Foreign experience in accounting and analytical support for investment project management

Abstract

The purpose of the article is to consider and analyze foreign experience in accounting and analytical support for investment project management for the purpose of implementation in Ukrainian realities. The formed goal required the use of the appropriate methodological apparatus: the generalization method, the historical and logical research method, the abstraction method, the analysis and synthesis method, and the specification method. It is established that the management of the investment activities of the enterprise belongs to the highest level of enterprise management. It is noted that the complete copying and use of foreign experience in accounting and analytical management of the investment activities of the enterprise in Ukrainian realities is inappropriate. It requires adaptation to cultural, regulatory, business and other features that may significantly differ from economic conditions, practical experience of performers, etc. The main, leading developers of software are given to ensure accounting and analytical work within the framework of investment management. It is recommended to conclude service contracts using advanced versions of software from Microsoft (Microsoft Dynamics 365), Oracle (Project Accounting), Clearwater Analytics (SaaS-based, with AI support), etc. The companies' software products will provide solutions to the following tasks: project budget planning, reporting and cost monitoring, time and labor management, invoice generation, cost decomposition, financial reporting based on dashboards, integration capabilities and internal audit control. This will provide an opportunity to monitor and adjust key project performance indicators (costs, revenues, time, etc.) in a timely and real-time manner based on current information step by step at each stage of project implementation. It has been proven that the main role in managing the investment activities of the project belongs to its manager (controls the implementation of stages, approves the budget of each stage and in general, controls expenses within the budget, etc.) and project employees - accountants, managers, etc. participants (monitor current indicators, generate reports, analyze the implementation of stages and key indicators of the project, assess risks, optimize costs, etc.). Within the framework of the project, it is necessary to generate several reports: a report on the focus on asset support; a report on capital expenditures (CAPEX) and a report on actual payback. These reports contain both traditional indicators typical of the enterprise's regular activities and those specific to this project.