The Quantum Dynamics of Cost Accounting: Investigating WIP via the Time-Independent Schrodinger Equation
Fuente:
arXiv
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| Autore principale: | |
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| Natura: | Preprint |
| Pubblicazione: |
2024
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| _version_ | 1866908579723739136 |
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| author | Lazirko, Maksym |
| author_facet | Lazirko, Maksym |
| contents | The intersection of quantum theory and accounting presents a novel and intriguing frontier in exploring financial valuation and accounting practices. This paper applies quantum theory to cost accounting, specifically Work in Progress (WIP) valuation. WIP is conceptualized as materials in a quantum superposition state whose financial value remains uncertain until observed or measured. This work comprehensively reviews the seminal works that explored the overlap between quantum theory and accounting. The primary contribution of this work is a more nuanced understanding of the uncertainties involved, which emerges by applying quantum phenomena to model the complexities and uncertainties inherent in managerial accounting. In contrast, previous works focus more on financial accounting or general accountancy. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2405_00047 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | The Quantum Dynamics of Cost Accounting: Investigating WIP via the Time-Independent Schrodinger Equation Lazirko, Maksym Physics and Society General Finance Quantum Physics The intersection of quantum theory and accounting presents a novel and intriguing frontier in exploring financial valuation and accounting practices. This paper applies quantum theory to cost accounting, specifically Work in Progress (WIP) valuation. WIP is conceptualized as materials in a quantum superposition state whose financial value remains uncertain until observed or measured. This work comprehensively reviews the seminal works that explored the overlap between quantum theory and accounting. The primary contribution of this work is a more nuanced understanding of the uncertainties involved, which emerges by applying quantum phenomena to model the complexities and uncertainties inherent in managerial accounting. In contrast, previous works focus more on financial accounting or general accountancy. |
| title | The Quantum Dynamics of Cost Accounting: Investigating WIP via the Time-Independent Schrodinger Equation |
| topic | Physics and Society General Finance Quantum Physics |
| url | https://arxiv.org/abs/2405.00047 |