Published Paper Details:

Human Resource Accounting (HRA) is of recent origin and is major issue for research and analysis in management. Human resource has always been taken as a 'soft and light issue' whose contribution generally can not be measured in monetary terms. Human resource is the vital input of any organization in this era of globalization, as it pulls on all other physical and financial assets and resources towards the achievement of organizational goals. HRA is a process of identifying and measuring data about human resource and communicating this information to interested parties. Therefore, it is an attempt to identify and report investment made in resources of an organization that are not presently accounted for under conventional accounting practices. Even today, when a good deal of work has been done in this field, it is very much unfortunate that there is not only set pattern or generally accepted method either for valuation of human resource or for their recording in books of accounts. Most of the Indian organizations do not value their human resources and plans to implement valuation of human resources are at a very early stage. In order to show greater progress, more needs to be done at both the theoretical and practical level. More search into valuation methods and models, and the practical implication of these, is needed together with the engagement of both human resource and accounting professionals in the debate on valuation and its implementation in practice. The present study focuses on approaches and various Human Resource Valuation models.