HUMAN RESOURCE ACCOUNTING - Management Duniya

HUMAN RESOURCE ACCOUNTING

HUMAN RESOURCE ACCOUNTING:

Human Resource accounting is that branch of Managerial Accounting, Which involves the application of economic & accounting concepts to the area of personal Management. It is the process of recognising, measuring and communication useful information relating to human resources. The American Accounting Association committee on HRA has defined  “ human resource accounting as the process of identifying & measuring date about human resources & communicating this information to interested parties”

According to David & weil “ it is the process of measuring & reporting the human dynamics of an organisation. It is the assessment of the condition of human resources wit in on organisation the measurement of the change in the condition through time.

Basic Principles of HRA:

1. People are valuable resource of an enterprise


2. The usefulness of manpower as on organisational resources is determined by the way which it is managed.


3. Information on investment & value of human source is useful for decision making in the enterprises.

Source: A/c Books & Notes

Tags: accounting, Assets, Employee, Employer, finance, Human Resource, HUMAN RESOURCE ACCOUNTING, Human Resource System, Liabilites, Management
By: Management Duniya