Hra for Educational Institutions
HUMAN RESOURCE ACCOUNTING IN EDUCATIONAL INSTITUTIONS
Abstract
This paper is an attempt to capture the Human Resources Accounting essentials of B-Schools. It is immensely difficult to account the resources institutions in which profit and productivity depend heavily on intangible assets. We generally stand perplexed to measure the worth of any intangible resource. This attempt becomes much more complex in the case of knowledge carriers and intellectuals.
Intellectual capital has become to be an accounting component since a decade and more now. It is an attempt to quantify the investment in the intellectual and knowledge resources and evaluate their future value, thereby giving a fair understanding of the total worth of an organization. Unlike other tangible resources, the individual worth of intellectual assets is anticipated to either not depreciate or in the worst cases fall at a rate lower than the tangible assets.
The objective is quantifying and accounting for Human Assets in an academic institution. The most popular technique used in investment decision making, i.e.; Net Present Value (NPV) is applied here. Human resources in such institutions involve teaching professionals and others that are engaged in admissions, placement, course design and others.
The Survey method is applied to facilitate identification of the factors to be considered.
Introduction
““Human resources are the greatest assets of any company. You can raise tariffs or prevent MNCs from entering, but one can 't stop the employees from leaving if they are dissatisfied.” – Narayana Murthy, Founder of Infosys Technologies.
This quotation signifies the extent to which leading corporations value their human resources. They treat them as the most powerful assets and find good reason to work towards their satisfaction. The best companies in the world are those that realize the worth of their employees and continue to invest in them towards their growth and development. This is a
Abstract
This paper is an attempt to capture the Human Resources Accounting essentials of B-Schools. It is immensely difficult to account the resources institutions in which profit and productivity depend heavily on intangible assets. We generally stand perplexed to measure the worth of any intangible resource. This attempt becomes much more complex in the case of knowledge carriers and intellectuals.
Intellectual capital has become to be an accounting component since a decade and more now. It is an attempt to quantify the investment in the intellectual and knowledge resources and evaluate their future value, thereby giving a fair understanding of the total worth of an organization. Unlike other tangible resources, the individual worth of intellectual assets is anticipated to either not depreciate or in the worst cases fall at a rate lower than the tangible assets.
The objective is quantifying and accounting for Human Assets in an academic institution. The most popular technique used in investment decision making, i.e.; Net Present Value (NPV) is applied here. Human resources in such institutions involve teaching professionals and others that are engaged in admissions, placement, course design and others.
The Survey method is applied to facilitate identification of the factors to be considered.
Introduction
““Human resources are the greatest assets of any company. You can raise tariffs or prevent MNCs from entering, but one can 't stop the employees from leaving if they are dissatisfied.” – Narayana Murthy, Founder of Infosys Technologies.
This quotation signifies the extent to which leading corporations value their human resources. They treat them as the most powerful assets and find good reason to work towards their satisfaction. The best companies in the world are those that realize the worth of their employees and continue to invest in them towards their growth and development. This is a
References: 1. American Accounting Association Committee of Accounting for Human Resources, Report Of the Committee on Human Resource Accounting, 1973, The Accounting review Supplement to vol 2. Archel, P.: Activos intangibles: análisis de lagunas partidas polémicas, Revista técnica del Instituto de Censores Jurados de Cuentas de España, 7, 1995 3. Armstrong, M.: A Handbook of Human Resource Management, Kogan Page, London, 2001 Firm, Journal of Management, 17, 1, 1991 7