As a result of increase recognition of the importance of human assets in psychology, economics and personal management, the development of human resource accounting came as a result. Human resource accounting has developed and has progressed through several different stages and it encompasses accounting for people as a resource for the organization. The recognition by academicians that a method to account for human resource was essential was the first stage involved in this procedure. The development of models and concepts for the measurement of value and cost of people as the resource of the organization was the second stage of this procedure. Application of the measurement in actual companies was the third stage and the difficulties which were involved in identifying the firms who were willing to serve as the research subject has put a limitation on the number of these kinds of studies. The fourth stage was about the testing the human resource accounting information empirically in a behavioral context. Like the third stage the fifth stage also involves additional experiments for the purpose of application of human resource accounting technologies on various different managerial issues.