GASB, but not FASB, sets standards for budgetary accounting.

Name: GASB, but not FASB, sets standards for budgetary accounting.
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Both GASB (Governmental Accounting Standards Board) and FASB (Financial Accounting Standards Board) set standards for different types of entities, but neither specifically sets standards solely for budgetary accounting. GASB focuses on state and local governments, while FASB focuses on private sector accounting.

GASB, but Not FASB, Sets Standards for Budgetary Accounting