HUMAN RESOURCE ACCOUNTING AND PROFITABILITY (A STUDY OF UNION BANK PLC, CALABAR)

ABSTRACT This study dealt with the effect of human resource accounting on corporate performance of a firm using union bank plc as a study. The main objective of this study was to determine whether accounting for human resources will influence the profitability of union bank plc, and to examine if the non-application of Human Resource Accounting measure, affect future investment and performance of bank. The method of data collection used in this study was field survey method which involved the use of questionnaire and interview. From result of the data collected, it was observed that accounting for human resource will improve the corporate performance of the bank if applied equally, non-application of human resource accounting measures was found to affect the performance and investment of union bank plc. Also, it was revealed that the is difficulty qualifying employee output, human resources knowledge gap, poor or no understanding of the subject matter, complexity and difficulty in developing and acceptable human resource accounting. The study recommends among other thing that human resource accounting must be institutionalized, adequate HRA orientation should be introduced to the management and staff of the bank, and adequate and less complex models that would aid the qualification of staff output should be evolved and constantly reviewed.