Accounting for the Firms Human Resources

Accounting for the Firms Human Resources Points out that, in conventional accounting, the costs associatedwith human resources have always been treated as expenses and, as such,have been written off annually in the financial statement. Suggests thatmany practitioners were concerned that an organizations employees werenot properly accounted for on the balance sheet, preventing a truereflection or assessment of the state of the business. Also explores thevalue of human resources as measured by the present worth of potentialservices that could be rendered to the firm if the individual maintainedmembership throughout his or her expected service life. But this methodpresents problems of measurement in determining worth or value. Finally,examines the firms responsibility to shareholders with regard toreporting human resource investments objectively in financial statementsin light of CICA standards, as well as capitalization and amortizationdecisions to be taken. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

Accounting for the Firms Human Resources

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0268-6902
DOI
10.1108/02686909310026440
Publisher site
See Article on Publisher Site

Abstract

Points out that, in conventional accounting, the costs associatedwith human resources have always been treated as expenses and, as such,have been written off annually in the financial statement. Suggests thatmany practitioners were concerned that an organizations employees werenot properly accounted for on the balance sheet, preventing a truereflection or assessment of the state of the business. Also explores thevalue of human resources as measured by the present worth of potentialservices that could be rendered to the firm if the individual maintainedmembership throughout his or her expected service life. But this methodpresents problems of measurement in determining worth or value. Finally,examines the firms responsibility to shareholders with regard toreporting human resource investments objectively in financial statementsin light of CICA standards, as well as capitalization and amortizationdecisions to be taken.

Journal

Managerial Auditing JournalEmerald Publishing

Published: Feb 1, 1993

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