1 Department of Business and Management, The Faculty of Social Sciences, Aalborg University, VBN 2 Management Accounting and Control, MAC, The Faculty of Social Sciences, Aalborg University, VBN 3 Business Model Design Center, The Faculty of Social Sciences, Aalborg University, VBN 4 The Faculty of Social Sciences, Aalborg University, VBN 5 Heriot-Watt University 6 Audit Scotland 7 Heriot-Watt University
Conflicting perspectives on the virtues of accounting for people
It is no surprise to learn that to date accounting for people has attracted very little attention from critical accounting researchers. From their standpoint there is little in the history of accounting theory and practice that has served the interests of labour well. A worrying consequence of this lack of engagement with accounting for people is that potentially valuable insights may be disregarded by fiat. The recent emergence of human capital accounting as an element of the broader intellectual capital field is identified here as meriting closer scrutiny and debate. Informed by a wide ranging literature review, together with some of the findings of a study of the issues associated with accounting for employee health and wellbeing, viewed as a further key constituent of human capital, the paper argues that a virtuous accounting intervention, in the form of a critical accounting for people, might now be pursued to the benefit of both people and the broader society. © 2014.
Critical Perspectives on Accounting, 2015, Vol 27, p. 43-55
Human capital accounting; Intellectual capital; Public interest; Social accounting
Main Research Area: