Not only are employees an organization's most important asset, but their value and contributions to the organization's financial success can be accounted for and disclosed to users of accounting information. The authors argue persuasively for better accounting strategy in the human resource context, then identify three ways to implement it: 1) through human resource accounting, disclosable in annual reports; 2) through employee reporting; and 3) the application of value-added reporting which reveals the contribution that labor makes to the firm's wealth. The result is a unique, timely guide, presented in a way that management professionals, as well as academicians and researchers, can understand and apply.
Explains how the contribution of employees to their organization's bottom lime can be measured and then reported to users of accounting information, in ways they will understand and appreciate.
PrefaceHuman Resource AccountingAppendix 1: "Conceptualizing and Measuring the Economic Effectiveness of Human Resource Activities"Employee ReportingValue Added Reporting and Human Resource ValuationAssessing the Effectiveness of Human Resource Valuation PracticesAppendix 4: Performance on Human Resource ActivitiesImplementation of Human Resource ValuationIndex