Accounting Services in Australia - Market Research Report

Accounting Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.1%

The Accounting Services industry has displayed modest revenue growth over the past five years, due to positive business confidence and rising demand for industry-specific advisory services. Audit services have remained a dependable source of revenue for industry firms over the past five years, as audits are a legal requirement for many companies. In addition, the industry has expanded its value-added services by incorporating new technology such as data analytics and cloud-based accounting. These value-added services have larger profit margins than traditional tax and audit processing. Industry revenue is expected to increase at an annualised 0.4% over the five years through 2019-20, to reach $20.3 billion. Consolidation has increased across many pr...
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Accounting Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The performance of the Accounting Services industry is expected to improve over the next five years. An anticipated rise in private capital expenditure, continued positive business confidence and growth in the number of businesses are forecast to drive industry growth over the period. In particular, strong projected growth in capital expenditure by the private sector is anticipated to boost demand for accounting services, as companies legally require due diligence and audit services prior to making capital outlays. Overall, industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to a total of $XX.X billion. Larger industry operators are likely to benefit from increasing integration with the Asia-Pacific region...
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Accounting Services industry statistics

  • attach_money Market Size: $20bn
  • business Number of Businesses: 39,126
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 132,266

Biggest companies in the Accounting Services industry

The companies holding the largest market share in the Accounting Services in Australia industry include PricewaterhouseCoopers, Ernst & Young, Deloitte Touche Tohmatsu and KPMG.

  • pie_chart PricewaterhouseCoopers Market Share: x.x%
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  • pie_chart Ernst & Young Market Share: x.x%
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  • pie_chart Deloitte Touche Tohmatsu Market Share: x.x%
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  • pie_chart KPMG Market Share: x.x%
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What is Accounting Services industry?

Industry Definition

Industry companies provide accounting services, including auditing accounting records, preparing financial statements, preparing tax returns and bookkeeping. In conjunction with these services, industry companies may also offer business advice and assistance. Payroll processing, billing and record-keeping services are excluded from the industry.

Industry Products and Services

  • Audit services
  • Advisory services
  • Tax services
  • Bookkeeping services
  • All Others

Industry Activities

  • Accounting services
  • Auditing services
  • Bookkeeping services
  • Tax agent services

Market research report - table of contents

Industry Definition

Industry companies provide accounting services, including auditing accounting records, preparing financial statements, preparing tax returns and bookkeeping. In conjunction with these services, industry companies may also offer business advice and assistance. Payroll processing, billing and record-keeping services are excluded from the industry.

Main Activities

  • Accounting services
  • Auditing services
  • Bookkeeping services
  • Tax agent services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Capital expenditure by the private sector measures businesses' investment in the economy. This investment includes expenditure on construction projects, m...
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Capital expenditure by the private sector
Number of businesses
Business confidence index
IT and telecommunications adoption

Current Performance

Industry consolidation
Employment trends
Technological change
 Chart: Revenue Growth

Industry Outlook

Consolidation and regulation
 Table: Accounting Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Accounting Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Manufacturing
Public Administration and Safety
Health Care and Social Assistance
Finance in Australia
Professional Services in Australia
Consumers

Key Selling Industries

Computer and Software Retailing in Australia
Office Property Operators in Australia
Stationery Goods Retailing in Australia




Products & Services

Operators in the Accounting Services industry primarily offer audit, advisory, tax and bookkeeping services. An operator's size will likely affect its ser...
Financial services firms
Manufacturing and construction firms
Households
Other markets


Demand Determinants

Demand for industry services is derived from both the public and private sectors, and ranges from large corporations to individual consumers. Clients requ...
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Major Markets

Financial services firms
Manufacturing and construction firms
Households
Other markets



 Chart: Major Market Segmentation for the Accounting Services in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Accounting Services industry exhibits a low level of market share concentration. The top four accounting firms in the industry, PricewaterhouseCoopers...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Accounting Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Accounting Services in Australia - Market Research Report Industry

Industry Globalization

PricewaterhouseCoopers (PwC) was formed in 1998, through the merger of Coopers & Lybrand and Price Waterhouse & Co. The company is a global collection of ...
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PwC Australia

 Table: PwC Australia - financial performance

EY

 Table: EY - financial performance

Deloitte Touche Tohmatsu

 Table: Deloitte Touche Tohmatsu - financial performance

KPMG

 Table: KPMG - financial performance

Capital Intensity

The Accounting Services industry exhibits a low level of capital intensity. For every dollar spent on wages in 2019-20, industry operators are expected to...
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 Chart: Level of Capital Intensity for the Accounting Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Accounting Services in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Accounting Services industry?

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This report on Accounting Services in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Accounting Services in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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