Human Resourse Accounting How Affect to Business

HUMAN RESOURCE ACCOUNTING (HRA) PRACTICES IN INDIA Success of embodied undertakings purely depends upon the quality of homophile resources. It is accentuated that; homosexual element is the nigh important input in any corporate enterprise. The investments order to raise knowledge; skills and aptitudes of the work force of the organization are the investments in human resource. In this context, it is worth while to hear and human resource chronicle system practices in corporate sector in India. Human resource accounting is of recent crinkle and is struggling for acceptance.It is clearly said that, Human resources accounting is an accounting measurement system and a large body of belles-lettres has been published in the last decade setting for the different procedures for measurement.  At the same time the theory and underlying concepts of accounting measurement have received sizeable attention from academics and a substantial body of literature has developed. The conventional accountings of human resources are not recognized as physical or fiscal assets.    Though Human Resources Accounting was introduced way back in the 1980s, it started gaining popularity in India after it was adopted and popularized by NLC.

Human Resources accounting, as well known as Human Asset Accounting, involved identifying, measuring, capturing, tracking and analyzing the potential of the human resources of a company and communicating the nonessential information to the stakeholders of the company.  It was a method by which a bell was assigned to every employee when recruited, and the value that the employee would generate in the future.  Human Resource accounting reflected the potential of the human resources of an organization in monetary terms, in its financial statements. Even though the location prevails, yet, a growing trend towards the measurement and reporting of human resources particularly in public sector is noticeable during the previous(prenominal) few years.  BHEL, Cement Corporation of India,... If you want to get a full essay, order it on our website: Orderessay

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