Identify key differences and similarities between GASB and FASB for elements and processes such as: Organizational purpose or stakeholder Financial reporting objectives Financial statement presentation Accounting treatment of revenues and expenses The role of the budget and budgetary control Identify key differences and similarities between GASB and FASB for elements and processes such as: Organizational purpose or stakeholder Financial reporting objectives Financial statement presentation Accounting treatment of revenues and expenses The role of the budget and budgetary control. four examples of GASB and FASB Comparison in APA Form Elements and Processes Example: Ownership interests GASB - Unique Attributes Example: No defined ownership interests GASB - FASB Similarities: ? FASB - Unique Attributes Example: Defined ownership interests that can be sold, transferred, or redeemed; or that entitle the owner to a share of remaining resources at liquidation