№ 12/2021

Fìnansi Ukr. 2021 (12): 68–82https://doi.org/10.33763/finukr2021.12.068

SCIENTIFIC SUPPORT OF INSTITUTIONAL REFORMS

LOVINSKA Ljudmyla ¹

¹Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0001-5427-7185

Accounting and financial monitoring: science and education nowadays

The development of accounting in historical retrospect is due to changing management needs in accounting and economic information brought about by the complexity of economic activity and the emergence of new types.. The article proposes and substantiates the following hypothesis: the methodology of new management functions and areas of users are formed in terms of modern conditions under the influence of the use of accounting information within the process of formation and development in Ukraine. This process is manifested through the convergence of the methodology of various functions of management and accounting at the enterprise level (financial planning, financial management) and the methodology of certain activities (insurance, banking) and even areas that are subject to government regulation (taxation). Financial monitoring belongs to the these areas, as the basis of its methodology is a risk-oriented approach the implementation of which involves the use of analytical data obtained from accounting. The analytical component in financial monitoring is due to the fact that the collection and preparation of data, their transformation into relevant information using various analytical techniques and methods, based on certain information needs of financial monitoring, grouping analytical information in the necessary context is to make the necessary decisions as a direction of activity. The conclusion is substantiated that both science and accounting practice have another related area for convergence and further development - development (improvement) of approaches to the formation and analysis of the necessary information for financial monitoring of operations. The sectoral segment is particularly promising in this area, as in some areas that fall under mandatory financial monitoring, the situation is such that the methodology of accounting and business analysis needs to be improved. Such trends should be taken into account when determining the direction of research and the content of vocational education. This fact prompted the Department of Tax Management and Financial Monitoring of KNEU named after Vadym Hetman to initiate the opening for the first time in Ukraine of a separate educational program at the bachelor's level in specialty 071 “Accounting and Taxation” dedicated to financial monitoring. Training of specialists according to the program “Financial Monitoring and Analysis” will create institutional conditions for improving the organization of primary and state financial monitoring, strengthening the effectiveness of formulating and implementing public policy in the area of preventing and countering money laundering or terrorist financing.

Keywords:accounting, methodology, financial monitoring, analysis, science, educational and professional program

JEL: I23, M41, M48

Lovinska L. . Accounting and financial monitoring: science and education nowadays / L. . Lovinska // Фінанси України. - 2021. - № 12. - C. 68-82.

Article original in Ukrainian (pp. 68 - 82)

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