HR accounting
inflation accounting
social accounting
responsibility accounting
Answer is Wrong!
Answer is Right!
The correct answer is: A. HR accounting
HR accounting is a subset of managerial accounting that focuses on the financial aspects of human resources. It involves the measurement, analysis, and reporting of information related to the costs and benefits of employees.
The present value of the future contributions of employees is one of the methods used in HR accounting to measure the value of employees to a company. This method takes into account the employee’s salary, benefits, and other costs, as well as the employee’s expected future productivity.
The other options are incorrect because:
- Inflation accounting is a method of accounting that adjusts financial statements for the effects of inflation.
- Social accounting is a type of accounting that focuses on the social and environmental impacts of a company’s activities.
- Responsibility accounting is a system of accounting that assigns responsibility for costs and revenues to specific individuals or departments.