The main components of calculation and analytical support of economic security in construction business

Abstract

In modern conditions, ensuring the economic security of a business is an important aspect of its successful functioning. The purpose of the article is to highlight the author's vision of accounting and the main components of accounting and analytical support for the economic security of the construction business. Accounting and analytical support for economic security in the construction business means creating conditions that allow businesses to minimize the risks of financial losses, maintain competitiveness and efficiency of their activities. The use of accounting and analytical support is an important tool for ensuring the economic security of business in construction. The article discusses the main components of accounting and analytical support for improving the level of economic security of a business. The research methodology is based on a convenient sample and covers only the city of Astana. Businessmen in construction living in Astana were provided with a well-developed questionnaire regarding the usefulness of the main components for ensuring economic security in accounting and analysis. Only 73 construction businesses expressed their opinion through the online platform. The data is then analyzed using descriptive statistics, Kornbach Alpha, correlation, and analysis of variance. The originality of the study found that accounting and analytical support for economic security has a significant impact on several major components in business. The main components of accounting and analytical support for economic security significantly help businessmen in making decisions regarding their investments. The study showed that the process of economic security in business was closely related to the main components of economic security. Almost all the analysis values were above 50%, which indicated that the information provided through the main components of accounting and analytical support for economic security was useful to businessmen in construction when making several decisions The result of the study will encourage businessmen to use the information contained in the accounting and analytical support to make an informed management decision. An attempt has been made to identify a real scenario of the usefulness of accounting and analytical provision of economic security for business, as if the study covered only a limited territory of the Republic of Kazakhstan.