Human Resource Accounting

Implications of Human Resource Accounting

Definition of Human resource accounting

Human resource accounting is accounting and recognition of expenses related to employees of the organization and involves costs related to recruitment, selection, training, hiring etc. It enables management to properly plan and budget for training and other services for the human resource. It measures the cost related to the human resource of the organization.

Objectives of Human resource accounting

  • The objectives of Human resource accounting are as follows –
  • Measuring cost related to the human resource of the organization
  • Enabling management to properly plan and budget for training and other services for the human resource.
  • To ensure proper utilization of resources is done or not.
  • Increasing awareness and value about

Role of Management Accounting

The Role of Management Accounting, The Nature of Management Accounting and The Problems of Management Accounting

  1. Introduction

Numerous researchers eg. Colville (1981) and Chua (1986) trust that bookkeeping is a socially built capacity through giving particular implications to different demonstrations of bookkeeping. Accordingly, this section sees administration bookkeeping as a sociology instead of considering it as just a monetary framework. Right off the bat this entry would present the substance of administration bookkeeping and how Management Accounting assume a job in the undertaking. To examination the role of Management Accounting in administration control plainly, this section take activity based costing(ABC) for instance in monetary point of view. Since administration bookkeeping continues creating to steady with the difference in external condition …

Management Accounting and Management Accounting Systems


In the competitive business environment organisation needs to make the right decision for the organisation to get the competitive advantages. Management Accounting Systems gives the important and relevant business information to the organisation so that they can make the right financial decision. Managerial accounting helps organisation to formulate the business strategy and prepare the budget for the organisation (Copeland, 2000).

On the other hand financial accounting helps organisation to keep the data, record the information for future use. Financial accounting provide financial information and management accounting analyse the financial information to make the right decision.

In response to budget retargeting, both organizations have perception on different basis. If comparing with previous year, it is seen that organizational expenditures …

Accounting for PPE: Property, Plant and Equipment

Accounting for PPE: Property, Plant and Equipment

Accounting for PPE: Property, Plant and Equipment – The PPE account reliably appears as net of assembled downsizing. This construes if an affiliation does not buy extra new hardware, by then Net PPE should a little bit at a time reduce in respect each year because of breaking down. This can be better controlled by a disintegrating plan.  PPE is a critical settled resource account thing and is by and large enormously illiquid. An affiliation can offer its hardware, in any case not as effective as it can offer its stock or speculations, for example, bonds or stock offers. The estimation of PP&E between affiliations will change with the assignments. For instance, a …

Conceptual Framework for Financial Reporting

Conceptual Framework for Financial Reporting

The Conceptual Framework for Financial Reporting describes the objective of, and the concepts for, general purpose financial report. The International Accounting Standards Board (IASB)’s existing Conceptual Framework was developed by its predecessor body, the International Accounting Standards Committee, in 1989 (AASB, 2015). Although the existing Conceptual Framework has helped the IASB when developing International Financial Reporting Standards (IFRS):

  • Some important areas are not covered;
  • The guidance in some areas is unclear; and
  • Some aspects of the existing Conceptual Framework are out of date.

Consequently, in 2004 the IASB and the FASB initiated a joint project to revise their Conceptual Framework. The project was suspended in 2010 and restarted in 2012 (AASB, 2015). The objective of …

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