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
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