Abstract: The need to ensure the success of small and medium scale enterprises necessitated this study to ascertain extent owners of small and medium scale enterprises adopt financial management practices for business success in Anambra State. Descriptive Survey research design was adopted. The population comprised 2502 owners of small and medium scale enterprises who were registered with Anambra State Ministry of Commerce, Industry and Technology. A validated structured questionnaire with a reliability coefficient index value of 0.84 using Cronbach alpha was used to collect data.