Measuring Intellectual Capital Efficiency Based on the Use of Human Resource Accounting
Today, the growing importance of intellectual capital can be recognized by widely use of terms such as intellectual property, scientific capital, scientific organizations, educational organizations, information age and intellectual management. Regardless of capital, technology, equipment, and raw materials, what distinguishes organizations from each other is skilled and efficient human resource, which undoubtedly can be the most important factor in the success or failure of organizations. Therefore, skilled human resources are important for an organization just like its physical assets and investments. On the other hand, modern accounting is accounting of intangible products and assets that are made by these products are mainly intangible assets. What provides the information required to assess human resource criteria, defines human resource functions in achieving the organizational goals, and thereby causes productivity and improvement in the organization is human resource accounting. In this paper, first we provide an overview of knowledge management and intellectual capital, then we evaluate the need for human resource accounting for the efficiency of the organization's intangible assets, as well as measurement methods and models. Finally, some recommendations will be made for the better use of the talent within the organization and the maximum use of the human resources accounting.
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Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)
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