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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, 2006
 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)
   
  
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 DOCUMENTS INCORPORATED BY REFERENCE




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TABLE OF CONTENTS
 PagePart IItem 1.
    
    Business
    
    3Item 1A.
    
    Risk Factors
    
    18Item 1B.
    
    Unresolved Staff Comments
    
    30Item 2.
    
    Properties
    
    30Item 3.
    
    Legal Proceedings
    
    30Item 4.
    
    Submission of Matters to a Vote of Security Holders
    
    30Part IIItem 5.
    
    Market for Registrants Common Equity, Related Shareholder Matters and Issuer Purchases of
Equity Securities
    
    31Item 6.
    
    Selected Financial Data
    
    34Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    35Item 7A.
    
    Quantitative and Qualitative Disclosures about Market Risk
    
    56Item 8.
    
    Financial Statements and Supplementary Data
    
    57Item 9.
    
    Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
    
    57Item 9A.
    
    Controls and Procedures
    
    57Item 9B.
    
    Other Information
    
    57Part IIIItem 10.
    
    Directors and Executive Officers of the Registrant
    
    58Item 11.
    
    Executive Compensation
    
    58Item 12.
    
    Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters
    
    58Item 13.
    
    Certain Relationships and Related Transactions
    
    58Item 14.
    
    Principal Accounting Fees and Services
    
    58Part IVItem 15.
    
    Exhibits, Financial Statement Schedules
    
    58Signatures
    
    
    
    61
 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 
& High Tech
    
    Financial 
Services
    
    Products
    
    Resources
    
    Government  Communications
    
      Banking
    
      Automotive
    
      Chemicals
    
      Government  Electronics & High Tech
    
      Capital Markets
    
      Consumer Goods & Services
    
      Energy  Media & Entertainment
    
      Insurance
    
      Health & Life Sciences
    
      Natural Resources  Industrial Equipment
    
      Utilities  Retail & Consumer  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 2006.
 4




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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.
    
    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.
 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 55% of our
Financial Services operating groups revenues before reimbursements in fiscal 2006.
    
    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 remain competitive.
    
    Insurance.Our Insurance industry group helps property and casualty insurers, life
insurers, reinsurance firms and insurance brokers improve business processes, develop
Internet-based insurance businesses and improve the quality and consistency of risk
selection decisions. Our Insurance industry group has also developed a claims management
capability that enables insurers to provide better customer service while optimizing claims
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. Our
Insurance industry group represented approximately 31% of our Financial Services operating
groups revenues before reimbursements in fiscal 2006.
 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. Our Retail industry
group represented approximately 31% of our Products operating groups revenues before
reimbursements in fiscal 2006.
    
    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 services, including reservations, direct ticket distribution, revenue
protection, decision support, passenger revenue accounting and revenue management on an
outsourced basis.
 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.
    
    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 42% of
our Resources operating groups revenues before reimbursements in fiscal 2006.
 Government
    Growth Platforms
  Business 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. Together with our alliance partners, we bring these skills to our
clients to help them 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.
    
    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 with regard to 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
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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, who often utilize the resources of Accenture Finance Solutions, one of our
Business Process Outsourcing (BPO) businesses, 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 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, performance management, talent management,
HR 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 utilize a combination of strategy and operations
experience to help senior executives translate 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,
shareholder value analysis and strategic IT effectiveness, 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
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
  
    
    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).
    
    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.
    
    Enterprise Architecture. We provide solutions that integrate information technology
(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 in the delivery roadmap that defines how IT systems need to change to drive future
business growth and higher performance.
    
    Enterprise Solutions.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.
    
    Integration.We use a variety of technology architectures and platformsincluding
service-oriented architectures (see below), among othersand Web services standards to
connect and streamline business processes, systems and information to reduce costs and
improve business and IT performance.
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
    
    Infrastructure Consulting Services.We provide solutions to help organizations optimize
their IT infrastructures while reducing costs. From data center, operations engineering and
network infrastructure to desktop and security solutions, our services enable clients to
rationalize, standardize, secure and transform their IT infrastructures for improved
performance of mission-critical business processes, applications and end users.
    
    IT Strategy & Transformation.We help CEOs and CIOs with critical IT challenges, such as
advising on IT investments based on bottom-line return, and help them understand how
technologies can enable their business solutions and turn technology innovation into
business results for competitive advantage.
    
    Microsoft Solutions.Together with our alliance partner Microsoft and our Avanade
subsidiary, we develop and deliver cost-efficient, innovative business solutions based on
Microsoft Windows Server 2003 and other .NET technologies, leveraging our deep industry
expertise and practical applications of leading-edge technologies.
    
    Mobile Solutions.We help clients develop solutions that give their workforces access to
key enterprise applicationsincluding supply chain management, telematics, field force
enablement, customer relationship management and customer database applicationsthrough
mobile devices and/or the Internet.
    
    Service-Oriented Architecture. We help CIOs and business leaders unleash the potential
of 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 business process components to be assembled and
used more
efficiently to deliver distinctive business services and capabilities for higher
performance.
    
    Research & Development.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 focus include information insight and sensor technologies.
 Outsourcing
  
    
    Business Process Outsourcing.We work with clients to develop and deliver business
process innovations that transform their businesses and deliver higher performance levels at
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. Through several acquisitions in fiscal 2006, we enhanced our finance and accounting outsourcing
capabilities in the areas of profit recovery and analytics and also expanded
the range of back-office BPO capabilities to include those designed specifically for the middle
market. 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 with facilities and field services, as well as specialized customer care, finance
and accounting, human resources, supply chain and information technology services. In
addition, through our Navitaire subsidiary, we offer airlines a range of services, including
reservations, direct ticket distribution, revenue protection, decision support, passenger
revenue accounting and revenue management.
    
    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, PeopleSoft, Oracle
and Siebel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 (SAP, Oracle, PeopleSoft, etc.) and application
outsourcing 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 information technology (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.
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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 center 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 front-line 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
    
    Workplace servicesLifecycle management for desktops, field services
and mobile devices, and file and print services.
 Global Delivery Model
     Alliances
   Research and Innovation
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Employees
   Competition
  
    
    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;
    
    Off-shore service providers in lower-cost locations, particularly Indian providers, which offer a subset of the services we offer;
    
    Niche solution or service providers which 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;
    
    perceived ability to add value;
    
    reputation and client references;
    
    price;
    
    scope of services;
    
    service delivery approach;
    
    technical and industry expertise;
    
    quality of services and solutions;
    
    ability to deliver results on a timely basis;
    
    availability of appropriate resources; and
    
    global reach and scale.
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Intellectual Property
   Organizational Structure
    12




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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
   13




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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.
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
    
    except as described below, maintain beneficial ownership of his or her covered shares
received on or prior to July 24, 2001 for a period of eight years thereafter;
    
    maintain beneficial ownership of at least 25% of his or her covered shares received on or
prior to July 24, 2001 as long as he or she is an employee of Accenture; and
    
    comply with certain additional transfer restrictions imposed by or with the consent of
Accenture from time to time, including in connection with offerings of securities by
Accenture Ltd.
  
    
    Covered persons who continue to be employees of Accenture are permitted to transfer a
percentage of the covered shares received by them on or prior to July 24, 2001 and owned by
them as follows:
 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
 
    
    Covered persons retiring from Accenture at the age of 50 or above 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.
   15




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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.
 
    
    except as described below, maintain beneficial ownership of his or her covered shares
received on or prior to July 24, 2001 for a period of eight years thereafter;
    
    maintain beneficial ownership of at least 25% of his or her covered shares received on or
prior to July 24, 2001 as long as he or she is an employee of Accenture; and
    
    comply with certain other transfer restrictions when requested to do so by Accenture. See
Other Restrictions.
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
    
    Covered persons who continue to be employees of Accenture are permitted to transfer a
percentage of the covered shares received by them on or prior to July 24, 2001 and owned by
them commencing on July 24, 2002 as follows:
 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.
  Term and Amendment.
 Other Restrictions.
 Administration and Resolution of Disputes.
 Expiration of the Share Management Plan
  Accenture Senior Executive Trading Policy
  17




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ITEM 1A. RISK FACTORS
  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.
  
    
    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;
    
    Off-shore service providers in lower-cost locations, particularly Indian providers, which offer a
subset of the services we offer;
    
    Niche solution or service providers which 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.
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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.
  Our work with government clients exposes us to additional risks inherent in the government
contracting process.
  
    
    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 changes in scope or in
termination of our projects.
    
    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.
    
    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, 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.
 19




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##### 



Our business could be adversely affected if our clients are not satisfied with our services.
  Our business could be negatively affected if we incur legal liability in connection with
providing our solutions and services.
  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.
  20




---



##### 



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 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 accurately estimate, attain and sustain contract revenues, margins and
cash flows over increasingly longer contract periods;
    
    bid 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.
 21




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##### 



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.
 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.
  22




---



##### 



Our
global operations are subject to complex risks, some of which might be beyond our control.
  Our operating results may be adversely affected by fluctuations in foreign currency exchange
rates.
 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.
 23




---



##### 



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.
  24




---



##### 



If we are unable to collect our receivables or amounts extended to our clients as financing, our
results of operations could be adversely affected.
  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.
   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.
  25




---



##### 



We have only a limited ability to protect our intellectual property rights, which are important
to our success.
   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 might acquire other businesses or technologies, and there is a risk that we might not
successfully integrate them with our business or might otherwise fail to achieve our strategic
objectives.
  Risks That Relate to Ownership of Our 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.
  26




---



##### 



A large number of shares will become freely tradable on 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 on an annual basis through July
24, 2009. See BusinessOrganizational StructureRestrictions on
Transfer of Certain Accenture Shares. As of October 12, 2006, the following
number of additional shares still held by our current and former
senior executives and their
permitted transferees are scheduled to have transfer restrictions
lapse on the dates set forth below:
 Number of additional
    
    Number of additional AccentureAccenture Ltd
    
    SCA Class I common shares andClass A common shares that
    
    Accenture Canada Holdings Inc.are scheduled to become
    
    exchangeable shares that willavailable for transfer on
    
    become available for transferAnniversary Date
    
    anniversary date
    
    on anniversary dateJuly 24, 2007
    
    10,597,041
    
    28,825,937July 24, 2008
    
    10,812,783
    
    32,533,067July 24, 2009
    
    35,959,138
    
    74,327,885Later of
July 24, 2009 or end of
employment with Accenture
    
    23,370,544
    
    63,307,438
   Our Senior Executive Trading Policy might not be effective at limiting the number of shares sold
 
    
    In July 2005, we implemented a Senior Executive Trading Policy. It provides, among other
things, that all shares covered by the transfer restrictions
contained in Accentures various
charter documents and still held by actively employed senior executives but which are no
longer restricted by the transfer restrictions described above will be subject to
company-imposed quarterly trading guidelines. These guidelines currently limit the total
number of shares redeemed, sold or otherwise transferred in any calendar quarter to no more
than a composite average weekly volume of trading in Accenture Ltd
Class A common shares. The policy guidelines are not legal or
contractual 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 Accenture 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.


27



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##### 





The sale of shares issued under Accentures 2001 Share Incentive Plan could have an adverse effect
on our share price



    
    As of October 12, 2006, a total of 48,323,627 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 Shares2006
    
    304,4392007
    
    8,222,4422008
    
    6,626,6152009
    
    12,508,8262010 and after
    
    20,661,305
  
    
    In addition, as of October 12, 2006, a total of
55,037,422 Accenture Ltd Class A common shares
were issuable pursuant to options, of which options to purchase an
aggregate of 44,198,638 Class A
common shares were exercisable and options to purchase an aggregate
of 10,838,784 Class A common
shares are scheduled to become exercisable during the calendar years indicated below:
 Calendar Year
    
    Number of Shares2006
    
    73,8942007
    
    8,088,889After 2007
    
    2,676,001
 Upon delivery of restricted stock, or exercise of employee stock options, under the 2001 Stock
Incentive Plan, our employees or former employees may choose to sell a significant number of
our shares in open market transactions. There is a risk that this could put additional
downward pressure on the price of our 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 our 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;
    
    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;
 28




---



##### 




    
    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.
  Our
share price 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.
  Luxembourg law differs from the laws in effect in the United States and might afford less
protection to shareholders.
  29




---



##### 



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;
    
    develop new services and solutions; or
    
    respond to competitive pressures.
  ITEM 1B. UNRESOLVED STAFF COMMENTS
  ITEM 2. PROPERTIES
  ITEM 3. LEGAL PROCEEDINGS
    ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  30




---



##### 



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 2005First Quarter
    
    $
    27.58
    
    
    $
    22.61Second Quarter
    
    $
    27.60
    
    
    $
    24.39Third Quarter
    
    $
    25.97
    
    
    $
    21.00Fourth Quarter
    
    $
    25.70
    
    
    $
    22.20Fiscal 2006First Quarter
    
    $
    28.63
    
    
    $
    24.45Second Quarter
    
    $
    33.05
    
    
    $
    28.02Third Quarter
    
    $
    32.94
    
    
    $
    26.17Fourth Quarter
    
    $
    29.66
    
    
    $
    25.68Fiscal 2007First
Quarter (through October 12, 2006)
    
    $
    33.15
    
    
    $
    28.28
   31




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##### 



Dividend Policy
     Recent Sales of Unregistered Securities
  Securities Authorized for Issuance under Equity Compensation Plans
  Number of SharesWeighted
    
    
    RemainingAverage Exercise
    
    
    Available for FutureNumber of Shares to be
    
    
    Price of
    
    
    IssuanceIssued Upon Exercise of
    
    
    Outstanding
    
    
    (Excluding SecuritiesOutstanding Options,
    
    
    Options, Warrants
    
    
    Reflected in 1stPlan Category
    
    Warrants and Rights
    
    
    and Rights
    
    
    Column)Equity compensation plans
approved by shareholders:2001 Share Incentive Plan
    
    
    104,249,367
    (1)
    
    $
    10.40
    
    
    
    165,164,6812001 Employee Share
Purchase Plan
    
    
    
    
    
    
    N/A
    
    
    
    32,371,514Equity compensation plans
not approved by
shareholders
    
    
    
    
    
    
    N/A
    
    
    
    Total
    
    
    104,249,367
    
    
    
    
    
    
    
    197,536,195
 
 (1)
    
    Consists of 57,582,271 stock options with a weighted average exercise price of $18.84 per
share and 46,667,096 restricted share units. 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, 2006June 30, 2006Class I common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    July 1, 2006July 31, 2006Class I common shares
    
    
    6,250,637
    
    
    $
    28.28
    
    
    
    
    
    
    
    August 1, 2006August 31, 2006Class I common shares
    
    
    2,352,530
    
    
    $
    28.39
    
    
    
    
    
    
    
    TotalClass I common shares(2)
    
    
    8,603,167
    
    
    $
    28.31
    
    
    
    
    
    
    
    Accenture Canada Holdings Inc.June 1, 2006June 30, 2006Exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    July 1, 2006July 31, 2006Exchangeable shares
    
    
    44,970
    
    
    $
    28.05
    
    
    
    
    
    
    
    August 1, 2006August 31, 2006Exchangeable shares
    
    
    36,037
    
    
    $
    28.54
    
    
    
    
    
    
    
    TotalExchangeable shares(2)
    
    
    81,007
    
    
    $
    28.27
    
    
    
    
    
    
    
    
 
 (1)
    
    To date, the Board of Directors of Accenture has authorized an aggregate of $4.2 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 32




---



##### 



prior Share Management
Plan. At August 31, 2006, an aggregate of $942 million remained available for these purchases
and redemptions.(2)
    
    During the fourth quarter of fiscal 2006, we redeemed and purchased a total of 8,603,167
Accenture SCA Class I common shares and 81,007 Accenture Canada Holdings Inc. exchangeable
shares from current and former senior executives and their permitted transferees. Purchases and redemptions of Accenture SCA Class II and Class III common shares
  Purchases of Accenture Ltd Class A and Class X common 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
    
    
    per Share
    
    
    Programs(1)
    
    
    or Programs(in
millions)June 1, 2006June 30, 2006Class A common shares
    
    
    6,842
    
    
    $
    27.43
    
    
    
    
    
    
    $
    978Class X common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    July 1, 2006July 31, 2006Class A common shares
    
    
    487,582
    
    
    $
    28.46
    
    
    
    
    
    
    $
    978Class X common shares
    
    
    14,848,926
    
    
    $
    0.0000225
    
    
    
    
    
    
    
    August 1, 2006August 31, 2006Class A common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    978Class X common shares
    
    
    1,990,955
    
    
    $
    0.0000225
    
    
    
    
    
    
    
    TotalClass A common shares(1)(2)
    
    
    494,424
    
    
    $
    28.45
    
    
    
    Class X common shares(3)
    
    
    16,839,881
    
    
    $
    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 2006, Accenture did not purchase any Accenture Ltd
Class A common shares under this program. To date, the Board of Directors of Accenture has
authorized an aggregate of $2.4 billion for use in these open-market share purchases. At
August 31, 2006, an aggregate of $978 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 2006, Accenture purchased 494,424 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 the Companys various employee
equity share plans.(3)
    
    During the fourth quarter of fiscal 2006, Accenture redeemed 16,839,881 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. 33




---



##### 



ITEM 6.
    
    SELECTED FINANCIAL DATA
  Year Ended August 31,2006(1)(2)(3)
    
    
    2005(3)
    
    
    2004(3)
    
    
    2003(3)
    
    
    2002(3)(in millions, except share and per share amounts)Income Statement Data:Revenues:Revenues before reimbursements
    
    $
    16,646
    
    
    $
    15,547
    
    
    $
    13,673
    
    
    $
    11,818
    
    
    $
    11,574Reimbursements
    
    
    1,582
    
    
    
    1,547
    
    
    
    1,440
    
    
    
    1,579
    
    
    
    1,531Revenues
    
    
    18,228
    
    
    
    17,094
    
    
    
    15,113
    
    
    
    13,397
    
    
    
    13,105Operating expenses:Cost of services:Cost of services before reimbursable expenses
    
    
    11,652
    
    
    
    10,455
    
    
    
    9,057
    
    
    
    7,508
    
    
    
    6,897Reimbursable expenses
    
    
    1,582
    
    
    
    1,547
    
    
    
    1,440
    
    
    
    1,579
    
    
    
    1,531Cost of services
    
    
    13,234
    
    
    
    12,002
    
    
    
    10,497
    
    
    
    9,087
    
    
    
    8,428Sales and marketing
    
    
    1,708
    
    
    
    1,558
    
    
    
    1,488
    
    
    
    1,459
    
    
    
    1,566General and administrative costs
    
    
    1,493
    
    
    
    1,512
    
    
    
    1,340
    
    
    
    1,319
    
    
    
    1,616Reorganization and restructuring (benefits) costs
    
    
    (48
    )
    
    
    (89
    )
    
    
    29
    
    
    
    (19
    )
    
    
    111Total operating expenses
    
    
    16,387
    
    
    
    14,983
    
    
    
    13,355
    
    
    
    11,846
    
    
    
    11,720Operating income
    
    
    1,841
    
    
    
    2,111
    
    
    
    1,759
    
    
    
    1,551
    
    
    
    1,385Gain (loss) on investments, net
    
    
    2
    
    
    
    21
    
    
    
    3
    
    
    
    10
    
    
    
    (321
    )Interest income
    
    
    130
    
    
    
    108
    
    
    
    60
    
    
    
    41
    
    
    
    46Interest expense
    
    
    (21
    )
    
    
    (24
    )
    
    
    (22
    )
    
    
    (21
    )
    
    
    (49
    )Other (expense) income
    
    
    (28
    )
    
    
    (11
    )
    
    
    
    
    
    
    32
    
    
    
    15Equity in losses of affiliates
    
    
    
    
    
    
    
    
    
    
    (2
    )
    
    
    
    
    
    
    (9
    )Income before income taxes
    
    
    1,924
    
    
    
    2,206
    
    
    
    1,799
    
    
    
    1,613
    
    
    
    1,068Provision for income taxes
    
    
    491
    
    
    
    697
    
    
    
    576
    
    
    
    566
    
    
    
    491Income before minority interest
    
    
    1,433
    
    
    
    1,509
    
    
    
    1,223
    
    
    
    1,047
    
    
    
    576Minority interest
    
    
    (19
    )
    
    
    (20
    )
    
    
    (10
    )
    
    
    (7
    )
    
    
    3Net income
    
    $
    1,414
    
    
    $
    1,489
    
    
    $
    1,213
    
    
    $
    1,040
    
    
    $
    579Dividends per common share
    
    $
    0.30
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
 
 (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 Statement of Financial Accounting Standards No. 123R, Share-Based
Payment.For additional information, refer to Footnote 10 (Share-Based Compensation) to our
Consolidated Financial Statements under Financial Statements and Supplementary Data.(3)
    
    May not total due to rounding. 
 As of August 31,2006
    
    2005
    
    2004
    
    2003
    
    2002(in millions)Balance Sheet Data:Cash and cash equivalents
    
    $
    3,067
    
    
    $
    2,484
    
    
    $
    2,553
    
    
    $
    2,332
    
    
    $
    1,317Working capital
    
    
    1,537
    
    
    
    1,754
    
    
    
    1,745
    
    
    
    1,729
    
    
    
    723Total assets
    
    
    9,418
    
    
    
    8,957
    
    
    
    8,013
    
    
    
    6,459
    
    
    
    5,479Long-term debt, net of current portion
    
    
    27
    
    
    
    44
    
    
    
    32
    
    
    
    14
    
    
    
    3Shareholders equity
    
    
    2,689
    
    
    
    2,616
    
    
    
    2,375
    
    
    
    1,721
    
    
    
    963
 34




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##### 



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
alongwith its subsidiary companies. Accenture Ltd, along with its subsidiary companies,
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 2006
or fiscal year 2006 means the 12-month period that ended on August 31, 2006. All references to
quarters, unless otherwise noted, refer to the quarters of our fiscal year.
 Overview
       35




---



##### 



Share-Based Payment
    36




---



##### 



The NHS Contracts
  Design, Development and Deployment of the Systems
 Accounting for Performance of Construction-Type and
Certain Production-Type Contracts.
   37




---



##### 



Operational Services
  Impact on Liquidity
  Bookings and Backlog
    Critical Accounting Policies and Estimates
  38




---



##### 



Revenue Recognition
  Accounting for Performance of Construction Type and Certain
Production-Type Contracts
 Revenue Recognition in Financial
Statements Revenue Recognition
   39




---



##### 



Accounting for Revenue Arrangements with Multiple Deliverables,
    Income Taxes
     40




---



##### 



Defined Benefit Pension Plans
 Employers Accounting for Pensions,
  Pension Benefits2007
    
    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 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
    %
 Discount Rate
   41




---



##### 



Expected Return on Plan Assets
    General
     Revenues by Segment/Operating Group
  42




---



##### 



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(1)
    
    
    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(1)
    
    EMEA includes Europe, the Middle East and Africa.  August 31,2006
    
    2005
    
    2004United States
    
    
    39
    %
    
    
    37
    %
    
    
    39
    %United Kingdom
    
    
    13
    
    
    
    17
    
    
    
    16
 Year Ended August 31, 2006 Compared to Year Ended August 31, 2005
 Revenues
   43




---



##### 



Operating Expenses
  Cost of Services
  44




---



##### 



Sales and Marketing
  General and Administrative Costs
  Reorganization Benefits
  Operating Income
  45




---



##### 



Year Ended August 31,Effect ofReorganization
    
    
    Net 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 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 our 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 our 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 our
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 our 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.
 Gain on Investments, Net
  Interest Income
  Other Expense
  Provision for Income Taxes
  46




---



##### 



Year Ended August 31, 2005 Compared to Year Ended August 31, 2004
  Percent of TotalRevenuesBeforeReimbursementsPercent
    
    
    for theYear Ended
    
    
    Percent
    
    
    Increase
    
    
    Year EndedAugust 31,
    
    
    Increase
    
    
    Local
    
    
    August 31,2005
    
    
    2004
    
    
    US$
    
    
    Currency
    
    
    2005
    
    
    2004(in millions)OPERATING GROUPSCommunications & High Tech
    
    $
    4,001
    
    
    $
    3,741
    
    
    
    7
    %
    
    
    4
    %
    
    
    26
    %
    
    
    27
    %Financial Services
    
    
    3,408
    
    
    
    2,771
    
    
    
    23
    
    
    
    18
    
    
    
    22
    
    
    
    20Government
    
    
    2,172
    
    
    
    1,995
    
    
    
    9
    
    
    
    6
    
    
    
    14
    
    
    
    15Products
    
    
    3,570
    
    
    
    2,979
    
    
    
    20
    
    
    
    16
    
    
    
    23
    
    
    
    22Resources
    
    
    2,389
    
    
    
    2,178
    
    
    
    10
    
    
    
    5
    
    
    
    15
    
    
    
    16Other
    
    
    7
    
    
    
    9
    
    
    
    n/m
    
    
    
    n/m
    
    
    
    
    
    
    
    TOTAL Revenues Before Reimbursements
    
    
    15,547
    
    
    
    13,673
    
    
    
    14
    %
    
    
    10
    %
    
    
    100
    %
    
    
    100
    %Reimbursements
    
    
    1,547
    
    
    
    1,440
    
    
    
    7TOTAL REVENUES
    
    $
    17,094
    
    
    $
    15,113
    
    
    
    13
    %GEOGRAPHYAmericas
    
    $
    6,730
    
    
    $
    6,133
    
    
    
    10
    %
    
    
    9
    %
    
    
    43
    %
    
    
    45
    %EMEA(1)
    
    
    7,735
    
    
    
    6,572
    
    
    
    18
    
    
    
    11
    
    
    
    50
    
    
    
    48Asia Pacific
    
    
    1,082
    
    
    
    968
    
    
    
    12
    
    
    
    8
    
    
    
    7
    
    
    
    7TOTAL Revenues Before Reimbursements
    
    $
    15,547
    
    
    $
    13,673
    
    
    
    14
    %
    
    
    10
    %
    
    
    100
    %
    
    
    100
    %TYPE OF WORKConsulting
    
    $
    9,559
    
    
    $
    8,589
    
    
    
    11
    %
    
    
    7
    %
    
    
    61
    %
    
    
    63
    %Outsourcing
    
    
    5,988
    
    
    
    5,084
    
    
    
    18
    
    
    
    14
    
    
    
    39
    
    
    
    37TOTAL Revenues Before Reimbursements
    
    $
    15,547
    
    
    $
    13,673
    
    
    
    14
    %
    
    
    10
    %
    
    
    100
    %
    
    
    100
    %
 
 n/m = not meaningful(1)
    
    EMEA includes Europe, the Middle East and Africa. Revenues
   47




---



##### 



Operating Expenses
   Cost of Services
   48




---



##### 



Sales and Marketing
  General and Administrative Costs
  Reorganization
and Restructuring (Benefits) Costs
   Operating Income
  49




---



##### 



Year Ended August 31,Effect ofReorganizationBenefits andIncrease
    
    
    Restructuring
    
    
    Net Increase2005
    
    
    2004
    
    
    (Decrease)
    
    
    Costs(1)
    
    
    (Decrease)(in millions)Communications & High Tech
    
    $
    673
    
    
    $
    404
    
    
    $
    269
    
    
    $
    28
    
    
    $
    241Financial Services
    
    
    500
    
    
    
    354
    
    
    
    146
    
    
    
    27
    
    
    
    119Government
    
    
    169
    
    
    
    311
    
    
    
    (142
    )
    
    
    18
    
    
    
    (160
    )Products
    
    
    413
    
    
    
    415
    
    
    
    (2
    )
    
    
    27
    
    
    
    (29
    )Resources
    
    
    356
    
    
    
    275
    
    
    
    81
    
    
    
    18
    
    
    
    63Total
    
    $
    2,111
    
    
    $
    1,759
    
    
    $
    352
    
    
    $
    118
    
    
    $
    234
 
 (1)
    
    Reorganization benefits and restructuring costs recorded during the period were allocated to
the reportable operating groups as follows: Year Ended August 31,2005
    
    
    2004
    
    
    Change(in millions)Communications & High Tech
    
    $
    21
    
    
    $
    (7
    )
    
    $
    28Financial Services
    
    
    20
    
    
    
    (7
    )
    
    
    27Government
    
    
    14
    
    
    
    (4
    )
    
    
    18Products
    
    
    21
    
    
    
    (6
    )
    
    
    27Resources
    
    
    13
    
    
    
    (5
    )
    
    
    18Total
    
    $
    89
    
    
    $
    (29
    )
    
    $
    118
  
    
    Communications & High Tech operating income increased primarily due to higher gross
margins in fiscal 2005, reflecting strong consulting revenue growth in North America and
EMEA, as well as the impact of lower-than-expected margins on three contracts in fiscal
2004.
    
    The increase in Financial Services operating income reflected a 23% increase in revenues
before reimbursements and improved margins.
    
    Government operating income decreased partly due to lower-than-expected margins
attributable to temporary delays under the NHS Contracts, cost overruns associated with the
development of reusable assets in connection with certain client contracts, delivery
inefficiencies on a small number of other contracts and a favorable contract settlement in
fiscal 2004.
    
    Products operating income decreased slightly, due to lower-than-expected margins
attributable to temporary delays under the NHS Contracts and delivery inefficiencies on a
small number of other contracts, partially offset by a 20% increase in revenues.
    
    The increase in Resources operating income was driven by increased revenues, reduced
delivery costs and improved quality.
 Gain on Investments, Net
  50




---



##### 



Interest Income
  Other (Expense) Income
  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.
   Year Ended August 31,2006 to 20052006
    
    
    2005
    
    
    2004
    
    
    Change(in millions)Net cash provided by (used in):Operating activities
    
    $
    2,668
    
    
    $
    1,887
    
    
    $
    1,756
    
    
    $
    781Investing activities
    
    
    (253
    )
    
    
    (575
    )
    
    
    (897
    )
    
    
    322Financing activities
    
    
    (1,934
    )
    
    
    (1,377
    )
    
    
    (688
    )
    
    
    (557
    )Effect of exchange rate changes on cash and cash equivalents
    
    
    102
    
    
    
    (4
    )
    
    
    49
    
    
    
    106Net increase (decrease) in cash and cash equivalents
    
    $
    583
    
    
    $
    (69
    )
    
    $
    220
    
    
    $
    652
 51




---



##### 



Operating activities:
 Investing activities:
 Financing activities:
  52




---



##### 



Borrowing Facilities
  FacilityAmount(in millions)Syndicated loan facility(1)
    
    $
    1,200Separate bilateral, uncommitted, unsecured multicurrency revolving credit facilities(2)
    
    
    350Local guaranteed and non-guaranteed lines of credit(3)
    
    
    136Total
    
    $
    1,686
 
 (1)
    
    On July 31, 2006, we replaced our $1.5 billion syndicated loan facility maturing on June 18,
2009 with a $1.2 billion syndicated loan facility maturing on July 31, 2011. This new 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 the Companys 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,
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. Effective August 31, 2006, we amended two of the
bilateral credit facilities, which increased total capacity by $100 million to $350 million.
As of August 31, 2006 and 2005, we had $2 million and
$4 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. At August 31, 2006, we had no borrowings under these
various facilities.  Client Financing
  August 31,2006
    
    
    2005(in millions,except number ofclients)Number of clients
    
    
    25
    
    
    
    29Client financing included in Current unbilled services
    
    $
    158
    
    
    $
    262Client financing included in Non-current unbilled services
    
    
    105
    
    
    
    472Total client financing, current and non-current
    
    $
    263
    
    
    $
    734
  Share Purchases and Redemptions
  53




---



##### 



Senior Executive Trading Policy and Practices
    Other SharePurchase ProgramsShares
    
    
    Amount(in millions)Available authorization as of August 31, 2004
    
    
    
    
    
    $
    224Purchases and redemptions(1)
    
    
    45,147,483
    
    
    
    (1,103
    )Additional authorizations(2)
    
    
    
    
    
    
    2,000Available authorization as of August 31, 2005
    
    
    
    
    
    
    1,121Purchases and redemptions(3)
    
    
    43,301,787
    
    
    
    (1,179
    )Additional authorizations(4)
    
    
    
    
    
    
    1,000Available authorization as of August 31, 2006
    
    
    
    
    
    $
    942
 
 (1)
    
    Includes the following purchase activity during fiscal 2005: 
    
    44,105,764 Accenture SCA Class I common shares redeemed or purchased for a total cash
outlay of $1,078 million and 643,325 Accenture Canada Holdings Inc. exchangeable shares purchased
for a total cash outlay of $16 million; and
    
    398,394 shares purchased through the RSU Sell-Back Program for a total cash outlay of
$10 million.
 (2)
    
    On October 15, 2004, an additional $2 billion was authorized for redemptions and purchases under
the Companys and Accentures other share purchase programs.(3)
    
    Includes the following purchase activity during fiscal 2006:
 
    
    31,416,894 Accenture SCA Class I common shares redeemed or purchased for a total cash
outlay of $918 million and 421,194 Accenture Canada Holdings Inc. exchangeable shares purchased for
a total cash outlay of $12 million;
    
    11,231,941 Accenture Ltd Class A common shares purchased
by a subsidiary of Accenture for an aggregate purchase price of $243 million; and
    
    231,758 shares purchased through the RSU Sell-Back Program
whereby Accenture offers to
purchase Accenture Ltd Class A common shares awarded to employees pursuant to restricted
share units issued in connection with Accentures initial public
offering for a total cash
outlay of $7 million. The RSU Sell-Back Program was terminated, effective March 1, 2006. All
remaining funding authorizations for the RSU Sell-Back Program were reallocated and made
available for use in the Companys other share purchase programs.
 (4)
    
    On March 24, 2006, an additional $1 billion was authorized for redemptions and purchases under
the Companys and Accentures other share purchase programs.
 54




---



##### 



Other Redemptions and Purchases
   Subsequent Developments
   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
    
    $
    50
    
    
    $
    23
    
    
    $
    26
    
    
    $
    1
    
    
    $
    Operating leases
    
    
    2,213
    
    
    
    338
    
    
    
    517
    
    
    
    371
    
    
    
    987Retirement obligations(1)
    
    
    214
    
    
    
    44
    
    
    
    73
    
    
    
    44
    
    
    
    53Other commitments(2)
    
    
    534
    
    
    
    363
    
    
    
    119
    
    
    
    39
    
    
    
    13Total
    
    $
    3,011
    
    
    $
    768
    
    
    $
    735
    
    
    $
    455
    
    
    $
    1,053
 
 (1)
    
    This represents projected payments under our Basic Retirement Benefit and Early Retirement
Plans. 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
   55




---



##### 



Newly Issued Accounting Standards
 Accounting for Uncertainty in Income Taxes-an interpretation of FASB
Statement No. 109
 Employers Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 106, and 132(R)
 ITEM 7A.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
  Foreign Currency Risk
   Interest Rate Risk
  Equity Price Risk
  56




---



##### 



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
        (c) Changes in Internal Control over Financial Reporting
  ITEM 9B.
    
    OTHER INFORMATION
  57




---



##### 



PART III
 ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
   Accenture SCA Supervisory Board
  ITEM 11. EXECUTIVE COMPENSATION
  ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND                   RELATED SHAREHOLDER
MATTERS
  ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
  ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
  PART IV
 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
  1.
    
    Financial Statements as of August 31, 2006 and August 31, 2005 and for the three years ended
August 31, 2006Included in Part II of this Form 10-K:
      58




---



##### 



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 Partner Matters Agreement, dated as of April 18, 2001, among Accenture Ltd and the partners party
thereto (incorporated by reference to Exhibit 10.1 to the April 19, 2001 Form S-1).10.2
    
    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 April 19, 2001 Form S-1).10.3
    
    2001 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to Accenture Ltds Registration
Statement on Form S-1/A filed on July 12, 2001).10.4
    
    2001 Employee Share Purchase Plan (incorporated by reference to Exhibit 10.14 to the November 30, 2001 10-Q).10.5
    
    Memorandum of Continuance of Accenture Ltd, dated February 21, 2001 (incorporated by reference to Exhibit
3.1 to Accenture Ltds Registration Statement on Form S-1/A filed on July 2, 2001 (the July 2, 2001 Form
S-1/A)).10.6
    
    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 February 28, 2005 10-Q).10.7
    
    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).10.8
    
    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).10.9
    
    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).10.10
    
    Form of Employment Agreement of Messrs. Campbell, Cole, Coughlan, Frerichs, Green, McGrath, Rohleder and
Scrivner and Ms. Mascolo (incorporated by reference to Exhibit 10.10 to Accenture Ltds Registration
Statement on Form S-1/A filed on June 8, 2001 (the June 8, 2001 S-1/A)).10.11
    
    Form of Employment Agreement of Karl-Heinz Flöther (incorporated by reference to Exhibit 10.3 to the November
30, 2001 10-Q).10.12
    
    Form of Employment Agreement of Messrs. Foster and Lajtha (incorporated by reference to Exhibit 10.8 to the
November 30, 2001 10-Q).10.13
    
    Form of Employment Agreement of
Gianfranco Casati (English translation) (incorporated by reference to
Exhibit 10.13 to Accenture Ltds Annual Report on
Form 10-K for the year ended August 31, 2006 filed on
October 18, 2006 (the Accenture Ltd August 31, 2006
10-K)).10.14
    
    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).10.15
    
    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).10.16
    
    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 Letter Agreement, dated May 21, 2001, between Accenture Ltd and Stichting Naritaweg I (incorporated
by reference to Exhibit 10.13 to the July 2, 2001 Form S-1/A).10.18
    
    Form of Letter Agreement, dated May 21, 2001, between Accenture Ltd and Stichting Naritaweg II (incorporated
by reference to Exhibit 10.14 to the July 2, 2001 Form S-1/A).
 59




---



##### 



ExhibitNumber
    
    Exhibit10.19
    
    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 November 30, 2002 10-Q).10.20
    
    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 Accenture SCAs November 30,
2002 10-Q).10.21
    
    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).10.22
    
    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).10.23
    
    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).10.24
    
    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).10.25
    
    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 May 31, 2005 10-Q).10.26
    
    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 May 31, 2005 10-Q).10.27
    
    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 May 31, 2005 10-Q).10.28
    
    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 May 31, 2005 10-Q).10.29
    
    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).10.30
    
    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).10.31
    
    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, 2006 10-K).24.1
    
    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).
 60




---



##### 



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 Boardand Director (principal executive officer)/s/ DINA DUBLON

Dina Dublon
    
    Director/s/ DENNIS F. HIGHTOWER

Dennis F. Hightower
    
    Director/s/ NOBUYUKI IDEI

Nobuyuki Idei
    
    Director/s/ WILLIAM L. KIMSEY

William L. Kimsey
    
    Director/s/ ROBERT I. LIPP

Robert I. Lipp
    
    Director/s/ MARJORIE MAGNER

Marjorie Magner
    
    Director/s/ BLYTHE J. MCGARVIE

Blythe J. McGarvie
    
    Director/s/ SIR MARK MOODY STUART

Sir Mark Moody Stuart
    
    Director
 61




---



##### 



Signature
    
Title/s/ WULF VON SCHIMMELMANN

Wulf von Schimmelmann
    
    Director/s/ MICHAEL G. MCGRATH

Michael G. McGrath
    
    Chief Financial Officer (principal
financial officer)/s/ ANTHONY G. COUGHLAN

Anthony G. Coughlan
    
    Principal Accounting Officer and
Controller (principal
accounting officer)
 62




---



##### 



ACCENTURE SCA
 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
 PageReports of Independent Registered Public Accounting Firm
    
    
    F-2Consolidated Financial Statements as of August 31, 2006 and
2005 and for the three years ended August 31, 2006:Consolidated Balance Sheets
    
    
    F-4Consolidated Income Statements
    
    
    F-5Consolidated Shareholders Equity and Comprehensive Income Statements
    
    
    F-6Consolidated Cash Flows Statements
    
    
    F-8Notes to Consolidated Financial Statements
    
    
    F-9
 F-1




---



##### 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 To the General Partner and Shareholders  Accenture SCA:
      
 F-2




---



##### 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 To the General Partner and Shareholders  Accenture SCA:
       
 F-3




---



##### 



ACCENTURE SCA
 CONSOLIDATED BALANCE SHEETS
 August 31, 2006 and 2005
(In thousands of U.S. dollars, except share and per share amounts)
 2006
    
    
    2005ASSETSCURRENT ASSETS:Cash and cash equivalents
    
    $
    3,066,988
    
    
    $
    2,483,990Short-term investments
    
    
    352,951
    
    
    
    463,460Receivables from clients, net of allowances of $48,069 and $40,821
    
    
    1,916,450
    
    
    
    1,752,937Unbilled services
    
    
    1,350,211
    
    
    
    1,353,676Deferred income taxes, net
    
    
    187,720
    
    
    
    121,386Other current assets
    
    
    479,501
    
    
    
    509,818Total current assets
    
    
    7,353,821
    
    
    
    6,685,267NON-CURRENT ASSETS:Unbilled services
    
    
    105,081
    
    
    
    472,430Investments
    
    
    125,119
    
    
    
    262,873Property and equipment, net of accumulated depreciation of $1,359,978 and $1,268,658
    
    
    727,692
    
    
    
    693,710Goodwill
    
    
    527,648
    
    
    
    378,488Deferred income taxes, net
    
    
    392,211
    
    
    
    291,033Other non-current assets
    
    
    186,508
    
    
    
    173,551Total non-current assets
    
    
    2,064,259
    
    
    
    2,272,085TOTAL ASSETS
    
    $
    9,418,080
    
    
    $
    8,957,352LIABILITIES AND SHAREHOLDERS EQUITYCURRENT LIABILITIES:Short-term bank borrowings
    
    $
    2,218
    
    
    $
    13,681Current portion of long-term debt
    
    
    22,574
    
    
    
    17,391Accounts payable
    
    
    856,087
    
    
    
    807,317Deferred revenues
    
    
    1,511,259
    
    
    
    1,284,303Accrued payroll and related benefits
    
    
    1,693,796
    
    
    
    1,430,998Income taxes payable
    
    
    722,096
    
    
    
    831,399Deferred income taxes, net
    
    
    49,870
    
    
    
    42,609Other accrued liabilities
    
    
    958,582
    
    
    
    503,435Total current liabilities
    
    
    5,816,482
    
    
    
    4,931,133NON-CURRENT LIABILITIES:Long-term debt
    
    
    27,065
    
    
    
    44,116Retirement obligation
    
    
    492,555
    
    
    
    753,558Deferred income taxes, net
    
    
    16,880
    
    
    
    5,621Other non-current liabilities
    
    
    302,965
    
    
    
    545,051Total non-current liabilities
    
    
    839,465
    
    
    
    1,348,346COMMITMENTS AND CONTINGENCIESMINORITY INTEREST
    
    
    72,832
    
    
    
    62,070SHAREHOLDERS EQUITY:Class I common shares, par value 1.25 euros per share, 10,000,000,000 shares authorized,
249,233,436 and 316,573,074 shares issued and outstanding as of August 31, 2006 and
2005, respectively
    
    
    279,326
    
    
    
    354,835Class II common shares, par value 1.25 euros per share, 20,000,000,000 shares authorized,
476,273,864 and 470,958,308 shares issued as of August 31, 2006 and 2005, respectively
    
    
    537,048
    
    
    
    529,281Class III, including Class III-A through -N lettered sub-series common shares, par value
1.25 euros per share,
10,000,000,000 shares authorized, 727,992,071 and 654,720,380 shares issued as of
August 31, 2006 and 2005, respectively
    
    
    819,962
    
    
    
    735,786Restricted share units (related to Accenture Ltd Class A common shares)
    
    
    482,289
    
    
    
    365,708Additional paid-in capital
    
    
    3,435,364
    
    
    
    3,017,187Treasury shares, at cost: Class II common, 5,315,556 and zero shares at August 31, 2006
and 2005,
respectively; Class III common, 194,117,186 and 128,969,153 shares at August 31, 2006
and 2005,
respectively
    
    
    (4,809,618
    )
    
    
    (3,027,009
    )Investment in Accenture Ltd shares, at cost, 342,359 and 2,353,924 shares at August 31,
2006 and 2005,
respectively
    
    
    (9,054
    )
    
    
    (58,314
    )Retained earnings
    
    
    1,980,478
    
    
    
    930,813Accumulated other comprehensive loss
    
    
    (26,494
    )
    
    
    (232,484
    )Total shareholders equity
    
    
    2,689,301
    
    
    
    2,615,803TOTAL LIABILITIES AND SHAREHOLDERS EQUITY
    
    $
    9,418,080
    
    
    $
    8,957,352
  F-4




---



##### 



ACCENTURE SCA
 CONSOLIDATED INCOME STATEMENTS
 For the Years Ended August 31, 2006, 2005 and 2004
(In thousands of U.S. dollars)
 2006
    
    
    2005
    
    
    2004REVENUES:Revenues before
reimbursements
    
    $
    16,646,391
    
    
    $
    15,547,029
    
    
    $
    13,673,563Reimbursements
    
    
    1,581,975
    
    
    
    1,547,391
    
    
    
    1,440,019Revenues
    
    
    18,228,366
    
    
    
    17,094,420
    
    
    
    15,113,582OPERATING EXPENSES:Cost of services:Cost of
services
before
reimbursable
expenses
    
    
    11,652,352
    
    
    
    10,454,830
    
    
    
    9,057,246Reimbursable
expenses
    
    
    1,581,975
    
    
    
    1,547,391
    
    
    
    1,440,019Cost of
services
    
    
    13,234,327
    
    
    
    12,002,221
    
    
    
    10,497,265Sales and
marketing
    
    
    1,708,256
    
    
    
    1,558,266
    
    
    
    1,488,333General and
administrative
costs
    
    
    1,492,690
    
    
    
    1,511,952
    
    
    
    1,340,467Reorganization
and
restructuring
(benefits)
costs
    
    
    (47,966
    )
    
    
    (89,257
    )
    
    
    28,891Total
operating
expenses
    
    
    16,387,307
    
    
    
    14,983,182
    
    
    
    13,354,956OPERATING INCOME
    
    
    1,841,059
    
    
    
    2,111,238
    
    
    
    1,758,626Gain on investments,
net
    
    
    2,018
    
    
    
    21,468
    
    
    
    3,397Interest income
    
    
    129,547
    
    
    
    108,236
    
    
    
    59,939Interest expense
    
    
    (21,146
    )
    
    
    (23,973
    )
    
    
    (22,044
    )Other (expense)
income
    
    
    (27,811
    )
    
    
    (10,967
    )
    
    
    160Equity in losses of
affiliates
    
    
    
    
    
    
    
    
    
    
    (1,508
    )INCOME BEFORE INCOME
TAXES
    
    
    1,923,667
    
    
    
    2,206,002
    
    
    
    1,798,570Provision for income
taxes
    
    
    490,535
    
    
    
    697,097
    
    
    
    575,543INCOME BEFORE
MINORITY
INTEREST
    
    
    1,433,132
    
    
    
    1,508,905
    
    
    
    1,223,027Minority interest in
Accenture Canada
Holdings Inc.
    
    
    (6,787
    )
    
    
    (7,590
    )
    
    
    (7,581
    )Minority interest 
other
    
    
    (12,421
    )
    
    
    (11,946
    )
    
    
    (2,527
    )NET INCOME
    
    $
    1,413,924
    
    
    $
    1,489,369
    
    
    $
    1,212,919Cash
dividends per share
    
    $
    0.30
    
    
    $
    
    
    
    $
    
  F-5




---



##### 



ACCENTURE SCA
 CONSOLIDATED SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME STATEMENTS
 For the Years Ended August 31, 2006, 2005 and 2004
(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
    
    
    
    
    
    
    
    
    
    
    Investment in
    
    
    Retained
    
    
    Accumulated OtherShares
    
    
    Shares
    
    
    Shares
    
    
    common
    
    
    Paid-in
    
    
    Treasury Shares
    
    
    Accenture Ltd
    
    
    Earnings
    
    
    Comprehensive$
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    shares)
    
    
    Capital
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    

(Deficit)
    
    
    Income (Loss)
    
    
    TotalBalance as of August 31, 2003
    
    $
    1,072,320
    
    
    
    958,546
    
    
    $
    529,281
    
    
    
    470,958
    
    
    $
    
    
    
    
    
    
    
    $
    557,609
    
    
    $
    2,702,248
    
    
    $
    (846,959
    )
    
    
    (45,257
    )
    
    $
    (397,076
    )
    
    
    (23,311
    )
    
    $
    (1,708,371
    )
    
    $
    (188,233
    )
    
    $
    1,720,819Comprehensive income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,212,919
    
    
    
    
    
    
    
    1,212,919Other comprehensive income:Unrealized gains on marketable
securities, net of reclassification
adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,585
    
    
    
    1,585Foreign currency translation
adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    44,312
    
    
    
    44,312Minimum pension liability
adjustment, net of tax
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (4,350
    )
    
    
    28,576
    
    
    
    24,226Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    74,473Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,283,042Income tax benefit on:Share-based compensation plans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    30,235
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    30,235Contract termination
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,073
    
    
    
    
    
    
    
    2,073Purchases of Accenture Ltd Class A
common shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (79,491
    )
    
    
    
    
    
    
    
    
    
    
    (168,201
    )
    
    
    (7,011
    )
    
    
    
    
    
    
    
    
    
    
    (247,692
    )Transfer of
shares from investment in Accenture Ltd
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,324
    
    
    
    (92,119
    )
    
    
    (3,707
    )
    
    
    83,795
    
    
    
    3,703
    
    
    
    
    
    
    
    
    
    
    
    Share-based compensation expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    59,434
    
    
    
    1,052
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    60,486Purchases/redemptions of Accenture SCAClass I common shares and AccentureCanada Holdings Inc. exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (44,828
    )
    
    
    (3,181,473
    )
    
    
    (146,391
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,226,301
    )Issuances of Class A common shares:Employee share programs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (292,580
    )
    
    
    (152,449
    )
    
    
    588,552
    
    
    
    28,578
    
    
    
    162,384
    
    
    
    7,897
    
    
    
    
    
    
    
    
    
    
    
    305,907In September 2003 secondary offering
    
    
    18,301
    
    
    
    12,748
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    369,582
    
    
    
    750,591
    
    
    
    39,647
    
    
    
    283,401
    
    
    
    17,300
    
    
    
    
    
    
    
    
    
    
    
    1,421,875In May 2004 secondary offering
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    105,509
    
    
    
    882,664
    
    
    
    43,261
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    988,173Transaction fees
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    25,519
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    25,519Minority interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,954
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,954Balance 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
    )
 F-6




---



##### 



RestrictedShare Units(related toClass I
    
    
    Class II
    
    
    Class III
    
    
    Accenture LtdCommon
    
    
    Common
    
    
    Common
    
    
    Class A
    
    
    Additional
    
    
    
    
    
    
    
    
    
    
    Investment in Accenture
    
    
    Retained
    
    
    Accumulated OtherShares
    
    
    Shares
    
    
    Shares
    
    
    common
    
    
    Paid-in
    
    
    Treasury Shares
    
    
    Ltd
    
    
    Earnings
    
    
    Comprehensive Income$
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    
    shares)
    
    
    Capital
    
    
    $
    
    
    No. Shares
    
    
    $
    
    
    No. Shares
    
    

(Deficit)
    
    
    (Loss)
    
    
    TotalComprehensive 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 Class III common shares and AccentureCanada Holdings Inc. exchangeable shares
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (22,335
    )
    
    
    (1,553,293
    )
    
    
    (64,741
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,575,628
    )Issuances of Class A 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
    
    
    
    52,423Minimum 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
    
    
    
    
    
    
    
    497Issuance and purchase 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 Class A 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
    )
    
    $
    2,689,301
  F-7




---



##### 



ACCENTURE SCA
 CONSOLIDATED CASH FLOWS STATEMENTS
 For the Years Ended August 31, 2006, 2005 and 2004
(In thousands of U.S. dollars)
 2006
    
    
    2005
    
    
    2004CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    1,413,924
    
    
    $
    1,489,369
    
    
    $
    1,212,919Adjustments to reconcile Net income to Net cash provided by
operating activities Depreciation and amortization (including amortization of
deferred charges)
    
    
    320,610
    
    
    
    282,073
    
    
    
    257,080Reorganization benefits, net
    
    
    (47,966
    )
    
    
    (89,257
    )
    
    
    (78,365
    )Gains on investments, net
    
    
    (2,018
    )
    
    
    (21,468
    )
    
    
    (3,397
    )Losses on disposal of property and equipment, net
    
    
    1,201
    
    
    
    6,254
    
    
    
    8,596Losses on impairment of property and equipment
    
    
    31,337
    
    
    
    
    
    
    
    Share-based compensation expense
    
    
    270,884
    
    
    
    88,341
    
    
    
    60,486Deferred income taxes, net
    
    
    (223,637
    )
    
    
    63,139
    
    
    
    92,864Minority interest
    
    
    19,208
    
    
    
    19,536
    
    
    
    10,108Other, net
    
    
    (346
    )
    
    
    2,104
    
    
    
    (121
    )Change in assets and liabilities, net of acquisitions Receivables from clients, net
    
    
    (90,458
    )
    
    
    (59,460
    )
    
    
    (182,998
    )Other current assets
    
    
    35,755
    
    
    
    12,399
    
    
    
    (208,802
    )Unbilled services, current and non-current
    
    
    400,142
    
    
    
    (596,984
    )
    
    
    (222,428
    )Other non-current assets
    
    
    (12,655
    )
    
    
    (24,853
    )
    
    
    (84,703
    )Accounts payable
    
    
    48,157
    
    
    
    270,499
    
    
    
    (65,486
    )Deferred revenues
    
    
    130,504
    
    
    
    334,121
    
    
    
    275,371Accrued payroll and related benefits
    
    
    228,688
    
    
    
    (60,147
    )
    
    
    498,293Income taxes payable
    
    
    (68,961
    )
    
    
    115,950
    
    
    
    143,229Other accrued liabilities
    
    
    233,961
    
    
    
    29,714
    
    
    
    162,675Other non-current liabilities
    
    
    (20,341
    )
    
    
    25,751
    
    
    
    (119,372
    )Net cash provided by operating activities
    
    
    2,667,989
    
    
    
    1,887,081
    
    
    
    1,755,949CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from maturities and sales of available-for-sale
investments
    
    
    657,629
    
    
    
    944,484
    
    
    
    421,003Purchases of available-for-sale investments
    
    
    (401,181
    )
    
    
    (1,019,317
    )
    
    
    (1,014,998
    )Proceeds from sales of property and equipment
    
    
    13,951
    
    
    
    6,318
    
    
    
    11,026Purchases of property and equipment
    
    
    (306,174
    )
    
    
    (317,772
    )
    
    
    (281,986
    )Purchases of businesses and investments, net of cash acquired
    
    
    (220,985
    )
    
    
    (188,469
    )
    
    
    (31,662
    )Other, net
    
    
    4,260
    
    
    
    
    
    
    
    Net cash used in investing activities
    
    
    (252,500
    )
    
    
    (574,756
    )
    
    
    (896,617
    )CASH FLOWS FROM FINANCING ACTIVITIES:Payment of retirement benefits to former pre-incorporation
partners
    
    
    (32,671
    )
    
    
    (38,453
    )
    
    
    (30,606
    )Proceeds from issuance of common shares
    
    
    436,918
    
    
    
    298,707
    
    
    
    2,741,474Purchases of common shares
    
    
    (2,258,723
    )
    
    
    (1,625,097
    )
    
    
    (3,459,934
    )Proceeds from long-term debt
    
    
    29,742
    
    
    
    6,061
    
    
    
    799Repayments of long-term debt
    
    
    (36,056
    )
    
    
    (9,467
    )
    
    
    (4,058
    )Proceeds from short-term borrowings
    
    
    40,269
    
    
    
    61,834
    
    
    
    96,851Repayments of short-term borrowings
    
    
    (52,657
    )
    
    
    (71,043
    )
    
    
    (115,491
    )Decrease in restricted cash of Accenture Share Employee
Compensation Trust
    
    
    
    
    
    
    
    
    
    
    83,280Cash dividends paid
    
    
    (96,277
    )
    
    
    
    
    
    
    Excess tax benefits from share-based payment arrangements
    
    
    42,832
    
    
    
    
    
    
    
    Other, net
    
    
    (7,844
    )
    
    
    
    
    
    
    Net cash used in financing activities
    
    
    (1,934,467
    )
    
    
    (1,377,458
    )
    
    
    (687,685
    )Effect of exchange rate changes on cash and cash equivalents
    
    
    101,976
    
    
    
    (3,835
    )
    
    
    49,150NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
    
    
    582,998
    
    
    
    (68,968
    )
    
    
    220,797CASH AND CASH EQUIVALENTS,beginning of period
    
    
    2,483,990
    
    
    
    2,552,958
    
    
    
    2,332,161CASH AND CASH EQUIVALENTS,end of period
    
    $
    3,066,988
    
    
    $
    2,483,990
    
    
    $
    2,552,958Supplemental cash flow informationInterest paid
    
    $
    20,837
    
    
    $
    23,597
    
    
    $
    21,970Income taxes paid
    
    $
    768,313
    
    
    $
    573,026
    
    
    $
    387,450
  F-8




---



##### 



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
    Revenue Recognition
 Accounting for Performance
of Construction-Type and Certain Production-Type Contracts
 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)
  Revenue Recognition in Financial
Statements Revenue Recognition
   Accounting for Revenue Arrangements with Multiple Deliverables,
 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)
   Operating Expenses
  Year Ended August 31,2006
    
    2005
    
    2004Training costs
    
    $
    680,662
    
    
    $
    546,248
    
    
    $
    401,266Research and development costs
    
    
    298,354
    
    
    
    243,449
    
    
    
    271,943Advertising costs
    
    
    68,810
    
    
    
    65,902
    
    
    
    61,932Provision for (release of) doubtful accounts
    
    
    9,389
    
    
    
    (3,849
    )
    
    
    (641
    )
  Translation of Non-U.S. Currency Amounts
   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)
 Cash and Cash Equivalents
  Client Receivables, Client Financing and Allowance for Doubtful Accounts
  Investments
  Foreign Exchange Instruments
  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)
 Accounting for Derivative
Instruments and Hedging Activities
 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
  Employee Share-Based Compensation Awards
 Share-Based
Payment Accounting for Stock-Based
Compensation Accounting for Stock Issued to Employees
 Use of Estimates
  Reclassifications
  Concentrations of Credit Risk
  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)
  Newly Issued Accounting Standards
 Accounting for Uncertainty in Income Taxes-an interpretation of FASB
Statement No. 109
 Employers Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 106, and 132(R)
 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)
 2. RESTRUCTURING AND REORGANIZATION (BENEFITS) COSTS
 Restructuring
   Year Ended August 31,2006
    
    
    2005Restructuring liability balance, beginning of period
    
    $
    69,919
    
    
    $
    102,761Payments made
    
    
    (20,884
    )
    
    
    (29,582
    )Other(1)
    
    
    4,474
    
    
    
    (3,260
    )Restructuring liability, end of period
    
    $
    53,509
    
    
    $
    69,919
 
 (1)
    
    Other represents imputed interest, immaterial changes in lease estimates and foreign currency
translation.  Reorganization
   Year Ended August 31,2006
    
    
    2005
    
    
    2004Reorganization liability balance, beginning of period
    
    $
    381,440
    
    
    $
    454,042
    
    
    $
    510,149Final determinations(1)
    
    
    (72,362
    )
    
    
    (115,444
    )
    
    
    (80,112
    )Changes in estimates
    
    
    
    
    
    
    
    
    
    
    (25,547
    )Benefit recorded
    
    
    (72,362
    )
    
    
    (115,444
    )
    
    
    (105,659
    )Interest expense accrued
    
    
    24,396
    
    
    
    26,187
    
    
    
    27,294Payments
    
    
    
    
    
    
    
    
    
    
    Benefits, net of accrued interest and payments
    
    
    (47,966
    )
    
    
    (89,257
    )
    
    
    (78,365
    )Foreign currency translation
    
    
    17,390
    
    
    
    16,655
    
    
    
    22,258Reorganization liability, end of period
    
    $
    350,864
    
    
    $
    381,440
    
    
    $
    454,042
 
 (1)
    
    Includes final agreements with tax authorities and expirations of statutes of limitations. 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)
  3. ACCUMULATED OTHER COMPREHENSIVE LOSS
  August 31,2006
    
    
    2005Unrealized losses on marketable securities, net of reclassification adjustments
    
    $
    (3,479
    )
    
    $
    (2,219
    )Foreign currency translation adjustments
    
    
    9,387
    
    
    
    (43,036
    )Minimum pension liability adjustment, net of tax of $22,863 and $125,057, respectively
    
    
    (32,402
    )
    
    
    (187,229
    )Accumulated other comprehensive loss
    
    $
    (26,494
    )
    
    $
    (232,484
    )
 4. PROPERTY AND EQUIPMENT
  August 31,2006
    
    
    2005Buildings and land
    
    $
    3,870
    
    
    $
    3,272Computers, related equipment and software
    
    
    1,245,334
    
    
    
    1,218,029Furniture and fixtures
    
    
    308,192
    
    
    
    281,624Leasehold improvements
    
    
    530,274
    
    
    
    459,443Property and equipment, gross
    
    
    2,087,670
    
    
    
    1,962,368Total accumulated depreciation
    
    
    (1,359,978
    )
    
    
    (1,268,658
    )Property and equipment, net
    
    $
    727,692
    
    
    $
    693,710
 5. BUSINESS COMBINATIONS AND GOODWILL
   Goodwill and Other Intangible Assets
 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)
  Foreign
    
    
    
    
    
    
    
    
    
    
    ForeignBalance at
    
    
    
    
    
    
    Currency
    
    
    Balance at
    
    
    
    
    
    
    Currency
    
    
    Balance atAugust 31,
    
    
    Additions/
    
    
    Translation
    
    
    August 31,
    
    
    Additions/
    
    
    Translation
    
    
    August 31,2004
    
    
    Adjustments
    
    
    Adjustments
    
    
    2005
    
    
    Adjustments
    
    
    Adjustments
    
    
    2006Communications & High Tech
    
    $
    70,949
    
    
    $
    3,889
    
    
    $
    (1,752
    )
    
    $
    73,086
    
    
    $
    5,128
    
    
    $
    4,525
    
    
    $
    82,739Financial Services
    
    
    43,668
    
    
    
    8,800
    
    
    
    (899
    )
    
    
    51,569
    
    
    
    69,650
    
    
    
    2,373
    
    
    
    123,592Government
    
    
    23,242
    
    
    
    2,083
    
    
    
    (392
    )
    
    
    24,933
    
    
    
    6,568
    
    
    
    1,752
    
    
    
    33,253Products
    
    
    46,402
    
    
    
    151,276
    
    
    
    (741
    )
    
    
    196,937
    
    
    
    56,111
    
    
    
    5,342
    
    
    
    258,390Resources
    
    
    30,221
    
    
    
    2,336
    
    
    
    (594
    )
    
    
    31,963
    
    
    
    (3,950
    )
    
    
    1,661
    
    
    
    29,674Total
    
    $
    214,482
    
    
    $
    168,384
    
    
    $
    (4,378
    )
    
    $
    378,488
    
    
    $
    133,507
    
    
    $
    15,653
    
    
    $
    527,648
 6. INVESTMENTS AND FINANCIAL INSTRUMENTS
  Amortized
    
    
    Unrealized
    
    
    Unrealized
    
    
    EstimatedCost
    
    
    Gains
    
    
    Losses
    
    
    Fair ValueAugust 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 at August 31, 2006
    
    $
    481,549
    
    
    $
    383
    
    
    $
    (3,862
    )
    
    $
    478,070August 31, 2005Available-for-sale debt securitiesAsset-backed
securities
    
    $
    28,568
    
    
    $
    20
    
    
    $
    (616
    )
    
    $
    27,972Certificates of deposit and time deposits
    
    
    46,000
    
    
    
    1
    
    
    
    
    
    
    
    46,001Corporate debt securities
    
    
    537,660
    
    
    
    313
    
    
    
    (1,153
    )
    
    
    536,820Foreign government securities
    
    
    3,356
    
    
    
    52
    
    
    
    (10
    )
    
    
    3,398U.S. Treasury securities
    
    
    99,204
    
    
    
    
    
    
    
    (906
    )
    
    
    98,298Total available-for-sale debt securities
    
    
    714,788
    
    
    
    386
    
    
    
    (2,685
    )
    
    
    712,489Available-for-sale equity securities
    
    
    11,482
    
    
    
    161
    
    
    
    (81
    )
    
    
    11,562Total available-for-sale securities
    
    
    726,270
    
    
    
    547
    
    
    
    (2,766
    )
    
    
    724,051Other
    
    
    2,282
    
    
    
    
    
    
    
    
    
    
    
    2,282Total investments at August 31, 2005
    
    $
    728,552
    
    
    $
    547
    
    
    $
    (2,766
    )
    
    $
    726,333
  August 31, 2006Amortized
    
    
    EstimatedCost
    
    
    Fair ValueDue in 1 year or less
    
    $
    353,565
    
    
    $
    352,891Due in 1-2 years
    
    
    43,370
    
    
    
    42,450Due in 2-3 years
    
    
    53,877
    
    
    
    52,375Due in 3-4 years
    
    
    8,683
    
    
    
    8,434Due in 4-5 years
    
    
    13,364
    
    
    
    13,106Due after 5 years
    
    
    5,242
    
    
    
    5,127Total available-for-sale debt securities
    
    $
    478,101
    
    
    $
    474,383
 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)
  August 31,2006
    
    
    2005
    
    
    2004Available-for-sale investmentsProceeds from sale
    
    $
    153,364
    
    
    $
    43,452
    
    
    $
    421,003Gross realized gains
    
    
    3,347
    
    
    
    26,291
    
    
    
    9,357Gross realized losses
    
    
    305
    
    
    
    3,956
    
    
    
    8,382
 Equity Method Investments
  Foreign Exchange Instruments
  August 31,2006
    
    
    2005Notional
    
    
    Fair
    
    
    Notional
    
    
    FairValue
    
    
    Value
    
    
    Value
    
    
    ValueForeign currency forward exchange contracts:To sell
    
    $
    176,486
    
    
    $
    (4,740
    )
    
    $
    287,794
    
    
    $
    (527
    )To buy
    
    
    471,280
    
    
    
    (2,908
    )
    
    
    372,204
    
    
    
    (172
    )
 7. BORROWINGS AND INDEBTEDNESS
  Facility AmountSyndicated loan facility(1)
    
    $
    1,200,000Separate bilateral, uncommitted, unsecured multicurrency revolving credit facilities(2)
    
    
    350,000Local guaranteed and non-guaranteed lines of credit(3)
    
    
    136,000Total
    
    $
    1,686,000
 
 (1)
    
    On July 31, 2006, we replaced our $1,500,000 syndicated loan facility maturing on June 18,
2009 with a $1,200,000 syndicated loan facility maturing on July 31, 2011. This new 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 the Companys 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,
2006, we had no borrowings under the facility.
The facility is subject to annual commitment fees.(2)
    
    We maintain three separate bilateral, uncommitted and 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. Effective August 31, 2006, we amended two of the
bilateral credit facilities, which increased total capacity by $100,000 to $350,000. As of
August 31, 2006 and 2005, we had $2,218 and $4,401, 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 2006 and 7% in fiscal 2005 and 2004.(3)
    
    We also maintain local guaranteed and non-guaranteed lines of credit for those locations that
cannot access our global facilities. At August 31, 2006, we had no borrowings under these
various facilities. 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)
  8. INCOME TAXES
  Year Ended August 31,2006
    
    
    2005
    
    
    2004Current taxes:U.S. Federal
    
    $
    293,733
    
    
    $
    138,457
    
    
    $
    135,510U.S. state and local
    
    
    41,961
    
    
    
    19,779
    
    
    
    19,359Non-U.S
    
    
    375,376
    
    
    
    478,049
    
    
    
    318,800Total current tax expense
    
    
    711,070
    
    
    
    636,285
    
    
    
    473,669Deferred taxes:U.S. Federal
    
    
    (179,505
    )
    
    
    55,344
    
    
    
    52,399U.S. state and local
    
    
    (25,643
    )
    
    
    7,906
    
    
    
    7,486Non-U.S
    
    
    (15,387
    )
    
    
    (2,438
    )
    
    
    41,989Total deferred tax (benefit) expense
    
    
    (220,535
    )
    
    
    60,812
    
    
    
    101,874Total
    
    $
    490,535
    
    
    $
    697,097
    
    
    $
    575,543
   Year Ended August 31,2006
    
    
    2005
    
    
    2004U.S. sources
    
    $
    648,283
    
    
    $
    682,030
    
    
    $
    503,257Non-U.S. sources
    
    
    1,275,384
    
    
    
    1,523,972
    
    
    
    1,295,313Total
    
    $
    1,923,667
    
    
    $
    2,206,002
    
    
    $
    1,798,570
  Year Ended August 31,2006
    
    
    2005
    
    
    2004U.S. Federal statutory income tax rate
    
    
    35.0
    %
    
    
    35.0
    %
    
    
    35.0
    %U.S. state and local taxes, net
    
    
    1.7
    
    
    
    1.6
    
    
    
    1.4Reorganization benefits
    
    
    (0.9
    )
    
    
    (1.4
    )
    
    
    (1.5
    )Other final determinations(1)
    
    
    (10.8
    )
    
    
    (6.4
    )
    
    
    (2.2
    )Deferred tax
revaluation(2)
    
    
    (3.8
    )
    
    
    
    
    
    
    Non-U.S. operations
    
    
    0.5
    
    
    
    (0.4
    )
    
    
    (1.4
    )Other
    
    
    3.8
    
    
    
    3.2
    
    
    
    0.7Effective income tax rate
    
    
    25.5
    %
    
    
    31.6
    %
    
    
    32.0
    %
 
 (1)
    
    Final determinations include final agreements with tax authorities and expirations of
statutes of limitations.(2)
    
    Related to updated estimates of the probable future benefit
of certain deferred tax assets.  Year Ended August 31,2006
    
    
    2005Deferred tax assets:Pensions
    
    $
    77,845
    
    
    $
    161,197Revenue recognition
    
    
    43,747
    
    
    
    55,235Compensation and benefits
    
    
    165,180
    
    
    
    121,060Share-based compensation
    
    
    161,220
    
    
    
    26,778Tax credit carryforwards
    
    
    13,937
    
    
    
    11,449Net operating loss carryforwards
    
    
    271,458
    
    
    
    220,373
 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)
 Year Ended August 31,2006
    
    
    2005Depreciation and amortization
    
    
    144,023
    
    
    
    119,322Other
    
    
    48,513
    
    
    
    72,944925,923
    
    
    
    788,358Valuation allowance
    
    
    (198,654
    )
    
    
    (270,630
    )Total deferred tax assets
    
    
    727,269
    
    
    
    517,728Deferred tax liabilities:Revenue recognition
    
    
    (71,319
    )
    
    
    (46,740
    )Depreciation and amortization
    
    
    (58,660
    )
    
    
    (58,479
    )Investments
    
    
    (51,375
    )
    
    
    (23,357
    )Other
    
    
    (32,734
    )
    
    
    (24,963
    )Total deferred tax liabilities
    
    
    (214,088
    )
    
    
    (153,539
    )Net deferred tax assets
    
    $
    513,181
    
    
    $
    364,189
          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)
  9. RETIREMENT AND PROFIT SHARING PLANS
 Defined Benefit Pension and Postretirement Benefits
 Employers Accounting for Pensions , Employers Accounting for Postretirement Benefits Other Than Pensions
    Pension BenefitsYear Ended August 31,2006
    
    
    2005
    
    
    2004U.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
    
    $
    64,410
    
    
    $
    51,496
    
    
    $
    49,518
    
    
    $
    45,054
    
    
    $
    45,247
    
    
    $
    34,802Interest cost
    
    
    49,923
    
    
    
    20,865
    
    
    
    42,760
    
    
    
    18,037
    
    
    
    36,262
    
    
    
    12,799Expected return on plan assets
    
    
    (52,318
    )
    
    
    (19,833
    )
    
    
    (42,892
    )
    
    
    (15,305
    )
    
    
    (24,735
    )
    
    
    (9,932
    )Amortization of transitional obligation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (213
    )Amortization of loss/(gain)
    
    
    31,140
    
    
    
    1,962
    
    
    
    13,675
    
    
    
    (1,023
    )
    
    
    20,673
    
    
    
    782Amortization of prior service cost
    
    
    1,149
    
    
    
    709
    
    
    
    1,291
    
    
    
    1,579
    
    
    
    2,472
    
    
    
    90Curtailment loss recognized
    
    
    
    
    
    
    183
    
    
    
    
    
    
    
    243
    
    
    
    
    
    
    
    Special termination benefits charge
    
    
    
    
    
    
    1,582
    
    
    
    
    
    
    
    1,299
    
    
    
    
    
    
    
    3,643Total
    
    $
    94,304
    
    
    $
    56,964
    
    
    $
    64,352
    
    
    $
    49,884
    
    
    $
    79,919
    
    
    $
    41,971
 Postretirement BenefitsYear Ended August 31,2006
    
    
    2005
    
    
    2004U.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
    
    $
    10,102
    
    
    $
    2,061
    
    
    $
    7,091
    
    
    $
    1,646
    
    
    $
    7,263
    
    
    $
    1,677Interest cost
    
    
    6,150
    
    
    
    1,766
    
    
    
    5,534
    
    
    
    1,776
    
    
    
    5,167
    
    
    
    1,561Expected return on plan assets
    
    
    (1,419
    )
    
    
    
    
    
    
    (1,335
    )
    
    
    
    
    
    
    (1,424
    )
    
    
    Amortization of transitional obligation
    
    
    79
    
    
    
    
    
    
    
    79
    
    
    
    
    
    
    
    79
    
    
    
    204Amortization of loss
    
    
    2,518
    
    
    
    198
    
    
    
    1,493
    
    
    
    94
    
    
    
    2,401
    
    
    
    74Amortization of prior service cost
    
    
    (801
    )
    
    
    (281
    )
    
    
    (801
    )
    
    
    (161
    )
    
    
    (801
    )
    
    
    Curtailment loss recognized
    
    
    
    
    
    
    (472
    )
    
    
    
    
    
    
    (222
    )
    
    
    
    
    
    
    Total
    
    $
    16,629
    
    
    $
    3,272
    
    
    $
    12,061
    
    
    $
    3,133
    
    
    $
    12,685
    
    
    $
    3,516
 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 31,2006
    
    
    2005
    
    
    2004U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    PlansDiscount rate
    
    
    5.25
    %
    
    
    4.28
    %
    
    
    6.25
    %
    
    
    4.93
    %
    
    
    6.00
    %
    
    
    4.85
    %Expected rate of return on plan assets
    
    
    7.50
    
    
    
    5.57
    
    
    
    7.50
    
    
    
    5.19
    
    
    
    8.00
    
    
    
    5.66Rate of increase in future compensation
    
    
    4.50
    
    
    
    3.27
    
    
    
    4.50
    
    
    
    3.16
    
    
    
    4.50
    
    
    
    3.10
 Postretirement BenefitsYear Ended August 31,2006
    
    
    2005
    
    
    2004U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.
    
    
    U.S.
    
    
    Non-U.S.Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    Plans
    
    
    PlansDiscount rate
    
    
    5.25
    %
    
    
    5.50
    %
    
    
    6.25
    %
    
    
    6.75
    %
    
    
    6.00
    %
    
    
    6.50
    %Expected rate of return on plan assets
    
    
    7.50/3.50
    
    
    
    N/A
    
    
    
    7.50/3.50
    
    
    
    N/A
    
    
    
    8.00/5.00
    
    
    
    N/ARate of increase in future compensation
    
    
    N/A
    
    
    
    3.50
    
    
    
    N/A
    
    
    
    4.50
    
    
    
    N/A
    
    
    
    4.00
  Pension Benefits
    
    Postretirement BenefitsYear Ended August 31,
    
    Year Ended August 31,2006
    
    2005
    
    2006
    
    2005U.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
    
    
    6.50
    %
    
    
    4.68
    %
    
    
    5.25
    %
    
    
    4.28
    %
    
    
    6.50
    %
    
    
    6.00
    %
    
    
    5.25
    %
    
    
    5.50
    %Rate of increase in
future compensation
    
    
    4.50
    
    
    
    3.45
    
    
    
    4.50
    
    
    
    3.27
    
    
    
    N/A
    
    
    
    2.90
    
    
    
    N/A
    
    
    
    3.50
   Pension Benefits
    
    
    Postretirement BenefitsYear Ended August 31,
    
    
    Year Ended August 31,2006
    
    
    2005
    
    
    2006
    
    
    2005U.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
    
    PlansChanges in benefit
obligationBenefit obligation,
beginning of year
    
    $
    957,547
    
    
    $
    511,585
    
    
    $
    692,028
    
    
    $
    335,819
    
    
    $
    118,336
    
    
    $
    31,411
    
    
    $
    89,476
    
    
    $
    25,054Service cost
    
    
    64,410
    
    
    
    51,496
    
    
    
    49,518
    
    
    
    45,054
    
    
    
    10,102
    
    
    
    2,061
    
    
    
    7,091
    
    
    
    1,646Interest cost
    
    
    49,923
    
    
    
    20,865
    
    
    
    42,760
    
    
    
    18,037
    
    
    
    6,150
    
    
    
    1,766
    
    
    
    5,534
    
    
    
    1,776Amendments
    
    
    
    
    
    
    (11,794
    )
    
    
    
    
    
    
    1,365
    
    
    
    
    
    
    
    (5,687
    )
    
    
    
    
    
    
    (3,858
    )Termination benefits
    
    
    
    
    
    
    1,582
    
    
    
    
    
    
    
    1,299
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Participant contributions
    
    
    
    
    
    
    6,544
    
    
    
    
    
    
    
    6,366
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Acquisitions/divestitures
/transfers
    
    
    
    
    
    
    39,325
    
    
    
    
    
    
    
    75,024
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Curtailments
    
    
    
    
    
    
    (1,300
    )
    
    
    
    
    
    
    (540
    )
    
    
    
    
    
    
    (2,136
    )
    
    
    
    
    
    
    (263
    )Actuarial loss(gain)
    
    
    (215,857
    )
    
    
    (3,317
    )
    
    
    189,769
    
    
    
    73,364
    
    
    
    (37,868
    )
    
    
    (3,478
    )
    
    
    19,555
    
    
    
    4,160Benefits paid
    
    
    (15,752
    )
    
    
    (28,676
    )
    
    
    (16,528
    )
    
    
    (39,369
    )
    
    
    (1,782
    )
    
    
    (250
    )
    
    
    (3,320
    )
    
    
    (130
    )Exchange rate loss
    
    
    
    
    
    
    29,968
    
    
    
    
    
    
    
    2,212
    
    
    
    
    
    
    
    2,075
    
    
    
    
    
    
    
    3,026Settlements
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (7,046
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Benefit obligation, end
of year
    
    $
    840,271
    
    
    $
    616,278
    
    
    $
    957,547
    
    
    $
    511,585
    
    
    $
    94,938
    
    
    $
    25,762
    
    
    $
    118,336
    
    
    $
    31,411
 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)
 Pension Benefits
    
    
    Postretirement BenefitsYear Ended August 31,
    
    
    Year Ended August 31,2006
    
    
    2005
    
    
    2006
    
    
    2005Non-U.S.
    
    
    
    
    
    
    Non-U.S.
    
    
    
    
    
    
    Non-U.S.
    
    
    
    
    
    
    Non-U.S.U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    PlansChanges in plan assetsFair value of plan
assets, beginning of
year
    
    $
    701,343
    
    
    $
    344,088
    
    
    $
    470,792
    
    
    $
    243,424
    
    
    $
    25,643
    
    
    $
    
    
    
    $
    24,585
    
    
    $
    Actual return on plan
assets
    
    
    81,086
    
    
    
    23,998
    
    
    
    63,227
    
    
    
    24,998
    
    
    
    1,839
    
    
    
    
    
    
    
    1,647
    
    
    
    Acquisitions/divestitures
/transfers
    
    
    2,733
    
    
    
    28,550
    
    
    
    
    
    
    
    70,004
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Employer contributions
    
    
    32,234
    
    
    
    60,414
    
    
    
    183,852
    
    
    
    40,780
    
    
    
    877
    
    
    
    250
    
    
    
    180
    
    
    
    130Participant contributions
    
    
    
    
    
    
    6,544
    
    
    
    
    
    
    
    6,366
    
    
    
    
    
    
    
    
    
    
    
    2,551
    
    
    
    Benefits paid
    
    
    (15,752
    )
    
    
    (28,676
    )
    
    
    (16,528
    )
    
    
    (39,369
    )
    
    
    (1,782
    )
    
    
    (250
    )
    
    
    (3,320
    )
    
    
    (130
    )Exchange rate gain
    
    
    
    
    
    
    23,573
    
    
    
    
    
    
    
    4,931
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Settlements
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (7,046
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Fair value of plan
assets, end of year
    
    $
    801,644
    
    
    $
    458,491
    
    
    $
    701,343
    
    
    $
    344,088
    
    
    $
    26,577
    
    
    $
    
    
    
    $
    25,643
    
    
    $
    Reconciliation of funded
statusFunded status
    
    $
    (38,627
    )
    
    $
    (157,787
    )
    
    $
    (256,204
    )
    
    $
    (167,497
    )
    
    $
    (68,361
    )
    
    $
    (25,762
    )
    
    $
    (92,693
    )
    
    $
    (31,411
    )Unrecognized
transitional obligation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    519
    
    
    
    
    
    
    
    598
    
    
    
    Unrecognized loss
    
    
    59,117
    
    
    
    63,918
    
    
    
    337,615
    
    
    
    71,192
    
    
    
    2,132
    
    
    
    1,683
    
    
    
    43,141
    
    
    
    7,187Unrecognized prior
service cost
    
    
    2,739
    
    
    
    (7,913
    )
    
    
    3,888
    
    
    
    5,215
    
    
    
    (7,306
    )
    
    
    (9,268
    )
    
    
    (8,107
    )
    
    
    (3,838
    )Contribution made after
measurement date
    
    
    
    
    
    
    1,985
    
    
    
    
    
    
    
    1,499
    
    
    
    
    
    
    
    44
    
    
    
    (112
    )
    
    
    24Net amount recognized at
year-end
    
    $
    23,229
    
    
    $
    (99,797
    )
    
    $
    85,299
    
    
    $
    (89,591
    )
    
    $
    (73,016
    )
    
    $
    (33,303
    )
    
    $
    (57,173
    )
    
    $
    (28,038
    )Amounts recognized in
the Consolidated Balance
Sheets consist of:Prepaid benefit cost
    
    $
    110,377
    
    
    $
    11,175
    
    
    $
    10,274
    
    
    $
    10,441
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Accrued benefit liability
    
    
    (122,350
    )
    
    
    (131,035
    )
    
    
    (205,404
    )
    
    
    (135,238
    )
    
    
    (73,016
    )
    
    
    (33,303
    )
    
    
    (57,173
    )
    
    
    (28,038
    )Intangible asset
    
    
    
    
    
    
    
    
    
    
    3,339
    
    
    
    10
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Accumulated other
comprehensive loss
    
    
    35,202
    
    
    
    20,063
    
    
    
    277,090
    
    
    
    35,196
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net amount recognized at
year-end
    
    $
    23,229
    
    
    $
    (99,797
    )
    
    $
    85,299
    
    
    $
    (89,591
    )
    
    $
    (73,016
    )
    
    $
    (33,303
    )
    
    $
    (57,173
    )
    
    $
    (28,038
    )
 Funded Status for Defined Benefit Plans
    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)
  August 31,2006
    
    
    2005Non-U.S.
    
    
    
    
    
    
    Non-U.S.U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    PlansAccumulated benefit obligation
    
    $
    790,288
    
    
    $
    518,723
    
    
    $
    903,306
    
    
    $
    434,596
  2006
    
    
    2005Non-U.S.
    
    
    
    
    
    
    Non-U.S.U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    PlansProjected benefit obligation in excess of plan assets:Projected benefit obligation
    
    $
    122,350
    
    
    $
    446,652
    
    
    $
    911,808
    
    
    $
    434,117Fair value of plan assets
    
    
    
    
    
    
    271,545
    
    
    
    654,948
    
    
    
    256,790Accumulated benefit obligation in excess of plan assets:Accumulated benefit obligation
    
    $
    122,350
    
    
    $
    186,122
    
    
    $
    860,352
    
    
    $
    321,681Fair value of plan assets
    
    
    
    
    
    
    75,324
    
    
    
    654,948
    
    
    
    200,533
 Investment Strategies
 U.S. Pension Plans
   Non-U.S. Pension Plans
  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)
 Plan Assets
  Pension Plans
 Plan Assets at August 31,2007 Target Allocation
    
    
    2006
    
    
    2005Non-U.S.
    
    
    
    
    
    
    Non-U.S.
    
    
    
    
    
    
    Non-U.S.Asset Category
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    Plans
    
    
    U.S. Plans
    
    
    PlansEquity securities
    
    
    79
    %
    
    
    35-45
    %
    
    
    79
    %
    
    
    44
    %
    
    
    76
    %
    
    
    30
    %Debt securities
    
    
    21
    
    
    
    35-45
    
    
    
    21
    
    
    
    39
    
    
    
    20
    
    
    
    32Cash and short-term investments
    
    
    
    
    
    
    0-5
    
    
    
    
    
    
    
    2
    
    
    
    
    
    
    
    19Insurance contracts
    
    
    
    
    
    
    0-5
    
    
    
    
    
    
    
    13
    
    
    
    
    
    
    
    13Other
    
    
    
    
    
    
    10-15
    
    
    
    
    
    
    
    2
    
    
    
    4
    
    
    
    6Total
    
    
    100
    %
    
    
    n/m
    
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
 
  U.S. Postretirement Plan(1)
 2007 Target
    
    
    Plan Assets at August 31,Asset Category
    
    Allocation
    
    
    2006
    
    
    2005Equity securities
    
    
    39
    %
    
    
    37
    %
    
    
    35
    %Debt securities
    
    
    21
    
    
    
    20
    
    
    
    19Cash and short-term investments
    
    
    40
    
    
    
    43
    
    
    
    46Total
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
 
 (1)
    
    The non-U.S. plans are unfunded and thus the table only relates to the U.S. Plans. Expected Contributions
  Estimated Future Benefit Payments
  Pension Benefits
    
    
    Postretirement BenefitsU.S. Plans
    
    
    Non-U.S. Plans
    
    
    U.S. Plans
    
    
    Non-U.S. Plans2007
    
    $
    16,780
    
    
    $
    13,584
    
    
    $
    2,758
    
    
    $
    3302008
    
    
    18,630
    
    
    
    13,837
    
    
    
    3,260
    
    
    
    4222009
    
    
    20,879
    
    
    
    14,793
    
    
    
    3,785
    
    
    
    4902010
    
    
    23,603
    
    
    
    15,961
    
    
    
    4,287
    
    
    
    5692011
    
    
    26,497
    
    
    
    17,622
    
    
    
    4,923
    
    
    
    6682012-2016
    
    
    182,665
    
    
    
    114,059
    
    
    
    30,420
    
    
    
    5,393
 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)
 Assumed Health Care Cost Trend
  One Percentage Point Increase
    
    
    One Percentage Point Decrease2006
    
    
    2005
    
    
    2006
    
    
    2005Effect on total of service and interest cost components
    
    $
    3,119
    
    
    $
    2,527
    
    
    $
    (2,415
    )
    
    $
    (2,056
    )Effect on year-end postretirement benefit obligation
    
    
    11,526
    
    
    
    22,362
    
    
    
    (9,560
    )
    
    
    (17,375
    )
 Basic Retirement Benefits
  Early Retirement Benefits
  Defined Contribution Plans
    10. SHARE-BASED COMPENSATION
  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)
   Year Ended August 31, 2006Under APBAs Reported
    
    
    No. 25Income before income taxes
    
    $
    1,923,667
    
    
    $
    2,021,574Income before minority interest
    
    
    1,433,132
    
    
    
    1,497,359Net income
    
    
    1,413,924
    
    
    
    1,447,322Cash flows provided by operating activities
    
    
    2,667,989
    
    
    
    2,710,821Cash flows used in financing activities
    
    
    (1,934,467
    )
    
    
    (1,977,299
    )
  Year Ended August 31,2005
    
    
    2004Net income as reported
    
    $
    1,489,369
    
    
    $
    1,212,919Add: Share-based compensation
expense already included in Net
income as reported, net of tax
and minority interest
    
    
    81,710
    
    
    
    55,205Deduct: 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
    )
    
    
    (150,594
    )Subtotal
    
    
    (151,599
    )
    
    
    (95,389
    )Pro forma net income
    
    $
    1,337,770
    
    
    $
    1,117,530
 Share Incentive Plan
   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 Ended August 31,2006
    
    
    2005
    
    
    2004Total share-based compensation expense included in Net income
    
    $
    270,884
    
    
    $
    88,341
    
    
    $
    60,486Income tax benefit related to share-based compensation included in Net income
    
    $
    93,029
    
    
    $
    8,274
    
    
    $
    5,696
 Restricted Share Units
  2006Number of
    
    
    Weighted AverageRestricted Share
    
    
    Grant-Date FairUnits
    
    
    ValueNonvested balance as of August 31, 2005
    
    
    18,122,113
    
    
    $
    26.65Granted
    
    
    19,063,320
    
    
    
    25.73Vested
    
    
    (2,385,703
    )
    
    
    21.80Forfeited
    
    
    (1,390,461
    )
    
    
    21.61Nonvested balance as of August 31, 2006
    
    
    33,409,269
    
    
    $
    23.89
  Stock Options
  Weighted AverageRemainingWeighted Average
    
    
    Contractual Term
    
    
    Aggregate IntrinsicNumber of Options
    
    
    Exercise Price
    
    
    (In Years)
    
    
    ValueOptions outstanding as of August 31, 2005
    
    
    73,848,900
    
    
    $
    18.27
    
    
    
    6.6
    
    
    $
    448,382Granted
    
    
    436,642
    
    
    $
    26.24Exercised
    
    
    (15,009,940
    )
    
    $
    15.84Forfeited
    
    
    (1,693,331
    )
    
    $
    21.90Options outstanding as of August 31, 2006
    
    
    57,582,271
    
    
    $
    18.84
    
    
    
    6.3
    
    
    $
    595,954Options 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
    
    
    $
    412,308Options exercisable as of August 31, 2004
    
    
    36,387,546
    
    
    $
    14.66
    
    
    
    6.0
    
    
    $
    413,345
  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)
  Year Ended August 31,2006
    
    
    2005
    
    
    2004Weighted average grant-date fair value of stock options granted
    
    $
    11.13
    
    
    $
    11.30
    
    
    $
    9.66Total fair value of stock options vested
    
    $
    102,333
    
    
    $
    183,304
    
    
    $
    122,680Total intrinsic value of stock options exercised
    
    $
    197,111
    
    
    $
    89,219
    
    
    $
    112,779
   Year Ended August 31,2006(1)
    
    2005
    
    
    
    
    
    2004Senior
    
    Senior
    
    Other
    
    Senior
    
    OtherExecutives
    
    Executives
    
    Employees
    
    Executives
    
    EmployeesExpected life (in years)
    
    
    7.4
    
    
    
    6.0
    
    
    
    5.0
    
    
    
    6.0
    
    
    
    5.0Risk-free interest rate
    
    
    4.15
    %
    
    
    4.02
    %
    
    
    3.52
    %
    
    
    3.58
    %
    
    
    3.29
    %Expected volatility
    
    
    37
    %
    
    
    41
    %
    
    
    41
    %
    
    
    44
    %
    
    
    44
    %Expected dividend yield
    
    
    1
    %
    
    
    0
    %
    
    
    0
    %
    
    
    0
    %
    
    
    0
    %
 
 (1)
    
    No stock options were granted to Other Employees during fiscal 2006. Share-Based Payment.
 Employee Share Purchase Plan
  Voluntary Equity Investment Program
  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)
 11. SHAREHOLDERS EQUITY
 Class I Common Shares
   Class II and Class III common shares
    Restrictions on the Transfer of Certain Accenture 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)
   12. MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS EQUITY
 Secondary Offerings
   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)
 Share Purchase Activity
   Other Share PurchaseProgramsShares
    
    
    AmountAvailable authorization as of August 31, 2003
    
    
    
    
    
    $
    288,742Purchases and redemptions
    
    
    29,619,979
    
    
    
    (664,338
    )Additional authorizations
    
    
    
    
    
    
    600,000Available authorization as of August 31, 2004
    
    
    
    
    
    
    224,404Purchases and redemptions(1)
    
    
    45,147,483
    
    
    
    (1,103,291
    )Additional authorizations(2)
    
    
    
    
    
    
    2,000,000Available authorization as of August 31, 2005
    
    
    
    
    
    
    1,121,113Purchases and redemptions(3)
    
    
    43,301,787
    
    
    
    (1,179,219
    )Additional authorizations(4)
    
    
    
    
    
    
    1,000,000Available authorization as of August 31, 2006
    
    
    
    
    
    $
    941,894
 
 (1)
    
    Includes the following purchase activity during fiscal 2005: 
    
    44,105,764 Accenture SCA Class I common shares redeemed or purchased for a total cash
outlay of $1,077,736 and 643,325 Accenture Canada Holdings Inc. exchangeable shares
purchased for a total cash outlay of $15,719; and
    
    398,394 shares purchased through the RSU Sell-Back Program for a total cash outlay of
$9,836.
 (2)
    
    On October 15, 2004, an additional $2,000,000 was authorized for redemptions and purchases
under the Companys and Accentures other share purchase programs.(3)
    
    Includes the following purchase activity during fiscal 2006:
 
    
    31,416,894 Accenture SCA Class I common shares redeemed or purchased for a total cash
outlay of $917,705 and 421,194 Accenture Canada Holdings Inc. exchangeable shares purchased
for a total cash outlay of $12,130;
    
    11,231,941 Accenture Ltd Class A common shares purchased by a subsidiary of Accenture
for an aggregate purchase price of $242,725; and
    
    231,758 shares purchased through the RSU Sell-Back Program whereby Accenture offers to
purchase Accenture Ltd Class A common shares awarded to employees pursuant to restricted
share units issued in connection with Accentures initial public offering for a total cash outlay of
$6,659. The RSU Sell-Back Program was terminated, effective March 1, 2006. All remaining
funding authorizations for the RSU Sell-Back Program were reallocated and made available for
use in the Companys and Accentures other share purchase programs.
 (4)
    
    On March 24, 2006, an additional $1,000,000 was authorized for redemptions and purchases
under the Companys and Accentures other share purchase programs.
    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)
 Other Share Purchase Programs
   Dividend
   Class III Common Shares
  August 31, 2006
    
    
    August 31, 2005Title of Issuance
    
    Authorized
    
    
    Issued Shares
    
    
    Amount
    
    
    Issued Shares
    
    
    AmountClass III
    
    
    9,782,549,738
    
    
    
    510,541,809
    
    
    $
    574,648
    
    
    
    437,270,118
    
    
    $
    490,472Class 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
    
    
    
    727,992,071
    
    
    $
    819,962
    
    
    
    654,720,380
    
    
    $
    735,786
 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)
 13. LEASE COMMITMENTS
  August 31,2006
    
    2005
    
    2004Rental expense
    
    $
    413,722
    
    
    $
    371,554
    
    
    $
    287,559Sublease income from third parties
    
    $
    29,249
    
    
    $
    23,485
    
    
    $
    22,806
  Operating
    
    
    OperatingLease
    
    
    SubleasePayments
    
    
    Income2007
    
    $
    338,075
    
    
    $
    (18,657
    )2008
    
    
    286,959
    
    
    
    (28,589
    )2009
    
    
    230,316
    
    
    
    (30,444
    )2010
    
    
    192,327
    
    
    
    (29,051
    )2011
    
    
    178,513
    
    
    
    (30,208
    )Thereafter
    
    
    986,479
    
    
    
    (143,037
    )$
    2,212,669
    
    
    $
    (279,986
    )
 14. COMMITMENTS AND CONTINGENCIES
 Guarantees
     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)
 The NHS Contracts
   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)
 Legal Contingencies
  15. SEGMENT REPORTING
 Disclosures about Segments of an Enterprise
and Related Information
   Comm. &
    
    
    FinancialYear Ended August 31:
    
    High Tech
    
    
    Services
    
    
    Government
    
    
    Products
    
    
    Resources
    
    
    Other
    
    
    Total2006Revenues 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 at 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 at August 31(2)
    
    
    571,292
    
    
    
    81,849
    
    
    
    738,575
    
    
    
    435,515
    
    
    
    315,722
    
    
    
    151,787
    
    
    
    2,294,7402004Revenues before
reimbursements
    
    $
    3,741,451
    
    
    $
    2,770,990
    
    
    $
    1,994,655
    
    
    $
    2,978,892
    
    
    $
    2,178,569
    
    
    $
    9,006
    
    
    $
    13,673,563Depreciation(1)
    
    
    81,739
    
    
    
    66,813
    
    
    
    35,463
    
    
    
    56,112
    
    
    
    39,869
    
    
    
    
    
    
    
    279,996Operating income
    
    
    403,698
    
    
    
    353,904
    
    
    
    311,050
    
    
    
    414,501
    
    
    
    275,473
    
    
    
    
    
    
    
    1,758,626Assets at August 31(2)
    
    
    542,746
    
    
    
    114,207
    
    
    
    581,301
    
    
    
    354,003
    
    
    
    217,217
    
    
    
    133,851
    
    
    
    1,943,325
 
 (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 and Deferred revenues.   Year Ended August 31,Increase (Decrease) to Operating Income
    
    2006
    
    
    2005
    
    
    2004Communications & High Tech
    
    $
    12,609
    
    
    $
    21,274
    
    
    $
    (7,230
    )Financial Services
    
    
    11,864
    
    
    
    20,643
    
    
    
    (6,403
    )Government
    
    
    4,618
    
    
    
    13,335
    
    
    
    (4,247
    )Products
    
    
    10,523
    
    
    
    21,019
    
    
    
    (6,356
    )Resources
    
    
    8,352
    
    
    
    12,986
    
    
    
    (4,655
    )Total
    
    $
    47,966
    
    
    $
    89,257
    
    
    $
    (28,891
    )
 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)
  Year Ended August 31:
    
    Americas
    
    
    EMEA(1)
    
    
    Asia Pacific
    
    
    Total2006Revenues 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 at 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 at August 31
    
    
    267,757
    
    
    
    294,262
    
    
    
    131,691
    
    
    
    693,7102004Revenues before reimbursements
    
    $
    6,133,081
    
    
    $
    6,572,011
    
    
    $
    968,471
    
    
    $
    13,673,563Reimbursements
    
    
    682,087
    
    
    
    627,368
    
    
    
    130,564
    
    
    
    1,440,019Revenues
    
    
    6,815,168
    
    
    
    7,199,379
    
    
    
    1,099,035
    
    
    
    15,113,582Long-lived assets at August 31
    
    
    282,431
    
    
    
    253,323
    
    
    
    108,192
    
    
    
    643,946
 
 (1)
    
    EMEA includes Europe, Middle East and Africa.  August 31,2006
    
    
    2005
    
    
    2004United States
    
    
    39
    %
    
    
    37
    %
    
    
    39
    %United Kingdom
    
    
    13
    
    
    
    17
    
    
    
    16
  August 31,2006
    
    
    2005
    
    
    2004United States
    
    
    40
    %
    
    
    34
    %
    
    
    37
    %United Kingdom
    
    
    13
    
    
    
    20
    
    
    
    12India
    
    
    11
    
    
    
    10
    
    
    
    9
  Year Ended August 31,2006
    
    
    2005
    
    
    2004Consulting
    
    $
    9,892,128
    
    
    $
    9,559,157
    
    
    $
    8,589,645Outsourcing
    
    
    6,754,263
    
    
    
    5,987,872
    
    
    
    5,083,918Revenues before reimbursements
    
    
    16,646,391
    
    
    
    15,547,029
    
    
    
    13,673,563Reimbursements
    
    
    1,581,975
    
    
    
    1,547,391
    
    
    
    1,440,019Revenues
    
    $
    18,228,366
    
    
    $
    17,094,420
    
    
    $
    15,113,582
 F - 37




---



##### 



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, 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
 First
    
    
    Second
    
    
    Third
    
    
    FourthYear Ended August 31, 2005
    
    Quarter
    
    
    Quarter
    
    
    Quarter
    
    
    Quarter
    
    
    AnnualRevenues before reimbursements
    
    $
    3,730,355
    
    
    $
    3,813,522
    
    
    $
    4,078,573
    
    
    $
    3,924,579
    
    
    $
    15,547,029Reimbursements
    
    
    341,017
    
    
    
    402,862
    
    
    
    419,037
    
    
    
    384,475
    
    
    
    1,547,391Revenues
    
    
    4,071,372
    
    
    
    4,216,384
    
    
    
    4,497,610
    
    
    
    4,309,054
    
    
    
    17,094,420Operating income
    
    
    458,150
    
    
    
    471,952
    
    
    
    671,948
    
    
    
    509,188
    
    
    
    2,111,238Net income
    
    $
    316,293
    
    
    $
    336,704
    
    
    $
    481,515
    
    
    $
    354,857
    
    
    $
    1,489,369
 F - 38