accountancy's power today

In this essay we have been asked to discuss whether or not we agree with John Watts when he says, “Accounting is probably more powerful today than it has ever been.” To answer this question we must consider accounting’s power throughout history and compare that to its significance today. We shall start our answer by giving a brief outline of what accounting actually is then discussing its power throughout history. One of the most …

…the evolution of thought, art and science than it ever has been. Bibliography John Watts, 2nd edition, Accounting in the Business Environment. B.S.Yamey, 1st edition, Further Essays on the History of Accounting. Moonitz and Littleton, 1st edition, Significant Accounting Essays. R.J.Chambers, 1st edition, An Accounting Thesaurus. Ronald J.Thacker, 2nd edition, Accounting Principles. W.A.Paton, 1st edition, Accounting Theory. Association of Chartered Accountants of United States, www.acaus.org/history.