Accounting and analytical support for project management in higher education institutions: Problems and development areas

Subject. This article discusses the issues of accounting and analytical support for the project activities of higher education institutions in terms of generating relevant information for management reporting on projects, programmes, and project portfolios. Objectives. The article aims to identify the problems and limitations of the existing accounting system at higher education institutions in the context of the implementation of project management, as well as develop information support that can help improve the relevance of accounting data for making strategic decisions and evaluating the effectiveness of projects. Methods. For the study, I used the methods of systems and comparative analyses, as well as SWOT analysis. Results. The article identifies the fragmentation of managerial reporting in the ability to assess financial and non-financial results of project activities and finds a discrepancy between the information needs of project management reporting users and the content of existing reporting forms. The article proposes an original information support framework. Conclusions and Relevance. The proposed information support framework can help overcome the limitations of traditional accounting through providing localization of revenues and expenses by project, transparency of fund movements, and the correlation of planned indicators with actual costs. The results and conclusions obtained can be used to improve the accounting policies of higher education institutions, as well as in the activities of planning and financial departments, accounting offices, and project management offices.