Methodological Bases of Accounting Valuation of Human Capital

Marin Paunov, Robert Bacho, Vi

Abstract

The difference in the cost of property between its accounting and market valuation due to the presence of intangible assets, in particular human capital, indicates that accounting does not provide users with accurate information and, accordingly, does not allow determining the real property status of the enterprise. The systematization of theoretical approaches to valuation allowed formulating a methodology for valuation of human capital of an enterprise, which takes into account qualitative and quantitative indicators and contains the following elements: organizational components, methodical components; information and computer security of the procedures for valuation of human capital of the enterprise. Using the proposed methodology allows to valuate human capital, and a combination of quantitative and qualitative methods of valuation ensures its objectivity. The complexity of the accounting valuation of human capital in enterprises requires the creation of appropriate approaches and techniques to reflect it in accounting. The expensive approach has proposed to be supplemented with qualitative indicators of human capital, in particular, the coefficient of professional prospectivity of employees, which, due to the calculation of goodwill of human capital, ensures the approach of the accounting valuation of enterprise in the market and serves as the basis for developing financial forecasts of sustainable development of the enterprise.