What is the Definition of Human Resources Accounting?


Definition of Human Resources Accounting

Accounting of human resource is nothing but the valuation of human asset in monetary terms and the process of their recording and disclosure. Eric Flamholtz defines human resource accounting as “accounting for people as an organisational resource.

It involves measuring the costs incurred by business firms and other organisations to recruit, select, hire, train and develop human assets. It also involves measuring the economic value of people to the organisation”.


According to American Accounting Association (1973) “Human resource accounting is the process of identifying and measuring data about human resources and communicating this information to interested parties”.

Woodsuff “Human resource accounting is an attempt to identify and report investments made inhuman resources of an organisation that the presently not accounted for in conventional system that tells the management what changes over time are occurring to the human resources of the business”.

Web Analytics Made Easy -
Kata Mutiara Kata Kata Mutiara Kata Kata Lucu Kata Mutiara Makanan Sehat Resep Masakan Kata Motivasi obat perangsang wanita