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SHINIL.K
Accounting for the human resources deals
with the measurement of costs which are
associated with
recruiting, selecting, training, placing and
developing
the employees of an organization. This also
involves
measuring the present economic value of human
resources to an organization.
American Accounting Association has defined
Human Resource Accounting (HRA) “as a
process of identifying and measuring data
about human resources and communicating
this information to the interested parties”.
1. It helps in giving valuable information to the
management for effective planning and managing
human resources.