t 24 at 11:59pm ar Principles of Accounting II Section 08W Why is it necessary to follow GAAP for financial accounting, but not for managerial accounting? Why is managerial accounting so concerned with accurate cost tracking? (Answer these questions in two brief, but well-developed, paragraphs.) Note: Your posting should consist of at least two fully developed, well-written paragraphs answering the questions. You should also comment on one