For the following small and medium enterprise (SME), please answer the questions below

Nicks Pizza & Pub - This is an actual an company and the website can be visited for more information.

Crystal Lake, Illinois

Founder and CEO: Nick Sarillo

Revenue: $6 million

Employees: 200

Nick Sarillo started Nicks Pizza & Pub partly because he felt the community needed a family-friendly restaurant. A former construction worker, he was frustrated with the options available for his own family. In the next 15 years, Nicks Pizza & Pub did indeed become a sort of community center. Scarcely a week went by without fundraisers for local charities or people in needand Nicks would contribute 15 percent of the gross profit generated by events. It also had a vibrant culture built around what he called his trust-and-track (as opposed to command-and-control) approach to managing. He was nave about finance, however, and, out of ignorance, took on too much debt over the years. The result: he was running out of cash and three weeks from bankruptcy in 2011. With all other options exhausted, he wrote an email to customers explaining the situation, taking full blame for it, and asking for help. The customers rallied and literally saved the company. Sales almost doubled for the next two months. Some even called the bank, urging it to help Sarillo find a solution. The company survived; Sarillos debt was restructured, and he learned a hard, but crucial, lesson about the balance sheet.

Questions to Answer ( please cite journals and articles that will support your argument)

1. What management accounting practices (MAP) do you believe they should use to improve their business even more.

2. Identify one or more traditional MAP you believe the above SME should use to improve their business even more.

3. Identify one or more modern MAP you will recommend to the SME should use to improve their business even more.

4. Provide a recommendation to overcome the constraints that SMEs faces in implementing MAPs.