Why has the role of accountants changed over the centuries?

The role of Accountants have changed because of many different circumstances. Let us explore a few of them:

Technology

The improvement of technology and methods for accounting have changed the roles of accountants. There are now electronic methods for recording, summarizing and analyzing financial figures. In the past, primitive accountants had to record everything on papyrus or on dirt.

Knowledge

Over the years, accountants and accounting firms have gained tremendous knowledge through centuries of experience. Also, the need for businesses and businessmen to access accounting knowledge has resulted in accountants having to teach and educate people.

Complexities of Businesses

As businesses grow, so do their complexities. As a result, accountants' roles have had to adapt to these changes i.e. their work is more intense and skills driven.