%0 Journal Article
%T AN INSIGHT INTO HUMAN RESOURCE ACCOUNTING MODELS ¨C NEED TO MEASURE HUMAN RESOURCE AS AN VALUABLE ASSET
%A Dr. Abid Yunus Salati
%J International Journal of Advance and Innovative Research
%P 77-80
%@ 2394-7780
%D 2015
%X The success of any organization is contributed by physical, financial and human resources; however, the
contribution of human resources is not truly recognized by traditional accounts. The traditional accounting
practices consider human resource as an item of expense (just like any other revenue expenditure) and not as
an asset. Therefore, only physical and monetary assets are included in financial statements. Thus, by expensing
such a resource, the matching concept and by not disclosing the human resource as an asset, the convention of
disclosure is violated by financial accounts. The absence of human resource as an asset in the balance sheet
violates the accrual principles, discards matching principles, defies the principle of disclosure, and underrates
the firmĄ¯s net worth current income and thereby not reflecting the true and fair view of the organization
(Verma, 1999).
This paper is an attempt to discuss some Human resource accounting models and exhibit its practical
implementation (a HRA model adopted in SAIL) in measuring Human as an asset and live pillars of
organizations.
%K Traditional accounting practices
%K physical and monetary assets
%K Human Resource Accounting.
%U http://iaraedu.com/ijair/IJAIR%20Volume%202,%20Issue%202%20(I)%20-%20April%20to%20June%202015.pdf