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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-K
 (Mark One)
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended August 31, 2007
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 for the transition period from       to       .
 Commission File Number: 000-49713
 
 ACCENTURE SCA
 (Exact name of registrant as specified in its charter)
 Luxembourg
    
    98-0351796(State or other jurisdiction of
    
    (I.R.S. Employer Identification No.)incorporation or organization)
 46A, Avenue J.F. Kennedy
L-1855 Luxembourg
(Address of principal executive offices)

(352) 26 42 35 00
(Registrants telephone number, including area code)
   
   þ o
 o þ
 þ o
 o
  þ o o
 o þ
   DOCUMENTS INCORPORATED BY REFERENCE




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TABLE OF CONTENTS
 PagePart IItem 1.
    
    Business
    
    3Item 1A.
    
    Risk Factors
    
    19Item 1B.
    
    Unresolved Staff Comments
    
    33Item 2.
    
    Properties
    
    33Item 3.
    
    Legal Proceedings
    
    33Item 4.
    
    Submission of Matters to a Vote of Security Holders
    
    34Part IIItem 5.
    
    Market for Registrants Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
    
    35Item 6.
    
    Selected Financial Data
    
    38Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    39Item 7A.
    
    Quantitative and Qualitative Disclosures about Market Risk
    
    60Item 8.
    
    Financial Statements and Supplementary Data
    
    61Item 9.
    
    Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
    
    61Item 9A.
    
    Controls and Procedures
    
    61Item 9B.
    
    Other Information
    
    62Part IIIItem 10.
    
    Directors, Executive Officers and Corporate Governance
    
    62Item 11.
    
    Executive Compensation
    
    62Item 12.
    
    Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters
    
    62Item 13.
    
    Certain Relationships and Related Transactions, and Director Independence
    
    63Item 14.
    
    Principal Accounting Fees and Services
    
    63Part IVItem 15.
    
    Exhibits, Financial Statement Schedules
    
    63Signatures
    
    
    
    67
 2




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PART I
 Disclosure Regarding Forward-Looking Statements
  Available Information
    ITEM 1. BUSINESS
 Overview
    3




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Consulting, Technology and Outsourcing Services and Solutions
    Operating Groups
  Operating GroupsCommunications
    
    Financial& High Tech
    
    Services
    
    Products
    
    Resources
    
    Public Service   Communications
    
       Banking
    
       Automotive
    
       Chemicals
    
       Public
Service   Electronics & High Tech
    
       Capital
Markets
    
       Consumer Goods & Services
    
       Energy   Media & Entertainment
    
       Insurance
    
       Health & Life
Sciences
    
       Natural
Resources   Industrial Equipment

    
       Utilities   Retail   Transportation & Travel Services
 Communications & High Tech
  
    
    Communications.Our Communications industry group serves many of the worlds leading
wireline, wireless, cable and satellite communications network operators and service
providers. We provide a wide range of services designed to help our communications clients
increase margins, improve asset utilization, improve customer retention, increase revenues,
reduce overall costs and accelerate sales cycles. We offer a suite of reusable solutions,
called Accenture Communications Solutions, designed to address major business and
operational issues related to broadband and Internet protocol-based networks and services,
including business intelligence, billing transformation, customer contact transformation,
sales force transformation, service fulfillment and next-generation network optimization. Our Communications industry
group represented approximately 62% of our Communications & High Tech operating groups
revenues before reimbursements in fiscal 2007.
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
    
    Electronics & High Tech.Our Electronics & High Tech industry group serves the
communications technology, consumer technology, enterprise technology, semiconductor,
software and aerospace/defense segments. This industry group provides services in areas such
as strategy, enterprise resource management, customer relationship management, supply chain
management, software development, human performance, and merger/acquisition activities,
including post-merger integration. We also offer a suite of reusable solutions, called
Accenture High Tech Solutions, designed to address the industrys major business and
operational challenges, such as new product innovation and development, customer service and
support, sales and marketing, and globalization. Our Electronics & High Tech industry group
represented approximately 30% of our Communications & High Tech operating groups revenues
before reimbursements in fiscal 2007.
    
    Media & Entertainment.Our Media & Entertainment industry group serves the broadcast,
entertainment (television, music and movie), print, publishing and portal industries.
Professionals in this industry group provide a wide range of services, including digital
content solutions designed to help companies effectively manage, distribute and protect
content across numerous media channels. These include Accenture Digital Media Services,
which provide a comprehensive solution set to leading content owners and distributors,
helping them adapt their organizations business processes and systems to stay ahead of the
demand for digital content and services.
 Financial Services
  
    
    Banking.Our Banking industry group works with retail and commercial banks and
diversified financial enterprises. We help these organizations develop and execute
strategies to target, acquire and retain customers more effectively, expand product and
service offerings, comply with new regulatory initiatives, and leverage new technologies and
distribution channels. Our Banking industry group represented approximately 56% of our
Financial Services operating groups revenues before reimbursements in fiscal 2007.
    
    Capital Markets.Our Capital Markets industry group helps investment banks,
broker/dealers, asset-management firms, depositories, clearing organizations and exchanges
improve operational efficiency and transform their businesses to increase competitiveness.
For example, we help clients develop and implement innovative trading, asset-management and
market-information-management systems and solutions.
    
    Insurance.Our Insurance industry group helps property and casualty insurers, life
insurers, reinsurance firms and insurance brokers improve business processes, modernize
their technologies and improve the quality and consistency of risk selection decisions. Our
Insurance industry group offers a claims management capability that enables insurers to
provide better customer service while optimizing claims costs, as well as industry-leading
insurance policy administration technology solutions that enable insurers to bring products
to market more quickly and reduce costs. We also provide a variety of outsourced solutions
to help insurers improve working capital and cash flow, deliver permanent cost savings and
enhance long-term growth.
 Products
  
    
    Automotive.Our Automotive industry group works with auto manufacturers, suppliers,
dealers, retailers and service providers. Professionals in this industry group help clients
develop and implement innovative solutions focused on product development and
commercialization, customer service and retention, channel strategy and management,
branding, buyer-driven business models, cost reduction, customer relationship management and
integrated supplier partnerships.
    
    Consumer Goods & Services.Our Consumer Goods & Services industry group serves food,
beverage, household goods and personal care, tobacco and footwear/apparel manufacturers
around the world. We add value to these companies through service offerings designed to enhance performance by addressing critical elements of success,
including sales and marketing productivity, customer and consumer insight, working capital
productivity improvement, supply chain collaboration, and overhead productivity improvement.
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
    
    Health & Life Sciences.Our Health & Life Sciences industry group works with healthcare
providers, government health departments, policy-making authorities/regulators, managed care
organizations, health insurers and pharmaceutical, biotechnology, medical products and other
industry-related companies to improve the quality, accessibility and affordability of
healthcare. Our key offerings include health clinical transformation, electronic health
records and hospital back-office services in the provider/government segment; research and
development transformation, commercial effectiveness and customer interaction, and
integrated electronic compliance (manufacturing and supply chain) in the pharmaceuticals and
medical products segment; and health information and data management, claims excellence/cost
containment and health plan back-office services in the payor segment.
    
    Industrial Equipment.Our Industrial Equipment industry group serves the industrial and
electrical equipment, construction, consumer durable and heavy equipment industries. We help
our clients increase operating and supply chain efficiencies by improving processes and
leveraging technology. We also help clients generate value from strategic mergers and
acquisitions. In addition, our Industrial Equipment industry group develops and deploys
innovative solutions in the areas of channel management, collaborative product design,
remote field maintenance, enterprise application integration and outsourcing.
    
    Retail.Our Retail industry group serves a wide spectrum of retailers and distributors,
including supermarkets, specialty premium retailers and large mass-merchandise discounters.
We provide service offerings that help clients address new ways of reaching the retail trade
and consumers through precision marketing; maximize brand synergies and cost reductions in
mergers and acquisitions; improve supply chain efficiencies through collaborative commerce
business models; and enhance the efficiency of internal operations.
    
    Transportation & Travel Services.Our Transportation & Travel Services industry group
serves companies in the airline, freight transportation, third-party logistics, hospitality,
gaming, car rental, passenger rail and travel distribution industries. We help clients
develop and implement strategies and solutions to improve customer relationship management
capabilities, operate more-efficient networks, integrate supply chains, develop procurement
and electronic business marketplace strategies, and more effectively manage maintenance,
repair and overhaul processes and expenses. Through our Navitaire subsidiary, we offer
airlines a range of transaction-processing services on an outsourced basis, including
distribution, Internet reservations, airport check-in, revenue management and accounting,
crew scheduling and management, and disruption recovery.
 Resources
  
    
    Chemicals.Our Chemicals industry group works with a wide cross-section of industry
segments, including petrochemicals, specialty chemicals, polymers and plastics, gases and
life science companies. We also have long-term outsourcing contracts with many industry
leaders.
    
    Energy.Our Energy industry group serves a wide range of companies in the oil and gas
industry, including upstream, downstream and oil services companies. Our key areas of focus
include helping clients optimize production, manage the hydrocarbon supply chain, streamline
retail operations and realize the full potential of third-party enterprise-wide technology
solutions. In addition, our multi-client outsourcing centers enable clients to increase
operational efficiencies and exploit cross-industry synergies. Our Energy industry group
represented approximately 31% of our Resources operating groups revenues before
reimbursements in fiscal 2007.
    
    Natural Resources.Our Natural Resources industry group serves the forest products and
metals and mining industries. We help lumber, pulp, papermaking, converting and packaging
companies, as well as iron, steel, aluminum, coal, copper and precious metals companies,
develop and implement new business strategies, redesign business processes, manage complex
change initiatives, and integrate processes and technologies to achieve higher levels of
performance.
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
    
    Utilities.Our Utilities industry group works with electric, gas and water utilities
around the world to respond to an evolving and highly competitive marketplace. The groups
work includes helping utilities transform themselves from regulated, and sometimes
state-owned, local entities to global deregulated corporations, as well as developing diverse
products and service offerings to help our clients deliver higher levels of service to their
customers. These offerings include customer relationship management, workforce enablement,
supply chain optimization, and trading and risk management. We also provide a range of
outsourced customer-care services to utilities and retail energy companies in North America.
Our Utilities industry group represented approximately 40% of our Resources operating groups
revenues before reimbursements in fiscal 2007.
 Public Service
     Growth
Platforms
  Management Consulting
  
    
    Customer Relationship Management.The professionals in our Customer Relationship
Management (CRM) service line help companies acquire, develop and retain more profitable
customer relationships. We offer a full range of innovative capabilities that address every
aspect of CRM, including marketing, direct and indirect sales, customer service, field
support and customer contact operations. These capabilities include rigorous approaches to
improving the return on marketing investment, methods for building insight into customers
purchase habits and service preferences, tailoring offers and service treatment based upon
that insight, and unique methods of optimizing the quality, cost and revenue impact of sales
and service operations. We use these skills to help our clients accelerate growth, improve
marketing and sales productivity and reduce customer-care coststhus increasing the value of
their customer relationships and enhancing the economic value of their brands.
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
    
    Finance & Performance Management.The professionals in our Finance & Performance
Management service line work with our clients finance and business unit executives to
develop financial transaction processing, risk management and business performance reporting
capabilities. Among the services we provide are strategic consulting on the design and
structure of the finance function; the establishment of shared service centers; and the
configuration of enterprise resource planning platforms for streamlining transaction
processing. Our finance capability services also address revenue cycle management, billing,
credit risk and collection effectiveness, electronic invoicing and settlement, tax
processing, lending and debt recovery. Our performance management services address
shareholder value targeting, scorecard and performance metrics development, performance
reporting solutions and applied business analytics to improve profitability. Our
professionals often utilize the resources of Accenture Finance Solutions, one of our business
process outsourcing (BPO) businesses, and work with finance executives to develop and
implement solutions that help them align their companies investments with their business
objectives and establish security relating to the exchange of information to reporting
institutions.
    
    Human Performance.The professionals in our Human Performance service line work with
clients on a wide range of talent management, workforce and organizational issues to deliver
improved business and operational results. Our integrated approach and end-to-end
capabilities include services and solutions in organization and change management, human
resources (HR) administration, learning, knowledge management, organizational performance
management, talent management, HR information technology (IT) systems implementation and
overall transformation of key workforces. Through our Human Performance service line, we help
companies and governments improve the efficiency and effectiveness of their HR services while
lowering associated costs; deliver improvements in employee and workforce performance; and
transform organizations through project-, program- and enterprise-level change management.
    
    Strategy.Our Strategy professionals combine their strategy and operations experience to
help our clients turn insights into results at both the enterprise and business-unit level.
With deep skills and capabilities in corporate strategy, corporate restructuring, growth and
innovation strategies, mergers and acquisitions, merger integration, organization strategy,
pricing strategy and profitability assessment, we help clients developand executepragmatic
solutions that transform organizations and drive sustained high performance.
    
    Supply Chain Management.The professionals in our Supply Chain Management service line
work with clients across a broad range of industries to develop and implement supply chain
and operations strategies that enable profitable growth in new and existing markets. Our
professionals combine global industry expertise and skills in supply chain strategy, sourcing
and procurement, supply chain planning, manufacturing and design, fulfillment and service
management to help organizations achieve high performance. We work with clients to implement
innovative consulting and outsourcing solutions that align operating models to support
business strategies; optimize global operations; support profitable product launches; and
enhance the skills and capabilities of the supply chain workforce.
 Systems Integration and Technology
  Systems Integration
  
    
    Enterprise Solutions and Enterprise Resource Planning.We implement a variety of
application softwareincluding SAP and Oracle, among othersto streamline business
processes, systems and information and help organizations access, manage and exploit
data to make more-informed business decisions. Our skilled professionals provide
planning, implementation and upgrade solutions across the primary application software
product suites.
    
    Industry and Functional Solutions. Accenture provides clients with robust,
large-scale industry and functional solutions based on proprietary reusable assets,
aggregated into industry solutions, such as the Accenture Communications Solutions
suite, the Accenture Revenue Solution suite for tax offices, as well as solutions for
major industry-specific requirements.
    
    Service-Oriented Architecture.We help CIOs and business leaders use
service-oriented architecture to enable improvement in IT efficiency and a more
effective alignment between business processes and applications. Accenture guides
organizations through a four-phased approach for designing and building flexible IT
solutions that enable
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business process components to be assembled and used more efficiently to deliver
distinctive business services and capabilities for higher performance.
    
    Complex Solution Architecture.With deep skills and expertise in both J2EE
(Java-based) and .NET technology architectures, we work with clients to address gaps in
the functionality provided by commercial packaged applications; address technical
aspects of the business process that are unique to a client; and develop customized
technical solutions for business processes for which no packaged solutions are
available.
    
    Mobility Solutions.We help clients develop solutions that give their workforces
access to key enterprise applications including online trading and wealth management,
supply chain management, telematics, radio frequency identification, field force
enablement and customer relationship managementthrough mobile devices and/or the
Internet. These solutions enable clients to improve efficiency, lower costs, enhance
differentiation and ensure compliance.
    
    Microsoft Solutions.Together with our alliance partner Microsoft and our Avanade
Inc. subsidiary, we develop and deliver cost-efficient, innovative business solutions
based on Microsoft Windows Server and other .NET technologies, leveraging our deep
industry expertise and practical applications of leading-edge technologies.
 Technology Consulting
  
    
    IT Strategy & Transformation.We help CEOs and CIOs link IT investments to business
results and help manage those investments to ensure that planned business impact is
achieved. We also help CIOs transform how IT works, both internally and with business
partners, so that IT is run like a business to deliver high performance.
    
    Information Management Services.We provide services to help organizations manage
the full range of their information needs to improve data quality, enhance
decision-making capabilities and meet compliance requirements. This includes managing
both structured data (business intelligence) and unstructured content (content
management and portals), as well as developing information strategies and data
architectures.
    
    Enterprise Architecture.We provide solutions that integrate IT with business
capabilities to provide a seamless operating environment for organizations. Our
solutions provide a reference point for measuring both IT investment and results,
creating the delivery roadmap that defines how IT systems need to change to drive future
business growth and higher performance.
    
    Infrastructure Consulting Services.We provide solutions to help organizations
optimize their IT infrastructures while reducing costs. From data center, operations
engineering and enterprise network design and implementation to desktop and security
solutions, our services enable clients to rationalize, standardize, optimize, secure and
transform their IT infrastructures for improved performance of mission-critical business
processes, applications and end users.
    
    Research & Development.Through Accenture Technology Labsour research and
development organizationwe use new and emerging technologies to develop business
solutions that we believe will be the drivers of our clients growth and enable them to
be first to market with unique capabilities. Key areas of research and development for
clients include information insight, collaboration, biometrics, virtualized
infrastructures, predictive maintenance, Web 2.0 and sensor technologies, among others.
    
    Microsoft Solutions.Together with our alliance partner Microsoft and our Avanade
Inc. subsidiary, we design and provide cost-efficient, innovative business solutions
based on Microsoft Windows Server and other .NET technologies, leveraging our deep
industry expertise and practical applications of leading-edge technologies.
    
    E-Commerce Solutions.  We provide clients with solutions that move more of their
business and internal operations online to improve productivity, manage costs and drive
revenue growth.  We help clients incorporate next-generation e-Commerce technologysuch
as wikis, blogs, crowd-sourcing and mash-ups, among othersto create significant
opportunities for collaboration and sharing with their employees, suppliers and
customers.
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Outsourcing
  
    
    Business Process Outsourcing.We work with clients to develop and deliver business process
innovations that transform their businesses and deliver higher levels of performance and
results as well as lower costs. Through our BPO services, we manage specific business
processes or functions for clients, providing solutions that are more efficient and
cost-effective than if the functions were provided in-house. In addition to providing
individual BPO services, we can bundle two or more business functions to provide clients with
even greater efficiencies, control and cost savings.We offer clients across all industries a variety of function-specific BPO services, including
finance and accounting, human resources, learning, procurement and customer contact. We also
offer specialized services tailored to clients in specific industries. For instance, we offer
life insurers policy administration and management services, including high-volume transaction
processing capabilities. We provide utilities companies in North America and Europe with field
services, as well as specialized customer care, finance and accounting, human resources,
supply chain and IT services. We help market-leading health payers improve service
performance in core operational functions, coupled with accompanying cost reductions. We
provide services to medical organizations that improve and accelerate clinical development
productivity. In addition, through our Navitaire subsidiary, we offer airlines a range of
transaction-processing services, including distribution, Internet reservations, airport
check-in, revenue management and accounting, crew scheduling and management, and disruption
recovery.
    
    Application Outsourcing.Accenture takes a holistic approach to application outsourcing
that goes beyond traditional cost-cutting measures, helping clients improve the total
performance of application development and maintenance. We provide a wide array of
application outsourcing services under flexible arrangements, managing custom or packaged
software applicationsincluding enterprise-wide applications such as SAP and Oracleover
their complete development and maintenance life-cycles. The scope of services ranges from
standardized, discrete application outsourcing services, including application testing,
application management of enterprise-wide software programs and capacity services, to
large-scale application enhancement and development for individual or multiple applications,
as well as application portfolio rationalization and consolidation. We can also take
end-to-end responsibility for all of a clients IT function, including infrastructure and
operations, leveraging our shared services delivery groups and our application and
infrastructure transformation consulting expertise to deliver significant gains in client
productivity, providing services from a variety of locations, including lower-cost locations.By transferring to Accenture the responsibility for managing one or more of their
applications, clients can leverage our assets, scale and global resources as well as our
secure, global infrastructure delivery capabilities. This allows clients to maintain and
control the overall performance of their IT capabilities while reducing the complexity and
costs associated with managing third parties and increasing the flexibility, scalability,
predictability and security of their IT infrastructures.
    
    Infrastructure Outsourcing.We deliver an integrated set of managed infrastructure
services encompassing all infrastructure functionsfrom network access and desktop management
to remote technology support. Services can be delivered as discrete, standalone solutions or
bundled with Accenture application outsourcing and BPO services. Our infrastructure
outsourcing services include:
 
    
    IT spend managementAsset management, as well as managed
procurement and technology spend, to reduce overall IT non-salary spending;
    
    Data server and multi-function servicesHosting to support
development and production environments, storage services, database management
and messaging services;
    
    Service deskSingle point of contact for support and online portal
services to resolve frontline issues;
    
    Security servicesIdentity management, intrusion and firewall
protection, end-user device and messaging security, and policy and awareness;
    
    Communications servicesData and voice network management,
optimization and converged services; and
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
    
    Workplace servicesLifecycle management for desktops, field
services and mobile devices, and file and print services.
 Global Delivery Model
      Alliances
   Research and Innovation
   11




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Employees
   Competition
  
    
    Off-shore service providers in lower-cost locations, particularly Indian providers,
that offer services similar to those we offer, often at highly competitive prices;
    
    Large multinational providers, including the service arms of large global technology
providers, that offer some or all of the consulting, systems integration and technology,
and outsourcing services that we do;
    
    Niche solution or service providers that compete with us in a specific geographic
market, industry segment or service area, including companies that provide new or
alternative products, services or delivery models; and
    
    Accounting firms that are expanding or re-emphasizing their provision of consulting
services.
  Fortune Fortune
 
    
    skills and capabilities of people;
    
    innovative service and product offerings;
    
    ability to add value;
    
    reputation and client references;
    
    price;
    
    scope of services;
    
    service delivery approach;
    
    technical and industry expertise;
    
    quality of services and solutions;
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
    
    ability to deliver results on a timely basis;
    
    availability of appropriate resources; and
    
    global reach and scale.
  Intellectual Property
   Organizational Structure
    13




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Accenture SCA Class I Common Shares
  de minimis de minimis de minimis. de minimis
 Accenture SCA Class II and Class III Common Shares
     14




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Accenture Ltd Class A Common Shares and Class X Common Shares
   Accenture Canada Holdings Inc. Exchangeable Shares
  Restrictions on the Transfer of Certain Accenture Shares
 Accenture Ltd Bye-Laws
 Covered Person Transfer Restrictions
 Current senior executives.
   15




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Total number of Accenture LtdClass A common shares held bycurrent employees that arescheduled to become available fortransfer1st Quarter Fiscal 2008
    
    
    2,200,6912nd Quarter Fiscal 2008
    
    
    2,031,8903rd Quarter Fiscal 2008
    
    
    2,031,8904th Quarter Fiscal 2008
    
    
    8,347,8091st Quarter Fiscal 2009
    
    
    2,031,8902nd Quarter Fiscal 2009
    
    
    2,031,8903rd Quarter Fiscal 2009
    
    
    2,031,8904th Quarter Fiscal 2009
    
    
    2,033,719
 Former senior executives
 Cumulative percentage of sharespermitted to be transferred
    
    Years after July 24, 200110%
    
    1 year25%
    
    2 years35%
    
    3 years45%
    
    4 years55%
    
    5 years65%
    
    6 years75%
    
    7 years100%
    
    The later of (a) 8 years or (b) end of employment by Accenture
 
    
    Notwithstanding the foregoing, covered persons retiring from Accenture at the age of 50
or older are permitted to transfer covered shares they own on an accelerated basis as
follows:
 Percentage of remainingtransfer restricted sharesAge at retirement
    
    permitted to be transferred56 or older
    
    
    100
    %55
    
    
    87.5
    %54
    
    
    75
    %53
    
    
    62.5
    %52
    
    
    50
    %51
    
    
    37.5
    %50
    
    
    25
    %
 
    
    In addition, a retired senior executive who reaches the age of 56 is permitted to
transfer any covered shares he or she owns. Any remaining shares owned by retiring senior
executives for which transfer restrictions are not released on an accelerated basis will be
eligible to be transferred as if the retiring senior executive continued to be employed by
Accenture.
    
    Covered persons who became disabled before our transition to a corporate structure are
permitted to transfer all of their covered shares. Current and former senior executives who
have become disabled since our transition to a corporate structure are subject to the
general transfer restrictions applicable to employees or, if disabled after the age of 50,
benefit from the accelerated lapses of transfer restrictions applicable to retired senior
executives.
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Term and Amendment.
 Waivers and Adjustments.
 
    
    participate as sellers in underwritten public offerings of common shares and tender and
exchange offers and share purchase programs by Accenture;
    
    transfer covered shares in family or charitable transfers;
    
    transfer covered shares held in employee benefit plans; and
    
    transfer covered shares in particular situations (for example, to immediate family
members and trusts).
  Administration and Resolution of Disputes.
 Articles of Association of Accenture SCA
 General.
 Covered Person Transfer Restrictions.
 Current senior executives
  17




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Total number of Accenture SCAClass I common shares held bycurrent employees that arescheduled to become available fortransfer1st Quarter Fiscal 2008
    
    
    5,730,1712nd Quarter Fiscal 2008
    
    
    5,148,0043rd Quarter Fiscal 2008
    
    
    5,148,0044th Quarter Fiscal 2008
    
    
    20,504,9211st Quarter Fiscal 2009
    
    
    5,148,0042nd Quarter Fiscal 2009
    
    
    5,148,0043rd Quarter Fiscal 2009
    
    
    5,148,0044th Quarter Fiscal 2009
    
    
    5,152,637
 Former senior executives.
 Cumulative percentage of sharespermitted to be transferred
    
    Years after July 24, 200135%
    
    3 years45%
    
    4 years55%
    
    5 years65%
    
    6 years75%
    
    7 years100%
    
    The later of (a) 8 years or (b) end of employment by Accenture
 
    
    Covered persons retiring at the age of 50 or above or who become disabled are granted
accelerations of these provisions on terms identical to those applicable to Accenture Ltd
Class A common shares held by covered persons and described under Accenture Ltd
Bye-LawsCovered Person Transfer Restrictions above.
  18




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Term and Amendment.
 Waivers and Adjustments.
 
    
    participate as sellers in underwritten public offerings of common shares and tender and
exchange offers and share purchase programs by Accenture;
    
    transfer covered shares in family or charitable transfers; and
    
    transfer covered shares in particular situations (for example, to immediate family
members and trusts).
  Other Restrictions.
 Administration and Resolution of Disputes.
 Senior Executive Ownership Requirements
  Senior Executive Trading Policy
  ITEM 1A. RISK FACTORS
  19




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Risks That Relate to Our Business
 Our results of operations could be negatively affected if we cannot expand and develop our
services and solutions in response to changes in technology and client demand.
  The consulting, systems integration and technology, and outsourcing markets are highly
competitive, and we might not be able to compete effectively.
  
    
    Off-shore service providers in lower-cost locations, particularly Indian providers, that
offer services similar to those we offer, often at highly competitive prices;
    
    Large multinational providers, including the service arms of large global technology
providers, that offer some or all of the consulting, systems integration and technology, and
outsourcing services that we do;
    
    Niche solution or service providers that compete with us in a specific geographic market,
industry segment or service area, including companies that provide new or alternative
products, services or delivery models; and
    
    Accounting firms that are expanding or re-emphasizing their provision of consulting
services.
    Our results of operations could be affected by economic and political conditions and the
effects of these conditions on our clients businesses and levels of business activity.
  20




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Our work with government clients exposes us to additional risks inherent in the government
contracting environment.
  
    
    Government entities typically fund projects through appropriated monies. While these
projects are often planned and executed as multi-year projects, the government entities
usually reserve the right to change the scope of or terminate these projects for lack of
approved funding and at their convenience. Changes in government or political developments
could result in our projects being reduced in scope or terminated altogether.
    
    Government entities often reserve the right to audit our contract costs, including
allocated indirect costs, and conduct inquiries and investigations of our business practices
with respect to our government contracts. If the client finds that the costs are not
reimbursable, then we will not be allowed to bill for them, or the cost must be refunded to
the client if it has already been paid to us. Findings from an audit also may result in our
being required to prospectively adjust previously agreed rates for our work and may affect
our future margins.
    
    If a government client discovers improper or illegal activities in the course of audits
or investigations, we may become subject to various civil and criminal penalties and
administrative sanctions, which may include termination of contracts, forfeiture of profits,
suspension of payments, fines and suspensions or debarment from doing business with other
agencies of that government. The inherent limitations of internal controls may not prevent
or detect all improper or illegal activities, regardless of their adequacy. Additionally, an
allegation of improper activity, even if not proven, could result in adverse publicity and
damage to our reputation and business.
    
    Government contracts, and the proceedings surrounding them, are often subject to more
extensive scrutiny and publicity than contracts with commercial clients. Negative publicity
related to our government contracts, regardless of its accuracy, may further damage our
business by affecting our ability to compete for new contracts.
    
    Political and economic factors such as pending elections, the outcome of recent
elections, changes in leadership among key executive or legislative decision makers,
revisions to governmental tax policies and reduced tax revenues can affect the number and
terms of new government contracts signed.
    
    Terms and conditions of government contracts tend to be more onerous and are often more
difficult to negotiate than those for commercial contracts.
  Our business could be adversely affected if our clients are not satisfied with our services.
  21




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We could be subject to liabilities if our subcontractors or the third parties with whom we
partner cannot deliver their project contributions on time or at all.
  Our results of operations could be adversely affected if our clients terminate their
contracts with us on short notice.
   Outsourcing services are a significant part of our business and subject us to operational
and financial risk.
   22




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##### 



Our results of operations may be affected by the rate of growth in the use of technology in
business and the type and level of technology spending by our clients.
  Our profitability could suffer if we are not able to maintain favorable pricing rates.
  
    
    our clients perceptions of our ability to add value through our services;
    
    competition;
    
    introduction of new services or products by us or our competitors;
    
    our competitors pricing policies;
    
    our ability to charge higher prices where market demand or the value of our services
justifies it;
    
    our ability to accurately estimate, attain and sustain contract revenues, margins and
cash flows over long contract periods;
    
    procurement practices of clients and their use of third-party advisors;
    
    the use by our competitors and our clients of off-shore resources to provide lower-cost
service delivery capabilities; and
    
    general economic and political conditions.
 Our profitability could suffer if we are not able to maintain favorable utilization rates.
  
    
    our ability to transition employees from completed projects to new assignments and to
hire and assimilate new employees;
    
    our ability to forecast demand for our services and thereby maintain an appropriate
headcount in each of our geographies and workforces;
    
    our ability to manage attrition; and
    
    our need to devote time and resources to training, professional development and other
non-chargeable activities.
  23




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##### 



Our business could be negatively affected if we incur legal liability in connection with
providing our solutions and services.
 
 If our pricing structures do not accurately anticipate the cost and complexity of performing our
work, then our contracts could be unprofitable.
  Many of our contracts utilize performance pricing that links some of our fees to the
attainment of various performance or business targets. This could increase the variability of our
revenues and margins.
  Our alliance relationships may not be successful.
  Our global operations are subject to complex risks, some of which might be beyond our
control.
  24




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##### 



Our operating results may be adversely affected by fluctuations in foreign currency exchange
rates.
 
    
    Because our consolidated financial statements are presented in U.S. dollars, we must
translate revenues, expenses and income, as well as assets and liabilities, into U.S.
dollars at exchange rates in effect during or at the end of each reporting period.
Therefore, changes in the value of the U.S. dollar against other currencies will affect our
revenues before reimbursements, operating income and the value of balance-sheet items
originally denominated in other currencies. Declines in the value of other currencies
against the U.S. dollar could cause our consolidated earnings stated in U.S. dollars to be
lower than our consolidated earnings in local currency and could affect our reported results
when compared against other periods. Conversely, increases in the value of other currencies
against the U.S. dollar could cause our consolidated earnings stated in U.S. dollars to be
higher than our consolidated earnings in local currency and could affect our reported
results when compared against other periods. There is no guarantee that our financial
results will not be adversely affected by currency exchange rate fluctuations.
    
    In some countries we could be subject to strict restrictions on the movement of cash and
the exchange of foreign currencies, which could limit our ability to use this cash across
our global operations.
    
    As we continue to leverage our global delivery model, more of our expenses are incurred
in currencies other than those in which we bill for the related services. An increase in the
value of certain currencies, such as the Indian rupee, against the U.S. dollar could
increase costs for delivery of services at off-shore sites by increasing labor and other
costs that are denominated in local currency, and there can be no assurance that our
contractual provisions or our currency hedging activities would offset this impact. This
could result in a decrease in the profitability of our contracts that are utilizing delivery
center resources.
 International hostilities, terrorist activities, natural disasters and infrastructure
disruptions could prevent us from effectively serving our clients and thus adversely affect our
operating results.
 We could have liability or our reputation could be damaged if we do not protect client data or
information systems or if our information systems are breached.
 25




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We could incur liability or our reputation could be damaged if our provision of services and
solutions to our clients contributes to our clients internal control deficiencies.
 Our global operations expose us to numerous and sometimes conflicting legal and regulatory
requirements, and violation of these regulations could harm our business.
   Our profitability could suffer if we are not able to control our costs.
  If we are unable to attract, retain and motivate employees or efficiently utilize their
skills, we might not be able to compete effectively and will not be able to grow our business.
  26




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If we are unable to collect our receivables or unbilled services, our results of operations
and cash flows could be adversely affected.
  Our services or solutions could infringe upon the intellectual property rights of others or
we might lose our ability to utilize the intellectual property of others.
   We have only a limited ability to protect our intellectual property rights, which are important
to our success
   27




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##### 



Tax legislation and negative publicity related to Bermuda companies such as our general
partner, Accenture, could lead to an increase in our tax burden or affect our relationships with
our clients.
   If we are unable to manage the organizational challenges associated with the size and
expansion of our Company, we might be unable to achieve our business objectives.
  We may not be successful at identifying, acquiring or integrating other businesses or
technologies.
  Consolidation in the industries that we serve could adversely affect our business.
  28




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##### 



Risks That Relate to Ownership of Accenture Ltd Class A Common Shares
 The share price of Accenture Ltd Class A common shares and, consequently, the market value
of Accenture SCA Class I common shares, could be adversely affected from time to time by sales,
or the anticipation of future sales, of Class A common shares held by our employees and former
employees or received upon the redemption of Accenture SCA Class I common shares.
  Our current employees hold a large number of shares that will become freely tradable in the period
leading up to July 24, 2009
 
    
    At the time of our transition to a corporate structure in 2001, many of our senior
executives received a substantial number of Class A common shares and/or securities that may
be exercisable, redeemable or exchangeable for Class A common shares or pursuant to which
Class A common shares may be delivered to such senior executives. Those shares generally
remain subject to transfer restrictions that lapse with the passage of time through July 24,
2009. See BusinessOrganizational StructureRestrictions on Transfer of Certain Accenture
Shares.In fiscal 2007, we eliminated a requirement that senior executives who hold covered shares and
who remain employed by us continue to maintain beneficial ownership of, and be restricted from
transferring, at least 25% of these shares at all times during their employment. We replaced
this 25% minimum holding requirement with a graduated waiver of transfer restrictions that
takes effect on a phased-in quarterly basis through the fourth quarter of fiscal 2009. We
eliminated the 25% minimum holding requirement in the belief that it would benefit
shareholders by decreasing the large number of shares whose transfer restrictions would not
otherwise lapse until the later of July 24, 2009 or the termination of our senior executives
employment, and that it would benefit retention by removing a structural incentive for senior
executives to resign starting in 2009 to achieve greater liquidity for their shareholdings.
Even though we still maintain share ownership guidelines that dictate specific ownership
levels for active senior executives (see BusinessOrganizational StructureSenior Executive Ownership Requirements), the waiver
described above will permit many of our active senior executives to transfer or sell into the
marketplace a portion of their shares significantly earlier than would have been the case in
the past, and there is a risk this could have an adverse effect on Accentures share price.
 29




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The following table shows the total number of covered shares held by active employees
scheduled to be released from transfer restrictions each quarter. This table reflects the
adoption of the phased-in quarterly waiver described above starting in the fourth quarter of
fiscal 2007 and assumes that all covered persons who are active employees as of October 1,
2007 remain actively employed by us through June 1, 2009. (The actual number of additional
covered shares that become available for transfer as a result of the waiver will be reduced
depending on the number of covered persons who cease to be employed prior to June 1, 2009.)
 Total number of Accenture LtdClass A common shares, SCA ClassI common shares and AccentureCanada Holdings Inc. exchangeableshares held by current employeesthat are scheduled to becomeavailable for transfer1st Quarter Fiscal 2008
    
    
    7,930,8622nd Quarter Fiscal 2008
    
    
    7,179,8933rd Quarter Fiscal 2008
    
    
    7,179,8934th Quarter Fiscal 2008
    
    
    28,852,7291st Quarter Fiscal 2009
    
    
    7,179,8932nd Quarter Fiscal 2009
    
    
    7,179,8933rd Quarter Fiscal 2009
    
    
    7,179,8934th Quarter Fiscal 2009
    
    
    7,186,356
 Our former employees hold a large number of shares that will become freely tradable after July 24,
2009
 
    
    Our retired and resigned partners continue to hold a large number of covered shares.
Although some of these are unrestricted and currently available for sale and transfer, the
majority will not be free for sale or transfer until July 24, 2009, when the remaining
transfer restrictions on these shares will lapse. We have on several occasions conducted
transactions, including discounted tender offers of Accenture SCA shares and targeted
repurchases of Accenture Ltd shares, designed to address the potential impact of the
build-up of shares having transfer restrictions that would otherwise lapse on July 24, 2009.
However, there is no assurance that tender offers and share repurchases we have conducted to
date, or other actions we might undertake in the future, will have the desired effect of
meaningfully reducing the impact of having a large number of shares become available for
transfer on a common date.The following table shows the total number of covered shares held by former employees
scheduled to be released from transfer restrictions each quarter. This table assumes that no
covered persons who are active employees as of October 1, 2007 retire or resign through June
1, 2009.
 Total number of Accenture LtdClass A common shares, SCA ClassI common shares and AccentureCanada Holdings Inc. exchangeableshares held by former employeesthat are scheduled to becomeavailable for transfer1st Quarter Fiscal 2008
    
    
    2,402,4642nd Quarter Fiscal 2008
    
    
    655,9753rd Quarter Fiscal 2008
    
    
    2,205,2604th Quarter Fiscal 2008
    
    
    8,050,6721st Quarter Fiscal 2009
    
    
    760,5502nd Quarter Fiscal 2009
    
    
    2,234,8873rd Quarter Fiscal 2009
    
    
    2,442,8384th Quarter Fiscal 2009
    
    
    97,639,354
 The Senior Executive Trading Policy might not be effective at limiting the number of shares sold
 
    
    Accenture maintains Senior Executive Trading Policy that provides, among other things,
that covered shares held by actively employed senior executives will be subject to
company-imposed quarterly trading guidelines. We set allocation limits of unrestricted
covered shares based on a composite average weekly volume of trading in Accenture Ltd Class
A common shares. These guidelines allow us to manage the total number of shares redeemed,
sold or otherwise transferred by our senior executives in any calendar quarter. The
policy guidelines, which can be adjusted by management, are not legal or contractual
 30




---



##### 



restrictions, however, and there is a risk that the internal sanctions available to us might
not adequately dissuade individual employees from attempting transfers in excess of the
amounts permitted under the policy. Additionally, there is a risk that this policy creates an
adverse incentive for some senior executives to retire or to terminate their employment in
order to sell unrestricted shares that would otherwise be governed by these quarterly trading
guidelines. This could have an adverse effect on our ability to retain talented and
experienced senior executives.
 The sale of shares issued under Accentures 2001 Share Incentive Plan could have an adverse effect
on Accentures share price
 
    
    In addition to the covered shares described above, as of October 1, 2007, a total of
50,248,658 Accenture Ltd Class A common shares underlying restricted share units were
scheduled to be delivered during the calendar years indicated below:
 Calendar Year
    
    Number of Shares2007
    
    
    1,041,6032008
    
    
    6,951,0022009
    
    
    15,435,5052010
    
    
    15,024,2802011 and after
    
    
    11,796,268
 Although the holders may choose to defer delivery of some of these shares for tax purposes, it
is foreseeable that a significant number of these shares could be sold on the open markets
following their delivery.Furthermore, as of October 1, 2007, a total of 42,671,428 Accenture Ltd Class A common shares
were issuable pursuant to options, of which options to purchase an aggregate of 40,114,479
Class A common shares were exercisable and options to purchase an aggregate of 2,556,949 Class
A common shares are scheduled to become exercisable during the calendar years indicated below:
 Calendar Year
    
    Number of Shares2007
    
    
    43,629After 2007
    
    
    2,513,320
 Upon delivery of restricted stock, or exercise of employee stock options, under Accentures
2001 Stock Incentive Plan, our employees or former employees may choose to sell a significant
number of Accentures shares in open market transactions. There is a risk that this could put
additional downward pressure on the price of Accenture Ltd Class A common stock.
 The share price of Accenture Ltd Class A common shares has fluctuated in the past and could
continue to fluctuate, including in response to variability in revenues, operating results and
profitability, and as a result Accentures share price could be difficult to predict.
  
    
    announcements by us or our competitors about developments in our business or prospects;
    
    projections or speculation about our business or that of our competitors by the media or
investment analysts;
    
    changes in macroeconomic or political factors unrelated to our business;
    
    general or industry-specific market conditions or changes in financial markets; and
    
    changes in our revenues, operating results and profitability.
  
    
    seasonality, including number of workdays and holiday and summer vacations;
 31




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##### 




    
    the business decisions of our clients regarding the use of our services;
    
    periodic differences between our clients estimated and actual levels of business
activity associated with ongoing work;
    
    the stage of completion of existing projects and/or their termination;
    
    our ability to transition employees quickly from completed to new projects;
    
    the introduction of new products or services by us or our competitors;
    
    changes in our pricing policies or those of our competitors;
    
    our ability to manage costs, including those for personnel, support services and
severance;
    
    our ability to maintain an appropriate headcount in each of our workforces;
    
    acquisition and integration costs related to possible acquisitions of other businesses;
    
    changes in, or the application of changes in, accounting principles or pronouncements
under U.S. generally accepted accounting principles, particularly those related to revenue
recognition;
    
    currency exchange rate fluctuations;
    
    changes in estimates, accruals or payments of variable compensation to our employees; and
    
    global, regional and local economic and political conditions and related risks, including
acts of terrorism.
  The share price of Accenture Ltd Class A common shares could be adversely affected if we are
unable to maintain effective internal controls.
  Accenture SCA is registered in Luxembourg and a significant portion of our assets are located
outside the United States. As a result, it might not be possible for shareholders to enforce
civil liability provisions of the Federal or state securities laws of the United States.
  32




---



##### 



Luxembourg law differs from the laws in effect in the United States and might afford less
protection to shareholders.
  We might be unable to access additional capital on favorable terms or at all. If we raise equity
capital, it may dilute our shareholders ownership interest in us.
  
    
    take advantage of opportunities, including more rapid expansion;
    
    acquire complementary businesses or technologies;
    
    repurchase additional shares from our current shareholders;
    
    develop new services and solutions; or
    
    respond to competitive pressures.
  ITEM 1B. UNRESOLVED STAFF COMMENTS
  ITEM 2. PROPERTIES
  ITEM 3. LEGAL PROCEEDINGS
    33




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##### 



ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  34




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##### 



PART II
 ITEM 5.
    
    MARKET FOR REGISTRANTS COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES
OF EQUITY SECURITIES
   Price Range of Accenture Ltd Class A Common Shares
   Price RangeHigh
    
    
    LowFiscal 2006First Quarter
    
    $
    28.63
    
    
    $
    24.45Second Quarter
    
    $
    33.05
    
    
    $
    28.02Third Quarter
    
    $
    32.94
    
    
    $
    26.17Fourth Quarter
    
    $
    29.66
    
    
    $
    25.68Fiscal 2007First Quarter
    
    $
    35.17
    
    
    $
    28.28Second Quarter
    
    $
    39.25
    
    
    $
    33.45Third Quarter
    
    $
    41.19
    
    
    $
    34.28Fourth Quarter
    
    $
    44.03
    
    
    $
    37.25Fiscal 2008First Quarter (through October
15, 2007)
    
    $
    42.32
    
    
    $
    37.25
   Dividend Policy
   35




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##### 



Recent Sales of Unregistered Securities
  Purchases and redemptions of Accenture SCA Class I common shares and Accenture Canada Holdings Inc.
exchangeable shares
  Approximate DollarValue of SharesTotal Number of
    
    
    that May Yet BeShares Purchased as
    
    
    Purchased UnderAverage
    
    
    Part of Publicly
    
    
    PubliclyTotal Number of
    
    
    Price Paid
    
    
    Announced Plans or
    
    
    Announced PlansPeriod
    
    Shares Purchased (1)
    
    
    per Share
    
    
    Programs
    
    
    or ProgramsAccenture SCAJune 1, 2007  June 30, 2007Class I common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    July 1, 2007  July 31, 2007Class I common shares
    
    
    6,437,510
    
    
    $
    42.36
    
    
    
    
    
    
    
    August 1, 2007  August 31, 2007Class I common shares
    
    
    456,007
    
    
    $
    40.76
    
    
    
    
    
    
    
    TotalClass I common shares (2)(3)
    
    
    6,893,517
    
    
    $
    42.25
    
    
    
    
    
    
    
    Accenture Canada Holdings Inc.June 1, 2007  June 30, 2007Exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    July 1, 2007  July 31, 2007Exchangeable shares
    
    
    123,350
    
    
    $
    42.75
    
    
    
    
    
    
    
    August 1, 2007  August 31, 2007Exchangeable shares
    
    
    14,122
    
    
    $
    39.92
    
    
    
    
    
    
    
    TotalExchangeable shares (2)
    
    
    137,472
    
    
    $
    42.46
    
    
    
    
    
    
    
    
 
 (1)
    
    To date, the Board of Directors of Accenture has authorized an aggregate of $5.7 billion for
purchases and redemptions of shares from our current and former senior executives and their
permitted transferees under our Senior Executive Trading Policy and our prior Share Management
Plan. As of August 31, 2007, an aggregate of $750 million remained available for these
purchases and redemptions.(2)
    
    During the fourth quarter of fiscal 2007, we redeemed and purchased a total of 6,893,517
Accenture SCA Class I common shares and 137,472 Accenture Canada Holdings Inc. exchangeable
shares from current and former senior executives and their permitted transferees.(3)
    
    In addition to the amounts included in this table, during the fourth quarter of fiscal 2007,
we also redeemed a total of 3,185,481 Accenture SCA Class I common shares from current and
former senior executives and their permitted transferees for which
Accenture issued an equivalent number of
Accenture Ltd Class A common shares. See Managements Discussion and Analysis of Financial
Condition and Results of OperationsLiquidity and Capital ResourcesOther Share Redemptions. 36




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##### 



Purchases and redemptions of Accenture SCA Class II and Class III common shares
  Purchases and redemptions of Accenture Ltd Class A common shares and Class X common shares
  Approximate DollarTotal Number of
    
    
    Value of SharesShares Purchased as
    
    
    that May Yet BeAverage
    
    
    Part of Publicly
    
    
    Purchased Under PubliclyTotal Number of
    
    
    Price Paid
    
    
    Announced Plans or
    
    
    Announced PlansPeriod
    
    Shares Purchased
    
    
    per Share
    
    
    Programs (1)
    
    
    or Programs(in millions)June 1, 2007  June 30, 2007Class A common shares
    
    
    11,036
    
    
    $
    41.14
    
    
    
    
    
    
    $
    978Class X common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    July 1, 2007  July 31, 2007Class A common shares
    
    
    550,107
    
    
    $
    41.91
    
    
    
    
    
    
    $
    978Class X common shares
    
    
    7,176,548
    
    
    $
    0.0000225
    
    
    
    
    
    
    
    August 1, 2007 August 31, 2007Class A common shares
    
    
    2,015,735
    
    
    $
    39.88
    
    
    
    1,988,773
    
    
    $
    900Class X common shares
    
    
    1,765,321
    
    
    $
    0.0000225
    
    
    
    
    
    
    
    TotalClass A common shares (1)(2)
    
    
    2,576,878
    
    
    $
    40.32
    
    
    
    1,988,773Class X common shares (3)
    
    
    8,941,869
    
    
    $
    0.0000225
    
    
    
    
 
 (1)
    
    Since August 2001, the Board of Directors of Accenture has authorized and periodically
confirmed a publicly announced open-market share purchase program for acquiring Accenture Ltd
Class A common shares. During the fourth quarter of fiscal 2007, Accenture repurchased an
aggregate of 1,988,773 Accenture Ltd Class A common shares for an aggregate purchase price of
$79 million. To date, the Board of Directors of Accenture has authorized an aggregate of
$2.4 billion for use in these open-market share purchases. As of August 31, 2007, an aggregate
of $900 million remained available for these open-market share purchases. The open-market
purchase program does not have an expiration date.(2)
    
    During the fourth quarter of fiscal 2007, Accenture purchased 588,105 Accenture Ltd Class A
common shares in transactions unrelated to publicly announced share plans or programs. These
transactions consisted of acquisitions of Accenture Ltd Class A common shares via share
withholding for payroll tax obligations due from employees and former employees in connection
with the delivery of Accenture Ltd Class A common shares under our various employee equity
share plans.(3)
    
    During the fourth quarter of fiscal 2007, Accenture redeemed 8,941,869 Accenture Ltd Class X
common shares pursuant to its bye-laws. Accenture Ltd Class X common shares are redeemable at
their par value of $0.0000225 per share. 37




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##### 



ITEM 6. SELECTED FINANCIAL DATA
  Year Ended August 31,2007
    
    
    2006(1)(2)
    
    
    2005(3)
    
    
    2004(3)
    
    
    2003(in millions)Income Statement Data:Revenues:Revenues before reimbursements
    
    $
    19,696
    
    
    $
    16,646
    
    
    $
    15,547
    
    
    $
    13,673
    
    
    $
    11,818Reimbursements
    
    
    1,757
    
    
    
    1,582
    
    
    
    1,547
    
    
    
    1,440
    
    
    
    1,579Revenues
    
    
    21,453
    
    
    
    18,228
    
    
    
    17,094
    
    
    
    15,113
    
    
    
    13,397Operating expenses:Cost of services:Cost of services before
reimbursable expenses
    
    
    13,654
    
    
    
    11,652
    
    
    
    10,455
    
    
    
    9,057
    
    
    
    7,508Reimbursable expenses
    
    
    1,757
    
    
    
    1,582
    
    
    
    1,547
    
    
    
    1,440
    
    
    
    1,579Cost of services
    
    
    15,411
    
    
    
    13,234
    
    
    
    12,002
    
    
    
    10,497
    
    
    
    9,087Sales and marketing
    
    
    1,904
    
    
    
    1,708
    
    
    
    1,558
    
    
    
    1,488
    
    
    
    1,459General and administrative costs
    
    
    1,619
    
    
    
    1,493
    
    
    
    1,512
    
    
    
    1,340
    
    
    
    1,319Reorganization costs (benefits)
    
    
    26
    
    
    
    (48
    )
    
    
    (89
    )
    
    
    29
    
    
    
    (19
    )Total operating expenses
    
    
    18,960
    
    
    
    16,387
    
    
    
    14,983
    
    
    
    13,355
    
    
    
    11,846Operating income
    
    
    2,493
    
    
    
    1,841
    
    
    
    2,111
    
    
    
    1,759
    
    
    
    1,551Gain on investments, net
    
    
    18
    
    
    
    2
    
    
    
    21
    
    
    
    3
    
    
    
    10Interest income
    
    
    155
    
    
    
    130
    
    
    
    108
    
    
    
    60
    
    
    
    41Interest expense
    
    
    (25
    )
    
    
    (21
    )
    
    
    (24
    )
    
    
    (22
    )
    
    
    (21
    )Other (expense) income
    
    
    (22
    )
    
    
    (28
    )
    
    
    (11
    )
    
    
    
    
    
    
    32Equity in losses of affiliates
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2
    )
    
    
    Income before income taxes
    
    
    2,619
    
    
    
    1,924
    
    
    
    2,206
    
    
    
    1,799
    
    
    
    1,613Provision for income taxes
    
    
    896
    
    
    
    491
    
    
    
    697
    
    
    
    576
    
    
    
    566Income before minority interest
    
    
    1,723
    
    
    
    1,433
    
    
    
    1,509
    
    
    
    1,223
    
    
    
    1,047Minority interest
    
    
    (33
    )
    
    
    (19
    )
    
    
    (20
    )
    
    
    (10
    )
    
    
    (7
    )Net income
    
    $
    1,690
    
    
    $
    1,414
    
    
    $
    1,489
    
    
    $
    1,213
    
    
    $
    1,040Dividends per common share
    
    $
    .35
    
    
    $
    .30
    
    
    $
    
    
    
    $
    
    
    
    $
    
 
 (1)
    
    Includes the financial impact of the resolution of the NHS matter recorded during fiscal
2006. See Managements Discussion and Analysis of Financial Condition and Results of
OperationsThe NHS Contracts.(2)
    
    Includes the impact of the adoption of Statement of Financial Accounting Standards No. 123R,
Share-Based Payment.For additional information, refer to Note 10 (Share-Based Compensation)
to our Consolidated Financial Statements under Financial Statements and Supplementary Data.(3)
    
    May not total due to rounding. 38




---



##### 



As of August 31,2007
    
    2006
    
    2005
    
    2004
    
    2003(in millions)Balance Sheet Data:Cash and cash equivalents
    
    $
    3,315
    
    
    $
    3,067
    
    
    $
    2,484
    
    
    $
    2,553
    
    
    $
    2,332Working capital
    
    
    1,009
    
    
    
    1,418
    
    
    
    1,754
    
    
    
    1,745
    
    
    
    1,729Total assets
    
    
    10,747
    
    
    
    9,497
    
    
    
    8,957
    
    
    
    8,013
    
    
    
    6,459Long-term debt, net of current portion
    
    
    3
    
    
    
    27
    
    
    
    44
    
    
    
    32
    
    
    
    14Shareholders equity
    
    
    2,063
    
    
    
    1,894
    
    
    
    1,697
    
    
    
    1,472
    
    
    
    832
 ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
 The following discussion and analysis should be read in conjunction with our Consolidated
Financial Statements and related Notes included elsewhere in this Annual Report on Form 10-K . This
discussion and analysis also contains forward-looking statements and should also be read in
conjunction with the disclosures and information contained in Disclosure Regarding Forward-Looking
Statements and Risk Factors in this Annual Report on Form 10-K .
 We use the terms we, our Company, our and us in this report to refer to Accenture SCA
and its subsidiary companies. Accenture Ltd (Accenture) is the sole general partner of the
Company. All references to years, unless otherwise noted, refer to our fiscal year, which ends on
August 31. For example, a reference to fiscal 2007 means the 12-month period that ended on August
31, 2007. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal
year.
 Overview
      39




---



##### 



40




---



##### 



The NHS Contracts
  Bookings and Backlog
    Critical Accounting Policies and Estimates
  41




---



##### 



Revenue Recognition
  Accounting for Performance of Construction Type and Certain
Production-Type Contracts
 Revenue Recognition in Financial
Statements Revenue Recognition
   42




---



##### 



Accounting for Revenue Arrangements with Multiple Deliverables,
    Income Taxes
     43




---



##### 



Defined Benefit Pension Plans
  Employers Accounting for Defined Benefit Pension
and Other Postretirement Plans, an amendment of FASB Statements No. 87, 106, and 132(R) Employers
Accounting for Pensions,
    Pension Benefits2008
    
    2007
    
    2006Non-U.S.
    
    
    
    
    
    Non-U.S.
    
    
    
    
    
    Non-U.S.U.S. Plans
    
    Plans
    
    U.S. Plans
    
    Plans
    
    U.S. Plans
    
    PlansDiscount rate
    
    
    6.25
    %
    
    
    5.08
    %
    
    
    6.50
    %
    
    
    4.68
    %
    
    
    5.25
    %
    
    
    4.28
    %Expected return on plan assets
    
    
    7.50
    %
    
    
    5.97
    %
    
    
    7.50
    %
    
    
    5.67
    %
    
    
    7.50
    %
    
    
    5.57
    %Rate of
increase in future compensation
    
    
    4.50
    %
    
    
    3.84
    %
    
    
    4.50
    %
    
    
    3.45
    %
    
    
    4.50
    %
    
    
    3.27
    %
 Discount Rate
  44




---



##### 



Expected Return on Plan Assets
    General
    Revenues by Segment/Operating Group
  45




---



##### 



Percent of TotalRevenuesBeforeReimbursementsPercent
    
    
    for theYear Ended
    
    
    Percent
    
    
    Increase
    
    
    Year EndedAugust 31,
    
    
    Increase
    
    
    Local
    
    
    August 31,2007
    
    
    2006
    
    
    US$
    
    
    Currency
    
    
    2007
    
    
    2006(in millions)OPERATING GROUPSCommunications & High Tech
    
    $
    4,600
    
    
    $
    4,177
    
    
    
    10
    %
    
    
    5
    %
    
    
    23
    %
    
    
    25
    %Financial Services
    
    
    4,357
    
    
    
    3,558
    
    
    
    22
    
    
    
    16
    
    
    
    22
    
    
    
    22Government
    
    
    2,561
    
    
    
    2,221
    
    
    
    15
    
    
    
    12
    
    
    
    13
    
    
    
    13Products
    
    
    4,913
    
    
    
    4,011
    
    
    
    23
    
    
    
    18
    
    
    
    25
    
    
    
    24Resources
    
    
    3,243
    
    
    
    2,666
    
    
    
    22
    
    
    
    17
    
    
    
    17
    
    
    
    16Other
    
    
    22
    
    
    
    13
    
    
    
    n/m
    
    
    
    n/m
    
    
    
    
    
    
    
    TOTAL Revenues BeforeReimbursements
    
    
    19,696
    
    
    
    16,646
    
    
    
    18
    %
    
    
    13
    %
    
    
    100
    %
    
    
    100
    %Reimbursements
    
    
    1,757
    
    
    
    1,582
    
    
    
    11TOTAL REVENUES
    
    $
    21,453
    
    
    $
    18,228
    
    
    
    18GEOGRAPHYAmericas
    
    $
    8,483
    
    
    $
    7,741
    
    
    
    10
    %
    
    
    9
    %
    
    
    43
    %
    
    
    46
    %EMEA (1)
    
    
    9,534
    
    
    
    7,644
    
    
    
    25
    
    
    
    16
    
    
    
    48
    
    
    
    46Asia Pacific
    
    
    1,679
    
    
    
    1,261
    
    
    
    33
    
    
    
    28
    
    
    
    9
    
    
    
    8TOTAL Revenues BeforeReimbursements
    
    $
    19,696
    
    
    $
    16,646
    
    
    
    18
    %
    
    
    13
    %
    
    
    100
    %
    
    
    100
    %TYPE OF WORKConsulting
    
    $
    11,856
    
    
    $
    9,892
    
    
    
    20
    %
    
    
    15
    %
    
    
    60
    %
    
    
    59
    %Outsourcing
    
    
    7,840
    
    
    
    6,754
    
    
    
    16
    
    
    
    12
    
    
    
    40
    
    
    
    41TOTAL Revenues BeforeReimbursements
    
    $
    19,696
    
    
    $
    16,646
    
    
    
    18
    %
    
    
    13
    %
    
    
    100
    %
    
    
    100
    %
 
 n/m = not meaningful(1)
    
    EMEA includes Europe, the Middle East and Africa.  August 31,2007
    
    2006
    
    2005United States
    
    
    36
    %
    
    
    39
    %
    
    
    37
    %United Kingdom
    
    
    14
    
    
    
    13
    
    
    
    17
 46




---



##### 



Results of Operations for the Year Ended August 31, 2007 Compared to Year Ended August 31, 2006
 Revenues
         Operating Expenses
  47




---



##### 



Cost of Services
  Sales and Marketing
  General and Administrative Costs
  Reorganization Costs (Benefits)
  48




---



##### 



Operating Income
  Year Ended August 31,Effect of
    
    
    NetIncrease
    
    
    Reorganization
    
    
    Increase2007
    
    
    2006
    
    
    (Decrease)
    
    
    Benefits(1)
    
    
    (Decrease)(in millions)Communications &
High Tech
    
    $
    582
    
    
    $
    631
    
    
    $
    (49
    )
    
    $
    17
    
    
    $
    (32
    )Financial Services
    
    
    491
    
    
    
    388
    
    
    
    103
    
    
    
    15
    
    
    
    118Government
    
    
    272
    
    
    
    83
    
    
    
    189
    
    
    
    11
    
    
    
    200Products
    
    
    669
    
    
    
    400
    
    
    
    269
    
    
    
    18
    
    
    
    287Resources
    
    
    479
    
    
    
    339
    
    
    
    140
    
    
    
    11
    
    
    
    151Total
    
    $
    2,493
    
    
    $
    1,841
    
    
    $
    652
    
    
    $
    72
    
    
    $
    724
 
 (1)
    
    Represents the effect of reorganization benefits recorded during the year ended August 31,
2006.  
    
    Communications & High Tech operating income decreased due to higher compensation costs
and a decline in contract margins due to a lower proportion of high-margin consulting
contracts.
    
    Financial Services operating income increased due to revenue growth, higher
utilization and lower sales and marketing costs as a percentage of revenues before
reimbursements, partially offset by higher compensation costs and delivery inefficiencies on
certain contracts.
    
    Government operating income increased due to the impact of a $225 million loss
provision associated with the NHS Contracts recorded during the second quarter of fiscal
2006. The fiscal 2007 operating income also reflects consulting revenue growth and improved
consulting contract margins, offset by higher compensation costs and asset impairments
associated with an outsourcing contract recorded during the first quarter of fiscal 2007.
See The NHS Contracts.
    
    Products operating income increased due to strong revenue growth and lower sales and
marketing costs as a percentage of revenue before reimbursements, partially offset by higher
compensation costs. Operating income also increased due to the impact of a $225 million
loss provision associated with the NHS Contracts recorded during the second quarter of
fiscal 2006, partially offset by revenue recognized in connection with a contract
termination in our Retail industry group in the EMEA region recorded during the third
quarter of fiscal 2006. See The NHS Contracts.
    
    Resources operating income increased due to strong revenue growth and improved contract
margins, partially offset by higher compensation costs.
  Gain on Investments, Net
  49




---



##### 



Interest Income
  Other Expense
  Provision for Income Taxes
  50




---



##### 



Results of Operations for the Year Ended August 31, 2006 Compared to Year Ended August 31, 2005
  Percent of TotalRevenuesBeforeReimbursementsPercent
    
    
    Percent
    
    
    for the YearYear Ended
    
    
    Increase
    
    
    Increase
    
    
    EndedAugust 31,
    
    
    (Decrease)
    
    
    Local
    
    
    August 31,2006
    
    
    2005
    
    
    US$
    
    
    Currency
    
    
    2006
    
    
    2005(in millions)OPERATING GROUPSCommunications & High Tech
    
    $
    4,177
    
    
    $
    4,001
    
    
    
    4
    %
    
    
    6
    %
    
    
    25
    %
    
    
    26
    %Financial Services
    
    
    3,558
    
    
    
    3,408
    
    
    
    4
    
    
    
    7
    
    
    
    22
    
    
    
    22Government
    
    
    2,221
    
    
    
    2,172
    
    
    
    2
    
    
    
    4
    
    
    
    13
    
    
    
    14Products
    
    
    4,011
    
    
    
    3,570
    
    
    
    12
    
    
    
    15
    
    
    
    24
    
    
    
    23Resources
    
    
    2,666
    
    
    
    2,389
    
    
    
    12
    
    
    
    12
    
    
    
    16
    
    
    
    15Other
    
    
    13
    
    
    
    7
    
    
    
    n/m
    
    
    
    n/m
    
    
    
    
    
    
    
    TOTAL Revenues Before Reimbursements
    
    
    16,646
    
    
    
    15,547
    
    
    
    7
    %
    
    
    9
    %
    
    
    100
    %
    
    
    100
    %Reimbursements
    
    
    1,582
    
    
    
    1,547
    
    
    
    2TOTAL REVENUES
    
    $
    18,228
    
    
    $
    17,094
    
    
    
    7
    %GEOGRAPHYAmericas
    
    $
    7,741
    
    
    $
    6,730
    
    
    
    15
    %
    
    
    14
    %
    
    
    46
    %
    
    
    43
    %EMEA
    
    
    7,644
    
    
    
    7,735
    
    
    
    (1
    )
    
    
    3
    
    
    
    46
    
    
    
    50Asia Pacific
    
    
    1,261
    
    
    
    1,082
    
    
    
    17
    
    
    
    20
    
    
    
    8
    
    
    
    7TOTAL Revenues Before Reimbursements
    
    $
    16,646
    
    
    $
    15,547
    
    
    
    7
    %
    
    
    9
    %
    
    
    100
    %
    
    
    100
    %TYPE OF WORKConsulting
    
    $
    9,892
    
    
    $
    9,559
    
    
    
    3
    %
    
    
    6
    %
    
    
    59
    %
    
    
    61
    %Outsourcing
    
    
    6,754
    
    
    
    5,988
    
    
    
    13
    
    
    
    14
    
    
    
    41
    
    
    
    39TOTAL Revenues Before Reimbursements
    
    $
    16,646
    
    
    $
    15,547
    
    
    
    7
    %
    
    
    9
    %
    
    
    100
    %
    
    
    100
    %
 
 n/m = not meaningful Revenues
    51




---



##### 



Operating Expenses
 Share
Based Payment
 Cost of Services
  52




---



##### 



Sales and Marketing
  General and Administrative Costs
  Reorganization Benefits
  Operating Income
  53




---



##### 



Year Ended August 31,Effect of
    
    
    NetReorganization
    
    
    Increase2006
    
    
    2005
    
    
    Decrease
    
    
    Adjustments (1)
    
    
    Benefits (2)
    
    
    (Decrease)(in millions)Communications & High Tech
    
    $
    631
    
    
    $
    673
    
    
    $
    (42
    )
    
    $
    52
    
    
    $
    11
    
    
    $
    21Financial Services
    
    
    388
    
    
    
    500
    
    
    
    (112
    )
    
    
    52
    
    
    
    11
    
    
    
    (49
    )Government
    
    
    83
    
    
    
    169
    
    
    
    (86
    )
    
    
    27
    
    
    
    6
    
    
    
    (53
    )Products
    
    
    400
    
    
    
    413
    
    
    
    (13
    )
    
    
    52
    
    
    
    9
    
    
    
    48Resources
    
    
    339
    
    
    
    356
    
    
    
    (17
    )
    
    
    35
    
    
    
    6
    
    
    
    24Total
    
    $
    1,841
    
    
    $
    2,111
    
    
    $
    (270
    )
    
    $
    218
    
    
    $
    43
    
    
    $
    (9
    )
 
 (1)
    
    Adjustments represent the estimated amounts that would have been incurred had we expensed
employee stock options and employee share purchase rights for the fiscal year ended August
31, 2005.(2)
    
    Reorganization benefits recorded during the period were allocated to the reportable operating
groups as follows: Year Ended August 31,2006
    
    
    2005
    
    
    Change(in millions)Communications & High Tech
    
    $
    (17
    )
    
    $
    (28
    )
    
    $
    11Financial Services
    
    
    (15
    )
    
    
    (26
    )
    
    
    11Government
    
    
    (11
    )
    
    
    (17
    )
    
    
    6Products
    
    
    (18
    )
    
    
    (27
    )
    
    
    9Resources
    
    
    (11
    )
    
    
    (17
    )
    
    
    6Total
    
    $
    (72
    )
    
    $
    (115
    )
    
    $
    43
  
    
    Communications & High Tech operating income increased due to revenue growth, principally
in our Electronics & High Tech industry group across all geographic regions and improved
gross margins, primarily in the EMEA and Asia Pacific regions.
    
    Financial Services operating income decreased due to lower gross margins from increased
payroll costs earlier in the year and delivery inefficiencies on a small number of
contracts, partially offset by revenue growth in our Banking industry group across all
regions and in our Insurance industry group in the Americas and Asia Pacific regions.
    
    Government operating income decreased principally due to the NHS Contracts operating
losses of $225 million associated with the net impact of the NHS Transfer Agreement and the
second-quarter NHS adjustments, partially offset by strong gross margins in outsourcing and
increased profitability on certain consulting contracts. See The NHS Contracts.
    
    Products operating income increased due to strong revenue growth, principally in the
Americas region, improved gross margins, and lower combined sales and marketing and general
and administrative costs as a percentage of revenues before reimbursements. In addition,
Products operating income was positively affected by revenues recognized in connection with
a contract termination in our Retail industry group in the EMEA region during the third
quarter of fiscal 2006. These increases were partially offset by the NHS Contracts
operating losses of $225 million associated with the net impact of the NHS Transfer
Agreement and the second- quarter NHS adjustments. See The NHS Contracts.
    
    Resources operating income increased due to strong revenue growth in our Energy,
Chemicals and Natural Resources industry groups across all geographic regions and lower
sales and marketing costs.
 54




---



##### 



Gain on Investments, Net
  Interest Income
  Other Expense
  Provision for Income Taxes
  Liquidity and Capital Resources
  
    
    take advantage of opportunities, including more rapid expansion;
    
    acquire complementary businesses or technologies;
    
    develop new services and solutions;
    
    respond to competitive pressures; or
    
    facilitate purchases, redemptions and exchanges of Accenture shares.
  55




---



##### 



Year Ended August 31,2007 (1)
    
    
    2006
    
    
    2005
    
    
    2007 to 2006 
Change(in millions)Net cash provided by (used in):Operating activities
    
    $
    2,631
    
    
    $
    2,668
    
    
    $
    1,887
    
    
    $
    (37
    )Investing activities
    
    
    (350
    )
    
    
    (243
    )
    
    
    (575
    )
    
    
    (107
    )Financing activities
    
    
    (2,128
    )
    
    
    (1,944
    )
    
    
    (1,377
    )
    
    
    (184
    )Effect of exchange rate changes on cash and cash equivalents
    
    
    95
    
    
    
    102
    
    
    
    (4
    )
    
    
    (7
    )Net increase (decrease) in cash and cash equivalents
    
    $
    247
    
    
    $
    583
    
    
    $
    (69
    )
    
    $
    (335
    )
 
 (1)
    
    May not total due to rounding. Operating activities:
 Investing activities:
 Financing activities:
  56




---



##### 



Borrowing Facilities
  BorrowingsUnderFacility Amount
    
    
    Facilities(in millions)Syndicated loan facility (1)
    
    $
    1,200
    
    
    $
    Separate bilateral, uncommitted, unsecured multicurrency revolving credit facilities (2)
    
    
    350
    
    
    
    1Local guaranteed and non-guaranteed lines of credit (3)
    
    
    139
    
    
    
    Total
    
    $
    1,689
    
    
    $
    1
 
 (1)
    
    On July 12, 2007, the maturity of our existing $1.2 billion syndicated loan facility was
extended one year, resulting in a current maturity of July 31, 2012. This facility provides
unsecured, revolving borrowing capacity for general working capital purposes, including the
issuance of letters of credit. Financing is provided under this facility at the prime rate or
at the London Interbank Offered Rate plus a spread. This facility requires us to: (1) limit
liens placed on our assets to (a) liens incurred in the ordinary course of business (subject
to certain qualifications) and (b) other liens securing obligations not to exceed 30% of our
consolidated assets; and (2) maintain a debt-to-cash-flow ratio not exceeding 1.75 to 1.00. We
continue to be in compliance with these terms. As of August 31, 2007 and 2006, we had no
borrowings under the facility. The facility is subject to annual commitment fees.(2)
    
    We maintain three separate bilateral, uncommitted, unsecured multicurrency revolving credit
facilities. These facilities provide local-currency financing for the majority of our
operations. Interest rate terms on the bilateral revolving facilities are at market rates
prevailing in the relevant local markets. As of August 31, 2007 and 2006, we had $1 million
and $2 million, respectively, of borrowings under these facilities.(3)
    
    We also maintain local guaranteed and non-guaranteed lines of credit for those locations that
cannot access our global facilities. As of August 31, 2007 and 2006, we had no borrowings
under these various facilities.   Share Purchases and Redemptions
  57




---



##### 



Accenture SCA Class I, II and III CommonAccenture Ltd Class A
    
    
    Shares and Accenture Canada Holdings Inc.Common Shares
    
    
    Exchangeable Shares
    
    
    TotalShares
    
    
    Amount
    
    
    Shares
    
    
    Amount
    
    
    Shares
    
    
    Amount(in millions, except share amounts)Discounted Tender Offers (1)
    
    
    
    
    
    $
    
    
    
    
    16,538,239
    
    
    $
    485
    
    
    
    16,538,239
    
    
    $
    485Other Share Purchase Programs
    
    
    9,858,011
    
    
    
    309
    (2)
    
    
    37,640,287
    
    
    
    1,382
    
    
    
    47,498,298
    
    
    
    1,691Other purchases (3)
    
    
    1,430,629
    
    
    
    53
    
    
    
    
    
    
    
    
    
    
    
    1,430,629
    
    
    
    53Inter-company redemptions of SCA
Class II common shares and SCA
Class III
common shares (4)
    
    
    
    
    
    
    
    
    
    
    12,333,505
    
    
    
    283
    
    
    
    12,333,505
    
    
    
    283Total
    
    
    11,288,640
    
    
    $
    362
    
    
    
    66,512,031
    
    
    $
    2,150
    
    
    
    77,800,671
    
    
    $
    2,512
 
 (1)
    
    On September 11, 2006, Accenture SCA and one of our subsidiaries made a tender offer to
Accenture SCA Class I common shareholders that resulted in share redemptions and purchases,
effective October 11, 2006, of 7,538,172 shares at a price of $24.75 per share, resulting in a
cash outlay of approximately $187 million. On March 8, 2007, Accenture SCA and one of our
subsidiaries made a tender offer to Accenture SCA Class I common shareholders that resulted in
share redemptions and purchases, effective April 9, 2007, of 9,000,067 shares at a price of
$33.00 per share, resulting in a cash outlay of approximately $298 million.(2)
    
    On November 13, 2006, Accenture Finance (Gibraltar) Ltd, an indirect subsidiary of Accenture
SCA, purchased 1,979,450 Accenture Ltd Class A common shares at a price of $24.75 per share,
resulting in a cash outlay of approximately $49 million. On May 15, 2007, Accenture Equity
Finance B.V., an indirect subsidiary of Accenture SCA, purchased 7,878,561 Accenture Ltd Class
A common shares at a per share price of $33.00 or our local currency equivalent based on
exchange rates applicable on April 4, 2007, resulting in a cash outlay of approximately $260
million. Shares in both transactions were purchased from certain former senior executives
residing outside the United States.(3)
    
    During the year ended August 31, 2007, as authorized under Accentures various employee
equity share plans, we acquired Accenture Ltd Class A common shares primarily via share
withholding for payroll tax obligations due from employees and former employees in connection
with the delivery of Accenture Ltd Class A common shares under those plans.(4)
    
    In connection with the dividend paid on November 15, 2006, Accenture SCA redeemed 10,344,732
shares of SCA Class II and III common stock held by Accenture LTD for a cash outlay of
approximately $204 million.  On August 16, 2007, Accenture SCA redeemed 1,988,733 shares of SCA
Class III common stock held by Accenture LTD for a cash outlay
of approximately $79 million.  Other Share Redemptions
  Senior Executive Ownership Requirements
  Senior Executive Trading Policy
  58




---



##### 



Subsequent Development
  Obligations and Commitments
  Payments due by periodContractual Cash Obligations
    
    Total
    
    
    Less than 1 year
    
    
    1-3 years
    
    
    3-5 years
    
    
    More than 5 years(in millions)Long-term debt
    
    $
    25
    
    
    $
    23
    
    
    $
    2
    
    
    $
    
    
    
    $
    Operating leases
    
    
    2,305
    
    
    
    388
    
    
    
    574
    
    
    
    360
    
    
    
    983Retirement obligations (1)
    
    
    187
    
    
    
    39
    
    
    
    64
    
    
    
    28
    
    
    
    56Other commitments (2)
    
    
    162
    
    
    
    100
    
    
    
    53
    
    
    
    9
    
    
    
    Total
    
    $
    2,679
    
    
    $
    550
    
    
    $
    693
    
    
    $
    397
    
    
    $
    1,039
 
 (1)
    
    This represents projected payments under certain unfunded retirement plans for former
pre-incorporation partners. Because both of these plans are unfunded, we pay these benefits
directly. These plans were eliminated for active partners after May 15, 2001.(2)
    
    Other commitments include, among other things, information technology, software support and
maintenance obligations, as well as other obligations in the ordinary course of business that
we cannot cancel or where we would be required to pay a termination fee in the event of
cancellation. Amounts shown do not include recourse that we may have to recover termination
fees or penalties from clients. Off-Balance Sheet Arrangements
   Recently Adopted Accounting Pronouncements
  59




---



##### 



Considering the Effects of Prior Year Misstatements when Quantifying
Misstatements in Current Year Financial Statements
 New Accounting Pronouncements
   ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
  Foreign Currency Risk
   Interest Rate Risk
  60




---



##### 



Equity Price Risk
  ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
  ITEM 9.
    
    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
  ITEM 9A. CONTROLS AND PROCEDURES
 (a) Evaluation of Disclosure Controls and Procedures
   (b) Managements Annual Report on Internal Control over Financial Reporting
        61




---



##### 



(c) Changes in Internal Control over Financial Reporting
  ITEM 9B. OTHER INFORMATION
  PART III
 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
    Accenture SCA Supervisory Board
  ITEM 11. EXECUTIVE COMPENSATION
  ITEM 12.
    
    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER
MATTERS
  62




---



##### 



Securities Authorized for Issuance under Equity Compensation Plans
  Number of SharesNumber of Shares
    
    
    
    
    
    Remaining Availableto be Issued Upon
    
    
    
    
    
    for Future IssuanceExercise of
    
    Weighted-Average
    
    Under EquityOutstanding
    
    Exercise Price of
    
    Compensation PlansOptions,
    
    Outstanding
    
    (Excluding SecuritiesWarrants and
    
    Options, Warrants
    
    Reflected in 1stPlan Category
    
    Rights
    
    and Rights
    
    Column)Equity compensation plans
approved by shareholders:2001 Share Incentive Plan
    
    
    94,649,531
    (1)
    
    $
    19.10
    
    
    
    154,407,5722001 Employee Share Purchase Plan
    
    
    
    
    
    
    N/A
    
    
    
    27,291,328Equity
compensation plans not approved by shareholders
    
    
    
    
    
    
    N/A
    
    
    
    Total
    
    
    94,649,531
    
    
    
    
    
    
    
    181,698,900
 
 (1)
    
    Consists of 42,872,677 stock options with a weighted average exercise price of $19.10 per share
and 51,776,854 restricted share units. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
  ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
  PART IV
 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
  1.
    
    Financial Statements as of August 31, 2007 and August 31, 2006 and for the three years ended
August 31, 2007Included in Part II of this Form 10-K:
      63




---



##### 



2.
    
    Financial Statement Schedules:
  3.
    
    Exhibit Index:
 ExhibitNumber
    
    Exhibit3.1
    
    Form of Articles of Association of Accenture SCA, consolidated and updated as of June 28, 2005 (incorporated by
reference to Exhibit 10.1 to the May 31, 2005 10-Q).3.2
    
    Form of Bye-laws of Accenture Ltd, effective as of February 2, 2005 (incorporated by reference to Exhibit 3.1 to
the February 28, 2005 10-Q).9.1
    
    Form of Voting Agreement, dated as of April 18, 2001, among Accenture Ltd and the covered persons party thereto as
amended and restated as of February 3, 2005 (incorporated by reference to Exhibit 9.1 to the February 28, 2005
10-Q).10.1
    
    Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture Ltd and certain employees
(incorporated by reference to Exhibit 10.2 to the Accenture Ltd Registration Statement on Form S-1 filed on April
19, 2001 (the April 19, 2001 Form S-1)).10.2
    
    2001 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the Accenture Ltd Registration Statement on
Form S-1/A filed on July 12, 2001).10.3
    
    2001 Employee Share Purchase Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd November 30, 2001
10-Q).10.4
    
    Memorandum of Continuance of
Accenture Ltd, dated February 21, 2001 (incorporated by
reference to Exhibit 3.1 to the Accenture Ltd Registration
Statement on Form S-1/A filed on July 2, 2001 (the July 2,
2001 Form S-1/A)).10.5
    
    Form of Accenture SCA Transfer Rights Agreement, dated as of April 18, 2001, among Accenture SCA and the covered
persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to Exhibit 10.2 to
the Accenture Ltd February 28, 2005 10-Q).10.6
    
    Form of Non-Competition Agreement, dated as of April 18, 2001, among Accenture SCA and certain employees
(incorporated by reference to Exhibit 10.7 to the April 19, 2001 Form S-1).10.7
    
    Form of Letter Agreement, dated April 18, 2001, between Accenture SCA and certain shareholders of Accenture SCA
(incorporated by reference to Exhibit 10.8 to the April 19, 2001 Form S-1).10.8
    
    Form of Support Agreement, dated as of May 23, 2001, between Accenture Ltd and Accenture Canada Holdings Inc.
(incorporated by reference to Exhibit 10.9 to the July 2, 2001 Form S-1/A).10.9
    
    Form of Employment Agreement of Messrs. Campbell, Cole, Coughlan, Frerichs, Green, Rohleder and Scrivner and Mses.
Craig and Mascolo (incorporated by reference to Exhibit 10.10 to the Accenture Ltd Registration Statement on Form S-1/A
filed on June 8, 2001 (the June 8, 2001 S-1/A)).10.10
    
    Form of Employment Agreement of Karl-Heinz Flöther (incorporated by reference to Exhibit 10.3 to the Accenture Ltd
November 30, 2001 10-Q).10.11
    
    Form of Employment Agreement of Mr. Foster (incorporated by reference to Exhibit 10.8 to the November 30, 2001 10-Q).10.12
    
    Form of Employment Agreement of Gianfranco Casati (English translation) (incorporated by reference to Exhibit 10.13
to the Accenture Ltd August 31, 2006 10-K).10.13
    
    Form of Employment Agreement of Alexander van t Noordende (English translation) (incorporated by reference to
Exhibit 10.14 to the Accenture Ltd August 31, 2006 10-K).10.14
    
    Form of Employment Agreement of Pierre Nanterme (English translation) (incorporated by reference to the Accenture
Ltd August 31, 2007 10-K).10.15
    
    Form of Articles of Association of Accenture Canada Holdings Inc. (incorporated by reference to Exhibit 10.11 to the
July 2, 2001 Form S-1/A).
 64




---



##### 



ExhibitNumber
    
    Exhibit10.16
    
    Form of Exchange Trust Agreement by and between Accenture Ltd and Accenture Canada Holdings Inc. and CIBC Mellon
Trust Company, made as of May 23, 2001 (incorporated by reference to Exhibit 10.12 to the July 2, 2001 Form S-1/A).10.17
    
    Form of Transfer Restriction Agreement dated as of October 1, 2002 among Accenture Ltd and the transferors and
transferees signatory thereto (incorporated by reference to Exhibit 9.1 to the Accenture Ltd November 30, 2002
10-Q).10.18
    
    Form of Transfer Restriction Agreement dated as of October 1, 2002 among Accenture SCA and the transferors and
transferees signatory thereto (incorporated by reference to Exhibit 9.1 to November 30, 2002 10-Q).10.19
    
    Form of First Amendment, dated as of May 1, 2003, to Transfer Restriction Agreement dated as of October 1, 2002
among Accenture Ltd and the transferors and transferees signatory thereto (incorporated by reference to Exhibit
99.(d)(13) to Accenture SCAs and Accenture International SARLs Schedule TO filed on September 30, 2003).10.20
    
    Form of First Amendment, dated as of May 1, 2003, to Transfer Restriction Agreement dated as of October 1, 2002
among Accenture SCA and the transferors and transferees signatory thereto (incorporated by reference to Exhibit
99.(d)(14) to Accenture SCAs and Accenture International SARLs Schedule TO filed on September 30, 2003).10.21
    
    Form of Second Amendment, dated as of October 1, 2003, to Transfer Restriction Agreement dated as of October 1, 2002
among Accenture Ltd and the transferors and transferees signatory thereto (incorporated by reference to Exhibit
99.(d)(15) to Accenture SCAs and Accenture International SARLs Schedule TO filed on April 29, 2004).10.22
    
    Form of Second Amendment, dated as of October 1, 2003, to Transfer Restriction Agreement dated as of October 1, 2002
among Accenture SCA and the transferors and transferees signatory thereto (incorporated by reference to Exhibit
99.(d)(16) to Accenture SCAs and Accenture International SARLs Schedule TO filed on April 29, 2004).10.23
    
    Form of Ltd Transfer Restriction Agreement for the Accenture Family and Charitable Transfer Program dated as of
April 1, 2005 among Accenture Ltd and the transferors and transferees signatory thereto (incorporated by reference
to Exhibit 10.3 to the Accenture Ltd May 31, 2005 10-Q).10.24
    
    Form of SCA Transfer Restriction Agreement for the Accenture Family and Charitable Transfer Program dated as of
April 1, 2005 among Accenture SCA and the transferors and transferees signatory thereto (incorporated by reference
to Exhibit 10.2 to the Accenture Ltd May 31, 2005 10-Q).10.25
    
    Form of Transfer Agreement (for transfers of Unrestricted Shares of Accenture Ltd) for the Accenture Family and
Charitable Transfer Program dated as of April 1, 2005 among Accenture Ltd and the transferors and transferees
signatory thereto (incorporated by reference to Exhibit 10.5 to the Accenture Ltd May 31, 2005 10-Q).10.26
    
    Form of Transfer Agreement (for transfers of Unrestricted Shares of Accenture SCA) for the Accenture Family and
Charitable Transfer Program dated as of April 1, 2005 among Accenture SCA and the transferors and transferees
signatory thereto (incorporated by reference to Exhibit 10.4 to the Accenture Ltd May 31, 2005 10-Q).10.27
    
    Form of Restricted Share Unit Agreement for senior executives pursuant to the Accenture Ltd 2001 Share Incentive
Plan (incorporated by reference to Exhibit 4.1 to the November 30, 2004 10-Q).10.28
    
    Form of Nonqualified Share Option Agreement for senior executives pursuant to the Accenture Ltd 2001 Share Incentive
Plan (incorporated by reference to Exhibit 4.2 to the November 30, 2004 10-Q).10.29
    
    Form of Key Executive Performance-Based Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share
Incentive Plan (incorporated by reference to Exhibit 10.1 to the Accenture Ltd February 28, 2007 10-Q).10.30
    
    Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share
Incentive Plan (incorporated by reference to Exhibit 10.2 to the Accenture Ltd February 28, 2007 10-Q).10.31
    
    Form of Senior Leadership Equity Award Restricted Share Unit Agreement pursuant to Accenture Ltd 2001 Share
Incentive Plan (incorporated by reference to Exhibit 10.3 to the Accenture Ltd February 28, 2007 10-Q).10.32
    
    Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to Accenture Ltd
2001 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to the Accenture Ltd February 28, 2007 10-Q).10.33
    
    Description of Annual Bonus Plan (incorporated by reference to Exhibit 10.1 to the February 28, 2006 10-Q).21.1
    
    Subsidiaries of the Registrant (incorporated by reference to Exhibit 21.1 to the Accenture Ltd August 31, 2007 10-K).
 65




---



##### 



ExhibitNumber
    
    Exhibit24.1
    
    Power of Attorney (included on the signature page hereto).31.1
    
    Certification of the Chief Executive Officer of Accenture Ltd, the general partner of Accenture SCA, pursuant to
Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed
herewith).31.2
    
    Certification of the Chief Financial Officer of Accenture Ltd, the general partner of Accenture SCA, pursuant to
Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed
herewith).32.1
    
    Certification of the Chief Executive Officer of Accenture Ltd, the general partner of Accenture SCA, pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).32.2
    
    Certification of the Chief Financial Officer of Accenture Ltd, the general partner of Accenture SCA, pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).
 66




---



##### 



SIGNATURES
  ACCENTURE SCA, represented by its general partner,
Accenture Ltd, itself represented by its duly authorized
signatoryBy:

/s/ DOUGLAS G. SCRIVNERName:
    Douglas G. ScrivnerTitle:
    General Counsel & Secretary POWER OF ATTORNEY
   Signature
    

Title/s/ WILLIAM D. GREEN

William D. Green
    
    Chief Executive Officer,
Chairman of the Board and Director
(principal executive officer)/s/ DINA DUBLON
    
    DirectorDina Dublon/s/ DENNIS F. HIGHTOWER
    
    DirectorDennis F. Hightower/s/ NOBUYUKI IDEI
    
    DirectorNobuyuki Idei/s/ WILLIAM L. KIMSEY
    
    DirectorWilliam L. Kimsey/s/ ROBERT I. LIPP
    
    DirectorRobert I. Lipp/s/ MARJORIE MAGNER
    
    DirectorMarjorie Magner/s/ BLYTHE J. MCGARVIE
    
    DirectorBlythe J. McGarvie
 67




---



##### 



Signature
    

Title/s/ SIR MARK MOODY-STUART

Sir Mark Moody-Stuart
    
    Director/s/ WULF VON SCHIMMELMANN

Wulf von Schimmelmann
    
    Director/s/ PAMELA J. CRAIG

Pamela J. Craig
    
    Chief Financial Officer
(principal financial officer)/s/ ANTHONY G. COUGHLAN
    
    Principal Accounting Officer and ControllerAnthony G. Coughlan
    
    (principal accounting officer)
 68




---



##### 



ACCENTURE SCA
 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
 PageReport of Independent Registered Public Accounting Firm
    
    F-2Consolidated Financial Statements as of August 31, 2007 and 2006 and for the three years ended August 31, 2007:Consolidated Balance Sheets
    
    F-3Consolidated Income Statements
    
    F-4Consolidated Shareholders Equity and Comprehensive Income Statements
    
    F-5Consolidated Cash Flows Statements
    
    F-7Notes to Consolidated Financial Statements
    
    F-8
 F-1




---



##### 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 To the General Partner and Shareholders
Accenture SCA:
 Internal Control 
Integrated Framework
      
 F-2




---



##### 



ACCENTURE SCA
 CONSOLIDATED BALANCE SHEETS
 August 31, 2007 and 2006
(In thousands of U.S. dollars, except share and per share amounts)
 2007
    
    
    2006ASSETSCURRENT ASSETS:Cash and cash equivalents
    
    $
    3,314,396
    
    
    $
    3,066,988Short-term investments
    
    
    231,278
    
    
    
    352,951Receivables from clients, net
    
    
    2,409,299
    
    
    
    1,916,450Unbilled services, net
    
    
    1,290,035
    
    
    
    1,187,249Deferred income taxes, net
    
    
    318,172
    
    
    
    187,720Other current assets
    
    
    407,998
    
    
    
    479,501Total current assets
    
    
    7,971,178
    
    
    
    7,190,859NON-CURRENT ASSETS:Unbilled
services, net
    
    
    63,995
    
    
    
    105,081Investments
    
    
    81,935
    
    
    
    125,119Property and equipment, net of accumulated depreciation of $1,556,146 and $1,359,978, respectively
    
    
    808,069
    
    
    
    727,692Goodwill
    
    
    643,728
    
    
    
    527,648Deferred income taxes, net
    
    
    389,858
    
    
    
    392,211Other non-current assets
    
    
    788,399
    
    
    
    428,882Total non-current assets
    
    
    2,775,984
    
    
    
    2,306,633TOTAL ASSETS
    
    $
    10,747,162
    
    
    $
    9,497,492LIABILITIES AND SHAREHOLDERS EQUITYCURRENT LIABILITIES:Current portion of long-term debt and bank borrowings
    
    $
    23,795
    
    
    $
    24,792Accounts payable
    
    
    985,071
    
    
    
    856,087Deferred revenues
    
    
    1,785,286
    
    
    
    1,467,480Accrued payroll and related benefits
    
    
    2,274,098
    
    
    
    1,693,796Income taxes payable
    
    
    942,310
    
    
    
    722,096Deferred income taxes, net
    
    
    39,078
    
    
    
    49,870Other accrued liabilities
    
    
    912,978
    
    
    
    958,582Total current liabilities
    
    
    6,962,616
    
    
    
    5,772,703NON-CURRENT LIABILITIES:Long-term debt
    
    
    2,565
    
    
    
    27,065Retirement obligation
    
    
    494,416
    
    
    
    492,555Deferred income taxes, net
    
    
    31,758
    
    
    
    16,880Other non-current liabilities
    
    
    452,289
    
    
    
    426,156Total non-current liabilities
    
    
    981,028
    
    
    
    962,656COMMITMENTS AND CONTINGENCIESMINORITY INTEREST
    
    
    86,276
    
    
    
    72,832SHAREHOLDERS EQUITY:Class I
common shares, par value 1.25 per share, 10,000,000,000 shares authorized,
192,678,164 and 249,233,436 shares issued and outstanding as of August 31, 2007 and August 31,
2006, respectively
    
    
    215,985
    
    
    
    279,326Class II common shares, par value 1.25 per share, 20,000,000,000 shares authorized,
481,106,329 and 476,273,864 shares issued as of August 31, 2007 and August 31, 2006, respectively
    
    
    544,787
    
    
    
    537,048Class III, including Class III-A through -N lettered sub-series common shares, par value 1.25 per share, 10,000,000,000 shares authorized, 790,059,610 and 727,992,071 shares issued as of August
31, 2007 and August 31, 2006, respectively
    
    
    892,131
    
    
    
    819,962Restricted share units (related to Accenture Ltd Class A common shares)
    
    
    649,475
    
    
    
    482,289Additional paid-in capital
    
    
    3,690,952
    
    
    
    3,435,364Treasury shares, at cost: Class II common, 10,148,021 and 5,315,556 shares at August 31, 2007 and
August 31, 2006, respectively; Class III common, 232,944,408 and 194,117,186 shares at
August 31, 2007 and August 31, 2006, respectively
    
    
    (6,422,233
    )
    
    
    (4,809,618
    )Investment in Accenture Ltd shares, at cost, 8,243,517 and 342,359 shares at August 31, 2007 and
August 31, 2006, respectively
    
    
    (256,712
    )
    
    
    (9,054
    )Retained earnings
    
    
    3,318,696
    
    
    
    1,980,478Accumulated other comprehensive income (loss)
    
    
    84,161
    
    
    
    (26,494
    )Total shareholders equity
    
    
    2,717,242
    
    
    
    2,689,301TOTAL LIABILITIES AND SHAREHOLDERS EQUITY
    
    $
    10,747,162
    
    
    $
    9,497,492
  F-3




---



##### 



ACCENTURE SCA
 CONSOLIDATED INCOME STATEMENTS
 For the Years Ended August 31, 2007, 2006 and 2005
(In thousands of U.S. dollars, except per share amounts)
 2007
    
    
    2006
    
    
    2005REVENUES:Revenues before reimbursements
    
    $
    19,695,814
    
    
    $
    16,646,391
    
    
    $
    15,547,029Reimbursements
    
    
    1,756,933
    
    
    
    1,581,975
    
    
    
    1,547,391Revenues
    
    
    21,452,747
    
    
    
    18,228,366
    
    
    
    17,094,420OPERATING EXPENSES:Cost of services:Cost of services before reimbursable expenses
    
    
    13,654,341
    
    
    
    11,652,216
    
    
    
    10,454,650Reimbursable expenses
    
    
    1,756,933
    
    
    
    1,581,975
    
    
    
    1,547,391Cost of services
    
    
    15,411,274
    
    
    
    13,234,191
    
    
    
    12,002,041Sales and marketing
    
    
    1,903,990
    
    
    
    1,708,392
    
    
    
    1,558,446General and administrative costs
    
    
    1,618,498
    
    
    
    1,492,690
    
    
    
    1,511,952Reorganization costs (benefits), net
    
    
    26,366
    
    
    
    (47,966
    )
    
    
    (89,257
    )Total operating expenses
    
    
    18,960,128
    
    
    
    16,387,307
    
    
    
    14,983,182OPERATING INCOME
    
    
    2,492,619
    
    
    
    1,841,059
    
    
    
    2,111,238Gain on investments, net
    
    
    18,532
    
    
    
    2,018
    
    
    
    21,468Interest income
    
    
    154,566
    
    
    
    129,547
    
    
    
    108,236Interest expense
    
    
    (25,036
    )
    
    
    (21,146
    )
    
    
    (23,973
    )Other expense
    
    
    (21,763
    )
    
    
    (27,811
    )
    
    
    (10,967
    )INCOME BEFORE INCOME TAXES
    
    
    2,618,918
    
    
    
    1,923,667
    
    
    
    2,206,002Provision for income taxes
    
    
    895,861
    
    
    
    490,535
    
    
    
    697,097INCOME BEFORE MINORITY INTEREST
    
    
    1,723,057
    
    
    
    1,433,132
    
    
    
    1,508,905Minority interest in Accenture Canada Holdings Inc.
    
    
    (7,199
    )
    
    
    (6,787
    )
    
    
    (7,590
    )Minority interest  other
    
    
    (25,992
    )
    
    
    (12,421
    )
    
    
    (11,946
    )NET INCOME
    
    $
    1,689,866
    
    
    $
    1,413,924
    
    
    $
    1,489,369Cash dividends per share
    
    $
    0.35
    
    
    $
    0.30
    
    
    $
    
  F-4




---



##### 



ACCENTURE SCA
 CONSOLIDATED SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME STATEMENTS
 For the Years Ended August 31, 2007, 2006 and 2005
(In thousands of U.S. dollars and in thousands of share amounts)
 RestrictedShare Units(related toClass I
    
    
    Class II
    
    
    Class III
    
    
    Accenture LtdCommon
    
    
    Common
    
    
    Common
    
    
    Class A
    
    
    Additional
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Retained
    
    
    Accumulated OtherShares
    
    
    Shares
    
    
    Shares
    
    
    common
    
    
    Paid-in
    
    
    Treasury Shares
    
    
    Investment in Accenture Ltd
    
    
    Earnings
    
    
    Comprehensive$
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    shares)
    
    
    Capital
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    

(Deficit)
    
    
    Income (Loss)
    
    
    TotalBalance as of August 31, 2004
    
    $
    1,090,621
    
    
    
    971,294
    
    
    $
    529,281
    
    
    
    470,958
    
    
    $
    
    
    
    
    
    
    
    $
    324,463
    
    
    $
    2,976,655
    
    
    $
    (1,898,744
    )
    
    
    (83,869
    )
    
    $
    (35,697
    )
    
    
    (1,422
    )
    
    $
    (497,729
    )
    
    $
    (113,760
    )
    
    $
    2,375,090Comprehensive income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,489,369
    
    
    
    
    
    
    
    1,489,369Other comprehensive loss:Unrealized losses on marketable securities, net of
reclassification adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,743
    )
    
    
    (2,743
    )Foreign currency translation adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (20,284
    )
    
    
    (20,284
    )Minimum pension liability adjustment, net of tax
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (95,697
    )
    
    
    (95,697
    )Other comprehensive loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (118,724
    )Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,370,645Income tax benefit on:Share-based compensation plans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    75,532
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    75,532Costs related to issuance of shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,846
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,846Contract termination
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    134
    
    
    
    
    
    
    
    134Purchases of Accenture Ltd Class A common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (13,286
    )
    
    
    
    
    
    
    
    
    
    
    (22,617
    )
    
    
    (931
    )
    
    
    
    
    
    
    
    
    
    
    (35,903
    )Reclassification of Class I common shares to Class III common shares
    
    
    (735,786
    )
    
    
    (654,721
    )
    
    
    
    
    
    
    
    
    
    
    735,786
    
    
    
    654,721
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Share-based compensation expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    87,640
    
    
    
    701
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    88,341Purchases/redemptions of Accenture SCAClass I and III common shares
and AccentureCanada Holdings Inc. exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (22,335
    )
    
    
    (1,553,293
    )
    
    
    (64,741
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,575,628
    )Issuances of Accenture SCA Class I and III common shares related to
employee share programs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (46,395
    )
    
    
    (22,392
    )
    
    
    425,028
    
    
    
    19,641
    
    
    
    
    
    
    
    
    
    
    
    (60,961
    )
    
    
    
    
    
    
    295,280Transaction fees
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,427
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,427Minority interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,039
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,039Balance as of August 31, 2005
    
    $
    354,835
    
    
    
    316,573
    
    
    $
    529,281
    
    
    
    470,958
    
    
    $
    735,786
    
    
    
    654,721
    
    
    $
    365,708
    
    
    $
    3,017,187
    
    
    $
    (3,027,009
    )
    
    
    (128,969
    )
    
    $
    (58,314
    )
    
    
    (2,353
    )
    
    $
    930,813
    
    
    $
    (232,484
    )
    
    $
    2,615,803Comprehensive income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,413,924
    
    
    
    
    
    
    
    1,413,924Other comprehensive income:Unrealized losses on marketable securities, net of
reclassification adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,260
    )
    
    
    (1,260
    )Foreign currency translation adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    52,423
    
    
    
    52,423
  F-5




---



##### 



ACCENTURE SCA
 CONSOLIDATED
SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME STATEMENTS  
(continued)
 For the Years Ended August 31, 2007, 2006 and 2005
(In thousands of U.S. dollars and in thousands of share amounts)
 RestrictedShare Units(related toClass I
    
    
    Class II
    
    
    Class III
    
    
    Accenture LtdCommon
    
    
    Common
    
    
    Common
    
    
    Class A
    
    
    Additional
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Retained
    
    
    Accumulated OtherShares
    
    
    Shares
    
    
    Shares
    
    
    common
    
    
    Paid-in
    
    
    Treasury Shares
    
    
    Investment in Accenture Ltd
    
    
    Earnings
    
    
    Comprehensive$
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    shares)
    
    
    Capital
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    

(Deficit)
    
    
    Income (Loss)
    
    
    TotalMinimum pension liability
adjustment, net of tax
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    154,827
    
    
    
    154,827Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    205,990Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,619,914Income tax benefit on:Share-based compensation plans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    100,508
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    100,508Contract termination
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    497
    
    
    
    
    
    
    
    497Issuances and redemptions of Class II and Class III
common shares
    
    
    
    
    
    
    
    
    
    
    7,767
    
    
    
    5,316
    
    
    
    8,667
    
    
    
    5,931
    
    
    
    
    
    
    
    155,369
    
    
    
    (171,803
    )
    
    
    (11,248
    )
    
    
    
    
    
    
    
    
    
    
    (171,696
    )
    
    
    
    
    
    
    (171,696
    )Purchases of Accenture Ltd Class A
common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (16,192
    )
    
    
    
    
    
    
    
    
    
    
    (263,711
    )
    
    
    (11,979
    )
    
    
    
    
    
    
    
    
    
    
    (279,903
    )Transfer of shares from Investment in Accenture Ltd
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    312,971
    
    
    
    13,990
    
    
    
    
    
    
    
    
    
    
    
    312,971Share-based compensation expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    152,158
    
    
    
    112,952
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    265,110Purchases/redemptions of Accenture SCAClass I common shares
    
    
    (75,509
    )
    
    
    (67,340
    )
    
    
    
    
    
    
    
    
    
    
    75,509
    
    
    
    67,340
    
    
    
    
    
    
    
    
    
    
    
    (1,692,224
    )
    
    
    (67,340
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,692,224
    )Purchases/redemptions of Accenture SCAClass III common shares and AccentureCanada Holdings Inc. exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    61,557
    
    
    
    (489,428
    )
    
    
    (17,481
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (427,871
    )Issuances of Accenture SCA Class III common
shares related to employee share programs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (49,141
    )
    
    
    (1,568
    )
    
    
    570,846
    
    
    
    25,605
    
    
    
    
    
    
    
    
    
    
    
    (83,219
    )
    
    
    
    
    
    
    436,918Dividends
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13,564
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (109,841
    )
    
    
    
    
    
    
    (96,277
    )Minority interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,551
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,551Balance as of August 31, 2006
    
    $
    279,326
    
    
    
    249,233
    
    
    $
    537,048
    
    
    
    476,274
    
    
    $
    819,962
    
    
    
    727,992
    
    
    $
    482,289
    
    
    $
    3,435,364
    
    
    $
    (4,809,618
    )
    
    
    (199,433
    )
    
    $
    (9,054
    )
    
    
    (342
    )
    
    $
    1,980,478
    
    
    $
    (26,494
    )
    
    $
    2,689,301Adoption of FASB Statement No. 158, net of tax
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    26,053
    
    
    
    26,053Comprehensive income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,689,866
    
    
    
    
    
    
    
    1,689,866Other comprehensive income:Unrealized gains on marketable
securities, net of reclassification
adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,165
    
    
    
    2,165Foreign currency translation
adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    84,474
    
    
    
    84,474Minimum pension liability adjustment,
net of tax
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,037
    )
    
    
    (2,037
    )Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    84,602Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,774,468Income tax benefit on:Share-based compensation plans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    27,469
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    27,469Contract termination
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    31
    
    
    
    
    
    
    
    31Issuances and redemptions of Class II and Class III
common shares
    
    
    
    
    
    
    
    
    
    
    7,739
    
    
    
    4,832
    
    
    
    8,828
    
    
    
    5,513
    
    
    
    
    
    
    
    187,940
    
    
    
    (204,507
    )
    
    
    (10,345
    )
    
    
    
    
    
    
    
    
    
    
    (204,452
    )
    
    
    
    
    
    
    (204,452
    )Purchases of Accenture Ltd Class A
common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (27,931
    )
    
    
    
    
    
    
    
    
    
    
    (334,285
    )
    
    
    (10,531
    )
    
    
    
    
    
    
    
    
    
    
    (362,216
    )Transfer of shares from Investment in
Accenture Ltd
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    86,627
    
    
    
    2,629
    
    
    
    
    
    
    
    
    
    
    
    86,627Share-based compensation expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    242,435
    
    
    
    62,128
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    304,563Purchases/redemptions of Accenture SCAClass I common shares
    
    
    (63,341
    )
    
    
    (56,555
    )
    
    
    
    
    
    
    
    
    
    
    63,341
    
    
    
    56,555
    
    
    
    
    
    
    
    
    
    
    
    (1,837,064
    )
    
    
    (53,370
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,837,064
    )Purchases/redemptions of Accenture SCAClass III common shares and AccentureCanada Holdings Inc. exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (4,755
    )
    
    
    (190,539
    )
    
    
    (4,616
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (195,294
    )Issuances of Accenture SCA Class III common
shares related to employee share programs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (89,846
    )
    
    
    
    
    
    
    619,495
    
    
    
    24,672
    
    
    
    
    
    
    
    
    
    
    
    (41,399
    )
    
    
    
    
    
    
    488,250Dividends
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    14,597
    
    
    
    2,624
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (105,828
    )
    
    
    
    
    
    
    (88,607
    )Minority interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,113
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,113Balance as of August 31, 2007
    
    $
    215,985
    
    
    
    192,678
    
    
    $
    544,787
    
    
    
    481,106
    
    
    $
    892,131
    
    
    
    790,060
    
    
    $
    649,475
    
    
    $
    3,690,952
    
    
    $
    (6,422,233
    )
    
    
    (243,092
    )
    
    $
    (256,712
    )
    
    
    (8,244
    )
    
    $
    3,318,696
    
    
    $
    84,161
    
    
    $
    2,717,242
  F-6




---



##### 



ACCENTURE SCA
 CONSOLIDATED CASH FLOWS STATEMENTS
 For the Years Ended August 31, 2007, 2006 and 2005
(In thousands of U.S. dollars)
 2007
    
    
    2006
    
    
    2005CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    1,689,866
    
    
    $
    1,413,924
    
    
    $
    1,489,369Adjustments to reconcile Net income to Net cash provided by operating
activities Depreciation, amortization and asset impairments
    
    
    444,499
    
    
    
    351,947
    
    
    
    282,073Reorganization costs (benefits), net
    
    
    26,366
    
    
    
    (47,966
    )
    
    
    (89,257
    )Share-based compensation expense
    
    
    306,795
    
    
    
    270,884
    
    
    
    88,341Deferred income taxes, net
    
    
    (107,673
    )
    
    
    (223,637
    )
    
    
    63,139Minority interest
    
    
    33,191
    
    
    
    19,208
    
    
    
    19,536Other, net
    
    
    (14,769
    )
    
    
    (1,163
    )
    
    
    (13,110
    )Change in assets and liabilities, net of acquisitions Receivables from clients, net
    
    
    (410,953
    )
    
    
    (90,458
    )
    
    
    (59,460
    )Other current assets
    
    
    3,058
    
    
    
    35,755
    
    
    
    12,399Unbilled services, current and non-current
    
    
    (7,476
    )
    
    
    400,142
    
    
    
    (596,984
    )Other non-current assets
    
    
    (359,805
    )
    
    
    (12,655
    )
    
    
    (24,853
    )Accounts payable
    
    
    107,533
    
    
    
    48,157
    
    
    
    270,499Deferred revenues
    
    
    274,421
    
    
    
    130,504
    
    
    
    334,121Accrued payroll and related benefits
    
    
    529,762
    
    
    
    228,688
    
    
    
    (60,147
    )Income taxes payable
    
    
    169,783
    
    
    
    (68,961
    )
    
    
    115,950Other accrued liabilities
    
    
    (163,624
    )
    
    
    233,961
    
    
    
    29,714Other non-current liabilities
    
    
    109,591
    
    
    
    (20,341
    )
    
    
    25,751Net cash provided by operating activities
    
    
    2,630,565
    
    
    
    2,667,989
    
    
    
    1,887,081CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from maturities and sales of available-for-sale investments
    
    
    885,463
    
    
    
    657,629
    
    
    
    944,484Purchases of available-for-sale investments
    
    
    (693,733
    )
    
    
    (401,181
    )
    
    
    (1,019,317
    )Proceeds from sales of property and equipment
    
    
    14,549
    
    
    
    13,951
    
    
    
    6,318Purchases of property and equipment
    
    
    (364,371
    )
    
    
    (306,174
    )
    
    
    (317,772
    )Purchases of businesses and investments, net of cash acquired
    
    
    (192,356
    )
    
    
    (210,985
    )
    
    
    (188,469
    )Proceeds from the sale of business, net of cash transferred
    
    
    
    
    
    
    4,260
    
    
    
    Net cash used in investing activities
    
    
    (350,448
    )
    
    
    (242,500
    )
    
    
    (574,756
    )CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of common shares
    
    
    488,250
    
    
    
    436,918
    
    
    
    298,707Purchases of common shares
    
    
    (2,512,399
    )
    
    
    (2,258,723
    )
    
    
    (1,625,097
    )Proceeds from long-term debt
    
    
    2,225
    
    
    
    7,669
    
    
    
    6,061Repayments of long-term debt
    
    
    (26,620
    )
    
    
    (23,983
    )
    
    
    (9,467
    )Proceeds from short-term borrowings
    
    
    39,080
    
    
    
    40,269
    
    
    
    61,834Repayments of short-term borrowings
    
    
    (40,554
    )
    
    
    (52,657
    )
    
    
    (71,043
    )Cash dividends paid
    
    
    (88,607
    )
    
    
    (96,277
    )
    
    
    Excess tax benefits from share-based payment arrangements
    
    
    56,178
    
    
    
    42,832
    
    
    
    Other, net
    
    
    (45,259
    )
    
    
    (40,515
    )
    
    
    (38,453
    )Net cash used in financing activities
    
    
    (2,127,706
    )
    
    
    (1,944,467
    )
    
    
    (1,377,458
    )Effect of exchange rate changes on cash and cash equivalents
    
    
    94,997
    
    
    
    101,976
    
    
    
    (3,835
    )NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
    
    
    247,408
    
    
    
    582,998
    
    
    
    (68,968
    )CASH AND CASH EQUIVALENTS,beginning of period
    
    
    3,066,988
    
    
    
    2,483,990
    
    
    
    2,552,958CASH AND CASH EQUIVALENTS,end of period
    
    $
    3,314,396
    
    
    $
    3,066,988
    
    
    $
    2,483,990Supplemental cash flow informationInterest paid
    
    $
    24,847
    
    
    $
    20,837
    
    
    $
    23,597Income taxes paid
    
    $
    798,286
    
    
    $
    768,313
    
    
    $
    573,026
  F-7




---



##### 



ACCENTURE SCA
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 Description of Business
   Principles of Consolidation
    Use of Estimates
  Reclassifications
  Revenue Recognition
 Accounting for Performance
of Construction-Type and Certain Production-Type Contracts
 F-8




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Revenue Recognition in Financial Statements Revenue Recognition
   Accounting for Revenue Arrangements with Multiple Deliverables,
 F-9




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
   Operating Expenses
  Year Ended August 31,2007
    
    2006
    
    2005Training costs
    
    $
    775,768
    
    
    $
    680,662
    
    
    $
    546,248Research and development costs
    
    
    307,357
    
    
    
    298,354
    
    
    
    243,449Advertising costs
    
    
    94,404
    
    
    
    68,810
    
    
    
    65,902Provision for (release of) doubtful accounts
    
    
    9,441
    
    
    
    9,389
    
    
    
    (3,849
    )
  Employee Share-Based Compensation Arrangements
 Share-Based Payment Accounting for Stock-Based Compensation Accounting for Stock Issued to Employees
 Income Taxes
  Translation of Non-U.S. Currency Amounts
   F-10




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 Foreign Exchange Instruments
 Accounting for Derivative Instruments and Hedging
Activities
 Cash and Cash Equivalents
  Client Receivables, Client Financing and Allowances
  Concentrations of Credit Risk
  Investments
  F-11




---



##### 



ACCENTURE SCA
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 Property and Equipment
  Buildings
    
    20 to 25 yearsComputers, related equipment and software
    
    2 to 7 yearsFurniture and fixtures
    
    5 to 10 yearsLeasehold improvements
    
    Lesser of lease term or 15 years
 Long-Lived Assets
  Recently Adopted Accounting Pronouncements
 Employers Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of
FASB Statements No. 87, 106, and 132(R) Employers Accounting for Pensions,
  Considering the Effects of Prior Year
Misstatements when Quantifying Misstatements in Current Year Financial Statements
 New Accounting Pronouncements
  F-12




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  2. REORGANIZATION COSTS (BENEFITS)
   Year Ended August 31,2007
    
    
    2006
    
    
    2005Reorganization liability balance, beginning of period
    
    $
    350,864
    
    
    $
    381,440
    
    
    $
    454,042Final determinations (1)
    
    
    (44,066
    )
    
    
    (72,362
    )
    
    
    (115,444
    )Changes in estimates
    
    
    44,066
    
    
    
    
    
    
    
    Benefits recorded
    
    
    
    
    
    
    (72,362
    )
    
    
    (115,444
    )Interest expense accrued
    
    
    26,366
    
    
    
    24,396
    
    
    
    26,187Payments
    
    
    
    
    
    
    
    
    
    
    Costs (benefits), net of accrued interest and payments
    
    
    26,366
    
    
    
    (47,966
    )
    
    
    (89,257
    )Foreign currency translation
    
    
    23,998
    
    
    
    17,390
    
    
    
    16,655Reorganization liability, end of period
    
    $
    401,228
    
    
    $
    350,864
    
    
    $
    381,440
 
 (1)
    
    Includes final agreements with tax authorities and expirations of statutes of limitations.  F-13




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
  August 31,2007
    
    
    2006Unrealized losses on marketable securities, net of reclassification adjustments
    
    $
    (1,314
    )
    
    $
    (3,479
    )Foreign currency translation adjustments
    
    
    93,861
    
    
    
    9,387Pension and postretirement plans adjustments, net of tax of $8,137 and
$22,863, respectively
    
    
    (8,386
    )
    
    
    (32,402
    )Accumulated other comprehensive income (loss)
    
    $
    84,161
    
    
    $
    (26,494
    )
 4. PROPERTY AND EQUIPMENT
  August 31,2007
    
    
    2006Buildings and land
    
    $
    4,102
    
    
    $
    3,870Computers, related equipment and software
    
    
    1,410,010
    
    
    
    1,245,334Furniture and fixtures
    
    
    332,798
    
    
    
    308,192Leasehold improvements
    
    
    617,305
    
    
    
    530,274Property and equipment, gross
    
    
    2,364,215
    
    
    
    2,087,670Total accumulated depreciation
    
    
    (1,556,146
    )
    
    
    (1,359,978
    )Property and equipment, net
    
    $
    808,069
    
    
    $
    727,692
 5. BUSINESS COMBINATIONS AND GOODWILL
    F-14




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Goodwill and Other Intangible Assets
 Foreign
    
    
    
    
    
    
    
    
    
    
    ForeignCurrency
    
    
    
    
    
    
    
    
    
    
    CurrencyAugust 31,
    
    
    Additions/
    
    
    Translation
    
    
    August 31,
    
    
    Additions/
    
    
    Translation
    
    
    August 31,2005
    
    
    Adjustments
    
    
    Adjustments
    
    
    2006
    
    
    Adjustments
    
    
    Adjustments
    
    
    2007Communications & High Tech
    
    $
    73,086
    
    
    $
    5,128
    
    
    $
    4,525
    
    
    $
    82,739
    
    
    $
    27,556
    
    
    $
    4,902
    
    
    $
    115,197Financial Services
    
    
    51,569
    
    
    
    69,650
    
    
    
    2,373
    
    
    
    123,592
    
    
    
    2,647
    
    
    
    2,104
    
    
    
    128,343Government
    
    
    24,933
    
    
    
    6,568
    
    
    
    1,752
    
    
    
    33,253
    
    
    
    36,537
    
    
    
    1,421
    
    
    
    71,211Products
    
    
    196,937
    
    
    
    56,111
    
    
    
    5,342
    
    
    
    258,390
    
    
    
    24,216
    
    
    
    4,970
    
    
    
    287,576Resources
    
    
    31,963
    
    
    
    (3,950
    )
    
    
    1,661
    
    
    
    29,674
    
    
    
    10,263
    
    
    
    1,464
    
    
    
    41,401Total
    
    $
    378,488
    
    
    $
    133,507
    
    
    $
    15,653
    
    
    $
    527,648
    
    
    $
    101,219
    
    
    $
    14,861
    
    
    $
    643,728
 6. INVESTMENTS AND FINANCIAL INSTRUMENTS
  Amortized
    
    
    Unrealized
    
    
    Unrealized
    
    
    EstimatedCost
    
    
    Gains
    
    
    Losses
    
    
    Fair ValueAugust 31, 2007Available-for-sale debt securitiesAsset-backed securities
    
    $
    27,459
    
    
    $
    1
    
    
    $
    (199
    )
    
    $
    27,261Certificates of deposit and time deposits
    
    
    56,000
    
    
    
    
    
    
    
    (14
    )
    
    
    55,986Corporate debt securities
    
    
    167,706
    
    
    
    29
    
    
    
    (669
    )
    
    
    167,066Foreign government securities
    
    
    3,264
    
    
    
    5
    
    
    
    (22
    )
    
    
    3,247U.S. Treasury securities
    
    
    56,362
    
    
    
    
    
    
    
    (483
    )
    
    
    55,879Total available-for-sale debt securities
    
    
    310,791
    
    
    
    35
    
    
    
    (1,387
    )
    
    
    309,439Available-for-sale equity securities
    
    
    2,477
    
    
    
    418
    
    
    
    (380
    )
    
    
    2,515Total available-for-sale securities
    
    
    313,268
    
    
    
    453
    
    
    
    (1,767
    )
    
    
    311,954Other
    
    
    1,259
    
    
    
    
    
    
    
    
    
    
    
    1,259Total investments as of August 31, 2007
    
    $
    314,527
    
    
    $
    453
    
    
    $
    (1,767
    )
    
    $
    313,213August 31, 2006Available-for-sale debt securitiesAsset-backed securities
    
    $
    24,759
    
    
    $
    
    
    
    $
    (536
    )
    
    $
    24,223Certificates of deposit and time deposits
    
    
    50,105
    
    
    
    6
    
    
    
    
    
    
    
    50,111Corporate debt securities
    
    
    331,979
    
    
    
    79
    
    
    
    (1,551
    )
    
    
    330,507Foreign government securities
    
    
    3,803
    
    
    
    1
    
    
    
    (125
    )
    
    
    3,679U.S. Treasury securities
    
    
    67,455
    
    
    
    
    
    
    
    (1,592
    )
    
    
    65,863Total available-for-sale debt securities
    
    
    478,101
    
    
    
    86
    
    
    
    (3,804
    )
    
    
    474,383Available-for-sale equity securities
    
    
    2,018
    
    
    
    297
    
    
    
    (58
    )
    
    
    2,257Total available-for-sale securities
    
    
    480,119
    
    
    
    383
    
    
    
    (3,862
    )
    
    
    476,640Other
    
    
    1,430
    
    
    
    
    
    
    
    
    
    
    
    1,430Total investments as of August 31, 2006
    
    $
    481,549
    
    
    $
    383
    
    
    $
    (3,862
    )
    
    $
    478,070
 F-15




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  August 31, 2007Amortized
    
    
    EstimatedCost
    
    
    Fair ValueDue in 1 year or less
    
    $
    231,614
    
    
    $
    231,278Due in 1-2 years
    
    
    55,763
    
    
    
    55,011Due in 2-3 years
    
    
    7,712
    
    
    
    7,591Due in 3-4 years
    
    
    7,438
    
    
    
    7,352Due in 4-5 years
    
    
    5,163
    
    
    
    5,136Due after 5 years
    
    
    3,101
    
    
    
    3,071Total available-for-sale debt securities
    
    $
    310,791
    
    
    $
    309,439
  Year ended August 31,2007
    
    2006
    
    2005Proceeds from maturities
    
    $
    662,190
    
    
    $
    504,265
    
    
    $
    901,032Proceeds from sales
    
    
    223,273
    
    
    
    153,364
    
    
    
    43,452Gross realized gains
    
    
    19,175
    
    
    
    3,347
    
    
    
    26,291Gross realized losses
    
    
    156
    
    
    
    305
    
    
    
    3,956
 Foreign Exchange Instruments
  August 31,2007
    
    2006Notional
    
    Fair
    
    Notional
    
    FairValue
    
    Value
    
    Value
    
    ValueForeign currency forward exchange contracts:To sell
    
    $
    427,602
    
    
    $
    (8,470
    )
    
    $
    176,486
    
    
    $
    (4,740
    )To buy
    
    
    510,271
    
    
    
    3,726
    
    
    
    471,280
    
    
    
    (2,908
    )
 F-16




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 7. BORROWINGS AND INDEBTEDNESS
  BorrowingsUnderFacility Amount
    
    
    FacilitiesSyndicated loan facility (1)
    
    $
    1,200,000
    
    
    $
    Separate bilateral, uncommitted, unsecured multicurrency revolving credit facilities (2)
    
    
    350,000
    
    
    
    924Local guaranteed and non-guaranteed lines of credit (3)
    
    
    139,312
    
    
    
    Total
    
    $
    1,689,312
    
    
    $
    924
 
 (1)
    
    On July 12, 2007, the maturity of the Companys existing $1.2 billion syndicated loan
facility was extended one year, resulting in a current maturity of July 31, 2012. This
facility provides unsecured, revolving borrowing capacity for general working capital
purposes, including the issuance of letters of credit. Financing is provided under this
facility at the prime rate or at the London Interbank Offered Rate plus a spread. This
facility requires us to: (1) limit liens placed on the Companys assets to (a) liens incurred
in the ordinary course of business (subject to certain qualifications) and (b) other liens
securing obligations not to exceed 30% of the Companys consolidated assets; and (2) maintain
a debt-to-cash-flow ratio not exceeding 1.75 to 1.00. The Company continues to be in
compliance with these terms. As of August 31, 2007 and 2006, the Company had no borrowings
under the facility. The facility is subject to annual commitment fees.(2)
    
    The Company maintains three separate bilateral, uncommitted and unsecured multicurrency
revolving credit facilities. These facilities provide local currency financing for the
majority of the Companys operations. Interest rate terms on the bilateral revolving
facilities are at market rates prevailing in the relevant local markets. As of August 31, 2007
and 2006, the Company had $924 and $2,218, respectively, of borrowings under these facilities.
The weighted average interest rate on borrowings under these multicurrency credit facilities
and lines of credit, based on the average annual balances, was approximately 5% in fiscal
2007, 5% in fiscal 2006 and 7% in fiscal 2005.(3)
    
    The Company also maintains local guaranteed and non-guaranteed lines of credit for those
locations that cannot access the Companys global facilities. As of August 31, 2007 and 2006,
the Company had no borrowings under these various facilities.  8. INCOME TAXES
 Year Ended August 31,2007
    
    
    2006 (1)
    
    
    2005Current taxes:U.S. Federal
    
    $
    361,351
    
    
    $
    216,549
    
    
    $
    138,457U.S. state and local
    
    
    44,394
    
    
    
    30,935
    
    
    
    19,779Non-U.S.
    
    
    597,218
    
    
    
    463,586
    
    
    
    478,049Total current tax expense
    
    
    1,002,963
    
    
    
    711,070
    
    
    
    636,285Deferred taxes:U.S. Federal
    
    
    (102,741
    )
    
    
    (102,321
    )
    
    
    55,344U.S. state and local
    
    
    (12,622
    )
    
    
    (14,617
    )
    
    
    7,906Non-U.S.
    
    
    8,261
    
    
    
    (103,597
    )
    
    
    (2,438
    )Total deferred tax (benefit) expense
    
    
    (107,102
    )
    
    
    (220,535
    )
    
    
    60,812Total
    
    $
    895,861
    
    
    $
    490,535
    
    
    $
    697,097
 
 (1)
    
    2006 adjusted to reflect the impact of a reallocation of current and deferred tax (benefit)
expense between U.S. and non-U.S. There was no change in total to current or deferred (benefit)
expense or to total U.S. or total non-U.S. expense. F-17




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
   Year Ended August 31,2007
    
    
    2006
    
    
    2005U.S. sources
    
    $
    606,437
    
    
    $
    648,283
    
    
    $
    682,030Non-U.S. sources
    
    
    2,012,481
    
    
    
    1,275,384
    
    
    
    1,523,972Total
    
    $
    2,618,918
    
    
    $
    1,923,667
    
    
    $
    2,206,002
  Year Ended August 31,2007
    
    
    2006
    
    
    2005U.S. Federal statutory income tax rate
    
    
    35.0
    %
    
    
    35.0
    %
    
    
    35.0
    %U.S. state and local taxes, net
    
    
    1.0
    
    
    
    1.7
    
    
    
    1.6Reorganization cost (benefits)
    
    
    0.4
    
    
    
    (0.9
    )
    
    
    (1.4
    )Final determinations (1)
    
    
    (1.8
    )
    
    
    (10.8
    )
    
    
    (6.4
    )Deferred tax revaluation (2)
    
    
    1.0
    
    
    
    (3.8
    )
    
    
    Non-U.S. operations
    
    
    (2.8
    )
    
    
    0.5
    
    
    
    (0.4
    )Other
    
    
    1.4
    
    
    
    3.8
    
    
    
    3.2Effective income tax rate
    
    
    34.2
    %
    
    
    25.5
    %
    
    
    31.6
    %
 
 (1)
    
    Final determinations include final agreements with tax authorities and expirations of
statutes of limitations.(2)
    
    Related to updated estimates of the probable future benefits of certain deferred tax assets
and the impact of tax rate changes on deferred tax assets and liabilities.  August 31,2007
    
    
    2006Deferred tax assets:Pensions
    
    $
    62,482
    
    
    $
    77,845Revenue recognition
    
    
    61,206
    
    
    
    43,747Compensation and benefits
    
    
    235,905
    
    
    
    165,180Stock-based Compensation
    
    
    210,001
    
    
    
    161,220Tax credit carryforwards
    
    
    22,775
    
    
    
    13,937Net operating loss carryforwards
    
    
    173,402
    
    
    
    271,458Depreciation and amortization
    
    
    142,661
    
    
    
    144,023Other
    
    
    83,427
    
    
    
    48,513991,859
    
    
    
    925,923Valuation allowance
    
    
    (157,905
    )
    
    
    (198,654
    )Total deferred tax assets
    
    
    833,954
    
    
    
    727,269Deferred tax liabilities:Revenue recognition
    
    
    (64,440
    )
    
    
    (71,319
    )Depreciation and amortization
    
    
    (28,673
    )
    
    
    (58,660
    )Investments
    
    
    (59,347
    )
    
    
    (51,375
    )Other
    
    
    (44,300
    )
    
    
    (32,734
    )Total deferred tax liabilities
    
    
    (196,760
    )
    
    
    (214,088
    )Net deferred tax assets
    
    $
    637,194
    
    
    $
    513,181
 F-18




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
           F-19




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 9. RETIREMENT AND PROFIT SHARING PLANS
 Defined Benefit Pension and Postretirement Benefits
 Employers Accounting for Postretirement Benefits Other Than Pensions
   August 31, 2007
    
    
    
    
    
    August 31, 2007Before
    
    SFAS
    
    AfterSFAS No. 158
    
    No. 158
    
    SFAS No. 158Adjustments
    
    Adjustments
    
    AdjustmentsPrepaid benefit cost
    
    $
    146,330
    
    
    $
    14,544
    
    
    $
    160,874Deferred income taxes
    
    
    20,581
    
    
    
    (12,423
    )
    
    
    8,158Accrued benefit liability
    
    
    391,450
    
    
    
    (23,932
    )
    
    
    367,518Accumulated other comprehensive
(loss) income
    
    
    (34,439
    )
    
    
    26,053
    
    
    
    (8,386
    )
 Assumptions
  Pension BenefitsYear Ended August 31,2007
    
    2006
    
    2005Non-U.S.
    
    
    
    
    
    Non-U.S.
    
    
    
    
    
    Non-U.S.U.S. Plans
    
    Plans
    
    U.S. Plans
    
    Plans
    
    U.S. Plans
    
    PlansDiscount rate
    
    
    6.50%
    
    
    
    4.68%
    
    
    
    5.25%
    
    
    
    4.28%
    
    
    
    6.25%
    
    
    
    4.93%Expected rate of return
on plan assets
    
    
    7.50%
    
    
    
    5.67%
    
    
    
    7.50%
    
    
    
    5.57%
    
    
    
    7.50%
    
    
    
    5.19%Rate of increase in
future compensation
    
    
    4.50%
    
    
    
    3.45%
    
    
    
    4.50%
    
    
    
    3.27%
    
    
    
    4.50%
    
    
    
    3.16%Postretirement BenefitsYear Ended August 31,2007
    
    
    Non-U.S.
    
    
    2006
    
    
    Non-U.S.
    
    
    2005
    
    
    Non-U.S.U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    PlansDiscount rate
    
    
    6.50%
    
    
    
    6.00%
    
    
    
    5.25%
    
    
    
    5.50%
    
    
    
    6.25%
    
    
    
    6.75%Expected rate of return
on plan assets
    
    
    7.50%/3.50%
    
    
    
    N/A
    
    
    
    7.50%/3.50%
    
    
    
    N/A
    
    
    
    7.50%/3.50%
    
    
    
    N/ARate of increase in
future compensation
    
    
    N/A
    
    
    
    2.90%
    
    
    
    N/A
    
    
    
    3.50%
    
    
    
    N/A
    
    
    
    4.50%
 F-20




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Pension Benefits
    
    Postretirement BenefitsYear Ended August 31,
    
    Year Ended August 31,2007
    
    2006
    
    2007
    
    2006U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.Plans

    
    Plans
    
    Plans

    
    Plans
    
    Plans

    
    Plans
    
    Plans

    
    PlansDiscount rate
    
    
    6.25
    %
    
    
    5.08
    %
    
    
    6.50
    %
    
    
    4.68
    %
    
    
    6.25
    %
    
    
    5.70
    %
    
    
    6.50
    %
    
    
    6.00
    %Rate of increase in
future compensation
    
    
    4.50
    %
    
    
    3.84
    %
    
    
    4.50
    %
    
    
    3.45
    %
    
    
    N/A
    
    
    
    2.57
    %
    
    
    N/A
    
    
    
    2.90
    %
  Assumed Health Care Cost Trend
  One Percentage Point
    
    One Percentage PointIncrease
    
    Decrease2007
    
    2006
    
    2007
    
    2006Effect on total of service and interest cost
components
    
    $
    1,332
    
    
    $
    3,119
    
    
    $
    (1,125
    )
    
    $
    (2,415
    )Effect on year-end postretirement benefit obligation
    
    
    12,832
    
    
    
    11,526
    
    
    
    (11,158
    )
    
    
    (9,560
    )
 Pension and Postretirement Benefits Expense
  F-21




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
  Pension BenefitsYear Ended August 31,2007
    
    
    2006
    
    
    2005U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.Components of pension expense
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    PlansService cost
    
    $
    50,825
    
    
    $
    53,720
    
    
    $
    64,410
    
    
    $
    51,496
    
    
    $
    49,518
    
    
    $
    45,054Interest cost
    
    
    53,963
    
    
    
    28,491
    
    
    
    49,923
    
    
    
    20,865
    
    
    
    42,760
    
    
    
    18,037Expected return on plan assets
    
    
    (59,784
    )
    
    
    (26,649
    )
    
    
    (52,318
    )
    
    
    (19,833
    )
    
    
    (42,892
    )
    
    
    (15,305
    )Amortization of loss (gain)
    
    
    1,271
    
    
    
    1,319
    
    
    
    31,140
    
    
    
    1,962
    
    
    
    13,675
    
    
    
    (1,023
    )Amortization of prior service cost
    
    
    724
    
    
    
    684
    
    
    
    1,149
    
    
    
    709
    
    
    
    1,291
    
    
    
    1,579Curtailment (gain) loss recognized
    
    
    (12,608
    )
    
    
    (1,640
    )
    
    
    
    
    
    
    183
    
    
    
    
    
    
    
    243Special termination benefits charge
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,582
    
    
    
    
    
    
    
    1,299Total
    
    $
    34,391
    
    
    $
    55,925
    
    
    $
    94,304
    
    
    $
    56,964
    
    
    $
    64,352
    
    
    $
    49,884
 Postretirement BenefitsYear Ended August 31,2007
    
    
    2006
    
    
    2005U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.Components of postretirement expense
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    PlansService cost
    
    $
    6,665
    
    
    $
    1,231
    
    
    $
    10,102
    
    
    $
    2,061
    
    
    $
    7,091
    
    
    $
    1,646Interest cost
    
    
    6,081
    
    
    
    1,522
    
    
    
    6,150
    
    
    
    1,766
    
    
    
    5,534
    
    
    
    1,776Expected return on plan assets
    
    
    (1,500
    )
    
    
    
    
    
    
    (1,419
    )
    
    
    
    
    
    
    (1,335
    )
    
    
    Amortization of transitional
obligation
    
    
    80
    
    
    
    
    
    
    
    79
    
    
    
    
    
    
    
    79
    
    
    
    Amortization of loss
    
    
    
    
    
    
    95
    
    
    
    2,518
    
    
    
    198
    
    
    
    1,493
    
    
    
    94Amortization of prior service cost
    
    
    (801
    )
    
    
    (753
    )
    
    
    (801
    )
    
    
    (281
    )
    
    
    (801
    )
    
    
    (161
    )Curtailment loss recognized
    
    
    
    
    
    
    (54
    )
    
    
    
    
    
    
    (472
    )
    
    
    
    
    
    
    (222
    )Total
    
    $
    10,525
    
    
    $
    2,041
    
    
    $
    16,629
    
    
    $
    3,272
    
    
    $
    12,061
    
    
    $
    3,133
 F-22




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
 Benefit Obligation, Plan Assets and Funded Status
  Pension Benefits
    
    
    Postretirement BenefitsYear Ended August 31,
    
    
    Year Ended August 31,2007
    
    
    2006
    
    
    2007
    
    
    2006U.S.
    
    
    Non-
    
    
    U.S.
    
    
    Non-
    
    
    U.S.
    
    
    Non-
    
    
    U.S.
    
    
    Non-Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. PlansChanges in benefit obligationBenefit obligation, beginning
of year
    
    $
    840,271
    
    
    $
    616,278
    
    
    $
    957,547
    
    
    $
    511,585
    
    
    $
    94,938
    
    
    $
    25,762
    
    
    $
    118,336
    
    
    $
    31,411Service cost
    
    
    50,825
    
    
    
    53,720
    
    
    
    64,410
    
    
    
    51,496
    
    
    
    6,665
    
    
    
    1,231
    
    
    
    10,102
    
    
    
    2,061Interest cost
    
    
    53,963
    
    
    
    28,491
    
    
    
    49,923
    
    
    
    20,865
    
    
    
    6,081
    
    
    
    1,522
    
    
    
    6,150
    
    
    
    1,766Amendments
    
    
    (37
    )
    
    
    
    
    
    
    
    
    
    
    (11,794
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (5,687
    )Termination benefits
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,582
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Participant contributions
    
    
    
    
    
    
    7,701
    
    
    
    
    
    
    
    6,544
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Acquisitions/divestitures/transfers
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    39,325
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Curtailments
    
    
    (13,373
    )
    
    
    (1,439
    )
    
    
    
    
    
    
    (1,300
    )
    
    
    
    
    
    
    (309
    )
    
    
    
    
    
    
    (2,136
    )Actuarial loss (gain)
    
    
    59,806
    
    
    
    (52,035
    )
    
    
    (215,857
    )
    
    
    (3,317
    )
    
    
    1,128
    
    
    
    1,546
    
    
    
    (37,868
    )
    
    
    (3,478
    )Benefits paid
    
    
    (18,424
    )
    
    
    (17,751
    )
    
    
    (15,752
    )
    
    
    (28,676
    )
    
    
    (1,406
    )
    
    
    (366
    )
    
    
    (1,782
    )
    
    
    (250
    )Exchange rate loss
    
    
    
    
    
    
    32,068
    
    
    
    
    
    
    
    29,968
    
    
    
    
    
    
    
    1,493
    
    
    
    
    
    
    
    2,075Settlements
    
    
    
    
    
    
    (13,697
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Benefit obligation, end of year
    
    $
    973,031
    
    
    $
    653,336
    
    
    $
    840,271
    
    
    $
    616,278
    
    
    $
    107,406
    
    
    $
    30,879
    
    
    $
    94,938
    
    
    $
    25,762Changes in plan assetsFair value of plan assets,
beginning of year
    
    $
    801,644
    
    
    $
    458,491
    
    
    $
    701,343
    
    
    $
    344,088
    
    
    $
    26,577
    
    
    $
    
    
    
    $
    25,643
    
    
    $
    Actual return on plan assets
    
    
    148,071
    
    
    
    34,212
    
    
    
    81,086
    
    
    
    23,998
    
    
    
    2,672
    
    
    
    
    
    
    
    1,839
    
    
    
    Acquisitions/divestitures/transfers
    
    
    
    
    
    
    
    
    
    
    2,733
    
    
    
    28,550
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Employer contributions
    
    
    7,889
    
    
    
    92,291
    
    
    
    32,234
    
    
    
    60,414
    
    
    
    479
    
    
    
    366
    
    
    
    877
    
    
    
    250Participant contributions
    
    
    
    
    
    
    7,701
    
    
    
    
    
    
    
    6,544
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Benefits paid
    
    
    (18,424
    )
    
    
    (17,751
    )
    
    
    (15,752
    )
    
    
    (28,676
    )
    
    
    (1,406
    )
    
    
    (366
    )
    
    
    (1,782
    )
    
    
    (250
    )Exchange rate gain
    
    
    
    
    
    
    25,732
    
    
    
    
    
    
    
    23,573
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Settlements
    
    
    
    
    
    
    (13,697
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Fair value of plan assets, end
of year
    
    $
    939,180
    
    
    $
    586,979
    
    
    $
    801,644
    
    
    $
    458,491
    
    
    $
    28,322
    
    
    $
    
    
    
    $
    26,577
    
    
    $
    Reconciliation of funded statusFunded status
    
    $
    (33,851
    )
    
    $
    (66,357
    )
    
    $
    (38,627
    )
    
    $
    (157,787
    )
    
    $
    (79,084
    )
    
    $
    (30,879
    )
    
    $
    (68,361
    )
    
    $
    (25,762
    )Unrecognized transitional
obligation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    437
    
    
    
    
    
    
    
    519
    
    
    
    Unrecognized loss
    
    
    29,367
    
    
    
    5,185
    
    
    
    59,117
    
    
    
    63,918
    
    
    
    2,090
    
    
    
    2,978
    
    
    
    2,132
    
    
    
    1,683Unrecognized prior service
cost (credit)
    
    
    1,211
    
    
    
    (9,375
    )
    
    
    2,739
    
    
    
    (7,913
    )
    
    
    (6,505
    )
    
    
    (8,865
    )
    
    
    (7,306
    )
    
    
    (9,268
    )Contribution made after
measurement date
    
    
    
    
    
    
    3,462
    
    
    
    
    
    
    
    1,985
    
    
    
    
    
    
    
    64
    
    
    
    
    
    
    
    44Net amount recognized at
year-end
    
    $
    (3,273
    )
    
    $
    (67,085
    )
    
    $
    23,229
    
    
    $
    (99,797
    )
    
    $
    (83,062
    )
    
    $
    (36,702
    )
    
    $
    (73,016
    )
    
    $
    (33,303
    )Amounts recognized in theConsolidated Balance Sheets consist of:Prepaid benefit cost
    
    $
    99,510
    
    
    $
    61,364
    
    
    $
    110,377
    
    
    $
    11,175
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Accrued benefit liability
    
    
    (133,361
    )
    
    
    (124,259
    )
    
    
    (122,350
    )
    
    
    (131,035
    )
    
    
    (79,084
    )
    
    
    (30,815
    )
    
    
    (73,016
    )
    
    
    (33,303
    )Intangible asset
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Accumulated other
comprehensive loss (income),
pre-tax
    
    
    30,578
    
    
    
    (4,190
    )
    
    
    35,202
    
    
    
    20,063
    
    
    
    (3,978
    )
    
    
    (5,887
    )
    
    
    
    
    
    
    Net amount recognized at
year-end
    
    $
    (3,273
    )
    
    $
    (67,085
    )
    
    $
    23,229
    
    
    $
    (99,797
    )
    
    $
    (83,062
    )
    
    $
    (36,702
    )
    
    $
    (73,016
    )
    
    $
    (33,303
    )
 F-23




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
 Accumulated Other Comprehensive Loss (Income)
  Pension Benefits
    
    
    Postretirement BenefitsYear Ended August 31,
    
    
    Year Ended August 31,2007
    
    
    2007U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.Plans
    
    
    Plans
    
    
    Plans
    
    
    PlansNet actuarial loss
    
    $
    29,367
    
    
    $
    5,185
    
    
    $
    2,090
    
    
    $
    2,978Prior service cost (credit)
    
    
    1,211
    
    
    
    (9,375
    )
    
    
    (6,505
    )
    
    
    (8,865
    )Transition obligation
    
    
    
    
    
    
    
    
    
    
    437
    
    
    
    Total
    
    $
    30,578
    
    
    $
    (4,190
    )
    
    $
    (3,978
    )
    
    $
    (5,887
    )
  Pension Benefits
    
    
    Post Retirement BenefitsU.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.Plans
    
    
    Plans
    
    
    Plans
    
    
    PlansActuarial loss (gain)
    
    $
    1,918
    
    
    $
    (1,380
    )
    
    
    
    
    
    
    73Prior service cost (credit)
    
    
    436
    
    
    
    440
    
    
    
    (801
    )
    
    
    (798
    )Transition obligation
    
    
    
    
    
    
    
    
    
    
    80
    
    
    
    Total
    
    $
    2,354
    
    
    $
    (940
    )
    
    $
    (721
    )
    
    $
    (725
    )
 Funded Status for Defined Benefit Plans
    August 31,2007
    
    2006U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.Plans
    
    Plans
    
    Plans
    
    PlansAccumulated benefit obligation
    
    $
    934,825
    
    
    $
    545,494
    
    
    $
    790,288
    
    
    $
    518,723
 F-24




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
  Pension Benefits
    
    Postretirement Benefits2007
    
    2006
    
    2007
    
    2006U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.
    
    U.S.
    
    Non-U.S.Plans
    
    Plans
    
    Plans
    
    Plans
    
    Plans
    
    Plans
    
    Plans
    
    PlansProjected benefit obligation in excess of plan assets:Projected benefit obligation
    
    $
    133,361
    
    
    $
    212,043
    
    
    $
    122,350
    
    
    $
    446,652
    
    
    $
    107,406
    
    
    $
    30,879
    
    $
    94,938
    
    
    $
    25,763Fair value of plan assets
    
    
    
    
    
    
    87,905
    
    
    
    
    
    
    
    271,545
    
    
    
    28,322
    
    
    
    
    
    
    26,577
    
    
    
    Accumulated benefit obligation in excess of plan assets:Accumulated benefit obligation
    
    $
    133,361
    
    
    $
    188,609
    
    
    $
    122,350
    
    
    $
    186,122
    
    
    $
    
    
    
    $
    
    
    $
    
    
    
    $
    Fair value of plan assets
    
    
    
    
    
    
    87,905
    
    
    
    
    
    
    
    75,324
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
 Investment Strategies
 U.S. Pension Plans
   Non-U.S. Pension Plans
  F-25




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
 Plan Assets
  Pension Plans
 Plan Assets as of August 31,2008 Target Allocation
    
    
    2007
    
    
    2006Non-U.S.
    
    
    
    
    
    
    Non-U.S.
    
    
    
    
    
    
    Non-U.S.Asset Category
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    PlansEquity securities
    
    
    80
    %
    
    
    40-50
    %
    
    
    81
    %
    
    
    48
    %
    
    
    79
    %
    
    
    44
    %Debt securities
    
    
    20
    
    
    
    35-45
    
    
    
    18
    
    
    
    38
    
    
    
    21
    
    
    
    39Cash and short-term investments
    
    
    
    
    
    
    0-5
    
    
    
    1
    
    
    
    
    
    
    
    
    
    
    
    2Insurance contracts
    
    
    
    
    
    
    0-5
    
    
    
    
    
    
    
    1
    
    
    
    
    
    
    
    13Other
    
    
    
    
    
    
    10-15
    
    
    
    
    
    
    
    13
    
    
    
    
    
    
    
    2Total
    
    
    100
    %
    
    
    n/m
    
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
 
 n/m = not meaningful U.S. Postretirement Plan(1)
 2008 Target
    
    
    Plan Assets as of August 31,Asset Category
    
    Allocation
    
    
    2007
    
    
    2006Equity securities
    
    
    38
    %
    
    
    39
    %
    
    
    37
    %Debt securities
    
    
    21
    
    
    
    16
    
    
    
    20Cash and short-term investments
    
    
    41
    
    
    
    45
    
    
    
    43Total
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
 
 (1)
    
    The non-U.S. plans are unfunded and thus the table only relates to the U.S. Plans. Expected Contributions
  F-26




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
 Estimated Future Benefit Payments
  Pension Benefits
    
    
    Postretirement BenefitsU.S. Plans
    
    
    Non-U.S. Plans
    
    
    U.S. Plans
    
    
    Non-U.S. Plans2008
    
    $
    19,443
    
    
    $
    15,476
    
    
    $
    3,653
    
    
    $
    4682009
    
    
    22,140
    
    
    
    16,506
    
    
    
    4,290
    
    
    
    5372010
    
    
    24,742
    
    
    
    17,790
    
    
    
    5,096
    
    
    
    6182011
    
    
    27,522
    
    
    
    19,465
    
    
    
    5,902
    
    
    
    7192012
    
    
    30,469
    
    
    
    21,116
    
    
    
    6,478
    
    
    
    8342013-2017
    
    
    203,822
    
    
    
    135,952
    
    
    
    47,291
    
    
    
    6,534
 Defined Contribution Plans
    10. SHARE-BASED COMPENSATION
   F-27




---



##### 



ACCENTURE
SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
  Year EndedAugust 31,2005Net income as reported
    
    $
    1,489,369Add: Share-based compensation expense already included in Net
income as reported, net of tax and minority interest
    
    
    81,710Deduct: Pro forma employee compensation cost related to stock
options, restricted share units and employee share purchase
plan, net of tax and minority interest
    
    
    (233,309
    )Subtotal
    
    
    (151,599
    )Pro forma net income
    
    $
    1,337,770
 Share Incentive Plan
    Year Ended August 31,2007
    
    
    2006
    
    
    2005Total share-based compensation expense included in Net income
    
    $
    306,795
    
    
    $
    270,884
    
    
    $
    88,341Income tax benefit related to share-based compensation included in
Net income
    
    
    102,823
    
    
    
    93,029
    
    
    
    8,274
 F-28




---



##### 



ACCENTURE
SCA
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U. S. dollars, except share and per share amounts or as otherwise disclosed)
 Restricted Share Units
  2007Number of
    
    
    Weighted AverageRestricted Share
    
    
    Grant-Date FairUnits
    
    
    ValueNonvested balance as of August 31, 2006
    
    
    33,409,269
    
    
    $
    23.89Granted
    
    
    11,355,972
    
    
    
    35.15Vested
    
    
    (2,740,433
    )
    
    
    26.55Forfeited
    
    
    (2,007,016
    )
    
    
    25.45Nonvested balance as of August 31, 2007
    
    
    40,017,792
    
    
    $
    26.81
  Stock Options
  Weighted AverageRemainingWeighted Average
    
    
    Contractual Term
    
    
    Aggregate IntrinsicNumber of Options
    
    
    Exercise Price
    
    
    (In Years)
    
    
    ValueOptions outstanding as of August 31, 2006
    
    
    57,582,271
    
    
    $
    18.84
    
    
    
    6.3
    
    
    $
    595,954Granted
    
    
    36,939
    
    
    $
    34.89Exercised
    
    
    (13,673,454
    )
    
    $
    17.76Forfeited
    
    
    (1,073,079
    )
    
    $
    22.37Options outstanding as of August 31, 2007
    
    
    42,872,677
    
    
    $
    19.10
    
    
    
    5.4
    
    
    $
    954,027Options exercisable as of August 31, 2007
    
    
    37,696,081
    
    
    $
    18.45
    
    
    
    5.2
    
    
    $
    863,541Options exercisable as of August 31, 2006
    
    
    44,177,710
    
    
    $
    17.35
    
    
    
    5.8
    
    
    $
    522,702Options exercisable as of August 31, 2005
    
    
    49,098,967
    
    
    $
    15.99
    
    
    
    5.9
    
    
    $
    412,308
  F-29




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Year Ended August 31,2007
    
    
    2006
    
    
    2005Weighted average grant-date fair value of stock  options granted
    
    $
    14.15
    
    
    $
    11.13
    
    
    $
    11.30Total fair value of stock options vested
    
    
    79,730
    
    
    
    102,333
    
    
    
    183,304Total intrinsic value of stock options exercised
    
    
    249,004
    
    
    
    197,111
    
    
    
    89,219
   Year Ended August 31,2007 (1)
    
    2006 (1)
    
    2005Senior
    
    Senior
    
    Senior
    
    OtherExecutives
    
    Executives
    
    Executives
    
    EmployeesExpected life (in years)
    
    
    6.9
    
    
    
    7.4
    
    
    
    6.0
    
    
    
    5.0Risk-free interest rate
    
    
    4.65
    %
    
    
    4.15
    %
    
    
    4.02
    %
    
    
    3.52
    %Expected volatility
    
    
    35
    %
    
    
    37
    %
    
    
    41
    %
    
    
    41
    %Expected dividend yield
    
    
    1
    %
    
    
    1
    %
    
    
    0
    %
    
    
    0
    %
 
 (1)
    
    No stock options were granted to Other Employees during fiscal 2007 or 2006. Share-Based Payment.
 Employee Share Purchase Plan
  11. SHAREHOLDERS EQUITY
 Class I Common Shares
  F-30




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
   Class II and Class III common shares
    12. MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS EQUITY
 Share Purchase And Redemption Activity
  F-31




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Accenture SCA Class I, II and IIICommon Shares and AccentureAccenture Ltd Class A
    
    
    Canada Holdings Inc. ExchangeableCommon Shares
    
    
    Shares
    
    
    TotalShares
    
    
    Amount
    
    
    Shares
    
    
    Amount
    
    
    Shares
    
    
    AmountDiscounted Tender
Offers (1)
    
    
    
    
    
    $
    
    
    
    
    16,538,239
    
    
    $
    485,245
    
    
    
    16,538,239
    
    
    $
    485,245Other Share
Purchase Programs:Accenture SCA
Class I common
shares
    
    
    
    
    
    
    
    
    
    
    36,831,552
    
    
    
    1,351,819
    
    
    
    36,831,552
    
    
    
    1,351,819Accenture Canada
Holdings Inc.
exchangeable
shares
    
    
    
    
    
    
    
    
    
    
    808,735
    
    
    
    30,034
    
    
    
    808,735
    
    
    
    30,034Accenture Ltd
Class A common
shares
    
    
    9,858,011
    
    
    
    309,440
    (2)
    
    
    
    
    
    
    
    
    
    
    9,858,011
    
    
    
    309,440Other purchases (3)
    
    
    1,430,629
    
    
    
    52,776
    
    
    
    
    
    
    
    
    
    
    
    1,430,629
    
    
    
    52,776Inter-company
redemptions of SCA
Class II common
shares and SCA
Class III common
shares (4)
    
    
    
    
    
    
    
    
    
    
    12,333,505
    
    
    
    283,085
    
    
    
    12,333,505
    
    
    
    283,085Total
    
    
    11,288,640
    
    
    $
    362,216
    
    
    
    66,512,031
    
    
    $
    2,150,183
    
    
    
    77,800,671
    
    
    $
    2,512,399
 
 (1)
    
    On September 11, 2006, Accenture SCA and one of its subsidiaries made a tender offer to
Accenture SCA Class I common shareholders that resulted in share redemptions and purchases,
effective October 11, 2006, of 7,538,172 shares at a price of $24.75 per share, resulting in a
cash outlay of approximately $187,195. On March 8, 2007, Accenture SCA and one of its
subsidiaries made a tender offer to Accenture SCA Class I common shareholders that resulted in
share redemptions and purchases, effective April 9, 2007, of 9,000,067 shares at a price of
$33.00 per share, resulting in a cash outlay of approximately $298,050.(2)
    
    On November 13, 2006, Accenture Finance (Gibraltar) Ltd, an indirect subsidiary of Accenture
SCA, purchased 1,979,450 Accenture Ltd Class A common shares at a price of $24.75 per share,
resulting in a cash outlay of approximately $48,991. On May 15, 2007, Accenture Equity Finance
B.V., an indirect subsidiary of Accenture SCA, purchased 7,878,561 Accenture Ltd Class A
common shares at a per share price of $33.00 or its local currency equivalent based on
exchange rates applicable on April 4, 2007, resulting in a cash outlay of approximately
$260,449. Shares in both transactions were purchased from certain former senior executives
residing outside the United States.(3)
    
    During the year ended August 31, 2007, as authorized under the Accentures various employee
equity share plans, the Company acquired Accenture Ltd Class A common shares primarily via
share withholding for payroll tax obligations due from employees and former employees in
connection with the delivery of Accenture Ltd Class A common shares under those plans.(4)
    
    In connection with the dividend paid on November 15, 2006, Accenture SCA redeemed
10,344,732 shares of SCA Class II and III common stock held by Accenture LTD for
a cash outlay of approximately $204,452.  On August 16,
2007, Accenture SCA redeemed 1,988,773 shares of SCA Class III common stock held by Accenture LTD for a cash outlay of approximately
$78,633.  Other Share Redemptions
  Subsequent Event
  F-32




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 Class III Common Shares
 
 August 31, 2007
    
    

August 31, 2006Title of Issuance
    
    Authorized
    
    
    Issued Shares
    
    
    Amount
    
    
    Issued Shares
    
    
    AmountClass III
    
    
    9,782,549,738
    
    
    
    572,609,348
    
    
    $
    646,817
    
    
    
    510,541,809
    
    
    $
    574,648Class III-A
    
    
    5,000,000
    
    
    
    5,000,000
    
    
    
    5,435
    
    
    
    5,000,000
    
    
    
    5,435Class III-B
    
    
    5,000,000
    
    
    
    5,000,000
    
    
    
    5,435
    
    
    
    5,000,000
    
    
    
    5,435Class III-C
    
    
    10,000,000
    
    
    
    10,000,000
    
    
    
    10,870
    
    
    
    10,000,000
    
    
    
    10,870Class III-D
    
    
    10,000,000
    
    
    
    10,000,000
    
    
    
    10,870
    
    
    
    10,000,000
    
    
    
    10,870Class III-E
    
    
    15,000,000
    
    
    
    15,000,000
    
    
    
    16,304
    
    
    
    15,000,000
    
    
    
    16,304Class III-F
    
    
    15,000,000
    
    
    
    15,000,000
    
    
    
    16,304
    
    
    
    15,000,000
    
    
    
    16,304Class III-G
    
    
    20,000,000
    
    
    
    20,000,000
    
    
    
    21,739
    
    
    
    20,000,000
    
    
    
    21,739Class III-H
    
    
    25,000,000
    
    
    
    25,000,000
    
    
    
    27,174
    
    
    
    25,000,000
    
    
    
    27,174Class III-I
    
    
    5,000,000
    
    
    
    5,000,000
    
    
    
    5,435
    
    
    
    5,000,000
    
    
    
    5,435Class III-J
    
    
    5,000,000
    
    
    
    5,000,000
    
    
    
    5,435
    
    
    
    5,000,000
    
    
    
    5,435Class III-K
    
    
    16,050,000
    
    
    
    16,050,000
    
    
    
    18,074
    
    
    
    16,050,000
    
    
    
    18,074Class III-L
    
    
    5,025,720
    
    
    
    5,025,720
    
    
    
    5,540
    
    
    
    5,025,720
    
    
    
    5,540Class III-M
    
    
    68,626,707
    
    
    
    68,626,707
    
    
    
    78,398
    
    
    
    68,626,707
    
    
    
    78,398Class III-N
    
    
    12,747,835
    
    
    
    12,747,835
    
    
    
    18,301
    
    
    
    12,747,835
    
    
    
    18,301Total
    
    
    10,000,000,000
    
    
    
    790,059,610
    
    
    $
    892,131
    
    
    
    727,992,071
    
    
    $
    819,962
 13. LEASE COMMITMENTS
  August 31,2007
    
    2006
    
    2005Rental expense
    
    $
    452,938
    
    
    $
    413,722
    
    
    $
    371,554Sublease income from third parties
    
    
    35,147
    
    
    
    29,249
    
    
    
    23,485
  Operating
    
    
    OperatingLease
    
    
    SubleasePayments
    
    
    Income2008
    
    $
    388,074
    
    
    $
    (34,332
    )2009
    
    
    315,026
    
    
    
    (36,076
    )2010
    
    
    259,062
    
    
    
    (33,530
    )2011
    
    
    206,181
    
    
    
    (32,003
    )2012
    
    
    153,853
    
    
    
    (25,398
    )Thereafter
    
    
    983,460
    
    
    
    (124,956
    )$
    2,305,656
    
    
    $
    (286,295
    )
 F-33




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 14. COMMITMENTS AND CONTINGENCIES
 Guarantees
    Legal Contingencies
  15. SEGMENT REPORTING
 Disclosures about Segments of an Enterprise
and Related Information
  F-34




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Comm. &
    
    
    FinancialYear Ended August 31:
    
    High Tech
    
    
    Services
    
    
    Government (3)
    
    
    Products (3)
    
    
    Resources
    
    
    Other
    
    
    Total2007Revenues before
reimbursements
    
    $
    4,600,460
    
    
    $
    4,357,327
    
    
    $
    2,560,530
    
    
    $
    4,913,220
    
    
    $
    3,242,596
    
    
    $
    21,681
    
    
    $
    19,695,814Depreciation(1)
    
    
    57,294
    
    
    
    62,053
    
    
    
    40,632
    
    
    
    58,361
    
    
    
    42,150
    
    
    
    
    
    
    
    260,490Operating income
    
    
    581,780
    
    
    
    490,433
    
    
    
    272,411
    
    
    
    669,201
    
    
    
    478,794
    
    
    
    
    
    
    
    2,492,619Assets as of August 31(2)
    
    
    774,748
    
    
    
    108,180
    
    
    
    451,596
    
    
    
    456,967
    
    
    
    332,719
    
    
    
    22,428
    
    
    
    2,146,6382006Revenues before
reimbursements
    
    $
    4,177,061
    
    
    $
    3,558,147
    
    
    $
    2,221,121
    
    
    $
    4,010,698
    
    
    $
    2,665,778
    
    
    $
    13,586
    
    
    $
    16,646,391Depreciation(1)
    
    
    58,307
    
    
    
    57,437
    
    
    
    60,421
    
    
    
    47,350
    
    
    
    43,339
    
    
    
    
    
    
    
    266,854Operating income
    
    
    630,502
    
    
    
    387,786
    
    
    
    83,416
    
    
    
    399,853
    
    
    
    339,502
    
    
    
    
    
    
    
    1,841,059Assets as of August 31(2)
    
    
    550,333
    
    
    
    86,733
    
    
    
    528,415
    
    
    
    357,364
    
    
    
    316,399
    
    
    
    21,239
    
    
    
    1,860,4832005Revenues before
reimbursements
    
    $
    4,001,347
    
    
    $
    3,408,166
    
    
    $
    2,171,458
    
    
    $
    3,569,975
    
    
    $
    2,388,845
    
    
    $
    7,238
    
    
    $
    15,547,029Depreciation(1)
    
    
    66,055
    
    
    
    61,121
    
    
    
    56,508
    
    
    
    56,725
    
    
    
    41,664
    
    
    
    
    
    
    
    282,073Operating income
    
    
    673,183
    
    
    
    499,647
    
    
    
    168,736
    
    
    
    413,188
    
    
    
    356,484
    
    
    
    
    
    
    
    2,111,238Assets as of August 31(2)
    
    
    571,292
    
    
    
    81,849
    
    
    
    738,575
    
    
    
    435,515
    
    
    
    315,722
    
    
    
    151,787
    
    
    
    2,294,740
 
 (1)
    
    This amount includes depreciation on property and equipment controlled by each operating
segment, as well as an allocation for depreciation on property and equipment they do not
directly control.(2)
    
    Operating segment assets directly attributed to an operating segment and provided to the
chief operating decision maker include Receivables from clients, current and non-current
Unbilled services, current Deferred revenues and deferred transition
costs and related deferred revenues, which are included in Other
non-current assets and Other non-current liabilities, respectively.(3)
    
    The Company previously entered into certain large, long-term contracts (the NHS Contracts)
to provide systems and services to the National Health Service in England (the NHS). During
the second quarter of fiscal 2006, there were several developments that significantly
increased the risks and uncertainties associated with the NHS Contracts, and the Company
recorded a $450,000 aggregate loss provision that was reflected in Cost of services of its
Government and Products operating groups. On September 28, 2006, the Company entered into an
agreement (the NHS Transfer Agreement) to transfer to a third party all of its rights and
obligations under the NHS Contracts, except those relating to the Picture Archiving
Communication System. The NHS Transfer Agreement resulted in a $339,000 reduction in revenues
before reimbursements in the fourth quarter of fiscal 2006, which was offset by a decrease in
Cost of services, including a reversal of $396,000 of the loss provision recorded in the
second quarter of fiscal 2006. In addition, during the fourth quarter of fiscal 2006, the
Company recorded impairment writedowns on Operational Services assets totaling $57,000. These
fourth-quarter fiscal 2006 adjustments were reflected in the operating results of its
Government and Products operating groups.  F-35




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
  Year Ended August 31:
    
    Americas
    
    
    EMEA(1)
    
    
    Asia Pacific
    
    
    Total2007Revenues before reimbursements
    
    $
    8,482,646
    
    
    $
    9,533,746
    
    
    $
    1,679,422
    
    
    $
    19,695,814Reimbursements
    
    
    869,589
    
    
    
    705,851
    
    
    
    181,493
    
    
    
    1,756,933Revenues
    
    
    9,352,235
    
    
    
    10,239,597
    
    
    
    1,860,915
    
    
    
    21,452,747Long-lived assets as of August 31
    
    
    320,835
    
    
    
    268,355
    
    
    
    218,879
    
    
    
    808,0692006Revenues before reimbursements
    
    $
    7,741,139
    
    
    $
    7,643,712
    
    
    $
    1,261,540
    
    
    $
    16,646,391Reimbursements
    
    
    824,750
    
    
    
    637,152
    
    
    
    120,073
    
    
    
    1,581,975Revenues
    
    
    8,565,889
    
    
    
    8,280,864
    
    
    
    1,381,613
    
    
    
    18,228,366Long-lived assets as of August 31
    
    
    330,185
    
    
    
    247,944
    
    
    
    149,563
    
    
    
    727,6922005Revenues before reimbursements
    
    $
    6,729,626
    
    
    $
    7,734,932
    
    
    $
    1,082,471
    
    
    $
    15,547,029Reimbursements
    
    
    732,493
    
    
    
    708,305
    
    
    
    106,593
    
    
    
    1,547,391Revenues
    
    
    7,462,119
    
    
    
    8,443,237
    
    
    
    1,189,064
    
    
    
    17,094,420Long-lived assets as of August 31
    
    
    267,757
    
    
    
    294,262
    
    
    
    131,691
    
    
    
    693,710
 
 (1)
    
    EMEA includes Europe, Middle East and Africa.  Year Ended August 31,2007
    
    
    2006
    
    
    2005United States
    
    
    36
    %
    
    
    39
    %
    
    
    37
    %United Kingdom
    
    
    14
    
    
    
    13
    
    
    
    17
  August 31,2007
    
    
    2006
    
    
    2005United States
    
    
    34
    %
    
    
    40
    %
    
    
    34
    %United Kingdom
    
    
    11
    
    
    
    13
    
    
    
    20India
    
    
    15
    
    
    
    11
    
    
    
    10
  Year Ended August 31,2007
    
    
    2006
    
    
    2005Consulting
    
    $
    11,856,263
    
    
    $
    9,892,128
    
    
    $
    9,559,157Outsourcing
    
    
    7,839,551
    
    
    
    6,754,263
    
    
    
    5,987,872Revenues before reimbursements
    
    
    19,695,814
    
    
    
    16,646,391
    
    
    
    15,547,029Reimbursements
    
    
    1,756,933
    
    
    
    1,581,975
    
    
    
    1,547,391Revenues
    
    $
    21,452,747
    
    
    $
    18,228,366
    
    
    $
    17,094,420
 F-36




---



##### 



ACCENTURE SCA
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS  (continued)
(In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
 16. QUARTERLY DATA (unaudited)
 First
    
    
    Second
    
    
    Third
    
    
    FourthYear Ended August 31, 2007
    
    Quarter
    
    
    Quarter
    
    
    Quarter
    
    
    Quarter
    
    
    AnnualRevenues before reimbursements
    
    $
    4,754,088
    
    
    $
    4,749,838
    
    
    $
    5,081,804
    
    
    $
    5,110,084
    
    
    $
    19,695,814Reimbursements
    
    
    412,271
    
    
    
    419,515
    
    
    
    461,880
    
    
    
    463,267
    
    
    
    1,756,933Revenues
    
    
    5,166,359
    
    
    
    5,169,353
    
    
    
    5,543,684
    
    
    
    5,573,351
    
    
    
    21,452,747Operating income
    
    
    609,592
    
    
    
    559,392
    
    
    
    681,529
    
    
    
    642,106
    
    
    
    2,492,619Net income
    
    
    398,219
    
    
    
    406,270
    
    
    
    465,383
    
    
    
    419,994
    
    
    
    1,689,866
 First
    
    
    Second
    
    
    Third
    
    
    FourthYear Ended August 31, 2006
    
    Quarter
    
    
    Quarter
    
    
    Quarter
    
    
    Quarter
    
    
    AnnualRevenues before reimbursements
    
    $
    4,169,475
    
    
    $
    4,102,795
    
    
    $
    4,408,069
    
    
    $
    3,966,052
    
    
    $
    16,646,391Reimbursements
    
    
    373,541
    
    
    
    388,317
    
    
    
    397,258
    
    
    
    422,859
    
    
    
    1,581,975Revenues
    
    
    4,543,016
    
    
    
    4,491,112
    
    
    
    4,805,327
    
    
    
    4,388,911
    
    
    
    18,228,366Operating income
    
    
    512,556
    
    
    
    137,312
    
    
    
    690,124
    
    
    
    501,067
    
    
    
    1,841,059Net income
    
    
    323,483
    
    
    
    101,830
    
    
    
    493,742
    
    
    
    494,869
    
    
    
    1,413,924
 F-37