future accountings, human resource accounting, social accounting, environmental accounting, inflation accounting, forensic accounting, types of accounting, costing, target costing, kaizen costing, types of costing, swati luthra

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.
29 November 2013
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.
29 November 2013
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.
29 November 2013
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
29 November 2013
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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