Question

select the most appropriate research approach,

2. determine the unit of analysis,

3. choose the most appropriate data collection method to be adopted or adapted (where necessary) and describe the process in detail, including the instrument and measurement to be used, the sampling technique and data collection method, and

4. Outline the procedures of analysing the data.

THE TOPIC OF RESEARCH IS HUMAN RESOURCE ACCOUNTING

Answer 1

Human Resource Accounting – Unit of analysis , collection of data , valuation of data , method of cost analysis etc. Valuation of Human Resource ( HR) is an improvement in the business reporting along with the basic financial statements .

Financial statement are the only source to get information about the resources of an organization and its performance .

Human resources normally not considered under Traditional accounting system, This was noticed and express by Behaviour Science. In the year of 1950 , it was highlighted that significance of HRA in enhancing the organization performance .

As per American Accounting Association, the process of identifying and measuring data about HR and communicating this information to the Interest parties .

Under difference report provides different insight about HR . HR in the organization requires the attention in order to achieve corporate objectives of the firm .

The HR accounting is primarily involved in measuring the various aspects relates to Human Asses. It is basic purpose is to facilitate the effective management of HR by providing information to acquiring , develop , retain ,utilize, and finally evaluate human resources .

More specific objectives of HR accounting are as follows :

1. Provided cost value date for managerial decision regarding acquiring , developing , allocation and maintaining HR – cost effective
2. Information for determining the status of human asset

Major method of valuation of HR include –Historical cost , replacement cost , Standard cost approach

Company also use Present value of future earnings – in this model , the future earnings of various groups of employees are estimated up to the of their retirement.

Company also follow Acquisition cost Method –under this method , cost incurred in recruiting , hiring and induction of employees are taken in account. This process involves capitalization of historical cost

Under Economic value added method-includes following steps:

1. Estimated future benefits
2. Ascertaining the present value of such benefits by using an appropriate Interest