FUTURE ACCOUNTINGS
By: Swati Luthra
April 11, 2023 Swati Luthra 2
Human Resource Accounting is the art of valuing, recording and
presenting systematically the worth of human resources in the books of account of an organization.
Need Of HR Accounting: Deciding the transfers, promotion,
training & retrenchment of HR Identifying causes of turnover Helps to see under-utilization of HR
Limitations
HUMAN RESOURCE ACCOUNTING
April 11, 2023 Swati Luthra 3
Social accounting is the process of communicating the
social and environmental effects of organization’s economic actions to particular interest groups within society and to society at large.
Purpose Of Social Accounting To get feedback on how things are going in your organization. To know how well you are achieving your aims and values.
SOCIAL ACCOUNTING
April 11, 2023 4
Environmental Accounting is a field that identifies resource
use, measures and communicates costs of a company’s or national economic impact on the environment.
This includes: Costs to remediate contaminated sites Environmental fines Purchase of pollution prevention
technologies Waste management costs.
ENVIRONMENTAL ACCOUNTING
Swati Luthra
April 11, 2023 Swati Luthra 5
Inflation accounting describes a range of accounting
systems designed to correct problems arising from historical cost accounting in the presence of inflation.
Need Of Inflation Accounting: Traditional accounting based on historical
cost fails to match current revenue against costs that are current.
Inflation accounting is used in countries experiencing high inflation or hyperinflation.
INFLATION ACCOUNTING
April 11, 2023 Swati Luthra 6
Forensic Accounting is the investigation of an allegation
whose evidence is expected to be presented in the Judicial form.
Need Of Forensic Accounting: Growing frauds Rapid use of Information
Technology Growing Cyber Crime Increase in number of corporate scams
FORENSIC ACCOUNTING
April 11, 2023 Swati Luthra 7
COSTING
KAIZEN COSTING It is the process of cost
reduction during the manufacturing phase of
an existing product.
Eg. Toyota Production
TARGET COSTINGIt is determining the maximum amount of
cost that can be incurred on a product and with it the firm can still earn the
required profit margin from that
product at a particular selling price.
April 11, 2023 Swati Luthra 8
THANK YOU!!
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