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RESEARCH CENTER FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS of Ukraine (KHARKIV, UKRAINE)

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Liburkina L. M.

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Integration of Managerial Accounting, Risk-Oriented Analytics, and Financial Reporting within the Accounting and Analytical System of Budget-Funded Institutions
Topalova I. A., Kalyuzhna M. M., Klievtsievych N. A.

Topalova, Iryna A., Kalyuzhna, Maryna M., and Klievtsievych, Nataliia A. (2026) “Integration of Managerial Accounting, Risk-Oriented Analytics, and Financial Reporting within the Accounting and Analytical System of Budget-Funded Institutions.” Business Inform 7:937–937.

Section: Accounting and Auditing

Article is written in Ukrainian
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UDC 657:336.14:005.334

Abstract:
In the current accounting environment, demands for transparency and efficiency in the use of budget funds are intensifying, necessitating the establishment of integrated accounting and analytical systems within public sector institutions. The ongoing digitalization and stricter tax oversight require the alignment of financial reporting, tax risk analysis, and managerial accounting, thereby ensuring the availability of timely and relevant information for managerial decision-making and the minimization of fiscal risks. Integrating these subsystems enhances the quality of internal controls, improves the soundness of budget planning, and strengthens the accountability of budget fund administrators. The article examines the theoretical and methodological foundations of integrating financial reporting, tax risk analytics and managerial accounting within the accounting system of budgetary institutions. It is noted that separation of financial, managerial and tax accounting reduces the informational transparency of budget funds managers and limits the ability to detect tax risks in a timely manner. An organizational and information model of an integrated accounting system is proposed, in which financial and budgetary reporting is considered as an external output, managerial accounting as an internal subsystem for supporting managerial decisions, and tax risk analytics as an element of risk-oriented internal control. An approach to the development of a system of key risk indicators (KRI) for tax risks using financial and managerial accounting data is proposed. The scientific novelty of the results lies in clarifying the essence of an integrated accounting and analytical system of a budgetary institution and substantiating a model of its functioning aimed at minimizing tax risks and improving the quality of public finance management.

Keywords: accounting and analytical support; budgetary institutions; financial and budgetary reporting; managerial accounting; tax risks; tax risk management; integrated accounting and analytical system; internal control; accounting information systems.

Fig.: 4. Bibl.: 22.

Topalova Iryna A. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Accounting and Taxation, Odesa State Agrarian University (13 Panteleimonіvska Str., Odesa, 65012, Ukraine)
Email: [email protected]
Kalyuzhna Maryna M. – Candidate of Sciences (Economics), Associate Professor, Dean, Faculty of Economics and Management, Odesa State Agrarian University (13 Panteleimonіvska Str., Odesa, 65012, Ukraine)
Email: [email protected]
Klievtsievych Nataliia A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Taxation, Odesa State Agrarian University (13 Panteleimonіvska Str., Odesa, 65012, Ukraine)
Email: [email protected]

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