IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v1y2022i2p121-130.html
   My bibliography  Save this article

An Overview Of Romanian Accountants Regarding The Introduction Of Human Capital In Financial Statements

Author

Listed:
  • Ana-Maria COCARIU

    (Accounting, Accounting Doctoral School, Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Human capital is an indispensable element that strongly contributes to the success and performance of organizations, being considered the most valuable resource of companies. This study aims to bring to the fore the development of human capital and, at the same time, to identify the position of accounting experts regarding the quantification of human capital and how this measurement can contribute to obtaining a more accurate and faithful picture of the financial position of the company. Therefore, to achieve these objectives, a survey was created that was distributed to the members of the Body of Expert and Licensed Accountants of Romania (C.E.C.C.A.R.), thus obtaining a number of 139 responses. The results show that 122 of the respondents consider it necessary to quantify human capital to present the company’s image in a more accurate and realistic way. At the same time, 80 of these respondents do not consider that, once human capital is measured, it should be included in the financial statements, respectively in the balance sheet. This paper can provide an updated picture of the point of view of accounting professionals who have participated in the research on human capital, but also a starting point for the future steps of entrepreneurs in terms of human capital development, outlining new directions of development of professionals in the field. Also, this paper may be of interest to the institutions that regulate the relevant professions in the financial-accounting field, to outline new directions in the measurement and evaluation of human capital.

Suggested Citation

  • Ana-Maria COCARIU, 2022. "An Overview Of Romanian Accountants Regarding The Introduction Of Human Capital In Financial Statements," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(2), pages 121-130, December.
    • Handle: RePEc:ora:journl:v:1:y:2022:i:2:p:121-130
    as

    Download full text from publisher

    File URL: http://anale.steconomiceuoradea.ro/volume/2022/n2/012.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lenihan, Helena & McGuirk, Helen & Murphy, Kevin R., 2019. "Driving innovation: Public policy and human capital," Research Policy, Elsevier, vol. 48(9), pages 1-1.
    2. Gary S. Becker, 1994. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition," NBER Books, National Bureau of Economic Research, Inc, number beck94-1, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maciej Jagódka & Małgorzata Snarska, 2021. "The State of Human Capital and Innovativeness of Polish Voivodships in 2004–2018," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    2. Marina Dabić & Jane Maley & Leo-Paul Dana & Ivan Novak & Massimiliano M. Pellegrini & Andrea Caputo, 2020. "Pathways of SME internationalization: a bibliometric and systematic review," Small Business Economics, Springer, vol. 55(3), pages 705-725, October.
    3. Samuel O. Okafor & Kenneth Jegbefumwen & Olisaemeka D. Maduka & Ambrose C. Okeke, 2016. "A Three-Factor Model of Inclusive, Sustainable and Resilient Economic Development for Developing Countries," Applied Economics and Finance, Redfame publishing, vol. 3(4), pages 57-72, November.
    4. Klaus Jaffe, 2015. "Agent based simulations visualize Adam Smith's invisible hand by solving Friedrich Hayek's Economic Calculus," Papers 1509.04264, arXiv.org, revised Nov 2015.
    5. Emiel L. Eijdenberg & Kathrin Borner, 2017. "The Performance Of Subsistence Entrepreneurs In Tanzania’S Informal Economy," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-22, March.
    6. Alexander Rojas & Douglas Molina-Orjuela & Laura Peña-Rodríguez & Andrea Hernández-Quirama & Mauricio Rojas-Betancur & Claudia Amaya-Castellanos & Laura A. Rodríguez-Villamizar & Alvaro J. Idrovo, 2023. "Contrary Perceptions of Environmental Health and the Governance of the Bucaramanga Metropolitan Area, Colombia," IJERPH, MDPI, vol. 20(19), pages 1-13, September.
    7. repec:thr:techub:10014:y:2020:i:1:p:471-482 is not listed on IDEAS
    8. Charles Ka Yui Leung & Joe Cho Yiu Ng & Edward Tang, 2020. "Why is the Hong Kong Housing Market Unaffordable? Some Stylized Facts and Estimations," Globalization Institute Working Papers 380, Federal Reserve Bank of Dallas.
    9. Luis Armando Galvis-Aponte & Carlos Alberto Alba-Fajardo, 2016. "Dinámica de la pobreza en Colombia: vulnerabilidad, exclusión y mecanismos de escape," Documentos de trabajo sobre Economía Regional y Urbana 244, Banco de la Republica de Colombia.
    10. Galina Besstremyannaya & Sergei Golovan, 2023. "Measuring heterogeneity in hospital productivity: a quantile regression approach," Journal of Productivity Analysis, Springer, vol. 59(1), pages 15-43, February.
    11. Clemens Noelke & Daniel Horn, 2011. "Social Transformation and the Transition from Vocational Education to Work," Budapest Working Papers on the Labour Market 1105, Institute of Economics, Centre for Economic and Regional Studies.
    12. Emmanuel Duguet & Rémi Le Gall & Yannick L’Horty & Pascale Petit, 2018. "How does labour market history influence the access to hiring interviews?," International Journal of Manpower, Emerald Group Publishing Limited, vol. 39(4), pages 519-533, July.
    13. Eleni Giouli & Pisinas Yorgos & Anna-Maria Kanzola, 2021. "Human Capital and Production Structure: Evidence from Greece," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 7, January -.
    14. Pedros Silos & Eric Smith, 2015. "Human Capital Portfolios," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 635-652, July.
    15. Cirillo, Valeria & Fanti, Lucrezia & Mina, Andrea & Ricci, Andrea, 2023. "The adoption of digital technologies: Investment, skills, work organisation," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 89-105.
    16. Gruber, Lloyd & Kosack, Stephen, 2014. "The tertiary tilt: education and inequality in the developing world," LSE Research Online Documents on Economics 54202, London School of Economics and Political Science, LSE Library.
    17. Min Zhang & Yinan Qi & Hangfei Guo, 2017. "Impacts of intellectual capital on process innovation and mass customisation capability: direct and mediating effects," International Journal of Production Research, Taylor & Francis Journals, vol. 55(23), pages 6971-6983, December.
    18. Soriano, Franklin A. & Villano, Renato A. & Fleming, Euan M. & Battese, George E., 2018. "What’s driving innovation in small businesses in Australia? The case of the food industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(1), October.
    19. Anna Baranowska-Rataj & Xavier de Luna & Anneli Ivarsson, 2016. "Does the number of siblings affect health in midlife? Evidence from the Swedish Prescribed Drug Register," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 35(43), pages 1259-1302.
    20. Elena Cristina Cernătescu & Andra-Nicoleta Ploscaru & Marian Cazacu, 2020. "Research on the Impact of Training and Personal Development on Individual and Organizational Performance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 619-623, December.
    21. Christoph March & Ina Schieferdecker, 2021. "Technological Sovereignty as Ability, Not Autarky," CESifo Working Paper Series 9139, CESifo.

    More about this item

    Keywords

    human capital development; human capital quantification; human capital in financial statements; human capital measurement challenges.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:1:y:2022:i:2:p:121-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.