INTEGRATION OF DIGITAL TECHNOLOGIES INTO MANAGEMENT ACCOUNTING FOR CONCESSION PROJECTS

Abstract

Introduction. The implementation of concession projects as a form of public-private partnership is accompanied by highly complex contractual relationships, long-term investment horizons, significant amounts of data, and multilateral interaction between stakeholders. Under such conditions, traditional management accounting tools do not always provide sufficient efficiency, transparency, and analytical depth of information for management decision-making. Digital transformation opens up new opportunities for improving the efficiency of management accounting, but its implementation in the field of concessions is still fragmented and unsystematic.

The purpose of the study is to justify the possibilities and feasibility of integrating modern digital technologies into the management accounting system of concession projects to improve management efficiency, transparency of financial flows, and the quality of management decisions.

Materials and methods. The methodological basis of the study is the analysis and synthesis of scientific works by domestic and foreign authors in the field of public-private partnerships, concession projects, management accounting, and digital transformation. The work uses methods of systematic analysis, comparison, generalization, as well as elements of bibliometric analysis to identify key digital technologies that have the greatest impact on the evolution of management accounting.

Materials and methods. The methodological framework comprises analysis and synthesis of contemporary scientific literature, comparison of managerial accounting methods, case studies, and generalization of practical experience in managing concession projects.

Results. The article analyzes the potential for integrating digital technologies such as artificial intelligence, machine learning, robotic process automation, big data analytics, blockchain, smart contracts, and triple entry accounting systems into the management accounting of concession projects. It shows that the use of these tools allows for the automation of routine accounting operations, increases the accuracy and reliability of accounting information, reduces transaction and administrative costs, and ensures transparency in interactions between the state, private operators, and investors. Attention is paid to blockchain technology and the concept of triple entry, which create a single, immutable source of accounting data and simplify internal control and auditing of concession projects. Key barriers to the implementation of digital technologies have been identified, including insufficient digital competence of personnel, incompatibility of outdated information systems, lack of unified standards, high initial investment costs, and regulatory restrictions.

Discussion. Prospects for further research are related to the development of methodological recommendations for the digitalization of management accounting for concession projects, assessment of the economic effect of the implementation of digital technologies, and the formation of approaches to adapting innovative solutions to the national legal and institutional environment.