Human Resource Accounting Disclosure Practices in Indian Companies

Human resources with their innate pool of knowledge, skill, leadership, creativity and talent assist companies in achieving their goals. However, the current accounting system is not able to provide the value of human resources. We find human resource accounting (HRA) disclosures to be very low in I...

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Bibliographic Details
Published in:Vision (New Delhi, India) India), 2014-09, Vol.18 (3), p.217-235
Main Authors: Kaur, Surinder, Raman, A. Venkat, Singhania, Monica
Format: Article
Language:English
Subjects:
Accounting procedures
Accounting systems
Annual reports
Decision making
Disclosure
Economic value added
Efficiency
Employees
Financial statements
Human resource accounting
Human resources
Information systems
Investments
Natural resources
Statistical analysis
Stock exchanges
Valuation
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Summary:Human resources with their innate pool of knowledge, skill, leadership, creativity and talent assist companies in achieving their goals. However, the current accounting system is not able to provide the value of human resources. We find human resource accounting (HRA) disclosures to be very low in Indian companies with only five companies reporting HRA in their annual report that is just 1 per cent of the sample set of companies. Furthermore, HRA disclosures that are made by companies are unstructured and inconsistent, and incomparable across companies and industries. Therefore, we examine the extent of HRA measurement and reporting practices of selected Indian companies among the National Stock Exchange S&P CNX 500 companies. We critically analyze these and rank the companies on the basis of the extent of disclosure of HRA information in annual reports of companies.
ISSN:0972-2629
2249-5304
DOI:10.1177/0972262914540227