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Human Resources Accounting - Accounting For The Most Valuable Asset Of An Enterprise

Author

Listed:
  • 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)

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.

Suggested Citation

  • Vatasoiu Cristian Ionel & Cornescu Alina & Motoniu Ioan Dumitru, 2010. "Human Resources Accounting - Accounting For The Most Valuable Asset Of An Enterprise," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 925-931, December.
  • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:925-931
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/147.pdf
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    More about this item

    Keywords

    Human Resources Accounting; human capital; knowledge; intangible assets; Lev & Schwartz model;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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