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Human Resource Accounting (HRA) is the process of allocating and measuring data about Human resources and reporting this information to the interested parties. It is a new branch of accounting.It involves measurement of the cost and value of people to organization. The activity involved in human resource accounting is to know the cost invested for employees, payment of salaries and various other benefits. Earlier human resource accounting was just limited for the service sector. But as service sector has gained much relevance that companies in all sectors have applied it and these reports are given priority while making any company analysis. Students who are looking for Human resource accounting shall refer to Human Resource Accounting Assignment Help which provides a basis knowledge and depth idea about HRA.
The objectives of human resource accounting given in Human Resource Accounting Assignment Help are
• Cost information is furnished in order to make management decisions about allocating, maintaining and developing human resource.
• The management personnel are allowed to monitor the use of human resources.
• Effective basis for human asset control is provided.
• Helps in the development of management principles.
• It is helpful to the investors interested in making long term investments in service sector companies.
• Helps the organization in decision making.
• Helps in effective utilization of manpower.
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The advantages of human resource accounting given in Human Resource Accounting Assignment Help are
• Helps to check the corporate plan of an organization. The corporate includes diversification, expansion, technical growth, etc.
• Training and development process is carried out in order to enhance the scope of advancement and development of employees in an organization.
• It helps to bring high returns to the organization by acknowledging the human involvement in the organization.
• Employee contribution is improved by taking various steps. Contribution here refers to the increased productivity.
• Different methods of testing can be used by the help of human resource accounting. An example of this method is interview technique which is adopted in the selection process.
• It checks whether the organization has right person employed for the right job.
• Individual employee is inspired for promotion and various better benefits.
The methods of human resource accounting given in Human Resource Accounting Assignment Help are
- The models of human resource accounting can be classified into two models
1. Cost Based Models
The cost based model is further divided into three types, they are
• Capitalization of historical cost models
• Replacement cost model
• Opportunity cost model
2. Value Base Models
- The value based model is further divided into three types, they are
• Present value of future earnings model
• Reward Valuation Model
• Valuation on group basis
Features of Human Resource Accounting Assignment Help are
Clients looking for Human Resource Accounting Assignment Help from us can expect a few pros and traits
• Human Resource Subject is widely sought.
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• Data for the subject is checked thoroughly.
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