This document provides an overview of strategic management accounting and its importance for small and medium enterprises (SMEs) in Nigeria. It discusses how strategic management accounting can help SMEs make better business decisions to improve competitiveness and performance. Specifically, it notes that strategic management accounting techniques like activity-based costing can help SMEs beyond traditional management accounting methods. The document also outlines some of the key components needed for effective strategic management accounting implementation in SMEs, including technology, information, people and government policy support. Finally, it concludes that optimal use of strategic management accounting can boost SME organizational performance.