Focus of the Final Paper Due to varying businesscharacteristics, the managerial accounting techniques applied ineach business may differ. For example, a business in the start-upphase may rely heavily upon budgeting and capital investmenttechniques; whereas, a business in the mature/maintaining phase mayrely heavily upon cost management and quality control. Ultimately,the techniques used by management should assist the business inachieving its short-term and long-term goals through effectivedecision-making. For your Final Paper, you will analyze the role ofmanagerial accounting in two parts. Part I will provide a generaloverview of managerial accounting. Part II will provide examples ofhow managerial accounting theories and principles are applied inthe business world. You may find it helpful to reflect upon yourown professional experiences for examples.