Industry Analysis & Industry Trends
The Accounting Services industry's revenue has grown strongly over the past five years, shrugging off any lingering effects of the global financial crisis. After weak growth in 2009-10, the industry rebounded in 2010-11. This included strong returns from the four largest firms in the industry. Nevertheless, weak business conditions resulted in the industry declining slightly in 2012-13. Over the past five years, increased restructuring of businesses in Australia has boosted demand for industry services, as accounting services are required for due diligence and auditing. The industry has also 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... purchase to read more