Nanotechnology:
Implications for Managerial Accountants
Central Missouri State University
This is an abstract
for a poster to be presented at the
Fifth
Foresight Conference on Molecular Nanotechnology.
There will be a link from here to the full article when it is
available on the web.
The world of nanotechnology is coming. The ability to
manufacture objects at molecular level precision will create
objects with unrivaled strength and usefulness. Nanotechnology
will involve creating molecular assemblers with artificial
intelligence which will allow self-replication. This
self-replication will allow unrivaled growth at minimal cost. The
manufacturing environment will obviously be different when these
changes take place. This article is intended to introduce these
changes and their implications to management accountants. Having
the ability to adapt to these changes before they occur will
allow management accountants to continue to add value to the
company.
A brief history of nanotechnology and its current status
provides a background for discussing the accounting implications.
This paper examines the questions of correct cost allocation and
just what are the "cost drivers" under this new
environment. Finally, a concise reference section helps to
provide those wishing to learn more about this important topic a
starting point.
*Corresponding Address:
Dr. Kurt Fanning, CPA, CMA, Central Missouri State University,
Warrensburg, MO 64093-8888, ph: 816-543-8555, fax: 816-543-5888,
email: [email protected]
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