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The Current Nature of Human Resource Accounting Predicaments
Dr. N. Sundaram , Cherian Thomas
Human Resource Accounting was developed in 1691. It was developed once human resource was
recognized as an asset. Each asset has an investment to be made and companies were unaware about how
much it had invested in brining human resources to work. Even if that was an initial step in accounting
human resources, it has not covered the entire gamut. There are several industries and companies that are
yet to implement Human Resource Accounting in India, since it is not mandatory as per law.