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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 | Jul 2014

Adding up: Improving business conditions will drive stronger revenue growth

IBISWorld’s Accounting Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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 - Starting a New Business Chapter

The barriers to entry into this industry are low. Despite the presence of some large operators, overall concentration is low, with a large number of small players present. The big four accounting firms account for 19% of available market share. These large companies also cater to different markets than the small to medium-size firms, meaning that success for new entrants is not threatened by the dominance of existing firms.

Start-up costs for accounting practices are relatively low, as the industry is labour-intensive (e.g. skills and knowledge) rather than capital-intensive. There are no licences required to operate, and basic bookkeeping requires no formal training... 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 servicesBusiness tax servicesAdvisory servicesPersonal tax servicesBookkeepingInsolvency, reconstruction and bankruptcies
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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