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Financial And Corporate Accounting

Introduction and Human Capital Overview

Human capital refers to the asset that is intangible and is not listed anywhere in the company's financial statements. Human capital can be referred to as the value which is economic for the experience of workers and also their skills. In this type of capital, everything like education, training, intelligence, skills, health, etc are concerned (Ketchen et al. 2017). Here the loyalty and punctuality of the employees are also considered. According to the concept of human capital, all the employees are not equal but the quality of this capital can be improved by investing in education and training of the employees. This is turn helps in more productive and profitable output for the company. This assessment is aimed to shed some light on this concept with the help of credible sources. The reasons will be given for not adding human capital in the balance sheet as that will increase the ....