Human Resource Accounting Disclosures of Listed Firms in Nigeria: Comparative Analysis of Financial and Non- Financial Listed Firms

Abstract

Human Resources are becoming increasingly important input for the success of any firm. In every business concern physical assets as well as human resources are required for its success. Physical assets such as machinery, building and plants among others are unproductive without human resources. Thus, the success of any organization to a great extent, depends upon the quality and caliber of the people working in it. Therefore, this study examines differences in human resources accounting disclosures reporting level between financial and non-financial listed firms in Nigeria. The study employs ex -post facto research design. The population of the study is the entire firms quoted on the Nigerian stock Exchange from 2019-2023.However; the study utilized fifty-five listed firms (twenty financial and thirty-five non-financial listed firms which were drawn using random sampling technique. The study used secondary source of data. The techniques of data analysis adopted is Independent sample-test .The study finds that both financial and non-financial listed firms disclose both qualitative and quantitative. However, more of quantitative data were disclosed. Financial firms generally disclosed more on human resources than non-financial listed firms but the difference in disclosure was not statistically significant. the study concludes that there is no significant difference in HRAD between the financial and non-financial listed firms in Nigeria. Therefore, the study recommends that Financial and non-financial firms in collaboration with relevant authorities should develop new ways of financial reporting standard that specifically and comprehensively addresses the issue of human resource accounting, reporting and disclosure. This will enhance transparency and uniformity in disclosures and will allow a reliable comparison of human capital values.