Task1. The recognition of the human capital by modern businesses has led to development of Human Resource Accounting (HRA).
Required:
Question1. Describe the following terms:
(i) Human Resource Accounting
(ii) Human Capital
Question2. Explain the role of Human Resource Accounting as a useful instrument in measurement and management in an organisation.
Question3. Why is Human Capital an increasingly significant issue?
Question4. Although human resource has been recognised as significant, there have been many barriers to its valuation. Determine and explain four difficulties in valuation of human capital.