HUMAN RESOURCES ACCOUNTING - ACCOUNTING FOR THE MOST VALUABLE ASSET OF AN ENTERPRISE

Vatasoiu Cristian Ionel (), Cornescu Alina () and Motoniu Ioan Dumitru ()
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Vatasoiu Cristian Ionel: Valahia University of Târgoviste, Faculty of Economics
Cornescu Alina: Babes-Bolyai University, Faculty of Business
Motoniu Ioan Dumitru: Valahia University of Târgoviste, Faculty of Economics

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 925-931

Abstract: Employees are the most important assets of an enterprise and its success or failure depends on their qualifications and performance. Human resources are not properly evaluated because the enterprises consider the wages, actually an investment in the qualification and improvement of the staff as expenditure and and not as an investment in the most important asset of an enterprise - the human capital. The current accounting system is not able to provide the actual value of employee capabilities and knowledge. This indirectly affects future investments of a company, as each year the cost on human resource development and recruitment increases. Human resource accounting is a direct part of the social accounting and aims to provide information on the evaluation of one of the most important components of the organization, namely human capital. This article seeks to show the importance of human resources for an enterprise, what human resource accounting is, which would be its implications and what are its main objectives.

Keywords: Human Resources Accounting; human capital; knowledge; intangible assets; Lev & Schwartz model (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2010
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