The field of accounting is rapidly evolving, with a significant shift towards recognizing human capital as a vital asset and strategic contributor to organizational success. In today’s business environment, valuing human resources is essential for sustainable growth. This course aligns with the evolving role of accountants and auditors, who now assess the value and impact of a company’s human capital, beyond traditional financial scrutiny. The emphasis on environmental, social, and governance (ESG) factors in corporate reporting highlights the need to consider human resources in organizational sustainability.
Integrated Reporting Frameworks, which encourage companies to provide a comprehensive view of performance by including human, social, and intellectual capitals, are becoming increasingly popular. Human Resource Accounting and Auditing support this trend by quantifying and reporting the value of human resources, offering stakeholders a holistic understanding of an organization’s overall health and future potential.
Employment prospects in Human Resource Accounting and Auditing are rising. Professionals in this field are in high demand in both traditional accounting and specialized human resource management roles. As businesses recognize the benefits of diverse and inclusive workplaces, these professionals play a crucial role in aligning human resource practices with DEI (Diversity, Equity, and Inclusion) objectives, enhancing the reputation and sustainability of organizations.
This course prepares professionals for the future of accounting and business, aligning with the evolving roles of accountants and auditors, improving employment prospects, and equipping learners with skills in financial acumen, data analytics, strategic thinking, and human resource management.
Contents –
1. Human Resource Accounting
1.1 Introduction and Meaning of Human Resource Accounting
1.2 Development of the Concept of Human Resource Accounting
1.3 Historical Score Card of Human Resource Accounting
1.4 Meaning and Definition of Human Resource Accounting
1.5 Importance of Human Resource Accounting
1.6 Objectives of Human Resource Accounting
1.7 Limitations of Human Resource Accounting
1.8 History and Development of Human Resource Accounting (HRA) in India
1.9 Significance of Human Resource Accounting (HRA) in India
1.10 Human Resource as an Assets
Questions
2. Human Resource Depreciation System
2.1 Concept of Human Resource Depreciation System
2.2 Definition – Human Resource Depreciation System
2.3 Factors Contributing to Human Resource Depreciation
2.4 Measurement Methods
2.5 Implications for Organizations
2.6 Benefits of Addressing Depreciation
2.7 Challenges and Future Directions
2.8 Absenteeism
2.9 Strikes and Lockouts
2.10 Labour Turnover
2.11 Skill Obsolescence
2.12 Industrial Accident’s and Hazards
Questions
3. Economic Models to Measure Human Resource
3.1 Introduction
3.2 Measurement of Human Value Addition into Money Value
3.3 Challenges in Human Resource Accounting
3.4 Approaches to Human Resource Accounting
3.5 Replacement Cost Approach in Human Resource Accounting (HRA)
3.6 Opportunity Cost Model in Human Resource Accounting (HRA)
3.7 Standard Cost Method in Human Resource Accounting (HRA)
Questions
4. Human Resource Audit
4.1 Introduction – Human Resource Audit
4.2 Basic information on Human Resource Audit
4.3 Objectives of Human Resource (HR) Audit
4.4 Scope of Human Resource (HR) Audit
4.5 Role of HR Auditor: Detailed Explanation
4.6 Importance of HR Audit
4.7 Records Used for HR Audit: Detailed Explanation
4.8 Procedure for Conducting HR Audit
4.9 Essential Steps in HR Auditing Process
4.10 HR Audit Checklist
4.11 HR Audit Data Collection and Analysis
4.12 Introduction to HR Audit Report
4.13 HR Audit Report: Case Study of Tech Innovators Pvt. Ltd.
Questions
