Human Capital Accounting
Journal Title: International Journal of Marketing and Technology - Year 2012, Vol 2, Issue 6
Abstract
The implementation of Human Capital Accounting (HCA) is an OECD (Organization for Economic Co-operation and Development) recommended means of improving the efficiency of human capital investment and utilization. The concept of HCA has been explored and developed by the OECD as a means to understand and implement the necessary adaptations individuals and nations must make to measure and utilize knowledge assets knowledge resident in human beings in relation to economic performance and prosperity. In 1996, the OECD concluded that public policy must focus on the development of better signals for competence validation, valuation, accounting and financial reporting .firms had begun to think of employees as investments rather than costs, and as the cost to investment based thinking evolved, the transition continued toward full accounting of human capital investment as assets that produce return over an extended period of time. The OECD publications measuring what people know: human capital accounting for the knowledge economy and human capital investment: on international comparison extend the treatment and consumption in light of the disciplines of economics, accounting and education.
Authors and Affiliations
MahdiNaqdiBahar
Keywords
Related Articles
- EP ID EP19455
- DOI -
- Views 305
- Downloads 12
INVESTOR’S AWARENESS AND PREFERENCE TOWARDS MUTUAL FUNDS INVESTMENTSSOME SURVEY EVIDENCES
In few years Mutual Fund has emerged as a tool for ensuring one’s financial well being. As information and awareness is rising more and more people are enjoying the benefits of investing in mutual funds. But still many...
A STUDY ON THE PURCHASE BEHAVIOUR OF CONSUMERS WITH REFERENCE TO TOILETRIES AND PACKAGED FOOD ITEMS
The study has been designed to analyze the factors that are responsible for influencing the purchase decision of customers with respect to selected fast moving consumer goods. A sample of 300 customers at different sto...
e commerce IN InDIA – THE WAY TO SHOP
A rapidly expanding middle class with high aspirations and a growing appetite for quality goods make India an attractive investment destination for consumer goods companies. With the growing economy, not only the per c...
A comparative study of customer attitude towards ATM of SBI and ICICI bank
The Automated Teller Machine (ATM) is one type of innovation that can mechanically accept deposits, issue withdrawals, transfer funds between accounts and collect bills. This study aims at comparing the attitude of peo...
FRANCHISOR FRANCHISEE : TRUST AN EMPIRICAL STUDY IN CHENNAI
Today franchising is a widespread entry mode and has become a cornerstone for companies who want to expand into foreign countries. An exchange perspective of franchising recognizes that both the franchisor and franchis...