EVOLUTION OF SCHOLARLY APPROACHES TO THE TRANSFORMATION OF ACCOUNTING AND ANALYTICAL SUPPORT SYSTEMS FOR FINANCIAL RISK MANAGEMENT IN CONSTRUCTION ENTERPRISES ENGAGED IN BLACK SOLDIER FLY PRODUCTION UNDER CONDITIONS OF INSTABILITY

Abstract

The article is devoted to examining the evolution of scientific approaches to the transformation of the accounting and analytical support system for financial risk management in construction enterprises within the context of implementing innovative bioeconomy projects, particularly the construction of black soldier fly farming facilities. The relevance of the study is driven by the heightened level of macroeconomic instability, war-related risks, inflationary fluctuations, regulatory transformations, and structural changes in the national economy. Under such conditions, traditional cost-estimation and control-based management models, grounded in retrospective analysis of expenditures and deviations, prove insufficient to ensure the financial resilience of enterprises, especially those engaged in capital-intensive innovative construction projects. The study systematizes scientific approaches to the formation of accounting and analytical systems across three evolutionary dimensions: classical (cost-control based), integrative (risk-oriented), and digital-prognostic. It is substantiated that the contemporary stage of economic thought is characterized by a shift from the mere recording of business transactions to the development of dynamic uncertainty management models integrating scenario-based budgeting, stress testing, cash flow forecasting, sensitivity analysis of financial indicators, and the creation of risk provisions. Special attention is given to the specific nature of constructing innovative black soldier fly farms as facilities that combine construction, technological, and biological processes and generate a multi-level structure of financial risks. It is demonstrated that such projects exhibit high dependence on energy stability, biological cycle variability, market volatility, and logistical constraints, which necessitates a transformation of the traditional accounting paradigm. The article proposes a conceptual model of an integrated risk-oriented system comprising accounting, analytical, risk management, and information-digital components, ensuring the alignment of financial, technological, and biological parameters within managerial decision-making processes. Based on a model-based calculation of farm construction, the impact of instability on capital expenditures, operating costs, net profit, and payback period is analyzed. The findings confirm that the implementation of risk-oriented tools enhances financial predictability, reduces vulnerability to external shocks, and strengthens the investment attractiveness of construction enterprises operating in the bioeconomy sector. The results obtained may serve as a foundation for developing methodological recommendations aimed at improving accounting and analytical support for financial risk management under conditions of instability and economic transformation.