REPORTING HUMAN ASSET IN PuBLISHED FINANCIAL STATEMENTS
| dc.creator | Eriabie, Sylvester O., Osikhena, Ogiedu Killian | |
| dc.date | 2008-06 | |
| dc.date.accessioned | 2025-04-01T14:51:36Z | |
| dc.description | This paper f ocuses on reporting human asset in published financial statements. The need is necessitated by the failure of the prevailing accounting practice to recognize human resource, normally acknowledged to be the most important asset of an organization, in the balance sheet as an asset, but rather the expenditure relating thereto (recruitment and training cost, wages and salaries) are simply expensed in the profit and loss account. This is considered as an anomaly, to the extent that this resource has value, which exceeds the expensed amount. A more valid treatment of human resources is to reflect it as an asset in the balance sheet taking into consideration that it has future economic benefits extending beyond the current period. The finding of the study was that human asset was considered by the. respondents to be the most important asset. Respondents were, therefore, in favour of disclosing both quantitative and qualitative information about human asset in the published financial statements. | |
| dc.format | application/pdf | |
| dc.identifier | http://eprints.covenantuniversity.edu.ng/10219/ | |
| dc.identifier.uri | https://repository.covenantuniversity.edu.ng/handle/123456789/39576 | |
| dc.language | en | |
| dc.publisher | Department OfBanking & Finance University of Benin Benin City | |
| dc.subject | HF Commerce, HF5601 Accounting | |
| dc.title | REPORTING HUMAN ASSET IN PuBLISHED FINANCIAL STATEMENTS | |
| dc.type | Article |
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