ACC:4649 University of Phoenix GASB and FASB Venn Diagram Worksheet Complete the Vann diagram on page 2 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 box and add or remove text boxes, as needed Submit your assignment. GASB and FASB Venn Diagram Worksheet Page 2 of 2 ACC460 V GASB FASB GASB Example: No delived ownership interests Example: Defined ownership interests that can be sold, transferred or redeemed or entille the owner to a share of remaining resources at iquidation Insert text Insert text Insert taxt Insert text Insert text Insert text Insert text net sex Insert text Insert text Copyright 2020 by Universy of Phoenk Negard