Methods of Human Resource Accounting
Approaches to Human resource accounting was first developed 1691; the next stage was during 1691-1960, and third phase post-1960. There are two approaches to HRA. Under the cost approach, also called human resource cost accounting method or model, there is a) Acquisition cost model and b)replacement cost model. Under the value approach there are a) present value of future earnings method, b) discounted future wage model, c) competitive bidding model.
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