By the numbers: Strong economic conditions have driven industry revenue growth

IBISWorld’s Accounting Services in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Threats & Opportunities

  • Technological changes are making basic transactional accounting services increasingly automated
  • Significant legislative changes have also driven demand over the past five years
  • The main challenge facing the industry is the need to evolve in line with changing technology

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    Industry Analysis & Industry Trends

    The Accounting Services industry has performed well over the past five years. Accounting firms derive most of their income from the private sector, and so capital expenditure by the private sector is a major factor influencing the industry's performance on a yearly basis. Robust growth in private sector capital expenditure has supported revenue growth over the past five years, as industry operators benefit from the associated increase in demand for accounting services. As a result, industry revenue is expected to increase at an annualised 3.5% over the five years through 2017-18, including anticipated growth of 3.8% in the current year. Industry revenue is expected to total $3.3 billion in 2017-18, up from $2.8 billion five years earlier...

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    Industry Report - Industry Analysis Chapter

    The Accounting Services industry has performed well over the past five years, posting modest growth as it continues to evolve in line with its changing operating backdrop. Ongoing technological advancements are driving this change, as both industry operators and their clients move to the cloud. This trend is shaking up traditional industry dynamics as competitive forces intensify and as good client relationships become even more important in retaining repeat customers. The recent comprehensive overhaul of New Zealand’s financial reporting legislation has also served to change the industry’s operating backdrop, with the associated legislative changes amending both who must provide financial statements and what these financial reporting requirements are. The..

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    Additional Insights for the Accounting Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Accounting Services Industry are

  • Access to highly skilled workforce
  • Maintenance of excellent customer relations
  • Membership of an industry organisation
  • IBISWorld analysts also discuss how external factors such as Capital expenditure by the private sector and Business confidence index in the Accounting Services industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Accounting Services in New Zealand Industry?

    Industry firms are involved in the provision of accounting, auditing and bookkeeping services. These services relate to all areas of financial reporting, taxation and auditing. Many industry firms also offer business advice and assistance. The industry does not include those firms primarily engaged in payroll processing, billing or record-keeping services.

    Industry Products
    Audit services
    Advisory services
    Tax services
    Bookkeeping services
    General accountancy services
    Industry Activities
    Accounting services
    Auditing services
    Bookkeeping services
    Tax agent services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Capital expenditure by the private sector
  • Business confidence index
  • Number of businesses
  • IT and telecommunications adoption

  • Current Performance
  • Growth drivers
  • Intensifying competitive pressures
  • Chart: Revenue Growth

  • Industry Outlook
  • Challenges and opportunities
  • Table: Accounting Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Accounting Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Banking in New Zealand
  • Consumers in New Zealand

  • Key Selling Industries
  • Commercial Property Operators in New Zealand
  • Computer and Computer Peripheral Retailing in New Zealand
  • Computer System Design Services in New Zealand
  • Stationery Goods Retailing in New Zealand

  • Products & Services
  • General accountancy services
  • Advisory services
  • Audit services
  • Tax services
  • Bookkeeping services
  • Chart: Accounting Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Financial, insurance and business services
  • Distribution, accommodation, transport and communication industries
  • Goods-producing industries
  • Households
  • Other markets
  • Chart: Major Market Segmentation for the Accounting Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Accounting Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Accounting Services Industry

  • Industry Globalization
    Major Companies
    PricewaterhouseCoopers Nominee CompanyDeloitte Nominee Company LimitedErnst & Young Corporate Nominees LimitedKPMG Nominee Company Limited
  • Table: PricewaterhouseCoopers Nominee Company - financial performance
  • Table: Deloitte Nominee Company Limited - financial performance
  • Table: Ernst & Young Corporate Nominees Limited - financial performance
  • Table: KPMG Nominee Company Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Accounting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Accounting Services Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • An audit is provided by an auditor who gives an opinion as to whether a company's financial statements present a true and fair view.
  • Fmc Reporting Entities
  • These include issuers of financial products as defined by the Financial Markets Conduct Act 2013, which introduced new financial reporting obligations for FMC reporting entities.
  • Gaap
  • Stands for generally accepted accounting practice. GAAP financial reports are prepared under NZ-IFRS Standards.
  • Ifrs
  • International Financial Reporting Standards are a global set of accounting standards developed by the International Accounting Standards Board, an independent, not-for-profit organisation.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Accounting Services in New Zealand:
    • 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 New Zealand 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Accounting Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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