Reflections on the progress in accounting for people and some observations on the prospects for a more successful future

PurposeThe paper celebrates the fiftieth anniversary of the publication of Flamholtz’s seminal paper on the Human Resource Accounting approach to taking people into account, providing a critical review of its progress since that time and offering some thoughts on how the project might now be benefic...

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Bibliographic Details
Published in:Accounting, auditing & accountability journal auditing & accountability journal, 2020-11, Vol.33 (8), p.1791-1813
Main Authors: Flamholtz, Eric G, Johanson, Ulf, Roslender, Robin
Format: Article
Language:English
Subjects:
Accounting
Accounting theory
Balance sheets
Current cost accounting
Employees
Human capital
Human resource accounting
Initiatives
Management accounting
Prospects
Valuation
Value creation
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Summary:PurposeThe paper celebrates the fiftieth anniversary of the publication of Flamholtz’s seminal paper on the Human Resource Accounting approach to taking people into account, providing a critical review of its progress since that time and offering some thoughts on how the project might now be beneficially shaped.Design/methodology/approachThe paper provides an authoritative review of the progress of the accounting for people project to date.FindingsThe continuing exploration of how it might be possible to take people into account is identified to be entering a new and exciting phase.Research limitations/implicationsThe authors readily acknowledge that what the paper provides is an account of the evolution of the accounting for people field, which they argue is currently extending into a new and important phase relating to employee health and wellbeing.Originality/valueThe paper’s principal contribution lies in bringing together three authors who have made significant contributions to the topic of accounting for people over the past 50 years.
ISSN:0951-3574
1758-4205
DOI:10.1108/AAAJ-02-2019-3904