6 Human Capital Accounting: A Contribution to Innovation Management or a Fairy Tale?
Abstract: Since the 1970s human capital accounting (HCA) has been a promising contribution to management, namely from a management control perspective. Most managers hold very positive attitudes towards HCA, but the integration of HCA in the management control process has never really been attained, much less in financial accounting and reporting. In this chapter, the role played by HCA within organizational performance is discussed, namely where it concerns measuring, reporting and controlling human capital.
Management practices have undergone many innovations. Companies have been downsized, delayered, and hollowed out. ...