Human Resource Accounting- Role and Challenge for Accountants’
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 6
Abstract
Thanks to globalization, we are now passing through knowledge based economy where human resource has a significant contribution for the growth and success of the businesses and the society. Shifting from physical asset to knowledge based intangible asset proves that it is only the human resources who can bring the success of business and it is their endeavour to create more wealth for the firm and the society by proper using the physical assets like land & Building, Plant & Machinery, Infrastructure etc. Presently, any growth and success story of corporate are due to the efficiency, creativity, Intellectuality, behavior, attitude, knowledge and skill of the intangible asset i.e. human beings. Human resources are the engine or talent for sustainable growth of any business corporate. Wealth maximization, value maximization, growth in market share, efficiency, competitiveness, good management, vision, mission, achievement of goal, corporate image, corporate governance, brand management, supply chain management, reputation, developed research and development, value management, time management, continuity of success all depends on human talents. Human resource accounting is the process of identifying and measuring value and benefit arises for human resources and communicating this information to the interested parties for the purpose of relevant decision making
Authors and Affiliations
Juhi Chatterjee, Partha Chatterjee
Keywords
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