Human Resource Valuation and Accounting: a different approach - Softcover

Inhaltsangabe

In these challenging days when everyone is fighting to defeat COVID19 or Coronavirus, everyone of us sense and feel the importance of human value of self and all around worldwide. Hope we all have learnt few lessons from COVID19 in terms of appreciation of humanity, human value and pity for all the living creatures. Human resource is the backbone of the economy for any country worldwide. Irrespective of the nature of the industry, manufacturing, trading or servicing, human resource has a significant role to play for a smooth operation in the industrial and business cycle. Even in the days when artificial intelligence gains significance, to work on that and add more or further value to that, we need human beings to be on and around.Approaches to human resource accounting (HRA) were first developed in 1691. The next approach was developed from 1691-1960, and the third phase was post-1960. Eminent accountants and the finance professionals have suggested various methods monetary and non-monetary, for measuring the value of human resources utilized in an organization. But not much is happening on the application front, because of disparity in values and valuation, and lack of simplicity and ease in use. Given this background, a simple solution has been worked going into the fundamentals for an easy adoption. This should help millions of professional accountants, students, organizations and employees worldwide. Proper human resource accounting require appropriate valuation which could emerge only from a better appreciation of the humanity. The contents touch valuation through essays on humanity providing for a meaningful accounting and better reporting.

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