what is human resource accounting?

Answer 1

sounds like payroll

Answer 2

Human resource accounting (HRA) as an approach was originally defined as the process of identifying, measuring and communicating information about human resources in order to facilitate effective management within an organisation. It is an extension of the accounting principles of matching costs and revenues and of organising data to communicate relevant information in financial terms.

The accounting of human resources can be seen as just as much a question of philosophy as of technique. This is one of the reasons behind the variety of approaches and is further underlined by the broad range of purposes for which accounting human resources can be used, e.g. as an information tool for internal and/or external use (employees, customers, investors, etc.), and as a decision-making tool for human resource management (investments in human resources as well as personnel management in general).

Answer 3

It the theory (and in some cases the act) of assigning a balance sheet asset value to the employees. Many firms will say that "our main asset is our people," which is very true! But, GAAP doesn't support this type of valuation on a company's balance sheet, mostly because of history as well as the inability to have set methodologies for same. Some countries, such as India, can use this type of balance sheet asset.

Answer 4

Probably writing payroll, taxes, etc for employees of the company.

Answer 5

I believe it is the measuring of productivity of a worker or a group of workers

Answer 6

It is payroll, but it's also keeping track of insurance policies, and benefits and all that stuff.