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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 | Mar 2014

All accounted for: Improving business conditions will drive stronger revenue growth

IBISWorld’s Accounting Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 09-14
2.9%
Annual Growth 14-19
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Profit
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Employment
133,216
Businesses
32,594
Industry Analysis & Industry Trends

The Accounting Services industry's revenue has fluctuated over the past five years due to the global financial crisis and its effect on professional service companies. The crisis was felt during 2008-09, as business confidence plummeted and demand for accounting services faced a severe decline. The industry began to recover 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 increasingly sought to restructure, which requires accounting services for due diligence and auditing. The industry has also expanded its advisory services... 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 servicesBookkeeping
 
Industry Activities
Accounting Auditing Bookkeeping Tax agent service provision


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