Innovative Strategies in Historical Cost, Replacement Cost and Organisation Performance Using Human Resource
Mayowa Olalere *
Babcock Univeristy, Ilishan Remo, Ogun State, Nigeria.
Olalere Mayowa David
Department of Accounting, Babcock University, Ilishan-Remo, Ogun State, Nigeria.
Odewusi Oyetola
Department of Accounting, Babcock University, Ilishan-Remo, Ogun State, Nigeria.
Aremu Olabode
Department of Accounting, Babcock University, Ilishan-Remo, Ogun State, Nigeria.
Ogunbiyi-daives Biodun
Department of Accounting, Babcock University, Ilishan-Remo, Ogun State, Nigeria.
Adesina Hamed Biola
Department of Accounting, Babcock University, Ilishan-Remo, Ogun State, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
.Technology is being used in industry and services. Rapid technological advancements alter many industries. Information helps build and sustain the economy. Modern businesses' social responsibility and public image are evolving quickly. According to a recent national survey, many Americans believe corporations should be accountable to shareholders, workers, and local communities. These changes are not reflected in modern financial reporting. A strategy-language approach for comparing the two methods is needed. This method integrates strategies from seemingly unrelated innovation types and allows systematic strategic analysis. Large commercial banks could consider including human resource expenditures in their asset structure and improving information quality via revenue expenses, which might positively impact their share price. The "human resources valuation approach" as a company performance measurement tool has gained popularity, boosting the use of metrics in human resource accounting. More studies are exploring the relationship between performance and HR.
Keywords: Commercial banks, human resource accounting, social responsibility, economy