ACC460 week 1 GASB and FASB Accounting Analysis

ACC 460 – Week 1 -Individual Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis PaperPrepare a 350- to 700-word paper comparing and contrasting GASB and FASB accounting.Explain the objectives of the two standards boards and how they are similar and different.Describe how the modified accrual basis of accounting differs from full accrual accounting.Format your paper consistent with APA guidelines.