ACCOUNTING CHALLENGES – CAPITALIZING HUMAN VALUE

Alexandra CIOCLOV (petcu) and Petru Ștefea
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Alexandra CIOCLOV (petcu): Faculty of Economics and Business Administration, West University of Timișoara, Romania
Petru Ștefea: Faculty of Economics and Business Administration, West University of Timișoara, Romania

SEA - Practical Application of Science, 2015, issue 7, 145-152

Abstract: Assessing the performance of business organisations has been a priority for all stakeholders, and this is the reason accounting has continuously evolved to better assist investors in their decision-making process. However, given the increasing importance of the service industry, the focus in evaluating business performance is also on employees’ performance and employee-centred organisational policies that would further stimulate the knowledge-production at the firms’ level. As many accounting professionals have already understood, accounting faces the challenge of a continuous adaption to the necessities of the business environment, thus admitting that it should provide the grounds for a sustainable and generalizable methodology for intellectual and, more particularly, human capital recognition. This paper offers a literature review on intellectual capital management and reporting, leaving room for the debate upon the choice of instruments that would ensure an accurate presentation employees’ added-value to organisational performance. It also presents a schematic approach to further develop the subject, describing the proposed methodology for further in-depth research.

Keywords: Intangible assets; Intellectual capital; Human capital; Reporting (search for similar items in EconPapers)
JEL-codes: J24 J30 M41 M50 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2015:i:7:p:145-152

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