Nandan (2010) states that training and management experience in management accounting information, techniques, and systems are important to better managing scarce resources and enhancing owner/manager values. Gaidienė & Skyrius (2006) investigated the role and usefulness of management accounting information as perceived by managers. The results showed that managers perceived management accounting information as useful, higher even than accountants did. Collis & Jarvis (2002) suggested that the management of small private companies are aware that cash control was important to company survival. Pierce & O‟Dea (2003) studied the perceptions of managers regarding the usefulness of current information, desirable changes to information, and the role of the management accountant. They found that improved management accounting information can only come about through a convergence of the perceptions of management accountants and managers regarding the nature, timing, and format of the information required, thereby increasing its usefulness or organizational validity.