HUMAN RESOURCE ACCOUNTING Dr. Anil MehtaDefinition a process of
identifyin and !eas"rin data a#o"t h"!an reso"rces and
co!!"nication this infor!ation to concernin parties$A!erican
Acco"ntin Association%acco"ntin for people as an orani&ational
reso"rce. It in'ol'es !eas"rin the cost inc"rred#y orani&ations
to recr"it( select train and de'elop h"!an assets. I t also
in'ol'es !eas"rin the econo!ic 'al"e of people in the
orani&ation$)la!#oi&O#*ecti'es +ro'ide cost 'al"e
infor!ation.Effecti'ely !onitor the "se of h"!an reso"rces.)ind
,hether h"!an assets are appreciatin or depreciatin o'er a period
of ti!eAssist in de'elop!ent of effecti'e !anae!ent
practices.li!itationsIt is not easy to 'al"e h"!an assists in an
orani&ation.HRA is f"ll of !eas"re!ent pro#le!s.E!ployees and
h"!ans !ay not li-e the idea.There is no e!pirical e'idence to
s"pport the idea that HRA is an effecti'e tool to !eas"re the
econo!ic 'al"e of people in the orani&ation. Approaches to
HRAMonitory !eas"resHistorical cost !ethod.Replace!ent cost
!ethod.Opport"nity cost !ethod.Econo!ic 'al"e !ethod.Asset
!"ltiplier !ethod.Disco"nted present 'al"e of f"t"re earnin
!ethod.Non !onitory !eas"resE.pected reali&a#le 'al"e
!ethod.Disco"nted net present 'al"e of f"t"re earnins.Controllin
cost of !anpo,erManae!ent #y o#*ecti'es/M0O1Ratio AnalysisCost of
Recr"it!ent Recr"it!ent Cycle Ti!e( Cost of T"rno'er( Cost of
trainin +ersonnel +rod"cti'ity+ersonnel Reports( 0"dets and
A"dits
