Objectives of Human Resource Accounting
- To furnish cost value information for making proper and effective management decisions about acquiring, allocating developing and maintaining human resources in order to achieve cost effective organisational objectives.
- To monitor effectively the use of human resources by the management.
- To have an analysis of the Human Asset, i.e. whether such assets are conserved, depleted or appreciated.
- To aid in the development of management principles and proper decision making for the future by classifying financial consequences of various practices.
It is one of the latest mode of accounting technique (s)
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