Awareness of Human Resource Accounting in Ghana: Evidence from Tertiary Students
- January 3, 2022
- Posted by: RSIS
- Categories: Accounting, IJRISS
International Journal of Research and Innovation in Social Science (IJRISS) | Volume V, Issue XII, December 2021 | ISSN 2454–6186
Awareness of Human Resource Accounting in Ghana: Evidence from Tertiary Students
Philip Opoku
Department of Accounting & Finance, Valley View University-Ghana
Abstract: This paper focused on the awareness of Human Resource Accounting among Tertiary students in the Greater Accra Region of Ghana. Quantitative research approach was used in the study. The study used convenient sampling technique to select 20 Tertiary Institution among the 37 topnotch and highly rated tertiary institutions in Ghana and distributed self-contracted questionnaire among 300 students from the sampled Tertiary Institutions, out of which 200 were retrieved, only 180 was valid for further analysis. Inferential statistics were used to analyze the data through Statistical Product and Service Solutions (SPSS, 20.0) software. Results showed that there is 83% level of awareness of Human Resource Accounting among tertiary students in the greater Accra Region of Ghana. The findings implies that even though there is an awareness among tertiary students, the understanding on Human resource accounting is limited. Judging from the findings the researcher recommends that Human Resource Accounting should be encapsulated into the courses of studies for Commerce, Management studies and other Finance related programs at the various tertiary institution.
I. INTRODUCTION
The Accounting Profession is now evolving worldwide from the normal financial statement reporting to a comprehensive statement that inculcates financial and non-financial elements. This kind of reporting enhances and projects organisations’ image to be socially responsible.
According to Mohammed, Bhatti, Jariko & Zehri (2013), to ensure any organisation’s growth and development, employee efficiency must be accounted for in the financial statement. Notwithstanding this, other areas of an organisation cannot be operationally effective without human involvement. Human behavior such as group loyalty, skill, motivation, and capacity for successful interaction, communication, and decision-making mark the survival of every organization (Collings, 2015).
An organisation’s resources are categorized into men, materials, machinery, money, and processes. These resources can be grouped into two main categories: animate and inanimate. Human resources, sometimes known as men, are believed to be animate resources. Materials, machines, money, and procedures, come under the inanimate or physical resources (Wardani, 2017).
