AWARENESS OF HUMAN RESOURCE ACCOUNTING PRACTICES AND COSTING: EVIDENCE FROM THE PHILIPPINES

Venus C. Ibarra and Corazon A. Cosico

Global Journal of Business Research, 2016, vol. 10, issue 4, 27-42

Abstract: This study focused on the awareness of the Human Resource Accounting Practices and Costing (HRAC) of companies located in Carmelray Industrial Park 1 (CIP 1), Canlubang, Calamba City. The respondents were 8 human resource managers, 18 human resource supervisors, 8 finance officers, 9 chief accountants, and 5 accounting supervisors of the forty-eight (48) companies of CIP 1. The researchers used a questionnaire to collect the data. The study disclosed that the companies were not aware of the HRAC Cost Based Approach Models. The results also revealed that CIP 1 companies used the traditional or conventional accounting for human resources, where costs incurred for human resources were charged to expenses. The level of awareness and acceptance of the forty-eight companies of CIP 1 is very low. Based on the findings, the researchers recommended an accounting system that the companies might be able to use

Keywords: Awareness; Human Resource Accounting (search for similar items in EconPapers)
JEL-codes: M40 M41 M48 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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