In some IAM policies, you need to permit an AWS account to perform an action. There are two common ways to do this (from the AWS documentation):
"Principal": { "AWS": "arn:aws:iam::123456789012:root" }
"Principal": { "AWS": "123456789012" }
The account ARN and the shortened account ID behave the same way. Both delegate permissions to the account. Using the account ARN in the Principal element does not limit permissions to only the root user of the account.