This document discusses human resource accounting, which is the process of identifying, measuring, and reporting on the value of human resources within an organization. The key points are: Human resource accounting measures the costs associated with recruiting, selecting, training, and developing employees. It aims to provide useful information for management decision making. The objectives include monitoring human resource use and analyzing whether human assets are being conserved or depleted. There are several methods used in human resource accounting, such as capitalizing historical costs, using replacement costs, and opportunity costs. Each method has limitations in accurately valuing human resources. While human resource accounting provides benefits like improved decision making, there are challenges to standardization and estimating the value of human assets.