1. Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper (APA format)
Prepare a 500 to 700-word paper comparing and contrasting GASB and FASB accounting:
a. Explain the objectives of the two standards boards and how they are similar and different.
b. Describe how the modified accrual basis of accounting differs from full accrual accounting.