全部 标题 作者
关键词 摘要

OALib Journal期刊
ISSN: 2333-9721
费用:99美元

查看量下载量

AN INSIGHT INTO HUMAN RESOURCE ACCOUNTING MODELS – NEED TO MEASURE HUMAN RESOURCE AS AN VALUABLE ASSET

, PP. 77-80

Subject Areas: Business Ethics and Corporate Social Responsibility, Business Analysis, Human Resource Management

Keywords: Traditional accounting practices, physical and monetary assets, Human Resource Accounting.

Full-Text   Cite this paper   Add to My Lib

Abstract

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 firm’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.

Cite this paper

Salati, D. A. Y. (2015). AN INSIGHT INTO HUMAN RESOURCE ACCOUNTING MODELS – NEED TO MEASURE HUMAN RESOURCE AS AN VALUABLE ASSET. International Journal of Advance and Innovative Research, e5983.

Full-Text


comments powered by Disqus

Contact Us

service@oalib.com

QQ:3279437679

WhatsApp +8615387084133

WeChat 1538708413