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 Locations Chapter
The distribution of the Accounting Services industry follows a pattern of economic activity, causing a higher number of accounting practices to be concentrated in New South Wales (35.4%), Victoria (26.4%) and Queensland (18.4%). These states account for a dominant share of population and industry. The head offices of the majority of Australia's largest enterprises are located in Melbourne or Sydney. New South Wales is home to 48% of the top 500 enterprises in Australia by revenue, and Victoria 25.4%. Accounting firms tend to locate close to clients. The big four, for example, have offices in each major capital city rather than operating from a central location.
The smaller accounting firms are spread throughout Australia... purchase to read more