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