Treatment of Employee

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January 19, 2011 at 3:32 pm #47207
WikkiACCA
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IS employee an asset of a company ?? If YES then why don’t we treat them according to IAS 16 or IAS 38 ?? and if NO then why NO ??
January 26, 2011 at 6:24 pm #76492
MikeLittle
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No, because the employer does not control the employee – he / she can leave their employment at any time. Therefore, because control is absent, an emloyee does not satisfy the definition of an asset ( see the Framework for the definition – or look at OT course notes )
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