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Accounting Services in Australia

Published by: IBISWorld

Published: Apr. 21, 2004 - 44 Pages


Table of Contents


Definition
Key Statistics
Market Characteristics
Industry Segmentation
Industry Conditions
Performance
Industry Participants
Key Factors
Industry Outlook

Abstract

This report relates to establishments mainly engaged in providing accounting, auditing or bookkeeping services. The services provided relate to all areas of taxation - from FBT, personal and company income tax returns, capital gains and BAS statements related to the GST. The auditing of large private and public company accounts is also undertaken. Many firms also offer business advice and assistance.

The Industry L7842 - Accounting Services in Australia ranks 68 out of 496 by industry turnover and its life cycle is in a decline phase, which means that the industry is generally growing at slower than the economy.

Capital/labour intensity is low and the uptake of new technology is medium. The industry's globalisation level is low and the trend is increasing.

The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover. The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.

The trend for exports is increasing and for imports it's steady. The level of regulation is medium and increasing and government assistance is insignificant and steady.

This industry is forecast to have a strong average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report!

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