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It allow organization t keep accurate of its total employee$it diffrentiate d total overhead cost$runing cost of an organization$order t avoid wastages

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What is human resource accounting?

Human resource accounting is process of identifying, measuring and communicating the human resources investment and contributions which the conventional accounting have not taken care of in the financial statement. It is the quantification of the cast and value of employees to an organization.


Scope of human resource accounting?

Human resource accounting usually involves the management of payroll, benefits and bonuses. Accounts receivable and accounts payable are usually handled by the operations department.


What are the subfields of accounting?

1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting


What is the relationship between human resource department and accounting department?

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Advantages of human resources accounting?

There are so many advantages of human resources accounting. The main advantages include evaluation of effectiveness, gives a true state of the company and sheds light on strengths and weaknesses among others.


Objectives of Human Resource Accounting?

==Answer==Main objective s of human resource accounting are:Improve management by analyzing investment in human resource.To consider human resource as an asset.Attract and retain qualified people.Profile the organization in financial terms


What are the various advantages and disadvantages of conducting Human Resource Planning within an organization?

The advantages of conducting human resource planning is that it increases the efficiency of the organization and management of human resources. The disadvantage is that it can be extremely time consuming and costly.


What are the advantages of Human Resources Planning?

-setting the strategic direction -designing the human resource management system -planning the total workforce -generating the required human resource -investing in human resource developing and performance


What are the advantages of the resources?

-setting the strategic direction -designing the human resource management system -planning the total workforce -generating the required human resource -investing in human resource developing and performance


What has the author Katie R Schneider written?

Katie R. Schneider has written: 'Human resource accounting' -- subject(s): Accounting, Bibliography, Human capital, Personnel management


What are advantages and disadvantages of branch accounting?

advantages of branch accounting


What is environmental and natural resource accounting?

Natural resource accounting is an systematic process of analysing and formulating the natural resource depletion. In other words it is an accounting for natural resources similar to profit and loss i.e. harmful effect to the environment and natural resources versus the steps taken or benefits prevented from the human efforts to the environment. Hence, human uses the natural resources and that is why is accountable for the sustainable development of the environment.