Industry Analysis & Industry Trends
The Accounting Services industry's revenue has shown strong growth over the past five years, shrugging off any lingering effects of the global financial crisis on professional service companies. The industry recorded weak growth in 2009-10, before growing strongly in 2010-11. This included strong returns from the four largest firms in the industry. Over the period, businesses have increasingly sought to restructure, which requires accounting services for due diligence and auditing. The industry has 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. Labour intensity has decreased marginally since the 1990s due to efficiency gains from the use of computers and development of specialised accounting software... purchase to read more