Inside the Accounting Industry

INSIDE THE ACCOUNTING INDUSTRY ACCOUNTING INDUSTRY STATISTICS NUMBER OF ESTABLISHED ACCOUNTING FIRMS: 89,188 AVERAGE PROFIT MARGIN: 15.6% REVENUE PER EMPLOYEE $154,500 AVERAGE NUMBER OF EMPLOYEES: AÅ ÅÅÅ AVERAGE WAGES PER EMPLOYEE: $65,930 EMPLOYMENT ACCORDING TO THE U.S. DEPARTMENT OF LABOR, IT PROJECTS A 22 PERCENT JOB GROWTH BETWEEN 2008 AND 2018. STATES WITH THE HIGHEST EMPLOYMENT LEVEL CALIFORNIA NEW YORK PENNSYLVANIA EMPLOYMENT: 133,570 EMPLOYMENT: 94,300 EMPLOYMENT: 53,960 ANNUAL MEAN WAGE: $75.870 ANNUAL MEAN WAGE: $85,140 ANNUAL MEAN WAGE: $70,420 TEXAS FLORIDA EMPLOYMENT: 74,020 ANNUAL MEAN WAGE: $65.6600 EMPLOYMENT: 91,390 ANNUAL MEAN WAGE: $71,850 PRODUCTS & SERVICES SEGMENTATION IN THE ACCOUNTING INDUSTRY GENERAL ACCOUNTING 16.1% AUDITING 44.7% CONSULTING 17.4% CORPORATE TAX SERVICES 21.8% INDUSTRY COSTS TO OPERATE AN ACCOUNTING FIRM MARKETING 4.3% RENT & UTILITIES 7% PURCHASES 3% PROFIT 15.6% OTHER 24.6% WAGES 42.5% DEPRECIATION 3% SOURCES: http://www.aicpa.org/lInterestAreas/ForensicAndValuation/Membership/DownloadableDocuments/accounting-firmscpas.pdf http://www.bls.gov/oes/current/oes132011.htm#top http://education.yaho0.net/articles/hot_degrees_for_the_future.htm PRESENTED BY: JTROY -------