Introduction:

Human Resources are the

Human Resource Accounting
most
success or
character
failure
of
of an
organisation val uabl
the people who are mainly rdepends
e esour ces of any
on the orgarisation. The
organisationssemploy different
ofthe job / work. In educational classesempl ofoyed in
workers
the
or ganiqual
satioity
n., calibre and
accordi n g to the Dif erent
work, are responsible for the
work and efforts are not overallinstdevel
itutions, teachers,
o pment of the
who put inreaquilotrement
of hards
inthe Balance Sheet of the
assigned any monetary value andstudent s.
not shown
But, their hard
corporate sector, the concerned
directors, considerededucatas ional institution. anywhere
responsible to make any vital the pillars of the Similarty, in
earning capacity of the decisions on various
aspects so as tocompany, are
company. The potential investor are enhance the
their hard earnedImoney in those
companies where willing to invest
Unfortunately, the contributions of directors eminent directors are present.
towards development of company
are not accounted and not given a place in this Balance
Cren in ndian History, the ontributions of great leaders likesheet of the company.
Mabatma Gandhi.
Roar Vallabhbhai Patel and.Jawaharlal Nehru can not be forgotten in the freedom
movement of India. But no one made efforts to assign any monetary value to
Such individuals in the Balance Sheet of the Nation. So, human elements are
completely ignored while recording the transactions in the books of accounts.
Unless the efforts and contributions of people are measured in terms of money. it
is not possible to understand the real value of human beings present in the
organisation. In order toascertain the value of human beings,'Humana new system of
which is popularly known as Resource
accountinghas been evolved
Accounting' (HRA).
Meaning ofHRA 'organisationalresource". It involves
for people as an
HRA refers to accounting and otherorganisationsto
business firms
recruit,
measuring the costs incurred by
assets'. It also includes measuring the
train and develop 'human both the internalandexternal
Select, hire, organisations. Itserves
value of peopleto with relevant data on which to
cConomic management (internal users),
Ses, providing