HRA Practices: An Indian Panorama (Published)
Despite the importance of human resources to the prosperity of corporate cannot be denied in corporate pronouncements, but excepting a few cases, it does not find proper place in the traditional accounting practices prevalent in India mainly due to insufficiency of their quantification. In a developing country like India with abundant human resources, paying inadequate attention and keeping their contribution outside the financial status of corporate sector evidence the lack of transparency in books of accounts. With the advent of scientific management with emphasis on quantitative methodology to make rational use of all resources, this paper makes an attempt to examine the scope of HRA or Human Resource Accounting practices as well as its usefulness in decision making for the management of corporate sector in India. Reviewing human resource accounting leads to furtherance of human resources development.
Human Resource Accounting and Financial Performance of Firms in Nigeria: Evidence from Selected Listed Firms on the Nigerian Stock Exchange (Published)
The study investigated human resource accounting and financial performance of firms in Nigerian. The specific objective of the study is to determine the extent to which human resource influence the firms’ profit after tax, total revenue and net asset. The hypotheses formulated were tested at 5% level of significance using SPSS software and multiple regression analysis as the statistical tool. The result revealed that PBC has significant and positive impact on the PAT, while there is a negative impact on the Net Asset. The research therefore concludes that human resources contribution to the financial growth of firms cannot be overemphasized. Firms should have the culture of training, developing and motivating the personnel to put in their best for the financial growth of their organizations. Providing them with infrastructures and a conducive working environment could reduce the rate of job turnover being experienced among firms
Human Resource Costs and Financial Performance: Evidence from Selected Listed Firms In Nigeria. (Published)
There is general lack of quantification and disclosure of human assets in domestic and international financial reports, and this appears to depress public assessment of the financial performance and value of firms. This study investigated the effect of human resource costs on the financial performance of firms in Nigerian. The specific objective is to determine the extent to which investments in human resources influence profit after tax and turnover of firms in Nigeria. Secondary data on relevant financial variables were extracted from published financial statements of ten selected listed firms in Nigeria. The OLS technique was employed in analyzing the data and the results indicate that personnel benefit costs have positive and significant effect on Profitability, explaining about 73.9% of the variations in Profit After Tax of firms in Nigeria. The results however reveal no significant effect of Personnel Benefit Costs on firm turnover. The paper therefore concludes that investments in human resources have positive trade-off effects on profitability and growth of firms and recommends greater commitment to manpower development and training, while providing proper infrastructures and conducive working environment to enhance the capacity of employees to drive positive improvements in corporate financial performance.
THE IMPACT OF HUMAN RESOURCE ACCOUNTING ON THE PROFITABILITY OF A FIRM: EMPIRICAL EVIDENCE FROM ACCESS BANK OF NIGERIA PLC (Published)
The crux of the study was to examine the impact of human resource accounting on the profitability of Access Bank of Nigeria Plc, from 2003 to 2012. Using the ordinary least square analytical technique, secondary data from Access Bank of Nigeria Plc were obtained. Findings revealed that there is a positive relationship between the indicators of human resource cost (training cost, development cost and number of staff) and the profit of the organization (Access Bank Plc). It was also discovered that there was a significant relationship between training cost, development cost and the profit of the bank. However, the number of staff does not have a significant effect on profit of the bank. Nonetheless, organizational performance is dependent upon the performance of the individuals that make up the organization. That is, organization does not exist in a vacuum; there are people (employees) who may work together towards achieving its goal. It was therefore recommended inter alia that; organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment. Also, accounting standard board should incorporate their accounting standard for the valuation and disclosure of human resource accounting.