Question

"can you please explain to us why human capital is related to the financial balance sheet?”
“Following on from that, in your opinion, should human capital be included in the financial balance sheet? And are there any perspectives that contradict your view?”
“Finally, has your perspective changed since the peer review? If so, how has the correspondence from your peers influenced this change?”

Answer 1

Ans.1. Human Capital is related to the financial balance sheet because Human capital is considered as an intangible assets and is not recorded in financial balance sheet of any organisation. A organisation does not give any value to their human resources.

Ans.2.As per my opinion, human capital should be included in the financial balance sheet. In order to overcome this problem, many organisation find out new alternatives course of action in which they have started using Human resource Accounting to determine and measure the value of human resources.It also gives inputs to the organisation regarding new employment, utilising of human resources etc.

On the other hand, I will explain the prespectives that contradict my view. To maintain the Human Resource Accounting, it requires time,cost, resources etc. It is better to not to maintain the Human resource Accounting.

Ans.3. No, I am stick with my prespective because Human capital is the essential resources of any organisation. We have to maintain the Human resources Accounting in a deliberate Manner.