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Accounting Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Accounting Services Market Research Report | ANZSIC M6932 | Feb 2015

Penny for your thoughts: Growth in advisory services is increasing industry revenue

The Accounting Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
136,480
Businesses
32,920
Industry Analysis & Industry Trends

The Accounting Services industry's revenue has grown strongly over the past five years, shrugging off any lingering effects of the global financial crisis. After weak growth in 2009-10, the industry rebounded in 2010-11. This included strong returns from the four largest firms in the industry. Nevertheless, weak business conditions resulted in the industry declining slightly in 2012-13. Over the past five years, increased restructuring of businesses in Australia has boosted demand for industry services, as accounting services are required for due diligence and auditing. The industry has also expanded its advisory services as professional services firms have sought new ways to increase profit... purchase to read more

Industry Report - Industry Investment Chapter

The capital-to-labour ratio is used to gauge the level of investment required to operate in the industry. To calculate the ratio, wages and depreciation are used as proxies. Currently, $17.74 of labour is required for every dollar of capital invested.

As with most service industries, the industry is based on the use of human knowledge and labour to deliver a service to clients. Specialist skills and knowledge are required, with professional qualifications necessary to provide many of the industry's services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Accounting Services Industry?

Firms in this industry provide accounting, auditing and bookkeeping services. The services provided relate to all areas of taxation, financial reporting and auditing. Many firms also offer business advice and assistance.

Industry Products
Audit servicesTax servicesAdvisory servicesBookkeepingInsolvency, reconstruction and bankruptcy
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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