The relevance of management accounting for small and medium-sized businesses

This article is about the relevance of management accounting for small and medium business and the concept of management accounting. Also, it analyses small and medium-sized enterprises, their advantages and disadvantages. The article includes links to the Federal Laws of the Russian Federation, decrees of the Government of the Russian Federation. Authors were identified the need of doing this type of accounting in working. On the basis of this study, the authors formed the characteristics of management accounting and identified the need for inclusion of management accounting in manufacturing.