Human resources oversee the people assets that push and pull an organization toward its goals and objectives. Senior management regards HR policies and program as success factors because they guide worker performance, which in turn has an impact on profitability. Those seeking a career in HR should follow the advice of the Society for Human Resource Management (SHRM) and develop business acumen to become well-rounded leaders. This paper highlights the objectives and process of HRA in the Indian context. The basic objective of the paper is to study Human Resources Accounting, to identify the issues and challenges, to examine these issues and challenges and lastly, to give suggestions based on the findings of the study