  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.
