Main Article Content
Small and Medium-sized Enterprises (SMEs) play an important role in the economic status of Thailand. Good accounting information is essential to the success of SMEs. Ideally, SMEs should prepare and analyze their own accounting information. However, the majority of SMEs outsources accounting firms to prepare financial statements and taxation. Hence, the SMEs themselves have limited accounting information for making decision in order to improve the management of their businesses. The objective of this work is to study the possibility of accounting firms to act as accounting consultants for SMEs, rather than relying primarily on outside firms. A descriptive study was performed in 50 accounting firms in the lower northern. Structured questionnaires and in-depth qualitative interviews with accounting firm owners show that most accounting firms are ready to act as consultants to ensure preparation financial statement and contribution the existing knowledge of management accounting practices in SMEs. Therefore, accounting firms can serve as financial and management accounting instead of preparation financial statement that serve as financial accounting only. However, accounting firms that ready to act as consultants in order to emphasis on management accounting, employees of accounting firms need to develop knowledge and skills. To act as consultants and provide effective support to SMEs to improve their business performance, accounting firms can also provide value added services not merely delivering financial statement.
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