Skip to main content
Human Asset Accounting : Strategic lessons for Quoted Firms in Nigeria
  • Chukwumah Lawyer Obara, Dr

This study examines human asset accounting (HM) treatments in firms quoted on the Nigerian Stock Exchange (NSE) . It is intended to strategically determine the effects of passive and constructive HM practices on the corporate profitability of quoted firms in Nigeria. Drawing from the Nigerian Stock Exchange Fad Book (2006), 207 quoted firms constitute the study population. Research questionnaire was administered on sampled 136 quoted firms, out of which submissions from 100 (73.5%) were timely returned and expediently adopted for analysis. The main decisional statistical index for test of hypotheses is represented by coefficient of determination (tf). The findings clearly indicate that profit, as reported in the accounts of many quoted firms in Nigeria, does not yet ideally (truly and fairly) reflect their accounting positions. This is because, in the balance sheet, only expenditure on machinery, equipment, land acquisition and other fixed assets are treated as investments, while human asset investments are included as expenses in the Profit & Loss (P&L) account. This passive human asset accounting (PHM) approach undermines the reality that employee-related expenditure portends

  • Human Asset Accounting,
  • Strategic,
  • lessons for Quoted Firms,
  • Nigeria
Publication Date
Citation Information
Chukwumah Lawyer Obara. "Human Asset Accounting : Strategic lessons for Quoted Firms in Nigeria" JOURNAL OF BANKING Vol. 15 Iss. 1 (2011)
Available at: