HUMAN RESOURCE ACCOUNTING (HRA) REVISITED

Abstract

Human beings have often been acknowledged to be important resources in an organization. As a result work was undertaken in the 1960's and 1970's to develop means to measure and monitor this important resource. In view of the continuing importance of the human resource and the lack of recent developments in human resource accounting, this study: -examines the desirability of further developing accounting measures of human resources; -reviews and evaluates a selection of models developed in respect of human resources in the accounting literature; and -explores and proposes an innovative approach to accounting for human resources for financial reporting purposes.