The study indicated that entrepreneurs‟ overall perceived importance of management accounting‟s usefulness for SMEs was moderate, though when broken out by enterprise size, was high in medium enterprises and moderate in small enterprises. Entrepreneurs at both small and medium enterprises expressed a high perceived need for management accounting in their businesses. The significant difference in perceived importance and needs between small enterprise and medium enterprises probably reflects differences in educational background and knowledge. The correlation between perceived importance and perceived needs was positive. This might stimulate entrepreneurs‟ enthusiasm for learning about and adopting management accounting for use in their SMEs. Knowing the level of their needs and perceptions will be useful in designing appropriate training programs for them. A future study that identified the specific knowledge and techniques of management accounting lacking in SMEs would further benefit entrepreneurs‟ competencies and performance.