Human resource costing and accounting (HRCA) is a complex and poorly understood process of accounting. The behavioural impact of HRCA, the many diverging internal forces of an organization, the increasing need of information from the capital market and action from organizations, such as the...

Current financial accounting and reporting systems provide too little information on the kinds of intellectual assets that would appear to be important in a knowledge economy. But there has been little progress in changing financial information, or improving non‐financial information....