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. Please organize to put information in a venn diagram.