HUMAN RESOURCE ACCOUNTING: THE EMPIRICAL VALUATION WAY

Financial reporting plays a significant role in the development and growth of an economy. Financial reporting has undergone significant changes, leading to newer challenges and opportunities. Organization is taken into account as a socio economic entity having financial and social objectives. The main focus of economic reporting is on the commercial and economic accountability of the businesses, but social responsibility disclosures cater to social impacts of corporate actions. There are many important social accounting concepts existing, during which Human resource accounting and Value Added are utilized in the context of this study. Human resource accounting, Value Added through social accounting has gained significant importance in the present arena. This study emphasis in assessing the performance of an organisation, through Valuation of Human Resource and Value addition there on and subsequently connect with the social performance towards public and shareholders through the event of values and morals. Thus investors should be supplied with additional and improved information enabling them to live the performance of companies in an improved way. Voluntary disclosures regarding Value Added, Human Resource Accounting are greatly urged and welcomed in annual reports during this new approach of monetary reporting. Additional corporate disclosures to include new dimensions in the business and economy also are required with the above discussion it's been identified that Value-added information and Human Resource Accounting provides economic and social information by identifying the portion of output, e.g. labour, taxes, etc. that goes to every participant in the process of a company, say its stakeholders. Thus, value-added measure and human resource values plays a vital role for the parties who have an interest in it. In the light of the above importance, the current research is meant primarily to live human resource value and value-added contribution.

               

KEYWORDS: Organisation, Corporate, Disclosure, Financial, Investment, Recruitment, Stakeholders.


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