Question: i: PLEASE ANSWER ALL 4 QUESTIONS OR NONE AT ALL PER CHEGG RULES. 1)Discuss what you believe are the most important aspects of the accounting

i: PLEASE ANSWER ALL 4 QUESTIONS OR NONE AT ALL PER CHEGG RULES. 1)Discuss what you believe are the most important aspects of the accounting and financials in a small business. Discuss why you believe it is important and what are the challenges in maintaining such a system. 2)How can financial records allow you to identify problems in your business? 3)What purpose do GAAP and FASB serve for a small business owner? 4)If you were setting up open-book management in your business, what would you teach employees to make it work?

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