ACCOUNTING AND ANALYTICAL SUPPORT FOR INVESTMENTS IN HIGHER EDUCATION IN THE CONTEXT OF HUMAN CAPITAL THEORY

Анотація

The accounting and analytical support of investments in higher education is examined in the context of human capital theory as a key instrument for shaping the long-term socio-economic return on educational expenditure. The economic nature of educational expenditures is considered and their transformation from the category of current expenditures into the form of investments in human capital is justified. A methodological gap has been identified between the investment nature of higher education and traditional approaches to its financing and accounting, which limits the possibilities for a reliable assessment of the effectiveness of the use of educational resources. The specifics of the formation of accounting and analytical information in the conditions of the dominance of the cost logic of budget financing are analysed, and the need for its reorientation towards an investment-effective paradigm is substantiated. The role of the accounting and analytical core in the system of the institutional interaction between higher education investors is revealed. The functional contours of the transformation of financial, contractual, partnership and grant resources into human capital reproduction results are determined. The importance of the analytical indicators, financial standards, formulaic mechanisms for the distribution of funds, and information and digital tools in ensuring results-oriented management of educational investments is substantiated. It has been proven that the insufficient level of integration of accounting and analytics reduces the validity of management decisions both at the level of higher education institutions and in the public administration system. It has been established that improving the accounting and analytical support for the investments in higher education creates the preconditions for increasing the efficiency of internal budgeting, optimising the structure of educational expenditures, strengthening the financial stability of higher education institutions, and increasing the objectivity of formula-based funding. The scientific novelty of the study lies in the conceptualization of an institutional model for accounting and analytical support for investments in higher education, focused on the reproduction of human capital and the achievement of long-term socio-economic effects. The practical significance of the results obtained lies in the possibility of their use in the activities of higher education institutions and state authorities in order to increase the effectiveness of financing and investing in human capital development.

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