Putting the asset value of skills on the balance sheet

Emerald - Tập 11 Số 7 - Trang 16-20 - 1996
KieranSheedy‐Gohil1
1Senior Consultant, Price Waterhouse Management Consultancy, London, UK

Tóm tắt

Reviews previous approaches to putting a financial value on skills (human resource accounting) and offers an explanation for their very limited success. Proposes a new method of measuring an organization’s skills in financial terms which will allow the asset value of skills to be included in the balance sheet. Proposes new variants of traditional financial measures (AUR and ROCE) incorporating an asset value of skills. Models the effects of the proposals on a skills‐intensive business showing how performance improvements can be detected which a traditional balance sheet, omitting skill assets, would not reflect.

Từ khóa


Tài liệu tham khảo

1Handy, C., “What is a company for”, Beyond Certainty, Random House, London, 1995.

2Lev, B. and Schwartz, A., “On the use of the economic concept of human capital in financial statements”, Accounting Review, Vol. 46 No. 1, 1971, p. 103.

3Flamholtz, E., “A model for human resource valuation: a stochastic process with service rewards”, Accounting Review, Vol. 46 No. 2, 1971, pp. 253‐67.

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Thông tin xuất bản

Emerald

Tập 11 Số 7

16-20

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