Affiliations: Department of Economics, University of Patras, P.O. Box 13, 30100 Agrinion, Greece
Note: [*] This paper has been partly based on the research material gathered for my master's disseration at the University Southampton, but it reflects current, revived, interest in the subject by the author.
Abstract: It has often been argued that social accounting has been a new dimension of the science of accounting. This paper shows that social accounting has been a natural development of human resource accounting. It examines, therefore, the societal utilisation of corporate human resources from an accounting point of view; it describes the underutilised so far concept of human capital budgeting; it analyses the major problems (of social, mainly, nature) in implementing human resource accounting systems and eventually it synthesizes all the above towards a revival of human resource accounting interest for a more managerial utilisation of its recent developments.
Keywords: Human resource management, Human resource valuation, “Partial” social accounting system, Human resource information systems, Human resource management systems, Human capital budgeting
