HUMAN RESOURCE ACCOUNTING

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By: ibsllp (49 month(s) ago)

nice one

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HUMAN RESOURCE ACCOUNTING : 

HUMAN RESOURCE ACCOUNTING PRESENTED BY: DIVYA AGRAWAL MPMIR-IInd SEM ROLL NO:12

HRA: CONCEPT : 

HRA: CONCEPT “the process of identifying and measuring data about human resources and communicating this information to interested parties”. “Human Resource Accounting is basically an information system that tells management what changes are occurring over time to the human resources of the business. HRA also involves accounting for investment in people and their replacement costs, and also the economic value of people in an organization,”

HISTORICAL DEVELOPMENT OF HRA : 

HISTORICAL DEVELOPMENT OF HRA

NEED FOR HRA : 

NEED FOR HRA HRA systems can be put to use for taking a variety of managerial decisions Organizations can actually find out how much they can earn from an individual HRA reflects the extent to which organization contributes to society’s human capital by investing in its development. It provides a sound and effective basis of human asset control Helps to know whether the asset is appreciated, depleted or conserved

MEASUREMENTS IN HRA : 

MEASUREMENTS IN HRA

COST APPROACH IN HRA : 

COST APPROACH IN HRA

ECONOMIC VALUE APPROACH : 

ECONOMIC VALUE APPROACH

NON MONETARY MEASURES : 

NON MONETARY MEASURES Skills or capability inventory Assessment of potential Attitude measurements

DETERRANTS TO HRA : 

DETERRANTS TO HRA Lack of an industry standard The need for extensive research Not an economically viable option for small and medium companies Difficult to predict as to what is going to be your future requirements

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THANK YOU