Application of acquisition cost model of human resource accounting: A case study

The real strength of an organization lies in the quality of its human resources. It is through combined efforts of the human force of the company that the monetary and physical resources are best utilized to achieve organizational objective. Any other resources can be useful only to an extent. The human resource is able to put it into use for most effective purpose. Thus human resource is the most valuable assets for any organization. However, the conventional system of accounting does not provide the required information on the cost and value of the employees to the enterprise.