CONVENTIONAL ACCOUNTING VERSUS INTEGRATED ACCOUNTING: PLACE OF HUMAN RESOURCE IN ORGANISATIONAL REPORTING SYSTEM
Abstract
The global economic revolution and
information technology brought about
continuous change in shareholders’
expectation. Recently, shareholders are not
only interested in organization financial
performance but also interested in the process
of value creation. Conventional accounting
deploys historical data to present financial
performance to users of information.
Integrated accounting combines historical,
financial and non-financial data to present
financial performance and value creation. This
study is an exploratory review of Conventional
accounting and Integrated accounting; relating
the two concepts to place of human resource in
organizational reporting system. The study
favored integrated accounting as it presents to
stakeholders, comprehensive information on
business performance and value creation
which guide business decision
