Research and Markets: An Essential Report on Accounting Services in the US

Research and Markets (http://www.researchandmarkets.com/research/dd6415/accounting_service) has announced the addition of the "Accounting Services" report to their offering.

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Executive Summary

Brief Excerpt from Industry Overview Chapter:

The US accounting services industry includes about 100,000 firms with combined annual revenue of about $115 billion. Major companies include "Big Four" accounting firms Deloitte Touche Tohmatsu, PricewaterhouseCoopers, KPMG, and Ernst & Young, as well as payroll services provider Automatic Data Processing (ADP) and tax preparer H&R Block. The industry is fragmented: the 50 largest companies hold less than 50 percent of the market.

Besides offices of certified public accountants, the industry includes that firms that provide bookkeeping, payroll, tax preparation, and other accounting services.

COMPETITIVE LANDSCAPE

Demand for accounting services depends on new business formations, the increasing complexity of corporate business, and higher personal income. The profitability of individual firms depends on the right mix of services and effective marketing. Large firms have advantages in providing a range of services to large corporate clients and having the resources to serve customers with many locations. Small firms can compete effectively by specializing and providing superior service. The industry is labor-intensive: average annual revenue per worker is about $85,000.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include payroll, tax preparation, auditing, bookkeeping, tax consulting, and general accounting. Payroll services account for 25 percent of industry revenue, tax preparation for 20 percent, and auditing for 15 percent. Bookkeeping represents 10 percent of industry revenue, and tax consulting and general accounting, 5 percent each. Other services include computerized accounting systems, training, financial statement review and procedures, and management consulting. ...

Key Topics Covered:

• Industry Overview
• Quarterly Industry Update
• Business Challenges
• Trends AND Opportunities
• Call Preparation Questions
• Financial Information
• Industry Forecast
• Website and Media Links
• Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/research/dd6415/accounting_service

Source: First Research