n this paper, it will review the Strategic Management Accounting concepts focusing on the selected strategic cost calculation in the small and medium sized companies. It will describe different views of costs and classify of basic characteristic of Strategic Cost Calculation. There will be also comparison of strengths & weakness of the strategic cost management methods. The purpose of this paper will discuss the advantages and disadvantages of the Strategic Cost Management Techniques and also how these strategic techniques could help manage SME's. The attention is focus on the Activity Based Costing, the Life Cycle Costing and the Target Costing. No doubt that these three tools can bring a success in management of the competitive strategy, but currently this topic needs more next qualitative researches. Some author ́s ideas for next survey are mentioned in this paper.