Study of Application of HRA in Selected Software Companies in Mumbai

Knowledge is an important force that drives an economy of any country. Nowadays technological advancement has transformed knowledge into e-format. E-world has made world run on a single click. This has lead to the emergence of Software Industry. HR must be considered as human capital. In spite of significant contribution of human resource in development of software industries and present study on HRA tries finding answers to the questions like - Are they given a place in financial statement? Why not? What are the methods? How are human resource considered as part of assets? How is HRA beneficial in management decision making process? HRA has suggested solutions to this problem by providing different methods of evaluation of human resource provided places of an applied and development of HR in the right direction. Research is to be conducted in Mumbai because there are many software companies in Mumbai city. Researcher has tried to study issue relating HRA indicate role of HR in financial performance of Software Company but not considered in managerial decisionmaking process. The study is based on exploratory and descriptive research aimed at finding the solution for the stated problems with the help of formulated hypotheses based on techniques availability. The study is based on primary and secondary data. The proposed study also aims at providing complete accounting treatment to Human resource as asset and the need of HRA in managerial decision making process.