HR Audit and Accounting
HR AUDIT & ACCOUNTING – SYLLABUS
BBA/BCom. – 3rd YEAR – SEMESTER – V/VI
UNIT I : HUMAN RESOURCE ACCOUNTING
An Overview of Human Resource Accounting – Meaning, need and Objectives of HR Accounting, Historical Development of Human Resource Accounting, Cost of Human Resource – Acquisition Cost, Training and Development Cost and Additional Cost, Benefits and Limitations of Human Resource Accounting, Reporting of Human Resource Accounting at National Levels, Disclosures at International Level
UNIT – II : METHODS & HR ACCOUNTING PRACTICES IN INDIA
Methods of Human Resource Accounting: Cost of Production Approach – Concept Historical Cost Model – Meaning, Advantages and Limitations. Replacement Cost Model – Meaning, Advantages and Limitations. Opportunity Cost – Meaning, Advantages and Limitations Capitalized Earnings Approach – Concept Economic Value Model – Meaning, Advantages and Limitations. Capitalization of Salary – Meaning, Advantages and Limitations
UNIT-III : HUMAN RESOURCE AUDIT: AN OVERVIEW
Human Resource Audit – Meaning, Features, Objectives -HR Audit, Benefits and Limitations of HR Audit, Need and Significance of HR Audit, Process of HR Audit, Approaches of HR Audit, Principles of Effective HR Auditing, Role of HR Auditor, Methods of Conducting HR Audit – Interview, Workshop, Observation, Questionnaire, Components of HR Audit, HR Audit and Workforce Issues: Workforce Communication and Employee Relations, Performance Management, Compensation System, Teambuilding System.
UNIT-IV : HR AUDIT FOR LEGAL COMPLIANCE AND SAFE BUSINESS PRACTICES
Areas Covered by HR Audit – Pre-employment Requirements, Hiring Process, New-hire Orientation Process, Workplace Policies and Practices
UNIT-V : AUDIT AS INTERVENTION
Introduction, Effectiveness of Human Resource Development Audit as an Intervention – Human Resource Audit and Business Linkages – Human Resource Auditing as a Tool of Human Resource Valuation: Introduction, Rationale of Human Resource Valuation and Auditing, Valuation of Human Resources, Issues in Human Capital Measurement and Reporting.