Human resource accounting (HRA) is a new branch of accounting. It follows the traditional concept that all expenditure on human capital formation is charged against income for the period because it does not create any physical assets. The modern view is that costs incurred on any asset as human resources should be capitalized because they provide measurable benefits in monetary terms. Measuring the cost and value of people to organizations is very important, the costs incurred in recruiting, selecting, hiring, training and developing employees and their economic values ​​are very relevant to accounting for people. human resources. The American Accounting Society on HRA defines HRA as follows: Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay “It is the process of identifying, measuring human resource data and communicating this information to interested parties.” HRA is the measurement and quantification of organizational human inputs such as recruitment, training, experience and communications. It is the art of valuing, recording and presenting the work of all human resources in the accounts of an organization. It is a system for reporting changes in an organization's human resources. Like any audit, human resource audit is also a systematic formal process, designed to examine the strategies, policies, procedures, documentation, structure, systems and practices with respect to human resource management of the organization. It systematically and scientifically evaluates the strengths, limitations and development needs of existing human resources from the broader perspective of improving organizational performance. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get Custom EssayHuman Resource Accounting (HRA) is a new branch of accounting. It follows the traditional concept that all expenditure on human capital formation is charged against income for the period because it does not create any physical assets. The modern view is that costs incurred on any asset as human resources should be capitalized because they provide measurable benefits in monetary terms. Measuring the cost and value of people to organizations is very important, the costs incurred in recruiting, selecting, hiring, training and developing employees and their economic values ​​are very relevant to accounting for people. human resources. The American Accounting Society on HRA defines HRA as follows: It is the art of valuing, recording and presenting the work of all human resources in the accounts of an organization. relevant to a wide variety of decisions made by external and internal users. Human capital accounting is an explicit recognition of the principle that people are valuable organizational resources and an integral part of a resource base. This study will be useful to different users of accounting information for their daily decision-making...