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GASB and FASB Venn Diagram Worksheet
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
Enter differences between the organizations in the text boxes inside the circle for each organization and similarities where the diagram overlaps. Adjust the size of each text boxand add or remove textboxes, as needed.
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Viktoriya works at TRS Inc. She was asked by her boss to take a series of personality tests. Viktoriya doesn't know what to make of this.
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