Measurement Models of Human Resource Accounting: With especial reference to Indian Companies HR Practices

This study is investigating to provide the existing measurement models especially within Indian companies, thus allowing the existence of means for making decisions, monitor the effectual use of human asset and assign the value of people to Indian companies.

Through analysis of various scientific literatures in the area of accounting, the researcher intend to group the several models used in measuring human asset in order to provide the means for measuring the many users of information. The study provides a most clear integrated framework and measures of forms of human asset accounting to guide and inform future scholars. Indian corporate and researchers have shown interest in Human Resource Accounting (HRA) and the Lev and Schwartz model was the popular and adopted with a little modification by Indian companies in India. Although, none of the Indian regulatory authorities has issued proper guidelines for valuation and reporting of human resources and its accounting and this might have created obstacles in the development of HRA practices in India.