The document discusses various accounting methods including human resource, social, environmental, inflation, forensic, and costing accounting. Each method has its specific purposes such as valuing human resources, communicating social impacts, measuring environmental costs, correcting historical cost issues during inflation, and investigating fraud. The information highlights the growing need for these accounting types due to changes in business practices and economic conditions.

1. By:
Swati Luthra

2. HUMAN RESOURCE
ACCOUNTING

 Human Resource Accounting is the art of valuing, recording
and presenting systematically the worth of human
resources in the books of account of an organization.
 Need Of HR Accounting:
 Deciding the transfers, promotion,
training & retrenchment of HR
 Identifying causes of turnover
 Helps to see under-utilization of HR
 Limitations
29 November 2013
Swati Luthra
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3. SOCIAL ACCOUNTING

 Social accounting is the process of communicating the
social and environmental effects of organization’s economic
actions to particular interest groups within society and to
society at large.
 Purpose Of Social Accounting
 To get feedback on how things are going in your
organization.
 To know how well you are achieving your aims and values.
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Swati Luthra
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4. ENVIRONMENTAL
ACCOUNTING

 Environmental Accounting is a field that identifies resource
use, measures and communicates costs of a company’s or
national economic impact on the environment.
 This includes:
 Costs to remediate contaminated sites
 Environmental fines
 Purchase of pollution prevention
technologies
 Waste management costs.
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Swati Luthra
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5. INFLATION ACCOUNTING

 Inflation accounting describes a range of accounting
systems designed to correct problems arising
from historical cost accounting in the presence of inflation.
 Need Of Inflation Accounting:
 Traditional accounting based on historical
cost fails to match current revenue against
costs that are current.
 Inflation accounting is used in countries
experiencing high inflation or hyperinflation.
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Swati Luthra
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6. FORENSIC ACCOUNTING

 Forensic Accounting is the investigation of an allegation
whose evidence is expected to be presented in the Judicial
form.
 Need Of Forensic Accounting:
 Growing frauds
 Rapid use of Information
Technology
 Growing Cyber Crime
 Increase in number of corporate scams
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Swati Luthra
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7. COSTING

KAIZEN COSTING
TARGET COSTING
 It is the process of cost
reduction during the
manufacturing phase of
an existing product.
 Eg. Toyota Production
29 November 2013
Swati Luthra
It is determining the
maximum amount of
cost that can be incurred
on a product and with it
the firm can still earn the
required profit
margin from that
product at a particular
selling price.
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8. 
THANK YOU!!
29 November 2013
Swati Luthra
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