Master of Management Studies (M.M.S) Human Resource Capital Accounting and Audit Syllabus - Mumbai University 2026
This is the M.M.S. syllabus under NEP 2020, in force from the academic year 2025-26: Semesters I and II from the revised circular and Semesters III and IV from the new one, both approved by the Academic Council on 20 May 2025. The earlier choice-based syllabus is still set alongside it for repeating candidates, so check which scheme your exam form names before you revise.
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Syllabus for Human Resource Capital, Accounting and Audit
Course objectives
- 1 To introduce students to foundational concepts of human resource capital valuation, accounting, and audit.
- 2 To equip students with practical skills for quantifying, reporting, and auditing human resource capital.
- 3 To develop analytical capabilities for evaluating the strategic value and impact of human capital.
- 4 To foster understanding of accounting standards and regulatory compliance related to human resources.
- 5 To cultivate insights into ethical considerations, transparency, and reporting practices in human resource accounting.
Course outcomes
- CO1: To understand HR Accounting & Audit and its importance.
- CO2: To analyse the HR Accounting and Auditing methods.
- CO3: To apply HR Accounting methods.
- CO4: To evaluate the effectiveness of HR Accounting and Audit practices in organisations.
- CO5: To create Human Accounting Systems in organisations.
Unit 1 CO 1 · 6 hours
Introduction to HR Capital and HR Accounting: - HR Accounting and HR as an Asset - Definition of Human Resource Accounting - HRA – concepts, methods and applications - Human Resource Accounting vs. Other Accounting - Employee and Labour Costing
Unit 2 CO 1 · 6 hours
HR Audit - Objectives, Concepts, Components, Need, Benefits, Importance - Methodology and instruments of HR Audit - HR Audit Process and Issues in HR Audit - Role of HR Audit in business environment
Unit 3 CO1, CO2 · 6 hours
Human Resource Costs / Investment - Human Resource Costs – the Monetary Value Approach, Non-Monetary value Based Approaches - Investment in employees -HRD
Unit 4 CO2, CO3 · 6 hours
Return on Investments - HR Budget - Development of HR - ROI through High Performance Employees - Measurement of Group Value – The Likert and Bowers Model, Herman son’s Unpurchased Goodwill Model
Unit 5 CO 3, CO 4 · 9 hours
Human Resource Accounting System - Developing Human Resource Accounting System - Implementation of Human resource Accounting system - Integration with other accounting system
Unit 6 CO 4 · 6 hours
Human Resource Scorecard - HR Scorecard, Constituents of HR Scorecard - HR Scorecard as an instrument in HR Audit
Unit 7 CO 4 · 12 hours
Human Resource Audit Report - HR Audit Report – purpose - Report Design – Preparation of report - Use of HR Audit report for business improvement
Unit 8 CO 5 · 9 hours
Recent Advancements in Human Resource Audit and Accounting
Reproduced from the University of Mumbai syllabus for Master of Management Studies (Two Year), Semester III and IV, AC 20/05/2025, Item No. 7.11 (N), in force from the academic year 2025-26. Wording and unit numbering are as printed there. The PDF above is the syllabus's own page, unaltered.
The complete syllabus
This subject is cut from the University circular for its semester. Open a document here if you want the whole thing rather than a single subject.