Abstract
Small and medium-sized enterprises are very important for each state of the economy. In addition, these companies create many workplaces, they also promote business competitiveness. However, the vast majority of bankrupt companies are now the small and medium - sized enterprises. In part, this occurs on the low level of management accounting development, when companies are not able to evaluate the results of their activity. The government can not regulate the management accounting techniques for its uniqueness. In the meantime, these companies are not so rich, to be able to create their own management accounting techniques. Without the management accounting model, smaller firms, often ramble trying to apply the management accounting tools of large companies. So it is necessary to determine what elements of management accounting should be applied, and which elements are not necessary for small and medium-sized enterprises and what challenges must be resolved in order to install the management accounting in these enterprises.
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