Problem1. The recognition of human capital by modern businesses has led to the development of Human Resource Accounting (HRA).
a) Describe the following terms:
(i) Human Resource accounting
(ii) Human Capital
b) describe the role of Human Resource Accounting as a helpful tool in measurement and management in organizations.
c) Why is Human Capital an increasingly significant issue?
d) Although human resource has been recognized as significant, there have been many barriers to its valuation. Identify and describe four difficulties in valuation of human capital.