Representation of Human Resources in The Accounting System: Methods and Applications

Authors : Fatih Ömür Binici

Pages : 365-379

Doi:10.29216/ueip.1508914

View : 103 | Download : 103

Publication Date : 2024-10-25

Article Type : Research Paper

Abstract :The rapid development and progress of the knowledge-based economy has increased the importance of human resources as a key factor in determining the overall value of companies. However, traditional accounting methods have difficulty in accurately reflecting the true value of such intangible assets. In this context, the study aims to examine how human capital, which is becoming increasingly important for companies, can be represented in accounting systems and the limitations of current accounting standards. The study discusses controversial issues and problems related to human capital accounting practices and presents sample applications. It concludes that, under TPL/GCIAS and standards, expenditure on human resources by enterprises should be expensed in the period in which it is incurred, rather than capitalized, because human resources are not considered intangible assets.
Keywords : Muhasebe, İnsan Kaynakları Muhasebesi, BOBİ FRS, KÜMİ FRS