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Can we consider employees as assets in accounting?

<p>We know that the most important things in any project or any firm are the employees, because they are the main players and main factors in succeeding or failing any project by using their qualifications in managing and accomplishing works to achieve the smart goals for any establishment.</p> <p> </p> <p> </p> <p>so... can we consider employees as assets in accounting or no?</p>

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2014/09/17
georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

But it can be morally can not be accounted for so that you can not evaluate a skilled employee or certificate holder that held by the employee becomes a financial commodity here is absolutely inhumane

Ahmed Said
من قبل Ahmed Said , C.F.O , Al-Tanmia Modern Investments, DIB

Employees are one of the main factor of projects success or failure, so we can consider them as assets in meaning of word only, but accounting wise we cannot consider them as assets, as we

cannot depreciate / amortize them in specific period

cannot specify life duration

cannot evaluate by sales price or cost price

cannot show as a specific figures on financial statements

cannot be distributed by shareholders / owners in case of project ending or closure.

cannot register in accounting books as formal invoiced purchased or sold

 

Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

yes we can if they are very technical and unique in the market such as a very experienced and well known instructor in a training company.

FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Can be specified in cases 

Such as soccer player 

But generally does not apply qualities of assets 

* - Can not determine shelf life 

* - Can not assess the expected service person 

* - Can not own a person

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