EconPapers    
Economics at your fingertips  
 

Perspectives On Disclosing Human Capital Into The Notes Of The Financial Statements

Rossen Petkov
Additional contact information
Rossen Petkov: Lehman College, City University of New York, New York, USA

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2010, vol. 57, 29-40

Abstract: This paper argues that a disclosure-only approach provides a better means of incorporating human capital information into the financial statements. The express purpose of the financial notes is to allow an informed assessment of the company’s operations, financial position and future business strategies and prospects. We show that the current accounting framework under IFRS, specifically IAS 1, could accustom the disclosure of human capital into the notes of the financial statements. In addi-tion, we identify the key compulsory indicators that organizations need to disclose into the notes to the financial statements. These indicators include the short and long term strategies related to human cap-ital, information on acquisition and retention, learning and development. In addition, organizations need to provide details on the effectiveness and performance of their human capital management poli-cies and practices. The reporting is to be accomplished with the use of a mix of quantitative and qualitative data.

Keywords: human capital; financial notes disclosure; internally generated intangible assets; disclosure framework; compulsory indicators (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://anale.feaa.uaic.ro/anale/resurse/rossen_pet ... 0Final%20version.pdf (application/pdf)
http://anale.feaa.uaic.ro/anale/ro/Arhiva%202010n-Petkov/345 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2010:v:57:p:29-40

Access Statistics for this article

More articles in Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015) from Alexandru Ioan Cuza University, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Sireteanu Napoleon-Alexandru ().

 
Page updated 2021-02-06
Handle: RePEc:aic:journl:y:2010:v:57:p:29-40