Podcast
Questions and Answers
What is the primary reason why valuing human resources is considered unrealistic?
What is the primary reason why valuing human resources is considered unrealistic?
- Human resources are not capable of being owned
- There are no specific and clear cut guidelines for 'cost' and 'value' of human resources
- There is a fear that HRA may dehumanize and manipulate employees
- The period of existence of human resources is uncertain (correct)
What is the objective of human resource accounting?
What is the objective of human resource accounting?
- To increase the productivity of employees
- To design training modules
- To make decisions on the basis of efficiency (correct)
- To reward employees
What is the primary significance of human resource accounting?
What is the primary significance of human resource accounting?
- To increase the income of the organization
- To reduce the cost of human resources
- To design training modules
- To manage human resources as valuable assets (correct)
What is the limitation of present valuation systems?
What is the limitation of present valuation systems?
What is the acquisition cost related to?
What is the acquisition cost related to?
What is the yield generated by human resources?
What is the yield generated by human resources?
What is the primary concept that the opportunity cost approach is based on?
What is the primary concept that the opportunity cost approach is based on?
Who first advocated the opportunity cost approach?
Who first advocated the opportunity cost approach?
What is a limitation of the opportunity cost approach?
What is a limitation of the opportunity cost approach?
What is an advantage of the opportunity cost approach?
What is an advantage of the opportunity cost approach?
What is another name for the opportunity cost approach?
What is another name for the opportunity cost approach?
Who suggested the standard cost approach?
Who suggested the standard cost approach?
What is the primary focus of the statutory provisions in the Factories Act 1948?
What is the primary focus of the statutory provisions in the Factories Act 1948?
What are the two types of costs under the human resource accounting approach?
What are the two types of costs under the human resource accounting approach?
What is the main objective of HR value accounting?
What is the main objective of HR value accounting?
What is the main advantage of the historical cost approach?
What is the main advantage of the historical cost approach?
What is the basis of the historical cost approach in HR cost accounting?
What is the basis of the historical cost approach in HR cost accounting?
What is one of the provisions related to the health of workers in the Factories Act 1948?
What is one of the provisions related to the health of workers in the Factories Act 1948?
What is a limitation of the historical cost approach?
What is a limitation of the historical cost approach?
Who developed the replacement cost approach?
Who developed the replacement cost approach?
What is the name of the model used to calculate the future value of employees?
What is the name of the model used to calculate the future value of employees?
What is an advantage of the replacement cost approach?
What is an advantage of the replacement cost approach?
What is the purpose of HR cost accounting?
What is the purpose of HR cost accounting?
What is a limitation of the replacement cost approach?
What is a limitation of the replacement cost approach?
What is the primary purpose of categorizing employees based on their hierarchical positions in standard cost method?
What is the primary purpose of categorizing employees based on their hierarchical positions in standard cost method?
What is a limitation of using standard cost method for valuing human resources?
What is a limitation of using standard cost method for valuing human resources?
What is the main advantage of using the standard cost method for valuing human resources?
What is the main advantage of using the standard cost method for valuing human resources?
What is the purpose of determining the total earnings that each group will receive up to retirement age in the Lev and Schwartz approach?
What is the purpose of determining the total earnings that each group will receive up to retirement age in the Lev and Schwartz approach?
What is the significance of discounting the total earnings at the cost of capital in the Lev and Schwartz approach?
What is the significance of discounting the total earnings at the cost of capital in the Lev and Schwartz approach?
What is the final step in the Lev and Schwartz approach for valuing human resources?
What is the final step in the Lev and Schwartz approach for valuing human resources?
