Volume 18, No. 6, 2021
A Study On Human Resource Accounting Practices In India
Tandraleem Kashyap
Abstract
In today’s knowledge based economy human resources are considered more important in determining the total value of an organisation. Human skill, talent and creativity cannot be replaced with machine and similar other physical assets. Under traditional accounting, the expenditures incurred on human resources are treated as expenses and charged to the statement of profit and loss account. Human resource accounting is a new accounting technique where human resources are considered as assets and their value is shown in the balance sheet. Though, the concept of HRA is not originated too recently, yet it has not spread widely. In this context, the present paper is an attempt to make an analytical study on human resource accounting practices in India.
Pages: 1019-1025
Keywords: Human Resource Accounting, Expenditures, Assets, Balance sheet