• Dr. Renuka Sagar

Human resource accounting (HRA) has very high significance not only for the management, but also for analyst and even for employees. It helps management in better utilization, planning management of human resources in the organization while for analyst, Even today, when a good deal of work has been done in this field, it is very much unfortunate that there is not only set pattern or generally accepted method either for valuation of human resource or for their recording in books of accounts or for the disclosure of information by means of different statements. HRA is struggling for acceptance. It is clearly said that. Human resources accounting is as accounting measurement system and a large body of literature has been published in the last Five decades setting for the various procedures for measurement. In the era of Globalization of economy, organizations are considering their employees as “Human Capital' ' Human Capital' (HC) refers to the features such as knowledge, skills, attitude, creativity, aptitude, and commitment possessed by employees of an organization. Thus, employees become as key success factors of competitive advantage and long term sustainability. According to resource-based as well the knowledge-based theory, success of contemporary organizations is no longer attributable exclusively to material capital but rather to intangible assets such as human capital. Hence, human capital is the core driving force for sustainable competitive advantage. Their skills, creativity, and ability cannot be replaced by machines. The Companies can lose efficiency in work in the absence of quality people. The present study highlights the significance of Human Capital valuation and methods to measures human assets value. The paper also describes Emerging Practices across Organizations India and how they have tried to implement human capital accounting" people are now realizing that their intangible assets are worth much more than their tangible ones. Now an attempt is being made to put a value to these intangibles, and to bring these hidden values to book."

Human Resource Accounting, Indian Human Resource Practices, Lev and Schwartz model, Human assets, , valuation of human resource

"HUMAN RESOURCE ACCOUNTING (HRA): A Strategic Approach to Corporate Excellence", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.374-383, March-2019, Available :http://www.jetir.org/papers/JETIR1903N47.pdf

"HUMAN RESOURCE ACCOUNTING (HRA): A Strategic Approach to Corporate Excellence", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp374-383, March-2019, Available at : http://www.jetir.org/papers/JETIR1903N47.pdf