Human capital accounting issues in the digital economy

Abstract

The article discusses the issues of accounting for human capital in the digital economy. In the accounting community, company staff is recognized as an object of personnel records, but is not recognized as an object of accounting, cost accounting. The structure of accounting objects is proposed to include not only the property of the enterprise, but all the resources over which the company exercises control. The accounting methodology must respond appropriately to the development of accounting in the digital economy. At the same time, IT technologies cause significant modifications both in the methodology and in the applied direction of the science of accounting. Many researchers believe that the main directions of transformation, in terms of improving the theory of accounting and reporting in the digital economy, are the areas of transformation of the digital economy: manufacturing, financial services, education, health care, and the media. As the analysis of theoretical sources showed, human capital management is not limited solely to economic studies of its value and value, but also includes the study of external social and mental effects. It became possible to estimate human capital by calculating the possibility of replacing an employee, including the cost of training or hiring a new employee. The general accounting model of intellectual capital considers the objects of accounting (structural, consumer, human capital, goodwill) from the point of view of the overall construction of the research process of a complex problem. A human asset can be identified, has evidence of its existence, can arise or cease to exist in an organization at an identifiable time point. In order to create effective accounting and management reporting in an organization, elements of human capital should be classified and accounted for as separate and independent human capital assets. In the context of focusing on the information needs of the stakeholders in the digital economy, the requirements for disclosing information, reducing the time needed to prepare and submit accounting (financial) statements are increasing.