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Journal of Business & Economics Research Second Quarter 2014Volume 12, Number 2Human Asset Accounting And Measurement: Moving Forward Brian B. Stank, Loyola University of Chicago, USA Thomas L. Seller,
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Human asset accounting is the process of quantifying and reporting the value of human resources within an organization.
Companies or organizations that want to accurately measure the value of their workforce and its impact on their financial performance are required to file human asset accounting.
Human asset accounting can be filled out by collecting data on employee skills, experience, training, and performance, and then assessing their impact on the organization's overall success.
The purpose of human asset accounting is to provide insights into the value of the organization's human capital and help in making informed decisions about workforce management and development.
Information such as employee turnover rates, training costs, productivity levels, and the impact of human capital on financial performance must be reported on human asset accounting.
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