Description
SYLLABUS
(1) Human Resource Accounting: An Overview:
- Human Resource Accounting – Meaning, Need and Objectives of HR Accounting.
- Historical Development of Human Resource Accounting.
- Cost of Human Resource – Acquisition Cost, Training and Development Cost and additional Cost.
- Benefits and Limitations of Human Resource Accounting.
- Reporting of Human Resource Accounting at National Levels.
- Disclosures at International Level.
(2) Methods and Human Resource Accounting Practices in India:
- Methods of Human Resource Accounting:
- Cost of Production Approach – Concept:
- Historical Cost Model – Meaning, Advantages and Limitations.
- Replacement Cost Model – Meaning, Advantages and Limitations.
- Opportunity Cost – Meaning, Advantages and Limitations.
- Capitalized Earnings Approach – Concept:
- Economic Value Model – Meaning, Advantages and Limitations.
- Capitalization of Salary – Meaning, Advantages and Limitations.
- Statutory Provisions governing HR accounts.
- Human Resource Accounting Practices in India.
(3) Human Resource Audit: An Overview:
- Human Resource Audit – Meaning, Features, Objectives of HR Audit.
- Benefits and limitations of HR Audit.
- Need and Significance of HR Audit.
- Process of HR Audit.
- Approaches of HR Audit.
- Principles of Effective HR Auditing.
- Role of HR Auditor.
- Methods of conducting HR Audit – Interview, Workshop, Observation, Questionnaire.
- Components of HR Audit.
- HR Audit and Workforce Issues: Workforce Communication and Employee Relations, Performance Management, Compensation System, Teambuilding System.
(4) HR Audit for Legal Compliance and Safe Business Practices:
- Areas covered by HR Audit – Pre-employment Requirements, Hiring Process, New-hire Orientation Process, Workplace Policies and Practices.
- HR Audit as Intervention – Introduction, Effectiveness of Human Resource Development Audit as an Intervention.
- Human Resource Audit and Business Linkages.
- Human Resource Auditing as a Tool of Human Resource Valuation: Introduction, Rationale of Human Resource Valuation and Auditing, Valuation of Human Resources, Issues in Human Capital Measurement and Reporting.
