CRITICAL EVALUATION OF HUMAN RESOURCE ACCOUNTING IN A PUBLIC SECTOR ENTITY IN INDIA
Keywords:
ANOVA Test, Analysis, Human Resource AccountingAbstract
The language of business is accounting. All the business transactions are presented in books of accounts
as per the accounting rules stated under GAAP and ICAI which help businesses to function smoothly.
It focuses on reporting the effects of management decisions and provides a clear picture of the business
to the public/stakeholders. Most of the physical and financial transactions which are in monetary terms
are well accounted in the financial statement. In the past few years, research scholars opened a new
discipline of accounting that focuses on human resources and hence named it Human Resource
Accounting. Human Resource Accounting (HRA) is the practice of quantifying and reporting the cost
of human resources in a business organization. It involves measuring and recognizing the costs and
benefits associated with human capital, including recruitment, training, development, and retention of
employees. This research paper deals with the ANOVA test to prove the hypothesis considered by the
author about human resource accounting in the sample enterprises. For this study a sample of 5 public
sector organizations is undertaken. The sample companies are SAIL, BHEL, NTPC, HPCL, and
MMTC. Out of the five sample organizations, except MMTC all organizations are awarded the status
of MAHARATNA by the Government of India and MMTC is awarded MINIRATNA by the
Government of India. All these organizations have adopted the Lev and Schwartz Model with some
amendments.
References
Paton, William A., "Accounting Theory", Accounting Studies Press Ltd., Chicago, 1962.
Hekimian, James S., and Curtis H. Jones, " Put People on your Balance Sheet", Harward
Business Review, January-February, 1967. pp.105-1 13.
Schwan, E.S., "The Effect of HRA Data on Financial Decisions: An Empirical Test",
Accounting, Organisation and Society, 1976.
Ogan, P., "Human Resource Value Model For Professional Service organisations". The
Accounting Review, April, 1976.
Kenneth P.Sinelair, Journal of Managerial Issues, Vol. 3, No. 3 (November 1991), pp. 319-334
Dinesh K. Gupta,, "Valuation of Intellectual Assets and Human Resource Accounting" , The
Management Accountant, Vol.32, March, 1997.
Dr. Sandeep (April 2012) "Human Resource Evaluation: The Indian Experience" in
International Journal of Management And Review Volume2/issue 4/Article No.1/459-464, ISSN no.
-7196
Priem, "Shortage of Executives Starts Was For Talent", The Management Accountant, March,
www.charteredclub.com
www.econpapers.repec.org
www.icai.org
www.mca.gov.in
www.ijsr.net
www.eajournals.org
www.ijsrst.com www.researchoptimus.com
www.worldwidejournals.com
Annual Reports:
i.Annual Report of SAIL (2018-2022)
ii.Annual Report of BHEL (2018-2022)
iii.Annual Report of NTPC (2018-2022)
iv.Annual Report of HPCL (2018-2022)
v.Annual Report of MMTC (2018-2022