THE ECONOMIC NATURE OF HUMAN CAPITAL AND ITS RECOGNITION IN ACCOUNTING AS AN OBJECT OF ECONOMIC ANALYSIS
DOI:
https://doi.org/10.5281/zenodo.19785278Ключевые слова:
human capital, accounting, management accounting, economic analysis, intangible asset, ROHCI.Аннотация
This study examines the economic nature of human capital and its role as an object of economic
analysis. Human capital is considered a key factor of economic growth, encompassing knowledge, skills, and
competencies; its proper understanding is crucial for national economic competitiveness and efficiency. In
accounting, the qualitative components of human capital are increasingly being analysed to understand their
impact on socio-economic development. While human capital is viewed as a strategic resource, traditional
accounting systems often struggle to capture its value, primarily treating related expenditures as current
expenses rather than long-term investments. This study explores theoretical approaches to human capital
recognition. The results indicate that incorporating human capital into accounting frameworks via management
accounting methods—specifically through the Return on Human Capital Investment (ROHCI) metric—can
improve decision-making and the assessment of operational efficiency
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