Human Resource Accounting Study

With the rapid development of the world economy, the economic structure has changed greatly. With increasing proportion of hi-tech enterprises, the influence of them has become more and more prominent. The competition among enterprises is relying much more on knowledge and technology. As the carrier of knowledge and technology, talented personnel are playing an active role in the development of firms, and as a result, human resource has become "the first resource" of businesses over the knowledge economy times. Because of the seriously competitive situation, enterprises emphasize in owning talented personnel and training them, and they also strengthen the management of human resource because enterprises need a large amount of information on human resource to make their effective decisions. In traditional accounting, the data related to human resource cost scattered in many accounts, meanwhile, traditional accounting has not calculate the value of human resource, the authority of human resource, etc. so it cannot meet the needs of parties concerned on human resource information. To solve this problem, it is necessary to carry out calculation on human resource cost accounting. This paper deals with three models of accounting — human resource cost accounting, human resource value accounting, and human resource authority accounting. By the analysis of these three models, the paper has a new approach to designing accounting model accounts of human resource cost accounting. Because there are so many means of measuring the value of human resource with money, the suggestion is that it should normalize the calculation of human resource value accounting. This paper also discusses about how to calculate human labor capital according to the importance of human resource and other key things in production in the process of creating wealth together with the shares of material capital. Finally, this essay presents the author's idea on the application of human resource accounting to practice.