i-manager Publications

HR Accounting – A Mammoth Myth?

Vadassery Gopakumar*, P.T. Raveendran**

* Dean of KMCT School of Business, Kozhikode.

** Professor and Head, Department of Management Studies, Kannur University Palayad, Thalassery.

Periodicity:December - February'2009
DOI : https://doi.org/10.26634/jmgt.3.3.238

Abstract

In knowledge driven economies, it is imperative that human beings be recognized as an integral part of the total worth of an organization. In order to estimate and project the worth of the human capital, Human Resource Accounting (HRM) which denotes the process of quantification and measurement of the Human Resource Capital in an organisation is employed.

Keywords

Human Resource Accounting (HRM), Organisational Culture.

How to Cite this Article?

Vadassery Gopakumar and P.T. Raveendran (2009). HR Accounting - A Mammoth Myth? i-manager’s Journal on Management, 3(3), 18-24. https://doi.org/10.26634/jmgt.3.3.238

References

[1]. Eric G. Flamholtz (1971): A Model for Human Resource Valuation : A Stochastic Process with Service Rewards. The Accounting Review, April.

[2]. Lev B, Schwartz B A (1971): On the Economic Concept of Human Capital in Financial Statements. The Accounting Review, January.

[3]. Likert R. (1971); Human Organizational Measurements: Key to Financial Success”; Michigan Business Review, May 1971, 1-5.

[4]. R.G.Barry Corporation (1971) Annual Report. (Details in Flamholtz 1999) .

[5]. D. Prabhakar Rao (1993), Human Asset Accounting: An Evaluation of the Indian Practices, ASCI Journal Of Management, Vol. 22.

[6]. Eric G. Flamholtz (1999; Third edition) : Human Resource Accounting : Advances in Concepts, Methods and Applications; Kulwer Academic Publishers.

[7].Vadassery G et.al.(2001); HR Accounting - A Strategic Control Tool : A study in Organisations in South India: Asochem Publications , Bangalore, 2001 Ed.

[8]. Karl-Erik Sveiby, (2004), Methods for Measuring Intangible Assets, www.sveiby.com/articles/Intangible Methods. Htm.

[9]. Vadassery.G (2007) ; Asset valuation in HR -a key success factor in HR strategies. Journal on Strategic Management- IIPM, New Delhi , Vol. 33 pp. 22- 26.

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