Write a paper comparing and contrasting GASB and FASB accounting: Explain the objectives of the two standards boards and how they are similar and different. Explain how the modified accrual basis of accounting differs from full accrual accounting. Create an accompanying 10- to 12-slide Microsoft® PowerPoint® presentation you could use to train new staff. 

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In essence two different sets of accounting standards are used in accounting in the United States One set of standards is used by all public companies while the other is employed by all state and loca... View the full answer