What is the value of human resource in the country
What is the true position of the human resource in the
country or any industry??
Human Resource Accounting
Definition by M.N.Baker: It is an accounting profession
to quantify cost and Value of employee employing in the
It is the process of identifying Investments made by
the organization in the Human Resource Assets.
Human Resource Accounting is the process of
assigning, budgeting, and reporting the cost of
human resources incurred in an organization,
including wages and salaries and training expenses.
on creating, increasing
and updating human
YIELD GENERATED IN
FORM OF HIGHER
IN THe ORGANIZATION
THEORY OF HUMAN RESOURCE ACCOUNTING
• Human resource accounting is an attempt to
identify and report investment made in
resources of the organization that are not
presently accounted for under conventional
accounting practice "(woodruff).
• Prof. Sidney Davidson defines human resource
accounting as a “term used to describe a variety
of proposals that seek to report and emphasize
the importance of human resourcesKnowledgeable, trained and loyal employees-in
a company's earnings process and total assets‟.
• INTRODUCTION COST,
TRAINING AND DEVEOPMENT
COST, OPPORTUNITY COST,
PROMOTIONAL COST, ETC.
• VALUE OF INVESTMENTS MADE
BY THE ORGANIZATION.
• DIFFERENCE IN PRESENT AND
FUTURE EARNINGS OF THE
• BASED ON USE OF MODELS LIKE
LEV AND SHWARTZ, ETC.
Employees are the most valuable resources of comparison in the services
(software, Banking, Management Consultancy, etc) sectors. Like all other
resources the company the employees possess value because of providing future