Essay about the Integration between HR and management accounting

 Human resource management and management of accounting are the two main sectors of business and without these two sectors, no business can run in the market. Human resource management has its own responsibilities and obligations and management accounting have huge responsibility related to the finance sector of the business.

These two departments have to work in a proper way to provide success o business because collectively they have to work for the integrated the effective and flexible working arrangement that helps the business and promote its products. HR and MA are basically related to the employees of the company and how much cost utilize on the employees explain properly. As we know that for many years ago we consider that the employees are the expense of the business that causes additional cost and all those facilities that employees obtain from the business are all come in the category of expense but study explain that employees are the assets of the business as their skills, hard work, experience, and efficiency provide long term benefit to the business and also enhance the performance of production of the business. Management of accountant manage the financial terms of the business. (GERVASI, 2016)

The management of the business have to utilize and adopt such effective strategies that can be handled with the support of all qualified employees that are already held in the organization because when these employees are appointed then high qualification is consider as main requirement for their appointment and they also demand a high salary with incentives due to their qualifications and experience.

So the business strategies must be actively run in such a direction that provides more benefit to the business and also generate more profit for the business without paying any additional payments to its employees. Several consideration must be implemented by the HR for the business improvement like hiring strategies, employment development, retention program and also ensure that the right people appoint at right place. Human resource is mainly responsible for hiring capable employees and the management of accounting must manage the smooth running of money within the business so the operations must be run by adopting such effective strategies and apply such operations that enhance the productivity of the organization with the help of efficient persons as employees and by utilizing their efforts and skills then business will generate more revenue by utilizing their experience and skills. They can use such strategies that try to minimize the cost of business and help the employees to perform their task without any hurdle. (SAL GERVASI, 2016)

Human resource is hiring such talented and efficient employees they have great experience and excellent skills that give a lot of benefit to the organization for the long term. The organization never lost their talented and hardworking employees and retain them for a longer period and offer them good salary packages but also taking consultation with the management of accounts because the finance department also interlinks with the human resource department. When the productive and talented employees are part of the organization they give their best and perform at their best level and try to enhance the productivity of the organization and also enhance the operational system of the organization by using effective techniques and strategies that are beneficial for the organization. (Higgins, 2004)

The streamline of the operation of the business can run effectively if the overall performance and all the employees of the organization work in the most effective manner. All the methods and working techniques must be adopted the organization that is helpful for reducing the cost and also maintain the performance of the organization is a positive direction.

Human resource department of the organization completely depends on appointing such effective and talented employees at the main posts in the organization that create an effective environment and help the organization to achieve their target in the minimum time period and utilize the resource at maximum level. The strategies used in the organization must be established according to skills and efficiency of the employees and also set targets that can achieve able for the employees because the capability must be determined when the employees achieve the target of the organization successfully and also provide the best results. management of accounting and human resource management are making the functions and operations of the organization more smooth and effective and also help the organization to maintain its operations and provide such loyal and hardworking employees that are going to be an asset for the organization and give them long term benefit.

Reference of The Integration between HR and management accounting

GERVASI, S. (2016, June 1). THE INTERSECTION OF HR AND ACCOUNTING. Retrieved from https://sfmagazine.com/post-entry/june-2016-the-

intersection-of-hr-and-accounting/

Higgins, J. (2004, November 1). Bringing HR and Finance Together with Analytics. Retrieved from https://www.shrm.org/hr-today/news/hr-

magazine/pages/1114-hr-finance-analytics.aspx

SAL GERVASI, C. C. (2016, June 1). THE INTERSECTION OF HR AND ACCOUNTING. Retrieved from https://sfmagazine.com/post-entry/june-2016-the-

intersection-of-hr-and-accounting/