Need or Significance of HRA
Need or Significance of HRA:
The Primary role of accounting is to provide an effective measurement & reporting system for decision making. The human resource a/c is more concerned with this decision making area of accounting. It is an effective tool decision making.
- Formulating policies & programmes for the development of HR.
- Decisions regarding cost reduction programmes.
- Training & Development
- Recruitment & Selection
- Manpower planning & control
- Conservation & reward of human resource.
Making a choice between various types of human investment & investments in other assets etc..
Source: A/c Books & Notes
Tags: employees, Employer, Help in investment decisions, HR, HRA, Human, Human Resource, HUMAN RESOURCE ACCOUNTING, income, investment, Need or Significance of HRA, Resource, ROI
By: Management Duniya
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