International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 5 Issue 6 November-December 2023 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

Human Resource Accounting Methods And Practices In India - Conceptual Framework

Author(s) Dr. Muralidhar Dunna
Country India
Abstract Human resource accounting (HRA) has very high significance not only for the management, but also for analyst and even for employees. It helps management in better utilization, planning management of human resources in the organization while for analyst, Even today, when a good deal of work has been done in this field, it is very much unfortunate that there is not only set pattern or generally accepted method either for valuation of human resource or for their recording in books of accounts or for the disclosure of information by means of different statements. Human resource is one of the most important back office operations of any organization or business. The skills, creativity and ability of human beings cannot be replaced by machines. No machine can ever come up with a unique advertising idea without the human input. Thus companies must learn to recognize and appreciate the value of their employees. This paper highlights the significance of Human resource valuation and methods to measures human assets value. This paper also describes true costs of planning and recruitment and depicts the limitations of human resource accounting.
Keywords Human Resources Accounting, Human Resource Valuation, Cost, Model, Investment
Field Mathematics > Economy / Commerce
Published In Volume 5, Issue 6, November-December 2023
Published On 2023-11-04
Cite This Human Resource Accounting Methods And Practices In India - Conceptual Framework - Dr. Muralidhar Dunna - IJFMR Volume 5, Issue 6, November-December 2023. DOI 10.36948/ijfmr.2023.v05i06.8388
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