Research On Approaches To The Implementation Of Human Resource Accounting In China

As a new Accounting branch, human resource accounting is the application of accounting procedures and practices in monetary and non-monetary ways to account and organize the cost and value of resources as human resources, including human resource cost accounting, human resource value accounting and human resource rights and interests of laborers accounting three basic models.Human resource accounting can accurately reflect the true financial position and income results, help managers to make correct decisions, strengthen internal management to provide information on human resources. Human resource accounting is also the effective tools for government departments and related investors, creditors and other stockholders to get a better understanding of enterprises. The implementation of Human Resource Accounting in China has important strategic and practical significance for giving voice to China's era of the knowledge-based economy challenges, strengthening the country's external economic relations, optimizing the allocation of human resources, strengthening internal management and building the core competitiveness of enterprises, making up the mistakes of the traditional accounting system. So it is necessary to apply the current human resource accounting in our country.Since the beginning of reform and opening up, China's academic conducted in-depth research on the theories of human resource accounting. On the practical level, we have focused on strengthening the political, economic, administrative, legal and social environment that are conducive to the human resource accounting. The primary human resource market has been building up. China's traditional system of accounting has been made a series of reforms and amendments. All of above have created favorable conditions for the implementation of human resource accounting in China so that it is feasible to apply the human resource accounting in China.Even though there are some difficulties in the implementation of human resource accounting, such as the obstacle of the notion, accounting recognizing and recording, accounting information disclosure, and accounting procedures, these difficulties can be resolved in a certain extent. At the same time, we must continuously update scientific understanding of the concept of human resource accounting, further strengthen theoretical study on human resource accounting, carry out experiment units in human resource accounting, improve the overall quality of accountants, and strengthen the environment which is beneficial to the human resource accounting. So we can expect and meet the full implementation of human resources accounting in China.