A Dynamic Practice of Human Resource Accounting (HRA) for Financial Sustainability of Developing Nations: A Study on Bangladesh

International Journal of Business Society, Vol 1, Issue 1, 2015, p. 14-20; DOI: 10.30566/ijo-bs.2015.78

7 Pages Posted: 20 Aug 2018 Last revised: 20 Jan 2019

See all articles by Bablu Kumar Dhar

Bablu Kumar Dhar

Daffodil International University; Yantai University; Universiti Sains Islam Malaysia (USIM)

Hoque Muzammel Mohammed

University of Science and Technology Chittagong (USTC) - Faculty of Business Administration

Date Written: February 28, 2015

Abstract

Human resource is the combination of individuals who make up the overall workforce of an institution, organization or economy. The financial sustainability of developing nations is truly depending on the accurate valuation of this vital resource. The main objectives of the study are(i) evaluate the method of presenting HRA information in the annual financial statements(ii) determine HRA methods and models, mainly the substantial use of Lev & Schwartz model, and (iii) unearth the relation with the other accounting variables for the purpose of human financial reporting. Both Primary and secondary date have been used in the present study. Secondary data have been collected through perusal of existing literature viz, research works, relevant articles, annual reports and web sites. Primary data have been collected through questionnaire method. Relevant data have been collected from 6 reputed organizations of Bangladesh. This study has demonstrated the vast use of Lev & Schwartz Model of HRA, in spite of other criticized models, from different sides regarding its applicability. The study also depicts the applicability in wide variety of organization of such model especially in some public and private sectors. The paper recommends that HRA should be absorbed by the government and policy maker along with other professional & accounting bodies at national and international levels for the valuation and reporting standards of valuable asset, Human.

Keywords: Human Resource, Financial Sustainability, Developing Nations, Human Capital, Lev & Schwartz Model, Human Resource Accounting

JEL Classification: O15, Q01

Suggested Citation

Dhar, Bablu Kumar and Mohammed, Hoque Muzammel, A Dynamic Practice of Human Resource Accounting (HRA) for Financial Sustainability of Developing Nations: A Study on Bangladesh (February 28, 2015). International Journal of Business Society, Vol 1, Issue 1, 2015, p. 14-20; DOI: 10.30566/ijo-bs.2015.78, Available at SSRN: https://ssrn.com/abstract=3227980 or http://dx.doi.org/10.2139/ssrn.3227980

Bablu Kumar Dhar (Contact Author)

Daffodil International University ( email )

102 Shukrabad, Mirpur Road
Dhanmondi, Dhaka-1207
Bangladesh

Yantai University ( email )

Universiti Sains Islam Malaysia (USIM) ( email )

Bandar Baru Nilai
Nilai, Negeri Sembilan 71800
Malaysia

HOME PAGE: http://https://www.researchgate.net/profile/Bablu_Dhar2/contributions?ev=prf_act

Hoque Muzammel Mohammed

University of Science and Technology Chittagong (USTC) - Faculty of Business Administration ( email )

Chittagong, 4202
Bangladesh

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