Committee on Human Resource Accounting.

Abstract The article presents a report of the Committee on Human Resource Accounting of the American Accounting Association as of October 1973, which aimed to deal with the major issues posed by human resource accounting. Although a few companies have pioneered the development and implementation of accounting for investments in human resources, a great deal of future research is required in this area. Research is needed to develop systems in different types of industries and determine the general liability of models and methods used. The basic research need in the area of human resource valuation is for empirical testing of proposed methods. In other words, ills necessary to test the reliability and validity of proposed methods for measuring human resource value. A major area of future research is the need to assess the reliability and validity of models and methods developed by measuring the original and replacement cost of human resources.