Definition of Behavioral accounting:
Behavioral accounting takes into account key decision-makers' experience and incentives as part of the evaluation of a company. It also examines how accounting practices and processes, in turn, affect the behavior and processes of personnel working in a company.
A type of system that factors in the values of the individuals leading the companies instead of focusing on the actual costs involved in operating the company. This system is often referred to as human resources accounting..
Behavioral accounting may also be known as "human resource accounting.".
How to use Behavioral accounting in a sentence?
- Behavioral accounting is a branch of accounting that considers employee behavior in addition to traditional accounting knowledge.
- Behavioral accounting attempts to correct and enrich traditional approaches to accounting theory where preparer and user perceptions, attitudes, values, and behaviors are under-emphasized.
- It also deals with how the attitudes and behavior of employees can be impacted by accounting decisions within a firm.
Meaning of Behavioral accounting & Behavioral accounting Definition