Conclusion:
However until now, the efforts are to be made in gaining popularity in the application of
human resource accounting. The concept of human resource accounting is yet to gain momentum
in India. For the betterment of the organizations, it is necessary to evaluate the worth of Human
Resources in a systematic manner and record the information related to them in the financial
statement of the organization to communicate their worth time to time to the users of the
financial statement. The HRA concept itself represents a new way of thinking about people as
assets. It has a great potential for future organization to understand the value of human forces
and the same should mentioned in the financial statements.
Reference:
Report & website
• 1.American Accounting Association. A Statement of Basic Accoun