Managerial Accounting
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The accounts department in any given
organization is responsible for the regulation of financial data flow,
identification, and correction of errors and fraud due to poor
accounting practices. Capital investment is the accumulation of enough cash and
assets to enable a firm to run its operations smoothly, and this is done mostly
through investing in the capital market by buying financial instruments like
bonds and shares. The same transacted to get funds to run the firm. Any
successful organization understands that its success is not entirely dependent
on accounting to succeed. And this is where human capital comes in. Human
capital is the combination of an individual’s skills, ability and knowledge in
an organization to produce items and service delivery. This is the main reason
why employees therefore create a significant value to the firm and should be
considered as organization assets. While the quality of a firms financial data
is important and very critical in decision making, regular employee empowerment
programs help promote business operations, can help build a strong brand hence
attracting more consumers. Therefore, the essay seeks to analyze the importance
of human capital appraisal as well as proper accounting for the success of any
thriving firm.
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