Premium Essay

Human Resourse Accounting

In: Business and Management

Submitted By sabrinasultana
Words 54154
Pages 217
HUMAN RESOURCE ACCOUNTING
UNIT – I

The Non accounting of human resources and the change occurring therein, of an organization may provide a poor picture of the profits and profitability of the organization.
Likert
Objectives of the Study:
This unit aims to provide a basis for the conceptual framework of Human
Resource Accounting. An attempt is made to highlight the following aspects.
 Development of the Concept of HRA
 An Historical Score Card
 Meaning and Definition of HRA
 Importance
 Objectives of Human Resource Accounting
 Limitations of Human Resource Accounting
 HRA for managers & HR Professionals
 Investment in Human Resources
 Quality of Work Force and Organizations‟ Performance
 Efficient use of Human Resource
 Enumerating the Assets
 Calculating the Market Value of Assets
 Human Capital.

INTRODUCTION
To ensure growth and development of any orgnisation, the efficiency of people must be augmented in the right perspective. Without human resources,
1

the other resources cannot be operationally effective. The original health of the organization is indicated by the human behaviour variables, like group loyalty, skill, motivation and capacity for effective interaction, communication and decision making.
Men, materials, machines, money and methods are the resources required for an organization. These resources are broadly classified into two categories, viz., animate and inanimate (human and physical) resources. Men, otherwise known as the human resources, are considered to be animate resources. Others, namely, materials, machines, money and methods are considered to be inanimate or physical resources.
The success or otherwise of an organization depends on how best the scarce physical resources are utilized by the human resource. What is important here is that the physical resources are being activated by...

Similar Documents

Premium Essay

Human Resourse Accounting

...Human resource accounting (HRA) as an approach was originally defined as the process of identifying, measuring and communicating information about human resources in order to facilitate effective management within an organisation. It is an extension of the accounting principles of matching costs and revenues and of organising data to communicate relevant information in financial terms. The accounting of human resources can be seen as just as much a question of philosophy as of technique. This is one of the reasons behind the variety of approaches and is further underlined by the broad range of purposes for which accounting human resources can be used, e.g. as an information tool for internal and/or external use (employees, customers, investors, etc.), and as a decision-making tool for human resource management (investments in human resources as well as personnel management in general). Historical cost approach This was the first attempt towards employee valuation made by R. G. Barry Corporation of Columbus, Ohio in the year 1967. This method measures the organization’s investment in employees using the five parameters: recruiting, acquisition; formal training and familiarization; informal training, Informal familiarization; experience; and development. The costs were amortized over the expected working lives of individuals and unamortized costs (for example, when an individual left the firm) were written off. [edit] Limitations * The valuation method is based......

Words: 470 - Pages: 2

Premium Essay

Overview of Management

...Overview of Management: Kudler Fine Foods University of Phoenix MMPBL502 Introduction Kudler Fine Foods (KFF) is an upscale gourmet food store for shoppers with discriminating tastes. Kudler’s store stocks an array of gourmet items that vary from produce, meat, seafood, baked goods, cheese and dairy and wine. Kudler purchases organic products to the extent that is feasible. Currently, Kudler has three locations in California: La Jolla, Del Mar, and Encinitas. Each store is staffed with a manager and assistant manager. The brainchild behind this gourmet store was established by Kathy Kudler. Kudler Fine Foods has been so successful that Kathy is looking for additional sites to further expand the Gourmet Food chain. As matters stand, KFF has flourished; however, to continue success, Kathy will need an excellent management team to make certain the stores continue to provide the best gourmet products possible. Primary Functions of Management According to Gomez-Mejia & Balkin, “successful organizations know how to manage people and resources efficiently to accomplish organizational goals and to keep those goals in tune with changes in the external environment, such as those brought about by technology, legislation, and competitors.” The four primary functions of management are needed for Kudler’s continued success and the functions are: Planning/Strategizing, Organizing, Leading and Controlling. Planning and Strategizing A significant...

Words: 1233 - Pages: 5

Premium Essay

Gap the Up and Coming

...accomplish their goals. Middle management- this includes gernal managers, division managers, and branch and plant managers. B. Discuss the organizationl structure of the business relative to these five functinal areas: Marketing - The different forms of marketig, sales, and adverting for Gap are television, radio, credit card discounts, mail, and email. Gap spends a certain amount of money on advertising everymonth, and if they do not feel as though they are getting the response they hoped for they will pull the plug on that idea and go the next. Gap has commercials on television and radio, they are actully pretty catchy. Males and females from birth to 65 is their target market(gapincccom). I think they do a good job. Human resources - Gaps human resources department is functional it is head up by Eva Sage-Gavin her and her team personally hire all the regional managers and supply all the information for...

Words: 1651 - Pages: 7

Premium Essay

Business Proposal

...Business Proposal For Tourism Company A&A pty ltd CZECH, Your Tour Guide Akshar Patel Alejandro Minaya Table of Contents Project Background: 2 Nature and Aim of the Project: 3 Customer Segments: 4 Customer Relationships: 5 Value propositions: 6 Key Activities: 8 Key Partners: 9 Channels: 10 Key Resources: 11 Revenue Streams: 12 Cost Structure: 13 S.W.O.T Analysis 15 References: 16 Project Background: We (Czech, your tour guide), are presenting a business proposal model for tourism industry in Czech Republic and other european countries. According to research recently conducted by the accounting firm KPMG in 2014 the Czech economy was infused with approximately 293 billion Czech korunas (approximately USD 15.5 billion). Of this, about 97.5 billion korunas went to the state's purse, accounting for approximately 6.9% of state revenue. The majority of state revenue comes from value added taxes (VAT) and accounts for about 38% of state income. 2010 witnessed an increase of tourism of 4%, with yearly state income increasing as well. The Czech tourism industry accounts for 372,586 full-time, year-round jobs, with additional part-time and seasonal work created during the summer months. The Czech government understands the importance of tourism and its financial impact on the country, and new legislation supports investment in the tourism industry. Additionally, the European Union is allocating significant capital funds with the......

Words: 2479 - Pages: 10

Premium Essay

Scientific Management and Human Relation Approaches

...management and human relation approaches still applicable to organization of the 21st century? Full name: Trần Võ Khánh Linh Student ID: 1301BF5024 Class: K52-BFB Lecturer: Mr. Trần Quốc Trung Submission date: July 20, 2015 | Introduction Management can have the most remarkable effects on organizations. Therefore, management has become an essential element of the organization. From the past, managers had to figure out the ways to manage different workers’ skills, workplace conditions, history background or even their emotions. Thus, the development of the method in order to carry out that crucial part of the managing job is required urgently. Throughout history, there have been various approaches of management theories authored by experts like Frederick W. Taylor, Elton Mayo, Peter Drucker... to basically give managers a guideline of how to control human labor. In fact, a number of management strategies can be observed with the passing of time, and two important ones that shall be mentioned here are Scientific Management - which was published by Frederick W. Taylor, and the Human Relations approach of Elton Mayo. Both theories are not hard to recognize within the modern day workplace, and these methods of working seem so commonplace and so logical to a citizen of the modern world - the 21st century - a century of innovation and sustainable development. The purpose of this essay is to analyse the extent to which Taylor’s Scientific Management and Mayo’s Human Relation......

Words: 3095 - Pages: 13

Premium Essay

Easy Cleaner

...| | Assessment 2 | S NS | | | | | Assessment 3 | S NS | | NC | Assessor Signature | | Date | | Feedback to Student | | I have received the Assessment Feedback on _________________________(Date) | Students Signature | | Assessor Signature | | Date | | Result to Wisenet by: | | Date | | Assessment Task 1: Human resources lifecycle test Submission details Student’s Name | | Assessor’s Name | | Performance objective Students will be able to identify the key phases of the ‘human resources lifecycle’, and the place of recruitment and selection in that process. Assessment description For this Assessment Task, you are required to complete the questions below that have been provided by the assessor. Procedure 1. Complete the written test. Specifications Assessors will be looking for a minimum of three HR activities for each of the five stages of the lifecycle. You are required to complete a written questionnaire, demonstrating your understanding of the HR lifecycle. Lifecycle test Part A – Complete the diagram Complete the following diagram of the HR lifecycle. Identify the human resource activities (three at a minimum) for each stage. Highlight the functions for the recruit, select and induct stages. Stage 1: (three activities at a minimum) | 1 | 2 | 3 | Stage 2: (three activities at a...

Words: 4685 - Pages: 19

Premium Essay

Study on Sap Training Satisfaction of the Students

...------------------------------------------------- Study on SAP Training Satisfaction of the Students ------------------------------------------------- A Research Paper Presented to The General Education and Accountancy Department In Partial Fulfillment of the Requirements for the Course in Research Submitted by: Ronel Katrina Kishia Marie Nyalyn Reymund Elmer Rennaly Ruby Angelica Mae Anne TABLE OF CONTENTS Title Page 1 Acknowledgment 2 Chapter I Introduction 4-7 Background of the study 8 Framework of the Study 9-11 Statement of the Problem 11-12 Significance 13 Scope and Delimitation 14 Definition of Terms 15 Chapter II Review of Related Literature 17-21 Chapter III Methodology 22-24 Chapter IV Presentation, Interpretation and Analysis of Data 25-32 Chapter V Summary of Findings, Conclusions and Recommendations 33-36 References 37-38 Appendices Appendix 1 Schedule of Expenses 39 Appendix 2 Letter of Approval 40-41 Appendix 3 Letter to Respondents 42 Appendix 4 Questionnaire 43-46 Curriculum Vitae 47-55 CHAPTER I Problem and Its Background INTRODUCTION Companies nowadays use systems that would help them streamline operations and improve their customers’ experience to enhance their competitive position and drive growth. By which the SAP or Systems, Applications...

Words: 8954 - Pages: 36

Premium Essay

Nonstop Yacht Case Study

...Executive Summary This analysis was undertaken in an attempt to evaluate NonStop Yacht’s strategic direction in the Mega-Yacht industry due to the firm’s consistent inability to meet financial expectations. This case focused its efforts on answering. This poor financial performance has led the firm’s management to question whether or not a strategic alliance might be a beneficial alternative to their current business model. To address the firm’s current quandary, this case has answered the following central question: Should NSY strategically align with key industry players; or, would organic growth be a more beneficial option for generating the additional value needed to once again realign the company with both internal and external expectations? Analysis of the situation focused on three strategic issues found to be key in determining the firm’s strategic options: NSY’s core competencies; their internal environment which encompasses the firms operations, structure and culture; and how the industry trend of consolidation might affect the firm’s positioning. Based on a thorough analysis, it is recommended that NSY forgo an alliance with an industry player, instead focusing on organic growth. This growth is recommended to first begin by reinvigorating their e-commerce approach. NSY’s website must deliver on the value that was originally intended at the firms inception. Second, it is recommended that NSY steadily grow their brick and mortar footprint throughout......

Words: 4378 - Pages: 18

Premium Essay

Syllabas

...UNIVERSITY INSTITUTE OF APPLIED MANAGEMENT SCIENCES Aruna Chandra Hall (Near Post Office), Panjab University, Sector 14, Chandigarh-160 014 (India) Telefax: 0172-2701403 Phone: 0172-2534889 Email: uiams@pu.ac.in Website: uiams.puchd.ac.in SYLLABUS OF THE 1ST YEAR TRIMESTER – I CODE MBA-011 MBA-021 MBA-031 MBA-041 MBA-051 MBA-061a MBA-061b PAPER Principles and Practices of Management Quantitative Techniques for Managerial Decision Making. Managerial Economics Human Resource Management Accounting for Management Seminar on Executive Communication Workshop on Information Technology for Management CREDITS 4 4 4 4 4 2 2 MARKS 100 100 100 100 100 50 50 TRIMESTER – II CODE MBA-072 MBA-082 MBA-092 MBA-102 MBA-112a MBA-112b PAPER CREDITS Quantitative Methods and Operations Research 4 Economic Environment for Business 4 Production and Operations Management 4 Financial Management 4 Seminar on Negotiation Skills 2 Workshop on Management Information Systems 2 o Introduction to Retail Management (R. Mgt.)* 4 SECTORAL SUBJECT – 1 MARKS 100 100 100 100 50 50 100 o Principles of Banking and Insurance (B & I)* o Introduction to IT and Telecommunications (IT & Tel)* o Introduction to Infrastructure (Infra. Mgt.)* o Industrial Pharmacy and Pharmaceutical Technology (Pharma. Mgt.)* o Hospital Planning and Organization (Hosp. Mgt.)* MBA-122 *R. Mgt= Retail Management; B&I= Banking & Insurance; IT & Tel.= IT & Telecommunication; Infra. Mgt.=Infrastructural Management; Pharma.......

Words: 30662 - Pages: 123

Free Essay

Inspection Report: Private on-Site Sewage System Installation

...Design and Inspection. 12 2.5. Absorption Trenches: Function, Design and Inspection 13 3.0. Conclusion: 16 4.0. References: 18 5.0. Additional Resourses: 19 Introduction: The World Health Organization estimated in 2013 that roughly one-quarter (or 2.4 billion) of the world’s population shall lack access to “Improved Sanitation Facilities” in 2015.(7) Improved Sanitation Facilities are those that help eliminate human contact with sewage, and include flush or pit toilets/latrines and composting toilets.(1) In many regions of the world (even when such facilities are available) untreated sewage is often discharged into drains and streams, due to lack of expensive collection and treatment infrastructure. Thus, surface water surrounding many urban areas in the world remain grossly contaminated with fecal matter, and often contamination seeps into groundwater.(1) Waterborne communicable diseases such as Cholera, Typhoid, Dysentery, Hepatitis A, Schistosomiasis, or Intestinal Nematode infections generally spread through fecal-oral route. Potable water contaminated with untreated sewage poses serious health risks to humans as it can contain different waterborne pathogens (namely bacteria, viruses, protozoa, or parasites).(3) Given that many waterborne pathogens are able to survive in aquatic environments for a long time humans are at risk of exposure to the above-mentioned communicable diseases when they use waterways contaminated with fecal matter for......

Words: 5940 - Pages: 24

Premium Essay

Factor Affecting Employee Motivation

...‫اﻟﻤﺆﺗﻤﺮ اﻟﻌﺮﺑﻲ اﻟﺴﻨﻮي اﻟﺨﺎﻣﺲ ﻓﻲ اﻹدارة‬ ‫اﻹﺑﺪاع واﻟﺘﺠﺪﻳﺪ‬ ‫دور اﻟﻤﺪﻳﺮ اﻟﻌﺮﺑﻲ ﻓﻲ اﻹﺑﺪاع واﻟﺘﻤﻴﺰ‬ ‫ﺷﺮم اﻟﺸﻴﺦ – ﺝﻤﻬﻮرﻳﺔ ﻡﺼﺮ اﻟﻌﺮﺑﻴﺔ‬ ‫72-92 ﻥﻮﻓﻤﺒﺮ )ﺗﺸﺮﻳﻦ ﺛﺎن( 4002‬ ‫-‬ ‫‪Significant conditions in Employees‬‬ ‫‪Empowerment: the Case of Jordanian‬‬ ‫‪four Star hotels‬‬ ‫د. ﻳﺤﻴﻰ ﻡﻠﺤﻢ‬ ‫ﺟﺎﻣﻌﺔ اﻟﻴﺮﻣﻮك‬ ‫اﻟﻤﻤﻠﻜﺔ اﻷردﻥﻴﺔ اﻟﻬﺎﺵﻤﻴﺔ‬ ‫233‬ Abstract Data from 95 frontline hotel employees in 10 four star hotel in Jordan show strong association between three significant conditions (communication and information-flow, incentives, and knowledge and skill) and employee empowerment. The findings in this research suggest that communication and information-flow, incentives, knowledge and skill and autonomy among hotel service-employees may have a direct and strong impact on the empowerment of hotel service employees. These four conditions accounted for significant variation in the levels of employee empowerment in four star hotels in Jordan. Levels of empowerment seem to further impact the level of employee job satisfaction indicating a significant association. Implications for future research and for management practice are discussed. Introduction In a competitive environment in which organizations must be faster, leaner, provide better service quality, be more efficient, and more profitable, an empowered and proactive service worker is thought to be essential (Bowen and Lawer, 1992; Fulford and Enz, 1995; Bowen and Lawler, 1995). However, delegation of authority for a long......

Words: 7427 - Pages: 30

Premium Essay

Eastern

...AN ORGANISATIONAL STUDY AT EASTERN CONDIMENTS PVT LTD: cochin ( Submitted to the kerala University, in partial fulfillment of the requirements for the award of Master of Business Administration) Submitted by; MAYA TV INSTITUTE OF MANAGEMENT AND TECHNOLOGY (Affiliated to Kerala University) Submitted to: Mrs.Deepa (Assistant faculty and mentor for organisational study) OCTOBER 2011 DECLARATION I hereby declare that the dissertation entitled ‘Organization Study at EASTERN CONDIMENTS PVT LTD, KERALA’ submitted to INSTITUTE OF MANAGEMENT AND TECHNOLOGY in partial fulfillment of the requirement for the award of the degree of M.B.A (Master of Business Administration), is a record of original work done by me under the supervision and guidance of Ms.ANN,HR officer , and the project work has not formed the basis for the award for any degree or other similar title to candidate of any university. Place: PUNNAPRA Date:27/10/2011 ACKNOWLEDGEMENT I am deeply indebted to EASTERN CONDIMENTS PVT LTD, for giving me this opportunity to complete my project work in their esteemed organization. I express my gratitude to MR JOHN HR MANAGER for granting me permission to complete my project work at EASTERN CONDIMENTS PVT LTD I am extremely grateful to Ms.ANN,PROJECT GUIDE, for all her guidance, assistance and support. CHAPTER 1 ...

Words: 8170 - Pages: 33

Premium Essay

Sanoop

... HOD Mr. SHANKAR Prof. T.P NAGESH Date: 05/08/2011 Place: CALICUT DEPARTMENT SEAL DECLARATION I KANNAN PRAKASH Reg No: 3511040070 studying in I year MBA program at SRM B-School, SRM University, Vadapalani, Chennai, hereby declare that this project is an original work of mine and I have not verbatim copied / duplicated any material from sources like internet or from print media, excepting some vital company information / statistics, which are provided by the company itself. Signature of the Student Date: 05/08/2011 Place: CALICUT ACKNOWLEDGEMENT With a grateful heart, I like to thank and praise God for his faithfulness and love in my life. First I would like to thank MR.PRAKASH, Manager - Human Resources, SRA Systems Ltd., Chennai., for allowing me to do the Internship project in Kerala soaps ltd., Calicut. I extend my heartfelt thanks to Ms. R. Kavitha, Executive – Marketing manager Kerala soaps Ltd., Calicut. , for her suggestions and proper assistances in various departments and gain a hand on experience in various aspects of management and complete this training full-blown. I sincerely thank Dr. Vasudevan, Dean, SRM...

Words: 9485 - Pages: 38

Premium Essay

Credit Appraisal

...A Project Report On A project study on “BANKING AT HDFC BANK LTD.” Submitted by: XXXXXX XXXXXXX XXXXX University, Mumbai MBA in Banking (Finance) DECLARATION I undersigned XXXXX XXXXX student of MBA 3rd semester declare that I have done the project on “ BASIC BANKING AT HDFC BANK LTD.” has been personally done by me under the guidance of Prof. XXXXX XXXXXXX rajkot in partial fulfillment of MBA Program- during academic year-2008-10. All the data represented in this project is true & correct to the best of my knowledge & belief. I also declare that this project report is my own preparation and not copied from anywhere else. Date 10-7-201X Signature XXXXX XXXXXX Acknowledgement I take this opportunity to express my deep sense of gratitude, thanks and regards towards all of those who have directly or indirectly helped me in the successful completion of this project. I present my sincere thanks to Mr. XXXX XXXX (Branch Manager, bhavngar ) who allowed me to take training at HDFC BANK. I would also like to thank HDFC bank Staff for their wonderful€ support & inspirable guiding. I also thank Prof. XXXX sir XXXX, Rajkot & prof XXXX sir knvibm who has sincerely supported me with the valuable insights into the completion of this project. I am grateful to all faculty members of XXXX rajkot and my friends who have helped me in the successful completion of this project. Last but not the least I am......

Words: 12219 - Pages: 49

Premium Essay

Management Accounting

...MANAGEMENT ACCOUNTING Study Material Prepared By INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA for Junior Accounts Officer(Civil) Examination Conducted By CONTROLLER GENERAL OF ACCOUNTS 1 BASICS OF COST ACCOUNTING 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 ♦ ♦ Evolution of Cost Accounting, Cost Concepts and Cost Classification Introduction Evolution of Cost Accounting Financial Accounting and Cost Accounting Management Accounting Financial, Cost and Management Accounting Cost Concept and Cost Object Cost Management Cost Classification Methods of Costing Techniques of Costing Specific Cost Systems Cost Department and its relationship with other Departments Installation of Costing System Specimen Questions with Answers Test Yourself Page . No 1 1 2 3 4 .5 6 7 10 12 13 14 16 17 18 20 1.0 EVOLUTION OF COST ACCOUNTING, COST CONCEPTS AND COST CLASSIFICATION 1.1 INTRODUCTION Traditionally, cost accounting is considered as the technique and process of ascertaining costs of a given thing. In sixties, the definition of cost accounting was modified as ‘the application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and ascertainment of profitability of goods, or services’. It includes the presentation of information derived therefrom for the purpose of managerial decision making. It clearly emphasises the importance of cost accountancy achieved during the period by using cost concepts in...

Words: 102642 - Pages: 411