Accounting from the very beginning is confined to record only those business transactions which can be expressed in monetary terms. It was not a problematic issue till business meant dealing in tangible items. Gradually with the passage of time business shifted from production of goods to providing services to the customer. It was the time when it was felt that the most important asset of a company is human beings. They cannot be ignored in accounting. Without recording them the balance sheet of the company does not depict the true picture of the concern. That was the time when the concept of human resource accounting came and academicians started giving their theories and views regarding recording of this most important asset.

Keywords: HRA, Organisation Culture, Human Capital, HRV, HRM.