Human Resources Accounting: Literature, Concept, Criteria and Measurement Models

Human resource accounting is a controversial approach in accounting and can be considered as a combination of two areas: accounting and human resource management, which is rooted in economic and psychological theories. In this paper, historical background, conceptual framework, criteria and models of human resources accounting measurement are reviewed along with a couples of significant dimensions, after addressing the necessity of accounting for human resources in organization, through definitions and conceptual differences as well as empirical literature. The research design is a targeted study via literature review regarding to the critical aspects of the important developments in human resource accounting. It is worth noting that despite considering relevant literature, it is obvious that researchers fail to provide a precise and comprehensive model for measuring human resources, and this issue remains still controversial. As a result, establishing continuous engagement in interdisciplinary research with an emphasis on accounting, management and economics is emphasized for better understanding of human resource accounting.