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<p>We know that the most important things in any project or any firm are the employees, because they are the main players and main factors in succeeding or failing any project by using their qualifications in managing and accomplishing works to achieve the smart goals for any establishment.</p> <p> </p> <p> </p> <p>so... can we consider employees as assets in accounting or no?</p>
But it can be morally can not be accounted for so that you can not evaluate a skilled employee or certificate holder that held by the employee becomes a financial commodity here is absolutely inhumane
yes
Employees are one of the main factor of projects success or failure, so we can consider them as assets in meaning of word only, but accounting wise we cannot consider them as assets, as we
cannot depreciate / amortize them in specific period
cannot specify life duration
cannot evaluate by sales price or cost price
cannot show as a specific figures on financial statements
cannot be distributed by shareholders / owners in case of project ending or closure.
cannot register in accounting books as formal invoiced purchased or sold
yes we can if they are very technical and unique in the market such as a very experienced and well known instructor in a training company.
Can be specified in cases
Such as soccer player
But generally does not apply qualities of assets
* - Can not determine shelf life
* - Can not assess the expected service person
* - Can not own a person
