##### 









UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


WASHINGTON, D.C. 20549





FORM 10-K


|                                          |  |                                                                                                                                                        
|----------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------
|(Mark One)                               
|x                                         |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934                                                               
|                                         
|For the fiscal year ended August 31, 2005
|                                         
|OR                                       
|                                         
|o                                         |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934 for the transition period
    from           to          .

Commission File Number: 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 Registered
|                                                      |  |                                          
|Class A common shares, par value $0.0000225 per share |  | New York Stock Exchange                  








x o


x


x o


o x














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TABLE OF CONTENTS


|         |  |                                                                                                                      |  |      |    | 
|-------- |  | -------------------------------------------------------------------------------------------------------------------- |  | ---- | -- | 
|         |  |                                                                                                                      |  | Page |   
|         |  |                                                                                                                      |  |      |   
|Part I  
|Item 1.  |  | Business                                                                                                             |  |      | 1  | 
|Item 2.  |  | Properties                                                                                                           |  |      | 31 | 
|Item 3.  |  | Legal Proceedings                                                                                                    |  |      | 31 | 
|Item 4.  |  | Submission of Matters to a Vote of Security
    Holders                                                              |  |      | 31 | 
|        
|Part II 
|Item 5.  |  | Market for Registrants Common Equity,
    Related Shareholder Matters and Issuer Purchases of Equity
    Securities |  |      | 33 | 
|Item 6.  |  | Selected Financial Data                                                                                              |  |      | 37 | 
|Item 7.  |  | Managements Discussion and Analysis
    of Financial Condition and Results of Operations                            |  |      | 38 | 
|Item 7A. |  | Quantitative and Qualitative Disclosures
    about Market Risk                                                       |  |      | 64 | 
|Item 8.  |  | Financial Statements and Supplementary
    Data                                                                      |  |      | 64 | 
|Item 9.  |  | Changes in and Disagreements with
    Accountants on Accounting and Financial Disclosure                             |  |      | 65 | 
|Item 9A. |  | Controls and Procedures                                                                                              |  |      | 65 | 
|Item 9B. |  | Other Information                                                                                                    |  |      | 66 | 
|        
|Part III
|Item 10. |  | Directors and Executive Officers of the
    Registrant                                                               |  |      | 67 | 
|Item 11. |  | Executive Compensation                                                                                               |  |      | 69 | 
|Item 12. |  | Security Ownership of Certain Beneficial
    Owners and Management and Related Shareholder Matters                   |  |      | 73 | 
|Item 13. |  | Certain Relationships and Related
    Transactions                                                                   |  |      | 75 | 
|Item 14. |  | Principal Accounting Fees and Services                                                                               |  |      | 75 | 
|        
|Part IV 
|Item 15. |  | Exhibits, Financial Statement Schedules                                                                              |  |      | 77 | 





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PART I


Disclosure Regarding Forward-Looking Statements




Available Information













|        |         
|------- | --------
|ITEM 1. | BUSINESS

Overview






1



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Consulting, Technology and Outsourcing Services and
Solutions








Operating Groups




|                                                                           |  |                                                 |  |                                                                                                                                                          |  |                                                                  |  |             
|-------------------------------------------------------------------------- |  | ----------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------- |  | ------------
|Operating Groups                                                          
|                                                                          
|Communications                                                             |  | Financial                                       |  |                                                                                                                                                         
|& High Tech                                                                |  | Services                                        |  | Products                                                                                                                                                 |  | Resources                                                        |  | Government  
| Communications
     Electronics & High Tech
     Media & Entertainment |  |  Banking
     Capital Markets
     Insurance |  |  Automotive
     Consumer Goods & Services
     Health & Life Sciences
     Industrial Equipment
     Retail
     Transportation & Travel Services |  |  Chemicals
     Energy
     Natural Resources
     Utilities |  |  Government

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 66% of our Communications & High Tech
    operating groups revenues before reimbursements in fiscal
    2005.
|
| |  | Electronics & High Tech. Our
    Electronics & High Tech industry group serves the
    network equipment, consumer electronics, software,
    semiconductor, aerospace, defense and enterprise computing
    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 commoditization, globalization and
    disruptive technologies.                                                                                                                                                                                                                                                                                         
|
| |  | Media & Entertainment. Our
    Media & Entertainment industry group serves the
    broadcast, entertainment (television, music and movie), print,
    publishing and portal industries. Professionals in this industry
    group provide a wide range of services, including digital
    content solutions designed to help companies effectively manage,
    distribute and protect content across numerous media channels.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   



| |                       
| | ----------------------
| | Financial
    Services



3



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Banking. Our Banking industry group works with
    traditional retail and commercial banks, diversified financial
    enterprises and a variety of niche players and innovators. 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
    54% of our Financial Services operating groups revenues
    before reimbursements in fiscal 2005.                                                                                                                                                                                                         
|
| |  | Capital Markets. Our Capital Markets industry
    group helps investment banks, broker/ dealers, asset management
    firms, depositories, clearing organizations and exchanges
    improve operational efficiency and transform their businesses to
    remain competitive.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|
| |  | Insurance. Our Insurance industry group helps
    property and casualty insurers, life insurers, reinsurance firms
    and insurance brokers improve business processes, develop
    Internet-based insurance businesses and improve the quality and
    consistency of risk selection decisions. Our Insurance industry
    group has also developed a claims management capability that
    enables insurers to provide better customer service while
    optimizing claims costs. We also provide a variety of outsourced
    solutions to help insurers improve working capital and cash
    flow, deliver permanent cost savings and enhance long-term
    growth. Our Insurance industry group represented approximately
    30% of our Financial Services operating groups revenues
    before reimbursements in fiscal 2005.



| |         
| | --------
| | 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.                                                                                                                                                                                                                                                   
|
| |  | 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

4



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   | 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 work with clients to generate value from
    strategic mergers and acquisitions. In addition, our Industrial
    Equipment industry group develops and deploys innovative
    solutions in the areas of channel management, collaborative
    product design, remote field maintenance, enterprise application
    integration and outsourcing.                                                                                                                                                                                                                         
|
| |  | Retail.Our Retail industry group serves a wide spectrum of retailers
    and distributors, including supermarkets, specialty premium
    retailers and large mass-merchandise discounters. We provide
    service offerings that help clients address new ways of reaching
    the retail trade and consumers through precision marketing;
    maximize brand synergies and cost reductions in mergers and
    acquisitions; improve supply chain efficiencies through
    collaborative commerce business models; and enhance the
    efficiency of internal operations. Our Retail industry group
    represented approximately 31% of our Products operating
    groups revenues before reimbursements in fiscal 2005.                                                                                                                                                                                 
|
| |  | Transportation &
    Travel Services.Our Transportation & Travel Services industry group
    serves companies in the airline, freight transportation,
    third-party logistics, hospitality, gaming, car rental,
    passenger rail and travel distribution industries. We help
    clients develop and implement strategies and solutions to
    improve customer relationship management capabilities, operate
    more-efficient networks, integrate supply chains, develop
    procurement and electronic business marketplace strategies, and
    more effectively manage maintenance, repair and overhaul
    processes and expenses. Through our Navitaire subsidiary, we
    offer airlines a range of services, including reservations,
    direct ticket distribution, revenue protection, decision
    support, passenger revenue accounting and revenue management on
    an outsourced basis.



| |          
| | ---------
| | Resources





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Chemicals. Our Chemicals industry group works with
    a wide cross-section of industry segments, including
    petrochemicals, specialty chemicals, polymers and plastics,
    gases and life science companies. We also have long-term
    outsourcing contracts with many industry leaders.                                                                                                                                                                                                                                                                                                                                                                                                                    
|
| |  | Energy. Our Energy industry group serves a wide
    range of companies in the oil and gas industry, including
    upstream, downstream and oil services companies. Our key areas
    of focus include helping clients optimize production, manage the
    hydrocarbon supply chain, streamline retail operations and
    realize the full potential of third-party enterprise-wide
    technology solutions. In addition, our multi-client outsourcing
    centers enable clients to increase operational efficiencies and
    exploit cross-industry synergies. Our Energy industry group
    represented approximately 27% of our Resources operating
    groups revenues before reimbursements in fiscal 2005.

5



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 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,
    municipalities and retail energy companies in North America.



| |           
| | ----------
| | Government









| |              
| | -------------
| | Service Areas



6



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| |           
| | ----------
| | Consulting





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Customer Relationship Management. The
    professionals in our Customer Relationship Management 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 customer relationship
    management, including marketing, direct sales, customer service,
    field support and customer contact operations. These
    capabilities include rigorous approaches to improving the return
    on marketing investment, methods for building insight into
    customers purchase habits and service preferences,
    tailoring offers and service treatment based upon that insight,
    and unique methods of optimizing the quality, cost and revenue
    impact of sales and service operations. Together with our
    alliance partners, we bring these skills to our clients to help
    them increase the value of their customer relationships and
    enhance 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 and enhance financial transaction
    processing, risk management and business performance reporting
    capabilities. Among the services we provide are strategic
    consulting with regard to the design and structure of the
    finance function, particularly acquisition and post-merger
    integration; the establishment of shared service centers; and
    the configuration of enterprise resource planning platforms for
    streamlining transaction processing. Our finance capability
    services also address pricing and yield management, revenue
    cycle management, billing, credit risk and collection
    effectiveness, 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 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 to address human
    performance issues that are crucial to operational success,
    including recruiting and motivating key employees and
    management. Our integrated approach provides human resources,
    knowledge management, and learning and performance management
    solutions that increase the efficiency and effectiveness of our
    clients employees and operations, while reducing
    recruiting and training costs. Professionals in our Human
    Performance service line help companies and governments reduce
    employees time to competency, increase knowledge
    retention, lower the costs of administering complex training
    content, and manage multiple learning delivery vehicles and
    vendors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|
| |  | Strategy. Our Strategy professionals identify and
    implement high-performance business value creation and
    transformation opportunities by delivering independent
    strategies and broad business consulting services focused on the
    CEO agenda. They work closely with the highest levels of our
    clients organizations to help them achieve sustainable
    performance improvement. With deep skills and capabilities in
    corporate strategy, corporate restructuring, growth and
    innovation strategies, mergers and acquisitions, merger
    integration, organization and change strategy, pricing strategy
    and profitability assessment, post-merger integration,
    shareholder value analysis and strategic IT effectiveness, we
    help clients develop breakthrough strategic, operational and
    transformation solutions to enhance shareholder value in both
    the short and long term.                                                                                                                                                                                                                                                                                                                                                                                                                                                   

7



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Supply Chain Management. The professionals in our
    Supply Chain Management service line work with clients across a
    broad range of industries to develop and implement supply chain
    operations strategies that enable profitable growth in new and
    existing markets. Our professionals combine global industry
    expertise and skills in supply chain strategy, sourcing and
    procurement, supply chain planning, manufacturing and design,
    fulfillment and service management to help organizations achieve
    high performance. We work with clients to implement innovative
    consulting and outsourcing solutions that align operating models
    to support business strategies; optimize global operations;
    support profitable product launches; and enhance the skills and
    capabilities of the supply chain workforce.



| |           
| | ----------
| | Technology





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Information Management Services.We provide
    services to help organizations manage the full range of their
    information needs to improve data quality, enhance
    decision-making capabilities and meet compliance requirements.
    This includes managing both structured data (business
    intelligence) and unstructured content (content management and
    portals).                                                                                            
|
| |  | Enterprise Solutions. We implement a variety of
    application softwareincluding SAP and Oracle, among
    othersto streamline business processes, systems and
    information and help organizations access, manage and exploit
    data to make more-informed business decisions.                                                                                                                                                                                       
|
| |  | Integration. We use a variety of technology
    architectures and platformsincluding service-oriented
    architectures, among othersand Web services standards to
    connect and streamline business processes, systems and
    information to reduce costs and improve business and IT
    performance.                                                                                                                                                                 
|
| |  | Infrastructure Consulting Services. We provide
    solutions to help organizations optimize their IT
    infrastructures while reducing costs. From data center,
    operations engineering and network infrastructure to desktop and
    security solutions, our services enable clients to rationalize,
    standardize, secure and transform their IT infrastructures for
    improved performance of mission-critical business processes,
    applications and end users.
|
| |  | IT Strategy & Transformation. We help
    CEOs and CIOs with critical IT challenges, such as selecting IT
    investments based on bottom-line return, and help them
    understand how technologies can enable their business solutions
    and turn technology innovation into business results for
    competitive advantage.                                                                                                                                             
|
| |  | Microsoft Solutions. Together with our alliance
    partner Microsoft and our Avanade subsidiary, we develop and
    deliver cost-efficient, innovative business solutions based on
    Microsoft Windows Server 2003 and other .NET technologies,
    leveraging our deep industry expertise and practical
    applications of leading-edge technologies.                                                                                                                   
|
| |  | Mobile Solutions. We help clients develop
    solutions that give their workforces access to key enterprise
    applicationsincluding supply chain management, telematics,
    field force enablement, customer relationship management and
    customer database applicationsthrough mobile devices
    and/or the Internet.                                                                                                                                              
|
| |  | Research & Development. Our R&D
    organization, Accenture Technology Labs, uses new and emerging
    technologies to develop business solutions that we believe will
    be the drivers of                                                                                                                                                                                                                                                                                 

8



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| |  |                                                                                                                                                                        
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | our clients growth and
    enable them to be first to market with unique capabilities. Key
    areas of focus include information insight and sensor
    technologies.



| |            
| | -----------
| | Outsourcing





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Business Process Outsourcing (BPO). We work with
    clients to develop and deliver business process innovations that
    transform their businesses and deliver higher performance levels
    at lower costs. Through our BPO services and businesses, 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.



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We offer clients across all industries a variety of
    function-specific BPO services and businesses, including finance
    and accounting, human resources, learning, procurement and
    customer contact. We also offer specialized services tailored to
    clients in specific industries. For instance, we offer life
    insurers policy administration and management services,
    including high-volume transaction processing capabilities. We
    provide utilities companies with facilities and field services,
    as well as specialized customer care, finance and accounting,
    human resources, supply chain and information technology
    services. In addition, through our Navitaire subsidiary, we
    offer airlines a range of services, including reservations,
    direct ticket distribution, revenue protection, decision
    support, passenger revenue accounting and revenue management.



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Application Outsourcing. Accenture takes a
    holistic approach to application outsourcing that goes beyond
    traditional cost-cutting measures, helping clients improve the
    total performance of application development and maintenance. We
    provide a wide array of application outsourcing services under
    flexible arrangements, managing custom or packaged software
    applicationsincluding enterprise-wide applications such as
    SAP, PeopleSoft, Oracle and Siebelover their complete
    development and maintenance life-cycles. The scope of services
    ranges from basic application management to application
    enhancement and development for individual or multiple
    applications. We can also take end-to-end responsibility for all
    of a clients information technology (IT) function,
    including infrastructure and operations, leveraging our shared
    services delivery groups and our application and infrastructure
    transformation consulting expertise to deliver significant gains
    in client productivity.



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | By transferring to Accenture the responsibility for managing one
    or more of their applications, clients can leverage our assets,
    scale and global resources as well as our secure, global
    infrastructure delivery capabilities. This allows clients to
    maintain and control the overall performance of their IT
    capabilities while reducing the complexity and costs associated
    with managing third parties and increasing the flexibility,
    scalability, predictability and security of their IT
    infrastructures.



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Infrastructure Outsourcing. Accenture offers
    infrastructure outsourcing services coupled primarily as part of
    application outsourcing and BPO services arrangements. Our
    infrastructure outsourcing services include hosting (data center
    operations, remote systems management and development
    environment support); technical support (help desk, eSupport and
    desk-side support services); network management (secure,
    real-time, asynchronous voice and communications); security
    (security systems management, disaster recovery and business
    continuity

9



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| |  |                                                                                                                                                                     
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | services); desktop management and
    mobility (life-cycle management of desktop and mobility devices
    and supporting software); and messaging and collaboration.

Global Delivery Model










Alliances






10



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Research and Innovation






Employees






Competition




Fortune Fortune




| |   |                                          
| | - | -----------------------------------------
| |  | skills and capabilities of people;       
|
| |  | innovative service and product offerings;
|
| |  | perceived ability to add value;          
|
| |  | reputation and client references;        

11



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| |   |                                              
| | - | ---------------------------------------------
| |  | 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






Organizational Structure






12



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| |                                                                  
| | -----------------------------------------------------------------
| | Accenture Ltd Class A
    Common Shares and Class X Common Shares







| |                                        
| | ---------------------------------------
| | Accenture SCA Class I
    Common Shares





13



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de minimis de
minimis de minimis. de minimis




| |                                                       
| | ------------------------------------------------------
| | Accenture SCA Class II
    and Class III Common Shares









14



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| |                                                       
| | ------------------------------------------------------
| | Accenture Canada Holdings
    Inc. Exchangeable Shares





| |                                                             
| | ------------------------------------------------------------
| | Restrictions on the Transfer
    of Certain Accenture Shares



| |                           
| | --------------------------
| | Accenture Ltd
    Bye-Laws

Covered Person Transfer Restrictions.




| |   |                                                                                                                                                                                                   
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | except as described below, maintain beneficial ownership of his
    or her covered shares received on or prior to July 24, 2001
    for a period of eight years thereafter;                       
|
| |  | maintain beneficial ownership of at least 25% of his or her
    covered shares received on or prior to July 24, 2001 as
    long as he or she is an employee of Accenture; and                    
|
| |  | comply with certain additional transfer restrictions imposed by
    or with the consent of Accenture from time to time, including in
    connection with offerings of securities by Accenture Ltd.





| |   |                                                                                                                                                                                                               
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Covered persons who continue to be employees of Accenture are
    permitted to transfer a percentage of the covered shares
    received by them on or prior to July 24, 2001 and owned by
    them as follows:

|                                |  |                                                                    
|------------------------------- |  | -------------------------------------------------------------------
|Cumulative percentage of shares |  |                                                                    
|permitted to be transferred     |  | Years after July 24, 2001                                          
|                                |  |                                                                    
|10%                             |  | 1 year                                                             
|25%                             |  | 2 years                                                            
|35%                             |  | 3 years                                                            
|45%                             |  | 4 years                                                            
|55%                             |  | 5 years                                                            
|65%                             |  | 6 years                                                            
|75%                             |  | 7 years                                                            
|100%                            |  | The later of (a) 8 years and (b) end of
    employment by Accenture

15



---



##### 





| |   |                                                                                                                                                                
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Covered persons retiring from Accenture at the age of 50 or
    above are permitted to transfer covered shares they own on an
    accelerated basis as follows:

|                  |  |                            
|----------------- |  | ---------------------------
|                  |  | Percentage of remaining    
|                  |  | transfer restricted shares 
|Age at retirement |  | permitted to be transferred
|                  |  |                            
|56 or older       |  | 100%                       
|55                |  | 87.5%                      
|54                |  | 75%                        
|53                |  | 62.5%                      
|52                |  | 50%                        
|51                |  | 37.5%                      
|50                |  | 25%                        



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | In addition, a retired partner who reaches the age of 56 is
    permitted to transfer any covered shares he or she owns. Any
    remaining shares owned by retiring partners for which transfer
    restrictions are not released on an accelerated basis will be
    eligible to be transferred as if the retiring partner 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. Partners 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 partners.









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).                                              

16



---



##### 





Administration and Resolution of Disputes.




| |                                             
| | --------------------------------------------
| | Articles of Association of
    Accenture SCA

General.


Covered Person Transfer Restrictions.




| |   |                                                                                                                                                                               
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | except as described below, maintain beneficial ownership of his
    or her covered shares received on or prior to July 24, 2001
    for a period of eight years thereafter;   
|
| |  | maintain beneficial ownership of at least 25% of his or her
    covered shares received on or prior to July 24, 2001 as
    long as he or she is an employee of Accenture; and
|
| |  | comply with certain other transfer restrictions when requested
    to do so by Accenture. See Other Restrictions.                                                          





| |   |                                                                                                                                                                                                                                           
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Covered persons who continue to be employees of Accenture are
    permitted to transfer a percentage of the covered shares
    received by them on or prior to July 24, 2001 and owned by
    them commencing on July 24, 2002 as follows:

|                                |  |                                                                    
|------------------------------- |  | -------------------------------------------------------------------
|Cumulative percentage of shares |  |                                                                    
|permitted to be transferred     |  | Years after July 24, 2001                                          
|                                |  |                                                                    
|35%                             |  | 3 years                                                            
|45%                             |  | 4 years                                                            
|55%                             |  | 5 years                                                            
|65%                             |  | 6 years                                                            
|75%                             |  | 7 years                                                            
|100%                            |  | The later of (a) 8 years and (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

17



---



##### 



| |  |                                                                                                                                 
| |  | --------------------------------------------------------------------------------------------------------------------------------
| |  | Class A common shares held by
    covered persons and described under Accenture Ltd
    Bye-lawsTransfer Restrictions above.



Term and Amendment.


Other Restrictions.


Administration and Resolution of Disputes.




| |                                            
| | -------------------------------------------
| | Expiration of the Share
    Management Plan





| |                                              
| | ---------------------------------------------
| | Accenture Senior Executive
    Trading Policy



18



---



##### 





Risk Factors




| |                                      
| | -------------------------------------
| | Risks That Relate to Our
    Business



| |                                                                                                                                                                                                                                                                                                 
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our results of operations are materially affected by
    economic and political conditions, levels of business activity
    and rates of change in the industries we serve, as well as by
    the pace of technological change and the type and level of
    technology spending by our clients.







| |                                                                                                                                                                                                                       
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our business will be negatively affected if we are not
    able to anticipate and keep pace with rapid changes in
    technology or if growth in the use of technology in business is
    not as rapid as in the past.



19



---



##### 





| |                                                                                                                                 
| | --------------------------------------------------------------------------------------------------------------------------------
| | We may face damage to our professional reputation or legal
    liability if our clients are not satisfied with our
    services.





| |                                                                                                            
| | -----------------------------------------------------------------------------------------------------------
| | Our engagements with clients may not be profitable or may
    be terminated by our clients on short notice.

Unexpected costs, delay or failures to achieve
anticipated cost reductions could make our contracts
unprofitable.


Under many of our contracts, the payment of some or all of
our fees is conditioned upon our performance.


20



---



##### 



Our contracts can be terminated by our clients with short
notice.


We may fail to collect amounts extended to clients.




| |                                                                                                                                             
| | --------------------------------------------------------------------------------------------------------------------------------------------
| | As our work with government
    clients increases, so does our exposure to various risks
    inherent in the government contracting process.





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Government entities typically fund projects through appropriated
    monies. While these projects are often planned and executed as
    multi-year projects, the government entities usually reserve the
    right to change the scope of or terminate these projects for
    lack of approved funding and at their convenience.                                                                                                                                                                                                                                                                             
|
| |  | Government entities 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 government 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 government if it has already
    been paid to us. Findings from such an audit also may result in
    our being required to prospectively adjust previously agreed
    rates for our work and affect our future margins.
|
| |  | If a government client discovers improper or illegal activities
    in the course of audits or investigations, we may become subject
    to various civil and criminal penalties and administrative
    sanctions, which may include termination of contracts,
    forfeiture of profits, suspension of payments, fines and
    suspensions or debarment from doing business with other agencies
    of that government. The inherent limitations of internal
    controls may not prevent or detect all improper or illegal
    activities, regardless of their adequacy.                                   
|
| |  | Government contracts, and the proceedings surrounding them, are
    often subject to more extensive scrutiny and publicity than
    other commercial contracts. The number and terms of new
    government contracts signed can be affected significantly by
    political and economic                                                                                                                                                                                                                                                                                                                      

21



---



##### 



| |  |                                                                                                                                                                                                                                                                         
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | factors such as pending elections
    and revisions to governmental tax policies. 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.





| |                                                                                                   
| | --------------------------------------------------------------------------------------------------
| | Our global operations
    involve many complex risks, some of which may be beyond our
    control.





Currency Matters.


Security Matters.


Control Matters.


Infrastructure Matters.


Local Legal and Political Matters.


22



---



##### 









| |                                                                                                                                                                                                                                                                                                                                             
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The consulting, technology
    and outsourcing markets are highly competitive and the pace of
    consolidation, as well as vertical integration, among our
    competitors continues to increase. As a result, we may not be
    able to compete effectively if we cannot efficiently respond to
    these developments in a timely manner.







| |                                                                                                                                                              
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------
| | If we are unable to attract,
    retain and motivate employees, we will not be able to compete
    effectively and will not be able to grow our
    business.



23



---



##### 





| |                                                                                                                                                                                                                                                                   
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our profitability will
    suffer if we are not able to maintain our pricing and
    utilization rates and control our costs. A continuation of
    current pricing pressures could result in permanent changes in
    pricing policies and delivery capabilities.





| |   |                                                                                                                                                      
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------
| |  | our clients perceptions of our ability to add value
    through our services;                                                                       
|
| |  | competition;                                                                                                                                         
|
| |  | introduction of new services or products by us or our
    competitors;                                                                               
|
| |  | pricing policies of our competitors;                                                                                                                 
|
| |  | our ability to accurately estimate, attain and sustain
    engagement revenues, margins and cash flows over increasingly
    longer contract periods;
|
| |  | the use of off-shore resources to provide lower-cost service
    delivery capabilities by our competitors and our
    clients; and                   
|
| |  | general economic and political conditions.                                                                                                           





| |   |                                                                                                                                     
| | - | ------------------------------------------------------------------------------------------------------------------------------------
| |  | seasonal trends, primarily as a result of our hiring cycle;                                                                         
|
| |  | our ability to transition employees from completed projects to
    new engagements;                                                 
|
| |  | our ability to forecast demand for our services and thereby
    maintain an appropriate headcount in each of our
    workforces; and
|
| |  | our ability to manage attrition.                                                                                                    







| |                                                                                                                                                                        
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our quarterly revenues,
    operating results and profitability will vary from quarter to
    quarter, which may result in increased volatility of our share
    price.





| |   |                                                                                
| | - | -------------------------------------------------------------------------------
| |  | seasonality, including number of workdays and holiday and summer
    vacations;
|
| |  | the business decisions of our clients regarding the use of our
    services;   

24



---



##### 





| |   |                                                                                                                                                                                                          
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | periodic differences between our clients estimated and
    actual levels of business activity associated with ongoing
    engagements;                                                                  
|
| |  | the stage of completion of existing projects and/or their
    termination;                                                                                                                               
|
| |  | our ability to transition employees quickly from completed
    projects to new engagements;                                                                                                              
|
| |  | the introduction of new products or services by us or our
    competitors;                                                                                                                               
|
| |  | changes in our pricing policies or those of our competitors;                                                                                                                                             
|
| |  | our ability to manage costs, including those for personnel,
    support services and severance;                                                                                                          
|
| |  | our ability to maintain an appropriate headcount in each of our
    workforces;                                                                                                                          
|
| |  | acquisition and integration costs related to possible
    acquisitions of other businesses;                                                                                                              
|
| |  | changes in, or the application of changes in, accounting
    principles or pronouncements under U.S. generally accepted
    accounting principles, particularly those related to revenue
    recognition;
|
| |  | currency exchange rate fluctuations;                                                                                                                                                                     
|
| |  | changes in estimates, accruals or payments of variable
    compensation to our employees; and                                                                                                            
|
| |  | global, regional and local economic and political conditions and
    related risks, including acts of terrorism.                                                                                         



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We continue to achieve
    greater percentages of revenues and growth through outsourcing.
    This continued outsourcing growth could result in higher
    concentrations of revenues and contributions to income from a
    smaller number of our larger clients on customized outsourcing
    solutions or, in the case of our more-standardized business
    process outsourcing services, from larger numbers of clients for
    whom we provide these more-standardized services. As our
    outsourcing business continues to grow, we may continue to
    experience increased pressure on our overall margins,
    particularly during the early stages of new outsourcing
    contracts.







| |                                                                                                                                                                                                                                                                                                                                            
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | On certain complex
    engagements where we partner with third parties, our ability to
    perform may be adversely affected if these third parties cannot
    deliver their contributions in a timely manner. Clients are
    increasingly demanding that we guarantee the performance of
    these third parties, whom we do not control.



25



---



##### 









| |                                                                                                       
| | ------------------------------------------------------------------------------------------------------
| | We may be exposed to
    potential risks if we are unable to maintain effective internal
    controls.





| |                                                                                                                                                                                            
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Tax legislation, future
    legislation and negative publicity related to Bermuda companies
    may lead to an increase in our tax burden or affect our
    relationships with our clients.









| |                                                                                                
| | -----------------------------------------------------------------------------------------------
| | Our services or solutions
    may infringe upon the intellectual property rights of
    others.



26



---



##### 







| |                                                                                                                        
| | -----------------------------------------------------------------------------------------------------------------------
| | We have only a limited
    ability to protect our intellectual property rights, which are
    important to our success.







| |                                                                                                       
| | ------------------------------------------------------------------------------------------------------
| | If our alliances do not
    succeed, we may not be successful in implementing our growth
    strategy.





| |                                                                
| | ---------------------------------------------------------------
| | Risks That Relate to
    Ownership of Our Class A Common Shares



| |                                                                                                                                                                                                                                       
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The share price of Accenture
    Ltd Class A common shares may 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.



27



---



##### 





| |                                                                                              
| | ---------------------------------------------------------------------------------------------
| | Shares previously received in
    connection with our transition to a corporate
    structure



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | As of October 24, 2005, substantial numbers of shares
    previously received in connection with our transition to a
    corporate structure were still held by certain of our partners,
    former partners and their permitted transferees. These shares
    remain directly or indirectly subject to provisions of our
    various charter documents permitting sales or dispositions of
    these shares in increasing amounts annually through July 2009
    and, in the case of senior executives holding these shares, for
    so long as they remain employed by us. Accenture SCA
    Class I common shares and Accenture Canada Holdings Inc.
    exchangeable shares are redeemable or exchangeable,
    respectively. Upon any request for redemption or exchange, we
    have the option of honoring such requests through cash
    settlement or the issuance of a comparable number of our
    Class A common shares. For a more detailed description of
    these provisions in our charter documents relating to these
    shares, see BusinessAccenture Organizational
    Structure.



|                                                           |  |                         |            |                           |                                |  |            | 
|---------------------------------------------------------- |  | ----------------------- | ---------- | ------------------------- | ------------------------------ |  | ---------- | 
|                                                           |  |                         |            | Number of Accenture SCA   |                               
|                                                           |  |                         |            | Class I common shares and |                               
|                                                           |  | Number of Accenture Ltd |            |                           | Accenture Canada Holdings Inc. | 
|Available for Transfer                                     |  | Class A common shares   |            |                           | exchangeable shares            | 
|                                                           |  |                         |            |                           |                                | 
|Currently                                                  |  |                         | 15,208,674 |                           |                                |  | 38,404,234 | 
|July 24, 2006                                              |  |                         | 11,761,529 |                           |                                |  | 34,024,001 | 
|July 24, 2007                                              |  |                         | 13,573,031 |                           |                                |  | 35,231,866 | 
|July 24, 2008                                              |  |                         | 13,418,255 |                           |                                |  | 32,962,054 | 
|July 24, 2009                                              |  |                         | 40,022,593 |                           |                                |  | 69,699,697 | 
|Later of July 24, 2009 or end of employment with Accenture |  |                         | 26,903,037 |                           |                                |  | 75,402,582 | 



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We may waive the provisions of our charter documents applicable
    to these shares to permit earlier transfers of these shares in
    transactions, such as issuer tender offers or secondary
    offerings, that we approve. From time to time, we may also
    approve limited relief from these provisions for specified
    partners or groups of partners in connection with particular
    retirement, employment and severance arrangements that we
    determine to be important to be in the best interests of the
    Company.



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | In July 2005, we implemented a Senior Executive Trading Policy
    applicable to our senior executives which provides, among other
    things, that all shares covered by the transfer restrictions
    contained in our various charter documents and still held by our
    senior executives and available for transfer will also be
    subject to quarterly trading guidelines. These guidelines seek
    to limit the total number of these shares redeemed, sold or
    otherwise transferred in any calendar quarter to no more than a
    composite average weekly volume of trading in Accenture Ltd
    Class A common shares. As of October 24, 2005, the
    shares covered by the transfer restrictions contained in our
    various charter documents and subject to these additional
    quarterly guidelines represented approximately 55% of the shares
    identified in the table above. We expect to rigorously enforce
    this policy. However, sanctions under this policy may be
    prospective in nature and there can be no guarantee that we can
    prohibit all individual transfers that may be attempted in
    breach of this policy.



28



---



##### 







| |                                                               
| | --------------------------------------------------------------
| | Shares to be received under our
    2001 Share Incentive Plan:



| |   |                                                                                                                                                                                                             
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | As of October 24, 2005, a total of 45,908,467 of our
    Class A common shares underlying restricted share units
    generally were scheduled to be delivered during the calendar
    years indicated below:

|                 |            |  |               |  |            | 
|---------------- | ---------- |  | ------------- |  | ---------- | 
|Number of Shares |            |  | Calendar Year | 
|                 |            |  |               | 
|                 | 67,061     |  |               |  | 2005       | 
|                 | 3,837,895  |  |               |  | 2006       | 
|                 | 7,923,042  |  |               |  | 2007       | 
|                 | 5,470,960  |  |               |  | 2008       | 
|                 | 11,892,961 |  |               |  | 2009       | 
|                 | 16,716,548 |  |               |  | After 2009 | 



| |                                                                                                 
| | ------------------------------------------------------------------------------------------------
| | The delivery of some of these shares may be deferred based on
    elections made by the holders.



| |   |                                                                                                                                                                                                                                                                                                                                                                                                               
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | In addition, as of October 24, 2005, a total of 71,524,857
    Accenture Ltd Class A common shares were issuable pursuant
    to options, of which options to purchase an aggregate of
    49,613,015 Class A common shares were exercisable and
    options to purchase an aggregate of 21,911,842 Class A
    common shares generally will become exercisable during the
    calendar years indicated below:

|                 |            |  |               |  |            | 
|---------------- | ---------- |  | ------------- |  | ---------- | 
|Number of Shares |            |  | Calendar Year | 
|                 |            |  |               | 
|                 | 101,072    |  |               |  | 2005       | 
|                 | 10,486,396 |  |               |  | 2006       | 
|                 | 11,324,374 |  |               |  | After 2006 | 



| |                                                                                                                                                                                   
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We may need additional
    capital in the future, and this capital may not be available to
    us. The raising of additional capital may dilute
    shareholders ownership in us.





| |   |                                                                 
| | - | ----------------------------------------------------------------
| |  | take advantage of opportunities, including more rapid expansion;
|
| |  | acquire complementary businesses or technologies;               
|
| |  | develop new services and solutions; or                          
|
| |  | respond to competitive pressures.                               



29



---



##### 





| |                                                                                                                                                                                                                                                                                         
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We are registered in Bermuda
    and a significant portion of our assets are located outside the
    United States. As a result, it may not be possible for
    shareholders to enforce civil liability provisions of the
    Federal or state securities laws of the United
    States.





| |                                                                                                                         
| | ------------------------------------------------------------------------------------------------------------------------
| | Bermuda law differs from the
    laws in effect in the United States and may afford less
    protection to shareholders.





30



---



##### 








|        |           
|------- | ----------
|ITEM 2. | PROPERTIES








|        |                  
|------- | -----------------
|ITEM 3. | LEGAL PROCEEDINGS












|        |                                                    
|------- | ---------------------------------------------------
|ITEM 4. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS



31



---



##### 



Executive Officers of the Registrant


Martin I. Cole,


Joellin Comerford,


Anthony G. Coughlan,


Karl-Heinz Flöther,


Mark Foster,


Robert N. Frerichs,


William D. Green,


Adrian Lajtha,


Michael G. McGrath,


Stephen J. Rohleder,


32



---



##### 



Douglas G. Scrivner,


David C. Thomlinson,


Diego Visconti,





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 Range |      
|                                         |  |             |      
|                                         |  | High        |       |  | Low |  
|                                         |  |             |       |  |     |  
|Fiscal 2004                              |  |             |       |  |     |   |       | 
|First Quarter                            |  | $           | 25.37 |  |     | $ | 21.00 | 
|Second Quarter                           |  | $           | 26.95 |  |     | $ | 21.85 | 
|Third Quarter                            |  | $           | 25.91 |  |     | $ | 22.61 | 
|Fourth Quarter                           |  | $           | 28.10 |  |     | $ | 23.25 | 
|Fiscal 2005                              |  |             |       |  |     |   |       | 
|First Quarter                            |  | $           | 27.58 |  |     | $ | 22.61 | 
|Second Quarter                           |  | $           | 27.60 |  |     | $ | 24.39 | 
|Third Quarter                            |  | $           | 25.97 |  |     | $ | 21.00 | 
|Fourth Quarter                           |  | $           | 25.70 |  |     | $ | 22.20 | 
|Fiscal 2006                              |  |             |       |  |     |   |       | 
|First Quarter (through October 24, 2005) |  | $           | 26.94 |  |     | $ | 24.45 | 





33



---



##### 



Dividend Policy








Recent Sales of Unregistered Securities






Purchases of Common Shares




|                           |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |           |  |  |   |         | 
|-------------------------- | ------------------------------ | -------------------------------------------------- |  | ---------- | ---------- | ------------------- | ---------------- | ------------------ | --------------- | -------- | --------------- | --------- |  |  | - | ------- | 
|                           |                                |                                                    |  |            |            |                     |                  | Approximate Dollar |                
|                           |                                |                                                    |  |            |            |                     |                  | Value of Shares    |                
|                           |                                |                                                    |  |            |            | Total Number of     |                  |                    | that May Yet Be |         
|                           |                                |                                                    |  |            |            | Shares Purchased as |                  |                    | Purchased Under |         
|                           |                                |                                                    |  | Average    |            |                     | Part of Publicly |                    |                 | Publicly |                
|                           |                                | Total Number of                                    |  |            | Price Paid |                     |                  | Announced Plans or |                 |          | Announced Plans |          
|Period                     |                                | Shares Purchased                                   |  |            | per Share  |                     |                  | Programs(1)(2)     |                 |          | or Programs     |          
|                           |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |          
|                           |                                | (In thousands, except share and per share amounts) | 
|June 1, 2005June 30, 2005 |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |           |  |  |   |        
|                           | Class A common shares          |                                                    |  | 2,547      |            |                     | $                | 23.28              |                 |          |                 |          |  |  | $ | 761,087 | 
|                           | Class X common shares          |                                                    |  | 17,982,839 |            |                     | $                | 0.0000225          |                 |          |                 |          |  |  |   |        | 
|July 1, 2005July 31, 2005 |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |           |  |  |   |        
|                           | Class A common shares          |                                                    |  | 379,597    |            |                     | $                | 24.36              |                 |          |                 | 99,196    |  |  | $ | 758,673 | 
|                           | Class X common shares          |                                                    |  |           |            |                     |                  |                   |                 |          |                 |          |  |  |   |        | 
|Aug. 1, 2005Aug. 31, 2005 |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |           |  |  |   |        
|                           | Class A common shares          |                                                    |  | 2,290,350  |            |                     | $                | 25.19              |                 |          |                 | 2,072,347 |  |  | $ | 706,286 | 
|                           | Class X common shares          |                                                    |  | 2,817,258  |            |                     | $                | 0.0000225          |                 |          |                 |          |  |  |   |        | 
|Total                      |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |           |  |  |   |        
|                           | Class A common shares(1)(2)(3) |                                                    |  | 2,672,494  |            |                     | $                | 25.07              |                 |          |                 | 2,171,543 |  |  |   |         | 
|                           | Class X common shares(4)       |                                                    |  | 20,800,097 |            |                     | $                | 0.0000225          |                 |          |                 |          |  |  |   |         | 

34



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##### 








|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Since April 2002, 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
    2005, 1,977,500 Accenture Ltd Class A common shares were
    purchased under this program. To date, the Board of Directors of
    Accenture Ltd has authorized an aggregate of $1.6 billion
    for use in these open-market share purchases. At August 31,
    2005, an aggregate of $581 million remained available for
    these open-market share purchases. The open-market purchase
    program does not have an expiration date.                                                  
|(2) | In July 2002, we publicly announced our RSU Sell-Back Program,
    whereby we offer to purchase Accenture Ltd Class A common
    shares awarded to employees pursuant to restricted share units
    issued in connection with our initial public offering. The Board
    of Directors of Accenture Ltd has authorized funds for this
    purpose, and $181 million was set aside under this program.
    During the fourth quarter of fiscal 2005, 193,043 Accenture Ltd
    Class A common shares were purchased under this program. At
    August 31, 2005, approximately $125 million remained
    available for purchases under this program. These purchases are
    not made on the open market and this program does not have an
    expiration date.
|(3) | During the fourth quarter of fiscal 2005, Accenture purchased
    500,951 Accenture Ltd Class A common shares in transactions
    unrelated to publicly announced share plans or programs. These
    transactions consisted of acquisitions of Accenture Ltd
    Class A common shares via share withholding for payroll tax
    obligations due from employees and former employees in
    connection with the delivery of Accenture Ltd Class A
    common shares under the Companys various employee equity
    share plans.                                                                                                                                                                                                                            
|(4) | During the fourth quarter of fiscal 2005, the Company redeemed
    20,800,097 Accenture Ltd Class X common shares pursuant to
    its bye-laws. Accenture Ltd Class X common shares are
    redeemable at their par value of $0.0000225 per share.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

Purchases and redemptions of shares of Accenture
subsidiaries




|                           |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |  |   | 
|-------------------------- | ------------------------------ | -------------------------------------------------- |  | ---------- | ---------- | ------------------- | ---------------- | ------------------ | --------------- | -------- | --------------- | - |  |  |  | - | 
|                           |                                |                                                    |  |            |            |                     |                  | Approximate Dollar |                
|                           |                                |                                                    |  |            |            |                     |                  | Value of Shares    |                
|                           |                                |                                                    |  |            |            | Total Number of     |                  |                    | that May Yet Be |         
|                           |                                |                                                    |  |            |            | Shares Purchased as |                  |                    | Purchased Under |         
|                           |                                |                                                    |  | Average    |            |                     | Part of Publicly |                    |                 | Publicly |                
|                           |                                | Total Number of                                    |  |            | Price Paid |                     |                  | Announced Plans or |                 |          | Announced Plans |  
|Period                     |                                | Shares Purchased(1)                                |  |            | per Share  |                     |                  | Programs           |                 |          | or Programs     |  
|                           |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |  
|                           |                                | (in thousands, except share and per share amounts) | 
|June 1, 2005June 30, 2005 |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                           | Class I common shares          |                                                    |  | 17,712,575 |            |                     | $                | 22.64              |                 |          |                 |  |  |  |  |  | 
|July 1, 2005July 31, 2005 |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                           | Class I common shares          |                                                    |  | 14,649     |            |                     | $                | 23.57              |                 |          |                 |  |  |  |  |  | 
|Aug. 1, 2005Aug. 31, 2005 |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                           | Class I common shares          |                                                    |  | 5,301,076  |            |                     | $                | 24.24              |                 |          |                 |  |  |  |  |  | 
|Total                      |                                |                                                    |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                           | Class I common shares(2)(3)(4) |                                                    |  | 23,028,300 |            |                     | $                | 23.01              |                 |          |                 |  |  |  |  |  | 






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | To date, the Board of Directors of Accenture Ltd has authorized
    an aggregate of $3.2 billion for purchases and redemptions
    from our partners, former partners and their permitted
    transferees. At August 31, 2005, an aggregate of
    $1.0 billion remained available for these purchases and
    redemptions. These amounts do not include an additional
    $800 million authorized to effect the October 14, 2005
    issuer tender offer described in footnote 2 below.                                                                                                                                                                                                                                                                                                                                                                                                                       
|(2) | During the fourth quarter of fiscal 2005, Accenture SCA and its
    subsidiary purchased or redeemed an aggregate of 21,036,151
    Accenture SCA Class I common shares pursuant to two issuer
    tender offers. In addition, a subsidiary of Accenture SCA
    purchased an aggregate of 329,287 Accenture Canada Holdings Inc.
    exchangeable shares. These purchases and redemptions were made
    in transactions unrelated to publicly announced share plans or
    programs. The share numbers in the table above do not reflect an
    issuer tender offer effective as of October 14, 2005,
    pursuant to which Accenture SCA and its subsidiary purchased or
    redeemed a total of 35,922,744 Accenture SCA Class I common
    shares at a price of $21.50 per share. These redemptions or
    purchases were made in transactions unrelated to publicly
    announced share plans or programs.

35



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##### 



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(3) | During the fourth quarter of fiscal 2005, a subsidiary of
    Accenture SCA purchased 14,649 Accenture SCA Class I common
    shares at the request of the Accenture Foundation Inc. in a
    transaction based on terms similar to those provided for in
    Accenture SCAs Articles of Association. This purchase was
    made in a transaction unrelated to publicly announced share
    plans or programs.                                                                                                                      
|(4) | During the fourth quarter of fiscal 2005, Accenture SCA
    purchased 1,977,500 Accenture SCA Class I common shares
    from Accenture Ltd to facilitate the funding of Accenture
    Ltds publicly announced open-market share purchase
    program. These purchases were made in transactions unrelated to
    publicly announced share plans or programs. These purchases do
    not reduce shares outstanding for purposes of computing earnings
    per share reflected in the Companys Consolidated Financial
    Statements.

36



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##### 








|        |                        
|------- | -----------------------
|ITEM 6. | SELECTED FINANCIAL DATA



|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |       |        |        |  |     |        |        | 
|------------------------------------------------------ | ----------------------------------------------------------------- | ------------------------------------------------- | ----- | ------ | ------ |  | ----- | ------ | ------ |  | ----- | ------ | ------ | ---- | ----- | ------ | ------ |  | --- | ------ | ------ | 
|                                                       |                                                                   | Year Ended August 31,                             |      
|                                                       |                                                                   |                                                   |      
|                                                       |                                                                   | 2005                                              |       |        | 2004   |  |       | 2003   |        |  | 2002  |        |        | 2001 |      
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|                                                       |                                                                   | (in millions, except share and per share amounts) |      
|Income Statement Data:                                 |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |       |        |        |  |     |       
|Revenues:                                              |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |       |        |        |  |     |       
|                                                       | Revenues before reimbursements                                    |                                                   | $     | 15,547 |        |  | $     | 13,673 |        |  | $     | 11,818 |        |      | $     | 11,574 |        |  | $   | 11,444 |       
|                                                       | Reimbursements                                                    |                                                   |       | 1,547  |        |  |       | 1,440  |        |  |       | 1,579  |        |      |       | 1,531  |        |  |     | 1,618  |       
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|                                                       |                                                                   | Revenues                                          |       |        | 17,094 |  |       |        | 15,113 |  |       |        | 13,397 |      |       |        | 13,105 |  |     |        | 13,062 | 
|Operating expenses:                                    |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |       |        |        |  |     |       
|                                                       | Cost of services*:                                                |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |       |        |        |  |     |        |       
|                                                       |                                                                   | Cost of services before reimbursable expenses*    |       |        | 10,455 |  |       |        | 9,057  |  |       |        | 7,508  |      |       |        | 6,897  |  |     |        | 6,199  | 
|                                                       |                                                                   | Reimbursable expenses                             |       |        | 1,547  |  |       |        | 1,440  |  |       |        | 1,579  |      |       |        | 1,531  |  |     |        | 1,618  | 
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|                                                       |                                                                   | Cost of services*                                 |       |        | 12,002 |  |       |        | 10,497 |  |       |        | 9,087  |      |       |        | 8,428  |  |     |        | 7,817  | 
|                                                       | Sales and marketing*                                              |                                                   |       | 1,558  |        |  |       | 1,488  |        |  |       | 1,459  |        |      |       | 1,566  |        |  |     | 1,217  |       
|                                                       | General and administrative costs*                                 |                                                   |       | 1,512  |        |  |       | 1,340  |        |  |       | 1,319  |        |      |       | 1,616  |        |  |     | 1,516  |       
|                                                       | Restructuring, reorganization and rebranding
    (benefits) costs |                                                   |       | (89    | )      |  |       | 29     |        |  |       | (19    | )      |      |       | 111    |        |  |     | 849    |       
|                                                       | IPO restricted share unit-based compensation                      |                                                   |       |       |        |  |       |       |        |  |       |       |        |      |       |       |        |  |     | 967    |       
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|                                                       |                                                                   | Total operating expenses*                         |       |        | 14,983 |  |       |        | 13,355 |  |       |        | 11,846 |      |       |        | 11,720 |  |     |        | 12,366 | 
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|Operating income*                                      |                                                                   |                                                   | 2,111 |        |        |  | 1,759 |        |        |  | 1,551 |        |        |      | 1,385 |        |        |  | 696 |       
|Gain (loss) on investments, net                        |                                                                   |                                                   | 21    |        |        |  | 3     |        |        |  | 10    |        |        |      | (321  | )      |        |  | 107 |       
|Interest income                                        |                                                                   |                                                   | 108   |        |        |  | 60    |        |        |  | 41    |        |        |      | 46    |        |        |  | 80  |       
|Interest expense                                       |                                                                   |                                                   | (24   | )      |        |  | (22   | )      |        |  | (21   | )      |        |      | (49   | )      |        |  | (43 | )     
|Other (expense) income                                 |                                                                   |                                                   | (11   | )      |        |  |      |        |        |  | 32    |        |        |      | 15    |        |        |  | 17  |       
|Equity in losses of affiliates                         |                                                                   |                                                   |      |        |        |  | (2    | )      |        |  |      |        |        |      | (9    | )      |        |  | (61 | )     
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|Income before income taxes*                            |                                                                   |                                                   | 2,206 |        |        |  | 1,799 |        |        |  | 1,613 |        |        |      | 1,068 |        |        |  | 795 |       
|Provision for income taxes(1)                          |                                                                   |                                                   | 697   |        |        |  | 576   |        |        |  | 566   |        |        |      | 491   |        |        |  | 503 |       
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|Income before minority interest and accounting change* |                                                                   |                                                   | 1,509 |        |        |  | 1,223 |        |        |  | 1,047 |        |        |      | 576   |        |        |  | 292 |       
|Minority interest                                      |                                                                   |                                                   | (568  | )      |        |  | (532  | )      |        |  | (549  | )      |        |      | (332  | )      |        |  | 577 |       
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|Income before accounting change*                       |                                                                   |                                                   | 940   |        |        |  | 691   |        |        |  | 498   |        |        |      | 245   |        |        |  | 869 |       
|Cumulative effect of accounting change                 |                                                                   |                                                   |      |        |        |  |      |        |        |  |      |        |        |      |      |        |        |  | 188 |       
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      
|                                                       |                                                                   | Net income*                                       |       | $      | 940    |  |       | $      | 691    |  |       | $      | 498    |      |       | $      | 245    |  |     | $      | 1,057  | 
|                                                       |                                                                   |                                                   |       |        |        |  |       |        |        |  |       |        |        |      |      

37



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##### 



|                                        |  |                                                   |             |  |      |   |               |      |  |   |             |  |  |      |               |  |  |   |   | 
|--------------------------------------- |  | ------------------------------------------------- | ----------- |  | ---- | - | ------------- | ---- |  | - | ----------- |  |  | ---- | ------------- |  |  | - | - | 
|                                        |  | Year Ended August 31,                            
|                                        |  |                                                  
|                                        |  | 2005                                              |             |  | 2004 |   |               | 2003 |  |   | 2002        |  |  | 2001
|                                        |  |                                                   |             |  |      |   |               |      |  |   |             |  |  |     
|                                        |  | (in millions, except share and per share amounts)
|Weighted Average Class A Common Shares: |  |                                                   |             |  |      |   |               |      |  |   |             |  |  |      |               |  |  |   |   | 
|Basic                                   |  |                                                   | 588,505,335 |  |      |   | 553,298,104   |      |  |   | 468,592,110 |  |  |      | 425,941,809   |  |  |   |  | 
|Diluted                                 |  |                                                   | 960,514,976 |  |      |   | 1,002,813,443 |      |  |   | 996,754,596 |  |  |      | 1,023,789,546 |  |  |   |  | 
|Earnings Per Class A Common Share:      |  |                                                   |             |  |      |   |               |      |  |   |             |  |  |      |               |  |  |   |   | 
|Basic                                   |  | $                                                 | 1.60        |  |      | $ | 1.25          |      |  | $ | 1.06        |  |  | $    | 0.57          |  |  |   |  | 
|Diluted                                 |  | $                                                 | 1.56        |  |      | $ | 1.22          |      |  | $ | 1.05        |  |  | $    | 0.56          |  |  |   |  | 
|                                       
|Dividends per Common Share              |  | $                                                 |            |  |      | $ |              |      |  | $ |            |  |  | $    |              |  |  | $ |  | 

|                                       |  |                  |       |  |      |   |       |      |  |   |       |  |  |      |       |  |  |   |       | 
|-------------------------------------- |  | ---------------- | ----- |  | ---- | - | ----- | ---- |  | - | ----- |  |  | ---- | ----- |  |  | - | ----- | 
|                                       |  | As of August 31, |      
|                                       |  |                  |      
|                                       |  | 2005             |       |  | 2004 |   |       | 2003 |  |   | 2002  |  |  | 2001 |      
|                                       |  |                  |       |  |      |   |       |      |  |   |       |  |  |      |      
|                                       |  | (in millions)    |      
|Balance Sheet Data:                    |  |                  |       |  |      |   |       |      |  |   |       |  |  |      |       |  |  |   |       | 
|Cash and cash equivalents              |  | $                | 2,484 |  |      | $ | 2,553 |      |  | $ | 2,332 |  |  | $    | 1,317 |  |  | $ | 1,880 | 
|Working capital                        |  |                  | 1,823 |  |      |   | 1,745 |      |  |   | 1,729 |  |  |      | 723   |  |  |   | 401   | 
|Total assets                           |  |                  | 8,957 |  |      |   | 8,013 |      |  |   | 6,459 |  |  |      | 5,479 |  |  |   | 6,061 | 
|Long-term debt, net of current portion |  |                  | 44    |  |      |   | 32    |      |  |   | 14    |  |  |      | 3     |  |  |   | 1     | 
|Shareholders equity                   |  |                  | 1,697 |  |      |   | 1,472 |      |  |   | 832   |  |  |      | 475   |  |  |   | 282   | 






|  |                                                                                               
|- | ----------------------------------------------------------------------------------------------
|* | Excludes payments for partner distributions for periods ended on
    or prior to May 31, 2001.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | For periods ended on or prior to May 31, 2001, we operated
    through partnerships in many countries. Therefore, we generally
    were not subject to income taxes in those countries. Taxes
    related to income earned by our partnerships were the
    responsibility of the individual partners. In other countries,
    we operated through corporations, and in these circumstances we
    were subject to income taxes.






|        |                                                                                          
|------- | -----------------------------------------------------------------------------------------
|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
Business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 2005 or fiscal year 2005 means
the 12-month period that ended on August 31, 2005. All
references to quarters, unless otherwise noted, refer to the
quarters of our fiscal year.


Overview






38



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##### 

















39



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##### 

















40



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##### 







| |                     
| | --------------------
| | Bookings and Backlog









| |                                               
| | ----------------------------------------------
| | Critical Accounting Policies
    and Estimates



41



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##### 





Revenue Recognition


Revenue Recognition in Financial
Statements, Revenue Recognition.


Accounting for Performance of
Construction Type and Certain Production Type
Contracts.




Accounting for Revenue
Arrangements with Multiple Deliverables.


42



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##### 











Income Taxes










43



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##### 





Variable Compensation






|                            |  |             |    |  |      |   |     |      |  |   |    |  
|--------------------------- |  | ----------- | -- |  | ---- | - | --- | ---- |  | - | -- | -
|                            |  | Fiscal Year |   
|                            |  |             |   
|                            |  | 2005        |    |  | 2004 |   |     | 2003 | 
|                            |  |             |    |  |      |   |     |      | 
|First fiscal quarter        |  | $           | 43 |  |      | $ | (4  | )    |  | $ | 17 |  
|Second fiscal quarter       |  |             |   |  |      |   | 64  |      |  |   | (6 | )
|Third fiscal quarter        |  |             | 13 |  |      |   | 92  |      |  |   |   |  
|Fourth fiscal quarter       |  |             | 36 |  |      |   | 125 |      |  |   |   |  
|                            |  |             |    |  |      |   |     |      | 
|Total variable compensation |  | $           | 92 |  |      | $ | 277 |      |  | $ | 11 |  
|                            |  |             |    |  |      |   |     |      | 



Defined Benefit Pension Plans


Employers
Accounting for Pensions,


44



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##### 





|                                        |  |                  |      |          |       |  |      |            |          |  |       |   |  |            |      |   |       |  |      |   |  |  |      |  
|--------------------------------------- |  | ---------------- | ---- | -------- | ----- |  | ---- | ---------- | -------- |  | ----- | - |  | ---------- | ---- | - | ----- |  | ---- | - |  |  | ---- | -
|                                        |  | Pension Benefits |     
|                                        |  |                  |     
|                                        |  | 2006             |      |          | 2005  |  |      | 2004       |         
|                                        |  |                  |      |          |       |  |      |            |         
|                                        |  |                  |      | Non-U.S. |       |  |      |            | Non-U.S. |  |       |   |  | Non-U.S.   |     
|                                        |  | U.S. Plans       |      |          | Plans |  |      | U.S. Plans |          |  | Plans |   |  | U.S. Plans |      |   | Plans | 
|                                        |  |                  |      |          |       |  |      |            |          |  |       |   |  |            |      |   |       | 
|Discount rate                           |  |                  | 5.25 | %        |       |  | 4.28 | %          |          |  | 6.25  | % |  |            | 4.93 | % |       |  | 6.00 | % |  |  | 4.85 | %
|Expected return on plan assets          |  |                  | 7.50 | %        |       |  | 5.57 | %          |          |  | 7.50  | % |  |            | 5.19 | % |       |  | 8.00 | % |  |  | 5.66 | %
|Rate of increase in future compensation |  |                  | 4.50 | %        |       |  | 3.27 | %          |          |  | 4.50  | % |  |            | 3.16 | % |       |  | 4.50 | % |  |  | 3.10 | %



| |              
| | -------------
| | Discount Rate







| |                                   
| | ----------------------------------
| | Expected Return on Plan
    Assets







45



---



##### 





| |        
| | -------
| | General









Revenues by Segment/Operating Group




46



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##### 





|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      |  |     |     |   |  |     |     |   | 
|------------------------------------ | ------------------------------------ | -------------- | ------ | ------ | -------- |  | ------- | ------------ | ------ | ---------------- | ---------- | --- | -- | ---- | -- | --- | ---- |  | --- | --- | - |  | --- | --- | - | 
|                                     |                                      |                |        |        |          |  |         |              |        | Percent of Total |           
|                                     |                                      |                |        |        |          |  |         |              |        | Revenues         |           
|                                     |                                      |                |        |        |          |  |         |              |        | Before           |           
|                                     |                                      |                |        |        |          |  |         |              |        | Reimbursements   |           
|                                     |                                      |                |        |        |          |  |         | for the Year |       
|                                     |                                      | Year Ended     |        |        |          |  | Percent |              |        | Ended            |           
|                                     |                                      | August 31,     |        |        | Percent  |  |         | Increase     |        |                  | August 31, |    
|                                     |                                      |                |        |        | Increase |  |         | Local        |        |                  |            |    
|                                     |                                      | 2005           |        |        | 2004     |  |         | US$          |        |                  | Currency   |     |    | 2005 |    |     | 2004 | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | (in millions)  |        |        |          |  |         |              |        |                  |           
|OPERATING GROUPS                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      |  |     |     |   |  |     |    
|                                     | Communications & High Tech           |                | $      | 4,001  |          |  | $       | 3,741        |        |                  |            | 7   | %  |      |    | 4   | %    |  |     | 26  | % |  |     | 27  | %
|                                     | Financial Services                   |                |        | 3,408  |          |  |         | 2,771        |        |                  |            | 23  |    |      |    | 18  |      |  |     | 22  |   |  |     | 20  |  
|                                     | Government                           |                |        | 2,172  |          |  |         | 1,995        |        |                  |            | 9   |    |      |    | 6   |      |  |     | 14  |   |  |     | 15  |  
|                                     | Products                             |                |        | 3,570  |          |  |         | 2,979        |        |                  |            | 20  |    |      |    | 16  |      |  |     | 23  |   |  |     | 22  |  
|                                     | Resources                            |                |        | 2,389  |          |  |         | 2,178        |        |                  |            | 10  |    |      |    | 5   |      |  |     | 15  |   |  |     | 16  |  
|                                     | Other                                |                |        | 7      |          |  |         | 9            |        |                  |            | n/m |    |      |    | n/m |      |  |     |    |   |  |     |    |  
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|TOTAL Revenues Before Reimbursements |                                      |                | 15,547 |        |          |  | 13,673  |              |        |                  | 14         |     |    |      | 10 | %   |      |  | 100 | %   |   |  | 100 | %  
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | Reimbursements |        |        | 1,547    |  |         |              | 1,440  |                  |            |     | 7  |      |    |     |      |  |     |     |   |  |     |     |   | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | TOTAL REVENUES |        | $      | 17,094   |  |         | $            | 15,113 |                  |            |     | 13 | %    |    |     |      |  |     |     |   |  |     |     |   | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|GEOGRAPHY(1)                         |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      |  |     |     |   |  |     |    
|                                     | Americas                             |                | $      | 6,730  |          |  | $       | 6,133        |        |                  |            | 10  | %  |      |    | 9   | %    |  |     | 43  | % |  |     | 45  | %
|                                     | EMEA(2)                              |                |        | 7,735  |          |  |         | 6,572        |        |                  |            | 18  |    |      |    | 11  |      |  |     | 50  |   |  |     | 48  |  
|                                     | Asia Pacific                         |                |        | 1,082  |          |  |         | 968          |        |                  |            | 12  |    |      |    | 8   |      |  |     | 7   |   |  |     | 7   |  
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     | TOTAL Revenues Before Reimbursements |                |        | 15,547 |          |  |         | 13,673       |        |                  |            | 14  |    |      |    | 10  | %    |  |     | 100 | % |  |     | 100 | %
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | Reimbursements |        |        | 1,547    |  |         |              | 1,440  |                  |            |     | 7  |      |    |     |      |  |     |     |   |  |     |     |   | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | TOTAL REVENUES |        | $      | 17,094   |  |         | $            | 15,113 |                  |            |     | 13 | %    |    |     |      |  |     |     |   |  |     |     |   | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|TYPE OF WORK                         |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      |  |     |     |   |  |     |    
|                                     | Consulting                           |                | $      | 9,559  |          |  | $       | 8,589        |        |                  |            | 11  | %  |      |    | 7   | %    |  |     | 61  | % |  |     | 63  | %
|                                     | Outsourcing                          |                |        | 5,988  |          |  |         | 5,084        |        |                  |            | 18  |    |      |    | 14  |      |  |     | 39  |   |  |     | 37  |  
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     | TOTAL Revenues Before Reimbursements |                |        | 15,547 |          |  |         | 13,673       |        |                  |            | 14  |    |      |    | 10  | %    |  |     | 100 | % |  |     | 100 | %
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | Reimbursements |        |        | 1,547    |  |         |              | 1,440  |                  |            |     | 7  |      |    |     |      |  |     |     |   |  |     |     |   | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 
|                                     |                                      | TOTAL REVENUES |        | $      | 17,094   |  |         | $            | 15,113 |                  |            |     | 13 | %    |    |     |      |  |     |     |   |  |     |     |   | 
|                                     |                                      |                |        |        |          |  |         |              |        |                  |            |     |    |      |    |     |      | 








|    |                                                                                                                                                                                                                                                                                                                                                                                                                
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Fiscal 2005 revenues before reimbursements on a geographic basis
    reflect minor reclassifications of intercompany eliminations.
    These reclassifications did not affect total revenues, revenues
    by operating group, or revenues by type of work. The
    reclassified quarterly revenues before reimbursements by
    geography can be found in Exhibit 99.1 to this Annual
    Report on Form 10-K.
|   
|(2) | EMEA includes Europe, the Middle East and Africa.                                                                                                                                                                                                                                                                                                                                                              



47



---



##### 



Year Ended August 31, 2005 Compared to Year Ended
August 31, 2004




| |         
| | --------
| | Revenues















48



---



##### 







| |                       
| | ----------------------
| | Operating
    Expenses









| |                     
| | --------------------
| | Cost of
    Services







| |                        
| | -----------------------
| | Sales and
    Marketing



49



---



##### 





| |                                     
| | ------------------------------------
| | General and Administrative
    Costs





| |                                                      
| | -----------------------------------------------------
| | Restructuring and
    Reorganization Costs (Benefits)





Operating Income






|                           |  |                       |       |                     |      |   |       |                     |  |   |               |   |  |   |      |  
|-------------------------- |  | --------------------- | ----- | ------------------- | ---- | - | ----- | ------------------- |  | - | ------------- | - |  | - | ---- | -
|                           |  | Year Ended August 31, |      
|                           |  |                       |      
|                           |  |                       |       | Increase (Decrease) |     
|                           |  |                       |       | Excluding           |     
|                           |  |                       |       | Reorganization and  |     
|                           |  | 2005                  |       |                     | 2004 |   |       | Increase (Decrease) |  |   | Restructuring |  
|                           |  |                       |       |                     |      |   |       |                     |  |   |               |  
|                           |  | (in millions)         |      
|Communications & High Tech |  | $                     | 673   |                     |      | $ | 404   |                     |  | $ | 269           |   |  | $ | 241  |  
|Financial Services         |  |                       | 500   |                     |      |   | 354   |                     |  |   | 146           |   |  |   | 119  |  
|Government                 |  |                       | 169   |                     |      |   | 311   |                     |  |   | (142          | ) |  |   | (160 | )
|Products                   |  |                       | 413   |                     |      |   | 415   |                     |  |   | (2            | ) |  |   | (29  | )
|Resources                  |  |                       | 356   |                     |      |   | 275   |                     |  |   | 81            |   |  |   | 63   |  
|                           |  |                       |       |                     |      |   |       |                     |  |   |               |  
|Total                      |  | $                     | 2,111 |                     |      | $ | 1,759 |                     |  | $ | 352           |   |  | $ | 234  |  
|                           |  |                       |       |                     |      |   |       |                     |  |   |               |  

50



---



##### 





|                           |  |                       |    |  |      |   |     |        |  |   |     | 
|-------------------------- |  | --------------------- | -- |  | ---- | - | --- | ------ |  | - | --- | 
|                           |  | Year Ended August 31, |   
|                           |  |                       |   
|Income (expense)           |  | 2005                  |    |  | 2004 |   |     | Change | 
|                           |  |                       |    |  |      |   |     |        | 
|                           |  | (in millions)         |   
|Communications & High Tech |  | $                     | 21 |  |      | $ | (7  | )      |  | $ | 28  | 
|Financial Services         |  |                       | 20 |  |      |   | (7  | )      |  |   | 27  | 
|Government                 |  |                       | 14 |  |      |   | (4  | )      |  |   | 18  | 
|Products                   |  |                       | 21 |  |      |   | (6  | )      |  |   | 27  | 
|Resources                  |  |                       | 13 |  |      |   | (5  | )      |  |   | 18  | 
|                           |  |                       |    |  |      |   |     |        | 
|Total                      |  | $                     | 89 |  |      | $ | (29 | )      |  | $ | 118 | 
|                           |  |                       |    |  |      |   |     |        | 





| |   |                                                                                                                                                                                                                                                                                                                                                                                             
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Communications & High Tech operating income increased
    primarily due to higher gross margins in fiscal 2005, reflecting
    strong consulting revenue growth in North America and EMEA, as
    well as the impact of lower-than-expected margins on three
    contracts in fiscal 2004.                                                                                                  
|
| |  | The increase in Financial Services operating income reflected a
    23% increase in revenues before reimbursements and improved
    margins.                                                                                                                                                                                                                                                
|
| |  | Government operating income decreased partly due to
    lower-than-expected margins attributable to temporary delays
    under the NHS Contracts, cost overruns associated with the
    development of reusable assets in connection with certain client
    contracts, delivery inefficiencies on a small number of other
    contracts and a favorable contract settlement in fiscal 2004.
|
| |  | Products operating income decreased slightly, due to
    lower-than-expected margins attributable to temporary delays
    under the NHS Contracts and delivery inefficiencies on a small
    number of other contracts, partially offset by a 20% increase in
    revenues.                                                                                                                 
|
| |  | The increase in Resources operating income was driven by
    increased revenues, reduced delivery costs and improved quality.                                                                                                                                                                                                                                                               



Gain on Investments, Net




Interest Income




51



---



##### 



Other (Expense) Income




Provision for Income Taxes




Minority Interest






Earnings Per Share




52



---



##### 



Year Ended August 31, 2004 Compared to Year Ended
August 31, 2003




|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      |  |     |    |   |  |     |    |   | 
|------------------------------------ | -------------------------- | -------------- | ------ | ----- | ---------------- |  | ------ | ---------------- | ---------- | -------------- | -------------- | --- | -- | ---- | - | --- | ---- |  | --- | -- | - |  | --- | -- | - | 
|                                     |                            |                |        |       |                  |  |        |                  |            | Percent of     |               
|                                     |                            |                |        |       |                  |  |        |                  |            | Total          |               
|                                     |                            |                |        |       |                  |  |        |                  |            | Revenues       |               
|                                     |                            |                |        |       |                  |  |        |                  |            | Before         |               
|                                     |                            |                |        |       |                  |  |        |                  |            | Reimbursements |               
|                                     |                            |                |        |       |                  |  |        | for the          |           
|                                     |                            | Year Ended     |        |       |                  |  |        |                  | Year Ended |               
|                                     |                            | August 31,     |        |       | Percent Increase |  |        |                  |            | August 31,     |               
|                                     |                            |                |        |       | (Decrease)       |  |        | Percent Increase |            |                |                |    
|                                     |                            | 2004           |        |       | 2003             |  |        | US$              |            |                | Local Currency |     |    | 2004 |   |     | 2003 | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | (in millions)  |        |       |                  |  |        |                  |            |                |               
|OPERATING GROUPS                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      |  |     |    |   |  |     |   
|                                     | Communications & High Tech |                | $      | 3,741 |                  |  | $      | 3,290            |            |                |                | 14  | %  |      |   | 8   | %    |  |     | 27 | % |  |     | 28 | %
|                                     | Financial Services         |                |        | 2,771 |                  |  |        | 2,355            |            |                |                | 18  |    |      |   | 9   |      |  |     | 20 |   |  |     | 20 |  
|                                     | Government                 |                |        | 1,995 |                  |  |        | 1,582            |            |                |                | 26  |    |      |   | 20  |      |  |     | 15 |   |  |     | 13 |  
|                                     | Products                   |                |        | 2,979 |                  |  |        | 2,613            |            |                |                | 14  |    |      |   | 7   |      |  |     | 22 |   |  |     | 22 |  
|                                     | Resources                  |                |        | 2,178 |                  |  |        | 1,966            |            |                |                | 11  |    |      |   | 3   |      |  |     | 16 |   |  |     | 17 |  
|                                     | Other                      |                |        | 9     |                  |  |        | 12               |            |                |                | n/m |    |      |   | n/m |      |  |     |   |   |  |     |   |  
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|TOTAL Revenues Before Reimbursements |                            |                | 13,673 |       |                  |  | 11,818 |                  |            |                | 16             |     |    |      | 9 | %   |      |  | 100 | %  |   |  | 100 | % 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | Reimbursements |        |       | 1,440            |  |        |                  | 1,579      |                |                |     | (9 | )    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | TOTAL REVENUES |        | $     | 15,113           |  |        | $                | 13,397     |                |                |     | 13 | %    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|GEOGRAPHY                            |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      |  |     |    |   |  |     |   
|                                     | Americas                   |                | $      | 6,133 |                  |  | $      | 5,671            |            |                |                | 8   | %  |      |   | 7   | %    |  |     | 45 | % |  |     | 48 | %
|                                     | EMEA                       |                |        | 6,572 |                  |  |        | 5,353            |            |                |                | 23  |    |      |   | 10  |      |  |     | 48 |   |  |     | 45 |  
|                                     | Asia Pacific               |                |        | 968   |                  |  |        | 794              |            |                |                | 22  |    |      |   | 12  |      |  |     | 7  |   |  |     | 7  |  
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|TOTAL Revenues Before Reimbursements |                            |                | 13,673 |       |                  |  | 11,818 |                  |            |                | 16             |     |    |      | 9 | %   |      |  | 100 | %  |   |  | 100 | % 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | Reimbursements |        |       | 1,440            |  |        |                  | 1,579      |                |                |     | (9 | )    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | TOTAL REVENUES |        | $     | 15,113           |  |        | $                | 13,397     |                |                |     | 13 | %    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|TYPE OF WORK                         |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      |  |     |    |   |  |     |   
|                                     | Consulting(1)              |                | $      | 8,589 |                  |  | $      | 8,048            |            |                |                | 7   | %  |      |   | 0   | %    |  |     | 63 | % |  |     | 68 | %
|                                     | Outsourcing(1)             |                |        | 5,084 |                  |  |        | 3,770            |            |                |                | 35  |    |      |   | 28  |      |  |     | 37 |   |  |     | 32 |  
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|TOTAL Revenues Before Reimbursements |                            |                | 13,673 |       |                  |  | 11,818 |                  |            |                | 16             |     |    |      | 9 | %   |      |  | 100 | %  |   |  | 100 | % 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | Reimbursements |        |       | 1,440            |  |        |                  | 1,579      |                |                |     | (9 | )    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 
|                                     |                            | TOTAL REVENUES |        | $     | 15,113           |  |        | $                | 13,397     |                |                |     | 13 | %    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |                  |  |        |                  |            |                |                |     |    |      |   |     |      | 








|    |                                                                                                                                                                                                                                  
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | For fiscal 2003, $335 million of revenues before
    reimbursements previously classified as Other have
    been reclassified to Consulting or
    Outsourcing type of work to conform to the fiscal
    2005 presentation.

53



---



##### 





| |         
| | --------
| | Revenues













54



---



##### 









| |                       
| | ----------------------
| | Operating
    Expenses







| |                     
| | --------------------
| | Cost of
    Services







| |                        
| | -----------------------
| | Sales and
    Marketing



55



---



##### 





| |                                     
| | ------------------------------------
| | General and Administrative
    Costs





| |                                                      
| | -----------------------------------------------------
| | Restructuring and
    Reorganization Costs (Benefits)







| |                     
| | --------------------
| | Operating
    Income





|                           |  |                       |       |                     |      |   |                    |            |  |   |               |   |  |   |     |  
|-------------------------- |  | --------------------- | ----- | ------------------- | ---- | - | ------------------ | ---------- |  | - | ------------- | - |  | - | --- | -
|                           |  | Year Ended August 31, |      
|                           |  |                       |      
|                           |  |                       |       | Increase (Decrease) |     
|                           |  |                       |       | Excluding           |     
|                           |  |                       |       | Increase            |      |   | Reorganization and |           
|                           |  | 2004                  |       |                     | 2003 |   |                    | (Decrease) |  |   | Restructuring |  
|                           |  |                       |       |                     |      |   |                    |            |  |   |               |  
|                           |  |                       |       | (in millions)       |      |   |                   
|Communications & High Tech |  | $                     | 404   |                     |      | $ | 321                |            |  | $ | 83            |   |  | $ | 95  |  
|Financial Services         |  |                       | 354   |                     |      |   | 306                |            |  |   | 48            |   |  |   | 59  |  
|Government                 |  |                       | 311   |                     |      |   | 282                |            |  |   | 29            |   |  |   | 36  |  
|Products                   |  |                       | 415   |                     |      |   | 428                |            |  |   | (13           | ) |  |   | (3  | )
|Resources                  |  |                       | 275   |                     |      |   | 214                |            |  |   | 61            |   |  |   | 69  |  
|                           |  |                       |       |                     |      |   |                    |            |  |   |               |  
|Total                      |  | $                     | 1,759 |                     |      | $ | 1,551              |            |  | $ | 208           |   |  | $ | 256 |  
|                           |  |                       |       |                     |      |   |                    |            |  |   |               |  

56



---



##### 





|                           |  |                       |     |   |      |   |    |        |  |   |     |  
|-------------------------- |  | --------------------- | --- | - | ---- | - | -- | ------ |  | - | --- | -
|                           |  | Year Ended August 31, |    
|                           |  |                       |    
|Income (expense)           |  | 2004                  |     |   | 2003 |   |    | Change | 
|                           |  |                       |     |   |      |   |    |        | 
|                           |  | (in millions)         |    
|Communications & High Tech |  | $                     | (7  | ) |      | $ | 5  |        |  | $ | (12 | )
|Financial Services         |  |                       | (7  | ) |      |   | 4  |        |  |   | (11 | )
|Government                 |  |                       | (4  | ) |      |   | 3  |        |  |   | (7  | )
|Products                   |  |                       | (6  | ) |      |   | 4  |        |  |   | (10 | )
|Resources                  |  |                       | (5  | ) |      |   | 3  |        |  |   | (8  | )
|                           |  |                       |     |   |      |   |    |        | 
|Total                      |  | $                     | (29 | ) |      | $ | 19 |        |  | $ | (48 | )
|                           |  |                       |     |   |      |   |    |        | 





| |   |                                                                                                                                                                                                                                                                
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Communications & High Tech operating income increased
    primarily due to a 14% increase in revenues before
    reimbursements, along with savings from cost-management
    initiatives and improved chargeability.                                           
|
| |  | The increase in Financial Services operating income was driven
    by an 18% increase in revenues before reimbursements, as well as
    savings from cost-management initiatives.                                                                              
|
| |  | Government operating income increased primarily due to a 26%
    increase in revenues before reimbursements, partly offset by
    higher business-development costs in support of large contracts
    and lower overall margins.                               
|
| |  | Products operating income decreased despite a 14% increase in
    revenues before reimbursements, primarily due to lower gross
    margins reflecting a decrease in consulting margins and the
    continued shift in our mix of business toward outsourcing.  
|
| |  | The increase in Resources operating income was driven by an 11%
    increase in revenues before reimbursements along with savings
    from cost-management initiatives and improved chargeability,
    offset by increases in outsourcing and consulting costs.



| |                    
| | -------------------
| | Interest
    Income





| |                           
| | --------------------------
| | Other Income
    (Expense)





| |                               
| | ------------------------------
| | Provision for Income
    Taxes



57



---



##### 







| |                      
| | ---------------------
| | 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 held by our partners, former partners and their permitted
    transferees and certain purchases from our other employees.





|                                                             |                      |                       |     |              |      |   |     |       |   |   |        |       |   |   |      |      |  
|------------------------------------------------------------ | -------------------- | --------------------- | --- | ------------ | ---- | - | --- | ----- | - | - | ------ | ----- | - | - | ---- | ---- | -
|                                                             |                      | Year Ended August 31, |    
|                                                             |                      |                       |    
|                                                             |                      |                       |     | 2005 to 2004 |     
|                                                             |                      | 2005                  |     |              | 2004 |   |     | 2003  |   |   | Change |      
|                                                             |                      |                       |     |              |      |   |     |       |   |   |        |      
|                                                             |                      | (in millions)         |    
|Net cash provided by (used in):                              |                      |                       |     |              |      |   |     |       |   |   |        |       |   |   |      |     
|                                                             | Operating activities |                       | $   | 1,887        |      |   | $   | 1,756 |   |   | $      | 1,544 |   |   | $    | 131  |  
|                                                             | Investing activities |                       |     | (575         | )    |   |     | (897  | ) |   |        | (109  | ) |   |      | 322  |  
|                                                             | Financing activities |                       |     | (1,377       | )    |   |     | (688  | ) |   |        | (523  | ) |   |      | (689 | )
|Effect of exchange rate changes on cash and cash equivalents |                      |                       | (4  | )            |      |   | 49  |       |   |   | 103    |       |   |   | (53  | )   
|                                                             |                      |                       |     |              |      |   |     |       |   |   |        |      
|Net (decrease) increase in cash and cash equivalents         |                      | $                     | (69 | )            |      | $ | 220 |       |   | $ | 1,015  |       |   | $ | (289 | )   
|                                                             |                      |                       |     |              |      |   |     |       |   |   |        |      

58



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##### 



Operating activities:


Investing activities:


Financing activities:


Borrowing Facilities




|                                                                                            |  |               |       | 
|------------------------------------------------------------------------------------------- |  | ------------- | ----- | 
|                                                                                            |  | Facility      |      
|                                                                                            |  | Amount        |      
|                                                                                            |  |               |      
|                                                                                            |  | (in millions) |      
|Syndicated loan facility(1)                                                                 |  | $             | 1,500 | 
|Separate bilateral, uncommitted, unsecured multicurrency
    revolving credit facilities(2) |  |               | 251   | 
|Local guaranteed and non-guaranteed lines of credit(2)                                      |  |               | 202   | 
|                                                                                            |  |               |      
|Total                                                                                       |  | $             | 1,953 | 
|                                                                                            |  |               |      






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | We have a $1,500 million syndicated loan facility maturing
    June 18, 2009 that provides unsecured, revolving borrowing
    capacity for general working capital purposes, including the
    issuance of letters of credit. Financing is provided under this
    facility at the prime rate or at the London Interbank Offered
    Rate plus a spread. This facility requires us to: (1) limit
    liens placed on our assets to (a) liens incurred in the
    ordinary course of business (subject to certain qualifications)
    and (b) other liens securing obligations not to exceed 30%
    of the Companys consolidated assets; and (2) maintain
    a debt-to-cash-flow ratio not exceeding 1.75 to 1.00. We
    continue to be in compliance with these terms. As of
    August 31, 2005, we had no borrowings

59



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##### 



| |                                                                                                                            
| | ---------------------------------------------------------------------------------------------------------------------------
| | under the facility and $54 million in letters of credit
    outstanding. The facility is subject to annual commitment fees.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | We maintain four separate bilateral, uncommitted, unsecured
    multicurrency revolving credit facilities. These facilities
    provide local-currency financing in countries where we cannot
    readily access our syndicated facilities. We also maintain local
    guaranteed and non-guaranteed lines of credit. At
    August 31, 2005, we had $4 million outstanding under
    these various facilities. Interest rate terms on the bilateral
    revolving facilities and local lines of credit are at market
    rates prevailing in the relevant local markets.





| |                     
| | --------------------
| | Client
    Financing



|                                                           |  |                  |     |  |      |   |     | 
|---------------------------------------------------------- |  | ---------------- | --- |  | ---- | - | --- | 
|                                                           |  | August 31,       |    
|                                                           |  |                  |    
|                                                           |  | 2005             |     |  | 2004 |  
|                                                           |  |                  |     |  |      |  
|                                                           |  | (in millions,    |    
|                                                           |  | except number of |    
|                                                           |  | clients)         |    
|Number of clients                                          |  |                  | 29  |  |      |   | 40  | 
|Client financing included in current unbilled services     |  | $                | 262 |  |      | $ | 243 | 
|Client financing included in non-current unbilled services |  |                  | 472 |  |      |   | 212 | 
|                                                           |  |                  |     |  |      |  
|Total client financing                                     |  | $                | 734 |  |      | $ | 455 | 
|                                                           |  |                  |     |  |      |  





| |                                    
| | -----------------------------------
| | Share Purchases and
    Redemptions



Open-Market Purchases




60



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##### 







| |                                                                 
| | ----------------------------------------------------------------
| | Share Management Plan and
    RSU Sell-Back Program Transactions









61



---



##### 





| |                                    
| | -----------------------------------
| | Other Redemptions and
    Purchases



Subsequent Developments








| |                                
| | -------------------------------
| | Obligations and
    Commitments



|                                     |  |                        |       |  |                  |   |     |           |  |   |           |  |  |                   |     |  |  |   |       | 
|------------------------------------ |  | ---------------------- | ----- |  | ---------------- | - | --- | --------- |  | - | --------- |  |  | ----------------- | --- |  |  | - | ----- | 
|                                     |  | Payments due by period |      
|                                     |  |                        |      
|Contractual Cash Obligations         |  | Total                  |       |  | Less than 1 year |   |     | 1-3 years |  |   | 3-5 years |  |  | More than 5 years |    
|                                     |  |                        |       |  |                  |   |     |           |  |   |           |  |  |                   |    
|                                     |  | (in millions)          |      
|Long-term debt                       |  | $                      | 62    |  |                  | $ | 17  |           |  | $ | 44        |  |  | $                 | 1   |  |  | $ |      | 
|Operating leases                     |  |                        | 2,541 |  |                  |   | 334 |           |  |   | 526       |  |  |                   | 419 |  |  |   | 1,262 | 
|Training facility services agreement |  |                        | 24    |  |                  |   | 20  |           |  |   | 4         |  |  |                   |    |  |  |   |      | 
|Retirement obligations(1)            |  |                        | 278   |  |                  |   | 41  |           |  |   | 73        |  |  |                   | 59  |  |  |   | 105   | 
|Other purchase commitments(2)        |  |                        | 444   |  |                  |   | 233 |           |  |   | 177       |  |  |                   | 27  |  |  |   | 7     | 
|                                     |  |                        |       |  |                  |   |     |           |  |   |           |  |  |                   |    
|Total                                |  | $                      | 3,349 |  |                  | $ | 645 |           |  | $ | 824       |  |  | $                 | 506 |  |  | $ | 1,374 | 
|                                     |  |                        |       |  |                  |   |     |           |  |   |           |  |  |                   |    






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



| |                                   
| | ----------------------------------
| | Off-Balance Sheet
    Arrangements



62



---



##### 







Newly Issued Accounting Standard


Share-Based Payment Accounting for
Stock-Based Compensation Accounting
for Stock Issued to Employees,






63



---



##### 












|         |                                                           
|-------- | ----------------------------------------------------------
|ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK



Foreign Currency Risk






Interest Rate Risk




Equity Price Risk




64



---



##### 








|        |                                            
|------- | -------------------------------------------
|ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA








|        |                                                                                         
|------- | ----------------------------------------------------------------------------------------
|ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
    AND FINANCIAL DISCLOSURE








|         |                        
|-------- | -----------------------
|ITEM 9A. | CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures




(b) Managements Report on Internal Control over
Financial Reporting






| |                                                                                                                                                                                                                                                                                                                                                                        
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (i) pertain to the maintenance of records that in
    reasonable detail accurately and fairly reflect the transactions
    and dispositions of the Companys assets;                                                                                                                                                                                                   
|
| | (ii) provide reasonable assurance that the transactions are
    recorded as necessary to permit preparation of financial
    statements in accordance with generally accepted accounting
    principles, and that the Companys receipts and
    expenditures are being made only in accordance with the
    authorization of management and/or Board of Directors; and
|
| | (iii) provide reasonable assurance regarding the prevention
    or timely detection of any unauthorized acquisition, use or
    disposition of company assets that could have a material effect
    on the Companys financial statements.                                                                                                                             







65



---



##### 





(c) Changes in Internal Control over Financial
Reporting











|         |                  
|-------- | -----------------
|ITEM 9B. | OTHER INFORMATION



66



---



##### 






PART III







|         |                                                   
|-------- | --------------------------------------------------
|ITEM 10. | DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT



Directors


Joe W. Forehand


William D. Green


Steven A. Ballmer


Dina Dublon


Dennis F. Hightower


William L. Kimsey


Robert I. Lipp


67



---



##### 





Blythe J. McGarvie


Sir Mark Moody-Stuart


Carlos Vidal


Wulf von Schimmelmann


Audit Committee




68



---



##### 





Section 16(a) Beneficial Ownership Reporting
Compliance




Code of Business Ethics relating to Directors and Executive
Officers




69



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##### 








|         |                       
|-------- | ----------------------
|ITEM 11. | EXECUTIVE COMPENSATION

Summary Compensation Table




|                   |                                    |                     |      |              |                               |  |              |           |  |            |           |        |           |        |   |              |        |  |           |     |  |  |        |   |  |  |   |   | 
|------------------ | ---------------------------------- | ------------------- | ---- | ------------ | ----------------------------- |  | ------------ | --------- |  | ---------- | --------- | ------ | --------- | ------ | - | ------------ | ------ |  | --------- | --- |  |  | ------ | - |  |  | - | - | 
|                   |                                    | Annual Compensation |      |              | Long-Term Compensation Awards | 
|                   |                                    |                     |      |              |                               | 
|                   |                                    |                     |      | Restricted   |                               |  | Securities   |           |  |           
|                   |                                    |                     |      | Other Annual |                               |  | Share Unit   |           |  | Underlying |           |        | All Other |       
|                   |                                    |                     |      | Bonus        |                               |  | Compensation |           |  | Award(s)   |           |        | Options   |        |   | Compensation |       
|                   |                                    | Year                |      |              | Salary($)                     |  |              | ($)(1)    |  |            | (#)(3)    |        |           | ($)(4) |   |              | (#)(5) |  |           | ($) | 
|                   |                                    |                     |      |              |                               |  |              |           |  |            |           |        |           |        |   |              |        |  |           |     | 
|William D. Green   |                                    |                     | 2005 |              |                               |  | 2,107,500    |           |  |            | 199,362   |        |           |        |  |              |        |  | 3,749,990 |     |  |  |       |   |  |  |  |  
|                   | Chief Executive Officer            |                     |      | 2004         |                               |  |              | 1,639,500 |  |            |           | 79,282 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|                   |                                    |                     |      | 2003         |                               |  |              | 1,518,000 |  |            |           | 67,735 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|Michael G. McGrath |                                    |                     | 2005 |              |                               |  | 1,785,808    |           |  |            | 1,122,929 | (2)    |           |        |  |              |        |  |          |     |  |  | 27,335 |   |  |  |  |  
|                   | Chief Financial Officer            |                     |      | 2004         |                               |  |              | 1,451,535 |  |            |           | 66,066 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|                   |                                    |                     |      | 2003         |                               |  |              | 1,716,000 |  |            |           | 76,570 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|Mark Foster        |                                    |                     | 2005 |              |                               |  | 2,211,040    |           |  |            | 202,612   |        |           |        |  |              |        |  | 1,874,995 |     |  |  | 32,529 |   |  |  |  |  
|                   | Chief Executive  Products         |                     |      | 2004         |                               |  |              | 1,557,748 |  |            |           | 72,350 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|                   | Operating Group                    |                     |      | 2003         |                               |  |              | 1,234,916 |  |            |           | 44,333 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|Karl-Heinz Flöther |                                    |                     | 2005 |              |                               |  | 2,063,106    |           |  |            | 191,609   |        |           |        |  |              |        |  | 1,874,995 |     |  |  | 28,975 |   |  |  |  |  
|                   | Chief Executive  Technology &     |                     |      | 2004         |                               |  |              | 1,482,226 |  |            |           | 71,638 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|                   | Delivery                           |                     |      | 2003         |                               |  |              | 1,261,069 |  |            |           | 56,282 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|Diego Visconti     |                                    |                     | 2005 |              |                               |  | 1,648,930    |           |  |            | 178,780   |        |           |        |  |              |        |  | 1,874,995 |     |  |  | 25,968 |   |  |  |  |  
|                   | Chief Executive  Communications & |                     |      | 2004         |                               |  |              | 1,302,130 |  |            |           | 80,556 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 
|                   | High Tech Operating Group          |                     |      | 2003         |                               |  |              | 1,225,695 |  |            |           | 56,985 |           |        |   |             |        |  |           |    |  |  |        |  |  |  |   |  | 




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Except as otherwise indicated, consists of variable compensation
    payments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|(2) | Includes an aggregate of $967,500 in cash incentive bonuses
    payable in connection with Mr. McGraths July 12,
    2004 appointment and continued service as Chief Financial
    Officer of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|(3) | The aggregate amount of perquisites and other personal benefits,
    securities or property received by any Named Executive Officer
    does not exceed $50,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|(4) | On March 4, 2005, each of Mssrs. Green, Foster,
    Flöther and Visconti was granted a performance-based award
    of restricted share units. Mr. Green received an award of
    147,812 restricted share units and each of Mssrs. Foster,
    Flöther and Visconti received an award of 73,906 restricted
    share units. These restricted share units may vest, in whole or
    in part, at the end of Accentures fiscal year ending
    August 31, 2007. The vesting schedule for the award is
    based on the achievement of certain targets for the period
    starting on September 1, 2004 and ending on August 31,
    2007 (the Performance Period), and vests based on
    two different sets of performance criteria. Up to 50% of the
    award will vest, in whole or in part, based upon
    Accentures total shareholder return, as compared to a
    group of peer companies during the Performance Period. The
    remaining 50% of the award will vest, in whole or in part, based
    upon the achievement of operating income targets by Accenture
    for the Performance Period. If dividends are declared on
    Accenture Ltd Class A common shares while the restricted
    share units are outstanding, the number of restricted share
    units to be granted will be adjusted to reflect the payment of
    such dividends. At August 31, 2005, the value of
    Mr. Greens award was $3,606,613, and the value of
    each of award granted to Mssrs. Foster, Flöther and
    Visconti was $1,803,306, based upon the last reported price of
    Accenture Ltd Class A common shares on that date.
|(5) | Indicates the number of Accenture Ltd Class A common shares
    underlying options granted on February 18, 2005. For more
    information on these option grants see  Option
    Grants in Last Fiscal Year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

Compensation Committee Interlocks




Compensation of Executive Officers




70



---



##### 



2 3




Compensation of Outside Directors








| |   |                                                                                                                                                                                                                                                                                                             
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | upon appointment to the Board of Directors, an initial grant of
    fully-vested restricted share units having, at the time of
    grant, an aggregate market value of $150,000, with delivery
    scheduled after twelve months;                                                                           
|
| |  | an annual grant of fully-vested restricted share units having,
    at the time of grant, an aggregate market value of $150,000,
    with delivery scheduled after twelve months; and                                                                                                                        
|
| |  | an annual retainer of $70,000, which may be received in the form
    of cash, fully-vested restricted share units with delivery
    scheduled after twelve months or a combination of cash and
    restricted share units except that our Lead Outside Director
    receives an annual retainer of $125,000.





| |   |                                                                                                                                                                                                                  
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | each member of our Audit Committee receives compensation of
    $5,000 each year; and                                                                                                                            
|
| |  | the Chairperson of each committee of the Board of Directors
    receives compensation of $5,000 each year, except that the
    Chairperson of the Audit Committee receives compensation of
    $10,000 each year.





71



---



##### 



Employment Contracts




Option Grants in Last Fiscal Year


|                   |  |                   |        |            |                            |  |      |           |                         |                |            |  |                         |    |           |  |     |   |         |  |  |   |           | 
|------------------ |  | ----------------- | ------ | ---------- | -------------------------- |  | ---- | --------- | ----------------------- | -------------- | ---------- |  | ----------------------- | -- | --------- |  | --- | - | ------- |  |  | - | --------- | 
|                   |  | Individual Grants |        |            |                           
|                   |  |                   |        |            | Potential Realizable Value | 
|                   |  |                   |        | Percent of |                            |  |      |           | at Assumed Annual Rates |               
|                   |  | Number of         |        |            | Total                      |  |      |           |                         | of Stock Price |           
|                   |  | Securities        |        |            | Options/SARs               |  |      | Exercise  |                         |                |            |  | Appreciation for Option |   
|                   |  | Underlying        |        |            | Granted to                 |  |      | or Base   |                         |                |            |  | Term($)                 |   
|                   |  | Option/SARs       |        |            | Employees in               |  |      | Price     |                         |                | Expiration |  |                         |    |          
|Name               |  | Granted (#)       |        |            | Fiscal Year                |  |      | ($/share) |                         |                | Date       |  |                         | 5% |           |  | 10% |  
|                   |  |                   |        |            |                            |  |      |           |                         |                |            |  |                         |    |           |  |     |  
|William D. Green   |  |                   |       |            |                            |  |     |           |                         |                |           |  |                         |    |          |  |     |   |        |  |  |   |          | 
|Michael G. McGrath |  |                   | 27,335 | (1)        |                            |  | 0.13 | %         |                         | $              | 24.73      |  |                         |    | 2/18/2015 |  |     | $ | 425,129 |  |  | $ | 1,077,361 | 
|Mark Foster        |  |                   | 32,529 | (2)        |                            |  | 0.15 | %         |                         |                | 24.73      |  |                         |    | 2/18/2015 |  |     |   | 505,909 |  |  |   | 1,282,074 | 
|Karl-Heinz Flöther |  |                   | 28,975 | (3)        |                            |  | 0.14 | %         |                         |                | 24.73      |  |                         |    | 2/18/2015 |  |     |   | 450,636 |  |  |   | 1,141,999 | 
|Diego Visconti     |  |                   | 25,968 | (1)        |                            |  | 0.12 | %         |                         |                | 25.44      |  |                         |    | 2/18/2015 |  |     |   | 385,452 |  |  |   | 1,005,067 | 




|    |                                                                                                                                                                                                                                                                                              
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Consists of a stock option granted on February 18, 2005.
    All shares were fully vested as of the grant date.                                                                                                                                                                              
|(2) | Consists of a stock option granted on February 18, 2005.
    One-third of the shares vested on August 31, 2005, and an
    additional one-third of the shares will vest on each of
    August 31, 2006 and August 31, 2007, subject to
    continued employment with the Company.            
|(3) | Consists of a stock option granted on February 18, 2005.
    One-third of the shares was fully vested as of the grant date,
    and an additional one-third of the shares will vest on each of
    August 31, 2006 and August 31, 2007, subject to
    continued employment with the Company.

Aggregated Option Exercises in Last Fiscal Year and Fiscal
Year-End Option Values


|                   |  |                |   |  |             |                      |                        |             |                      |                       |               |  |  |             |        |  |               |  |   |  |  |  |   | 
|------------------ |  | -------------- | - |  | ----------- | -------------------- | ---------------------- | ----------- | -------------------- | --------------------- | ------------- |  |  | ----------- | ------ |  | ------------- |  | - |  |  |  | - | 
|                   |  |                |   |  |             | Number of Securities |                        |             |                     
|                   |  |                |   |  |             | Underlying           |                        |             | Value of Unexercised |                      
|                   |  | Shares         |   |  |             |                      | Unexercised Options at |             |                      | In-the-money Options  |              
|                   |  | Acquired       |   |  |             |                      | August 31, 2005(#)     |             |                      | at August 31, 2005($) |              
|                   |  | Upon           |   |  | Value       |                      |                        |             |                      |                       |               | 
|Name               |  | Exercise(#)(1) |   |  | Realized($) |                      |                        | Exercisable |                      |                       | Unexercisable |  |  | Exercisable |        |  | Unexercisable | 
|                   |  |                |   |  |             |                      |                        |             |                      |                       |               |  |  |             |        |  |               | 
|William D. Green   |  |                |  |  |             |                      |                       |             |                      |                       |              |  |  |             |       |  |               |  |  |  |  |  |  | 
|Michael G. McGrath |  |                |  |  |             |                      |                       |             |                      |                       | 27,335        |  |  |             |       |  |               |  |  |  |  |  |  | 
|Mark Foster        |  |                |  |  |             |                      |                       |             |                      |                       | 10,842        |  |  |             | 21,687 |  |               |  |  |  |  |  |  | 
|Karl-Heinz Flöther |  |                |  |  |             |                      |                       |             |                      |                       | 9,658         |  |  |             | 19,317 |  |               |  |  |  |  |  |  | 
|Diego Visconti     |  |                |  |  |             |                      |                       |             |                      |                       | 25,968        |  |  |             |       |  |               |  |  |  |  |  |  | 




|    |                                                                                   
|--- | ----------------------------------------------------------------------------------
|(1) | None of the Named Executive Officers exercised any options
    during fiscal 2005.

72



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##### 








|         |                                                                   
|-------- | ------------------------------------------------------------------
|ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
    MANAGEMENT

Beneficial Ownership of More than Five Percent




|                                                                                                 |  |                       |            |     |                       |  |      |                   |  |  |              |     |  |                     |      |  |  |  |      | 
|------------------------------------------------------------------------------------------------ |  | --------------------- | ---------- | --- | --------------------- |  | ---- | ----------------- |  |  | ------------ | --- |  | ------------------- | ---- |  |  |  | ---- | 
|                                                                                                 |  | Accenture Ltd Class A |            |     | Accenture Ltd Class X |  |      |                  
|                                                                                                 |  | common shares         |            |     | common shares         |  |      | Percentage of the | 
|                                                                                                 |  |                       |            |     |                       |  |      | total number of   | 
|                                                                                                 |  | Shares                |            |     | % of Shares           |  |      | Shares            |  |  | % of Shares  |     |  | Class A and Class X |     
|                                                                                                 |  | beneficially          |            |     | beneficially          |  |      | beneficially      |  |  | beneficially |     |  | common shares       |     
|Name and Address of Beneficial Owner                                                             |  | owned                 |            |     | owned                 |  |      | owned             |  |  | owned        |     |  | beneficially owned  |     
|                                                                                                 |  |                       |            |     |                       |  |      |                   |  |  |              |     |  |                     |     
|Stichting Naritaweg I
    Naritaweg 155
    1043 BW Amsterdam
    The Netherlands                |  |                       |           |     |                       |  |     |                   |  |  | 18,018,794   | (1) |  |                     | 6.3% |  |  |  | 2.1% | 
|Stichting Naritaweg II
    Naritaweg 155
    1043 BW Amsterdam
    The Netherlands               |  |                       |           |     |                       |  |     |                   |  |  | 21,395,634   | (1) |  |                     | 7.5% |  |  |  | 2.5% | 
|Wellington Management Co. LLP
    75 State Street
    Boston, Massachusetts 02109                |  |                       | 40,013,545 | (2) |                       |  | 7.0% |                   |  |  |             |     |  |                     |     |  |  |  | 4.7% | 
|Massachusetts Financial Services Company
    500 Boylston Street
    Boston, Massachusetts 02116 |  |                       | 29,511,390 | (3) |                       |  | 5.2% |                   |  |  |             |     |  |                     |     |  |  |  | 3.4% | 
|Barclays Global Investors, NA et. al.
    45 Fremont Street
    San Francisco, California 94105  |  |                       | 29,424,290 | (4) |                       |  | 5.1% |                   |  |  |             |     |  |                     |     |  |  |  | 3.4% | 




|    |                                                                                                                                                                                                                                                                                                                                                                                          
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Two Dutch foundations, Stichting Naritaweg I and Stichting
    Naritaweg II, hold Accenture Ltd Class X common shares that
    would otherwise have been held by some of our partners.                                                                                                                                                                                                   
|(2) | Based on information set forth in a Schedule 13G filed with
    the Securities and Exchange Commission on February 14, 2005
    by Wellington Management Co. LLP, reporting shared power to vote
    or direct the vote over 26,863,147 Class A common shares
    and shared power to dispose or direct the disposition of
    40,013,545 Class A common shares.                         
|(3) | Based on information set forth in a Schedule 13G filed with
    the Securities and Exchange Commission on February 8, 2005
    by Massachusetts Financial Services Company, reporting sole
    power to vote or direct the vote over 26,545,447 Class A
    common shares and sole power to dispose or direct the
    disposition of 29,511,390 Class A common shares.                   
|(4) | Based on information set forth in a Schedule 13G filed with
    the Securities and Exchange Commission on February 15, 2005
    by Barclays Global Investors, NA and certain related entities,
    reporting sole power to vote or direct the vote over 27,145,076
    Class A common shares and sole power to dispose or direct
    the disposition of 29,424,290 Class A common shares.



Security Ownership of Directors and Executive Officers




73



---



##### 





|                                                             |  |                       |           |   |                       |  |     |                       |   |  |                   |  |  |              |    |   |                 |  |           |                     |  |  |     |   |  |  |      |  
|------------------------------------------------------------ |  | --------------------- | --------- | - | --------------------- |  | --- | --------------------- | - |  | ----------------- |  |  | ------------ | -- | - | --------------- |  | --------- | ------------------- |  |  | --- | - |  |  | ---- | -
|                                                             |  | Accenture SCA Class I |           |   | Accenture Ltd Class A |  |     | Accenture Ltd Class X |   |  |                  
|                                                             |  | common shares         |           |   | common shares         |  |     | common shares         |   |  |                  
|                                                             |  |                       |           |   |                       |  |     |                       |   |  | Percentage of the | 
|                                                             |  |                       |           | % |                       |  |     |                       | % |  |                   |  |  | %            |    |   | total number of | 
|                                                             |  | shares                |           |   | shares                |  |     | shares                |   |  | shares            |  |  | shares       |    |   | shares          |  |           | Class A and Class X | 
|                                                             |  | beneficially          |           |   | beneficially          |  |     | beneficially          |   |  | beneficially      |  |  | beneficially |    |   | beneficially    |  |           | common shares       | 
|Name(1)                                                      |  | owned                 |           |   | owned                 |  |     | owned                 |   |  | owned             |  |  | owned        |    |   | owned           |  |           | beneficially owned  | 
|                                                             |  |                       |           |   |                       |  |     |                       |   |  |                   |  |  |              |    |   |                 |  |           |                     | 
|Joe W. Forehand(2)(3)                                        |  |                       | 570,352   |   |                       |  | *   | %                     |   |  | 1,000             |  |  |              | ** | % |                 |  | 570,352   |                     |  |  | *** | % |  |  | **** |  
|William D. Green(2)                                          |  |                       | 832,031   |   |                       |  | *   |                       |   |  |                  |  |  |              |   |   |                 |  | 832,031   |                     |  |  | *** |   |  |  | **** |  
|Steven A. Ballmer                                            |  |                       |          |   |                       |  |    |                       |   |  |                  |  |  |              |   |   |                 |  |          |                     |  |  |    |   |  |  |     |  
|Dina Dublon(4)                                               |  |                       |          |   |                       |  |    |                       |   |  | 62,301            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Dennis F. Hightower(5)                                       |  |                       |          |   |                       |  |    |                       |   |  | 35,000            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|William L. Kimsey(6)                                         |  |                       |          |   |                       |  |    |                       |   |  | 36,094            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Robert I. Lipp(4)                                            |  |                       |          |   |                       |  |    |                       |   |  | 199,448           |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Blythe J. McGarvie(4)                                        |  |                       |          |   |                       |  |    |                       |   |  | 59,603            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Mark Moody-Stuart(4)                                         |  |                       |          |   |                       |  |    |                       |   |  | 73,081            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Wulf von Schimmelmann(7)                                     |  |                       |          |   |                       |  |    |                       |   |  | 55,000            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Carlos Vidal(2)(8)                                           |  |                       | 324,225   |   |                       |  | *   |                       |   |  | 9,020             |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Karl-Heinz Flöther(9)                                        |  |                       |          |   |                       |  |    |                       |   |  | 241,245           |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Mark Foster(10)                                              |  |                       |          |   |                       |  |    |                       |   |  | 537,042           |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|Michael G. McGrath(2)(11)                                    |  |                       | 693,999   |   |                       |  | *   |                       |   |  | 27,335            |  |  |              | ** |   |                 |  | 693,999   |                     |  |  | *** |   |  |  | **** |  
|Diego Visconti(2)(12)                                        |  |                       | 630,878   |   |                       |  | *   |                       |   |  | 25,968            |  |  |              | ** |   |                 |  |          |                     |  |  |    |   |  |  | **** |  
|All directors and executive officers as a group (23 persons) |  |                       | 5,491,962 |   |                       |  | 2.0 | %                     |   |  | 2,489,230         |  |  |              | ** | % |                 |  | 4,536,859 |                     |  |  | 1.6 | % |  |  | **** | %
|                                                             |  |                       |           |   |                       |  |     |                       |   |  |                   |  |  |              |    |   |                 |  |           |                     | 




|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|*    | Less than 1% of Accenture SCAs Class I common shares
    outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|**   | Less than 1% of Accenture Ltds Class A common shares
    outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|***  | Less than 1% of Accenture Ltds Class X common shares
    outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|**** | Less than 1% of the total number of Accenture Ltds
    Class A common shares and Class X common shares
    outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|(1)  | Address for all persons listed is c/o Accenture, 1661 Page
    Mill Road, Palo Alto, California 94304 USA.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|(2)  | Subject to the provisions of its Articles of Association,
    Accenture SCA is obligated, at the option of the holder of its
    shares and at any time, to redeem any outstanding Accenture SCA
    Class I common shares held by the holder. The redemption
    price per share generally is equal to its current market value
    as determined in accordance with Accenture SCAs Articles
    of Association. See Business  Organizational
    Structure  Accenture SCA Class I Common
    Shares. Accenture SCA has the option to pay this
    redemption price with cash or by delivering Accenture Ltd
    Class A common shares on a one-for-one basis. Each time an
    Accenture SCA Class I common share is redeemed from a
    holder, Accenture Ltd has the option, and intends to, redeem an
    Accenture Ltd Class X common share from that holder, for a
    redemption price equal to the par value of the Accenture Ltd
    Class X common share, or $.0000225.
|(3)  | Includes 200,000 Accenture SCA Class I common shares held
    by a limited partnership in which Mr. Forehand has a
    beneficial interest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|(4)  | Includes 55,000 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(5)  | Consists of 35,000 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|(6)  | Includes 35,000 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(7)  | Consists of 55,000 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|(8)  | Consists of 9,020 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|(9)  | Includes 9,658 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|(10) | Includes 10,842 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

74



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##### 



|     |                                                                                                                                                                  
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------
|(11) | Consists of 27,335 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.
|(12) | Consists of 25,968 Accenture Ltd Class A common shares that
    could be acquired through the exercise of stock options within
    60 days from October 24, 2005.

Equity Compensation Plan Information




|                                                       |                                   |                                    |             |             |                              |                            |     |                               |  |  |             |             | 
|------------------------------------------------------ | --------------------------------- | ---------------------------------- | ----------- | ----------- | ---------------------------- | -------------------------- | --- | ----------------------------- |  |  | ----------- | ----------- | 
|                                                       |                                   |                                    |             |             |                              | Number of shares remaining |    
|                                                       |                                   | Number of shares to be issued upon |             |             | Weighted average exercise    |                            |     | available for future issuance | 
|                                                       |                                   | exercise of outstanding options,   |             |             | price of outstanding         |                            |     | (excluding securities         | 
|Plan Category                                          |                                   | warrants and rights                |             |             | options, warrants and rights |                            |     | reflected in 1st column)      | 
|                                                       |                                   |                                    |             |             |                              |                            |     |                               | 
|Equity compensation plans approved by shareholders:    |                                   |                                    |             |             |                              |                            |     |                               |  |  |             |            
|                                                       | 2001 Share Incentive Plan         |                                    |             | 106,029,687 | (1)                          |                            | $   | 12.72                         |  |  |             | 183,163,938 | 
|                                                       | 2001 Employee Share Purchase Plan |                                    |             |            |                              |                            |     | N/A                           |  |  |             | 38,777,959  | 
|Equity compensation plans not approved by shareholders |                                   |                                    |            |             |                              |                            | N/A |                               |  |  |            |            
|                                                       |                                   |                                    |             |             |                              |                            |     |                               | 
|Total                                                  |                                   |                                    | 106,029,687 |             |                              |                            |     |                               |  |  | 221,941,897 |            
|                                                       |                                   |                                    |             |             |                              |                            |     |                               | 




|    |                                                                                                                                               
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Consists of 73,848,900 stock options with a weighted average
    exercise price of $18.27 per share and 32,180,787
    restricted share units.






|         |                                       
|-------- | --------------------------------------
|ITEM 13. | CERTAIN TRANSACTIONS AND RELATIONSHIPS

Partner Liquidity Arrangements




Partner Tax Costs




Transactions with Directors




75



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##### 








|         |                                       
|-------- | --------------------------------------
|ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES



|                      |  |                |        |  |      |   |       | 
|--------------------- |  | -------------- | ------ |  | ---- | - | ----- | 
|                      |  | 2005           |        |  | 2004 |  
|                      |  |                |        |  |      |  
|                      |  | (in thousands) |       
|Audit Fees(1)         |  | $              | 11,091 |  |      | $ | 6,425 | 
|Audit Related Fees(2) |  |                | 1,004  |  |      |   | 2,742 | 
|Tax Fees(3)           |  |                | 26     |  |      |   | 652   | 
|All Other Fees(4)     |  |                | 202    |  |      |   | 130   | 
|                      |  |                |        |  |      |  
|Total                 |  | $              | 12,323 |  |      | $ | 9,949 | 
|                      |  |                |        |  |      |  






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Audit Fees, including those for statutory audits, include the
    aggregate fees expensed by Accenture during the fiscal year
    indicated for professional services rendered by KPMG for the
    audit of Accenture Ltds and Accenture SCAs annual
    financial statements and review of financial statements included
    in Accentures Forms 10-Q and Form 10-K. For
    fiscal 2005, Audit Fees includes fees for the audit of
    Accentures internal control over financial reporting.                                                                                                   
|(2) | Audit Related Fees include the aggregate fees expensed by
    Accenture during the fiscal year indicated for assurance and
    related services by KPMG that are reasonably related to the
    performance of the audit or review of Accenture Ltds and
    Accenture SCAs financial statements and not included in
    Audit Fees, including review of registration statements and
    issuance of consents. Audit Related Fees also include fees for
    accounting advice and opinions related to various employee
    benefit plans and fees for internal control documentation
    assistance.
|(3) | Tax Fees include the aggregate fees expensed by Accenture during
    the fiscal year indicated for professional services rendered by
    KPMG for tax compliance, tax advice and tax planning.                                                                                                                                                                                                                                                                                                                                                                                                       
|(4) | All Other Fees include the aggregate fees expensed by Accenture
    during the fiscal year indicated for products and services
    provided by KPMG, other than the services reported above,
    including due diligence reviews.                                                                                                                                                                                                                                                                                                                                                                    

Procedures For Audit Committee Pre-Approval of Audit and
Permissible Non-Audit Services of Independent Auditor






76



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##### 








|         |                                        
|-------- | ---------------------------------------
|ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES





|   |                                                                                                                                                                
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Financial Statements as of August 31, 2005 and
    August 31, 2004 and for the three years ended
    August 31, 2005Included in Part II of this
    Form 10-K:



| |                                                                          
| | -------------------------------------------------------------------------
| | Consolidated Balance Sheets                                              
|
| | Consolidated Income Statements                                           
|
| | Consolidated Shareholders Equity and Comprehensive Income
    Statements
|
| | Consolidated Cash Flows Statements                                       
|
| | Notes to Consolidated Financial Statements                               





| |     
| | ----
| | None



|        |    |     |         |                                                                                                                                                                                                                                                                                 
|------- | -- | --- | ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |     |        
|Number  |    |     | Exhibit
|        |    |     |        
|        | 3  | .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 Partner Matters Agreement, dated as of April 18,
    2001, among the Registrant and the partners party thereto
    (incorporated by reference to Exhibit 10.1 to the
    April 19, 2001 Form S-1).                                                                      
|        | 10 | .2  |         | Form of Non-Competition Agreement, dated as of April 18,
    2001, among the Registrant and certain employees (incorporated
    by reference to Exhibit 10.2 to the April 19, 2001
    Form S-1).                                                                               
|        | 10 | .3  |         | 2001 Share Incentive Plan (incorporated by reference to
    Exhibit 10.3 to the Registrants Registration
    Statement on Form S-1/A filed on June 8, 2001 (the
    June 8, 2001 S-1/A)).                                                                                    
|        | 10 | .4  |         | 2001 Employee Share Purchase Plan (incorporated by reference to
    Exhibit 10.4 to the June 8, 2001 S-1/A).                                                                                                                                                                    
|        | 10 | .5  |         | 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 | .6  |         | Form of Accenture SCA Transfer Rights Agreement, dated as of
    April 18, 2001, among Accenture SCA and the covered persons
    party thereto as amended and restated as of February 3,
    2005 (incorporated by reference to Exhibit 10.2 to the
    February 28, 2005 10-Q).
|        | 10 | .7  |         | Form of Non-Competition Agreement, dated as of April 18,
    2001, among Accenture SCA and certain employees (incorporated by
    reference to Exhibit 10.7 to the April 19, 2001
    Form S-1).                                                                                
|        | 10 | .8  |         | Form of Letter Agreement, dated April 18, 2001, between
    Accenture SCA and certain shareholders of Accenture SCA
    (incorporated by reference to Exhibit 10.8 to the
    April 19, 2001 Form S-1).                                                                         
|        | 10 | .9  |         | Form of Support Agreement, dated as of May 23, 2001,
    between the Registrant and Accenture Canada Holdings Inc.
    (incorporated by reference to Exhibit 10.9 to the
    July 2, 2001 Form S-1/A).                                                                          
|        | 10 | .10 |         | Form of Employment Agreement of Messrs. Cole, Coughlan,
    Frerichs, Green, McGrath, Rohleder and Scrivner and
    Ms. Comerford (incorporated by reference to
    Exhibit 10.10 to the June 8, 2001 S-1/A).                                                                   
|        | 10 | .11 |         | Form of Employment Agreement of Karl-Heinz Flöther
    (incorporated by reference to Exhibit 10.3 to the
    November 30, 2001 10-Q).                                                                                                                                           

77



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##### 



|        |    |     |         |                                                                                                                                                                                                                                                                                                                                                                 
|------- | -- | --- | ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |     |        
|Number  |    |     | Exhibit
|        |    |     |        
|        | 10 | .13 |         | Form of Employment Agreement of Diego Visconti (English
    translation) (incorporated by reference to Exhibit 10.6 to
    the November 30, 2001 10-Q).                                                                                                                                                                                                         
|        | 10 | .14 |         | Form of Employment Agreement of Messrs. Foster, Lajtha and
    Thomlinson (incorporated by reference to Exhibit 10.8 to
    the November 30, 2001 10-Q).                                                                                                                                                                                                        
|        | 10 | .15 |         | Form of Articles of Association of Accenture Canada Holdings
    Inc. (incorporated by reference to Exhibit 10.11 to the
    July 2, 2001 Form S-1/A).                                                                                                                                                                                                          
|        | 10 | .16 |         | Form of Exchange Trust Agreement by and between 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 Letter Agreement, dated May 21, 2001, between the
    Registrant and Stichting Naritaweg I (incorporated by reference
    to Exhibit 10.13 to the July 2, 2001 Form S-1/A).                                                                                                                                                                             
|        | 10 | .18 |         | Form of Letter Agreement, dated May 21, 2001, between the
    Registrant and Stichting Naritaweg II (incorporated by
    reference to Exhibit 10.14 to the July 2, 2001
    Form S-1/A).                                                                                                                                                                        
|        | 10 | .19 |         | Form of Transfer Restriction Agreement dated as of
    October 1, 2002 among Accenture Ltd and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 9.1 to the November 30, 2002 10-Q).                                                                                                                              
|        | 10 | .20 |         | Form of Transfer Restriction Agreement dated as of
    October 1, 2002 among Accenture SCA and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 9.1 to Accenture SCAs November 30,
    2002 10-Q).                                                                                                              
|        | 10 | .21 |         | Form of First Amendment, dated as of May 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit (d)(13) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on
    September 30, 2003). 
|        | 10 | .22 |         | Form of First Amendment, dated as of May 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit (d)(14) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on
    September 30, 2003). 
|        | 10 | .23 |         | Form of Second Amendment, dated as of October 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit (d)(15) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on April 29,
    2004).
|        | 10 | .24 |         | Form of Second Amendment, dated as of October 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit (d)(16) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on April 29,
    2004).
|        | 10 | .25 |         | Form of Ltd Transfer Restriction Agreement for the Accenture
    Family and Charitable Transfer Program dated as of April 1,
    2005 among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 10.3 to the May 31, 2005 10-Q).                                                                   
|        | 10 | .26 |         | Form of SCA Transfer Restriction Agreement for the Accenture
    Family and Charitable Transfer Program dated as of April 1,
    2005 among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 10.2 to the May 31, 2005 10-Q).                                                                   
|        | 10 | .27 |         | Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture Ltd) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture Ltd and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.5 to the May 31, 2005 10-Q).                     
|        | 10 | .28 |         | Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture SCA) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture SCA and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.4 to the May 31, 2005 10-Q).                     
|        | 10 | .29 |         | Form of RSU grant for senior executives pursuant to the
    Accenture 2001 Employee Share Incentive Plan (incorporated by
    reference to Exhibit 4.1 to the November 30, 2004
    10-Q).                                                                                                                                                                      

78



---



##### 



|        |    |     |         |                                                                                                                                                                                                    
|------- | -- | --- | ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |     |        
|Number  |    |     | Exhibit
|        |    |     |        
|        | 10 | .30 |         | Form of stock option grant for senior executives pursuant to the
    Accenture 2001 Employee Share Incentive Plan (incorporated by
    reference to Exhibit 4.2 to the November 30,
    2004 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  |         | Schedule of reclassified quarterly revenues before
    reimbursements by geography for fiscal 2005 (filed herewith).                                                                               
|        | 99 | .2  |         | Accenture Ltd 2001 Employee Share Purchase Plan Financial
    Statements (filed herewith).                                                                                                         

79



---



##### 



SIGNATURES






| |              
| | -------------
| | Accenture Ltd



| |     |                     
| | --- | --------------------
| | By: | /s/ William D. Green

| |                               
| | ------------------------------
| |                               
| | Name: William D. Green        
| | Title: Chief Executive Officer

POWER OF ATTORNEY






|                                       |  |                                                                        |  | 
|-------------------------------------- |  | ---------------------------------------------------------------------- |  | 
|Signature                              |  | Title                                                                 
|                                       |  |                                                                       
|                                      
|/s/ Joe W. ForehandJoe W. Forehand     |  | Chairman of the Board                                                 
|                                      
|/s/ William D. GreenWilliam D. Green   |  | Chief Executive Officer and Director
    (principal executive officer)
|                                      
|/s/ Steven A. BallmerSteven A. Ballmer |  | Director                                                              



---



##### 



|                                                   |  |                                                                                |  | 
|-------------------------------------------------- |  | ------------------------------------------------------------------------------ |  | 
|Signature                                          |  | Title                                                                         
|                                                   |  |                                                                               
|                                                  
|/s/ Dina DublonDina Dublon                         |  | Director                                                                      
|                                                  
|/s/ Dennis F. HightowerDennis F. Hightower         |  | Director                                                                      
|                                                  
|/s/ William L. KimseyWilliam L. Kimsey             |  | Director                                                                      
|                                                  
|/s/ Robert I. LippRobert I. Lipp                   |  | Director                                                                      
|                                                  
|/s/ Blythe J. McGarvieBlythe J. McGarvie           |  | Director                                                                      
|                                                  
|/s/ Sir Mark
    Moody-StuartSir Mark Moody-Stuart |  | Director                                                                      
|                                                  
|/s/ Carlos VidalCarlos Vidal                       |  | Director                                                                      
|                                                  
|/s/ Wulf von
    SchimmelmannWulf von Schimmelmann |  | Director                                                                      
|                                                  
|                                                  
|/s/ Michael G. McGrathMichael G. McGrath           |  | 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


|                                                                                                                                   |                                                                           |      |     |     | 
|---------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------- | ---- | --- | --- | 
|                                                                                                                                   |                                                                           | Page |    
|                                                                                                                                   |                                                                           |      |    
|Reports of Independent Registered Public Accounting Firm                                                                           |                                                                           |      | F-2 |    
|Consolidated Financial Statements as of August 31, 2005 and
    August 31, 2004 and for the three years ended
    August 31, 2005: |                                                                           |      |     |    
|                                                                                                                                   | Consolidated Balance Sheets                                               |      |     | F-4 | 
|                                                                                                                                   | Consolidated Income Statements                                            |      |     | F-5 | 
|                                                                                                                                   | Consolidated Shareholders Equity and Comprehensive Income
    Statements |      |     | F-6 | 
|                                                                                                                                   | Consolidated Cash Flows Statements                                        |      |     | F-8 | 
|Notes to Consolidated Financial Statements                                                                                         |                                                                           |      | F-9 |    

F-1



---



##### 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and Shareholders


Accenture Ltd:
















F-2



---



##### 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


The Board of Directors and Shareholders


Accenture Ltd:




















F-3



---



##### 



ACCENTURE LTD


CONSOLIDATED BALANCE SHEETS


August 31, 2005 and 2004


(In thousands of U.S. dollars, except share and per
share amounts)


|                                           |                                                                                                                                                                                                            |                               |           |           |           |   |           |           |           | 
|------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | --------- | --------- | --------- | - | --------- | --------- | --------- | 
|                                           |                                                                                                                                                                                                            | 2005                          |           |           | 2004      |  
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|ASSETS                                     |                                                                                                                                                                                                            |                               |           |           |           |   |           |          
|CURRENT ASSETS:                            |                                                                                                                                                                                                            |                               |           |           |           |   |           |          
|                                           | Cash and cash equivalents                                                                                                                                                                                  |                               | $         | 2,483,990 |           |   | $         | 2,552,958 |          
|                                           | Short-term investments                                                                                                                                                                                     |                               |           | 463,460   |           |   |           | 285,288   |          
|                                           | Receivables from clients, net of allowances of $40,821 and
    $40,687                                                                                                                                     |                               |           | 1,752,937 |           |   |           | 1,662,211 |          
|                                           | Unbilled services                                                                                                                                                                                          |                               |           | 1,353,676 |           |   |           | 1,049,870 |          
|                                           | Deferred income taxes, net                                                                                                                                                                                 |                               |           | 121,386   |           |   |           | 87,636    |          
|                                           | Other current assets                                                                                                                                                                                       |                               |           | 509,818   |           |   |           | 501,231   |          
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|                                           |                                                                                                                                                                                                            | Total current assets          |           |           | 6,685,267 |   |           |           | 6,139,194 | 
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|NON-CURRENT ASSETS:                        |                                                                                                                                                                                                            |                               |           |           |           |   |           |          
|                                           | Unbilled services                                                                                                                                                                                          |                               |           | 472,430   |           |   |           | 211,705   |          
|                                           | Investments                                                                                                                                                                                                |                               |           | 262,873   |           |   |           | 340,121   |          
|                                           | Property and equipment, net                                                                                                                                                                                |                               |           | 693,710   |           |   |           | 643,946   |          
|                                           | Goodwill                                                                                                                                                                                                   |                               |           | 378,488   |           |   |           | 214,482   |          
|                                           | Deferred income taxes, net                                                                                                                                                                                 |                               |           | 291,033   |           |   |           | 327,045   |          
|                                           | Other non-current assets                                                                                                                                                                                   |                               |           | 173,551   |           |   |           | 136,991   |          
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|                                           |                                                                                                                                                                                                            | Total non-current assets      |           |           | 2,272,085 |   |           |           | 1,874,290 | 
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|TOTAL ASSETS                               |                                                                                                                                                                                                            | $                             | 8,957,352 |           |           | $ | 8,013,484 |          
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|                                          
|LIABILITIES AND SHAREHOLDERS EQUITY       |                                                                                                                                                                                                            |                               |           |           |           |   |           |          
|CURRENT LIABILITIES:                       |                                                                                                                                                                                                            |                               |           |           |           |   |           |          
|                                           | Short-term bank borrowings                                                                                                                                                                                 |                               | $         | 13,681    |           |   | $         | 20,103    |          
|                                           | Current portion of long-term debt                                                                                                                                                                          |                               |           | 17,391    |           |   |           | 16,612    |          
|                                           | Accounts payable                                                                                                                                                                                           |                               |           | 807,317   |           |   |           | 523,931   |          
|                                           | Deferred revenues                                                                                                                                                                                          |                               |           | 1,284,303 |           |   |           | 980,461   |          
|                                           | Accrued payroll and related benefits                                                                                                                                                                       |                               |           | 1,430,998 |           |   |           | 1,463,126 |          
|                                           | Income taxes payable                                                                                                                                                                                       |                               |           | 831,399   |           |   |           | 795,948   |          
|                                           | Deferred income taxes, net                                                                                                                                                                                 |                               |           | 42,609    |           |   |           | 42,744    |          
|                                           | Other accrued liabilities                                                                                                                                                                                  |                               |           | 434,691   |           |   |           | 550,864   |          
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|                                           |                                                                                                                                                                                                            | Total current liabilities     |           |           | 4,862,389 |   |           |           | 4,393,789 | 
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|NON-CURRENT LIABILITIES:                   |                                                                                                                                                                                                            |                               |           |           |           |   |           |          
|                                           | Long-term debt                                                                                                                                                                                             |                               |           | 44,116    |           |   |           | 32,161    |          
|                                           | Retirement obligation                                                                                                                                                                                      |                               |           | 753,558   |           |   |           | 577,307   |          
|                                           | Deferred income taxes, net                                                                                                                                                                                 |                               |           | 5,621     |           |   |           | 18,769    |          
|                                           | Other non-current liabilities                                                                                                                                                                              |                               |           | 613,795   |           |   |           | 578,689   |          
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|                                           |                                                                                                                                                                                                            | Total non-current liabilities |           |           | 1,417,090 |   |           |           | 1,206,926 | 
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|MINORITY INTEREST                          |                                                                                                                                                                                                            |                               | 980,959   |           |           |   | 940,963   |          
|SHAREHOLDERS 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, 602,705,936 and
    591,496,780 shares issued as of August 31, 2005 and
    2004, respectively                |                               |           | 13        |           |   |           | 13        |          
|                                           | Class X common shares, par value $0.0000225 per share,
    1,000,000,000 shares authorized, 321,088,062 and
    365,324,882 shares issued and outstanding as of
    August 31, 2005 and 2004, respectively |                               |           | 7         |           |   |           | 9         |          
|                                           | Restricted share units (related to Class A common shares)
    32,180,787 and 28,278,704 units issued and outstanding as
    of August 31, 2005 and 2004, respectively                                      |                               |           | 606,623   |           |   |           | 475,240   |          
|                                           | Deferred compensation                                                                                                                                                                                      |                               |           | (240,915  | )         |   |           | (150,777  | )        
|                                           | Additional paid-in capital                                                                                                                                                                                 |                               |           | 1,365,013 |           |   |           | 1,643,652 |          
|                                           | Treasury shares, at cost, 32,265,976 and 6,098,122 shares
    at August 31, 2005 and 2004, respectively                                                                                                    |                               |           | (763,682  | )         |   |           | (132,313  | )        
|                                           | Treasury shares owned by Accenture Ltd Share Employee
    Compensation Trust, at cost, zero and 13,120,050 shares at
    August 31, 2005 and 2004, respectively                                            |                               |           |          |           |   |           | (296,894  | )        
|                                           | Retained earnings                                                                                                                                                                                          |                               |           | 962,339   |           |   |           | 46,636    |          
|                                           | Accumulated other comprehensive loss                                                                                                                                                                       |                               |           | (232,484  | )         |   |           | (113,760  | )        
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|                                           |                                                                                                                                                                                                            | Total shareholders equity    |           |           | 1,696,914 |   |           |           | 1,471,806 | 
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  
|TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |                                                                                                                                                                                                            | $                             | 8,957,352 |           |           | $ | 8,013,484 |          
|                                           |                                                                                                                                                                                                            |                               |           |           |           |  



F-4



---



##### 



ACCENTURE LTD


CONSOLIDATED INCOME STATEMENTS


For the Years Ended August 31, 2005, 2004 and 2003


(In thousands of U.S. dollars, except share and per
share amounts)


|                                                                          |                                                   |                                               |                          |            |            |            |               |            |            |            |             |            |            |            | 
|------------------------------------------------------------------------- | ------------------------------------------------- | --------------------------------------------- | ------------------------ | ---------- | ---------- | ---------- | ------------- | ---------- | ---------- | ---------- | ----------- | ---------- | ---------- | ---------- | 
|                                                                          |                                                   | 2005                                          |                          |            | 2004       |            |               | 2003       |           
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|REVENUES:                                                                 |                                                   |                                               |                          |            |            |            |               |            |            |            |             |           
|                                                                          | Revenues before reimbursements                    |                                               | $                        | 15,547,029 |            |            | $             | 13,673,563 |            |            | $           | 11,817,999 |           
|                                                                          | Reimbursements                                    |                                               |                          | 1,547,391  |            |            |               | 1,440,019  |            |            |             | 1,579,241  |           
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|                                                                          |                                                   | Revenues                                      |                          |            | 17,094,420 |            |               |            | 15,113,582 |            |             |            | 13,397,240 |           
|OPERATING EXPENSES:                                                       |                                                   |                                               |                          |            |            |            |               |            |            |            |             |           
|                                                                          | Cost of services:                                 |                                               |                          |            |            |            |               |            |            |            |             |            |           
|                                                                          |                                                   | Cost of services before reimbursable expenses |                          |            | 10,454,830 |            |               |            | 9,057,246  |            |             |            | 7,508,059  |           
|                                                                          |                                                   | Reimbursable expenses                         |                          |            | 1,547,391  |            |               |            | 1,440,019  |            |             |            | 1,579,241  |           
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|                                                                          |                                                   | Cost of services                              |                          |            | 12,002,221 |            |               |            | 10,497,265 |            |             |            | 9,087,300  |           
|                                                                          | Sales and marketing                               |                                               |                          | 1,558,266  |            |            |               | 1,488,333  |            |            |             | 1,458,484  |           
|                                                                          | General and administrative costs                  |                                               |                          | 1,511,952  |            |            |               | 1,340,467  |            |            |             | 1,319,567  |           
|                                                                          | Reorganization and restructuring (benefits) costs |                                               |                          | (89,257    | )          |            |               | 28,891     |            |            |             | (19,346    | )         
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|                                                                          |                                                   |                                               | Total operating expenses |            |            | 14,983,182 |               |            |            | 13,354,956 |             |            |            | 11,846,005 | 
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|OPERATING INCOME                                                          |                                                   |                                               | 2,111,238                |            |            |            | 1,758,626     |            |            |            | 1,551,235   |           
|Gain on investments, net                                                  |                                                   |                                               | 21,468                   |            |            |            | 3,397         |            |            |            | 10,123      |           
|Interest income                                                           |                                                   |                                               | 108,236                  |            |            |            | 59,939        |            |            |            | 41,130      |           
|Interest expense                                                          |                                                   |                                               | (23,973                  | )          |            |            | (22,044       | )          |            |            | (21,016     | )         
|Other (expense) income                                                    |                                                   |                                               | (10,967                  | )          |            |            | 160           |            |            |            | 31,754      |           
|Equity in losses of affiliates                                            |                                                   |                                               |                         |            |            |            | (1,508        | )          |            |            | (409        | )         
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|INCOME BEFORE INCOME TAXES                                                |                                                   |                                               | 2,206,002                |            |            |            | 1,798,570     |            |            |            | 1,612,817   |           
|Provision for income taxes                                                |                                                   |                                               | 697,097                  |            |            |            | 575,543       |            |            |            | 566,099     |           
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|INCOME BEFORE MINORITY INTEREST                                           |                                                   |                                               | 1,508,905                |            |            |            | 1,223,027     |            |            |            | 1,046,718   |           
|Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc. |                                                   |                                               | (556,485                 | )          |            |            | (529,672      | )          |            |            | (549,507    | )         
|Minority interestother                                                   |                                                   |                                               | (11,946                  | )          |            |            | (2,527        | )          |            |            | 1,027       |           
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|NET INCOME                                                                |                                                   | $                                             | 940,474                  |            |            | $          | 690,828       |            |            | $          | 498,238     |           
|                                                                          |                                                   |                                               |                          |            |            |            |               |            |           
|Weighted Average Class A Common Shares:                                   |                                                   |                                               |                          |            |            |            |               |            |            |            |             |           
|Basic                                                                     |                                                   |                                               | 588,505,335              |            |            |            | 553,298,104   |            |            |            | 468,592,110 |           
|Diluted                                                                   |                                                   |                                               | 960,514,976              |            |            |            | 1,002,813,443 |            |            |            | 996,754,596 |           
|Earnings Per Class A Common Share:                                        |                                                   |                                               |                          |            |            |            |               |            |            |            |             |           
|Basic                                                                     |                                                   | $                                             | 1.60                     |            |            | $          | 1.25          |            |            | $          | 1.06        |           
|Diluted                                                                   |                                                   | $                                             | 1.56                     |            |            | $          | 1.22          |            |            | $          | 1.05        |           



F-5



---



##### 





ACCENTURE LTD


CONSOLIDATED SHAREHOLDERS EQUITY AND COMPREHENSIVE
INCOME STATEMENTS


For the Years Ended August 31, 2005, 2004 and 2003


(In thousands of U.S. dollars and in thousands of share
amounts)


|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |         |          |  
|----------------------------------------------------------------------------------------------------------------------- | ---------------------------------- | ---------------------------------------------------------------------------------- | - | ------------- |  | --- | ------------- |  |  | ---------------------- | ------- | ------ | ------ | - | ---------- | --- | -------- |  | -------- | ----------- |  | ------------ | ------- | -------- | ----------- |  | ------ | ------- | - | - | -------- | --- |  | - | ---------- | ------- | ------ | ------------- | -------- | --------- |  |  | ------------- | ------ |  | ----- | -------- | - |  |  | ------- | - |  | - | ---------- | ------- | ------ | - | -------- | -------- | -------- | - | ---------- | ------- | -------- | -
|                                                                                                                        |                                    |                                                                                    |   | Class A       |  |     | Class X       |  |  | Restricted Share Units |         |        |        |   |            |     | Treasury |  |          | Treasury    |  |              |         |          |             |  |       
|                                                                                                                        |                                    |                                                                                    |   | Common Shares |  |     | Common Shares |  |  | Common Shares          |         |        |        |   |            |     | Shares   |  |          | SharesSECT |  |              |         |          | Accumulated |  |        |        
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   | Additional |     |          |  |          |             |  |              |         | Retained |             |  | Other  |         |   |  
|                                                                                                                        |                                    | Preferred                                                                          |   |               |  | No. |               |  |  |                        | No.     |        |        |   |            | No. |          |  | Deferred |             |  | Paid-In      |         |          |             |  | No.    |         |   |   |          | No. |  |   | Earnings   |         |        | Comprehensive |          |           | 
|                                                                                                                        |                                    | Shares                                                                             |   | $             |  |     | Shares        |  |  | $                      |         |        | Shares |   |            | $   |          |  | Shares   |             |  | Compensation |         |          | Capital     |  |        | $       |   |   | Shares   |     |  | $ |            |         | Shares |               |          | (Deficit) |  |  | Income (Loss) |        |  | Total |         
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |         
|Balance at August 31, 2002                                                                                              |                                    | $                                                                                  |  |               |  | $   | 10            |  |  |                        | 433,696 |        |        | $ | 13         |     |          |  | 524,094  |             |  | $            | 945,311 |          |             |  | 63,294 |         |   | $ | (62,037  | )   |  | $ | 1,399,608  |         |        | $             | (315,486 | )         |  |  | (13,727       | )      |  | $     | (221,110 | ) |  |  | (12,562 | ) |  | $ | (1,190,415 | )       |        | $ | (80,432  | )        |          | $ | 475,462    |        
|Comprehensive income                                                                                                    |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        
|                                                                                                                        | Net income                         |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            | 498,238 |        |   |          |          |          |   |            | 498,238 |         
|                                                                                                                        | Other comprehensive income (loss): |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |         |         
|                                                                                                                        |                                    | Unrealized gains on marketable securities, net of
    reclassification adjustments |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          | 3,161    |   |            |         | 3,161    |  
|                                                                                                                        |                                    | Foreign currency translation adjustments                                           |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          | (3,419   | ) |            |         | (3,419   | )
|                                                                                                                        |                                    | Minimum pension liability adjustment                                               |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          | (107,543 | ) |            |         | (107,543 | )
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |  
|                                                                                                                        | Other comprehensive loss           |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          | (107,801 | )        |   |            |         |         
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |  
|Comprehensive income                                                                                                    |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | 390,437    |        
|Income tax benefit on:                                                                                                  |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        
|                                                                                                                        | Stock-based compensation plans     |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 34,081  |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 34,081  |         
|                                                                                                                        | Contract termination               |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            | 48,555  |        |   |          |          |          |   |            | 48,555  |         
|Purchases of Class A common shares                                                                                      |                                    |                                                                                    |   |               |  |     |               |  |  |                        | (3,221  | )      |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | (53,389    | )       |        |               | (79,944  | )         |  |  | (4,789        | )      |  |       | (151,763 | ) |  |  | (8,620  | ) |  |   |            |         |        |   |          |          |          |   | (285,096   | )      
|Transfer of shares for issuance to employees                                                                            |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               | (63,995  | )         |  |  | (3,100        | )      |  |       | 63,995   |   |  |  | 3,100   |   |  |   |            |         |        |   |          |          |          |   |           |        
|Grants of restricted share units, net                                                                                   |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              | 99,184  |          |             |  | 6,141  |         |   |   | (99,184  | )   |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |           |        
|Stock-based compensation expense                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   | 48,970   |     |  |   | 2,645      |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | 51,615     |        
|Purchases/redemptions of Accenture SCA Class I common
    shares and Accenture Canada Holdings Inc. exchangeable shares |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   | (2         | )   |          |  | (15,371  | )           |  |              |         |          |             |  |        |         |   |   |          |     |  |   | (275,316   | )       |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | (275,318   | )      
|Issuance of Class A common shares:                                                                                      |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        
|                                                                                                                        | Employee share purchase plan       |                                                                                    |   |               |  |     |               |  |  |                        |         | 9,313  |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 74,751  |        |               |          | 82,493    |  |  |               | 3,877  |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 157,244 |         
|                                                                                                                        | Employee stock options             |                                                                                    |   |               |  |     |               |  |  |                        |         | 4,652  |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 61,051  |        |               |          | 24,312    |  |  |               | 1,165  |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 85,363  |         
|                                                                                                                        | Restricted share units             |                                                                                    |   |               |  |     |               |  |  |                        |         | 14,189 |        |   |            |     |          |  |          |             |  |              |         | (374,635 | )           |  |        | (25,534 | ) |   |          |     |  |   |            | 110,213 |        |               |          | 264,422   |  |  |               | 11,345 |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        |         
|                                                                                                                        | Transaction fees                   |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 13,477  |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 13,477  |         
|Contract termination                                                                                                    |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   | 1,707      |         |        |   |          |          |          |   | 1,707      |        
|Stock option expense                                                                                                    |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | 954        |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | 954        |        
|Minority interest                                                                                                       |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | 133,061    |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | 133,061    |        
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |  
|Balance at August 31, 2003                                                                                              |                                    | $                                                                                  |  |               |  | $   | 10            |  |  |                        | 458,629 |        |        | $ | 11         |     |          |  | 508,723  |             |  | $            | 669,860 |          |             |  | 43,901 |         |   | $ | (112,251 | )   |  | $ | 1,501,136  |         |        | $             | (88,198  | )         |  |  | (5,229        | )      |  | $     | (308,878 | ) |  |  | (18,082 | ) |  | $ | (641,915   | )       |        | $ | (188,233 | )        |          | $ | 831,542    |        
|Comprehensive income                                                                                                    |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        
|                                                                                                                        | Net income                         |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            | 690,828 |        |   |          |          |          |   |            | 690,828 |         
|                                                                                                                        | Other comprehensive income:        |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |         |         
|                                                                                                                        |                                    | Unrealized gains on marketable securities, net of
    reclassification adjustments |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          | 1,585    |   |            |         | 1,585    |  
|                                                                                                                        |                                    | Foreign currency translation adjustments                                           |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          | 44,312   |   |            |         | 44,312   |  
|                                                                                                                        |                                    | Minimum pension liability adjustment                                               |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         | (4,350 | ) |          |          | 28,576   |   |            |         | 24,226   |  
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |  
|                                                                                                                        | Other comprehensive income         |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          | 74,473   |          |   |            |         |         
|                                                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |  
|Comprehensive income                                                                                                    |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | 760,951    |        
|Income tax benefit on:                                                                                                  |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        
|                                                                                                                        | Stock-based compensation plans     |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 30,235  |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 30,235  |         
|                                                                                                                        | Contract termination               |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            | 2,073   |        |   |          |          |          |   |            | 2,073   |         
|Purchases of Class A common shares                                                                                      |                                    |                                                                                    |   |               |  |     |               |  |  |                        | (3,157  | )      |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | (79,491    | )       |        |               | (103,910 | )         |  |  | (4,081        | )      |  |       | (201,326 | ) |  |  | (8,413  | ) |  |   |            |         |        |   |          |          |          |   | (384,727   | )      
|Transfer of shares from SECT                                                                                            |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               | (213,310 | )         |  |  | (13,375       | )      |  |       | 213,310  |   |  |  | 13,375  |   |  |   |            |         |        |   |          |          |          |   |           |        
|Grants of restricted share units, net                                                                                   |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              | 97,960  |          |             |  | 4,186  |         |   |   | (97,960  | )   |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |           |        
|Stock-based compensation expense                                                                                        |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   | 59,434   |     |  |   | 1,052      |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | 60,486     |        
|Purchases/redemptions of Accenture SCA Class I common
    shares and Accenture Canada Holdings Inc. exchangeable shares |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   | (2         | )   |          |  | (143,398 | )           |  |              |         |          |             |  |        |         |   |   |          |     |  |   | (3,089,264 | )       |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   | (3,089,266 | )      
|Issuance of Class A common shares:                                                                                      |                                    |                                                                                    |   |               |  |     |               |  |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |         |        |               |          |           |  |  |               |        |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            |        
|                                                                                                                        | Employee share purchase plan       |                                                                                    |   |               |  |     |               |  |  |                        |         | 4,777  |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 76,227  |        |               |          | 58,463    |  |  |               | 3,358  |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 134,690 |         
|                                                                                                                        | Employee stock options             |                                                                                    |   |               |  |     |               |  |  |                        |         | 7,141  |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 95,913  |        |               |          | 75,304    |  |  |               | 4,573  |  |       |          |   |  |  |         |   |  |   |            |         |        |   |          |          |          |   |            | 171,217 |         

F-6



---



##### 





|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            |           |         |  
|----------------------------------------------------------------------------------------------------------------------- | ------------------------------------ | ----------------------------------------------------------------------------------- | - | ------------- |  | --- | ------------- | - |  | ---------------------- | ------- | ------ | ------ | - | ---------- | --- | -------- |  | -------- | ----------- |  | ------------ | ------- | -------- | ----------- |  | ------ | ------- | - | - | -------- | --- |  | - | ---------- | --------- | ------ | ------------- | -------- | --------- |  |  | ------------- | ----- |  | ----- | -------- | - |  |  | ------- | - |  | - | ------- | ------- | - | - | -------- | -------- | ------- | - | ---------- | --------- | ------- | -
|                                                                                                                        |                                      |                                                                                     |   | Class A       |  |     | Class X       |   |  | Restricted Share Units |         |        |        |   |            |     | Treasury |  |          | Treasury    |  |              |         |          |             |  |       
|                                                                                                                        |                                      |                                                                                     |   | Common Shares |  |     | Common Shares |   |  | Common Shares          |         |        |        |   |            |     | Shares   |  |          | SharesSECT |  |              |         |          | Accumulated |  |        |        
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   | Additional |     |          |  |          |             |  |              |         | Retained |             |  | Other  |         |   |  
|                                                                                                                        |                                      | Preferred                                                                           |   |               |  | No. |               |   |  |                        | No.     |        |        |   |            | No. |          |  | Deferred |             |  | Paid-In      |         |          |             |  | No.    |         |   |   |          | No. |  |   | Earnings   |           |        | Comprehensive |          |           | 
|                                                                                                                        |                                      | Shares                                                                              |   | $             |  |     | Shares        |   |  | $                      |         |        | Shares |   |            | $   |          |  | Shares   |             |  | Compensation |         |          | Capital     |  |        | $       |   |   | Shares   |     |  | $ |            |           | Shares |               |          | (Deficit) |  |  | Income (Loss) |       |  | Total |         
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |         
|                                                                                                                        | Restricted share units               |                                                                                     |   |               |  |     |               |   |  |                        |         | 11,151 |        |   |            |     |          |  |          |             |  |              |         | (292,580 | )           |  |        | (19,808 | ) |   |          |     |  |   |            | 153,242   |        |               |          | 139,338   |  |  |               | 8,656 |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            |          |        
|                                                                                                                        | In September 2003 secondary offering |                                                                                     |   |               |  |     |               | 2 |  |                        |         | 69,695 |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 1,421,873 |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            | 1,421,875 |        
|                                                                                                                        | In May 2004 secondary offering       |                                                                                     |   |               |  |     |               | 1 |  |                        |         | 43,261 |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 988,172   |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            | 988,173   |        
|Transaction fees                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | 25,519     |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | 25,519     |          
|Minority interest                                                                                                       |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | 519,038    |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | 519,038    |          
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |  
|Balance at August 31, 2004                                                                                              |                                      | $                                                                                   |  |               |  | $   | 13            |   |  |                        | 591,497 |        |        | $ | 9          |     |          |  | 365,325  |             |  | $            | 475,240 |          |             |  | 28,279 |         |   | $ | (150,777 | )   |  | $ | 1,643,652  |           |        | $             | (132,313 | )         |  |  | (6,098        | )     |  | $     | (296,894 | ) |  |  | (13,120 | ) |  | $ | 46,636  |         |   | $ | (113,760 | )        |         | $ | 1,471,806  |          
|Comprehensive income                                                                                                    |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            |          
|                                                                                                                        | Net income                           |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         | 940,474 |   |   |          |          |         |   |            | 940,474   |        
|                                                                                                                        | Other 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                                                |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          | (95,697 | ) |            |           | (95,697 | )
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |  
|                                                                                                                        | Other comprehensive loss             |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          | (118,724 | )       |   |            |           |        
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |  
|Comprehensive income                                                                                                    |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | 821,750    |          
|Income tax benefit on:                                                                                                  |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            |          
|                                                                                                                        | Stock-based compensation plans       |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 75,532    |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            | 75,532    |        
|                                                                                                                        | Costs related to issuance of shares  |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 8,846     |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            | 8,846     |        
|                                                                                                                        | Contract termination                 |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         | 134     |   |   |          |          |         |   |            | 134       |        
|Purchases of Class A common shares                                                                                      |                                      |                                                                                     |   |               |  |     |               |   |  |                        | (562    | )      |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | (13,286    | )         |        |               | (472,607 | )         |  |  | (20,222       | )     |  |       | (30,481  | ) |  |  | (1,275  | ) |  |   |         |         |   |   |          |          |         |   | (516,374   | )        
|Transfer of shares from SECT                                                                                            |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               | (327,375 | )         |  |  | (14,395       | )     |  |       | 327,375  |   |  |  | 14,395  |   |  |   |         |         |   |   |          |          |         |   |           |          
|Grants of restricted share units, net                                                                                   |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              | 177,778 |          |             |  | 6,745  |         |   |   | (177,778 | )   |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |           |          
|Stock-based compensation expense                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   | 87,640   |     |  |   | 701        |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | 88,341     |          
|Purchases/redemptions of Accenture SCA Class I common
    shares and Accenture Canada Holdings Inc. exchangeable shares |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   | (2         | )   |          |  | (44,237  | )           |  |              |         |          |             |  |        |         |   |   |          |     |  |   | (1,095,155 | )         |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | (1,095,157 | )        
|Issuance of Class A common shares:                                                                                      |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   |            |          
|                                                                                                                        | Employee share purchase plan         |                                                                                     |   |               |  |     |               |   |  |                        |         | 4,955  |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 99,678    |        |               |          | 72,916    |  |  |               | 3,831 |  |       |          |   |  |  |         |   |  |   |         | (4,270  | ) |   |          |          |         |   |            | 168,324   |        
|                                                                                                                        | Employee stock options               |                                                                                     |   |               |  |     |               |   |  |                        |         | 5,008  |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            | 69,193    |        |               |          | 75,538    |  |  |               | 3,582 |  |       |          |   |  |  |         |   |  |   |         | (17,775 | ) |   |          |          |         |   |            | 126,956   |        
|                                                                                                                        | Restricted share units               |                                                                                     |   |               |  |     |               |   |  |                        |         | 1,808  |        |   |            |     |          |  |          |             |  |              |         | (46,395  | )           |  |        | (2,843  | ) |   |          |     |  |   |            | 29,096    |        |               |          | 20,159    |  |  |               | 1,036 |  |       |          |   |  |  |         |   |  |   |         | (2,860  | ) |   |          |          |         |   |            |          |        
|Transaction fees                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | 3,427      |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | 3,427      |          
|Minority interest                                                                                                       |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   | 543,329    |           |        |               |          |           |  |  |               |       |  |       |          |   |  |  |         |   |  |   |         |         |   |   |          |          |         |   | 543,329    |          
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |  
|Balance at August 31, 2005                                                                                              |                                      | $                                                                                   |  |               |  | $   | 13            |   |  |                        | 602,706 |        |        | $ | 7          |     |          |  | 321,088  |             |  | $            | 606,623 |          |             |  | 32,181 |         |   | $ | (240,915 | )   |  | $ | 1,365,013  |           |        | $             | (763,682 | )         |  |  | (32,266       | )     |  | $     |         |   |  |  |        |   |  | $ | 962,339 |         |   | $ | (232,484 | )        |         | $ | 1,696,914  |          
|                                                                                                                        |                                      |                                                                                     |   |               |  |     |               |   |  |                        |         |        |        |   |            |     |          |  |          |             |  |              |         |          |             |  |        |         |   |   |          |     |  |   |            |           |        |               |          |           |  |  |               |       |  |       |          |  



F-7



---



##### 



ACCENTURE LTD


CONSOLIDATED CASH FLOWS STATEMENTS


For the Years Ended August 31, 2005, 2004 and 2003


(In thousands of U.S. dollars)


|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |            |         |           |   |          |         |           |  
|---------------------------------------------------- | -------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------- | ------------------------------------------------------------ | ------------------------------------------ | ---------- | ------- | ---------- | ---- | ---------- | ------- | --------- | - | -------- | ------- | --------- | -
|                                                     |                                                                                        | 2005                                                                                      |                                                              |                                            | 2004       |         |            | 2003 |           
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|CASH FLOWS FROM OPERATING ACTIVITIES:                |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |            |         |           |  
|                                                     |                                                                                        | Net income                                                                                |                                                              | $                                          | 940,474    |         |            | $    | 690,828    |         |           | $ | 498,238  |        
|                                                     | Adjustments to reconcile net income to net cash provided by
    operating activities  |                                                                                           |                                                              |                                            |            |         |            |      |            |         |           |   |         
|                                                     |                                                                                        |                                                                                           | Depreciation and amortization                                |                                            |            | 282,073 |            |      |            | 257,080 |           |   |          | 237,205 |          
|                                                     |                                                                                        |                                                                                           | Reorganization benefits                                      |                                            |            | (89,257 | )          |      |            | (78,365 | )         |   |          | (19,346 | )        
|                                                     |                                                                                        |                                                                                           | Gains on investments, net                                    |                                            |            | (21,468 | )          |      |            | (3,397  | )         |   |          | (10,123 | )        
|                                                     |                                                                                        |                                                                                           | Losses on disposal of property and equipment, net            |                                            |            | 6,254   |            |      |            | 8,596   |           |   |          | 2,826   |          
|                                                     |                                                                                        |                                                                                           | Stock-based compensation expense                             |                                            |            | 88,341  |            |      |            | 60,486  |           |   |          | 51,615  |          
|                                                     |                                                                                        |                                                                                           | Deferred income taxes, net                                   |                                            |            | 63,139  |            |      |            | 92,864  |           |   |          | 53,781  |          
|                                                     |                                                                                        |                                                                                           | Minority interest                                            |                                            |            | 568,431 |            |      |            | 532,199 |           |   |          | 548,480 |          
|                                                     |                                                                                        |                                                                                           | Other items, net                                             |                                            |            | (1,089  | )          |      |            | (121    | )         |   |          | 1,711   |          
|                                                     |                                                                                        |                                                                                           | Change in assets and liabilities, net of
    acquisitions   |                                            |            |         |            |      |            |         |           |   |          |         |          
|                                                     |                                                                                        |                                                                                           |                                                              | Receivables from clients, net              |            |         | (56,267    | )    |            |         | (182,998  | ) |          |         | 23,444    |  
|                                                     |                                                                                        |                                                                                           |                                                              | Other current assets                       |            |         | 12,399     |      |            |         | (208,802  | ) |          |         | 79,381    |  
|                                                     |                                                                                        |                                                                                           |                                                              | Unbilled services, current and non-current |            |         | (596,984   | )    |            |         | (222,428  | ) |          |         | (26,603   | )
|                                                     |                                                                                        |                                                                                           |                                                              | Other non-current assets                   |            |         | (24,853    | )    |            |         | (84,703   | ) |          |         | (26,402   | )
|                                                     |                                                                                        |                                                                                           |                                                              | Accounts payable                           |            |         | 270,499    |      |            |         | (65,486   | ) |          |         | 106,704   |  
|                                                     |                                                                                        |                                                                                           |                                                              | Deferred revenues                          |            |         | 334,121    |      |            |         | 275,371   |   |          |         | 88,365    |  
|                                                     |                                                                                        |                                                                                           |                                                              | Accrued payroll and related benefits       |            |         | (60,147    | )    |            |         | 498,293   |   |          |         | (203,187  | )
|                                                     |                                                                                        |                                                                                           |                                                              | Income taxes payable                       |            |         | 115,950    |      |            |         | 143,229   |   |          |         | 250,599   |  
|                                                     |                                                                                        |                                                                                           |                                                              | Other accrued liabilities                  |            |         | (35,149    | )    |            |         | 162,675   |   |          |         | (127,444  | )
|                                                     |                                                                                        |                                                                                           |                                                              | Other non-current liabilities              |            |         | 90,614     |      |            |         | (119,372  | ) |          |         | 15,101    |  
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|                                                     |                                                                                        |                                                                                           |                                                              | Net cash provided by operating activities  |            |         | 1,887,081  |      |            |         | 1,755,949 |   |          |         | 1,544,345 |  
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|CASH FLOWS FROM INVESTING ACTIVITIES:                |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |            |         |           |  
|                                                     |                                                                                        | Proceeds from maturities and sales of available-for-sale
    investments                  |                                                              |                                            | 944,484    |         |            |      | 421,003    |         |           |   | 103,790  |        
|                                                     |                                                                                        | Purchases of available-for-sale investments                                               |                                                              |                                            | (1,019,317 | )       |            |      | (1,014,998 | )       |           |   |         |        
|                                                     |                                                                                        | Proceeds from sales of property and equipment                                             |                                                              |                                            | 6,318      |         |            |      | 11,026     |         |           |   | 18,768   |        
|                                                     |                                                                                        | Purchases of property and equipment                                                       |                                                              |                                            | (317,772   | )       |            |      | (281,986   | )       |           |   | (211,565 | )      
|                                                     |                                                                                        | Purchases of businesses and investments, net of cash acquired                             |                                                              |                                            | (188,469   | )       |            |      | (31,662    | )       |           |   | (19,833  | )      
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|                                                     |                                                                                        |                                                                                           |                                                              | Net cash used in investing activities      |            |         | (574,756   | )    |            |         | (896,617  | ) |          |         | (108,840  | )
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|CASH FLOWS FROM FINANCING ACTIVITIES:                |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |            |         |           |  
|                                                     |                                                                                        | Payment of retirement benefits to former pre-incorporation
    partners                   |                                                              |                                            | (38,453    | )       |            |      | (30,606    | )       |           |   | (44,714  | )      
|                                                     |                                                                                        | Contract termination payment                                                              |                                                              |                                            |           |         |            |      |           |         |           |   | (147,569 | )      
|                                                     |                                                                                        | Proceeds from issuance of common shares                                                   |                                                              |                                            | 298,707    |         |            |      | 2,741,474  |         |           |   | 256,084  |        
|                                                     |                                                                                        | Purchase of common shares                                                                 |                                                              |                                            | (1,625,097 | )       |            |      | (3,459,934 | )       |           |   | (560,414 | )      
|                                                     |                                                                                        | Proceeds from issuance of long-term debt                                                  |                                                              |                                            | 6,061      |         |            |      | 799        |         |           |   | 2,006    |        
|                                                     |                                                                                        | Repayments of long-term debt                                                              |                                                              |                                            | (9,467     | )       |            |      | (4,058     | )       |           |   | (5,953   | )      
|                                                     |                                                                                        | Proceeds from issuance of short-term bank borrowings                                      |                                                              |                                            | 61,834     |         |            |      | 96,851     |         |           |   | 116,978  |        
|                                                     |                                                                                        | Repayments of short-term bank borrowings                                                  |                                                              |                                            | (71,043    | )       |            |      | (115,491   | )       |           |   | (135,449 | )      
|                                                     |                                                                                        | Decrease (increase) in restricted cash of Accenture Share
    Employee Compensation Trust |                                                              |                                            |           |         |            |      | 83,280     |         |           |   | (3,835   | )      
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|                                                     |                                                                                        |                                                                                           |                                                              | Net cash used in financing activities      |            |         | (1,377,458 | )    |            |         | (687,685  | ) |          |         | (522,866  | )
|                                                     |                                                                                        | Effect of exchange rate changes on cash and cash equivalents                              |                                                              |                                            | (3,835     | )       |            |      | 49,150     |         |           |   | 102,546  |        
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |                                                                                        |                                                                                           | (68,968                                                      | )                                          |            |         | 220,797    |      |            |         | 1,015,185 |  
|CASH AND CASH EQUIVALENTS,beginning of period        |                                                                                        |                                                                                           | 2,552,958                                                    |                                            |            |         | 2,332,161  |      |            |         | 1,316,976 |  
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|CASH AND CASH EQUIVALENTS,end of period              |                                                                                        | $                                                                                         | 2,483,990                                                    |                                            |            | $       | 2,552,958  |      |            | $       | 2,332,161 |  
|                                                     |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |           
|Supplemental cash flow information                   |                                                                                        |                                                                                           |                                                              |                                            |            |         |            |      |            |         |           |  
|                                                     |                                                                                        | Interest paid                                                                             |                                                              | $                                          | 23,597     |         |            | $    | 21,970     |         |           | $ | 20,117   |        
|                                                     |                                                                                        | Income taxes paid                                                                         |                                                              | $                                          | 573,026    |         |            | $    | 387,450    |         |           | $ | 255,219  |        



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






Revenue Recognition


Accounting for
Performance of Construction-Type and Certain Production-Type
Contracts.


F-9



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




Revenue Recognition in Financial Statements, Revenue
Recognition.






F-10



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




Accounting for Revenue Arrangements with Multiple
Deliverables












F-11



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Operating Expenses




|                               |  |                       |         |   |      |   |         |      |  |   |         |  
|------------------------------ |  | --------------------- | ------- | - | ---- | - | ------- | ---- |  | - | ------- | -
|                               |  | Year Ended August 31, |        
|                               |  |                       |        
|                               |  | 2005                  |         |   | 2004 |   |         | 2003 | 
|                               |  |                       |         |   |      |   |         |      | 
|Research and development costs |  | $                     | 243,449 |   |      | $ | 271,943 |      |  | $ | 250,374 |  
|Training costs                 |  |                       | 546,248 |   |      |   | 401,266 |      |  |   | 390,803 |  
|Advertising costs              |  |                       | 65,902  |   |      |   | 61,932  |      |  |   | 69,544  |  
|Release of doubtful accounts   |  |                       | (3,849  | ) |      |   | (641    | )    |  |   | (20,243 | )



Translation of Non-U.S. Currency Amounts






Cash and Cash Equivalents




Client Receivables and Allowance for Doubtful Accounts




Investments




F-12



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(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


Property and Equipment




|                                          |  |                                    
|----------------------------------------- |  | -----------------------------------
|Buildings                                 |  | 20 to 33 years                     
|Leasehold improvements                    |  | Lesser of term of lease or 15 years
|Computers, related equipment and software |  | 2 to 7 years                       
|Furniture and fixtures                    |  | 5 to 10 years                      

Long-Lived Assets




F-13



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Employee Stock-Based Compensation Awards


Accounting for Stock Issued to Employees, Share-Based Payment Accounting for
Stock-Based Compensation,




|                                           |                                                                                                                                                                          |                       |         |          |      |   |         |         |   |   |         |         |  
|------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | --------------------- | ------- | -------- | ---- | - | ------- | ------- | - | - | ------- | ------- | -
|                                           |                                                                                                                                                                          | Year Ended August 31, |        
|                                           |                                                                                                                                                                          |                       |        
|                                           |                                                                                                                                                                          | 2005                  |         |          | 2004 |   |         | 2003    |  
|                                           |                                                                                                                                                                          |                       |         |          |      |   |         |         |  
|Net income as reported                     |                                                                                                                                                                          | $                     | 940,474 |          |      | $ | 690,828 |         |   | $ | 498,238 |        
|                                           | Add: Stock-based compensation expense already included in net
    income as reported, net of tax and minority interest                                                   |                       |         | 52,140   |      |   |         | 31,446  |   |   |         | 22,279  |  
|                                           | Deduct: 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 | )    |   |         | (85,545 | ) |   |         | (83,015 | )
|                                           |                                                                                                                                                                          |                       |         |          |      |   |         |         |  
|                                           | Subtotal                                                                                                                                                                 |                       |         | (97,965  | )    |   |         | (54,099 | ) |   |         | (60,736 | )
|                                           |                                                                                                                                                                          |                       |         |          |      |   |         |         |  
|Pro forma net income                       |                                                                                                                                                                          | $                     | 842,509 |          |      | $ | 636,729 |         |   | $ | 437,502 |        
|                                           |                                                                                                                                                                          |                       |         |          |      |   |         |         |  
|Basic earnings per Class A common share:   |                                                                                                                                                                          |                       |         |          |      |   |         |         |   |   |         |        
|                                           | As reported                                                                                                                                                              |                       | $       | 1.60     |      |   | $       | 1.25    |   |   | $       | 1.06    |  
|                                           | Pro forma                                                                                                                                                                |                       | $       | 1.43     |      |   | $       | 1.15    |   |   | $       | 0.93    |  
|Diluted earnings per Class A common share: |                                                                                                                                                                          |                       |         |          |      |   |         |         |   |   |         |        
|                                           | As reported                                                                                                                                                              |                       | $       | 1.56     |      |   | $       | 1.22    |   |   | $       | 1.05    |  
|                                           | Pro forma                                                                                                                                                                |                       | $       | 1.40     |      |   | $       | 1.12    |   |   | $       | 0.93    |  

F-14



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                         |  |                       |      |      |          |  |      |          |      |  |          |   |  |          |      |   |          |  |      |   |  |  |      |  
|------------------------ |  | --------------------- | ---- | ---- | -------- |  | ---- | -------- | ---- |  | -------- | - |  | -------- | ---- | - | -------- |  | ---- | - |  |  | ---- | -
|                         |  | Year Ended August 31, |     
|                         |  |                       |     
|                         |  | 2005                  |      |      | 2004     |  |      | 2003     |     
|                         |  |                       |      |      |          |  |      |          |     
|                         |  |                       |      | Non- |          |  |      |          | Non- |  |          |   |  | Non-     |     
|Stock Options            |  | Partners              |      |      | partners |  |      | Partners |      |  | partners |   |  | Partners |      |   | partners | 
|                         |  |                       |      |      |          |  |      |          |      |  |          |   |  |          |      |   |          | 
|Expected life (in years) |  |                       | 6    |      |          |  | 5    |          |      |  | 6        |   |  |          | 5    |   |          |  | 6    |   |  |  | 5    |  
|Risk-free interest rate  |  |                       | 4.02 | %    |          |  | 3.52 | %        |      |  | 3.58     | % |  |          | 3.29 | % |          |  | 3.33 | % |  |  | 2.89 | %
|Expected volatility      |  |                       | 41   | %    |          |  | 41   | %        |      |  | 44       | % |  |          | 44   | % |          |  | 50   | % |  |  | 50   | %
|Expected dividend yield  |  |                       | 0    | %    |          |  | 0    | %        |      |  | 0        | % |  |          | 0    | % |          |  | 0    | % |  |  | 0    | %

|                             |  |      |      |   |      |  |      |      |  |  |      |  
|---------------------------- |  | ---- | ---- | - | ---- |  | ---- | ---- |  |  | ---- | -
|Employee Share Purchase Plan |  | 2005 |      |   | 2004 |  |      | 2003 | 
|                             |  |      |      |   |      |  |      |      | 
|Expected life (in years)     |  |      | 0.5  |   |      |  | 0.5  |      |  |  | 0.5  |  
|Risk-free interest rate      |  |      | 1.72 | % |      |  | 1.10 | %    |  |  | 1.50 | %
|Expected volatility          |  |      | 42   | % |      |  | 45   | %    |  |  | 50   | %
|Expected dividend yield      |  |      | 0    | % |      |  | 0    | %    |  |  | 0    | %

Use of Estimates




Reclassifications




Concentrations of Credit Risk




Newly Issued Accounting Standard


Share-Based Payment Accounting for Stock-Based
Compensation


F-15



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Accounting for Stock Issued to Employees,








F-16



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|   |                   
|-- | ------------------
|2. | EARNINGS PER SHARE



|                                                                                    |  |                       |             |  |      |   |               |      |  |   |             | 
|----------------------------------------------------------------------------------- |  | --------------------- | ----------- |  | ---- | - | ------------- | ---- |  | - | ----------- | 
|                                                                                    |  | Year Ended August 31, |            
|                                                                                    |  |                       |            
|                                                                                    |  | 2005                  |             |  | 2004 |   |               | 2003 | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Basic Earnings per Share                                                            |  |                       |             |  |      |   |               |      |  |   |             | 
|Net income available for Class A common shareholders                                |  | $                     | 940,474     |  |      | $ | 690,828       |      |  | $ | 498,238     | 
|Basic weighted average Class A common shares                                        |  |                       | 588,505,335 |  |      |   | 553,298,104   |      |  |   | 468,592,110 | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Basic earnings per share                                                            |  | $                     | 1.60        |  |      | $ | 1.25          |      |  | $ | 1.06        | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Diluted Earnings per Share                                                          |  |                       |             |  |      |   |               |      |  |   |             | 
|Net income available for Class A common shareholders                                |  | $                     | 940,474     |  |      | $ | 690,828       |      |  | $ | 498,238     | 
|Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc.(1)        |  |                       | 556,485     |  |      |   | 529,672       |      |  |   | 549,507     | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Net income for per share calculation                                                |  | $                     | 1,496,959   |  |      | $ | 1,220,500     |      |  | $ | 1,047,745   | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Basic weighted average Class A common shares                                        |  |                       | 588,505,335 |  |      |   | 553,298,104   |      |  |   | 468,592,110 | 
|Class A common shares issuable upon redemption of minority
    interest(1)          |  |                       | 349,231,576 |  |      |   | 423,374,821   |      |  |   | 516,037,876 | 
|Diluted effect of employee compensation related to Class A
    common shares        |  |                       | 22,479,122  |  |      |   | 25,843,691    |      |  |   | 11,698,583  | 
|Diluted effect of employee share purchase plan related to
    Class A common shares |  |                       | 298,943     |  |      |   | 296,827       |      |  |   | 426,027     | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Weighted average Class A common shares                                              |  |                       | 960,514,976 |  |      |   | 1,002,813,443 |      |  |   | 996,754,596 | 
|                                                                                    |  |                       |             |  |      |   |               |      | 
|Diluted earnings per share                                                          |  | $                     | 1.56        |  |      | $ | 1.22          |      |  | $ | 1.05        | 
|                                                                                    |  |                       |             |  |      |   |               |      | 




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(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. | RESTRUCTURING AND REORGANIZATION (BENEFITS) COSTS

Restructuring






F-17



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)






|                                                     |  |                            |         |   |                            |   |         |               |  |   |               |   |  |   |         |  
|---------------------------------------------------- |  | -------------------------- | ------- | - | -------------------------- | - | ------- | ------------- |  | - | ------------- | - |  | - | ------- | -
|                                                     |  | Year Ended August 31, 2005 |         |   | Year Ended August 31, 2004 |  
|                                                     |  |                            |         |   |                            |  
|                                                     |  | Fiscal 2004                |         |   | Fiscal 2002                |   |         | Fiscal 2004   |  |   | Fiscal 2002   |  
|                                                     |  | Restructuring              |         |   | Restructuring              |   |         | Restructuring |  |   | Restructuring |  
|                                                     |  |                            |         |   |                            |   |         |               |  |   |               |  
|Restructuring liability balance, beginning of period |  | $                          | 78,756  |   |                            | $ | 24,005  |               |  | $ |              |   |  | $ | 40,327  |  
|Restructuring expense                                |  |                            |        |   |                            |   |        |               |  |   | 107,256       |   |  |   |        |  
|Payments made                                        |  |                            | (16,519 | ) |                            |   | (13,063 | )             |  |   | (10,463       | ) |  |   | (20,394 | )
|Other(1)                                             |  |                            | (2,326  | ) |                            |   | (934    | )             |  |   | (18,037       | ) |  |   | 4,072   |  
|                                                     |  |                            |         |   |                            |   |         |               |  |   |               |  
|Restructuring liability balance, end of period       |  | $                          | 59,911  |   |                            | $ | 10,008  |               |  | $ | 78,756        |   |  | $ | 24,005  |  
|                                                     |  |                            |         |   |                            |   |         |               |  |   |               |  




|    |                                                                                                               
|--- | --------------------------------------------------------------------------------------------------------------
|(1) | Other represents foreign currency translation, imputed interest
    and immaterial changes in lease estimates.



Reorganization




F-18



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                                      |                          |                       |         |          |          |   |         |         |          |   |         |         |         |  
|----------------------------------------------------- | ------------------------ | --------------------- | ------- | -------- | -------- | - | ------- | ------- | -------- | - | ------- | ------- | ------- | -
|                                                      |                          | Year Ended August 31, |        
|                                                      |                          |                       |        
|                                                      |                          | 2005                  |         |          | 2004     |   |         | 2003    |         
|                                                      |                          |                       |         |          |          |   |         |         |         
|Reorganization liability balance, beginning of period |                          | $                     | 454,042 |          |          | $ | 510,149 |         |          | $ | 443,089 |        
|                                                      | Final Determinations(1)  |                       |         | (115,444 | )        |   |         | (80,112 | )        |   |         | (8,000  | )      
|                                                      | Changes in estimates     |                       |         |         |          |   |         | (25,547 | )        |   |         | (39,485 | )      
|                                                      |                          |                       |         |          |          |   |         |         |         
|                                                      |                          | Benefit recorded      |         |          | (115,444 | ) |         |         | (105,659 | ) |         |         | (47,485 | )
|                                                      | Interest expense accrued |                       |         | 26,187   |          |   |         | 27,294  |          |   |         | 28,139  |        
|                                                      | Payments                 |                       |         |         |          |   |         |        |          |   |         |        |        
|                                                      |                          |                       |         |          |          |   |         |         |         
|Benefits, net of accrued interest and payments        |                          |                       | (89,257 | )        |          |   | (78,365 | )       |          |   | (19,346 | )      
|Foreign currency translation                          |                          |                       | 16,655  |          |          |   | 22,258  |         |          |   | 86,406  |        
|                                                      |                          |                       |         |          |          |   |         |         |         
|Reorganization liability, end of period               |                          | $                     | 381,440 |          |          | $ | 454,042 |         |          | $ | 510,149 |        
|                                                      |                          |                       |         |          |          |   |         |         |         




|    |                                                                                               
|--- | ----------------------------------------------------------------------------------------------
|(1) | Includes final agreements with tax authorities and expirations
    of statutes of limitations.





|   |                                     
|-- | ------------------------------------
|4. | ACCUMULATED OTHER COMPREHENSIVE LOSS



|                                                                                            |  |            |          |   |      |   |          |  
|------------------------------------------------------------------------------------------- |  | ---------- | -------- | - | ---- | - | -------- | -
|                                                                                            |  | August 31, |         
|                                                                                            |  |            |         
|                                                                                            |  | 2005       |          |   | 2004 |  
|                                                                                            |  |            |          |   |      |  
|Foreign currency translation adjustments                                                    |  | $          | (43,036  | ) |      | $ | (22,752  | )
|Unrealized (losses) gains on marketable securities, net of
    reclassification adjustments |  |            | (2,219   | ) |      |   | 524      |  
|Minimum pension liability adjustments, net of tax                                           |  |            | (187,229 | ) |      |   | (91,532  | )
|                                                                                            |  |            |          |   |      |  
|Accumulated other comprehensive loss                                                        |  | $          | (232,484 | ) |      | $ | (113,760 | )
|                                                                                            |  |            |          |   |      |  

F-19



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|   |                       
|-- | ----------------------
|5. | PROPERTY AND EQUIPMENT



|                                          |                               |            |            |           |      |   |            |           | 
|----------------------------------------- | ----------------------------- | ---------- | ---------- | --------- | ---- | - | ---------- | --------- | 
|                                          |                               | August 31, |           
|                                          |                               |            |           
|                                          |                               | 2005       |            |           | 2004 |  
|                                          |                               |            |            |           |      |  
|Buildings and land                        |                               | $          | 3,272      |           |      | $ | 3,206      |          
|Leasehold improvements                    |                               |            | 459,443    |           |      |   | 437,780    |          
|Computers, related equipment and software |                               |            | 1,218,029  |           |      |   | 1,144,252  |          
|Furniture and fixtures                    |                               |            | 281,624    |           |      |   | 278,208    |          
|                                          |                               |            |            |           |      |  
|                                          | Property and equipment, gross |            |            | 1,962,368 |      |   |            | 1,863,446 | 
|Total accumulated depreciation            |                               |            | (1,268,658 | )         |      |   | (1,219,500 | )        
|                                          |                               |            |            |           |      |  
|Property and equipment, net               |                               | $          | 693,710    |           |      | $ | 643,946    |          
|                                          |                               |            |            |           |      |  



|   |                                   
|-- | ----------------------------------
|6. | BUSINESS COMBINATIONS AND GOODWILL





Goodwill and
Other Intangible Assets,


F-20



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                           |  |            |         |  |             |         |          |             |  |            |            |  |         |             |          |  |             |            |         |            |  |   |        |   |  |   |         | 
|-------------------------- |  | ---------- | ------- |  | ----------- | ------- | -------- | ----------- |  | ---------- | ---------- |  | ------- | ----------- | -------- |  | ----------- | ---------- | ------- | ---------- |  | - | ------ | - |  | - | ------- | 
|                           |  |            |         |  |             | Foreign |          |             |  |            |            |  | Foreign |             |          | 
|                           |  | Balance at |         |  |             |         | currency |             |  | Balance at |            |  |         |             | currency |  |             | Balance at |        
|                           |  | August 31, |         |  | Additions/  |         |          | translation |  |            | August 31, |  |         | Additions/  |          |  | translation |            |         | August 31, | 
|                           |  | 2003       |         |  | Adjustments |         |          | adjustments |  |            | 2004       |  |         | Adjustments |          |  | adjustments |            |         | 2005       | 
|                           |  |            |         |  |             |         |          |             |  |            |            |  |         |             |          |  |             |            |         |            | 
|Communications & High Tech |  | $          | 60,265  |  |             | $       | 3,865    |             |  | $          | 6,819      |  |         | $           | 70,949   |  |             | $          | 3,889   |            |  | $ | (1,752 | ) |  | $ | 73,086  | 
|Financial Services         |  |            | 40,509  |  |             |         | 312      |             |  |            | 2,847      |  |         |             | 43,668   |  |             |            | 8,800   |            |  |   | (899   | ) |  |   | 51,569  | 
|Government                 |  |            | 21,519  |  |             |         | 232      |             |  |            | 1,491      |  |         |             | 23,242   |  |             |            | 2,083   |            |  |   | (392   | ) |  |   | 24,933  | 
|Products                   |  |            | 38,724  |  |             |         | 4,369    |             |  |            | 3,309      |  |         |             | 46,402   |  |             |            | 151,276 |            |  |   | (741   | ) |  |   | 196,937 | 
|Resources                  |  |            | 27,642  |  |             |         | 273      |             |  |            | 2,306      |  |         |             | 30,221   |  |             |            | 2,336   |            |  |   | (594   | ) |  |   | 31,963  | 
|                           |  |            |         |  |             |         |          |             |  |            |            |  |         |             |          |  |             |            |         |            | 
|Total                      |  | $          | 188,659 |  |             | $       | 9,051    |             |  | $          | 16,772     |  |         | $           | 214,482  |  |             | $          | 168,384 |            |  | $ | (4,378 | ) |  | $ | 378,488 | 
|                           |  |            |         |  |             |         |          |             |  |            |            |  |         |             |          |  |             |            |         |            | 



|   |                                      
|-- | -------------------------------------
|7. | INVESTMENTS AND FINANCIAL INSTRUMENTS



|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |        |        |   |        |         |         | 
|------------------------------------ | ----------------------------------------- | ---------------------------------------- | ------ | ------- | ---------- |  | --- | ---------- | ----- |  | -------------- | ------ | ------ | - | ------ | ------- | ------- | 
|                                     |                                           | Amortized                                |        |         | Unrealized |  |     | Unrealized |       |  | Estimated Fair |       
|                                     |                                           | Cost                                     |        |         | Gains      |  |     | Losses     |       |  | Value          |       
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|August 31, 2005                      |                                           |                                          |        |         |            |  |     |            |       |  |                |        |        |   |        |        
|Available-for-sale debt securities   |                                           |                                          |        |         |            |  |     |            |       |  |                |        |        |   |        |        
|                                     | U.S. Treasury securities                  |                                          | $      | 99,204  |            |  | $   |           |       |  | $              | (906   | )      |   | $      | 98,298  |        
|                                     | Asset-backed securities                   |                                          |        | 28,568  |            |  |     | 20         |       |  |                | (616   | )      |   |        | 27,972  |        
|                                     | Corporate debt securities                 |                                          |        | 537,660 |            |  |     | 313        |       |  |                | (1,153 | )      |   |        | 536,820 |        
|                                     | Foreign government securities             |                                          |        | 3,356   |            |  |     | 52         |       |  |                | (10    | )      |   |        | 3,398   |        
|                                     | Certificates of deposit and time deposits |                                          |        | 46,000  |            |  |     | 1          |       |  |                |       |        |   |        | 46,001  |        
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|                                     |                                           | Total available-for-sale debt securities |        |         | 714,788    |  |     |            | 386   |  |                |        | (2,685 | ) |        |         | 712,489 | 
|Available-for-sale equity securities |                                           |                                          | 11,482 |         |            |  | 161 |            |       |  | (81            | )      |        |   | 11,562 |        
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|                                     |                                           | Total available-for-sale securities      |        |         | 726,270    |  |     |            | 547   |  |                |        | (2,766 | ) |        |         | 724,051 | 
|Other                                |                                           |                                          | 2,282  |         |            |  |    |            |       |  |               |        |        |   | 2,282  |        
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|                                     |                                           | Total investments at August 31, 2005     |        | $       | 728,552    |  |     | $          | 547   |  |                | $      | (2,766 | ) |        | $       | 726,333 | 
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|August 31, 2004                      |                                           |                                          |        |         |            |  |     |            |       |  |                |        |        |   |        |        
|Available-for-sale debt securities   |                                           |                                          |        |         |            |  |     |            |       |  |                |        |        |   |        |        
|                                     | U.S. Treasury securities                  |                                          | $      | 103,950 |            |  | $   | 1,036      |       |  | $              | (163   | )      |   | $      | 104,823 |        
|                                     | Asset-backed securities                   |                                          |        | 149,272 |            |  |     | 104        |       |  |                | (379   | )      |   |        | 148,997 |        
|                                     | Corporate debt securities                 |                                          |        | 355,593 |            |  |     | 500        |       |  |                | (380   | )      |   |        | 355,713 |        
|                                     | Foreign government securities             |                                          |        | 3,098   |            |  |     | 25         |       |  |                | (8     | )      |   |        | 3,115   |        
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|                                     |                                           | Total available-for-sale debt securities |        |         | 611,913    |  |     |            | 1,665 |  |                |        | (930   | ) |        |         | 612,648 | 
|Available-for-sale equity securities |                                           |                                          | 11,944 |         |            |  | 49  |            |       |  | (249           | )      |        |   | 11,744 |        
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|                                     |                                           | Total available-for-sale securities      |        |         | 623,857    |  |     |            | 1,714 |  |                |        | (1,179 | ) |        |         | 624,392 | 
|Other                                |                                           |                                          | 1,028  |         |            |  |    |            |       |  | (11            | )      |        |   | 1,017  |        
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       
|                                     |                                           | Total investments at August 31, 2004     |        | $       | 624,885    |  |     | $          | 1,714 |  |                | $      | (1,190 | ) |        | $       | 625,409 | 
|                                     |                                           |                                          |        |         |            |  |     |            |       |  |                |       

F-21



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                         |  |                 |         |  |            |   |         | 
|---------------------------------------- |  | --------------- | ------- |  | ---------- | - | ------- | 
|                                         |  | August 31, 2005 |        
|                                         |  |                 |        
|                                         |  | Amortized       |         |  | Estimated  |  
|                                         |  | Cost            |         |  | Fair Value |  
|                                         |  |                 |         |  |            |  
|Due in 1 year or less                    |  | $               | 463,794 |  |            | $ | 463,460 | 
|Due in 1-2 years                         |  |                 | 126,401 |  |            |   | 125,980 | 
|Due in 2-3 years                         |  |                 | 42,104  |  |            |   | 41,580  | 
|Due in 3-4 years                         |  |                 | 55,811  |  |            |   | 55,189  | 
|Due in 4-5 years                         |  |                 | 8,529   |  |            |   | 8,424   | 
|Due after 5 years                        |  |                 | 18,149  |  |            |   | 17,856  | 
|                                         |  |                 |         |  |            |  
|Total available-for-sale debt securities |  | $               | 714,788 |  |            | $ | 712,489 | 
|                                         |  |                 |         |  |            |  



Equity Method Investments




Foreign Exchange Instruments




|                                             |         |            |   |         |       |  |   |          |   |  |       |         |  |  |   |       | 
|-------------------------------------------- | ------- | ---------- | - | ------- | ----- |  | - | -------- | - |  | ----- | ------- |  |  | - | ----- | 
|                                             |         | August 31, |  
|                                             |         |            |  
|                                             |         | 2005       |   |         | 2004  | 
|                                             |         |            |   |         |       | 
|                                             |         | Notional   |   |         | Fair  |  |   | Notional |   |  | Fair  |        
|                                             |         | Value      |   |         | Value |  |   | Value    |   |  | Value |        
|                                             |         |            |   |         |       |  |   |          |   |  |       |        
|Foreign currency forward exchange contracts: |         |            |   |         |       |  |   |          |   |  |       |         |  |  |   |      
|                                             | To sell |            | $ | 287,794 |       |  | $ | (527     | ) |  | $     | 137,230 |  |  | $ | 1,381 | 
|                                             | To buy  |            |   | 372,204 |       |  |   | (172     | ) |  |       | 313,887 |  |  |   | 904   | 

F-22



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


8.     BORROWINGS AND
INDEBTEDNESS




|                                                                                            |  |                 |           | 
|------------------------------------------------------------------------------------------- |  | --------------- | --------- | 
|                                                                                            |  | Facility Amount |          
|                                                                                            |  |                 |          
|Syndicated loan facility(1)                                                                 |  | $               | 1,500,000 | 
|Separate bilateral, uncommitted, unsecured multicurrency
    revolving credit facilities(2) |  |                 | 251,122   | 
|Local guaranteed and non-guaranteed lines of credit(2)                                      |  |                 | 202,251   | 
|                                                                                            |  |                 |          
|Total                                                                                       |  | $               | 1,953,373 | 
|                                                                                            |  |                 |          






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Accenture has a $1,500,000 syndicated loan facility maturing
    June 18, 2009 that provides unsecured, revolving borrowing
    capacity for general working capital purposes, including the
    issuance of letters of credit on behalf of Accenture affiliates.
    Financing is provided under this facility at the prime rate or
    at the London Interbank Offered Rate plus a spread. This
    facility requires the Company to: (1) limit liens placed on
    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, 2005, the Company had no borrowings under the
    facility and $53,974 in letters of credit outstanding. The
    facility is subject to annual commitment fees.
|(2) | Accenture maintains four separate bilateral, uncommitted,
    unsecured multicurrency revolving credit facilities. These
    facilities provide local currency financing in countries where
    the Companys syndicated facilities cannot readily be
    accessed. At August 31, 2005 and 2004, there was $4,401 and
    $12,799, respectively, outstanding under these various
    facilities. The Company also maintains local guaranteed and
    non-guaranteed lines of credit. Interest rate terms on the
    bilateral revolving facilities and local lines of credit are at
    market rates prevailing in the relevant local markets. The
    weighted average interest rate on borrowings under these
    multicurrency credit facilities and lines of credit, based on
    the average annual balances, was approximately 7% in fiscal
    years 2005, 2004 and 2003.                                                                                                                                      





|   |             
|-- | ------------
|9. | INCOME TAXES



|                |                      |                            |         |         |         |   |         |         |         |   |         |         |         | 
|--------------- | -------------------- | -------------------------- | ------- | ------- | ------- | - | ------- | ------- | ------- | - | ------- | ------- | ------- | 
|                |                      | Year Ended August 31,      |        
|                |                      |                            |        
|                |                      | 2005                       |         |         | 2004    |   |         | 2003    |        
|                |                      |                            |         |         |         |   |         |         |        
|Current taxes:  |                      |                            |         |         |         |   |         |         |         |   |         |        
|                | U.S. Federal         |                            | $       | 138,457 |         |   | $       | 135,510 |         |   | $       | 142,941 |        
|                | U.S. state and local |                            |         | 19,779  |         |   |         | 19,359  |         |   |         | 20,420  |        
|                | Non-U.S.             |                            |         | 478,049 |         |   |         | 318,800 |         |   |         | 322,971 |        
|                |                      |                            |         |         |         |   |         |         |        
|                |                      | Total current tax expense  |         |         | 636,285 |   |         |         | 473,669 |   |         |         | 486,332 | 
|                |                      |                            |         |         |         |   |         |         |        
|Deferred taxes: |                      |                            |         |         |         |   |         |         |         |   |         |        
|                | U.S. Federal         |                            |         | 55,344  |         |   |         | 52,399  |         |   |         | 48,523  |        
|                | U.S. state and local |                            |         | 7,906   |         |   |         | 7,486   |         |   |         | 6,932   |        
|                | Non-U.S.             |                            |         | (2,438  | )       |   |         | 41,989  |         |   |         | 24,312  |        
|                |                      |                            |         |         |         |   |         |         |        
|                |                      | Total deferred tax expense |         |         | 60,812  |   |         |         | 101,874 |   |         |         | 79,767  | 
|                |                      |                            |         |         |         |   |         |         |        
|Total           |                      | $                          | 697,097 |         |         | $ | 575,543 |         |         | $ | 566,099 |        
|                |                      |                            |         |         |         |   |         |         |        

F-23



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)






|                 |  |                       |           |  |      |   |           |      |  |   |           | 
|---------------- |  | --------------------- | --------- |  | ---- | - | --------- | ---- |  | - | --------- | 
|                 |  | Year Ended August 31, |          
|                 |  |                       |          
|                 |  | 2005                  |           |  | 2004 |   |           | 2003 | 
|                 |  |                       |           |  |      |   |           |      | 
|U.S. sources     |  | $                     | 682,030   |  |      | $ | 503,257   |      |  | $ | 566,896   | 
|Non-U.S. sources |  |                       | 1,523,972 |  |      |   | 1,295,313 |      |  |   | 1,045,921 | 
|                 |  |                       |           |  |      |   |           |      | 
|Total            |  | $                     | 2,206,002 |  |      | $ | 1,798,570 |      |  | $ | 1,612,817 | 
|                 |  |                       |           |  |      |   |           |      | 



|                                       |                           |                       |      |      |      |  |      |      |   |  |      |      |  
|-------------------------------------- | ------------------------- | --------------------- | ---- | ---- | ---- |  | ---- | ---- | - |  | ---- | ---- | -
|                                       |                           | Year Ended August 31, |     
|                                       |                           |                       |     
|                                       |                           | 2005                  |      |      | 2004 |  |      | 2003 |  
|                                       |                           |                       |      |      |      |  |      |      |  
|U.S. federal statutory income tax rate |                           |                       | 35.0 | %    |      |  | 35.0 | %    |   |  | 35.0 | %   
|U.S. state and local taxes, net        |                           |                       | 1.6  |      |      |  | 1.4  |      |   |  | 1.6  |     
|Reorganization benefits                |                           |                       | (1.4 | )    |      |  | (1.5 | )    |   |  | (0.4 | )   
|Other final determinations(1)          |                           |                       | (6.4 | )    |      |  | (2.2 | )    |   |  | (3.3 | )   
|Non-U.S. operations                    |                           |                       | (0.4 | )    |      |  | (1.4 | )    |   |  | 1.7  |     
|Other                                  |                           |                       | 3.2  |      |      |  | 0.7  |      |   |  | 0.5  |     
|                                       |                           |                       |      |      |      |  |      |      |  
|                                       | Effective income tax rate |                       |      | 31.6 | %    |  |      | 32.0 | % |  |      | 35.1 | %
|                                       |                           |                       |      |      |      |  |      |      |  






|    |                                                                                                                   
|--- | ------------------------------------------------------------------------------------------------------------------
|(1) | Final determinations include final agreements with tax
    authorities and expirations of statutes of limitations.



|                     |                                  |                     |         |         |          |   |         |         |          |  
|-------------------- | -------------------------------- | ------------------- | ------- | ------- | -------- | - | ------- | ------- | -------- | -
|                     |                                  | August 31,          |        
|                     |                                  |                     |        
|                     |                                  | 2005                |         |         | 2004     |  
|                     |                                  |                     |         |         |          |  
|Deferred tax assets: |                                  |                     |         |         |          |   |         |        
|                     | Pensions                         |                     | $       | 161,197 |          |   | $       | 125,567 |         
|                     | Revenue recognition              |                     |         | 55,235  |          |   |         | 46,387  |         
|                     | Compensation and benefits        |                     |         | 147,838 |          |   |         | 127,318 |         
|                     | Investments                      |                     |         | 1,516   |          |   |         | 40,937  |         
|                     | Tax credit carryforwards         |                     |         | 11,449  |          |   |         | 20,160  |         
|                     | Net operating loss carryforwards |                     |         | 220,373 |          |   |         | 151,663 |         
|                     | Depreciation and amortization    |                     |         | 119,322 |          |   |         | 139,386 |         
|                     | Restructuring costs              |                     |         | 13,255  |          |   |         | 37,005  |         
|                     | Other                            |                     |         | 59,460  |          |   |         | 34,358  |         
|                     |                                  |                     |         |         |          |  
|                     |                                  |                     | 789,645 |         |          |   | 722,781 |        
|                     |                                  | Valuation allowance |         |         | (270,630 | ) |         |         | (240,661 | )
|                     |                                  |                     |         |         |          |  
|                     | Total deferred tax assets        |                     |         | 519,015 |          |   |         | 482,120 |         
|                     |                                  |                     |         |         |          |  

F-24



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


|                          |                                |            |         |          |      |   |         |          |  
|------------------------- | ------------------------------ | ---------- | ------- | -------- | ---- | - | ------- | -------- | -
|                          |                                | August 31, |        
|                          |                                |            |        
|                          |                                | 2005       |         |          | 2004 |  
|                          |                                |            |         |          |      |  
|Deferred tax liabilities: |                                |            |         |          |      |   |         |         
|                          | Revenue recognition            |            |         | (46,740  | )    |   |         | (58,263  | )
|                          | Depreciation and amortization  |            |         | (58,479  | )    |   |         | (23,934  | )
|                          | Restructuring costs            |            |         | (6       | )    |   |         | (21,859  | )
|                          | Other                          |            |         | (49,601  | )    |   |         | (24,896  | )
|                          |                                |            |         |          |      |  
|                          | Total deferred tax liabilities |            |         | (154,826 | )    |   |         | (128,952 | )
|                          |                                |            |         |          |      |  
|Net deferred tax assets   |                                | $          | 364,189 |          |      | $ | 353,168 |         
|                          |                                |            |         |          |      |  













F-25



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)










|    |                                    
|--- | -----------------------------------
|10. | RETIREMENT AND PROFIT SHARING PLANS

Pension and Postretirement Benefits


Employers Accounting for
Pensions, Employers Accounting for Postretirement Benefits
Other Than Pensions,






F-26



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |        |   |       |   |         |   |  |   |        |  
|--------------------------------------- |  | --------------------- | ------- | -------- | ----- | - | ------- | ---------- | -------- | - | ------- | - |  | ---------- | ------ | - | ----- | - | ------- | - |  | - | ------ | -
|                                        |  | Pension Benefits      |        
|                                        |  |                       |        
|                                        |  | Year Ended August 31, |        
|                                        |  |                       |        
|                                        |  | 2005                  |         |          | 2004  |   |         | 2003       |         
|                                        |  |                       |         |          |       |   |         |            |         
|                                        |  |                       |         | Non-U.S. |       |   |         |            | Non-U.S. |   |         |   |  | Non-U.S.   |       
|                                        |  | U.S. Plans            |         |          | Plans |   |         | U.S. Plans |          |   | Plans   |   |  | U.S. Plans |        |   | Plans |  
|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |        |   |       |  
|Components of pension expense           |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |        |   |       |   |         |   |  |   |        |  
|Service cost                            |  | $                     | 49,518  |          |       | $ | 45,054  |            |          | $ | 45,247  |   |  | $          | 34,802 |   |       | $ | 29,215  |   |  | $ | 24,503 |  
|Interest cost                           |  |                       | 42,760  |          |       |   | 18,037  |            |          |   | 36,262  |   |  |            | 12,799 |   |       |   | 30,878  |   |  |   | 10,843 |  
|Expected return on plan assets          |  |                       | (42,892 | )        |       |   | (15,305 | )          |          |   | (24,735 | ) |  |            | (9,932 | ) |       |   | (25,886 | ) |  |   | (6,011 | )
|Amortization of transitional obligation |  |                       |        |          |       |   |        |            |          |   |        |   |  |            | (213   | ) |       |   | (6      | ) |  |   | (181   | )
|Amortization of loss/(gain)             |  |                       | 13,675  |          |       |   | (1,023  | )          |          |   | 20,673  |   |  |            | 782    |   |       |   | 4,847   |   |  |   | 1,730  |  
|Amortization of prior service cost      |  |                       | 1,291   |          |       |   | 1,579   |            |          |   | 2,472   |   |  |            | 90     |   |       |   | 2,267   |   |  |   | 81     |  
|Curtailment loss recognized             |  |                       |        |          |       |   | 243     |            |          |   |        |   |  |            |       |   |       |   |        |   |  |   |       |  
|Special termination benefits charge     |  |                       |         |          |       |   | 1,299   |            |          |   |        |   |  |            | 3,643  |   |       |   |        |   |  |   |       |  
|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |        |   |       |  
|Total                                   |  | $                     | 64,352  |          |       | $ | 49,884  |            |          | $ | 79,919  |   |  | $          | 41,971 |   |       | $ | 41,315  |   |  | $ | 30,965 |  
|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |        |   |       |  

|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |  |       |   |        |   |  |   |       | 
|--------------------------------------- |  | ----------------------- | ------ | -------- | ----- | - | ----- | ---------- | -------- | - | ------ | - |  | ---------- | ----- |  | ----- | - | ------ | - |  | - | ----- | 
|                                        |  | Postretirement Benefits |       
|                                        |  |                         |       
|                                        |  | Year Ended August 31,   |       
|                                        |  |                         |       
|                                        |  | 2005                    |        |          | 2004  |   |       | 2003       |         
|                                        |  |                         |        |          |       |   |       |            |         
|                                        |  |                         |        | Non-U.S. |       |   |       |            | Non-U.S. |   |        |   |  | Non-U.S.   |      
|                                        |  | U.S. Plans              |        |          | Plans |   |       | U.S. Plans |          |   | Plans  |   |  | U.S. Plans |       |  | Plans |  
|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |  |       |  
|Components of postretirement expense    |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |  |       |   |        |   |  |   |       | 
|Service cost                            |  | $                       | 7,091  |          |       | $ | 1,646 |            |          | $ | 7,263  |   |  | $          | 1,677 |  |       | $ | 7,338  |   |  | $ | 817   | 
|Interest cost                           |  |                         | 5,534  |          |       |   | 1,776 |            |          |   | 5,167  |   |  |            | 1,561 |  |       |   | 5,683  |   |  |   | 799   | 
|Expected return on plan assets          |  |                         | (1,335 | )        |       |   |      |            |          |   | (1,424 | ) |  |            |      |  |       |   | (1,406 | ) |  |   |      | 
|Amortization of transitional obligation |  |                         | 79     |          |       |   |      |            |          |   | 79     |   |  |            | 204   |  |       |   | 79     |   |  |   | 183   | 
|Amortization of loss                    |  |                         | 1,493  |          |       |   | 94    |            |          |   | 2,401  |   |  |            | 74    |  |       |   | 2,210  |   |  |   | 36    | 
|Amortization of prior service cost      |  |                         | (801   | )        |       |   | (161  | )          |          |   | (801   | ) |  |            |      |  |       |   | (251   | ) |  |   |      | 
|Curtailment loss recognized             |  |                         |       |          |       |   | (222  | )          |          |   |       |   |  |            |      |  |       |   |       |   |  |   |      | 
|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |  |       |  
|Total                                   |  | $                       | 12,061 |          |       | $ | 3,133 |            |          | $ | 12,685 |   |  | $          | 3,516 |  |       | $ | 13,653 |   |  | $ | 1,835 | 
|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |  |       |  

F-27



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                        |  |                       |       |          |                         |  |       |           |          |  |       |  |  |           |       |  |       |  |          |           |  |  |       |          |  |           |             |  |          |  |       |           |  |  |             |  |  |  |       |  |  |  |             |  |  |  |       | 
|--------------------------------------- |  | --------------------- | ----- | -------- | ----------------------- |  | ----- | --------- | -------- |  | ----- |  |  | --------- | ----- |  | ----- |  | -------- | --------- |  |  | ----- | -------- |  | --------- | ----------- |  | -------- |  | ----- | --------- |  |  | ----------- |  |  |  | ----- |  |  |  | ----------- |  |  |  | ----- | 
|                                        |  | Pension Benefits      |       |          | Postretirement Benefits | 
|                                        |  |                       |       |          |                         | 
|                                        |  | Year Ended August 31, |       |          | Year Ended August 31,   | 
|                                        |  |                       |       |          |                         | 
|                                        |  | 2005                  |       |          | 2004                    |  |       | 2003      |          |  | 2005  |  |  | 2004      |       |  | 2003  | 
|                                        |  |                       |       |          |                         |  |       |           |          |  |       |  |  |           |       |  |       | 
|                                        |  |                       |       | Non-U.S. |                         |  |       |           | Non-U.S. |  |       |  |  | Non-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 |  |  | Plans |          |  | U.S Plans |             |  | Plans    |  |       | U.S Plans |  |  | Plans       | 
|                                        |  |                       |       |          |                         |  |       |           |          |  |       |  |  |           |       |  |       |  |          |           |  |  |       |          |  |           |             |  |          |  |       |           |  |  |             | 
|Discount rate                           |  |                       | 6.25% |          |                         |  | 4.93% |           |          |  | 6.00% |  |  |           | 4.85% |  |       |  | 7.25%    |           |  |  | 4.92% |          |  |           | 6.25%       |  |          |  | 6.75% |           |  |  | 6.00%       |  |  |  | 6.50% |  |  |  | 7.25%       |  |  |  | 6.50% | 
|Expected rate of return on plan assets  |  |                       | 7.50% |          |                         |  | 5.19% |           |          |  | 8.00% |  |  |           | 5.66% |  |       |  | 8.50%    |           |  |  | 5.35% |          |  |           | 7.50%/3.50% |  |          |  | N/A   |           |  |  | 8.00%/5.00% |  |  |  | N/A   |  |  |  | 8.00%/5.00% |  |  |  | N/A   | 
|Rate of increase in future compensation |  |                       | 4.50% |          |                         |  | 3.16% |           |          |  | 4.50% |  |  |           | 3.10% |  |       |  | 5.70%    |           |  |  | 3.81% |          |  |           | N/A         |  |          |  | 4.50% |           |  |  | N/A         |  |  |  | 4.00% |  |  |  | N/A         |  |  |  | 4.00% | 



|                                        |  |                       |       |          |                              |  |       |            |          |  |       |  |  |            |       |  |       |  |             |           |  |  |       |  |  |  |             |  |  |  |       | 
|--------------------------------------- |  | --------------------- | ----- | -------- | ---------------------------- |  | ----- | ---------- | -------- |  | ----- |  |  | ---------- | ----- |  | ----- |  | ----------- | --------- |  |  | ----- |  |  |  | ----------- |  |  |  | ----- | 
|                                        |  | Pension Benefits      |       |          | Postretirement Benefits Year | 
|                                        |  |                       |       |          |                              | 
|                                        |  | Year Ended August 31, |       |          | Year Ended August 31,        | 
|                                        |  |                       |       |          |                              | 
|                                        |  | 2005                  |       |          | 2004                         |  |       | 2005       |          |  | 2004  | 
|                                        |  |                       |       |          |                              |  |       |            |          |  |       | 
|                                        |  |                       |       | Non-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 |  |  | Plans | 
|                                        |  |                       |       |          |                              |  |       |            |          |  |       |  |  |            |       |  |       |  |             |           |  |  |       | 
|Discount rate                           |  |                       | 5.25% |          |                              |  | 4.28% |            |          |  | 6.25% |  |  |            | 4.93% |  |       |  | 5.25%       |           |  |  | 5.50% |  |  |  | 6.25%       |  |  |  | 6.75% | 
|Expected rate of return on plan assets  |  |                       | 7.50% |          |                              |  | 5.57% |            |          |  | 7.50% |  |  |            | 5.19% |  |       |  | 7.50%/3.50% |           |  |  | N/A   |  |  |  | 7.50%/3.50% |  |  |  | N/A   | 
|Rate of increase in future compensation |  |                       | 4.50% |          |                              |  | 3.27% |            |          |  | 4.50% |  |  |            | 3.16% |  |       |  | N/A         |           |  |  | 3.50% |  |  |  | N/A         |  |  |  | 4.50% | 



F-28



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|--------------------------------------------------------------------- |  | --------------------- | -------- | -------- | ----------------------- | - | -------- | ---------- | -------- | - | -------- | - |  | ---------- | -------- | - | ----- | - | -------- | ---------- |  | - | ------- | - |  | - | ------- | - |  | - | ------- | -
|                                                                      |  | Pension Benefits      |          |          | Postretirement Benefits |  
|                                                                      |  |                       |          |          |                         |  
|                                                                      |  | Year Ended August 31, |          |          | Year Ended August 31,   |  
|                                                                      |  |                       |          |          |                         |  
|                                                                      |  | 2005                  |          |          | 2004                    |   |          | 2005       |          |   | 2004     |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |  
|                                                                      |  |                       |          | Non-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 |  |   | Plans   |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Changes in benefit obligation                                         |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Benefit obligation, beginning of year                                 |  | $                     | 692,028  |          |                         | $ | 335,819  |            |          | $ | 609,167  |   |  | $          | 233,446  |   |       | $ | 89,476   |            |  | $ | 25,054  |   |  | $ | 86,868  |   |  | $ | 24,539  |  
|Adjustment cost                                                       |  |                       |         |          |                         |   |         |            |          |   |         |   |  |            | 13,002   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Service cost                                                          |  |                       | 49,518   |          |                         |   | 45,054   |            |          |   | 45,247   |   |  |            | 34,802   |   |       |   | 7,091    |            |  |   | 1,646   |   |  |   | 7,263   |   |  |   | 1,677   |  
|Interest cost                                                         |  |                       | 42,760   |          |                         |   | 18,037   |            |          |   | 36,262   |   |  |            | 12,799   |   |       |   | 5,534    |            |  |   | 1,776   |   |  |   | 5,167   |   |  |   | 1,561   |  
|Amendments                                                            |  |                       |         |          |                         |   | 1,365    |            |          |   |         |   |  |            | 4,322    |   |       |   |         |            |  |   | (3,858  | ) |  |   |        |   |  |   |        |  
|Termination benefits                                                  |  |                       |         |          |                         |   | 1,299    |            |          |   |         |   |  |            | 3,643    |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Participant contributions                                             |  |                       |         |          |                         |   | 6,366    |            |          |   |         |   |  |            | 3,767    |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Acquisitions/divestitures/transfers                                   |  |                       |         |          |                         |   | 75,024   |            |          |   |         |   |  |            | 38,863   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   | (2,878  | )
|Curtailments                                                          |  |                       |         |          |                         |   | (540     | )          |          |   |         |   |  |            |         |   |       |   |         |            |  |   | (263    | ) |  |   |        |   |  |   |        |  
|Actuarial loss/(gain)                                                 |  |                       | 189,769  |          |                         |   | 73,364   |            |          |   | 11,646   |   |  |            | (13,262  | ) |       |   | 19,555   |            |  |   | 4,160   |   |  |   | (7,733  | ) |  |   | (774    | )
|Benefits paid                                                         |  |                       | (16,528  | )        |                         |   | (39,369  | )          |          |   | (10,294  | ) |  |            | (15,691  | ) |       |   | (3,320   | )          |  |   | (130    | ) |  |   | (2,089  | ) |  |   | (49     | )
|Exchange rate loss                                                    |  |                       |         |          |                         |   | 2,212    |            |          |   |         |   |  |            | 20,128   |   |       |   |         |            |  |   | 3,026   |   |  |   |        |   |  |   | 978     |  
|Settlements                                                           |  |                       |         |          |                         |   | (7,046   | )          |          |   |         |   |  |            |         |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Benefit obligation, end of year                                       |  | $                     | 957,547  |          |                         | $ | 511,585  |            |          | $ | 692,028  |   |  | $          | 335,819  |   |       | $ | 118,336  |            |  | $ | 31,411  |   |  | $ | 89,476  |   |  | $ | 25,054  |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Changes in plan assets                                                |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Fair value of plan assets, beginning of year                          |  | $                     | 470,792  |          |                         | $ | 243,424  |            |          | $ | 311,360  |   |  | $          | 146,261  |   |       | $ | 24,585   |            |  | $ |        |   |  | $ | 23,102  |   |  | $ |        |  
|Adjustment                                                            |  |                       |         |          |                         |   |         |            |          |   |         |   |  |            | 15,524   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Actual return on plan assets                                          |  |                       | 63,227   |          |                         |   | 24,998   |            |          |   | 59,776   |   |  |            | 13,547   |   |       |   | 1,647    |            |  |   |        |   |  |   | 2,441   |   |  |   |        |  
|Acquisitions/divestitures/transfers                                   |  |                       |         |          |                         |   | 70,004   |            |          |   |         |   |  |            | 37,170   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Employer contributions                                                |  |                       | 183,852  |          |                         |   | 40,780   |            |          |   | 109,950  |   |  |            | 28,852   |   |       |   | 180      |            |  |   | 130     |   |  |   | 1,131   |   |  |   | 49      |  
|Participant contributions                                             |  |                       |         |          |                         |   | 6,366    |            |          |   |         |   |  |            | 3,767    |   |       |   | 2,551    |            |  |   |        |   |  |   |        |   |  |   |        |  
|Benefits paid                                                         |  |                       | (16,528  | )        |                         |   | (39,369  | )          |          |   | (10,294  | ) |  |            | (15,691  | ) |       |   | (3,320   | )          |  |   | (130    | ) |  |   | (2,089  | ) |  |   | (49     | )
|Exchange rate gain                                                    |  |                       |         |          |                         |   | 4,931    |            |          |   |         |   |  |            | 13,994   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Settlements                                                           |  |                       |         |          |                         |   | (7,046   | )          |          |   |         |   |  |            |         |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Fair value of plan assets, end of year                                |  | $                     | 701,343  |          |                         | $ | 344,088  |            |          | $ | 470,792  |   |  | $          | 243,424  |   |       | $ | 25,643   |            |  | $ |        |   |  | $ | 24,585  |   |  | $ |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Reconciliation of funded status                                       |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Funded status                                                         |  | $                     | (256,204 | )        |                         | $ | (167,497 | )          |          | $ | (221,236 | ) |  | $          | (92,395  | ) |       | $ | (92,693  | )          |  | $ | (31,411 | ) |  | $ | (64,891 | ) |  | $ | (25,054 | )
|Unrecognized transitional obligation                                  |  |                       |         |          |                         |   |         |            |          |   |         |   |  |            |         |   |       |   | 598      |            |  |   |        |   |  |   | 677     |   |  |   |        |  
|Unrecognized loss                                                     |  |                       | 337,615  |          |                         |   | 71,192   |            |          |   | 181,856  |   |  |            | 8,589    |   |       |   | 43,141   |            |  |   | 7,187   |   |  |   | 27,830  |   |  |   | 2,696   |  
|Unrecognized prior service cost                                       |  |                       | 3,888    |          |                         |   | 5,215    |            |          |   | 5,179    |   |  |            | 5,250    |   |       |   | (8,107   | )          |  |   | (3,838  | ) |  |   | (8,908  | ) |  |   |        |  
|Contributions made after measurement date                             |  |                       |         |          |                         |   | 1,499    |            |          |   | 125,000  |   |  |            | 714      |   |       |   | (112     | )          |  |   | 24      |   |  |   | 169     |   |  |   | 10      |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Net amount recognized at year-end                                     |  | $                     | 85,299   |          |                         | $ | (89,591  | )          |          | $ | 90,799   |   |  | $          | (77,842  | ) |       | $ | (57,173  | )          |  | $ | (28,038 | ) |  | $ | (45,123 | ) |  | $ | (22,348 | )
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Amounts recognized in the Consolidated Balance Sheets consist
    of: |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Prepaid benefit cost                                                  |  | $                     | 10,274   |          |                         | $ | 10,441   |            |          | $ |         |   |  | $          | 18,459   |   |       | $ |         |            |  | $ |        |   |  | $ |        |   |  | $ |        |  
|Accrued benefit liability                                             |  |                       | (205,404 | )        |                         |   | (136,737 | )          |          |   | (186,428 | ) |  |            | (102,885 | ) |       |   | (57,173  | )          |  |   | (28,062 | ) |  |   | (45,292 | ) |  |   | (22,358 | )
|Intangible asset                                                      |  |                       | 3,339    |          |                         |   | 10       |            |          |   | 5,179    |   |  |            | 32       |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Accumulated other comprehensive loss                                  |  |                       | 277,090  |          |                         |   | 35,196   |            |          |   | 147,048  |   |  |            | 5,838    |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Contributions made after measurement date                             |  |                       |         |          |                         |   | 1,499    |            |          |   | 125,000  |   |  |            | 714      |   |       |   |         |            |  |   | 24      |   |  |   | 169     |   |  |   | 10      |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Net amount recognized at year-end                                     |  | $                     | 85,299   |          |                         | $ | (89,591  | )          |          | $ | 90,799   |   |  | $          | (77,842  | ) |       | $ | (57,173  | )          |  | $ | (28,038 | ) |  | $ | (45,123 | ) |  | $ | (22,348 | )
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  

F-29



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Funded Status for Defined Benefit Plans






Employers Accounting for
Pensions,






|                                                         |  |            |         |          |       |   |         |            |          |   |         |  |  |   |         | 
|-------------------------------------------------------- |  | ---------- | ------- | -------- | ----- | - | ------- | ---------- | -------- | - | ------- |  |  | - | ------- | 
|                                                         |  | 2005       |         |          | 2004  |  
|                                                         |  |            |         |          |       |  
|                                                         |  |            |         | Non-U.S. |       |   |         |            | Non-U.S. |  
|                                                         |  | U.S. Plans |         |          | Plans |   |         | U.S. Plans |          |   | Plans   | 
|                                                         |  |            |         |          |       |   |         |            |          |   |         | 
|Projected benefit obligation in excess of plan assets:   |  |            |         |          |       |   |         |            |          |   |         |  |  |   |         | 
|Projected benefit obligation                             |  | $          | 911,808 |          |       | $ | 434,117 |            |          | $ | 692,028 |  |  | $ | 261,271 | 
|Fair value of plan assets                                |  |            | 654,948 |          |       |   | 256,790 |            |          |   | 470,792 |  |  |   | 151,839 | 
|Accumulated benefit obligation in excess of plan assets: |  |            |         |          |       |   |         |            |          |   |         |  |  |   |         | 
|Accumulated benefit obligation                           |  | $          | 860,352 |          |       | $ | 321,681 |            |          | $ | 657,221 |  |  | $ | 118,364 | 
|Fair value of plan assets                                |  |            | 654,948 |          |       |   | 200,533 |            |          |   | 470,792 |  |  |   | 44,244  | 

Investment Strategies


U.S. Pension Plans




F-30



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)






Non-U.S. Pension Plans




Plan Assets




Pension Plans


|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       |  |     |   |  |  |     |  
|------------------------------- |  | ----------- | --- | -------- | ----- | ------------------------- | ----- | ---------- | -------- |  | ----- | - |  | ---------- | --- | - | ----- |  | --- | - |  |  | --- | -
|                                |  |             |     |          |       | Plan Assets at August 31, |      
|                                |  |             |     |          |      
|                                |  | 2006 Target |     |          |       |                           |      
|                                |  | Allocation  |     |          | 2005  |                           |       | 2004       |         
|                                |  |             |     |          |       |                           |       |            |         
|                                |  |             |     | Non-U.S. |       |                           |       |            | Non-U.S. |  |       |   |  | Non-U.S.   |    
|                                |  | U.S. Plans  |     |          | Plans |                           |       | U.S. Plans |          |  | Plans |   |  | U.S. Plans |     |   | Plans | 
|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       | 
|Asset Category                  |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       |  |     |   |  |  |     |  
|Equity securities               |  |             | 80  | %        |       |                           | 35-45 | %          |          |  | 76    | % |  |            | 30  | % |       |  | 81  | % |  |  | 21  | %
|Debt securities                 |  |             | 20  | %        |       |                           | 35-45 | %          |          |  | 20    | % |  |            | 32  | % |       |  | 18  | % |  |  | 23  | %
|Cash and short-term investments |  |             |    |          |       |                           | 0-5   | %          |          |  |      |   |  |            | 19  | % |       |  | 1   | % |  |  | 24  | %
|Insurance contracts             |  |             |    |          |       |                           | 10-15 | %          |          |  |      |   |  |            | 13  | % |       |  |    |   |  |  | 32  | %
|Other                           |  |             |    |          |       |                           | 0-5   | %          |          |  | 4     | % |  |            | 6   | % |       |  |    |   |  |  |    |  
|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       | 
|Total                           |  |             | 100 | %        |       |                           | n/m   |            |          |  | 100   | % |  |            | 100 | % |       |  | 100 | % |  |  | 100 | %
|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       | 






F-31



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


U.S. Postretirement Plan(1)


|                                |  |             |     |                |      |  |     |      |  |  |     |  
|------------------------------- |  | ----------- | --- | -------------- | ---- |  | --- | ---- |  |  | --- | -
|                                |  |             |     | Plan Assets at |     
|                                |  |             |     | August 31,     |     
|                                |  | 2006 Target |     |                |      | 
|                                |  | Allocation  |     |                | 2005 |  |     | 2004 | 
|                                |  |             |     |                |      |  |     |      | 
|Asset Category                  |  |             |     |                |      |  |     |      |  |  |     |  
|Equity securities               |  |             | 35  | %              |      |  | 35  | %    |  |  | 36  | %
|Debt securities                 |  |             | 19  | %              |      |  | 19  | %    |  |  | 14  | %
|Cash and short-term investments |  |             | 46  | %              |      |  | 46  | %    |  |  | 50  | %
|                                |  |             |     |                |      |  |     |      | 
|Total                           |  |             | 100 | %              |      |  | 100 | %    |  |  | 100 | %
|                                |  |             |     |                |      |  |     |      | 




|    |                                                                                       
|--- | --------------------------------------------------------------------------------------
|(1) | The non-U.S. plans are unfunded and thus the table only
    relates to the U.S. Plans.

Expected Contributions




Estimated Future Benefit Payments




|          |  |                  |         |  |                         |   |         |            |  |   |                |  |  |   |       | 
|--------- |  | ---------------- | ------- |  | ----------------------- | - | ------- | ---------- |  | - | -------------- |  |  | - | ----- | 
|          |  | Pension Benefits |         |  | Postretirement Benefits |  
|          |  |                  |         |  |                         |  
|          |  | U.S. Plans       |         |  | Non-U.S. Plans          |   |         | U.S. Plans |  |   | Non-U.S. Plans | 
|          |  |                  |         |  |                         |   |         |            |  |   |                | 
|2006      |  | $                | 13,440  |  |                         | $ | 12,189  |            |  | $ | 2,389          |  |  | $ | 195   | 
|2007      |  |                  | 15,594  |  |                         |   | 12,918  |            |  |   | 2,758          |  |  |   | 251   | 
|2008      |  |                  | 17,675  |  |                         |   | 13,512  |            |  |   | 3,260          |  |  |   | 322   | 
|2009      |  |                  | 19,906  |  |                         |   | 14,577  |            |  |   | 3,785          |  |  |   | 397   | 
|2010      |  |                  | 22,224  |  |                         |   | 15,694  |            |  |   | 4,287          |  |  |   | 477   | 
|2011-2015 |  |                  | 158,969 |  |                         |   | 105,983 |            |  |   | 28,651         |  |  |   | 4,096 | 

Assumed Health Care Cost Trend




|                                                        |  |                      |        |  |                      |   |        |      |  |   |         |   |  |   |         |  
|------------------------------------------------------- |  | -------------------- | ------ |  | -------------------- | - | ------ | ---- |  | - | ------- | - |  | - | ------- | -
|                                                        |  | One Percentage Point |        |  | One Percentage Point |  
|                                                        |  | Increase             |        |  | Decrease             |  
|                                                        |  |                      |        |  |                      |  
|                                                        |  | 2005                 |        |  | 2004                 |   |        | 2005 |  |   | 2004    |  
|                                                        |  |                      |        |  |                      |   |        |      |  |   |         |  
|Effect on total of service and interest cost components |  | $                    | 2,527  |  |                      | $ | 2,664  |      |  | $ | (2,056  | ) |  | $ | (2,089  | )
|Effect on year-end postretirement benefit obligation    |  |                      | 22,362 |  |                      |   | 17,868 |      |  |   | (17,375 | ) |  |   | (14,250 | )

F-32



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Basic Retirement Benefits




Early Retirement Benefits




Defined Contribution Plans








F-33



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|    |                     
|--- | --------------------
|11. | EMPLOYEE SHARE PLANS

Employee Share Purchase Plan




| |                       |  |  |      |      |  |      |   |      |      |  |   |      | 
| | --------------------- |  |  | ---- | ---- |  | ---- | - | ---- | ---- |  | - | ---- | 
| | Offering Period Ended |  |  | 2005 |      |  | 2004 |   |      | 2003 | 
| |                       |  |  |      |      |  |      |   |      |      | 
| | September 30          |  |  |      |     |  |      |   |     |      |  | $ | 7.78 | 
| | November 1            |  |  | $    | 6.54 |  |      | $ | 4.80 |      |  |   |     | 
| | May 1                 |  |  | $    | 6.54 |  |      | $ | 6.49 |      |  | $ | 4.36 | 

Share Incentive Plan




Stock Options




F-34



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                                               |  |                       |            |          |       |   |       |        |          |  |            |  |  |          |       |  |       |  |            |  |  |   |       | 
|-------------------------------------------------------------- |  | --------------------- | ---------- | -------- | ----- | - | ----- | ------ | -------- |  | ---------- |  |  | -------- | ----- |  | ----- |  | ---------- |  |  | - | ----- | 
|                                                               |  | Year Ended August 31, |           
|                                                               |  |                       |           
|                                                               |  | 2005                  |            |          | 2004  |   |       | 2003   |         
|                                                               |  |                       |            |          |       |   |       |        |         
|                                                               |  |                       |            | Weighted |       |   |       |        | Weighted |  |            |  |  | Weighted |      
|                                                               |  |                       |            | Average  |       |   |       |        | Average  |  |            |  |  | Average  |      
|                                                               |  |                       |            | Exercise |       |   |       |        | Exercise |  |            |  |  | Exercise |      
|                                                               |  | Number                |            |          | Price |   |       | Number |          |  | Price      |  |  | Number   |       |  | Price | 
|                                                               |  |                       |            |          |       |   |       |        |          |  |            |  |  |          |       |  |       | 
|Options outstanding, beginning of year                         |  |                       | 63,938,783 |          |       | $ | 15.40 |        |          |  | 75,599,090 |  |  | $        | 14.80 |  |       |  | 86,131,490 |  |  | $ | 14.73 | 
|Granted                                                        |  |                       | 21,283,007 |          |       |   | 25.38 |        |          |  | 5,965,602  |  |  |          | 22.40 |  |       |  | 6,251,959  |  |  |   | 15.24 | 
|Exercised                                                      |  |                       | 8,591,735  |          |       |   | 14.77 |        |          |  | 11,717,958 |  |  |          | 14.61 |  |       |  | 5,816,252  |  |  |   | 14.55 | 
|Forfeited                                                      |  |                       | 2,781,155  |          |       |   | 17.68 |        |          |  | 5,907,951  |  |  |          | 16.33 |  |       |  | 10,968,107 |  |  |   | 14.68 | 
|                                                               |  |                       |            |          |       |   |       |        |          |  |            |  |  |          |       |  |       | 
|Options outstanding, end of year                               |  |                       | 73,848,900 |          |       | $ | 18.27 |        |          |  | 63,938,783 |  |  | $        | 15.40 |  |       |  | 75,599,090 |  |  | $ | 14.80 | 
|                                                               |  |                       |            |          |       |   |       |        |          |  |            |  |  |          |       |  |       | 
|Exercisable at year end                                        |  |                       | 49,098,967 |          |       | $ | 15.99 |        |          |  | 36,387,546 |  |  | $        | 14.66 |  |       |  | 32,140,118 |  |  | $ | 14.66 | 
|                                                               |  |                       |            |          |       |   |       |        |          |  |            |  |  |          |       |  |       | 
|Weighted average fair value of options granted during the year |  |                       |            |          |       | $ | 11.30 |        |          |  |            |  |  | $        | 11.21 |  |       |  |            |  |  | $ | 7.27  | 
|                                                               |  |                       |            |          |       |   |       |        |          |  |            |  |  |          |       |  |       | 





|                         |                 |                     |             |               |                     |           |  |                  |                |  |         |             |       |                  |                |  |            |  |  |   |       | 
|------------------------ | --------------- | ------------------- | ----------- | ------------- | ------------------- | --------- |  | ---------------- | -------------- |  | ------- | ----------- | ----- | ---------------- | -------------- |  | ---------- |  |  | - | ----- | 
|                         |                 | Options Outstanding |             |               | Options Exercisable |          
|                         |                 |                     |             |               |                     |          
|                         |                 |                     |             | Weighted Avg. |                     |           |  |                  |               
|                         |                 | Options             |             |               | Contractual Life    |           |  | Weighted Average |                |  | Options |             |       | Weighted Average |               
|Range of Exercise Prices |                 |                     | Outstanding |               |                     | Remaining |  |                  | Exercise Price |  |         | Exercisable |       |                  | Exercise Price | 
|                         |                 |                     |             |               |                     |           |  |                  |                |  |         |             |       |                  |                | 
|                         | $12.82 - $15.31 |                     |             |               | 44,270,068          |           |  |                  | 5.9            |  |         | $           | 14.55 |                  |                |  | 40,677,027 |  |  | $ | 14.55 | 
|                         | $15.32 - $18.32 |                     |             |               | 2,240,992           |           |  |                  | 7.6            |  |         |             | 16.24 |                  |                |  | 725,787    |  |  |   | 16.09 | 
|                         | $18.33 - $27.50 |                     |             |               | 27,337,840          |           |  |                  | 9.0            |  |         |             | 24.47 |                  |                |  | 7,696,153  |  |  |   | 23.64 | 
|                         |                 |                     |             |               |                     |           |  |                  |                |  |         |             |       |                  |                | 
|                         |                 |                     |             |               | 73,848,900          |           |  |                  | 7.1            |  |         | $           | 18.27 |                  |                |  | 49,098,967 |  |  | $ | 15.99 | 
|                         |                 |                     |             |               |                     |           |  |                  |                |  |         |             |       |                  |                | 

Restricted Share Units




F-35



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                                                           |  |            |           |  |      |   |           |      |  |   |           | 
|-------------------------------------------------------------------------- |  | ---------- | --------- |  | ---- | - | --------- | ---- |  | - | --------- | 
|                                                                           |  | August 31, |          
|                                                                           |  |            |          
|                                                                           |  | 2005       |           |  | 2004 |   |           | 2003 | 
|                                                                           |  |            |           |  |      |   |           |      | 
|Shares granted                                                             |  |            | 7,335,407 |  |      |   | 4,715,894 |      |  |   | 6,908,328 | 
|Weighted average fair value of shares                                      |  | $          | 25.78     |  |      | $ | 22.62     |      |  | $ | 16.13     | 
|Pre-tax compensation expense charged to earnings, net of
    cancellations |  | $          | 88,341    |  |      | $ | 60,486    |      |  | $ | 51,615    | 



|    |                     
|--- | --------------------
|12. | SHAREHOLDERS EQUITY

Accenture Ltd


Preferred Shares






Class A Common Shares




Class X Common Shares




F-36



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(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






F-37



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




Accenture SCA Class II and Class III common
shares








Accenture Canada Holdings Inc. Exchangeable Shares




F-38



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Restrictions on the Transfer of Certain Accenture Shares








|    |                                                     
|--- | ----------------------------------------------------
|13. | MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS EQUITY

Secondary Offerings






F-39



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)






Share Purchase Activity






|                                           |  |             |            |                           |                       |   |           |        |  |  |            |  |  |       |            |   |  |   |            |  
|------------------------------------------ |  | ----------- | ---------- | ------------------------- | --------------------- | - | --------- | ------ |  |  | ---------- |  |  | ----- | ---------- | - |  | - | ---------- | -
|                                           |  |             |            | Share Management Plan And |                       |   |          
|                                           |  | Open Market |            |                           | RSU Sell-Back Program |   |           |       
|                                           |  |             |            |                           |                       |   |           |       
|                                           |  | Shares      |            |                           | Amount                |   |           | Shares |  |  | Amount     |  |  | Total |           
|                                           |  |             |            |                           |                       |   |           |        |  |  |            |  |  |       |           
|Available Authorization at August 31, 2002 |  |             |            |                           |                       | $ | 78,890    |        |  |  |            |  |  | $     | 600,000    |   |  | $ | 678,890    |  
|Purchases                                  |  |             | 8,619,800  |                           |                       |   | (151,763  | )      |  |  | 17,779,985 |  |  |       | (311,258   | ) |  |   | (463,021   | )
|Additional Authorizations                  |  |             |            |                           |                       |   | 155,000   |        |  |  |            |  |  |       |           |   |  |   | 155,000    |  
|                                           |  |             |            |                           |                       |   |           |        |  |  |            |  |  |       |           
|Available Authorization at August 31, 2003 |  |             |            |                           |                       |   | 82,127    |        |  |  |            |  |  |       | 288,742    |   |  |   | 370,869    |  
|Purchases                                  |  |             | 8,413,050  |                           |                       |   | (201,326  | )      |  |  | 29,619,979 |  |  |       | (664,338   | ) |  |   | (865,664   | )
|Additional Authorizations                  |  |             |            |                           |                       |   | 180,777   |        |  |  |            |  |  |       | 600,000    |   |  |   | 780,777    |  
|                                           |  |             |            |                           |                       |   |           |        |  |  |            |  |  |       |           
|Available Authorization at August 31, 2004 |  |             |            |                           |                       |   | 61,578    |        |  |  |            |  |  |       | 224,404    |   |  |   | 285,982    |  
|Purchases                                  |  |             | 20,566,470 |                           |                       |   | (480,470  | )      |  |  | 45,147,483 |  |  |       | (1,103,291 | ) |  |   | (1,583,761 | )
|Additional Authorizations                  |  |             |            |                           |                       |   | 1,000,000 |        |  |  |            |  |  |       | 2,000,000  |   |  |   | 3,000,000  |  
|                                           |  |             |            |                           |                       |   |           |        |  |  |            |  |  |       |           
|Available Authorization at August 31, 2005 |  |             |            |                           |                       | $ | 581,108   |        |  |  |            |  |  | $     | 1,121,113  |   |  | $ | 1,702,221  |  
|                                           |  |             |            |                           |                       |   |           |        |  |  |            |  |  |       |           

F-40



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Open Market Share Purchases (formerly Accenture Share
Employee Compensation Trust)




Share Management Plan and RSU Sell-Back Program
Transactions










F-41



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


Other Share Purchases




|                                                                                                                    |  |        |           |  |        |   |        |        |  |  |           |  |  |        |         |  |        |  |           |  |  |   |        | 
|------------------------------------------------------------------------------------------------------------------- |  | ------ | --------- |  | ------ | - | ------ | ------ |  |  | --------- |  |  | ------ | ------- |  | ------ |  | --------- |  |  | - | ------ | 
|                                                                                                                    |  | 2005   |           |  | 2004   |   |        | 2003   | 
|                                                                                                                    |  |        |           |  |        |   |        |        | 
|                                                                                                                    |  | Shares |           |  | Amount |   |        | Shares |  |  | Amount    |  |  | Shares |         |  | Amount | 
|                                                                                                                    |  |        |           |  |        |   |        |        |  |  |           |  |  |        |         |  |        | 
|Purchases of Accenture Ltd Class A common shares, net share
    delivery                                            |  |        | 1,093,481 |  |        | $ | 26,078 |        |  |  | 5,523,763 |  |  | $      | 138,817 |  |        |  | 5,951,800 |  |  | $ | 98,810 | 
|Purchases and redemptions of Accenture SCA Class I common
    shares under Articles of Association of Accenture SCA |  |        | 69,279    |  |        |   | 1,750  |        |  |  | 2,421,801 |  |  |        | 58,112  |  |        |  | 207,008   |  |  |   | 125    | 
|                                                                                                                    |  |        |           |  |        |   |        |        |  |  |           |  |  |        |         |  |        | 
|Total                                                                                                               |  |        | 1,162,760 |  |        | $ | 27,828 |        |  |  | 7,945,564 |  |  | $      | 196,929 |  |        |  | 6,158,808 |  |  | $ | 98,935 | 
|                                                                                                                    |  |        |           |  |        |   |        |        |  |  |           |  |  |        |         |  |        | 



|    |                  
|--- | -----------------
|14. | LEASE COMMITMENTS



|           |  |           |           |  |           |   |         |  
|---------- |  | --------- | --------- |  | --------- | - | ------- | -
|           |  | Operating |           |  | Operating |  
|           |  | Lease     |           |  | Sublease  |  
|           |  | Payments  |           |  | Income    |  
|           |  |           |           |  |           |  
|2006       |  | $         | 333,652   |  |           | $ | (13,503 | )
|2007       |  |           | 284,975   |  |           |   | (12,723 | )
|2008       |  |           | 241,296   |  |           |   | (9,367  | )
|2009       |  |           | 210,415   |  |           |   | (7,922  | )
|2010       |  |           | 208,522   |  |           |   | (7,338  | )
|Thereafter |  |           | 1,261,803 |  |           |   | (24,577 | )
|           |  |           |           |  |           |  
|           |  | $         | 2,540,663 |  |           | $ | (75,430 | )
|           |  |           |           |  |           |  



|    |                              
|--- | -----------------------------
|15. | COMMITMENTS AND CONTINGENCIES

Guarantees




F-42



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)










Legal Contingencies




F-43



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|    |                  
|--- | -----------------
|16. | SEGMENT REPORTING

Disclosures about Segments of an Enterprise and Related
Information,




Reportable Segments




|                               |  |           |           |  |           |   |           |            |  |   |           |  |  |           |           |  |       |   |           |       |  |   |         |  |  |   |            | 
|------------------------------ |  | --------- | --------- |  | --------- | - | --------- | ---------- |  | - | --------- |  |  | --------- | --------- |  | ----- | - | --------- | ----- |  | - | ------- |  |  | - | ---------- | 
|Year Ended August 31:          |  |           |           |  |           |   |           |            |  |   |           |  |  |          
|                               |  | Comm. &   |           |  | Financial |   |           |            |  |   |           |  |  |           |           | 
|2005                           |  | High Tech |           |  | Services  |   |           | Government |  |   | Products  |  |  | Resources |           |  | Other |   |           | Total | 
|                               |  |           |           |  |           |   |           |            |  |   |           |  |  |           |           |  |       |   |           |       | 
|Revenues before reimbursements |  | $         | 4,001,347 |  |           | $ | 3,408,166 |            |  | $ | 2,171,458 |  |  | $         | 3,569,975 |  |       | $ | 2,388,845 |       |  | $ | 7,238   |  |  | $ | 15,547,029 | 
|Depreciation(1)                |  |           | 66,055    |  |           |   | 61,121    |            |  |   | 56,508    |  |  |           | 56,725    |  |       |   | 41,664    |       |  |   |        |  |  |   | 282,073    | 
|Operating income               |  |           | 673,183   |  |           |   | 499,647   |            |  |   | 168,736   |  |  |           | 413,188   |  |       |   | 356,484   |       |  |   |        |  |  |   | 2,111,238  | 
|Assets at August 31(2)         |  |           | 571,292   |  |           |   | 81,849    |            |  |   | 738,575   |  |  |           | 435,515   |  |       |   | 315,722   |       |  |   | 151,787 |  |  |   | 2,294,740  | 

|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |         |  |  |   |            | 
|------------------------------ |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | ------- |  |  | - | ---------- | 
|2004                           |  |   |           |  |  |   |           |  |  |   |           |  |  |  
|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |  
|Revenues before reimbursements |  | $ | 3,741,451 |  |  | $ | 2,770,990 |  |  | $ | 1,994,655 |  |  | $ | 2,978,892 |  |  | $ | 2,178,569 |  |  | $ | 9,006   |  |  | $ | 13,673,563 | 
|Depreciation(1)                |  |   | 81,739    |  |  |   | 66,813    |  |  |   | 35,463    |  |  |   | 56,112    |  |  |   | 39,869    |  |  |   |        |  |  |   | 279,996    | 
|Operating income               |  |   | 403,698   |  |  |   | 353,904   |  |  |   | 311,050   |  |  |   | 414,501   |  |  |   | 275,473   |  |  |   |        |  |  |   | 1,758,626  | 
|Assets at August 31(2)         |  |   | 542,746   |  |  |   | 114,207   |  |  |   | 581,301   |  |  |   | 354,003   |  |  |   | 217,217   |  |  |   | 133,851 |  |  |   | 1,943,325  | 

|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |         |  |  |   |            | 
|------------------------------ |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | ------- |  |  | - | ---------- | 
|2003                           |  |   |           |  |  |   |           |  |  |   |           |  |  |  
|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |  
|Revenues before reimbursements |  | $ | 3,290,372 |  |  | $ | 2,355,321 |  |  | $ | 1,581,758 |  |  | $ | 2,613,303 |  |  | $ | 1,966,043 |  |  | $ | 11,202  |  |  | $ | 11,817,999 | 
|Depreciation(1)                |  |   | 88,479    |  |  |   | 62,599    |  |  |   | 31,186    |  |  |   | 60,127    |  |  |   | 51,422    |  |  |   |        |  |  |   | 293,813    | 
|Operating income               |  |   | 321,168   |  |  |   | 306,094   |  |  |   | 282,308   |  |  |   | 428,217   |  |  |   | 213,448   |  |  |   |        |  |  |   | 1,551,235  | 
|Assets at August 31(2)         |  |   | 365,101   |  |  |   | 213,441   |  |  |   | 354,444   |  |  |   | 362,443   |  |  |   | 295,114   |  |  |   | 109,806 |  |  |   | 1,700,349  | 




|    |                                                                                                                                                                                                                                       
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | This amount includes depreciation on property and equipment
    controlled by each operating segment, as well as an allocation
    for depreciation on property and equipment they do not directly
    control.                       
|(2) | Operating segment assets directly attributed to an operating
    segment and provided to the chief operating decision maker
    include Receivables from clients, current and non-current
    Unbilled services and Deferred revenues.



F-44



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|                                        |  |                       |        |  |      |   |         |      |  |   |        | 
|--------------------------------------- |  | --------------------- | ------ |  | ---- | - | ------- | ---- |  | - | ------ | 
|                                        |  | Year Ended August 31, |       
|                                        |  |                       |       
|Increase (Decrease) to Operating Income |  | 2005                  |        |  | 2004 |   |         | 2003 | 
|                                        |  |                       |        |  |      |   |         |      | 
|Communications & High Tech              |  | $                     | 21,274 |  |      | $ | (7,230  | )    |  | $ | 4,778  | 
|Financial Services                      |  |                       | 20,643 |  |      |   | (6,403  | )    |  |   | 4,319  | 
|Government                              |  |                       | 13,335 |  |      |   | (4,247  | )    |  |   | 2,526  | 
|Products                                |  |                       | 21,019 |  |      |   | (6,356  | )    |  |   | 4,278  | 
|Resources                               |  |                       | 12,986 |  |      |   | (4,655  | )    |  |   | 3,445  | 
|                                        |  |                       |        |  |      |   |         |      | 
|Total                                   |  | $                     | 89,257 |  |      | $ | (28,891 | )    |  | $ | 19,346 | 
|                                        |  |                       |        |  |      |   |         |      | 



|                               |  |          |           |  |         |   |           |              |  |   |           |  |  |   |            | 
|------------------------------ |  | -------- | --------- |  | ------- | - | --------- | ------------ |  | - | --------- |  |  | - | ---------- | 
|Year Ended August 31:          |  | Americas |           |  | EMEA(1) |   |           | Asia Pacific |  |   | Total     | 
|                               |  |          |           |  |         |   |           |              |  |   |           | 
|2005                           |  |          |           |  |         |   |           |              |  |   |           |  |  |   |            | 
|                               |  |          |           |  |         |   |           |              |  |   |           | 
|Revenues before reimbursements |  | $        | 6,729,626 |  |         | $ | 7,734,932 |              |  | $ | 1,082,471 |  |  | $ | 15,547,029 | 
|Reimbursements                 |  |          | 732,493   |  |         |   | 708,305   |              |  |   | 106,593   |  |  |   | 1,547,391  | 
|Revenues                       |  |          | 7,462,119 |  |         |   | 8,443,237 |              |  |   | 1,189,064 |  |  |   | 17,094,420 | 
|Long-lived assets at August 31 |  |          | 267,757   |  |         |   | 294,262   |              |  |   | 131,691   |  |  |   | 693,710    | 
|2004                           |  |          |           |  |         |   |           |              |  |   |           |  |  |   |            | 
|                               |  |          |           |  |         |   |           |              |  |   |           | 
|Revenues before reimbursements |  | $        | 6,133,081 |  |         | $ | 6,572,011 |              |  | $ | 968,471   |  |  | $ | 13,673,563 | 
|Reimbursements                 |  |          | 682,087   |  |         |   | 627,368   |              |  |   | 130,564   |  |  |   | 1,440,019  | 
|Revenues                       |  |          | 6,815,168 |  |         |   | 7,199,379 |              |  |   | 1,099,035 |  |  |   | 15,113,582 | 
|Long-lived assets at August 31 |  |          | 282,431   |  |         |   | 253,323   |              |  |   | 108,192   |  |  |   | 643,946    | 
|2003                           |  |          |           |  |         |   |           |              |  |   |           |  |  |   |            | 
|                               |  |          |           |  |         |   |           |              |  |   |           | 
|Revenues before reimbursements |  | $        | 5,671,026 |  |         | $ | 5,352,850 |              |  | $ | 794,123   |  |  | $ | 11,817,999 | 
|Reimbursements                 |  |          | 907,628   |  |         |   | 560,391   |              |  |   | 111,222   |  |  |   | 1,579,241  | 
|Revenues                       |  |          | 6,578,654 |  |         |   | 5,913,241 |              |  |   | 905,345   |  |  |   | 13,397,240 | 
|Long-lived assets at August 31 |  |          | 325,250   |  |         |   | 252,001   |              |  |   | 73,204    |  |  |   | 650,455    | 




|    |                                              
|--- | ---------------------------------------------
|(1) | EMEA includes Europe, Middle East and Africa.



|               |  |            |    |   |      |  |    |      |  |  |    |  
|-------------- |  | ---------- | -- | - | ---- |  | -- | ---- |  |  | -- | -
|               |  | August 31, |   
|               |  |            |   
|               |  | 2005       |    |   | 2004 |  |    | 2003 | 
|               |  |            |    |   |      |  |    |      | 
|United States  |  |            | 37 | % |      |  | 39 | %    |  |  | 43 | %
|United Kingdom |  |            | 17 | % |      |  | 16 | %    |  |  | 14 | %

F-45



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)




|               |  |            |    |   |      |  |    |      |  |  |    |  
|-------------- |  | ---------- | -- | - | ---- |  | -- | ---- |  |  | -- | -
|               |  | August 31, |   
|               |  |            |   
|               |  | 2005       |    |   | 2004 |  |    | 2003 | 
|               |  |            |    |   |      |  |    |      | 
|United States  |  |            | 34 | % |      |  | 37 | %    |  |  | 43 | %
|United Kingdom |  |            | 20 | % |      |  | 12 | %    |  |  | 11 | %
|India          |  |            | 10 | % |      |  | 9  | %    |  |  | 4  | %



|               |                                |                       |           |            |      |   |           |            |  |   |           |            | 
|-------------- | ------------------------------ | --------------------- | --------- | ---------- | ---- | - | --------- | ---------- |  | - | --------- | ---------- | 
|               |                                | Year Ended August 31, |          
|               |                                |                       |          
|               |                                | 2005                  |           |            | 2004 |   |           | 2003       | 
|               |                                |                       |           |            |      |   |           |            | 
|Consulting(1)  |                                | $                     | 9,559,157 |            |      | $ | 8,589,645 |            |  | $ | 8,048,134 |           
|Outsourcing(1) |                                |                       | 5,987,872 |            |      |   | 5,083,918 |            |  |   | 3,769,865 |           
|               |                                |                       |           |            |      |   |           |            | 
|               | Revenues before reimbursements |                       |           | 15,547,029 |      |   |           | 13,673,563 |  |   |           | 11,817,999 | 
|Reimbursements |                                |                       | 1,547,391 |            |      |   | 1,440,019 |            |  |   | 1,579,241 |           
|               |                                |                       |           |            |      |   |           |            | 
|               | Revenues                       |                       | $         | 17,094,420 |      |   | $         | 15,113,582 |  |   | $         | 13,397,240 | 
|               |                                |                       |           |            |      |   |           |            | 




|    |                                                                                                                                                                                                                         
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | In fiscal 2003, $334,972 of revenues before reimbursements
    previously classified as Other have been
    reclassified to Consulting or
    Outsourcing type of work to conform to the current
    presentation.

17.     QUARTERLY DATA
(unaudited)


|                                        |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |  |            |             | 
|--------------------------------------- | --------- | ------- | --------- | ----------- | ------- | - | --------- | ----------- |  | - | --------- | ----------- |  | ------ | --------- | ----------- |  |  | ---------- | ----------- | 
|Year Ended August 31:                   |           | First   |           |             | Second  |   |           | Third       |  |   | Fourth    |             |  |       
|2005                                    |           | Quarter |           |             | Quarter |   |           | Quarter     |  |   | Quarter   |             |  | Annual |          
|                                        |           |         |           |             |         |   |           |             |  |   |           |             |  |        |          
|Revenues before reimbursements          |           | $       | 3,730,355 |             |         | $ | 3,813,522 |             |  | $ | 4,078,573 |             |  |        | 3,924,579 |             |  |  | 15,547,029 |            
|Reimbursements                          |           |         | 341,017   |             |         |   | 402,862   |             |  |   | 419,037   |             |  |        | 384,475   |             |  |  | 1,547,391  |            
|Revenues                                |           |         | 4,071,372 |             |         |   | 4,216,384 |             |  |   | 4,497,610 |             |  |        | 4,309,054 |             |  |  | 17,094,420 |            
|Operating income                        |           |         | 458,150   |             |         |   | 471,952   |             |  |   | 671,948   |             |  |        | 509,188   |             |  |  | 2,111,238  |            
|Net income                              |           |         | 196,273   |             |         |   | 209,786   |             |  |   | 305,280   |             |  |        | 229,135   |             |  |  | 940,474    |            
|Earnings per Class A common share:      |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |  |            |            
|                                        |  Basic   |         |           | 0.33        |         |   |           | 0.35        |  |   |           | 0.52        |  |        |           | 0.39        |  |  |            | 1.60        | 
|                                        |  Diluted |         |           | 0.32        |         |   |           | 0.35        |  |   |           | 0.51        |  |        |           | 0.38        |  |  |            | 1.56        | 
|Weighted average Class A common shares: |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |  |            |            
|                                        |  Basic   |         |           | 590,029,649 |         |   |           | 591,694,862 |  |   |           | 587,277,097 |  |        |           | 584,088,816 |  |  |            | 588,505,335 | 
|                                        |  Diluted |         |           | 980,298,997 |         |   |           | 979,750,161 |  |   |           | 951,945,669 |  |        |           | 930,688,067 |  |  |            | 960,514,976 | 
|Common stock price per share:           |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |  |            |            
|                                        |  High    |         |           | 27.58       |         |   |           | 27.60       |  |   |           | 25.97       |  |        |           | 25.70       |  |  |            | 27.60       | 
|                                        |  Low     |         |           | 22.61       |         |   |           | 24.39       |  |   |           | 21.00       |  |        |           | 22.20       |  |  |            | 21.00       | 

F-46



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(In thousands of U.S. Dollars, except share and per
share amounts or as otherwise disclosed)


|                                        |           |         |           |               |         |   |           |             |  |   |           |               |  |        |           |             |  |   |            |               | 
|--------------------------------------- | --------- | ------- | --------- | ------------- | ------- | - | --------- | ----------- |  | - | --------- | ------------- |  | ------ | --------- | ----------- |  | - | ---------- | ------------- | 
|                                        |           | First   |           |               | Second  |   |           | Third       |  |   | Fourth    |               |  |       
|2004                                    |           | Quarter |           |               | Quarter |   |           | Quarter     |  |   | Quarter   |               |  | Annual |          
|                                        |           |         |           |               |         |   |           |             |  |   |           |               |  |        |          
|Revenues before reimbursements          |           | $       | 3,261,585 |               |         | $ | 3,302,209 |             |  | $ | 3,686,662 |               |  | $      | 3,423,107 |             |  | $ | 13,673,563 |              
|Reimbursements                          |           |         | 312,903   |               |         |   | 380,095   |             |  |   | 363,579   |               |  |        | 383,442   |             |  |   | 1,440,019  |              
|Revenues                                |           |         | 3,574,488 |               |         |   | 3,682,304 |             |  |   | 4,050,241 |               |  |        | 3,806,549 |             |  |   | 15,113,582 |              
|Operating income                        |           |         | 507,140   |               |         |   | 307,429   |             |  |   | 573,157   |               |  |        | 370,900   |             |  |   | 1,758,626  |              
|Net income                              |           |         | 174,340   |               |         |   | 123,089   |             |  |   | 210,409   |               |  |        | 182,990   |             |  |   | 690,828    |              
|Earnings per Class A common share:      |           |         |           |               |         |   |           |             |  |   |           |               |  |        |           |             |  |   |            |              
|                                        |  Basic   |         |           | 0.34          |         |   |           | 0.23        |  |   |           | 0.38          |  |        |           | 0.31        |  |   |            | 1.25          | 
|                                        |  Diluted |         |           | 0.33          |         |   |           | 0.22        |  |   |           | 0.37          |  |        |           | 0.30        |  |   |            | 1.22          | 
|Weighted average Class A common shares: |           |         |           |               |         |   |           |             |  |   |           |               |  |        |           |             |  |   |            |              
|                                        |  Basic   |         |           | 519,417,011   |         |   |           | 544,052,062 |  |   |           | 558,330,780   |  |        |           | 589,080,622 |  |   |            | 553,298,104   | 
|                                        |  Diluted |         |           | 1,019,952,588 |         |   |           | 998,003,396 |  |   |           | 1,000,536,090 |  |        |           | 986,250,253 |  |   |            | 1,002,813,443 | 
|Common stock price per share:           |           |         |           |               |         |   |           |             |  |   |           |               |  |        |           |             |  |   |            |              
|                                        |  High    |         |           | 25.37         |         |   |           | 26.95       |  |   |           | 25.91         |  |        |           | 28.10       |  |   |            | 28.10         | 
|                                        |  Low     |         |           | 21.00         |         |   |           | 21.85       |  |   |           | 22.61         |  |        |           | 23.25       |  |   |            | 21.00         | 

18.     SUBSEQUENT EVENTS






F-47