Human Capital Development and Organizational Dynamics: The Role of the Accountant

13 Pages Posted: 5 Nov 2015

See all articles by Madumere Ifeanyi

Madumere Ifeanyi

Federal University Otuoke

Seth Accra Jaja

Rivers State University of Science and Technology (RSUST)

Date Written: November 5, 2015

Abstract

Human capital development is an important resource that organizations need to develop to in order to gain competitive advantage. This very important factor which is gathering wider momentum globally has no place in financial reports of organizations. In carrying out this study, literature on human capital development and organizational dynamics: the Role of the Accountant, were extensively reviewed. Two hypotheses were proposed and data were collected via the use of questionnaire from 200 companies from oil servicing and manufacturing firms in Port Harcourt; Rivers State of Nigeria and subsequently analyzed using Spearman Rank Correlation Coefficient and Chi-square statistical tools. Based on the analyses, the following findings emerged; that cost of trainings is not properly recognized in the accounts, and that training opportunity is not properly disseminated. Based on the findings we recommend among others that: the cost of trainings should not be dispensed in the income statement but should be capitalized and depreciated overtime for at least five years; that training programme should be included in the organization’s annual budget plan since increased human capital increases organizational growth in terms of market shares, profitability and fixed assets.

Keywords: Human Capital, Organizational Dynamics, Profitability, Accountant, Income Statement

Suggested Citation

Ifeanyi, Madumere and Jaja, Seth Accra, Human Capital Development and Organizational Dynamics: The Role of the Accountant (November 5, 2015). Available at SSRN: https://ssrn.com/abstract=2686461 or http://dx.doi.org/10.2139/ssrn.2686461

Madumere Ifeanyi (Contact Author)

Federal University Otuoke ( email )

Otuoke
Ogbia

Seth Accra Jaja

Rivers State University of Science and Technology (RSUST)

PMB 5080
Nkpolu-Oroworukwo
Port Harcourt, Rivers State 500001
Nigeria

Register to save articles to
your library

Register

Paper statistics

Downloads
62
rank
330,056
Abstract Views
418
PlumX