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Accounting for human capital: Implications of automation and operational performance
Author(s) -
McCoy Nicole R.,
Phillips Brandis,
Stewart Alice C.
Publication year - 2019
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22408
Subject(s) - human resource accounting , human capital , asset (computer security) , business , industrial organization , automation , accounting information system , value (mathematics) , accounting , human resources , financial capital , economics , management , computer science , market economy , engineering , mechanical engineering , computer security , machine learning
As automation evolves, human capital becomes a firm's strategic asset. Using resource‐based theory, we discuss the importance of maintaining human capital with superior skills as a means to sustain a competitive and how to value human capital as a strategic asset. As we do not propose a new accounting regulation, we suggest metrics that may be used to assess the value of strategic human assets.