• Dr. Raj A. Soshte

Human resource is the most vital part of any organization, as it exists between financial and all other physical resources towards the achievement of organizational objectives and goals. It is highly complicated in the today’s market find well knowledge, coached, and highly motivated people. Human resource is one of the most important back office operations of any organization or business. Their skills, creativity, ability human cannot be replaced by machines. We can lose efficiency in work if no qualitative people. At all levels and areas of the business or firm human efficiency is required with machine efficiency. Human can work without machine but machine can’t. Hence, industry like advertising and direct marketing for instance human talent is more valuable among other else. Conventionally, financial assets are accounted in the books of accounts as per the general principles of accounting, but do not count the human asset. Although many efforts have been made by many thinkers in this arena, a proper/appropriate and fully validated model of performance based on accounting in the Indian context is not yet available. The past few decades have witnessed a global transition from manufacturing to service based economies. Though, Human Resource Accounting (HRA) was introduced way back in1980s, it started gaining popularity in India recently. This paper highlights the objectives and process of HRA in the Indian context. The basic objective of the paper is to study the Human Resources Accounting, to identify the issues and challenges, to examine these issues and challenges and lastly, to give suggestions based on the findings of the study.

Human resources accounting, human resource valuation, cost, model etc.

"Human Resource Accounting Practice in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 2, page no.120-132, February-2024, Available :http://www.jetir.org/papers/JETIRGC06015.pdf

"Human Resource Accounting Practice in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 2, page no. pp120-132, February-2024, Available at : http://www.jetir.org/papers/JETIRGC06015.pdf