Human Resource Accounting Disclosure Practices In India: A Case Study Of Hindustan Petroleum Corporation Limited (HPCL)
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Abstract
Human Resource Accounting (HRA) is a new concept and essential step in accounting which plays a vital role in evaluating and recording human assets. HRA is principally similar to financial accounting, which deals with the costs of assets (land, building, machinery, etc.). Still, HRA reflects the price and value of HRs as capital, not as expenses of an organization (Mahajan, 2015). In affluent nations, it is common for firms to report the HRV in their annual reports. But in India, the concept of HRA is still relatively new. The present study focused on the accounting and disclosure practices of human assets at Hindustan Petroleum Corporation Limited. HPCL has emphasised its human resources more significantly and considers them valued resources in its business. This study highlighted that the corporation giving importance to its employees treats them as financial Assets and comprehensively discloses the value of human assets in its annual report.