Accounting for Human Resources  Accountants Dilemma

Dr. Samir Mazidbhai Vohra

Volume : V, Issue : XI, November - 2015

Accounting for Human Resources Accountants Dilemma

Dr. Samir Mazidbhai Vohra

Abstract :

 An accountant is a person who, among other things, professionally assigns measures (positive numbers) to objects and events in the field of economic activities. This side of the accounting activity is mysterious, scientific, responsible and extremely useful for society. Human Resource Accounting may be considered as a controversial subject. The knowledge economy of today has forced a paradigm shift in its valuation processes. In a conventional Balance Sheet, it is irony that the Human Resource that created wealth by utilizing Money, Machinery and Material does not find a place in the asset column of the Balance Sheet. Accountants, however, keeping in their minds the needs of developing the accountability of an economic event space, have to apply their own ways of thinking. In this paper an attempt is made to focus on the practical difficulties faced by an accountant in Human Resource Valuation and Reporting.