human reources

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This topic contains 2 replies, has 3 voices, and was last updated by Avatar of egrek Anonymous 2 years, 11 months ago.

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  • June 18, 2010 at 9:34 am #44722
    Avatar of kamran_bsh
    kamran_bsh
    Member

    Are human resources considered as an asset?

    July 2, 2010 at 5:13 am #64708
    Avatar of 1mtiaz
    1mtiaz
    Member

    In definition of Hr it can be..However, as of July 2, 2010 you cannot quantify human resources in the Statement of Financial Positions as per accounting standards or accounting concepts. However, there is great debate about quantifying human resources from the service industry… Hope it helps

    July 2, 2010 at 2:49 pm #64709
    Avatar of egrek
    Anonymous

    As 1mtiaz says, they are in real life, but not in financial terms.

    The only exception I can think of is they would (likely) be a part of a company’s goodwill if someone were to buy the company.

    Alternatively – you have no complete control over them, they can quit at any time, or die? They could not come into work etc. Therefore you can’t recognise them as don’t control them enough.

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