Research On Theory And Practice Of Human Resource Accounting

In the era of knowledge economy, human resources are becoming the main driving factor for an enterprise in the process of creating values. As a result, human beings are being paid more and more attention as a kind of resources. So far in practice, some principles like "talent" and "people first" are just reflected subjectively and human resources are not quantified as an important factor of accounting. However, the reality of many examples continues to ask questions and request the solutions, so it is realistic and meaningful to establish both Justified and operational human resources accounting theory and methods. The practicality and importance of human resource accounting are gradually highlighted, establishing and implementing human resource accounting is imperative. However, there is no well-established system and method of human resources accounting currently. The traditional accounting standards differ much from human resource accounting. Accounting serves for socio-economic development. Human resources is playing play an increasing role in the socio-economic, unfortunately, the important resources has not been reflected in the accounting. As a result, constructing a new type of human resources accounting theory and system is imperative.This article is divided to seven chapters and the chapters are as follows.Chapter 1: IntroductionThis chapter introduces the research background and significance of study, research methods, research on the status quo, as well as problems to be solved through research.Chapter 2: analysis of Human resources accounting theoryThis chapter expands on the need of establishing human resourcing accounting, and also, it analyzes the concepts related to human resources accounting, such as human resources, human assets, human capital, as well as the basic concepts and fundamental characteristics of the three. Chapter 3: the assets property of human resourcesThis chapter analyzes the possibility of defining human resources as an accounting asset from the four properties of assets, which is also the basis of human resource accounting.Chapter 4: the measurement of the cost of human resourcesThis chapter analyzes the concept and composition of human resource costs. It also introduces three methods of measuring the cost of human resources.Chapter 5: the measurement of the value of human resourcesThis chapter explains the connotation and measurement methods of the value of human resources, like Non-monetary measurement methods and monetary measurement methods.Chapter 6: the accounts settings and accounting of human resources accountingThis chapter describes the accounts settings and the basic accounting treatments.Chapter 7: A case studyThe main contributions of this paper are as below:1. It constructs a new accounting system of human resource accounting.2. It adds human resources information to accounting statements, which provides more adequate information for decision-making.In the future it is necessary to examine the issue of expansion from human resourcing accounting to human capital accounting and how the human capital involved the distribution of corporate earnings.