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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

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 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

 


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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