The phrase "takes account of" refers to the act of acknowledging, considering, or taking into account various factors or circumstances when making a decision or forming an opinion. There are many synonyms that can be used to convey this meaning, including "takes into consideration", "accounts for", "acknowledges", "recognizes", "takes note of", "takes into account", and "considers". Each of these synonyms emphasizes the importance of being aware of and factoring in various elements when making a decision or forming an opinion, highlighting the importance of being thoughtful, considerate, and thorough in one's approach.