Global Accounting Services by: IBISWorld Accountancy, or accounting, is the production of financial records about an organization. Accountancy generally produces financial statements that show in money terms the economic resources under the control of management; selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.

1. Global Accounting Services
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2. Global Accounting Services
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Like most of the financial sector, the Global Accounting Services industry's revenue
fell in 2009, after reaching a historical peak in 2008, but accounting firms have since
rebounded and hit a new historic high in 2011. While the nature of work
undertaken by the industry will begin to switch back to cyclical activities, such as
corporate advisory work on expansions and major transactions, these activities will
remain relatively depressed compared with before the financial crisis. Demand for
services related to bankruptcies, liquidations and restructures will continue to be
relatively strong as high levels of public and private debt constrain growth in many
major economies.
Accounting firms provide a range of financial services related to accounting. These
include preparation and auditing of financial statements; tax consulting and
preparation of tax returns; bookkeeping; accounting systems design; and financial
and business advisory services.

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This report covers the scope, size, disposition and growth of the industry including
the key sensitivities and success factors. Also included are five year industry
forecasts, growth rates and an analysis of the industry key players and their market
shares.
MAJOR COMPANIES
Ernst & Young International
PricewaterhouseCoopers International Limited
KPMG International
Deloitte Touche Tohmatsu
Global Accounting Services

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