1. Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper (APA format) Prepare a 500 to

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.