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Objectives of HR Accounting

Started by Suraya Yasmen, September 28, 2018, 11:23:16 PM

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Suraya Yasmen

September 28, 2018, 11:23:16 PM
Objectives of HR Accounting

The human resource process was established to fulfill a number of objectives within the organisation. These include:

    1)To furnish cost value information for making proper and effective management decisions about acquiring, allocating, developing, and maintaining human resources in order to achieve cost effective organizational objectives.
    2)To monitor effectively the use of human resources by the management.
    3)To have an analysis of the Human Asset, i.e. whether such assets are conserved, depleted, or appreciated.
    4)To aid in the development of management principles and proper decision making for the future, by classifying financial consequences of various practices.

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