A STUDY OF HUMAN RESOURCES ACCOUNTING INFORMATION AND ITS RELEVANCE TO SELECTED ORGANISATIONS IN THE PRIVATE SECTOR
A STUDY OF HUMAN RESOURCES ACCOUNTING INFORMATION AND ITS RELEVANCE TO SELECTED ORGANISATIONS IN THE PRIVATE SECTOR
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Date
1988-06
Authors
YUNUSA, MA'AZU MAHUTA
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Abstract
The purpose of this research effort was to
examine the relevance of human resources accounting
information to some selected organisations in the
private sector in Nigeria. It was expected that the
study would provide some evidence as to whether
organisations in this category utilise this
information in their day-to-day business operations.
The study seeks to fill the vacuum created by
conventional accounting system in financial reporting
due to failure to report on organisational human
resources. Thus, the objectives of the study were:
(1) to find out the relevance of information
concerning human resources of an organisation in the
private sector in financial terms, (2) to know the
impact of reporting or not reporting human resources
values to organisations in the private sector in Nigeria.
(3) to know precisely the type of industry or companies
in which human resources accounting information is more
relevant and most useful.
In order to accomplish this task a sample of 15
manufacturing and 15 service-related organisations
each having more than 50 employees were drawn from
private sector organisations. Also, out of these
organisations people from the supervisory level upwards
were randomly selected to fill the questionnaire.
The research methodology involved two phases:
a literature review phase ana a questionnaire phase
of the study. That is to say, for the purpose of
the research, the methodology involved collection of
data both on secondary and primary basis. The secondary
data collection involved an extensive search of relevant
literature from textbooks, journal, articles, net*spapers,
magazines, companies reports and other materials
considered relevant for the research. The primary
research too used in this study to collect the primary
obtained through
data was/a detailed questionnaire designed and
administered based on the instruments gathered from the
review of the existing literature.
The basic findings or the research were:
(1) It was found that organisations in the private
sector are profit-oriented and,therefore, attach more
relevance to any publicly mace available information
that will help in attaining this objective. (2) That
out of the resources of an organisation, human resources
are the most important. (3) It was also found that
human resources planning and development greatly helps
management in the functional areas of planning,
co-ordination, communications, decision-making and
motivation. (4) Furthermore, it was discovered that
human resources accounting information helps greatly
in the implementation of good and effective manpower
planning and development, especially when it comes to
a matter of cost reduction and profit improvement
programmes. (5) Also,it was discovered that human
resources accounting information is very useful to
private sector organisations in the determination of
cost of capital; calculating meaningful ratios and
in the determination ana management of working capital.
(6.) Finally, it was evident that the respondents were
more confident to say that human resources accounting
information is more relevant and most useful in the
service-related industries.
Recommendations were, therefore, made that:
(1) Since the capacity of an organisation to achieve
its strategic objectives was influenced by human resources
especially in the capacity to operate effectively,
human resources planning and development should be the
focal point in business necisions. (2) Organisations
should concentrate on providing specific training to
their employees, and that this policy should be backed
by restriction of mobility and retention policy to
discourage the trained employees from leaving the
firm immediately after receiving their training.
(3) Finally, it was recommended that, these research
findings are not final, but rather should be viewed as
a basis for further research to progress the subject
further. This could be acbipved by joint effort from
teachers, practitioners and students in accounting,
finance and other related fields.
Description
A DISSERTATION SUBMITTED TO THE POST-GRADUATE
SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL
FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF
MASTER OF SCIENCE DEGREE IN ACCOUNTING AND FINANCE.
JUNE 1988
Keywords
HUMAN RESOURCES,, ACCOUNTING,, INFORMATION,, RELEVANCE,, ORGANISATIONS,, PRIVATE SECTOR