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UNITED STATES 
    SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C.
    20549
      FORM 10-K
  (Mark One)þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended August 31, 2007ORo

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:
    001-16565
      ACCENTURE LTD
 (Exact name of registrant as
    specified in its charter)
  Bermuda

98-0341111(State or other jurisdiction
    of
    incorporation or organization)

(I.R.S. Employer Identification
    No.)  Canons Court
 22 Victoria Street
 Hamilton HM 12
    Bermuda
 (Address of principal executive
    offices)
 (441) 296-8262
 (Registrants telephone
    number, including area code)
    Title of Each Class

Name of Each Exchange on Which RegisteredClass A common shares, par value $0.0000225 per share

New York Stock Exchange        Class X common shares, par
    value $0.0000225 per share
  þ o
  o þ
  þ o
  Regulation S-K Form 10-K Form 10-K. o
  Rule 12b-2
 Large accelerated filer
    þ     Accelerated
    filer
    o     Non-accelerated
    filer o
  Rule 12b-2 o þ
      DOCUMENTS
    INCORPORATED BY REFERENCE




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TABLE OF
    CONTENTS
  PagePart IItem 1.


Business


1Item 1A.


Risk Factors


22Item 1B.


Unresolved Staff Comments


39Item 2.


Properties


39Item 3.


Legal Proceedings


40Item 4.


Submission of Matters to a Vote of Security
    Holders


41Part IIItem 5.


Market for Registrants Common Equity,
    Related Shareholder Matters and Issuer Purchases of Equity
    Securities


43Item 6.


Selected Financial Data


46Item 7.


Managements Discussion and Analysis of
    Financial Condition and Results of Operations


47Item 7A.


Quantitative and Qualitative Disclosures about
    Market Risk


72Item 8.


Financial Statements and Supplementary Data


73Item 9.


Changes in and Disagreements with Accountants on
    Accounting and Financial Disclosure


73Item 9A.


Controls and Procedures


73Item 9B.


Other Information


74Part IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


75Item 11.


Executive Compensation


75Item 12.


Security Ownership of Certain Beneficial Owners
    and Management and Related Shareholder Matters


75Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


76Item 14.


Principal Accounting Fees and Services


76Part IVItem 15.


Exhibits, Financial Statement Schedules


76Signatures




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PART I
  Disclosure
    Regarding Forward-Looking Statements
  Form 10-K
  Available
    Information
  Form 10-K, Form 10-Q, Form 8-K Form 10-K.
  1-800-SEC-0330. (http://www.sec.gov)
  Form 10-K,
  ITEM 1.
    BUSINESS  Overview
     1




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Consulting,
    Technology and Outsourcing Services and Solutions
        Operating
    Groups
    Operating GroupsCommunications

Financial& High Tech

Services

Products

Resources

Public Service   Communications

   Banking

   Automotive

   Chemicals

   Public Service   Electronics &
    High Tech

   Capital
    Markets

   Consumer Goods &
    Services

   Energy
       Natural   Media &

   Insurance

   Health & Life

ResourcesEntertainment



Sciences

   Utilities   Industrial Equipment   Retail   Transportation &
    Travel Services  2




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Communications &
    High Tech    
    Communications.  Our Communications
    industry group serves many of the worlds leading wireline,
    wireless, cable and satellite communications network operators
    and service providers. We provide a wide range of services
    designed to help our communications clients increase margins,
    improve asset utilization, improve customer retention, increase
    revenues, reduce overall costs and accelerate sales cycles. We
    offer a suite of reusable solutions, called Accenture
    Communications Solutions, designed to address major business and
    operational issues related to broadband and Internet
    protocol-based networks and services, including business
    intelligence, billing transformation, customer contact
    transformation, sales force transformation, service fulfillment
    and next-generation network optimization. Our Communications
    industry group represented approximately 62% of our
    Communications & High Tech operating groups
    revenues before reimbursements in fiscal 2007.
    Electronics & High Tech.  Our
    Electronics & High Tech industry group serves the
    communications technology, consumer technology, enterprise
    technology, semiconductor, software and aerospace/defense
    segments. This industry group provides services in areas such as
    strategy, enterprise resource management, customer relationship
    management, supply chain management, software development, human
    performance, and merger/acquisition activities, including
    post-merger integration. We also offer a suite of reusable
    solutions, called Accenture High Tech Solutions, designed to
    address the industrys major business and operational
    challenges, such as new product innovation and development,
    customer service and support, sales and marketing, and
    globalization. Our Electronics & High Tech industry
    group represented approximately 30% of our
    Communications & High Tech operating groups
    revenues before reimbursements in fiscal 2007.
    Media & Entertainment.  Our
    Media & Entertainment industry group serves the
    broadcast, entertainment (television, music and movie), print,
    publishing and portal industries. Professionals in this industry
    group provide a wide range of services, including digital
    content solutions designed to help companies effectively manage,
    distribute and protect content across numerous media channels.
    These include Accenture Digital Media Services, which provide a
    comprehensive solution set to leading content owners and
    distributors, helping them adapt their organizations
    business processes and systems to stay ahead of the demand for
    digital content and services. 3




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Financial
    Services    
    Banking.  Our Banking industry group
    works with retail and commercial banks and diversified financial
    enterprises. We help these organizations develop and execute
    strategies to target, acquire and retain customers more
    effectively, expand product and service offerings, comply with
    new regulatory initiatives, and leverage new technologies and
    distribution channels. Our Banking industry group represented
    approximately 56% of our Financial Services operating
    groups revenues before reimbursements in fiscal 2007.
    Capital Markets.  Our Capital Markets
    industry group helps investment banks, broker/dealers,
    asset-management firms, depositories, clearing organizations and
    exchanges improve operational efficiency and transform their
    businesses to increase competitiveness. For example, we help
    clients develop and implement innovative trading,
    asset-management and market-information-management systems and
    solutions.
    Insurance.  Our Insurance industry group
    helps property and casualty insurers, life insurers, reinsurance
    firms and insurance brokers improve business processes,
    modernize their technologies and improve the quality and
    consistency of risk selection decisions. Our Insurance industry
    group offers a claims management capability that enables
    insurers to provide better customer service while optimizing
    claims costs, as well as industry-leading insurance policy
    administration technology solutions that enable insurers to
    bring products to market more quickly and reduce costs. We also
    provide a variety of outsourced solutions to help insurers
    improve working capital and cash flow, deliver permanent cost
    savings and enhance long-term growth.  Products    
    Automotive.  Our Automotive industry
    group works with auto manufacturers, suppliers, dealers,
    retailers and service providers. Professionals in this industry
    group help clients develop and implement innovative solutions
    focused on product development and commercialization, customer
    service and retention, channel strategy and management,
    branding, buyer-driven business models, cost reduction, customer
    relationship management and integrated supplier partnerships.
    Consumer Goods &
    Services.  Our Consumer Goods &
    Services industry group serves food, beverage, household goods
    and personal care, tobacco and footwear/apparel manufacturers
    around the world. We add value to these companies through
    service offerings designed to enhance performance by addressing
    critical elements of success, including sales and marketing
    productivity, customer and consumer insight, working capital
    productivity improvement, supply chain collaboration, and
    overhead productivity improvement. 4




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
    Health & Life Sciences.  Our
    Health & Life Sciences industry group works with
    healthcare providers, government health departments,
    policy-making authorities/regulators, managed care
    organizations, health insurers and pharmaceutical,
    biotechnology, medical products and other industry-related
    companies to improve the quality, accessibility and
    affordability of healthcare. Our key offerings include health
    clinical transformation, electronic health records and hospital
    back-office services in the provider/government segment;
    research and development transformation, commercial
    effectiveness and customer interaction, and integrated
    electronic compliance (manufacturing and supply chain) in the
    pharmaceuticals and medical products segment; and health
    information and data management, claims excellence/cost
    containment and health plan back-office services in the payor
    segment.
    Industrial Equipment.  Our Industrial
    Equipment industry group serves the industrial and electrical
    equipment, construction, consumer durable and heavy equipment
    industries. We help our clients increase operating and supply
    chain efficiencies by improving processes and leveraging
    technology. We also help clients generate value from strategic
    mergers and acquisitions. In addition, our Industrial Equipment
    industry group develops and deploys innovative solutions in the
    areas of channel management, collaborative product design,
    remote field maintenance, enterprise application integration and
    outsourcing.
    Retail.  Our Retail industry group
    serves a wide spectrum of retailers and distributors, including
    supermarkets, specialty premium retailers and large
    mass-merchandise discounters. We provide service offerings that
    help clients address new ways of reaching the retail trade and
    consumers through precision marketing; maximize brand synergies
    and cost reductions in mergers and acquisitions; improve supply
    chain efficiencies through collaborative commerce business
    models; and enhance the efficiency of internal operations.
    Transportation & Travel
    Services.  Our Transportation &
    Travel Services industry group serves companies in the airline,
    freight transportation, third-party logistics, hospitality,
    gaming, car rental, passenger rail and travel distribution
    industries. We help clients develop and implement strategies and
    solutions to improve customer relationship management
    capabilities, operate more-efficient networks, integrate supply
    chains, develop procurement and electronic business marketplace
    strategies, and more effectively manage maintenance, repair and
    overhaul processes and expenses. Through our Navitaire
    subsidiary, we offer airlines a range of transaction-processing
    services on an outsourced basis, including distribution,
    Internet reservations, airport check-in, revenue management and
    accounting, crew scheduling and management, and disruption
    recovery.  Resources    
    Chemicals.  Our Chemicals industry group
    works with a wide cross-section of industry segments, including
    petrochemicals, specialty chemicals, polymers and plastics,
    gases and life science companies. We also have long-term
    outsourcing contracts with many industry leaders. 5




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
    Energy.  Our Energy industry group
    serves a wide range of companies in the oil and gas industry,
    including upstream, downstream and oil services companies. Our
    key areas of focus include helping clients optimize production,
    manage the hydrocarbon supply chain, streamline retail
    operations and realize the full potential of third-party
    enterprise-wide technology solutions. In addition, our
    multi-client outsourcing centers enable clients to increase
    operational efficiencies and exploit cross-industry synergies.
    Our Energy industry group represented approximately 31% of our
    Resources operating groups revenues before reimbursements
    in fiscal 2007.
    Natural Resources.  Our Natural
    Resources industry group serves the forest products and metals
    and mining industries. We help lumber, pulp, papermaking,
    converting and packaging companies, as well as iron, steel,
    aluminum, coal, copper and precious metals companies, develop
    and implement new business strategies, redesign business
    processes, manage complex change initiatives, and integrate
    processes and technologies to achieve higher levels of
    performance.
    Utilities.  Our Utilities industry group
    works with electric, gas and water utilities around the world to
    respond to an evolving and highly competitive marketplace. The
    groups work includes helping utilities transform
    themselves from regulated, and sometimes state-owned, local
    entities to global deregulated corporations, as well as
    developing diverse products and service offerings to help our
    clients deliver higher levels of service to their customers.
    These offerings include customer relationship management,
    workforce enablement, supply chain optimization, and trading and
    risk management. We also provide a range of outsourced
    customer-care services to utilities and retail energy companies
    in North America. Our Utilities industry group represented
    approximately 40% of our Resources operating groups
    revenues before reimbursements in fiscal 2007.  Public
    Service         6




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Growth
    Platforms    Management
    Consulting    
    Customer Relationship Management.  The
    professionals in our Customer Relationship Management
    (CRM) service line help companies acquire, develop
    and retain more profitable customer relationships. We offer a
    full range of innovative capabilities that address every aspect
    of CRM, including marketing, direct and indirect sales, customer
    service, field support and customer contact operations. These
    capabilities include rigorous approaches to improving the return
    on marketing investment, methods for building insight into
    customers purchase habits and service preferences,
    tailoring offers and service treatment based upon that insight,
    and unique methods of optimizing the quality, cost and revenue
    impact of sales and service operations. We use these skills to
    help our clients accelerate growth, improve marketing and sales
    productivity and reduce customer-care coststhus increasing
    the value of their customer relationships and enhancing the
    economic value of their brands.
    Finance & Performance
    Management.  The professionals in our
    Finance & Performance Management service line work
    with our clients finance and business unit executives to
    develop financial transaction processing, risk management and
    business performance reporting capabilities. Among the services
    we provide are strategic consulting on the design and structure
    of the finance function; the establishment of shared service
    centers; and the configuration of enterprise resource planning
    platforms for streamlining transaction processing. Our finance
    capability services also address revenue cycle management,
    billing, credit risk and collection effectiveness, electronic
    invoicing and settlement, tax processing, lending and debt
    recovery. Our performance management services address
    shareholder value targeting, scorecard and performance metrics
    development, performance reporting solutions and applied
    business analytics to improve profitability. Our professionals
    often utilize the resources of Accenture Finance Solutions, one
    of our business process outsourcing (BPO)
    businesses, and work with finance executives to develop and
    implement solutions that help them align their companies
    investments with their business objectives and establish
    security relating to the exchange of information to reporting
    institutions.
    Human Performance.  The professionals in
    our Human Performance service line work with clients on a wide
    range of talent management, workforce and organizational issues
    to deliver improved business and operational results. Our
    integrated approach and end-to-end capabilities include services
    and solutions in organization and change management, human
    resources (HR) administration, learning, knowledge
    management, organizational performance management, talent
    management, HR information technology (IT) systems
    implementation and 7




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overall transformation of key workforces. Through our Human
    Performance service line, we help companies and governments
    improve the efficiency and effectiveness of their HR services
    while lowering associated costs; deliver improvements in
    employee and workforce performance; and transform organizations
    through project-, program- and enterprise-level change
    management.  
    Strategy.  Our Strategy professionals
    combine their strategy and operations experience to help our
    clients turn insights into results at both the enterprise and
    business-unit
    level. With deep skills and capabilities in corporate strategy,
    corporate restructuring, growth and innovation strategies,
    mergers and acquisitions, merger integration, organization
    strategy, pricing strategy and profitability assessment, we help
    clients developand executepragmatic solutions that
    transform organizations and drive sustained high performance.
    Supply Chain Management.  The
    professionals in our Supply Chain Management service line work
    with clients across a broad range of industries to develop and
    implement supply chain and operations strategies that enable
    profitable growth in new and existing markets. Our professionals
    combine global industry expertise and skills in supply chain
    strategy, sourcing and procurement, supply chain planning,
    manufacturing and design, fulfillment and service management to
    help organizations achieve high performance. We work with
    clients to implement innovative consulting and outsourcing
    solutions that align operating models to support business
    strategies; optimize global operations; support profitable
    product launches; and enhance the skills and capabilities of the
    supply chain workforce.  Systems
    Integration and Technology    Systems
    Integration    
    Enterprise Solutions and Enterprise Resource
    Planning.We implement a variety of
    application softwareincluding SAP and Oracle, among
    othersto streamline business processes, systems and
    information and help organizations access, manage and exploit
    data to make more-informed business decisions. Our skilled
    professionals provide planning, implementation and upgrade
    solutions across the primary application software product suites.
    Industry and Functional
    Solutions.  Accenture provides clients with
    robust, large-scale industry and functional solutions based on
    proprietary reusable assets, aggregated into industry solutions,
    such as the Accenture Communications Solutions suite, the
    Accenture Revenue Solution suite for tax offices, as well as
    solutions for major industry-specific requirements.
    Service-Oriented Architecture.  We help
    CIOs and business leaders use service-oriented architecture to
    enable improvement in IT efficiency and a more effective
    alignment between business processes and applications. Accenture
    guides organizations through a four-phased approach for
    designing and building flexible IT solutions that enable
    business process components to be assembled and used more
    efficiently to deliver distinctive business services and
    capabilities for higher performance.
    Complex Solution Architecture.  With
    deep skills and expertise in both J2EE (Java-based) and .NET
    technology architectures, we work with clients to address gaps
    in the functionality provided by commercial packaged
    applications; address technical aspects of the business 8




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
    Mobility Solutions.  We help clients
    develop solutions that give their workforces access to key
    enterprise applicationsincluding online trading and wealth
    management, supply chain management, telematics, radio frequency
    identification, field force enablement and customer relationship
    managementthrough mobile devices
    and/or the
    Internet. These solutions enable clients to improve efficiency,
    lower costs, enhance differentiation and ensure compliance.
    Microsoft Solutions.  Together with our
    alliance partner Microsoft and our Avanade Inc. subsidiary, we
    develop and deliver cost-efficient, innovative business
    solutions based on Microsoft Windows Server and other .NET
    technologies, leveraging our deep industry expertise and
    practical applications of leading-edge technologies.  Technology
    Consulting    
    IT Strategy &
    Transformation.  We help CEOs and CIOs link IT
    investments to business results and help manage those
    investments to ensure that planned business impact is achieved.
    We also help CIOs transform how IT works, both internally and
    with business partners, so that IT is run like a
    business to deliver high performance.
    Information Management Services.  We
    provide services to help organizations manage the full range of
    their information needs to improve data quality, enhance
    decision-making capabilities and meet compliance requirements.
    This includes managing both structured data (business
    intelligence) and unstructured content (content management and
    portals), as well as developing information strategies and data
    architectures.
    Enterprise Architecture.  We provide
    solutions that integrate IT with business capabilities to
    provide a seamless operating environment for organizations. Our
    solutions provide a reference point for measuring both IT
    investment and results, creating the delivery roadmap that
    defines how IT systems need to change to drive future business
    growth and higher performance.
    Infrastructure Consulting Services.  We
    provide solutions to help organizations optimize their IT
    infrastructures while reducing costs. From data center,
    operations engineering and enterprise network design and
    implementation to desktop and security solutions, our services
    enable clients to rationalize, standardize, optimize, secure and
    transform their IT infrastructures for improved performance of
    mission-critical business processes, applications and end users.
    Research &
    Development.  Through Accenture Technology
    Labsour research and development organizationwe use
    new and emerging technologies to develop business solutions that
    we believe will be the drivers of our clients growth and
    enable them to be first to market with unique capabilities. Key
    areas of research and development for clients include
    information insight, collaboration, biometrics, virtualized
    infrastructures, predictive maintenance, Web 2.0 and sensor
    technologies, among others.
    Microsoft Solutions.  Together with our
    alliance partner Microsoft and our Avanade Inc. subsidiary, we
    design and provide cost-efficient, innovative business solutions
    based on Microsoft Windows Server and other .NET technologies,
    leveraging our deep industry expertise and practical
    applications of leading-edge technologies.
    E-Commerce
    Solutions.  We provide clients with solutions
    that move more of their business and internal operations online
    to improve productivity, manage costs and drive revenue growth. 9




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We help clients incorporate next-generation
    e-Commerce
    technologysuch as wikis, blogs, crowd-sourcing and
    mash-ups,
    among othersto create significant opportunities for
    collaboration and sharing with their employees, suppliers and
    customers.  Outsourcing    
    Business Process Outsourcing.  We work
    with clients to develop and deliver business process innovations
    that transform their businesses and deliver higher levels of
    performance and results as well as lower costs. Through our BPO
    services, we manage specific business processes or functions for
    clients, providing solutions that are more efficient and
    cost-effective than if the functions were provided in-house. In
    addition to providing individual BPO services, we can bundle two
    or more business functions to provide clients with even greater
    efficiencies, control and cost savings.    
    Application Outsourcing.  Accenture
    takes a holistic approach to application outsourcing that goes
    beyond traditional cost-cutting measures, helping clients
    improve the total performance of application development and
    maintenance. We provide a wide array of application outsourcing
    services under flexible arrangements, managing custom or
    packaged software applicationsincluding enterprise-wide
    applications such as SAP and Oracleover their complete
    development and maintenance life-cycles. The scope of services
    ranges from standardized, discrete application outsourcing
    services, including application testing, application management
    of enterprise-wide software programs and capacity services, to
    large-scale application enhancement and development for
    individual or multiple applications, as well as application
    portfolio rationalization and consolidation. We can also take
    end-to-end responsibility for all of a clients IT
    function, including infrastructure and operations, leveraging
    our shared services delivery groups and our application and
    infrastructure transformation consulting expertise to deliver
    significant gains in client productivity, providing services
    from a variety of locations, including lower-cost locations.   10




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
    Infrastructure Outsourcing.  We deliver
    an integrated set of managed infrastructure services
    encompassing all infrastructure functionsfrom network
    access and desktop management to remote technology support.
    Services can be delivered as discrete, standalone solutions or
    bundled with Accenture application outsourcing and BPO services.
    Our infrastructure outsourcing services include:  
    IT spend managementAsset management, as well as
    managed procurement and technology spend, to reduce overall IT
    non-salary spending;  
    Data server and multi-function servicesHosting to
    support development and production environments, storage
    services, database management and messaging services;
    Service deskSingle point of contact for support and
    online portal services to resolve frontline issues;
    Security servicesIdentity management, intrusion and
    firewall protection, end-user device and messaging security, and
    policy and awareness;
    Communications servicesData and voice network
    management, optimization and converged services; and
    Workplace servicesLifecycle management for
    desktops, field services and mobile devices, and file and print
    services.  Global
    Delivery Model
  foreign-language
       11




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Alliances
      Research
    and Innovation
      Employees
   12




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




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non-U.S. patents
  Organizational
    Structure
        Accenture
    Ltd Class A Common Shares and Class X Common
    Shares
   14




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Accenture
    SCA Class I Common Shares
    de minimis de
    minimis de minimis. de minimis
 15




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Accenture
    SCA Class II and Class III Common Shares
          Accenture
    Canada Holdings Inc. Exchangeable Shares
    Restrictions
    on the Transfer of Certain Accenture Shares
  Accenture
    Ltd Bye-Laws
  Covered Person Transfer
    Restrictions.
 16




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Current senior executives.
        Total number of Accenture Ltd Class A commonshares held by current employees that arescheduled to become available for transfer1st
    Quarter Fiscal 2008

2,200,6912nd
    Quarter Fiscal 2008

2,031,8903rd
    Quarter Fiscal 2008

2,031,8904th Quarter
    Fiscal 2008

8,347,8091st
    Quarter Fiscal 2009

2,031,8902nd
    Quarter Fiscal 2009

2,031,8903rd
    Quarter Fiscal 2009

2,031,8904th Quarter
    Fiscal 2009

2,033,719   Former senior executives.
 17




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Cumulative percentage of sharespermitted to be transferred

Years after July 24, 200110%

1 year25%

2 years35%

3 years45%

4 years55%

5 years65%

6 years75%

7 years100%

The later of (a) 8 years or (b) end of employment
    by Accenture   
    Notwithstanding the foregoing, covered persons retiring from
    Accenture at the age of 50 or older are permitted to transfer
    covered shares they own on an accelerated basis as follows:  Percentage of remainingtransfer restricted sharesAge at retirement

permitted to be transferred56 or older

100%55

87.5%54

75%53

62.5%52

50%51

37.5%50

25%   
    In addition, a retired senior executive who reaches the age of
    56 is permitted to transfer any covered shares he or she owns.
    Any remaining shares owned by retiring senior executives for
    which transfer restrictions are not released on an accelerated
    basis will be eligible to be transferred as if the retiring
    senior executive continued to be employed by Accenture.
    Covered persons who became disabled before our transition to a
    corporate structure are permitted to transfer all of their
    covered shares. Current and former senior executives who have
    become disabled since our transition to a corporate structure
    are subject to the general transfer restrictions applicable to
    employees or, if disabled after the age of 50, benefit from the
    accelerated lapses of transfer restrictions applicable to
    retired senior executives.       18




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Term and Amendment.
  Waivers and Adjustments.
  
    participate as sellers in underwritten public offerings of
    common shares and tender and exchange offers and share purchase
    programs by Accenture;
    transfer covered shares in family or charitable transfers;
    transfer covered shares held in employee benefit plans; and
    transfer covered shares in particular situations (for example,
    to immediate family members and trusts).    Administration and Resolution of Disputes.
  Articles
    of Association of Accenture SCA
  General.
  Covered Person Transfer Restrictions.
  Current senior executives.
   19




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Total number of Accenture SCAClass I common shares held bycurrent employees that arescheduled to become availablefor transfer1st
    Quarter Fiscal 2008

5,730,1712nd
    Quarter Fiscal 2008

5,148,0043rd
    Quarter Fiscal 2008

5,148,0044th Quarter
    Fiscal 2008

20,504,9211st
    Quarter Fiscal 2009

5,148,0042nd
    Quarter Fiscal 2009

5,148,0043rd
    Quarter Fiscal 2009

5,148,0044th Quarter
    Fiscal 2009

5,152,637   Former senior executives.
 20




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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.
  Waivers and Adjustments.
  
    participate as sellers in underwritten public offerings of
    common shares and tender and exchange offers and share purchase
    programs by Accenture;
    transfer covered shares in family or charitable
    transfers; and
    transfer covered shares in particular situations (for example,
    to immediate family members and trusts).    Other Restrictions.
 21




---



##### 



lock-up
  Administration and Resolution of Disputes.
  Senior
    Executive Ownership Requirements
    Senior
    Executive Trading Policy
    ITEM 1A.
    RISK
    FACTORS    and/or
  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.   22




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##### 



The
    consulting, systems integration and technology, and outsourcing
    markets are highly competitive, and we might not be able to
    compete effectively.    
    Off-shore service providers in lower-cost locations,
    particularly Indian providers, that offer services similar to
    those we offer, often at highly competitive prices;
    Large multinational providers, including the service arms of
    large global technology providers, that offer some or all of the
    consulting, systems integration and technology, and outsourcing
    services that we do;
    Niche solution or service providers that compete with us in a
    specific geographic market, industry segment or service area,
    including companies that provide new or alternative products,
    services or delivery models; and
    Accounting firms that are expanding or re-emphasizing their
    provision of consulting services.        Our
    results of operations could be affected by economic and
    political conditions and the effects of these conditions on our
    clients businesses and levels of business
    activity.   23




---



##### 



Our
    work with government clients exposes us to additional risks
    inherent in the government contracting
    environment.    
    Government entities typically fund projects through appropriated
    monies. While these projects are often planned and executed as
    multi-year projects, the government entities usually reserve the
    right to change the scope of or terminate these projects for
    lack of approved funding and at their convenience. Changes in
    government or political developments could result in our
    projects being reduced in scope or terminated altogether.
    Government entities often reserve the right to audit our
    contract costs, including allocated indirect costs, and conduct
    inquiries and investigations of our business practices with
    respect to our government contracts. If the client finds that
    the costs are not reimbursable, then we will not be allowed to
    bill for them, or the cost must be refunded to the client if it
    has already been paid to us. Findings from an audit also may
    result in our being required to prospectively adjust previously
    agreed rates for our work and may affect our future margins.
    If a government client discovers improper or illegal activities
    in the course of audits or investigations, we may become subject
    to various civil and criminal penalties and administrative
    sanctions, which may include termination of contracts,
    forfeiture of profits, suspension of payments, fines and
    suspensions or debarment from doing business with other agencies
    of that government. The inherent limitations of internal
    controls may not prevent or detect all improper or illegal
    activities, regardless of their adequacy. Additionally, an
    allegation of improper activity, even if not proven, could
    result in adverse publicity and damage to our reputation and
    business.
    Government contracts, and the proceedings surrounding them, are
    often subject to more extensive scrutiny and publicity than
    contracts with commercial clients. Negative publicity related to
    our government contracts, regardless of its accuracy, may
    further damage our business by affecting our ability to compete
    for new contracts.
    Political and economic factors such as pending elections, the
    outcome of recent elections, changes in leadership among key
    executive or legislative decision makers, revisions to
    governmental tax policies and reduced tax revenues can affect
    the number and terms of new government contracts signed.
    Terms and conditions of government contracts tend to be more
    onerous and are often more difficult to negotiate than those for
    commercial contracts.   24




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##### 



Our
    business could be adversely affected if our clients are not
    satisfied with our services.    We
    could be subject to liabilities if our subcontractors or the
    third parties with whom we partner cannot deliver their project
    contributions on time or at all.    Our
    results of operations could be adversely affected if our clients
    terminate their contracts with us on short notice.  project-by-project
 25




---



##### 



Outsourcing
    services are a significant part of our business and subject us
    to operational and financial risk.      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; 26




---



##### 




    competition;
    introduction of new services or products by us or our
    competitors;
    our competitors pricing policies;
    our ability to charge higher prices where market demand or the
    value of our services justifies it;
    our ability to accurately estimate, attain and sustain contract
    revenues, margins and cash flows over long contract periods;
    procurement practices of clients and their use of third-party
    advisors;
    the use by our competitors and our clients of off-shore
    resources to provide lower-cost service delivery
    capabilities; and
    general economic and political conditions.  Our
    profitability could suffer if we are not able to maintain
    favorable utilization rates.    
    our ability to transition employees from completed projects to
    new assignments and to hire and assimilate new employees;
    our ability to forecast demand for our services and thereby
    maintain an appropriate headcount in each of our geographies and
    workforces;
    our ability to manage attrition; and
    our need to devote time and resources to training, professional
    development and other non-chargeable activities.    Our
    business could be negatively affected if we incur legal
    liability in connection with providing our solutions and
    services.   27




---



##### 



If our
    pricing structures do not accurately anticipate the cost and
    complexity of performing our work, then our contracts could be
    unprofitable.  time-and-materials
  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.  agreed-upon
  Our
    alliance relationships may not be successful.    Our
    global operations are subject to complex risks, some of which
    might be beyond our control.   28




---



##### 



Our operating results may be adversely affected by
    fluctuations in foreign currency exchange
    rates.
  
    Because our consolidated financial statements are presented in
    U.S. dollars, we must translate revenues, expenses and
    income, as well as assets and liabilities, into
    U.S. dollars at exchange rates in effect during or at the
    end of each reporting period. Therefore, changes in the value of
    the U.S. dollar against other currencies will affect our
    revenues before reimbursements, operating income and the value
    of balance-sheet items originally denominated in other
    currencies. Declines in the value of other currencies against
    the U.S. dollar could cause our consolidated earnings
    stated in U.S. dollars to be lower than our consolidated
    earnings in local currency and could affect our reported results
    when compared against other periods. Conversely, increases in
    the value of other currencies against the U.S. dollar could
    cause our consolidated earnings stated in U.S. dollars to
    be higher than our consolidated earnings in local currency and
    could affect our reported results when compared against other
    periods. There is no guarantee that our financial results will
    not be adversely affected by currency exchange rate fluctuations.
    In some countries we could be subject to strict restrictions on
    the movement of cash and the exchange of foreign currencies,
    which could limit our ability to use this cash across our global
    operations.
    As we continue to leverage our global delivery model, more of
    our expenses are incurred in currencies other than those in
    which we bill for the related services. An increase in the value
    of certain currencies, such as the Indian rupee, against the
    U.S. dollar could increase costs for delivery of services
    at off-shore sites by increasing labor and other costs that are
    denominated in local currency, and there can be no assurance
    that our contractual provisions or our currency hedging
    activities would offset this impact. This could result in a
    decrease in the profitability of our contracts that are
    utilizing delivery center resources.  International hostilities, terrorist activities, natural
    disasters and infrastructure disruptions could prevent us from
    effectively serving our clients and thus adversely affect our
    operating results.
 29




---



##### 



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. and/or
  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. and/or
  non-U.S. corporations
 30




---



##### 



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.   31




---



##### 



If we
    are unable to collect our receivables or unbilled services, our
    results of operations and cash flows could be adversely
    affected.  and/or
  Our
    services or solutions could infringe upon the intellectual
    property rights of others or we might lose our ability to
    utilize the intellectual property of others.      We
    have only a limited ability to protect our intellectual property
    rights, which are important to our success   32




---



##### 



Tax
    legislation and negative publicity related to Bermuda companies
    could lead to an increase in our tax burden or affect our
    relationships with our clients.      If we
    are unable to manage the organizational challenges associated
    with the size and expansion of our Company, we might be unable
    to achieve our business objectives.   33




---



##### 



We may
    not be successful at identifying, acquiring or integrating other
    businesses or technologies.    Consolidation
    in the industries that we serve could adversely affect our
    business.    Risks
    That Relate to Ownership of Our Class A Common
    Shares
  The
    share price of Accenture Ltd Class A 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.    Our
    current employees hold a large number of shares that will become
    freely tradable in the period leading up to July 24,
    2009  
    At the time of our transition to a corporate structure in 2001,
    many of our senior executives received a substantial number of
    Class A common shares
    and/or
    securities that may be exercisable, redeemable or exchangeable
    for Class A common shares or pursuant to which Class A
    common shares may be delivered to such senior executives. Those
    shares generally remain subject to transfer restrictions that
    lapse with the passage of time through July 24, 2009. See
    BusinessOrganizational StructureRestrictions
    on Transfer of Certain Accenture Shares. 34




---



##### 



Total number of Accenture LtdClass A common shares, SCA Class Icommon shares and AccentureCanada Holdings Inc. exchangeableshares held by current employeesthat are scheduled to becomeavailable for transfer1st
    Quarter Fiscal 2008


7,930,8622nd
    Quarter Fiscal 2008


7,179,8933rd
    Quarter Fiscal 2008


7,179,8934th Quarter
    Fiscal 2008


28,852,7291st
    Quarter Fiscal 2009


7,179,8932nd
    Quarter Fiscal 2009


7,179,8933rd
    Quarter Fiscal 2009


7,179,8934th Quarter
    Fiscal 2009


7,186,356   Our
    former employees hold a large number of shares that will become
    freely tradable after July 24, 2009  
    Our retired and resigned partners continue to hold a large
    number of covered shares. Although some of these are
    unrestricted and currently available for sale and transfer, the
    majority will not be free for sale or transfer until
    July 24, 2009, when the remaining transfer restrictions on
    these shares will lapse. We have on several occasions conducted
    transactions, including discounted tender offers of Accenture
    SCA shares and targeted repurchases of Accenture Ltd shares,
    designed to address the potential impact of the
    build-up of
    shares having transfer restrictions that would otherwise lapse
    on July 24, 2009. However, there is no assurance that 35




---



##### 



tender offers and share repurchases we have conducted to date,
    or other actions we might undertake in the future, will have the
    desired effect of meaningfully reducing the impact of having a
    large number of shares become available for transfer on a common
    date.    Total number of Accenture LtdClass A common shares, SCA Class Icommon shares and AccentureCanada Holdings Inc. exchangeableshares held by former employeesthat are scheduled to becomeavailable for transfer1st
    Quarter Fiscal 2008


2,402,4642nd
    Quarter Fiscal 2008


655,9753rd
    Quarter Fiscal 2008


2,205,2604th Quarter
    Fiscal 2008


8,050,6721st
    Quarter Fiscal 2009


760,5502nd
    Quarter Fiscal 2009


2,234,8873rd
    Quarter Fiscal 2009


2,442,8384th Quarter
    Fiscal 2009


97,639,354   Our
    Senior Executive Trading Policy might not be effective at
    limiting the number of shares sold  
    We maintain a Senior Executive Trading Policy that provides,
    among other things, that covered shares held by actively
    employed senior executives will be subject to company-imposed
    quarterly trading guidelines. We set allocation limits of
    unrestricted covered shares based on a composite average weekly
    volume of trading in Accenture Ltd Class A common shares.
    These guidelines allow us to manage the total number of shares
    redeemed, sold or otherwise transferred by our senior executives
    in any calendar quarter. The policy guidelines, which can be
    adjusted by management, are not legal or contractual
    restrictions, however, and there is a risk that the internal
    sanctions available to us might not adequately dissuade
    individual employees from attempting transfers in excess of the
    amounts permitted under the policy. Additionally, there is a
    risk that this policy creates an adverse incentive for some
    senior executives to retire or to terminate their employment in
    order to sell unrestricted shares that would otherwise be
    governed by these quarterly trading guidelines. This could have
    an adverse effect on our ability to retain talented and
    experienced senior executives.  The sale
    of shares issued under our 2001 Share Incentive Plan could
    have an adverse effect on our share price  
    In addition to the covered shares described above, as of
    October 1, 2007, a total of 50,248,658 of our Class A
    common shares underlying restricted share units were scheduled
    to be delivered during the calendar years indicated below:  Calendar Year

Number of Shares2007


1,041,6032008


6,951,0022009


15,435,5052010


15,024,2802011 and after


11,796,268  36




---



##### 



Calendar Year

Number of Shares2007


43,629After 2007


2,513,320     Our
    share price 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;
    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; 37




---



##### 




    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.    We are
    registered in Bermuda 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.   38




---



##### 



Bermuda
    law differs from the laws in effect in the United States and
    might afford less protection to shareholders.      We
    might be unable to access additional capital on favorable terms
    or at all. If we raise equity capital, it may dilute our
    shareholders ownership interest in us.    
    take advantage of opportunities, including more rapid expansion;
    acquire complementary businesses or technologies;
    repurchase additional shares from our current shareholders;
    develop new services and solutions; or
    respond to competitive pressures.    ITEM 1B.
    UNRESOLVED
    STAFF COMMENTS    ITEM 2.
    PROPERTIES   39




---



##### 



ITEM 3.
    LEGAL
    PROCEEDINGS    back-up
  and/or
  and/or
 40




---



##### 



ITEM 4.
    SUBMISSION
    OF MATTERS TO A VOTE OF SECURITY HOLDERS    Executive
    Officers of the Registrant
    Kevin Campbell,
  Gianfranco Casati,
  Martin I. Cole,
  Anthony G. Coughlan,
  Pamela J. Craig,
  Karl-Heinz Flöther,
 41




---



##### 



Mark Foster,
  Robert N. Frerichs,
  William D. Green,
  Lisa M. Mascolo,
  Pierre Nanterme
  Stephen J. Rohleder,
  Douglas G. Scrivner,
  Alexander M. vant Noordende,
 42




---



##### 



PART II
  ITEM 5.
    MARKET
    FOR REGISTRANTS COMMON EQUITY, RELATED SHAREHOLDER MATTERS
    AND ISSUER PURCHASES OF EQUITY SECURITIES  Price
    Range of Accenture Ltd Class A Common Shares
      Price RangeHigh


LowFiscal 2006First Quarter

$
28.63


$
24.45Second Quarter

$
33.05


$
28.02Third Quarter

$
32.94


$
26.17Fourth Quarter

$
29.66


$
25.68Fiscal
    2007First Quarter

$
35.17


$
28.28Second Quarter

$
39.25


$
33.45Third Quarter

$
41.19


$
34.28Fourth Quarter

$
44.03


$
37.25Fiscal
    2008First Quarter (through October 15, 2007)

$
42.32


$
37.25       Dividend
    Policy
       43




---



##### 



Recent
    Sales of Unregistered Securities
    Purchases
    and redemptions of Accenture Ltd Class A common shares and Class
    X common shares
    Approximate DollarTotal Number of Shares


Value of Shares that MayPurchased as Part of


Yet Be Purchased UnderTotal Number of


Average Price


Publicly Announced


Publicly AnnouncedPeriod

Shares Purchased


Paid per Share


Plans or Programs(1)


Plans or Programs(in millions)June 1, 2007June 30, 2007Class A common shares


11,036


$
41.14






$
978Class X common shares














July 1, 2007July 31, 2007Class A common shares


550,107


$
41.91






$
978Class X common shares


7,176,548


$
0.0000225







August 1, 2007 August 31, 2007Class A common shares


2,015,735


$
39.88



1,988,773


$
900Class X common shares


1,765,321


$
0.0000225







TotalClass A common shares(1)(2)


2,576,878


$
40.32



1,988,773Class X common shares(3)


8,941,869


$
0.0000225



    (1)
    
    Since August 2001, the Board of
    Directors of Accenture Ltd has authorized and periodically
    confirmed a publicly announced open-market share purchase
    program for acquiring Accenture Ltd Class A common shares.
    During the fourth quarter of fiscal 2007, we repurchased an
    aggregate of 1,988,773 Accenture Ltd Class A common shares
    for an aggregate purchase price of $79 million. To date,
    the Board of Directors of Accenture Ltd has authorized an
    aggregate of $2.4 billion for use in these open-market
    share purchases. As of August 31, 2007, an aggregate of
    $900 million remained available for these open-market share
    purchases. The open-market purchase program does not have an
    expiration date.(2)
    
    During the fourth quarter of fiscal
    2007, Accenture purchased 588,105 Accenture Ltd Class A
    common shares in transactions unrelated to publicly announced
    share plans or programs. These transactions consisted of
    acquisitions of Accenture Ltd Class A common shares via
    share withholding for payroll tax obligations due from employees
    and former employees in connection with the delivery of
    Accenture Ltd Class A common shares under our various
    employee equity share plans.(3)
    
    During the fourth quarter of fiscal
    2007, we redeemed 8,941,869 Accenture Ltd Class X common
    shares pursuant to our bye-laws. Accenture Ltd Class X
    common shares are redeemable at their par value of $0.0000225
    per share.  Purchases
    and redemptions of Accenture SCA Class I common shares and
    Accenture Canada Holdings Inc. exchangeable shares
   44




---



##### 



Approximate DollarValue of SharesTotal Number of


that May Yet BeShares Purchased as


Purchased UnderAverage


Part of Publicly


PubliclyTotal Number of


Price Paid


Announced Plans or


Announced PlansPeriod

Shares Purchased (1)


per Share


Programs


or ProgramsAccenture SCAJune 1, 2007June 30, 2007Class I common shares














July 1, 2007July 31, 2007Class I common shares


6,437,510


$
42.36







August 1, 2007August 31, 2007Class I common shares


456,007


$
40.76







TotalClass I common shares(2)(3)


6,893,517


$
42.25







Accenture Canada Holdings Inc.June 1, 2007June 30, 2007Exchangeable shares














July 1, 2007July 31, 2007Exchangeable shares


123,350


$
42.75







August 1, 2007August 31, 2007Exchangeable shares


14,122


$
39.92







TotalExchangeable shares(2)


137,472


$
42.46







    (1)
    
    To date, the Board of Directors of
    Accenture Ltd has authorized an aggregate of $5.7 billion
    for purchases and redemptions of shares from our current and
    former senior executives and their permitted transferees under
    our Senior Executive Trading Policy and our prior Share
    Management Plan. As of August 31, 2007, an aggregate of
    $750 million remained available for these purchases and
    redemptions.(2)
    
    During the fourth quarter of fiscal
    2007, Accenture redeemed and purchased a total of 6,893,517
    Accenture SCA Class I common shares and 137,472 Accenture
    Canada Holdings Inc. exchangeable shares from current and former
    senior executives and their permitted transferees.(3)
    
    In addition to the amounts included
    in this table, during the fourth quarter of fiscal 2007, we also
    redeemed a total of 3,185,481 Accenture SCA Class I common
    shares from current and former senior executives and their
    permitted transferees by issuing an equivalent number of
    Accenture Ltd Class A common shares. See Managements
    Discussion and Analysis of Financial Condition and Results of
    OperationsLiquidity and Capital ResourcesOther Share
    Redemptions.  Purchases
    and redemptions of Accenture SCA Class II and
    Class III common shares
   45




---



##### 



ITEM 6.
    SELECTED
    FINANCIAL DATA    Year Ended August 31,2007


2006(1)(2)


2005(3)


2004(3)


2003(in millions)Income Statement Data:Revenues:Revenues before reimbursements

$
19,696


$
16,646


$
15,547


$
13,673


$
11,818Reimbursements


1,757



1,582



1,547



1,440



1,579Revenues


21,453



18,228



17,094



15,113



13,397Operating expenses:Cost of services:Cost of services before reimbursable expenses


13,654



11,652



10,455



9,057



7,508Reimbursable expenses


1,757



1,582



1,547



1,440



1,579Cost of services


15,411



13,234



12,002



10,497



9,087Sales and marketing


1,904



1,708



1,558



1,488



1,459General and administrative costs


1,619



1,493



1,512



1,340



1,319Reorganization costs (benefits)


26



(48
)


(89
)


29



(19
)Total operating expenses


18,960



16,387



14,983



13,355



11,846Operating income


2,493



1,841



2,111



1,759



1,551Gain on investments, net


18



2



21



3



10Interest income


155



130



108



60



41Interest expense


(25
)


(21
)


(24
)


(22
)


(21
)Other (expense) income


(22
)


(28
)


(11
)






32Equity in losses of affiliates














(2
)


Income before income taxes


2,619



1,924



2,206



1,799



1,613Provision for income taxes


896



491



697



576



566Income before minority interest


1,723



1,433



1,509



1,223



1,047Minority interest


(480
)


(460
)


(568
)


(532
)


(549
)Net income

$
1,243


$
973


$
940


$
691


$
498    (1)
    
    Includes the financial impact of
    the resolution of the NHS matter recorded during fiscal 2006.
    See Managements Discussion and Analysis of Financial
    Condition and Results of OperationsThe NHS Contracts.(2)
    
    Includes the impact of the adoption
    of Statement of Financial Accounting Standards No. 123R,
    Share-Based Payment.For additional
    information, refer to Note 11 (Share-Based Compensation) to
    our Consolidated Financial Statements under Financial
    Statements and Supplementary Data.(3)
    
    May not total due to rounding.  46




---



##### 



Year Ended August 31,2007


2006


2005


2004


2003Weighted Average Class A Common Shares:Basic


604,128,805



589,099,824



588,505,335



553,298,104



468,592,110Diluted


861,923,335



894,257,833



961,124,893



1,003,294,275



997,162,792Earnings Per Class A Common Share:Basic

$
2.06


$
1.65


$
1.60


$
1.25


$
1.06Diluted

$
1.97


$
1.59


$
1.56


$
1.22


$
1.05Dividends per Common Share

$
0.35


$
0.30


$



$



$
   As of August 31,2007


2006


2005


2004


2003(in millions)Balance Sheet Data:Cash and cash equivalents

$
3,315


$
3,067


$
2,484


$
2,553


$
2,332Working capital


1,009



1,418



1,754



1,745



1,729Total assets


10,747



9,497



8,957



8,013



6,459Long-term debt, net of current portion


3



27



44



32



14Shareholders equity


2,063



1,894



1,697



1,472



832   ITEM 7.
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
    OPERATIONS  The following discussion and analysis should be read in
    conjunction with our Consolidated Financial Statements and
    related Notes included elsewhere in this Annual Report on
    Form 10-K.
    This discussion and analysis also contains forward-looking
    statements and should also be read in conjunction with the
    disclosures and information contained in Disclosure
    Regarding Forward-Looking Statements and Risk
    Factors in this Annual Report on
    Form 10-K.
  We use the terms Accenture, we,
    our Company, our and us in
    this report to refer to Accenture Ltd and its subsidiaries. All
    references to years, unless otherwise noted, refer to our fiscal
    year, which ends on August 31. For example, a reference to
    fiscal 2007 means the
    12-month
    period that ended on August 31, 2007. All references to
    quarters, unless otherwise noted, refer to the quarters of our
    fiscal year.
  Overview
     47




---



##### 



48




---



##### 



49




---



##### 



The NHS
    Contracts
    Bookings
    and Backlog
        Critical
    Accounting Policies and Estimates
   50




---



##### 



Revenue
    Recognition
  time-and-materials
  81-1, Accounting for Performance of Construction Type and
    Certain Production-Type Contracts (SOP 81-1).
  Revenue
    Recognition in Financial Statements Revenue Recognition
   51




---



##### 



time-and-materials
  set-up set-up set-up
  00-21, Accounting for Revenue Arrangements with Multiple
    Deliverables,
     52




---



##### 



Income
    Taxes
          Defined
    Benefit Pension Plans
    Employers Accounting for Defined Benefit Pension
    and Other Postretirement Plans, an amendment of FASB Statements
    No. 87, 106, and 132(R)
 53




---



##### 



Employers Accounting
    for Pensions,
    non-U.S. benefit
    Pension Benefits2008


2007


2006Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansDiscount rate


6.25
%


5.08
%


6.50
%


4.68
%


5.25
%


4.28
%Expected return on plan assets


7.50
%


5.97
%


7.50
%


5.67
%


7.50
%


5.57
%Rate of increase in future compensation


4.50
%


3.84
%


4.50
%


3.45
%


4.50
%


3.27
%   Discount
    Rate
  Non-U.S. Plans non-U.S. estimated
 54




---



##### 



Expected
    Return on Plan Assets
  non-U.S. plans
      General
    Non-U.S. pension non-U.S. pension non-U.S. plans
    Revenues
    by Segment/Operating Group
   55




---



##### 



Percent of TotalRevenuesBeforeReimbursementsPercent


for the YearYear Ended


Percent


Increase


EndedAugust 31,


Increase


Local


August 31,2007


2006


US$


Currency


2007


2006(in millions)OPERATING GROUPSCommunications & High Tech

$
4,600


$
4,177



10
%


5
%


23
%


25
%Financial Services


4,357



3,558



22



16



22



22Government


2,561



2,221



15



12



13



13Products


4,913



4,011



23



18



25



24Resources


3,243



2,666



22



17



17



16Other


22



13



n/m



n/m







TOTAL Revenues Before Reimbursements


19,696



16,646



18
%


13
%


100
%


100
%Reimbursements


1,757



1,582



11TOTAL REVENUES

$
21,453


$
18,228



18
%GEOGRAPHYAmericas

$
8,483


$
7,741



10
%


9
%


43
%


46
%EMEA(1)


9,534



7,644



25



16



48



46Asia Pacific


1,679



1,261



33



28



9



8TOTAL Revenues Before Reimbursements

$
19,696


$
16,646



18
%


13
%


100
%


100
%TYPE OF WORKConsulting

$
11,856


$
9,892



20
%


15
%


60
%


59
%Outsourcing


7,840



6,754



16



12



40



41TOTAL Revenues Before Reimbursements

$
19,696


$
16,646



18
%


13
%


100
%


100
%    n/m = not meaningful
  (1)
    
    EMEA includes Europe, the Middle
    East and Africa.    August 31,2007

2006

2005United States


36
%


39
%


37
%United Kingdom


14



13



17  56




---



##### 



Results
    of Operations for the Year Ended August 31, 2007 Compared
    to Year Ended August 31, 2006
  Revenues
               57




---



##### 



Operating
    Expenses
    Cost
    of Services
    Sales
    and Marketing
    General
    and Administrative Costs
    Reorganization
    Costs (Benefits)
   58




---



##### 



and/or
  Operating
    Income
    Year Ended August 31,Effect ofIncrease


Reorganization


Net Increase2007


2006


(Decrease)


Benefits(1)


(Decrease)(in millions)Communications & High Tech

$
582


$
631


$
(49
)

$
17


$
(32
)Financial Services


491



388



103



15



118Government


272



83



189



11



200Products


669



400



269



18



287Resources


479



339



140



11



151Total

$
2,493


$
1,841


$
652


$
72


$
724    (1)
    
    Represents the effect of
    reorganization benefits recorded during the year ended
    August 31, 2006.    
    Communications & High Tech operating income decreased
    due to higher compensation costs and a decline in contract
    margins due to a lower proportion of high-margin consulting
    contracts.
    Financial Services operating income increased due to revenue
    growth, higher utilization and lower sales and marketing costs
    as a percentage of revenues before reimbursements, partially
    offset by higher compensation costs and delivery inefficiencies
    on certain contracts.
    Government operating income increased due to the impact of a
    $225 million loss provision associated with the NHS
    Contracts recorded during the second quarter of fiscal 2006. The
    fiscal 2007 operating income also reflects consulting revenue
    growth and improved consulting contract margins, offset by
    higher compensation costs and asset impairments associated with
    an outsourcing contract recorded during the first quarter of
    fiscal 2007. See The NHS Contracts.
    Products operating income increased due to strong revenue growth
    and lower sales and marketing costs as a percentage of revenue
    before reimbursements, partially offset by higher 59




---



##### 



compensation costs. Operating income also increased due to the
    impact of a $225 million loss provision associated with the
    NHS Contracts recorded during the second quarter of fiscal 2006,
    partially offset by revenue recognized in connection with a
    contract termination in our Retail industry group in the EMEA
    region recorded during the third quarter of fiscal 2006. See
    The NHS Contracts.  
    Resources operating income increased due to strong revenue
    growth and improved contract margins, partially offset by higher
    compensation costs.    Gain
    on Investments, Net
    Interest
    Income
    Other
    Expense
    Provision
    for Income Taxes
    Minority
    Interest
     60




---



##### 



Earnings
    Per Share
    Results
    of Operations for the Year Ended August 31, 2006 Compared
    to Year Ended August 31, 2005
    Percent of TotalRevenuesBeforeReimbursementsPercent


Percent


for the YearYear Ended


Increase


Increase


EndedAugust 31,


(Decrease)


Local


August 31,2006


2005


US$


Currency


2006


2005(in millions)OPERATING GROUPSCommunications & High Tech

$
4,177


$
4,001



4
%


6
%


25
%


26
%Financial Services


3,558



3,408



4



7



22



22Government


2,221



2,172



2



4



13



14Products


4,011



3,570



12



15



24



23Resources


2,666



2,389



12



12



16



15Other


13



7



n/m



n/m







TOTAL Revenues Before Reimbursements


16,646



15,547



7
%


9
%


100
%


100
%Reimbursements


1,582



1,547



2TOTAL REVENUES

$
18,228


$
17,094



7
%GEOGRAPHYAmericas

$
7,741


$
6,730



15
%


14
%


46
%


43
%EMEA


7,644



7,735



(1
)


3



46



50Asia Pacific


1,261



1,082



17



20



8



7TOTAL Revenues Before Reimbursements

$
16,646


$
15,547



7
%


9
%


100
%


100
%TYPE OF WORKConsulting

$
9,892


$
9,559



3
%


6
%


59
%


61
%Outsourcing


6,754



5,988



13



14



41



39TOTAL Revenues Before Reimbursements

$
16,646


$
15,547



7
%


9
%


100
%


100
%    n/m = not meaningful
 61




---



##### 



Revenues
               62




---



##### 



Operating
    Expenses
  Share Based
    Payment
  Cost
    of Services
      Sales
    and Marketing
    General
    and Administrative Costs
    Reorganization
    Benefits
   63




---



##### 



and/or
  Operating
    Income
      Year Ended August 31,Effect of


NetReorganization


Increase2006


2005


Decrease


Adjustments(1)


Benefits(2)


(Decrease)(in millions)Communications & High Tech

$
631


$
673


$
(42
)

$
52


$
11


$
21Financial Services


388



500



(112
)


52



11



(49
)Government


83



169



(86
)


27



6



(53
)Products


400



413



(13
)


52



9



48Resources


339



356



(17
)


35



6



24Total

$
1,841


$
2,111


$
(270
)

$
218


$
43


$
(9
)    (1)
    
    Adjustments represent the estimated
    amounts that would have been incurred had we expensed employee
    stock options and employee share purchase rights for the fiscal
    year ended August 31, 2005. 64




---



##### 



(2)
    
    Reorganization benefits recorded
    during the period were allocated to the reportable operating
    groups as follows:  Year Ended August 31,2006


2005


Change(in millions)Communications & High Tech

$
(17
)

$
(28
)

$
11Financial Services


(15
)


(26
)


11Government


(11
)


(17
)


6Products


(18
)


(27
)


9Resources


(11
)


(17
)


6Total

$
(72
)

$
(115
)

$
43     
    Communications & High Tech operating income increased
    due to revenue growth, principally in our
    Electronics & High Tech industry group across all
    geographic regions and improved gross margins, primarily in the
    EMEA and Asia Pacific regions.
    Financial Services operating income decreased due to lower gross
    margins from increased payroll costs earlier in the year and
    delivery inefficiencies on a small number of contracts,
    partially offset by revenue growth in our Banking industry group
    across all regions and in our Insurance industry group in the
    Americas and Asia Pacific regions.
    Government operating income decreased principally due to the NHS
    Contracts operating losses of $225 million associated
    with the net impact of the NHS Transfer Agreement and the
    second-quarter NHS adjustments, partially offset by strong gross
    margins in outsourcing and increased profitability on certain
    consulting contracts. See  The NHS Contracts.
    Products operating income increased due to strong revenue
    growth, principally in the Americas region, improved gross
    margins, and lower combined sales and marketing and general and
    administrative costs as a percentage of revenues before
    reimbursements. In addition, Products operating income was
    positively affected by revenues recognized in connection with a
    contract termination in our Retail industry group in the EMEA
    region during the third quarter of fiscal 2006. These increases
    were partially offset by the NHS Contracts operating
    losses of $225 million associated with the net impact of
    the NHS Transfer Agreement and the second- quarter NHS
    adjustments. See  The NHS Contracts.
    Resources operating income increased due to strong revenue
    growth in our Energy, Chemicals and Natural Resources industry
    groups across all geographic regions and lower sales and
    marketing costs.  Gain
    on Investments, Net
    Interest
    Income
   65




---



##### 



Other
    Expense
    Provision
    for Income Taxes
    Minority
    Interest
      Earnings
    Per Share
    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. 66




---



##### 



Year Ended August 31,2007 to 20062007(1)


2006


2005


Change(in millions)Net cash provided by (used in):Operating activities

$
2,631


$
2,668


$
1,887


$
(37
)Investing activities


(350
)


(243
)


(575
)


(107
)Financing activities


(2,128
)


(1,944
)


(1,377
)


(184
)Effect of exchange rate changes on cash and cash equivalents


95



102



(4
)


(7
)Net increase (decrease) in cash and cash equivalents

$
247


$
583


$
(69
)

$
(335
)    (1)
    
    May not total due to rounding.  Operating activities:
  Investing activities:
  Financing activities:
   67




---



##### 



Borrowing
    Facilities
    BorrowingsFacility


UnderAmount


Facilities(in millions)Syndicated loan facility(1)

$
1,200


$
Separate bilateral, uncommitted, unsecured multicurrency
    revolving credit facilities(2)


350



1Local guaranteed and non-guaranteed lines of credit(3)


139



Total

$
1,689


$
1    (1)
    
    On July 12, 2007, the maturity
    of our existing $1.2 billion syndicated loan facility was
    extended one year, resulting in a current maturity of
    July 31, 2012. This facility provides unsecured, revolving
    borrowing capacity for general working capital purposes,
    including the issuance of letters of credit. Financing is
    provided under this facility at the prime rate or at the London
    Interbank Offered Rate plus a spread. This facility requires us
    to: (1) limit liens placed on our assets to (a) liens
    incurred in the ordinary course of business (subject to certain
    qualifications) and (b) other liens securing obligations
    not to exceed 30% of our consolidated assets; and
    (2) maintain a debt-to-cash-flow ratio not exceeding 1.75
    to 1.00. We continue to be in compliance with these terms. As of
    August 31, 2007 and 2006, we had no borrowings under the
    facility. The facility is subject to annual commitment fees.(2)
    
    We maintain three separate
    bilateral, uncommitted, unsecured multicurrency revolving credit
    facilities. These facilities provide local-currency financing
    for the majority of our operations. Interest rate terms on the
    bilateral revolving facilities are at market rates prevailing in
    the relevant local markets. As of August 31, 2007 and 2006,
    we had $1 million and $2 million, respectively, of
    borrowings under these facilities.(3)
    
    We also maintain local guaranteed
    and non-guaranteed lines of credit for those locations that
    cannot access our global facilities. As of August 31, 2007
    and 2006, we had no borrowings under these various facilities.      Share
    Purchases and Redemptions
   68




---



##### 



Accenture SCA Class ICommon Shares andAccenture CanadaAccenture Ltd Class A


Holdings Inc.Common Shares


Exchangeable Shares(4)


TotalShares


Amount


Shares


Amount


Shares


Amount(in millions, except share amounts)Open-Market Share Purchases


1,988,773


$
79






$




1,988,773


$
79Discounted Tender Offers(1)










16,538,239



485



16,538,239



485Other Share Purchase Programs


9,858,011



309
(2)


37,640,287



1,382



47,498,298



1,691Other purchases(3)


1,430,629



53











1,430,629



53Total


13,277,413


$
441



54,178,526


$
1,867



67,455,939


$
2,308    (1)
    
    On September 11, 2006,
    Accenture SCA and one of its subsidiaries made a tender offer to
    Accenture SCA Class I common shareholders that resulted in
    share redemptions and purchases, effective October 11,
    2006, of 7,538,172 shares at a price of $24.75 per share,
    resulting in a cash outlay of approximately $187 million.
    On March 8, 2007, Accenture SCA and one of its subsidiaries
    made a tender offer to Accenture SCA Class I common
    shareholders that resulted in share redemptions and purchases,
    effective April 9, 2007, of 9,000,067 shares at a
    price of $33.00 per share, resulting in a cash outlay of
    approximately $298 million.(2)
    
    On November 13, 2006,
    Accenture Finance (Gibraltar) Ltd, an indirect subsidiary of
    Accenture SCA, purchased 1,979,450 Accenture Ltd Class A
    common shares at a price of $24.75 per share, resulting in a
    cash outlay of approximately $49 million. On May 15,
    2007, Accenture Equity Finance B.V., an indirect subsidiary of
    Accenture SCA, purchased 7,878,561 Accenture Ltd Class A
    common shares at a per share price of $33.00 or our local
    currency equivalent based on exchange rates applicable on
    April 4, 2007, resulting in a cash outlay of approximately
    $260 million. Shares in both transactions were purchased
    from certain former senior executives residing outside the
    United States.(3)
    
    During the year ended
    August 31, 2007, as authorized under our various employee
    equity share plans, we acquired Accenture Ltd Class A
    common shares primarily via share withholding for payroll tax
    obligations due from employees and former employees in
    connection with the delivery of Accenture Ltd Class A
    common shares under those plans.(4)
    
    Historically, we have recorded
    redemptions and purchases of Accenture SCA Class I common
    shares and Accenture Canada Holdings Inc. exchangeable shares
    (collectively, Subsidiary Shares) as a reduction to
    Additional
    paid-in-capital.
    During the year ended August 31, 2007, funds used to
    acquire Subsidiary Shares more than offset the available balance
    in Additional
    paid-in-capital.
    As a result, we began deducting incremental purchases of
    Subsidiary Shares from Retained earnings. Future redemptions and
    purchases of Subsidiary Shares will be recorded against
    Additional
    paid-in-capital,
    to the extent it is available, and any incremental purchases
    will be recorded against Retained earnings.    Open-Market
    Purchases
    Other
    Share Redemptions
  Form S-3
 69




---



##### 



Senior
    Executive Ownership Requirements
    Senior
    Executive Trading Policy
    Subsequent
    Development
    Obligations
    and Commitments
    Payments due by periodContractual Cash Obligations

Total


Less than 1 year


1-3 years


3-5 years


More than 5 years(in millions)Long-term debt

$
25


$
23


$
2


$



$
Operating leases


2,305



388



574



360



983Retirement obligations(1)


187



39



64



28



56Other commitments(2)


162



100



53



9



Total

$
2,679


$
550


$
693


$
397


$
1,039    (1)
    
    This represents projected payments
    under certain unfunded retirement plans for former
    pre-incorporation partners. Because both of these plans are
    unfunded, we pay these benefits directly. These plans were
    eliminated for active partners after May 15, 2001.(2)
    
    Other commitments include, among
    other things, information technology, software support and
    maintenance obligations, as well as other obligations in the
    ordinary course of business that we cannot cancel or where we
    would be required to pay a termination fee in the event of
    cancellation. Amounts shown do not include recourse that we may
    have to recover termination fees or penalties from clients. 70




---



##### 



Off-Balance
    Sheet Arrangements
  and/or
  and/or
  Recently
    Adopted Accounting Pronouncements
    Considering the Effects of
    Prior Year Misstatements when Quantifying Misstatements in
    Current Year Financial Statements
  New
    Accounting Pronouncements
   71




---



##### 



ITEM 7A.
    QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK    Foreign
    Currency Risk
      Interest
    Rate Risk
    Equity
    Price Risk
   72




---



##### 



ITEM 8.
    FINANCIAL
    STATEMENTS AND SUPPLEMENTARY DATA  page F-1,
  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  Rule 13a-15(e)
    (b)
    Managements
    Annual Report on Internal Control over Financial
    Reporting      and/or
      Form 10-K.
 73




---



##### 



Form 10-K page F-3.
  (c)
    Changes
    in Internal Control over Financial Reporting    ITEM 9B.
    OTHER
    INFORMATION   74




---



##### 



PART III
  ITEM 10.
    DIRECTORS,
    EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE  Form 10-K.
    ITEM 11.
    EXECUTIVE
    COMPENSATION    ITEM 12.
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
    RELATED SHAREHOLDER MATTERS   75




---



##### 



Securities
    Authorized for Issuance under Equity Compensation
    Plans
    Number of SharesNumber of Shares





Remaining Availableto be Issued Upon





for Future IssuanceExercise of


Weighted-Average


Under EquityOutstanding


Exercise Price of


Compensation PlansOptions,


Outstanding


(ExcludingWarrants and


Options, Warrants


Securities ReflectedPlan Category

Rights


and Rights


in 1st Column)Equity compensation plans approved by shareholders:2001 Share Incentive Plan


94,649,531
(1)

$
19.10



154,407,5722001 Employee Share Purchase Plan






N/A



27,291,328Equity compensation plans not approved by shareholders






N/A



Total


94,649,531







181,698,900    (1)
    
    Consists of 42,872,677 stock
    options with a weighted average exercise price of $19.10 per
    share and 51,776,854 restricted share units.  ITEM 13.
    CERTAIN
    RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
    INDEPENDENCE    ITEM 14.
    PRINCIPAL
    ACCOUNTING FEES AND SERVICES    PART IV
  ITEM 15.
    EXHIBITS,
    FINANCIAL STATEMENT SCHEDULES    1.
    Financial Statements as of August 31, 2007 and
    August 31, 2006 and for the three years ended
    August 31, 2007Included in Part II of this
    Form 10-K:           76




---



##### 



2.
    Financial Statement Schedules:    3.
    Exhibit Index:  ExhibitNumber

Exhibit3
.1

Memorandum of Continuance of the Registrant, dated February 21,
    2001 (incorporated by reference to Exhibit 3.1 to the
    Registrants Registration Statement on Form S-1/A filed on
    July 2, 2001 (the July 2, 2001 Form S-1/A)).3
.2

Form of Bye-laws of the Registrant, 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 the
    Registrant and the covered persons party thereto as amended and
    restated as of February 3, 2005 (incorporated by reference to
    Exhibit 9.1 to the February 28, 2005 10-Q).10
.1

Form of Non-Competition Agreement, dated as of April 18, 2001,
    among the Registrant and certain employees (incorporated by
    reference to Exhibit 10.2 to the Registrants Registration
    Statement on
    Form S-1
    filed on April 19, 2001 (the April 19, 2001 Form
    S-1).10
.2

2001 Share Incentive Plan (incorporated by reference to
    Exhibit 10.3 to the Registrants Registration Statement on
    Form S-1/A filed on July 12, 2001).10
.3

2001 Employee Share Purchase Plan (incorporated by reference to
    Exhibit 10.1 to the November 30, 2001 10-Q).10
.4

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).10
.5

Form of Accenture SCA Transfer Rights Agreement, dated as of
    April 18, 2001, among Accenture SCA and the covered persons
    party thereto as amended and restated as of February 3, 2005
    (incorporated by reference to Exhibit 10.2 to the February 28,
    2005 10-Q).10
.6

Form of Non-Competition Agreement, dated as of April 18, 2001,
    among Accenture SCA and certain employees (incorporated by
    reference to Exhibit 10.7 to the April 19, 2001 Form S-1).10
.7

Form of Letter Agreement, dated April 18, 2001, between
    Accenture SCA and certain shareholders of Accenture SCA
    (incorporated by reference to Exhibit 10.8 to the April 19, 2001
    Form S-1).10
.8

Form of Support Agreement, dated as of May 23, 2001, between the
    Registrant and Accenture Canada Holdings Inc. (incorporated by
    reference to Exhibit 10.9 to the July 2, 2001 Form S-1/A).10
.9

Form of Employment Agreement of Messrs. Campbell, Cole,
    Coughlan, Frerichs, Green, Rohleder and Scrivner and Mses. Craig
    and Mascolo (incorporated by reference to Exhibit 10.10 to the
    Registrants Registration Statement on Form S-1/A filed on
    June 8, 2001 (the June 8, 2001
    S-1/A)).10
.10

Form of Employment Agreement of Karl-Heinz Flöther
    (incorporated by reference to Exhibit 10.3 to the November 30,
    2001 10-Q).10
.11

Form of Employment Agreement of Mr. Foster (incorporated by
    reference to Exhibit 10.8 to the November 30, 2001 10-Q).10
.12

Form of Employment Agreement of Gianfranco Casati (English
    translation) (incorporated by reference to Exhibit 10.13 to the
    August 31, 2006 10-K).10
.13

Form of Employment Agreement of Alexander van t Noordende
    (English translation) (incorporated by reference to Exhibit
    10.14 to the August 31, 2006 10-K).10
.14

Form of Employment Agreement of Pierre Nanterme (English
    translation) (filed herewith).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). 77




---



##### 



ExhibitNumber

Exhibit10
.16

Form of Exchange Trust Agreement by and between the Registrant
    and Accenture Canada Holdings Inc. and CIBC Mellon Trust
    Company, made as of May 23, 2001 (incorporated by reference to
    Exhibit 10.12 to the July 2, 2001 Form S-1/A).10
.17

Form of Transfer Restriction Agreement dated as of October 1,
    2002 among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to Exhibit 9.1 to
    the November 30, 2002 10-Q).10
.18

Form of Transfer Restriction Agreement dated as of October 1,
    2002 among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to Exhibit 9.1 to
    Accenture SCAs November 30, 2002 10-Q).10
.19

Form of First Amendment, dated as of May 1, 2003, to Transfer
    Restriction Agreement dated as of October 1, 2002 among
    Accenture Ltd and the transferors and transferees signatory
    thereto (incorporated by reference to Exhibit 99.(d)(13) to
    Accenture SCAs and Accenture International SARLs
    Schedule TO filed on September 30, 2003).10
.20

Form of First Amendment, dated as of May 1, 2003, to Transfer
    Restriction Agreement dated as of October 1, 2002 among
    Accenture SCA and the transferors and transferees signatory
    thereto (incorporated by reference to Exhibit 99.(d)(14) to
    Accenture SCAs and Accenture International SARLs
    Schedule TO filed on September 30, 2003).10
.21

Form of Second Amendment, dated as of October 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002 among
    Accenture Ltd and the transferors and transferees signatory
    thereto (incorporated by reference to Exhibit 99.(d)(15) to
    Accenture SCAs and Accenture International SARLs
    Schedule TO filed on April 29, 2004).10
.22

Form of Second Amendment, dated as of October 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002 among
    Accenture SCA and the transferors and transferees signatory
    thereto (incorporated by reference to Exhibit 99.(d)(16) to
    Accenture SCAs and Accenture International SARLs
    Schedule TO filed on April 29, 2004).10
.23

Form of Ltd Transfer Restriction Agreement for the Accenture
    Family and Charitable Transfer Program dated as of April 1, 2005
    among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to Exhibit 10.3 to
    the May 31, 2005 10-Q).10
.24

Form of SCA Transfer Restriction Agreement for the Accenture
    Family and Charitable Transfer Program dated as of April 1, 2005
    among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to Exhibit 10.2 to
    the May 31, 2005 10-Q).10
.25

Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture Ltd) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture Ltd and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.5 to the May 31, 2005 10-Q).10
.26

Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture SCA) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture SCA and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.4 to the May 31, 2005 10-Q).10
.27

Form of Restricted Share Unit Agreement for senior executives
    pursuant to the Accenture Ltd 2001 Share Incentive Plan
    (incorporated by reference to Exhibit 4.1 to the November 30,
    2004 10-Q).10
.28

Form of Nonqualified Share Option Agreement for senior
    executives pursuant to the Accenture Ltd 2001 Share
    Incentive Plan (incorporated by reference to Exhibit 4.2 to the
    November 30, 2004 10-Q).10
.29

Form of Key Executive Performance-Based Award Restricted Share
    Unit Agreement pursuant to Accenture Ltd 2001 Share
    Incentive Plan (incorporated by reference to Exhibit 10.1 to the
    February 28, 2007 10-Q). 78




---



##### 



ExhibitNumber

Exhibit10
.30

Form of Senior Officer Performance Equity Award Restricted Share
    Unit Agreement pursuant to Accenture Ltd 2001 Share
    Incentive Plan (incorporated by reference to Exhibit 10.2 to the
    February 28, 2007 10-Q).10
.31

Form of Senior Leadership Equity Award Restricted Share Unit
    Agreement pursuant to Accenture Ltd 2001 Share Incentive
    Plan (incorporated by reference to Exhibit 10.3 to the February
    28, 2007 10-Q).10
.32

Form of Voluntary Equity Investment Program Matching Grant
    Restricted Share Unit Agreement pursuant to Accenture Ltd
    2001 Share Incentive Plan (incorporated by reference to
    Exhibit 10.4 to the February 28, 2007 10-Q).10
.33

Description of Annual Bonus Plan (incorporated by reference to
    Exhibit 10.1 to the February 28, 2006 10-Q).21
.1

Subsidiaries of the Registrant (filed herewith).23
.1

Consent of KPMG LLP (filed herewith).23
.2

Consent of KPMG LLP related to the Accenture Ltd 2001 Employee
    Share Purchase Plan (filed herewith).24
.1

Power of Attorney (included on the signature page hereto).31
.1

Certification of the Chief Executive Officer 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 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 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 pursuant to
    18 U.S.C. Section 1350, as adopted pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002 (filed herewith).99
.1

Accenture Ltd 2001 Employee Share Purchase Plan Financial
    Statements (filed herewith).  79




---



##### 



SIGNATURES
    Accenture Ltd
  By:
    /s/  William
    D. Green     POWER OF
    ATTORNEY
  Form 10-K
    Signature

Title/s/  William
    D. GreenWilliam
    D. Green

Chief Executive Officer, 
    Chairman of the Board and Director
    (principal executive officer)/s/  Dina
    DublonDina
    Dublon

Director/s/  Dennis
    F. HightowerDennis
    F. Hightower

Director/s/  Nobuyuki
    IdeiNobuyuki
    Idei

Director




---



##### 



Signature

Title/s/  William
    L. KimseyWilliam
    L. Kimsey

Director/s/  Robert
    I. LippRobert
    I. Lipp

Director/s/  Marjorie
    MagnerMarjorie
    Magner

Director/s/  Blythe
    J. McGarvieBlythe
    J. McGarvie

Director/s/  Sir
    Mark Moody-StuartSir
    Mark Moody-Stuart

Director/s/  Wulf
    von SchimmelmannWulf
    von Schimmelmann

Director/s/  Pamela
    J. CraigPamela
    J. Craig

Chief Financial Officer
    (principal financial officer)/s/  Anthony
    G. CoughlanAnthony
    G. Coughlan

Principal Accounting Officer and Controller
    (principal accounting officer)




---



##### 



ACCENTURE
    LTD
  INDEX TO
    CONSOLIDATED FINANCIAL STATEMENTS
  PageReport of Independent Registered Public
    Accounting Firm


F-2Consolidated Financial Statements as of August 31, 2007 and
    2006 and for the three years ended August 31, 2007:Consolidated Balance Sheets


F-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 Board of Directors and Shareholders
 Accenture Ltd:
  Internal
    ControlIntegrated Framework
         F-2




---



##### 



three-year Internal ControlIntegrated Framework
       F-3




---



##### 



ACCENTURE
    LTD
  CONSOLIDATED
    BALANCE SHEETS
  August 31,
    2007 and 2006
    (In thousands of U.S. dollars, except share and per share
    amounts)
  2007


2006ASSETSCURRENT ASSETS:Cash and cash equivalents

$
3,314,396


$
3,066,988Short-term investments


231,278



352,951Receivables from clients, net


2,409,299



1,916,450Unbilled services, net


1,290,035



1,187,249Deferred income taxes, net


318,172



187,720Other current assets


407,998



479,501Total current assets


7,971,178



7,190,859NON-CURRENT ASSETS:Unbilled services, net


63,995



105,081Investments


81,935



125,119Property and equipment, net of accumulated depreciation of
    $1,556,146 and $1,359,978, respectively


808,069



727,692Goodwill


643,728



527,648Deferred income taxes, net


389,858



392,211Other non-current assets


788,399



428,882Total non-current assets


2,775,984



2,306,633TOTAL ASSETS

$
10,747,162


$
9,497,492LIABILITIES AND SHAREHOLDERS EQUITYCURRENT LIABILITIES:Current portion of long-term debt and bank borrowings

$
23,795


$
24,792Accounts payable


985,071



856,087Deferred revenues


1,785,286



1,467,480Accrued payroll and related benefits


2,274,098



1,693,796Income taxes payable


942,310



722,096Deferred income taxes, net


39,078



49,870Other accrued liabilities


912,978



958,582Total current liabilities


6,962,616



5,772,703NON-CURRENT LIABILITIES:Long-term debt


2,565



27,065Retirement obligation


494,416



492,555Deferred income taxes, net


31,758



16,880Other non-current liabilities


452,289



426,156Total non-current liabilities


981,028



962,656COMMITMENTS AND CONTINGENCIESMINORITY INTEREST


740,186



867,878SHAREHOLDERS EQUITY:Preferred shares, 2,000,000,000 shares authorized, zero
    shares issued and outstanding






Class A common shares, par value $0.0000225 per share,
    20,000,000,000 shares authorized, 635,108,578 and
    617,565,722 shares issued as of August 31, 2007 and
    August 31, 2006, respectively


14



14Class X common shares, par value $0.0000225 per share,
    1,000,000,000 shares authorized, 162,629,929 and
    245,006,562 shares issued and outstanding as of
    August 31, 2007 and August 31, 2006, respectively


4



6Restricted share units


649,475



482,289Additional paid-in capital






701,006Treasury shares, at cost, 39,187,569 and 36,990,533 shares
    as of August 31, 2007 and August 31, 2006, respectively


(1,033,025
)


(869,957
)Retained earnings


2,362,703



1,607,391Accumulated other comprehensive income (loss)


84,161



(26,494
)Total shareholders equity


2,063,332



1,894,255TOTAL LIABILITIES AND SHAREHOLDERS EQUITY

$
10,747,162


$
9,497,492   The accompanying Notes are an
    integral part of these Consolidated Financial Statements.
 F-4




---



##### 



ACCENTURE
    LTD
  CONSOLIDATED
    INCOME STATEMENTS
  For the
    Years Ended August 31, 2007, 2006 and 2005
    (In thousands of U.S. dollars, except share and per share
    amounts)
  2007


2006


2005REVENUES:Revenues before reimbursements

$
19,695,814


$
16,646,391


$
15,547,029Reimbursements


1,756,933



1,581,975



1,547,391Revenues


21,452,747



18,228,366



17,094,420OPERATING EXPENSES:Cost of services:Cost of services before reimbursable expenses


13,654,341



11,652,216



10,454,650Reimbursable expenses


1,756,933



1,581,975



1,547,391Cost of services


15,411,274



13,234,191



12,002,041Sales and marketing


1,903,990



1,708,392



1,558,446General and administrative costs


1,618,498



1,492,690



1,511,952Reorganization costs (benefits), net


26,366



(47,966
)


(89,257
)Total operating expenses


18,960,128



16,387,307



14,983,182OPERATING INCOME


2,492,619



1,841,059



2,111,238Gain on investments, net


18,532



2,018



21,468Interest income


154,566



129,547



108,236Interest expense


(25,036
)


(21,146
)


(23,973
)Other expense


(21,763
)


(27,811
)


(10,967
)INCOME BEFORE INCOME TAXES


2,618,918



1,923,667



2,206,002Provision for income taxes


895,861



490,535



697,097INCOME BEFORE MINORITY INTEREST


1,723,057



1,433,132



1,508,905Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc.


(453,917
)


(447,382
)


(556,485
)Minority interestother


(25,992
)


(12,421
)


(11,946
)NET INCOME

$
1,243,148


$
973,329


$
940,474Weighted average Class A common shares:Basic


604,128,805



589,099,824



588,505,335Diluted


861,923,335



894,257,833



961,124,893Earnings per Class A common share:Basic

$
2.06


$
1.65


$
1.60Diluted

$
1.97


$
1.59


$
1.56Cash dividends per share

$
0.35


$
0.30


$
   The accompanying Notes are an
    integral part of these Consolidated Financial Statements.
 F-5




---



##### 



ACCENTURE
    LTD
  CONSOLIDATED
    SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME
    STATEMENTS
  For the
    Years Ended August 31, 2007, 2006 and 2005
    (In thousands of U.S. dollars and in thousands of share
    amounts)
  Class A


Class XCommon


Common

















AccumulatedShares


Shares





Additional


Treasury Shares





OtherPreferred





No.





No.


Restricted


Paid-in





No.


Retained


ComprehensiveShares


$


Shares


$


Shares


Share Units


Capital


$


Shares


Earnings


Income (Loss)


TotalBalance as of August 31, 2004

$



$
13



591,497


$
9



365,325


$
324,463


$
1,643,652


$
(429,207
)


(19,218
)

$
46,636


$
(113,760
)

$
1,471,806Comprehensive income:Net income






































940,474







940,474Other comprehensive loss:Unrealized losses on marketable securities, net of
    reclassification adjustments










































(2,743
)


(2,743
)Foreign currency translation adjustments










































(20,284
)


(20,284
)Minimum pension liability adjustment, net of tax










































(95,697
)


(95,697
)Other comprehensive loss










































(118,724
)Comprehensive income














































821,750Income tax benefit on:Share-based compensation plans


























75,532



















75,532Costs related to issuance of shares


























8,846



















8,846Contract termination






































134







134Purchases of Class A common shares










(562
)














(13,286
)


(503,088
)


(21,497
)










(516,374
)Share-based compensation expense






















87,640



701



















88,341Purchases/redemptions of Accenture SCA Class I common
    shares, Accenture Canada Holdings Inc. exchangeable shares and
    Class X common shares














(2
)


(44,237
)






(1,095,155
)


















(1,095,157
)Issuances of Class A common shares related to employee
    share programs










11,771











(46,395
)


197,967



168,613



8,449



(24,905
)






295,280Transaction fees


























3,427



















3,427Minority interest


























543,329



















543,329Balance as of August 31, 2005

$



$
13



602,706


$
7



321,088


$
365,708


$
1,365,013


$
(763,682
)


(32,266
)

$
962,339


$
(232,484
)

$
1,696,914Comprehensive income:Net income






































973,329







973,329Other 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














































1,179,319 F-6




---



##### 



Class A


Class XCommon


Common

















AccumulatedShares


Shares





Additional


Treasury Shares





OtherPreferred





No.





No.


Restricted


Paid-in





No.


Retained


ComprehensiveShares


$


Shares


$


Shares


Share Units


Capital


$


Shares


Earnings


Income (Loss)


TotalIncome tax benefit on:Share-based compensation plans


























100,508



















100,508Contract termination






































497







497Purchases of Class A common shares










(581
)














(16,192
)


(366,481
)


(15,470
)










(382,673
)Share-based compensation expense






















152,158



112,952



















265,110Purchases/redemptions of Accenture SCA Class I common
    shares, Accenture Canada Holdings Inc. exchangeable shares and
    Class X common shares














(1
)


(76,081
)






(1,704,353
)


















(1,704,354
)Issuances of Class A common shares related to employee
    share programs






1



15,441











(49,141
)


273,089



260,206



10,745



(47,237
)






436,918Dividends






















13,564















(281,537
)






(267,973
)Minority interest


























569,989



















569,989Balance as of August 31, 2006

$



$
14



617,566


$
6



245,007


$
482,289


$
701,006


$
(869,957
)


(36,991
)

$
1,607,391


$
(26,494
)

$
1,894,255Adoption of FASB Statement No. 158, net of tax










































26,053



26,053Comprehensive income:Net income






































1,243,148







1,243,148Other comprehensive income:Unrealized gains on marketable securities, net of
    reclassification adjustments










































2,165



2,165Foreign currency translation adjustments










































84,474



84,474Minimum pension liability adjustment, net of tax










































(2,037
)


(2,037
)Other comprehensive income










































84,602Comprehensive income














































1,327,750Income tax benefit on:Share-based compensation plans


























27,469



















27,469Contract termination






































31







31Purchases of Class A common shares










(759
)














(21,559
)


(412,918
)


(12,518
)


(6,372
)






(440,849
)Share-based compensation expense






















242,435



62,128



















304,563Purchases/redemptions of Accenture SCA Class I common
    shares, Accenture Canada Holdings Inc. exchangeable shares and
    Class X common shares














(2
)


(82,377
)






(1,706,399
)










(160,697
)






(1,867,098
)Issuances of Class A common shares:Employee share program










15,116











(89,846
)


338,763



249,850



10,321



(10,517
)






488,250Upon redemption of Accenture SCA Class Icommon shares










3,186



































Dividends






















14,597



2,625











(310,281
)






(293,059
)Minority interest


























595,967



















595,967Balance as of August 31, 2007

$



$
14



635,109


$
4



162,630


$
649,475


$



$
(1,033,025
)


(39,188
)

$
2,362,703


$
84,161


$
2,063,332   The accompanying Notes are an
    integral part of these Consolidated Financial Statements.
 F-7




---



##### 



ACCENTURE
    LTD
  CONSOLIDATED
    CASH FLOWS STATEMENTS
  For the
    Years Ended August 31, 2007, 2006 and 2005
    (In thousands of U.S. dollars)
  2007


2006


2005CASH FLOWS FROM OPERATING ACTIVITIES:Net income

$
1,243,148


$
973,329


$
940,474Adjustments to reconcile Net income to Net cash provided by
    operating activitiesDepreciation, amortization and asset impairments


444,499



351,947



282,073Reorganization costs (benefits), net


26,366



(47,966
)


(89,257
)Share-based compensation expense


306,795



270,884



88,341Deferred income taxes, net


(107,673
)


(223,637
)


63,139Minority interest


479,909



459,803



568,431Other, net


(14,769
)


(1,163
)


(13,110
)Change in assets and liabilities, net of acquisitions
    Receivables from clients, net


(410,953
)


(90,458
)


(59,460
)Other current assets


3,058



35,755



12,399Unbilled services, current and non-current


(7,476
)


400,142



(596,984
)Other non-current assets


(359,805
)


(12,655
)


(24,853
)Accounts payable


107,533



48,157



270,499Deferred revenues


274,421



130,504



334,121Accrued payroll and related benefits


529,762



228,688



(60,147
)Income taxes payable


169,783



(68,961
)


115,950Other accrued liabilities


(163,624
)


233,961



29,714Other non-current liabilities


109,591



(20,341
)


25,751Net cash provided by operating activities


2,630,565



2,667,989



1,887,081CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from maturities and sales of available-for-sale
    investments


885,463



657,629



944,484Purchases of available-for-sale investments


(693,733
)


(401,181
)


(1,019,317
)Proceeds from sales of property and equipment


14,549



13,951



6,318Purchases of property and equipment


(364,371
)


(306,174
)


(317,772
)Purchases of businesses and investments, net of cash acquired


(192,356
)


(210,985
)


(188,469
)Proceeds from sale of business, net of cash transferred






4,260



Net cash used in investing activities


(350,448
)


(242,500
)


(574,756
)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of common shares


488,250



436,918



298,707Purchases of common shares


(2,307,947
)


(2,087,027
)


(1,625,097
)Proceeds from long-term debt


2,225



7,669



6,061Repayments of long-term debt


(26,620
)


(23,983
)


(9,467
)Proceeds from short-term borrowings


39,080



40,269



61,834Repayments of short-term borrowings


(40,554
)


(52,657
)


(71,043
)Cash dividends paid


(293,059
)


(267,973
)


Excess tax benefits from share-based payment arrangements


56,178



42,832



Other, net


(45,259
)


(40,515
)


(38,453
)Net cash used in financing activities


(2,127,706
)


(1,944,467
)


(1,377,458
)Effect of exchange rate changes on cash and cash equivalents


94,997



101,976



(3,835
)NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS


247,408



582,998



(68,968
)CASH AND CASH EQUIVALENTS,beginning of period


3,066,988



2,483,990



2,552,958CASH AND CASH EQUIVALENTS,end of period

$
3,314,396


$
3,066,988


$
2,483,990Supplemental cash flow informationInterest paid

$
24,847


$
20,837


$
23,597Income taxes paid

$
798,286


$
768,313


$
573,026   The accompanying Notes are an
    integral part of these Consolidated Financial Statements.
 F-8




---



##### 



ACCENTURE
    LTD
  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
    and/or
  Use of
    Estimates
   F-9




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Reclassifications
    Revenue
    Recognition
  81-1, Accounting for Performance of Construction-Type and
    Certain Production-Type Contracts (SOP 81-1).
  Revenue Recognition in
    Financial Statements Revenue
    Recognition
   F-10




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  time-and-materials
  set-up set-up set-up
  00-21, Accounting for Revenue Arrangements with Multiple
    Deliverables,
     F-11




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Operating
    Expenses
    Year Ended August 31,2007


2006


2005Training costs

$
775,768


$
680,662


$
546,248Research and development costs


307,357



298,354



243,449Advertising costs


94,404



68,810



65,902Provision for (release of) doubtful accounts


9,441



9,389



(3,849
)     Employee
    Share-Based Compensation Arrangements
  Share-Based Payment Accounting for Stock-Based Compensation Accounting for Stock Issued to
    Employees
  Income
    Taxes
    Translation
    of Non-U.S.
    Currency Amounts
  non-U.S. subsidiaries
 F-12




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Foreign
    Exchange Instruments
  Accounting for Derivative
    Instruments and Hedging Activities
  Cash and
    Cash Equivalents
    Client
    Receivables, Client Financing and Allowances
    Concentrations
    of Credit Risk
   F-13




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Investments
    Property
    and Equipment
    Buildings

20 to 25 yearsComputers, related equipment and software

2 to 7 yearsFurniture and fixtures

5 to 10 yearsLeasehold improvements

Lesser of lease term
    or 15 years   Long-Lived
    Assets
    Recently
    Adopted Accounting Pronouncements
  Employers Accounting for Defined Benefit Pension
    and Other Postretirement Plans, an amendment of FASB Statements
    No. 87, 106, and 132(R) Employers Accounting for
    Pensions,
 F-14




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
      Considering the Effects of Prior Year Misstatements
    when Quantifying Misstatements in Current Year Financial
    Statements
  New
    Accounting Pronouncements
     F-15




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  2.
    EARNINGS
    PER SHARE    Year Ended August 31,2007


2006


2005Basic Earnings per shareNet income available for Class A common shareholders

$
1,243,148


$
973,329


$
940,474Basic weighted average Class A common shares


604,128,805



589,099,824



588,505,335Basic earnings per share

$
2.06


$
1.65


$
1.60Diluted Earnings per shareNet income available for Class A common shareholders

$
1,243,148


$
973,329


$
940,474Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc.(1)


453,917



447,382



556,485Net income for per share calculation

$
1,697,065


$
1,420,711


$
1,496,959Basic weighted average Class A common shares


604,128,805



589,099,824



588,505,335Class A common shares issuable upon redemption/exchange of
    minority interest(1)


221,333,732



274,435,250



349,231,576Diluted effect of employee compensation related to Class A
    common shares


36,406,094



30,539,042



23,089,039Diluted effect of employee share purchase plan related to
    Class A common shares


54,704



183,717



298,943Weighted average Class A common shares


861,923,335



894,257,833



961,124,893Diluted earnings per share

$
1.97


$
1.59


$
1.56    (1)
    
    Diluted earnings per share assumes
    the redemption and exchange of all Accenture SCA Class I
    common shares and Accenture Canada Holdings Inc. exchangeable
    shares, respectively, for Accenture Ltd Class A common
    shares on a one-for-one basis. The income effect does not take
    into account Minority interestother, since
    those shares are not redeemable or exchangeable for Accenture
    Ltd Class A common shares.    3.
    REORGANIZATION
    COSTS (BENEFITS)   F-16




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
      Year Ended August 31,2007


2006


2005Reorganization liability balance, beginning of period

$
350,864


$
381,440


$
454,042Final determinations(1)


(44,066
)


(72,362
)


(115,444
)Changes in estimates


44,066







Benefits recorded






(72,362
)


(115,444
)Interest expense accrued


26,366



24,396



26,187Payments










Costs (benefits), net of accrued interest and payments


26,366



(47,966
)


(89,257
)Foreign currency translation


23,998



17,390



16,655Reorganization liability, end of period

$
401,228


$
350,864


$
381,440    (1)
    
    Includes final agreements with tax
    authorities and expirations of statutes of limitations.  and/or
 F-17




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  4.
    ACCUMULATED
    OTHER COMPREHENSIVE INCOME (LOSS)    August 31,2007


2006Unrealized losses on marketable securities, net of
    reclassification adjustments

$
(1,314
)

$
(3,479
)Foreign currency translation adjustments


93,861



9,387Pension and postretirement plans  adjustments, net of tax of
    $8,137 and $22,863, respectively


(8,386
)


(32,402
)Accumulated other comprehensive income (loss)

$
84,161


$
(26,494
)   5.
    PROPERTY
    AND EQUIPMENT    August 31,2007


2006Buildings and land

$
4,102


$
3,870Computers, related equipment and software


1,410,010



1,245,334Furniture and fixtures


332,798



308,192Leasehold improvements


617,305



530,274Property and equipment, gross


2,364,215



2,087,670Total accumulated depreciation


(1,556,146
)


(1,359,978
)Property and equipment, net

$
808,069


$
727,692   6.
    BUSINESS
    COMBINATIONS AND GOODWILL     F-18




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
        Goodwill and
    Other Intangible Assets
  Foreign








ForeignCurrency








CurrencyAugust 31,


Additions/


Translation


August 31,


Additions/


Translation


August 31,2005


Adjustments


Adjustments


2006


Adjustments


Adjustments


2007Communications & High Tech

$
73,086


$
5,128


$
4,525


$
82,739


$
27,556


$
4,902


$
115,197Financial Services


51,569



69,650



2,373



123,592



2,647



2,104



128,343Government


24,933



6,568



1,752



33,253



36,537



1,421



71,211Products


196,937



56,111



5,342



258,390



24,216



4,970



287,576Resources


31,963



(3,950
)


1,661



29,674



10,263



1,464



41,401Total

$
378,488


$
133,507


$
15,653


$
527,648


$
101,219


$
14,861


$
643,728  F-19




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  7.
    INVESTMENTS
    AND FINANCIAL INSTRUMENTS    Amortized


Unrealized


Unrealized


EstimatedCost


Gains


Losses


Fair ValueAugust 31, 2007Available-for-sale debt securitiesAsset-backed securities

$
27,459


$
1


$
(199
)

$
27,261Certificates of deposit and time deposits


56,000







(14
)


55,986Corporate debt securities


167,706



29



(669
)


167,066Foreign government securities


3,264



5



(22
)


3,247U.S. Treasury securities


56,362







(483
)


55,879Total available-for-sale debt securities


310,791



35



(1,387
)


309,439Available-for-sale equity securities


2,477



418



(380
)


2,515Total available-for-sale securities


313,268



453



(1,767
)


311,954Other


1,259











1,259Total investments as of August 31, 2007

$
314,527


$
453


$
(1,767
)

$
313,213August 31, 2006Available-for-sale debt securitiesAsset-backed securities

$
24,759


$



$
(536
)

$
24,223Certificates of deposit and time deposits


50,105



6







50,111Corporate debt securities


331,979



79



(1,551
)


330,507Foreign government securities


3,803



1



(125
)


3,679U.S. Treasury securities


67,455







(1,592
)


65,863Total available-for-sale debt securities


478,101



86



(3,804
)


474,383Available-for-sale equity securities


2,018



297



(58
)


2,257Total available-for-sale securities


480,119



383



(3,862
)


476,640Other


1,430











1,430Total investments as of August 31, 2006

$
481,549


$
383


$
(3,862
)

$
478,070  F-20




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    August 31, 2007Amortized


EstimatedCost


Fair ValueDue in 1 year or less

$
231,614


$
231,278Due in 1-2 years


55,763



55,011Due in 2-3 years


7,712



7,591Due in 3-4 years


7,438



7,352Due in 4-5 years


5,163



5,136Due after 5 years


3,101



3,071Total available-for-sale debt securities

$
310,791


$
309,439     Year Ended August 31,2007


2006


2005Proceeds from maturities

$
662,190


$
504,265


$
901,032Proceeds from sales


223,273



153,364



43,452Gross realized gains


19,175



3,347



26,291Gross realized losses


156



305



3,956   Foreign
    Exchange Instruments
    August 31,2007


2006Notional


Fair


Notional


FairValue


Value


Value


ValueForeign currency forward exchange contracts:To sell

$
427,602


$
(8,470
)

$
176,486


$
(4,740
)To buy


510,271



3,726



471,280



(2,908
)  F-21




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  8.
    BORROWINGS
    AND INDEBTEDNESS    BorrowingsUnderFacility Amount


FacilitiesSyndicated loan facility(1)

$
1,200,000


$
Separate bilateral, uncommitted, unsecured multicurrency
    revolving credit facilities(2)


350,000



924Local guaranteed and non-guaranteed lines of credit(3)


139,312



Total

$
1,689,312


$
924    (1)
    
    On July 12, 2007, the maturity
    of the Companys existing $1.2 billion syndicated loan
    facility was extended one year, resulting in a current maturity
    of July 31, 2012. This facility provides unsecured,
    revolving borrowing capacity for general working capital
    purposes, including the issuance of letters of credit. Financing
    is provided under this facility at the prime rate or at the
    London Interbank Offered Rate plus a spread. This facility
    requires us to: (1) limit liens placed on the
    Companys assets to (a) liens incurred in the ordinary
    course of business (subject to certain qualifications) and
    (b) other liens securing obligations not to exceed 30% of
    the Companys consolidated assets; and (2) maintain a
    debt-to-cash-flow ratio not exceeding 1.75 to 1.00. The Company
    continues to be in compliance with these terms. As of
    August 31, 2007 and 2006, the Company had no borrowings
    under the facility. The facility is subject to annual commitment
    fees.(2)
    
    The Company maintains three
    separate bilateral, uncommitted and unsecured multicurrency
    revolving credit facilities. These facilities provide local
    currency financing for the majority of the Companys
    operations. Interest rate terms on the bilateral revolving
    facilities are at market rates prevailing in the relevant local
    markets. As of August 31, 2007 and 2006, the Company had
    $924 and $2,218, respectively, of borrowings under these
    facilities. The weighted average interest rate on borrowings
    under these multicurrency credit facilities and lines of credit,
    based on the average annual balances, was approximately 5% in
    fiscal 2007, 5% in fiscal 2006 and 7% in fiscal 2005.(3)
    
    The Company also maintains local
    guaranteed and non-guaranteed lines of credit for those
    locations that cannot access the Companys global
    facilities. As of August 31, 2007 and 2006, the Company had
    no borrowings under these various facilities.   F-22




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  9.
    INCOME
    TAXES  Year Ended August 31,2007


2006(1)


2005Current taxes:U.S. Federal

$
361,351


$
216,549


$
138,457U.S. state and local


44,394



30,935



19,779Non-U.S.


597,218



463,586



478,049Total current tax expense


1,002,963



711,070



636,285Deferred taxes:U.S. Federal


(102,741
)


(102,321
)


55,344U.S. state and local


(12,622
)


(14,617
)


7,906Non-U.S.


8,261



(103,597
)


(2,438
)Total deferred tax (benefit) expense


(107,102
)


(220,535
)


60,812Total

$
895,861


$
490,535


$
697,097    (1)
    
    2006 adjusted to reflect the impact
    of a reallocation of current and deferred tax (benefit) expense
    between U.S. and non-U.S. There was no change in total to
    current or deferred (benefit) expense or to total U.S. or total
    non-U.S. expense.      Year Ended August 31,2007


2006


2005U.S. sources

$
606,437


$
648,283


$
682,030Non-U.S.
    sources


2,012,481



1,275,384



1,523,972Total

$
2,618,918


$
1,923,667


$
2,206,002  F-23




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Year Ended August 31,2007


2006


2005U.S. Federal statutory income tax rate


35.0
%


35.0
%


35.0
%U.S. state and local taxes, net


1.0



1.7



1.6Reorganization cost (benefits)


0.4



(0.9
)


(1.4
)Final determinations(1)


(1.8
)


(10.8
)


(6.4
)Deferred tax revaluation(2)


1.0



(3.8
)


Non-U.S.
    operations


(2.8
)


0.5



(0.4
)Other


1.4



3.8



3.2Effective income tax rate


34.2
%


25.5
%


31.6
%    (1)
    
    Final determinations include final
    agreements with tax authorities and expirations of statutes of
    limitations.(2)
    
    Related to updated estimates of the
    probable future benefits of certain deferred tax assets and the
    impact of tax rate changes on deferred tax assets and
    liabilities. F-24




---



##### 



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


2006Deferred tax assets:Pensions

$
62,482


$
77,845Revenue recognition


61,206



43,747Compensation and benefits


235,905



165,180Stock-based Compensation


210,001



161,220Tax credit carryforwards


22,775



13,937Net operating loss carryforwards


173,402



271,458Depreciation and amortization


142,661



144,023Other


83,427



48,513991,859



925,923Valuation allowance


(157,905
)


(198,654
)Total deferred tax assets


833,954



727,269Deferred tax liabilities:Revenue recognition


(64,440
)


(71,319
)Depreciation and amortization


(28,673
)


(58,660
)Investments


(59,347
)


(51,375
)Other


(44,300
)


(32,734
)Total deferred tax liabilities


(196,760
)


(214,088
)Net deferred tax assets

$
637,194


$
513,181    F-25




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
            non-U.S. subsidiaries non-U.S. subsidiarys)
  non-U.S. subsidiaries
     F-26




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  10.
    RETIREMENT
    AND PROFIT SHARING PLANS  Defined
    Benefit Pension and Postretirement Benefits
  Employers Accounting for
    Postretirement Benefits Other Than Pensions
      August 31,August 31, 2007





2007Before


SFAS


AfterSFAS No. 158


No. 158


SFAS No. 158Adjustments


Adjustments


AdjustmentsPrepaid benefit cost

$
146,330


$
14,544


$
160,874Deferred income taxes


20,581



(12,423
)


8,158Accrued benefit liability


391,450



(23,932
)


367,518Accumulated other comprehensive (loss) income


(34,439
)


26,053



(8,386
)   Assumptions
    Pension BenefitsYear Ended August 31,2007


2006


2005Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansDiscount rate


6.50
%


4.68
%


5.25
%


4.28
%


6.25
%


4.93
%Expected rate of return on plan assets


7.50
%


5.67
%


7.50
%


5.57
%


7.50
%


5.19
%Rate of increase in future compensation


4.50
%


3.45
%


4.50
%


3.27
%


4.50
%


3.16
%   F-27




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Postretirement BenefitsYear Ended August 31,2007


2006


2005U.S.

Non-U.S.




Non-U.S.


U.S.

Non-U.S.Plans

Plans


U.S. Plans

Plans


Plans

PlansDiscount rate

6.50%


6.00
%

5.25%


5.50
%

6.25%


6.75
%Expected rate of return on plan assets

7.50%/3.50%


N/A


7.50%/3.50%


N/A


7.50%/3.50%


N/ARate of increase in future compensation

N/A


2.90
%

N/A


3.50
%

N/A


4.50
%     Pension Benefits

Postretirement BenefitsYear Ended August 31,

Year Ended August 31,2007

2006

2007

2006Non-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

PlansDiscount rate


6.25
%


5.08
%


6.50
%


4.68
%


6.25
%


5.70
%


6.50
%


6.00
%Rate of increase in future compensation


4.50
%


3.84
%


4.50
%


3.45
%


N/A



2.57
%


N/A



2.90
%   Non-U.S. Plans
  Assumed
    Health Care Cost Trend
    One Percentage Point

One Percentage PointIncrease

Decrease2007

2006

2007

2006Effect on total of service and interest cost components

$
1,332


$
3,119


$
(1,125
)

$
(2,415
)Effect on year-end postretirement benefit obligation


12,832



11,526



(11,158
)


(9,560
)  F-28




---



##### 



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


2006


2005Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansComponents of pension expenseService cost

$
50,825


$
53,720


$
64,410


$
51,496


$
49,518


$
45,054Interest cost


53,963



28,491



49,923



20,865



42,760



18,037Expected return on plan assets


(59,784
)


(26,649
)


(52,318
)


(19,833
)


(42,892
)


(15,305
)Amortization of loss (gain)


1,271



1,319



31,140



1,962



13,675



(1,023
)Amortization of prior service cost


724



684



1,149



709



1,291



1,579Curtailment (gain) loss recognized


(12,608
)


(1,640
)






183







243Special termination benefits charge














1,582







1,299Total

$
34,391


$
55,925


$
94,304


$
56,964


$
64,352


$
49,884   Postretirement BenefitsYear Ended August 31,2007


2006


2005Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansComponents of postretirement expenseService cost

$
6,665


$
1,231


$
10,102


$
2,061


$
7,091


$
1,646Interest cost


6,081



1,522



6,150



1,766



5,534



1,776Expected return on plan assets


(1,500
)






(1,419
)






(1,335
)


Amortization of transitional obligation


80







79







79



Amortization of loss






95



2,518



198



1,493



94Amortization of prior service cost


(801
)


(753
)


(801
)


(281
)


(801
)


(161
)Curtailment loss recognized






(54
)






(472
)






(222
)Total

$
10,525


$
2,041


$
16,629


$
3,272


$
12,061


$
3,133  F-29




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Benefit
    Obligation, Plan Assets and Funded Status
    Pension Benefits


Postretirement BenefitsYear Ended August 31,


Year Ended August 31,2007


2006


2007


2006Non-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 benefit obligationBenefit obligation, beginning of year

$
840,271


$
616,278


$
957,547


$
511,585


$
94,938


$
25,762


$
118,336


$
31,411Service cost


50,825



53,720



64,410



51,496



6,665



1,231



10,102



2,061Interest cost


53,963



28,491



49,923



20,865



6,081



1,522



6,150



1,766Amendments


(37
)










(11,794
)














(5,687
)Termination benefits














1,582















Participant contributions






7,701







6,544















Acquisitions/divestitures/transfers














39,325















Curtailments


(13,373
)


(1,439
)






(1,300
)






(309
)






(2,136
)Actuarial loss (gain)


59,806



(52,035
)


(215,857
)


(3,317
)


1,128



1,546



(37,868
)


(3,478
)Benefits paid


(18,424
)


(17,751
)


(15,752
)


(28,676
)


(1,406
)


(366
)


(1,782
)


(250
)Exchange rate loss






32,068







29,968







1,493







2,075Settlements






(13,697
)






















Benefit obligation, end of year

$
973,031


$
653,336


$
840,271


$
616,278


$
107,406


$
30,879


$
94,938


$
25,762Changes in plan assetsFair value of plan assets, beginning of year

$
801,644


$
458,491


$
701,343


$
344,088


$
26,577


$



$
25,643


$
Actual return on plan assets


148,071



34,212



81,086



23,998



2,672







1,839



Acquisitions/divestitures/transfers










2,733



28,550















Employer contributions


7,889



92,291



32,234



60,414



479



366



877



250Participant contributions






7,701







6,544















Benefits paid


(18,424
)


(17,751
)


(15,752
)


(28,676
)


(1,406
)


(366
)


(1,782
)


(250
)Exchange rate gain






25,732







23,573















Settlements






(13,697
)






















Fair value of plan assets, end of year

$
939,180


$
586,979


$
801,644


$
458,491


$
28,322


$



$
26,577


$
Reconciliation of funded statusFunded status

$
(33,851
)

$
(66,357
)

$
(38,627
)

$
(157,787
)

$
(79,084
)

$
(30,879
)

$
(68,361
)

$
(25,762
)Unrecognized transitional obligation


















437







519



Unrecognized loss


29,367



5,185



59,117



63,918



2,090



2,978



2,132



1,683Unrecognized prior service cost (credit)


1,211



(9,375
)


2,739



(7,913
)


(6,505
)


(8,865
)


(7,306
)


(9,268
)Contribution made after measurement date






3,462







1,985







64







44Net amount recognized at year-end

$
(3,273
)

$
(67,085
)

$
23,229


$
(99,797
)

$
(83,062
)

$
(36,702
)

$
(73,016
)

$
(33,303
)Amounts recognized in the Consolidated Balance Sheets consist
    of:Prepaid benefit cost

$
99,510


$
61,364


$
110,377


$
11,175


$



$



$



$
Accrued benefit liability


(133,361
)


(124,259
)


(122,350
)


(131,035
)


(79,084
)


(30,815
)


(73,016
)


(33,303
)Intangible asset






























Accumulated other comprehensive loss (income), pre-tax


30,578



(4,190
)


35,202



20,063



(3,978
)


(5,887
)






Net amount recognized at year-end

$
(3,273
)

$
(67,085
)

$
23,229


$
(99,797
)

$
(83,062
)

$
(36,702
)

$
(73,016
)

$
(33,303
)  F-30




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Accumulated
    Other Comprehensive Loss (Income)
    Postretirement BenefitsPension Benefits


Year Ended August 31,Year Ended August 31, 2007


2007Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


PlansNet actuarial loss

$
29,367


$
5,185


$
2,090


$
2,978Prior service cost (credit)


1,211



(9,375
)


(6,505
)


(8,865
)Transition obligation










437



Total

$
30,578


$
(4,190
)

$
(3,978
)

$
(5,887
)     Pension Benefits


Post Retirement BenefitsNon-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


PlansActuarial loss (gain)

$
1,918


$
(1,380
)






73Prior service cost (credit)


436



440



(801
)


(798
)Transition obligation










80



Total

$
2,354


$
(940
)

$
(721
)

$
(725
)   Funded
    Status for Defined Benefit Plans
     F-31




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  non-U.S. defined
  August 31,2007


2006U.S.


Non-U.S.


U.S.


Non-U.S.Plans


Plans


Plans


PlansAccumulated benefit obligation

$
934,825


$
545,494


$
790,288


$
518,723     Pension Benefits


Postretirement Benefits2007


2006


2007


2006Non-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


PlansProjected benefit obligation in excess of plan assets:Projected benefit obligation

$
133,361


$
212,043


$
122,350


$
446,652


$
107,406


$
30,879


$
94,938


$
25,763Fair value of plan assets






87,905







271,545



28,322







26,577



Accumulated benefit obligation in excess of plan assets:Accumulated benefit obligation

$
133,361


$
188,609


$
122,350


$
186,122


$



$



$



$
Fair value of plan assets






87,905







75,324















   Investment
    Strategies
  U.S.
    Pension Plans
      Non-U.S.
    Pension Plans
  non-U.S. pension
 F-32




---



##### 



ACCENTURE
    LTD
  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
  2008 Target


Plan Assets as of August 31,Allocation


2007


2006Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansAsset CategoryEquity securities


80
%


40-50
%


81
%


48
%


79
%


44
%Debt securities


20



35-45



18



38



21



39Cash and short-term investments






0-5



1











2Insurance contracts






0-5







1







13Other






10-15







13







2Total


100
%


n/m



100
%


100
%


100
%


100
%    n/m = not meaningful
  U.S.
    Postretirement Plan(1)
  Plan Assets as of2008 Target


August 31,Allocation


2007


2006Asset CategoryEquity securities


38
%


39
%


37
%Debt securities


21



16



20Cash and short-term investments


41



45



43Total


100
%


100
%


100
%    (1)
    
    The
    non-U.S.
    plans are unfunded and thus the table only relates to the U.S.
    Plans.  Expected
    Contributions
  non-U.S. pension
 F-33




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Estimated
    Future Benefit Payments
    Pension Benefits


Postretirement BenefitsNon-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans2008

$
19,443


$
15,476


$
3,653


$
4682009


22,140



16,506



4,290



5372010


24,742



17,790



5,096



6182011


27,522



19,465



5,902



7192012


30,469



21,116



6,478



8342013-2017


203,822



135,952



47,291



6,534   Defined
    Contribution Plans
        11.
    SHARE-BASED
    COMPENSATION   F-34




---



##### 



ACCENTURE
    LTD
  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 31,2005Net income as reported

$
940,474Add: Share-based compensation expense already included in Net
    income as reported, net of tax and minority interest


52,140Deduct: Pro forma employee compensation cost related to stock
    options, restricted share units and employee share purchase
    plan, net of tax and minority interest


(150,105
)Subtotal


(97,965
)Pro forma net income

$
842,509Basic earnings per Class A common share:As reported

$
1.60Pro forma

$
1.43Diluted earnings per Class A common share:As reported

$
1.56Pro forma

$
1.40  F-35




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Share
    Incentive Plan
        Year Ended August 31,2007

2006

2005Total share-based compensation expense included in Net income

$
306,795


$
270,884


$
88,341Income tax benefit related to share-based compensation included
    in Net income


102,823



93,029



8,274   Restricted
    Share Units
    2007Number of


Weighted AverageRestricted Share


Grant-Date FairUnits


ValueNonvested balance as of August 31, 2006


33,409,269


$
23.89Granted


11,355,972



35.15Vested


(2,740,433
)


26.55Forfeited


(2,007,016
)


25.45Nonvested balance as of August 31, 2007


40,017,792


$
26.81    F-36




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Stock
    Options
    Weighted AverageRemainingWeighted Average


Contractual Term


Aggregate IntrinsicNumber of Options


Exercise Price


(In Years)


ValueOptions outstanding as of August 31, 2006


57,582,271


$
18.84



6.3


$
595,954Granted


36,939


$
34.89Exercised


(13,673,454
)

$
17.76Forfeited


(1,073,079
)

$
22.37Options outstanding as of August 31, 2007


42,872,677


$
19.10



5.4


$
954,027Options exercisable as of August 31, 2007


37,696,081


$
18.45



5.2


$
863,541Options exercisable as of August 31, 2006


44,177,710


$
17.35



5.8


$
522,702Options exercisable as of August 31, 2005


49,098,967


$
15.99



5.9


$
412,308       Year Ended August 31,2007


2006


2005Weighted average grant-date fair value of stock options granted

$
14.15


$
11.13


$
11.30Total fair value of stock options vested


79,730



102,333



183,304Total intrinsic value of stock options exercised


249,004



197,111



89,219      F-37




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Year Ended August 31,2007(1)


2006(1)


2005Senior


Senior


Senior


OtherExecutives


Executives


Executives


EmployeesExpected life (in years)


6.9



7.4



6.0



5.0Risk-free interest rate


4.65
%


4.15
%


4.02
%


3.52
%Expected volatility


35
%


37
%


41
%


41
%Expected dividend yield


1
%


1
%


0
%


0
%    (1)
    
    No stock options were granted to
    Other Employees during fiscal 2007 or 2006.  Share-Based Payment.
  Employee
    Share Purchase Plan
    12.
    SHAREHOLDERS
    EQUITY  Accenture
    Ltd
  Preferred
    Shares
   F-38




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    and/or
  Class A
    Common Shares
  winding-up
  Class X
    Common Shares
  winding-up
 F-39




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Equity of
    Subsidiaries Redeemable or Exchangeable for Accenture Ltd
    Class A Common Shares
  Accenture
    SCA Class I Common Shares
      Accenture
    SCA Class II and Class III common shares
     F-40




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
      Accenture
    Canada Holdings Inc. Exchangeable Shares
    13.
    MATERIAL
    TRANSACTIONS AFFECTING SHAREHOLDERS EQUITY  Share
    Purchase And Redemption Activity
   F-41




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Accenture SCA Class I CommonAccenture Ltd Class A


Shares and Accenture CanadaCommon Shares


Holdings Inc. Exchangeable Shares(4)


TotalShares


Amount


Shares


Amount


Shares


AmountOpen-Market Share Purchases


1,988,773


$
78,633






$




1,988,773


$
78,633Discounted Tender Offers(1)










16,538,239



485,245



16,538,239



485,245Other Share Purchase Programs


9,858,011



309,440
(2)


37,640,287



1,381,853



47,498,298



1,691,293Other purchases(3)


1,430,629



52,776











1,430,629



52,776Total


13,277,413


$
440,849



54,178,526


$
1,867,098



67,455,939


$
2,307,947    (1)
    
    On September 11, 2006,
    Accenture SCA and one of its subsidiaries made a tender offer to
    Accenture SCA Class I common shareholders that resulted in
    share redemptions and purchases, effective October 11,
    2006, of 7,538,172 shares at a price of $24.75 per share,
    resulting in a cash outlay of approximately $187,195. On
    March 8, 2007, Accenture SCA and one of its subsidiaries
    made a tender offer to Accenture SCA Class I common
    shareholders that resulted in share redemptions and purchases,
    effective April 9, 2007, of 9,000,067 shares at a
    price of $33.00 per share, resulting in a cash outlay of
    approximately $298,050.(2)
    
    On November 13, 2006,
    Accenture Finance (Gibraltar) Ltd, an indirect subsidiary of
    Accenture SCA, purchased 1,979,450 Accenture Ltd Class A
    common shares at a price of $24.75 per share, resulting in a
    cash outlay of approximately $48,991. On May 15, 2007,
    Accenture Equity Finance B.V., an indirect subsidiary of
    Accenture SCA, purchased 7,878,561 Accenture Ltd Class A
    common shares at a per share price of $33.00 or its local
    currency equivalent based on exchange rates applicable on
    April 4, 2007, resulting in a cash outlay of approximately
    $260,449. Shares in both transactions were purchased from
    certain former senior executives residing outside the United
    States.(3)
    
    During the year ended
    August 31, 2007, as authorized under the Companys
    various employee equity share plans, the Company acquired
    Accenture Ltd Class A common shares primarily via share
    withholding for payroll tax obligations due from employees and
    former employees in connection with the delivery of Accenture
    Ltd Class A common shares under those plans.(4)
    
    Historically, the Company has
    recorded purchases and redemptions of Accenture SCA Class I
    common shares and Accenture Canada Holdings Inc. exchangeable
    shares (collectively, Subsidiary Shares) as a
    reduction to Additional
    paid-in-capital.
    During the year ended August 31, 2007, funds used to
    acquire Subsidiary Shares more than offset the available balance
    in Additional
    paid-in-capital.
    As a result, the Company began deducting incremental purchases
    of Subsidiary Shares from Retained earnings. Future purchases
    and redemptions of Subsidiary Shares will be recorded against
    Additional
    paid-in-capital,
    to the extent it is available, and any incremental purchases
    will be recorded against Retained earnings.    Other
    Share Redemptions
  Form S-3
 F-42




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Subsequent
    Event
    14.
    LEASE
    COMMITMENTS    August 31,2007

2006

2005Rental expense

$
452,938


$
413,722


$
371,554Sublease income from third parties


35,147



29,249



23,485     Operating


OperatingLease


SubleasePayments


Income2008

$
388,074


$
(34,332
)2009


315,026



(36,076
)2010


259,062



(33,530
)2011


206,181



(32,003
)2012


153,853



(25,398
)Thereafter


983,460



(124,956
)$
2,305,656


$
(286,295
)   15.
    COMMITMENTS
    AND CONTINGENCIES  Guarantees
     F-43




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  and/or
  and/or
  Legal
    Contingencies
    16.
    SEGMENT
    REPORTING  Disclosures about Segments of an Enterprise and Related
    Information
   F-44




---



##### 



ACCENTURE
    LTD
  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:

Comm. &


Financial2007

High Tech


Services


Government(3)


Products(3)


Resources


Other


TotalRevenues before reimbursements

$
4,600,460


$
4,357,327


$
2,560,530


$
4,913,220


$
3,242,596


$
21,681


$
19,695,814Depreciation(1)


57,294



62,053



40,632



58,361



42,150







260,490Operating income


581,780



490,433



272,411



669,201



478,794







2,492,619Assets as of August 31(2)


774,748



108,180



451,596



456,967



332,719



22,428



2,146,6382006Revenues before reimbursements

$
4,177,061


$
3,558,147


$
2,221,121


$
4,010,698


$
2,665,778


$
13,586


$
16,646,391Depreciation(1)


58,307



57,437



60,421



47,350



43,339







266,854Operating income


630,502



387,786



83,416



399,853



339,502







1,841,059Assets as of August 31(2)


550,333



86,733



528,415



357,364



316,399



21,239



1,860,4832005Revenues before reimbursements

$
4,001,347


$
3,408,166


$
2,171,458


$
3,569,975


$
2,388,845


$
7,238


$
15,547,029Depreciation(1)


66,055



61,121



56,508



56,725



41,664







282,073Operating income


673,183



499,647



168,736



413,188



356,484







2,111,238Assets as of August 31(2)


571,292



81,849



738,575



435,515



315,722



151,787



2,294,740    (1)
    
    This amount includes depreciation
    on property and equipment controlled by each operating segment,
    as well as an allocation for depreciation on property and
    equipment they do not directly control.(2)
    
    Operating segment assets directly
    attributed to an operating segment and provided to the chief
    operating decision maker include Receivables from clients,
    current and non-current Unbilled services, current Deferred
    revenues and deferred transition costs and related deferred
    revenues, which are included in Other non-current assets and
    Other non-current liabilities, respectively.(3)
    
    The Company previously entered into
    certain large, long-term contracts (the NHS
    Contracts) to provide systems and services to the National
    Health Service in England (the NHS). During the
    second quarter of fiscal 2006, there were several developments
    that significantly increased the risks and uncertainties
    associated with the NHS Contracts, and the Company recorded a
    $450,000 aggregate loss provision that was reflected in Cost of
    services of its Government and Products operating groups. On
    September 28, 2006, the Company entered into an agreement
    (the NHS Transfer Agreement) to transfer to a third
    party all of its rights and obligations under the NHS Contracts,
    except those relating to the Picture Archiving Communication
    System. The NHS Transfer Agreement resulted in a $339,000
    reduction in revenues before reimbursements in the fourth
    quarter of fiscal 2006, which was offset by a decrease in Cost
    of services, including a reversal of $396,000 of the loss
    provision recorded in the second quarter of fiscal 2006. In
    addition, during the fourth quarter of fiscal 2006, the Company
    recorded impairment writedowns on Operational Services assets
    totaling $57,000. These fourth-quarter fiscal 2006 adjustments
    were reflected in the operating results of its Government and
    Products operating groups.   F-45




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Year Ended August 31:

Americas


EMEA(1)


Asia Pacific


Total2007Revenues before reimbursements

$
8,482,646


$
9,533,746


$
1,679,422


$
19,695,814Reimbursements


869,589



705,851



181,493



1,756,933Revenues


9,352,235



10,239,597



1,860,915



21,452,747Long-lived assets as of August 31


320,835



268,355



218,879



808,0692006Revenues before reimbursements

$
7,741,139


$
7,643,712


$
1,261,540


$
16,646,391Reimbursements


824,750



637,152



120,073



1,581,975Revenues


8,565,889



8,280,864



1,381,613



18,228,366Long-lived assets as of August 31


330,185



247,944



149,563



727,6922005Revenues before reimbursements

$
6,729,626


$
7,734,932


$
1,082,471


$
15,547,029Reimbursements


732,493



708,305



106,593



1,547,391Revenues


7,462,119



8,443,237



1,189,064



17,094,420Long-lived assets as of August 31


267,757



294,262



131,691



693,710    (1)
    
    EMEA includes Europe, Middle East
    and Africa.    Year Ended August 31,2007


2006


2005United States


36
%


39
%


37
%United Kingdom


14



13



17     August 31,2007


2006


2005United States


34
%


40
%


34
%United Kingdom


11



13



20India


15



11



10  F-46




---



##### 



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Year Ended August 31,2007


2006


2005Consulting

$
11,856,263


$
9,892,128


$
9,559,157Outsourcing


7,839,551



6,754,263



5,987,872Revenues before reimbursements


19,695,814



16,646,391



15,547,029Reimbursements


1,756,933



1,581,975



1,547,391Revenues

$
21,452,747


$
18,228,366


$
17,094,420   17.
    QUARTERLY
    DATA (unaudited)  First


Second


Third


FourthYear Ended August 31, 2007

Quarter


Quarter


Quarter


Quarter


AnnualRevenues before reimbursements

$
4,754,088


$
4,749,838


$
5,081,804


$
5,110,084


$
19,695,814Reimbursements


412,271



419,515



461,880



463,267



1,756,933Revenues


5,166,359



5,169,353



5,543,684



5,573,351



21,452,747Operating income


609,592



559,392



681,529



642,106



2,492,619Net income


284,232



296,722



345,400



316,794



1,243,148Weighted average Class A common shares: Basic


598,612,668



604,326,019



607,421,151



606,280,399



604,128,805 Diluted


875,332,780



867,330,893



859,179,215



846,904,696



861,923,335Earnings per Class A common share: Basic

$
0.47


$
0.49


$
0.57


$
0.52


$
2.06 Diluted

$
0.46


$
0.47


$
0.54


$
0.50


$
1.97Common stock price per share: High

$
35.17


$
39.25


$
41.19


$
44.03


$
44.03 Low

$
28.28


$
33.45


$
34.28


$
37.25


$
28.28   F-47




---



##### 



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


214,940



69,680



342,264



346,445



973,329Weighted average Class A common shares: Basic


586,267,569



585,674,656



589,933,994



592,545,040



589,099,824 Diluted


914,057,273



892,893,907



887,347,119



880,995,549



894,257,833Earnings per Class A common share: Basic

$
0.37


$
0.12


$
0.58


$
0.58


$
1.65 Diluted

$
0.36


$
0.11


$
0.56


$
0.56


$
1.59Common stock price per share: High

$
28.63


$
33.05


$
32.94


$
29.66


$
33.05 Low

$
24.45


$
28.02


$
26.17


$
25.68


$
24.45  F-48