Importantance of the implementation of human resource accounting in Libyan oil companies

Abstract

• The importance of this study stems from the fact that it examines the extent of the importance of applying human resources accounting in Libyan oil companies. Through the theoretical framework, the subject was studied theoretically and in the field of the reality of application in the institution. The study relied on the descriptive analytical approach in studying the theoretical aspects through books, research and previous studies. In order to achieve the objectives of the study, a special questionnaire was designed and distributed to survey the opinions of a representative sample of the study community members. A simple random sample was selected. (110) copies of the questionnaire were distributed and (100) were retrieved with a retrieval rate of 90.91%. The statistical program (SPSS) was used in the analysis. The following are the most important results and recommendations of the study:

  1) The lack of sufficient awareness among oil companies of the necessity of applying human resources accounting.

  2) The accounting system applied in oil companies does not meet the requirements for applying human resources accounting.

  Second: Recommendations: By presenting the results presented previously, the researcher presents a set of recommendations with the aim of benefiting from the study in the practical aspect of the institution and oil companies, as follows:

  1) Because human resources are of great importance in an era that depends on the creativity of the human mind, we recommend the necessity of shedding light on the importance of resource accounting in Libyan oil companies.

  2) The increasing interest in the human element as the main pillar in the production sector requires giving the subject of applying human resources accounting in oil companies the required importance, therefore we recommend the necessity of Libyan institutions paying attention to the human element, and the necessity of directing attention towards developing human resources because they are of high relative importance in production institutions in particular.