In todays contemporary business environment,how powerful is the role of accountancy?

In today's contemporary society everyone is accountable to someone. A large percentage of this accountability is financial accountability. The average person must work to a budget in their private life as well as in their professional life, through periods of illness and unemployment on into their retirement. This personnel budget is not the only way they are affected by financial accountability during these periods. The company the individual works for must work to a budget, …

…highly probable that they will overcome these problems as they have done in the past and go on to repeatedly reinvent themselves and their profession. As long as capitalism is around accountancy and the information provided by it are going to grow in power and will be continually required. It can therefore be concluded that accountancy is more powerful today than it was previously but not as powerful as it will be in the future.