A common misconception about human resource accounting (HRA) is that it focuses narrowly upon financial accounting, that its purpose is to reflect the asset value of people on financial statements. The major purpose of HRA is to provide concepts and measurements to facilitate the effective and efficient management of human resources. It, therefore, represents a management accounting development.
Ansari, Shahid L. and Flamholtz, Diana Troik
"Management science and the development of human resource accounting,"
Accounting Historians Journal: Vol. 5
, Article 2.
Available at: https://egrove.olemiss.edu/aah_journal/vol5/iss2/2