Efficacy of Human Resource Accounting Information in Managerial Decision Making- Review of Extant Literature

Abstract

Human Resource Accounting is the process of measuring the cost and value of human resources to an organization and presenting the information in a significant manner in the financial statements to communicate their value with changes over the period and results obtained from their utilization to the different stakeholders. It mainly caters to the information need of the HR professionals, senior managers and investors for making effective decisions. The main objective of this study is to identify the usefulness of the human resource accounting information in managerial decision making on the basis of the review of extant literature. Further, attempt has been made to identify the future research areas in the field of human resource accounting