ACCOUNTABILITY: The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.
It also includes the responsibility for money or other entrusted property.
Accountability = ( Responsibility + results ) trust.
Whether you are a parent, a child, employee or employer, Accountabilty is ESSENTIAL in a healthy society, home or business.
Where do you stand on the ladder?

As an individual or business there is need for a level of accountability to ensure your life or business is governed above board.
Accounting is part of the business systems every business must have to help manage the resources and processes.
You can only tell the health of the company if it has a correct Accounting system in place. And someone is responsible and can be held accountable for the business' performance. A business should have clear accounting structures.
Accounting enhances accountability - Accounting produces the much needed financial performance reporting which the Directors can use to make decisions.
Accounting tells the health of a business - Before any investor gets involved in a business, they check the health status of the business they are about to invest in.
Accuracy in Accounting is critical - With wrong data, wrong decisions are made. No one can be brought to account. It is costly to make decisions based on incomplete or wrong information.
Accountability is for the entire workforce - Sometimes people assume that the finance people by virtue of dealing with accounts need to be accountable. Everyone has to account for what they do, how they do it and why.