A Study On Accounting Of Human Asset V/S Physical assets

Abstract

The term Human resource shows the total of all the components such as skills, creative abilities, innovative thinking, intuition, imagination, knowledge and also experience possessed by all the people. Fortunately or unfortunately, till now generally accepted system of accounting this important asset, viz., the human resources or asset has not been evolved. In view, organizations are giving more importance to methods of performance management, training and development appraisal and rewards,etc. the employees. The basic objective and findings of the paper is to study on comparative analysis of Human Resources accounting practices, to identify the issues and challenges in respect of physical assets and lastly, to give suggestions on the basis of findings of the study for enhancing managerial capability of person who are working to the organization.