HUMAN RESOURCE ACCOUNTING AND FINANCIAL PERFORMANCE OF MICRO
FINANCE BANKS IN NIGERIA

Oswald O. Onyeukwu 1 & John U. Ihendinihu 2
Department of Accounting, College of Management Sciences, Michael Okpara University of
Agriculture, Umudike, Abia State, Nigeria.
1 oswaldonyeukwu2014@gmail.com
2 ihendinihu.john@gmail.com

ABSTRACT
This study examines causal link between human resource accounting and financial performance of
microfinance banks in Nigeria. The study employs ex post facto research design. Data for analysis was
obtained from the published financial reports of microfinance banks in Nigeria covering a period of 6 years
(2011 to 2016). The Simple linear regression technique was used to analyze the data generated. Findings
from the study reveal that human resource accounting proxied by personnel cost have no significant effect
on both net profit margin and return on assets. Further findings indicate that personnel cost has significant
effect on return on equity of microfinance banks in Nigeria. The study recommends, among other things,
that relevant accounting and legislative bodies should develop a uniform approach for the measurement
and reporting of human resources and that accounting policies should be developed for the amortization
of investments made in human resources of Microfinance banks and other organizations alike.
Keywords: Human Resource Accounting, Net profit margin, Return on assets, Return on equity.

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