Abstract
In this paper we discuss the importance of
management accounting information for the
owner-managers of small and medium
enterprises (SMEs). We firstly, trace
developments in management accounting
thoughts and theories, and this is followed by
the nature of SMEs and their demand for
management accounting information. We then
discuss the pressures on small accounting
practitioners (SAPs) and their ability to meet
SMEs’ management accounting needs. The
paper ends with opportunities, challenges and
future directions for SMEs, SAPs, and
researchers in management accounting and
control systems (MACS).
Keywords
SMEs
Managing Accounting
Professional Accountants
Small Accounting Practiti