##### 









UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


WASHINGTON, D.C. 20549





FORM 10-K


|                                          |  |                                                                                                                                                        
|----------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------
|(Mark One)                               
|þ                                         |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934                                                               
|                                         
|For the fiscal year ended August 31, 2006
|                                         
|OR                                       
|                                         
|o                                         |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934 for the transition period
    from           to          .

Commission File Number: 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                  








þ o


o þ


þ o


S-K 10-K 10-K. þ




þ o o


12b-2 o þ






DOCUMENTS INCORPORATED BY REFERENCE












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TABLE OF CONTENTS


|           |  |                                                                                                                      |  |      |    | 
|---------- |  | -------------------------------------------------------------------------------------------------------------------- |  | ---- | -- | 
|           |  |                                                                                                                      |  | Page |   
|           |  |                                                                                                                      |  |      |   
|Part I     |  |                                                                                                                      |  |      |    | 
|Item 1.    |  | Business                                                                                                             |  |      | 1  | 
|Item 1A.   |  | Risk Factors                                                                                                         |  |      | 20 | 
|Item 1B.   |  | Unresolved Staff Comments                                                                                            |  |      | 36 | 
|Item 2.    |  | Properties                                                                                                           |  |      | 36 | 
|Item 3.    |  | Legal Proceedings                                                                                                    |  |      | 36 | 
|Item 4.    |  | Submission of Matters to a Vote of Security
    Holders                                                              |  |      | 36 | 
|Part II    |  |                                                                                                                      |  |      |    | 
|Item 5.    |  | Market for Registrants Common Equity,
    Related Shareholder Matters and Issuer Purchases of Equity
    Securities |  |      | 39 | 
|Item 6.    |  | Selected Financial Data                                                                                              |  |      | 43 | 
|Item 7.    |  | Managements Discussion and Analysis
    of Financial Condition and Results of Operations                            |  |      | 44 | 
|Item 7A.   |  | Quantitative and Qualitative Disclosures
    about Market Risk                                                       |  |      | 72 | 
|Item 8.    |  | Financial Statements and Supplementary
    Data                                                                      |  |      | 73 | 
|Item 9.    |  | Changes in and Disagreements with
    Accountants on Accounting and Financial Disclosure                             |  |      | 73 | 
|Item 9A.   |  | Controls and Procedures                                                                                              |  |      | 73 | 
|Item 9B.   |  | Other Information                                                                                                    |  |      | 74 | 
|Part III   |  |                                                                                                                      |  |      |    | 
|Item 10.   |  | Directors and Executive Officers of the
    Registrant                                                               |  |      | 75 | 
|Item 11.   |  | Executive Compensation                                                                                               |  |      | 75 | 
|Item 12.   |  | Security Ownership of Certain Beneficial
    Owners and Management and Related Shareholder Matters                   |  |      | 75 | 
|Item 13.   |  | Certain Relationships and Related
    Transactions                                                                   |  |      | 75 | 
|Item 14.   |  | Principal Accounting Fees and Services                                                                               |  |      | 75 | 
|Part IV    |  |                                                                                                                      |  |      |    | 
|Item 15.   |  | Exhibits, Financial Statement Schedules                                                                              |  |      | 76 | 
|Signatures |  |                                                                                                                      |  |     





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PART I


Disclosure Regarding Forward-Looking Statements


10-K


Available Information


10-K, 10-Q, 8-K 10-K.


1-800-SEC-0330.


10-K,







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

Overview






1



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end-to


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 & Consumer
     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 62% of our Communications & High Tech
    operating groups revenues before reimbursements in fiscal
    2006.
|
| |  | Electronics & High Tech. Our
    Electronics & High Tech industry group serves the
    communications technology, consumer technology, enterprise
    technology, semiconductor, software and aerospace/ defense
    segments. This industry group provides services in areas such as
    strategy, enterprise resource management, customer relationship
    management, supply chain management, software development, human
    performance, and merger/acquisition activities, including
    post-merger integration. We also offer a suite of reusable
    solutions, called Accenture High Tech Solutions, designed to
    address the industrys major business and operational
    challenges, such as new product innovation and development,
    customer service and support, sales and marketing, and
    globalization.                                                                                                                                                                                                                          
|
| |  | Media & Entertainment. Our
    Media & Entertainment industry group serves the
    broadcast, entertainment (television, music and movie), print,
    publishing and portal industries. Professionals in this industry
    group provide a wide range of services, including digital
    content solutions designed to help companies effectively manage,
    distribute and protect content across numerous media channels.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  



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



3



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Banking. Our Banking industry group works with
    retail and commercial banks and diversified financial
    enterprises. We help these organizations develop and execute
    strategies to target, acquire and retain customers more
    effectively, expand product and service offerings, comply with
    new regulatory initiatives, and leverage new technologies and
    distribution channels. Our Banking industry group represented
    approximately 55% of our Financial Services operating
    groups revenues before reimbursements in fiscal 2006.                                                                                                                                                                                                                                                                    
|
| |  | Capital Markets. Our Capital Markets industry
    group helps investment banks, broker/ dealers, asset management
    firms, depositories, clearing organizations and exchanges
    improve operational efficiency and transform their businesses to
    remain competitive.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|
| |  | Insurance. Our Insurance industry group helps
    property and casualty insurers, life insurers, reinsurance firms
    and insurance brokers improve business processes, develop
    Internet-based insurance businesses and improve the quality and
    consistency of risk selection decisions. Our Insurance industry
    group has also developed a claims management capability that
    enables insurers to provide better customer service while
    optimizing claims costs. We also provide a variety of outsourced
    solutions to help insurers improve working capital and cash
    flow, deliver permanent cost savings and enhance long-term
    growth. Our Insurance industry group represented approximately
    31% of our Financial Services operating groups revenues
    before reimbursements in fiscal 2006.



| |         
| | --------
| | Products





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Automotive. Our Automotive industry group works
    with auto manufacturers, suppliers, dealers, retailers and
    service providers. Professionals in this industry group help
    clients develop and implement innovative solutions focused on
    product development and commercialization, customer service and
    retention, channel strategy and management, branding,
    buyer-driven business models, cost reduction, customer
    relationship management and integrated supplier partnerships.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|
| |  | Consumer Goods & Services. Our Consumer
    Goods & Services industry group serves food, beverage,
    household goods and personal care, tobacco and footwear/apparel
    manufacturers around the world. We add value to these companies
    through service offerings designed to enhance performance by
    addressing critical elements of success, including sales and
    marketing productivity, customer and consumer insight, working
    capital productivity improvement, supply chain collaboration,
    and overhead productivity improvement.                                                                                                                                                                                                                                                                                                                                                                                                                  
|
| |  | Health & Life Sciences. Our
    Health & Life Sciences industry group works with
    healthcare providers, government health departments,
    policy-making authorities/regulators, managed care
    organizations, health insurers and pharmaceutical,
    biotechnology, medical products and other industry-related
    companies to improve the quality, accessibility and
    affordability of healthcare. Our key offerings include health
    clinical transformation, electronic health records and hospital
    back-office services in the provider/government segment;
    research and development transformation, commercial
    effectiveness and customer interaction, and integrated
    electronic compliance (manufacturing and supply chain) in the
    pharmaceuticals and medical products segment; and health
    information and data management, claims excellence/cost
    containment and health plan back-office services in the payor
    segment.

4



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Industrial Equipment. Our Industrial Equipment
    industry group serves the industrial and electrical equipment,
    construction, consumer durable and heavy equipment industries.
    We help our clients increase operating and supply chain
    efficiencies by improving processes and leveraging technology.
    We also help clients generate value from strategic mergers and
    acquisitions. In addition, our Industrial Equipment industry
    group develops and deploys innovative solutions in the areas of
    channel management, collaborative product design, remote field
    maintenance, enterprise application integration and outsourcing.                                                                                                                                                                                                                                     
|
| |  | Retail. Our Retail industry group serves a wide
    spectrum of retailers and distributors, including supermarkets,
    specialty premium retailers and large mass-merchandise
    discounters. We provide service offerings that help clients
    address new ways of reaching the retail trade and consumers
    through precision marketing; maximize brand synergies and cost
    reductions in mergers and acquisitions; improve supply chain
    efficiencies through collaborative commerce business models; and
    enhance the efficiency of internal operations. Our Retail
    industry group represented approximately 31% of our Products
    operating groups revenues before reimbursements in fiscal
    2006.                                                                                                                                                                         
|
| |  | Transportation & Travel Services. Our
    Transportation & Travel Services industry group serves
    companies in the airline, freight transportation, third-party
    logistics, hospitality, gaming, car rental, passenger rail and
    travel distribution industries. We help clients develop and
    implement strategies and solutions to improve customer
    relationship management capabilities, operate more-efficient
    networks, integrate supply chains, develop procurement and
    electronic business marketplace strategies, and more effectively
    manage maintenance, repair and overhaul processes and expenses.
    Through our Navitaire subsidiary, we offer airlines a range of
    services, including reservations, direct ticket distribution,
    revenue protection, decision support, passenger revenue
    accounting and revenue management on an outsourced basis.



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





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Chemicals. Our Chemicals industry group works with
    a wide cross-section of industry segments, including
    petrochemicals, specialty chemicals, polymers and plastics,
    gases and life science companies. We also have long-term
    outsourcing contracts with many industry leaders.                                                                                                                                                                                                                                                                  
|
| |  | Energy. Our Energy industry group serves a wide
    range of companies in the oil and gas industry, including
    upstream, downstream and oil services companies. Our key areas
    of focus include helping clients optimize production, manage the
    hydrocarbon supply chain, streamline retail operations and
    realize the full potential of third-party enterprise-wide
    technology solutions. In addition, our multi-client outsourcing
    centers enable clients to increase operational efficiencies and
    exploit cross-industry synergies.
|
| |  | Natural Resources. Our Natural Resources industry
    group serves the forest products and metals and mining
    industries. We help lumber, pulp, papermaking, converting and
    packaging companies as well as iron, steel, aluminum, coal,
    copper and precious metals companies develop and implement new
    business strategies, redesign business processes, manage complex                                                                                                                                                                          

5



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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   | change initiatives, and
    integrate processes and technologies to achieve higher levels of
    performance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|
| |  | Utilities.Our Utilities industry group works with electric, gas and water
    utilities around the world to respond to an evolving and highly
    competitive marketplace. The groups work includes helping
    utilities transform themselves from regulated, and sometimes
    state-owned, local entities to global deregulated corporations,
    as well as developing diverse products and service offerings to
    help our clients deliver higher levels of service to their
    customers. These offerings include customer relationship
    management, workforce enablement, supply chain optimization, and
    trading and risk management. We also provide a range of
    outsourced customer-care services to utilities and retail energy
    companies in North America. Our Utilities industry group
    represented approximately 42% of our Resources operating
    groups revenues before reimbursements in fiscal 2006.



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









| |                     
| | --------------------
| | Growth
    Platforms



6



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| |                        
| | -----------------------
| | Business
    Consulting





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Customer Relationship Management. The
    professionals in our Customer Relationship Management
    (CRM) service line help companies acquire, develop
    and retain more profitable customer relationships. We offer a
    full range of innovative capabilities that address every aspect
    of CRM, including marketing, direct and indirect sales, customer
    service, field support and customer contact operations. These
    capabilities include rigorous approaches to improving the return
    on marketing investment, methods for building insight into
    customers purchase habits and service preferences,
    tailoring offers and service treatment based upon that insight,
    and unique methods of optimizing the quality, cost and revenue
    impact of sales and service operations. Together with our
    alliance partners, we bring these skills to our clients to help
    them accelerate growth, improve marketing and sales productivity
    and reduce customer-care coststhus increasing the value of
    their customer relationships and enhancing the economic value of
    their brands.                                                                                                                                                                                                                                                                                                                                       
|
| |  | Finance & Performance Management. The
    professionals in our Finance & Performance Management
    service line work with our clients finance and business
    unit executives to develop financial transaction processing,
    risk management and business performance reporting capabilities.
    Among the services we provide are strategic consulting with
    regard to the design and structure of the finance function; the
    establishment of shared service centers; and the configuration
    of enterprise resource planning platforms for streamlining
    transaction processing. Our finance capability services also
    address revenue cycle management, billing, credit risk and
    collection effectiveness, electronic invoicing and settlement,
    tax processing, lending and debt recovery. Our performance
    management services address shareholder value targeting,
    scorecard and performance metrics development, performance
    reporting solutions and applied business analytics to improve
    profitability. Our professionals, who often utilize the
    resources of Accenture Finance Solutions, one of our Business
    Process Outsourcing (BPO) businesses, work with
    finance executives to develop and implement solutions that help
    them align their companies investments with their business
    objectives and establish security relating to the exchange of
    information to reporting institutions.
|
| |  | Human Performance. The professionals in our Human
    Performance service line work with clients on a wide range of
    workforce and organizational issues to deliver improved business
    and operational results. Our integrated approach and
    end-to-end capabilities
    include services and solutions in organization and change
    management, human resources (HR) administration, learning,
    knowledge management, performance management, talent management,
    HR IT systems implementation and overall transformation of
    key workforces. Through our Human Performance service line, we
    help companies and governments improve the efficiency and
    effectiveness of their HR services while lowering associated
    costs; deliver improvements in employee and workforce
    performance; and transform organizations through project-,
    program- and enterprise-level change management.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|
| |  | Strategy. Our Strategy professionals utilize a
    combination of strategy and operations experience to help senior
    executives translate insights into results at both the
    enterprise and business-unit level. With deep skills and
    capabilities in corporate strategy, corporate restructuring,
    growth and innovation strategies, mergers and acquisitions,
    merger integration, organization strategy, pricing strategy and
    profitability assessment, shareholder value analysis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

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



| |                                       
| | --------------------------------------
| | Systems Integration and
    Technology





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Information Management Services. We provide
    services to help organizations manage the full range of their
    information needs to improve data quality, enhance
    decision-making capabilities and meet compliance requirements.
    This includes managing both structured data (business
    intelligence) and unstructured content (content management and
    portals).                                                                                           
|
| |  | Complex Solution Architecture. With deep skills
    and expertise in both J2EE (Java-based) and .NET technology
    architectures, we work with clients to address gaps in the
    functionality provided by commercial packaged applications;
    address technical aspects of the business process that are
    unique to a client; and develop customized technical solutions
    for business processes for which no packaged solutions are
    available.               
|
| |  | Enterprise Architecture. We provide solutions that
    integrate information technology (IT) with business
    capabilities to provide a seamless operating environment for
    organizations. Our solutions provide a reference point for
    measuring both IT investment and results in the delivery roadmap
    that defines how IT systems need to change to drive future
    business growth and higher performance.                                                 
|
| |  | Enterprise Solutions. We implement a variety of
    application softwareincluding SAP and Oracle, among
    othersto streamline business processes, systems and
    information and help organizations access, manage and exploit
    data to make more-informed business decisions.                                                                                                                                                                                       
|
| |  | Integration. We use a variety of technology
    architectures and platformsincluding service-oriented
    architectures (see below), among othersand Web services
    standards to connect and streamline business processes, systems
    and information to reduce costs and improve business and IT
    performance.                                                                                                                                                     
|
| |  | Infrastructure Consulting Services. We provide
    solutions to help organizations optimize their IT
    infrastructures while reducing costs. From data center,
    operations engineering and network infrastructure to desktop and
    security solutions, our services enable clients to rationalize,
    standardize, secure and transform their IT infrastructures for
    improved performance of mission-critical business processes,
    applications and end users.
|
| |  | IT Strategy & Transformation. We help
    CEOs and CIOs with critical IT challenges, such as advising on
    IT investments based on bottom-line return, and help them
    understand how                                                                                                                                                                                                                                                                                    

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| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   | technologies can enable their
    business solutions and turn technology innovation into business
    results for competitive advantage.                                                                                                                                                                                                                                                                                                                                                                                                                        
|
| |  | Microsoft
    Solutions.Together with our alliance partner Microsoft and our Avanade
    subsidiary, we develop and deliver cost-efficient, innovative
    business solutions based on Microsoft Windows Server 2003 and
    other .NET technologies, leveraging our deep industry expertise
    and practical applications of leading-edge technologies.                                                                                                                                                                                                       
|
| |  | Mobile
    Solutions.We
    help clients develop solutions that give their workforces access
    to key enterprise applicationsincluding supply chain
    management, telematics, field force enablement, customer
    relationship management and customer database
    applicationsthrough mobile devices and/or the Internet.                                                                                                                                                                                                                              
|
| |  | Service-Oriented
    Architecture.We
    help CIOs and business leaders unleash the potential of
    service-oriented architecture to enable improvement in IT
    efficiency and a more effective alignment between business
    processes and applications. Accenture guides organizations
    through a four-phased approach for designing and building
    flexible IT solutions that enable business process components to
    be assembled and used more efficiently to deliver distinctive
    business services and capabilities for higher performance.
|
| |  | Research &
    Development.We
    use new and emerging technologies to develop business solutions
    that we believe will be the drivers of our clients growth
    and enable them to be first to market with unique capabilities.
    Key areas of focus include information insight and sensor
    technologies.                                                                                                                                                                                                                                            



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





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Business Process Outsourcing. We work with clients
    to develop and deliver business process innovations that
    transform their businesses and deliver higher performance levels
    at lower costs. Through our BPO services, we manage specific
    business processes or functions for clients, providing solutions
    that are more efficient and cost-effective than if the functions
    were provided in-house. In addition to providing individual BPO
    services, we can bundle two or more business functions to
    provide clients with even greater efficiencies, control and cost
    savings.



| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | We offer clients across all industries a variety of
    function-specific BPO services, including finance and
    accounting, human resources, learning, procurement and customer
    contact. Through several acquisitions in fiscal 2006, we
    enhanced our finance and accounting outsourcing capabilities in
    the areas of profit recovery and analytics and also expanded the
    range of back-office BPO capabilities to include those designed
    specifically for the middle market. We also offer specialized
    services tailored to clients in specific industries. For
    instance, we offer life insurers policy administration and
    management services, including high-volume transaction
    processing capabilities. We provide utilities companies with
    facilities and field services, as well as specialized customer
    care, finance and accounting, human resources, supply chain and
    information technology services. In addition, through our
    Navitaire subsidiary, we offer airlines a range of services,
    including reservations, direct ticket distribution, revenue
    protection, decision support, passenger revenue accounting and
    revenue management.

9



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



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



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                         
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Infrastructure Outsourcing. We deliver an
    integrated set of managed infrastructure services encompassing
    all infrastructure functions from network access and
    desktop management to remote technology support. Services can be
    delivered as discrete, standalone solutions or bundled with
    Accenture application outsourcing and BPO services. Our
    infrastructure outsourcing services include:



| |   |                                                                                                                                                        
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | IT spend management Asset management, as well as
    managed procurement and technology spend, to reduce overall IT
    non-salary spending;          
|
| |  | Data center services Hosting to support development
    and production environments, storage services, database
    management and messaging services;
|
| |  | Service desk Single point of contact for support
    and online portal services to resolve front-line issues;                                         
|
| |  | Security services Identity management, intrusion
    and firewall protection, end-user device and messaging security,
    and policy and awareness;   
|
| |  | Communications services Data and voice network
    management, optimization and converged services; and                                               
|
| |  | Workplace services Lifecycle management for
    desktops, field services and mobile devices, and file and print
    services.                         

Global Delivery Model




10



---



##### 







end-to




Alliances






Research and Innovation






11



---



##### 





Employees






Competition






| |   |                                                                                                                                                                                                                                         
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Large multinational providers, including the service arms of
    large global technology providers, that offer some or all of the
    consulting, systems integration and technology, and outsourcing
    services that we do;          
|
| |  | Off-shore service providers in lower-cost locations,
    particularly Indian providers, which offer a subset of the
    services we offer;                                                                                              
|
| |  | Niche solution or service providers which complete with us in a
    specific geographic market, industry segment or service area,
    including companies that provide new or alternative products,
    services or delivery models; and
|
| |  | Accounting firms that are expanding or re-emphasizing their
    provision of consulting services.                                                                                                                                       



Fortune Fortune




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

12



---



##### 





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




non-U.S.


Organizational Structure






13



---



##### 







Accenture Ltd Class A Common Shares and Class X
Common Shares






Accenture SCA Class I Common Shares






14



---



##### 



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


Accenture SCA Class II and Class III Common
Shares










15



---



##### 



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 or (b) end of employment
    by Accenture

16



---



##### 





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









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;                                                                                               

17



---



##### 





| |   |                                                                                                            
| | - | -----------------------------------------------------------------------------------------------------------
| |  | transfer covered shares held in employee benefit plans; and                                                
|
| |  | transfer covered shares in particular situations (for example,
    to immediate family members and trusts).



Administration and Resolution of Disputes.




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

General.


Covered Person Transfer Restrictions.




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

18



---



##### 







| |   |                                                                                                                                                                                                                                           
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 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 or (b) end of employment
    by Accenture



| |   |                                                                                                                                                                                                                                                                                                                                                
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Covered persons retiring at the age of 50 or above or who become
    disabled are granted accelerations of these provisions on terms
    identical to those applicable to Accenture Ltd Class A
    common shares held by covered persons and described under
    Accenture Ltd
    Bye-lawsCovered
    Person Transfer Restrictions above.



Term and Amendment.


Other Restrictions. lock-up


Administration and Resolution of Disputes.


Expiration of the Share Management Plan




19



---



##### 



10-K


Accenture Senior Executive Trading Policy









|         |             
|-------- | ------------
|ITEM 1A. | RISK FACTORS





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



| |                                                                                                                                                                                      
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our results of operations
    could be negatively affected if we cannot expand and develop our
    services and solutions in response to changes in technology and
    client demand.



20



---



##### 





| |                                                                                                                                                                 
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The consulting, systems
    integration and technology, and outsourcing markets are highly
    competitive, and we might not be able to compete
    effectively.





| |   |                                                                                                                                                                                                                                        
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Large multinational providers, including the service arms of
    large global technology providers, that offer some or all of the
    consulting, systems integration and technology, and outsourcing
    services that we do;         
|
| |  | Off-shore service providers in lower-cost locations,
    particularly Indian providers, which offer a subset of the
    services we offer;                                                                                             
|
| |  | Niche solution or service providers which compete with us in a
    specific geographic market, industry segment or service area,
    including companies that provide new or alternative products,
    services or delivery models; and
|
| |  | Accounting firms that are expanding or re-emphasizing their
    provision of consulting services.                                                                                                                                      









| |                                                                                                                                                                                             
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our results of operations
    could be affected by economic and political conditions and the
    effects of these conditions on our clients businesses and
    levels of business activity.



21



---



##### 





| |                                                                                                                        
| | -----------------------------------------------------------------------------------------------------------------------
| | Our work with government
    clients exposes us to additional risks inherent in the
    government contracting process.





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





| |                                                                                                     
| | ----------------------------------------------------------------------------------------------------
| | Our business could be
    adversely affected if our clients are not satisfied with our
    services.



22



---



##### 







| |                                                                                                                                       
| | --------------------------------------------------------------------------------------------------------------------------------------
| | Our business could be
    negatively affected if we incur legal liability in connection
    with providing our solutions and services.





| |                                                                                                                                
| | -------------------------------------------------------------------------------------------------------------------------------
| | Our results of operations
    could be adversely affected if our clients terminate their
    contracts with us on short notice.







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



23



---



##### 









| |                                                                                                                                                                             
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We could be subject to
    liabilities if our subcontractors or the third parties with whom
    we partner cannot deliver their project contributions on time or
    at all.





| |                                                                                                                                                                               
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our results of operations
    may be affected by the rate of growth in the use of technology
    in business and the type and level of technology spending by our
    clients.





| |                                                                                               
| | ----------------------------------------------------------------------------------------------
| | Our profitability could
    suffer if we are not able to maintain favorable pricing
    rates.



24



---



##### 







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



| |                                                                                                   
| | --------------------------------------------------------------------------------------------------
| | Our profitability could
    suffer if we are not able to maintain favorable utilization
    rates.





| |   |                                                                                                                                                 
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------
| |  | our ability to transition employees from completed projects to
    new assignments and to hire and assimilate new employees;                    
|
| |  | our ability to forecast demand for our services and thereby
    maintain an appropriate headcount in each of our geographies and
    workforces;
|
| |  | our ability to manage attrition; and                                                                                                            
|
| |  | our need to devote time and resources to training, professional
    development and other non-chargeable activities.                            



| |                                                                                                                                                             
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------
| | If our pricing structures
    do not accurately anticipate the cost and complexity of
    performing our work, then our contracts could be
    unprofitable.



25



---



##### 







| |                                                                                                                                                                                                                             
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Many of our contracts
    utilize performance pricing that links some of our fees to the
    attainment of various performance or business targets. This
    could increase the variability of our revenues and
    margins.





| |                                                      
| | -----------------------------------------------------
| | Our alliance relationships
    may not be successful.





| |                                                                                                       
| | ------------------------------------------------------------------------------------------------------
| | Our global operations are
    subject to complex risks, some of which might be beyond our
    control.



Our operating results may be adversely affected by
fluctuations in foreign currency exchange rates.


26



---



##### 





International hostilities, terrorist activities, natural
disasters and infrastructure disruptions could prevent us from
effectively serving our clients and thus adversely affect our
operating results.


We could have liability or our reputation could be damaged if
we do not protect client data or information systems or if our
information systems are breached.


We could incur liability or our reputation could be damaged
if our provision of services and solutions to our clients
contributes to our clients internal control
deficiencies.


27



---



##### 





Our global operations expose us to numerous and sometimes
conflicting legal and regulatory requirements, and violation of
these regulations could harm our business.


non-U.S.






| |                                                                            
| | ---------------------------------------------------------------------------
| | Our profitability could
    suffer if we are not able to control our costs.



28



---



##### 







| |                                                                                                                                                                                                   
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | If we are unable to
    attract, retain and motivate employees or efficiently utilize
    their skills, we might not be able to compete effectively and
    will not be able to grow our business.





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





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



29



---



##### 









| |                                                                                                                                                                                  
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our services or solutions
    could infringe upon the intellectual property rights of others
    or we might lose our ability to utilize the intellectual
    property of others.







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





30



---



##### 





| |                                                                                                                                                                                   
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | If we are unable to manage
    the organizational challenges associated with the size and
    expansion of our company, we might be unable to achieve our
    business objectives.





| |                                                                                                                                                                                                                    
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We might acquire other
    businesses or technologies, and there is a risk that we might
    not successfully integrate them with our business or might
    otherwise fail to achieve our strategic
    objectives.



Risks That Relate to Ownership of Our Class A Common
Shares




| |                                                                                                                                                                                                                                         
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The share price of
    Accenture Ltd Class A common shares could be adversely
    affected from time to time by sales, or the anticipation of
    future sales, of Class A common shares held by our
    employees and former employees.





| |                                                                          
| | -------------------------------------------------------------------------
| | A large number of shares will
    become freely tradable on July 24, 2009



| |   |                                                                                                                                                                                           
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | At the time of our transition to a corporate structure in 2001,
    many of our senior executives received a substantial number of
    Class A common shares and/or securities that may be

31



---



##### 



| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | exercisable, redeemable or
    exchangeable for Class A common shares or pursuant to which
    Class A common shares may be delivered to such senior
    executives. Those shares generally remain subject to transfer
    restrictions that lapse with the passage of time on an annual
    basis through July 24, 2009. See
    BusinessOrganizational StructureRestrictions
    on Transfer of Certain Accenture Shares. As of
    October 12, 2006, the following number of additional shares
    still held by our current and former senior executives and their
    permitted transferees are scheduled to have transfer
    restrictions lapse on the dates set forth below:

|                                                           |  |                            |            |  |                                |  |            | 
|---------------------------------------------------------- |  | -------------------------- | ---------- |  | ------------------------------ |  | ---------- | 
|                                                           |  | Number of additional       |            |  | Number of additional Accenture | 
|                                                           |  | Accenture Ltd              |            |  | SCA Class I common shares and  | 
|                                                           |  | Class A common shares that |            |  | Accenture Canada Holdings Inc. | 
|                                                           |  | are scheduled to become    |            |  | exchangeable shares that will  | 
|                                                           |  | available for transfer on  |            |  | become available for transfer  | 
|Anniversary Date                                           |  | anniversary date           |            |  | on anniversary date            | 
|                                                           |  |                            |            |  |                                | 
|July 24, 2007                                              |  |                            | 10,597,041 |  |                                |  | 28,825,937 | 
|July 24, 2008                                              |  |                            | 10,812,783 |  |                                |  | 32,533,067 | 
|July 24, 2009                                              |  |                            | 35,959,138 |  |                                |  | 74,327,885 | 
|Later of July 24, 2009 or end of employment with Accenture |  |                            | 23,370,544 |  |                                |  | 63,307,438 | 



build-up




| |                                                                                                         
| | --------------------------------------------------------------------------------------------------------
| | Our Senior Executive Trading
    Policy might not be effective at limiting the number of shares
    sold



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | In July 2005, we implemented a Senior Executive Trading Policy.
    It provides, among other things, that all shares covered by the
    transfer restrictions contained in our various charter documents
    and still held by actively employed senior executives but which
    are no longer restricted by the transfer restrictions described
    above will be subject to company-imposed quarterly trading
    guidelines. These guidelines currently limit the total number of
    shares redeemed, sold or otherwise transferred in any calendar
    quarter to no more than a composite average weekly volume of
    trading in Accenture Ltd Class A common shares. The policy
    guidelines are not legal or contractual restrictions, however,
    and there is a risk that the internal sanctions available to us
    might not adequately dissuade individual employees from
    attempting transfers in excess of the amounts permitted under
    the policy. Additionally, there is a risk that this policy
    creates an adverse incentive for some senior executives to
    retire or to terminate their Accenture employment in order to
    sell unrestricted shares that would otherwise be governed by
    these quarterly trading guidelines. This could have an adverse
    effect on our ability to retain talented and experienced senior
    executives.

32



---



##### 





| |                                                                                                                      
| | ---------------------------------------------------------------------------------------------------------------------
| | The sale of shares issued
    under our 2001 Share Incentive Plan could have an adverse
    effect on our share price



| |   |                                                                                                                                                                                                   
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | As of October 12, 2006, a total of 48,323,627 of our
    Class A common shares underlying restricted share units
    were scheduled to be delivered during the calendar years
    indicated below:

|               |  |                  |            | 
|-------------- |  | ---------------- | ---------- | 
|Calendar Year  |  | Number of Shares |           
|               |  |                  |           
|2006           |  |                  | 304,439    | 
|2007           |  |                  | 8,222,442  | 
|2008           |  |                  | 6,626,615  | 
|2009           |  |                  | 12,508,826 | 
|2010 and after |  |                  | 20,661,305 | 





| |   |                                                                                                                                                                                                                                                                                                                                                                                                                 
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | In addition, as of October 12, 2006, a total of
    55,037,422 Accenture Ltd Class A common shares were
    issuable pursuant to options, of which options to purchase an
    aggregate of 44,198,638 Class A common shares were
    exercisable and options to purchase an aggregate of 10,838,784
    Class A common shares are scheduled to become exercisable
    during the calendar years indicated below:

|              |  |                  |           | 
|------------- |  | ---------------- | --------- | 
|Calendar Year |  | Number of Shares |          
|              |  |                  |          
|2006          |  |                  | 73,894    | 
|2007          |  |                  | 8,088,889 | 
|After 2007    |  |                  | 2,676,001 | 





| |                                                                                                                                                                                                                                                  
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Our share price has
    fluctuated in the past and could continue to fluctuate,
    including in response to variability in revenues, operating
    results and profitability, and as a result our share price could
    be difficult to predict.





| |   |                                                                                                                  
| | - | -----------------------------------------------------------------------------------------------------------------
| |  | announcements by us or our competitors about developments in our
    business or prospects;                      
|
| |  | projections or speculation about our business or that of our
    competitors by the media or investment analysts;
|
| |  | changes in macroeconomic or political factors unrelated to our
    business;                                     
|
| |  | general or industry-specific market conditions or changes in
    financial markets; and                          
|
| |  | changes in our revenues, operating results and profitability.                                                    

33



---



##### 







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





| |                                                                                                              
| | -------------------------------------------------------------------------------------------------------------
| | Our share price could be
    adversely affected if we are unable to maintain effective
    internal controls.



34



---



##### 





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





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





35



---



##### 





| |                                                                                                                                                                                
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | We might be unable to
    access additional capital on favorable terms or at all. If we
    raise equity capital, it may dilute our shareholders
    ownership interest in us.





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








|         |                          
|-------- | -------------------------
|ITEM 1B. | UNRESOLVED STAFF COMMENTS








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








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












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



36



---



##### 



Executive Officers of the Registrant




Kevin Campbell,


Gianfranco Casati,


Martin I. Cole,


Anthony G. Coughlan,


Pamela J. Craig,


Karl-Heinz Flöther,


Mark Foster,


Robert N. Frerichs,


37



---



##### 



William D. Green,


Adrian Lajtha,


Lisa M. Mascolo,


Michael G. McGrath,


Stephen J. Rohleder,


Douglas G. Scrivner,


Alexander M. vant Noordende,


38



---



##### 






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 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                            |  | $           | 28.63 |  |     | $ | 24.45 | 
|Second Quarter                           |  | $           | 33.05 |  |     | $ | 28.02 | 
|Third Quarter                            |  | $           | 32.94 |  |     | $ | 26.17 | 
|Fourth Quarter                           |  | $           | 29.66 |  |     | $ | 25.68 | 
|Fiscal 2007                              |  |             |       |  |     |   |       | 
|First Quarter (through October 12, 2006) |  | $           | 33.15 |  |     | $ | 28.28 | 





Dividend Policy










39



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##### 





Recent Sales of Unregistered Securities




Securities Authorized for Issuance under Equity Compensation
Plans




|                                                       |                                   |                         |             |                  |                   |                  |                     |                       |  |  |             |             | 
|------------------------------------------------------ | --------------------------------- | ----------------------- | ----------- | ---------------- | ----------------- | ---------------- | ------------------- | --------------------- |  |  | ----------- | ----------- | 
|                                                       |                                   |                         |             |                  |                   | Number of Shares |                    
|                                                       |                                   |                         |             | Weighted Average |                   |                  | Remaining Available |                      
|                                                       |                                   | Number of Shares to be  |             |                  | Exercise Price of |                  |                     | for Future Issuance   | 
|                                                       |                                   | Issued Upon Exercise    |             |                  | Outstanding       |                  |                     | (Excluding Securities | 
|                                                       |                                   | of Outstanding Options, |             |                  | Options, Warrants |                  |                     | Reflected in 1st      | 
|Plan Category                                          |                                   | Warrants and Rights     |             |                  | and Rights        |                  |                     | Column)               | 
|                                                       |                                   |                         |             |                  |                   |                  |                     |                       | 
|Equity compensation plans approved by shareholders:    |                                   |                         |             |                  |                   |                  |                     |                       |  |  |             |            
|                                                       | 2001 Share Incentive Plan         |                         |             | 104,249,367      | (1)               |                  | $                   | 10.40                 |  |  |             | 165,164,681 | 
|                                                       | 2001 Employee Share Purchase Plan |                         |             |                 |                   |                  |                     | N/A                   |  |  |             | 32,371,514  | 
|Equity compensation plans not approved by shareholders |                                   |                         |            |                  |                   |                  | N/A                 |                       |  |  |            |            
|                                                       |                                   |                         |             |                  |                   |                  |                     |                       | 
|Total                                                  |                                   |                         | 104,249,367 |                  |                   |                  |                     |                       |  |  | 197,536,195 |            
|                                                       |                                   |                         |             |                  |                   |                  |                     |                       | 






|    |                                                                                                                                               
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Consists of 57,582,271 stock options with a weighted average
    exercise price of $18.84 per share and 46,667,096 restricted
    share units.

Purchases of Common Shares


year-to


40



---



##### 





|                               |                             |                  |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |   |     | 
|------------------------------ | --------------------------- | ---------------- |  | ---------- | ---------- | ------------------- | ---------------- | ------------------ | --------------- | -------- | --------------- | - |  |  | - | --- | 
|                               |                             |                  |  |            |            |                     |                  | 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)        |                 |          | or Programs     |  
|                               |                             |                  |  |            |            |                     |                  |                    |                 |          |                 |  
|                               |                             |                  |  |            |            |                     |                  | (In millions)      |                
|June 1, 2006June 30, 2006     |                             |                  |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |   |    
|                               | Class A common shares       |                  |  | 6,842      |            |                     | $                | 27.43              |                 |          |                 |  |  |  | $ | 978 | 
|                               | Class X common shares       |                  |  |           |            |                     |                  |                   |                 |          |                 |  |  |  |   |    | 
|July 1, 2006July 31, 2006     |                             |                  |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |   |    
|                               | Class A common shares       |                  |  | 487,582    |            |                     | $                | 28.46              |                 |          |                 |  |  |  | $ | 978 | 
|                               | Class X common shares       |                  |  | 14,848,926 |            |                     | $                | 0.0000225          |                 |          |                 |  |  |  |   |    | 
|August 1, 2006August 31, 2006 |                             |                  |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |   |    
|                               | Class A common shares       |                  |  |           |            |                     |                  |                   |                 |          |                 |  |  |  | $ | 978 | 
|                               | Class X common shares       |                  |  | 1,990,955  |            |                     | $                | 0.0000225          |                 |          |                 |  |  |  |   |    | 
|Total                          |                             |                  |  |            |            |                     |                  |                    |                 |          |                 |   |  |  |   |    
|                               | Class A common shares(1)(2) |                  |  | 494,424    |            |                     | $                | 28.45              |                 |          |                 |  |  |  |   |     | 
|                               | Class X common shares(3)    |                  |  | 16,839,881 |            |                     | $                | 0.0000225          |                 |          |                 |  |  |  |   |     | 






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Since August 2001, the Board of Directors of Accenture has
    authorized and periodically confirmed a publicly announced
    open-market share purchase program for acquiring Accenture Ltd
    Class A common shares. During the fourth quarter of fiscal
    2006, we did not purchase any Accenture Ltd Class A common
    shares under this program. To date, the Board of Directors of
    Accenture has authorized an aggregate of $2.4 billion for
    use in these open-market share purchases. At August 31,
    2006, an aggregate of $978 million remained available for
    these open-market share purchases. The open-market purchase
    program does not have an expiration date.
|(2) | During the fourth quarter of fiscal 2006, Accenture purchased
    494,424 Accenture Ltd Class A common shares in transactions
    unrelated to publicly announced share plans or programs. These
    transactions consisted of acquisitions of Accenture Ltd
    Class A common shares via share withholding for payroll tax
    obligations due from employees and former employees in
    connection with the delivery of Accenture Ltd Class A
    common shares under the Companys various employee equity
    share plans.                                                                                                                                                                  
|(3) | During the fourth quarter of fiscal 2006, the Company redeemed
    16,839,881 Accenture Ltd Class X common shares pursuant to
    its bye-laws. Accenture Ltd Class X common shares are
    redeemable at their par value of $0.0000225 per share.                                                                                                                                                                                                                                                                                                                                                                                                                                                

41



---



##### 



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     |  
|                               |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |  
|Accenture SCA                  |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|June 1, 2006June 30, 2006     |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Class I common shares    |                     |  |          |            |                     |                  |                   |                 |          |                 |  |  |  |  |  | 
|July 1, 2006July 31, 2006     |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Class I common shares    |                     |  | 6,250,637 |            |                     | $                | 28.28              |                 |          |                 |  |  |  |  |  | 
|August 1, 2006August 31, 2006 |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Class I common shares    |                     |  | 2,352,530 |            |                     | $                | 28.39              |                 |          |                 |  |  |  |  |  | 
|Total                          |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Class I common shares(2) |                     |  | 8,603,167 |            |                     | $                | 28.31              |                 |          |                 |  |  |  |  |  | 
|Accenture Canada Holdings Inc. |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|June 1, 2006June 30, 2006     |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Exchangeable shares      |                     |  |          |            |                     |                  |                   |                 |          |                 |  |  |  |  |  | 
|July 1, 2006July 31, 2006     |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Exchangeable shares      |                     |  | 44,970    |            |                     | $                | 28.05              |                 |          |                 |  |  |  |  |  | 
|August 1, 2006August 31, 2006 |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Exchangeable shares      |                     |  | 36,037    |            |                     | $                | 28.54              |                 |          |                 |  |  |  |  |  | 
|Total                          |                          |                     |  |           |            |                     |                  |                    |                 |          |                 |   |  |  |  |  
|                               | Exchangeable shares(2)   |                     |  | 81,007    |            |                     | $                | 28.27              |                 |          |                 |  |  |  |  |  | 






|    |                                                                                                                                                                                                                                                                                                                                                                                                                               
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | To date, the Board of Directors of Accenture has authorized an
    aggregate of $4.2 billion for purchases and redemptions of
    shares from our current and former senior executives and their
    permitted transferees under our Senior Executive Trading Policy
    and our prior Share Management Plan. At August 31, 2006, an
    aggregate of $942 million remained available for these
    purchases and redemptions.
|(2) | During the fourth quarter of fiscal 2006, Accenture redeemed and
    purchased a total of 8,603,167 Accenture SCA Class I common
    shares and 81,007 Accenture Canada Holdings Inc. exchangeable
    shares from current and former senior executives and their
    permitted transferees.                                                                                                                                  

Purchases and redemptions of Accenture SCA Class II and
Class III common shares




42



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##### 








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



|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |       |        |        |  |       |        |        | 
|------------------------------- | ------------------------------------------------- | ------------------------------------------------- | ----- | ------ | ------- |  | ----- | ------- | ------ |  | ------- | ------ | ------ | ------- | ----- | ------ | ------ |  | ----- | ------ | ------ | 
|                                |                                                   | Year Ended August 31,                             |      
|                                |                                                   |                                                   |      
|                                |                                                   | 2006(1)(2)(3)                                     |       |        | 2005(3) |  |       | 2004(3) |        |  | 2003(3) |        |        | 2002(3) |      
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|                                |                                                   | (in millions, except share and per share amounts) |      
|Income Statement Data:          |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |       |        |        |  |       |       
|Revenues:                       |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |       |        |        |  |       |       
|                                | Revenues before reimbursements                    |                                                   | $     | 16,646 |         |  | $     | 15,547  |        |  | $       | 13,673 |        |         | $     | 11,818 |        |  | $     | 11,574 |       
|                                | Reimbursements                                    |                                                   |       | 1,582  |         |  |       | 1,547   |        |  |         | 1,440  |        |         |       | 1,579  |        |  |       | 1,531  |       
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|                                |                                                   | Revenues                                          |       |        | 18,228  |  |       |         | 17,094 |  |         |        | 15,113 |         |       |        | 13,397 |  |       |        | 13,105 | 
|Operating expenses:             |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |       |        |        |  |       |       
|                                | Cost of services:                                 |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |       |        |        |  |       |        |       
|                                |                                                   | Cost of services before reimbursable expenses     |       |        | 11,652  |  |       |         | 10,455 |  |         |        | 9,057  |         |       |        | 7,508  |  |       |        | 6,897  | 
|                                |                                                   | Reimbursable expenses                             |       |        | 1,582   |  |       |         | 1,547  |  |         |        | 1,440  |         |       |        | 1,579  |  |       |        | 1,531  | 
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|                                |                                                   | Cost of services                                  |       |        | 13,234  |  |       |         | 12,002 |  |         |        | 10,497 |         |       |        | 9,087  |  |       |        | 8,428  | 
|                                | Sales and marketing                               |                                                   |       | 1,708  |         |  |       | 1,558   |        |  |         | 1,488  |        |         |       | 1,459  |        |  |       | 1,566  |       
|                                | General and administrative costs                  |                                                   |       | 1,493  |         |  |       | 1,512   |        |  |         | 1,340  |        |         |       | 1,319  |        |  |       | 1,616  |       
|                                | Reorganization and restructuring (benefits) costs |                                                   |       | (48    | )       |  |       | (89     | )      |  |         | 29     |        |         |       | (19    | )      |  |       | 111    |       
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|                                |                                                   | Total operating expenses                          |       |        | 16,387  |  |       |         | 14,983 |  |         |        | 13,355 |         |       |        | 11,846 |  |       |        | 11,720 | 
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|Operating income                |                                                   |                                                   | 1,841 |        |         |  | 2,111 |         |        |  | 1,759   |        |        |         | 1,551 |        |        |  | 1,385 |       
|Gain (loss) on investments, net |                                                   |                                                   | 2     |        |         |  | 21    |         |        |  | 3       |        |        |         | 10    |        |        |  | (321  | )     
|Interest income                 |                                                   |                                                   | 130   |        |         |  | 108   |         |        |  | 60      |        |        |         | 41    |        |        |  | 46    |       
|Interest expense                |                                                   |                                                   | (21   | )      |         |  | (24   | )       |        |  | (22     | )      |        |         | (21   | )      |        |  | (49   | )     
|Other (expense) income          |                                                   |                                                   | (28   | )      |         |  | (11   | )       |        |  |        |        |        |         | 32    |        |        |  | 15    |       
|Equity in losses of affiliates  |                                                   |                                                   |      |        |         |  |      |         |        |  | (2      | )      |        |         |      |        |        |  | (9    | )     
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|Income before income taxes      |                                                   |                                                   | 1,924 |        |         |  | 2,206 |         |        |  | 1,799   |        |        |         | 1,613 |        |        |  | 1,068 |       
|Provision for income taxes      |                                                   |                                                   | 491   |        |         |  | 697   |         |        |  | 576     |        |        |         | 566   |        |        |  | 491   |       
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|Income before minority interest |                                                   |                                                   | 1,433 |        |         |  | 1,509 |         |        |  | 1,223   |        |        |         | 1,047 |        |        |  | 576   |       
|Minority interest               |                                                   |                                                   | (460  | )      |         |  | (568  | )       |        |  | (532    | )      |        |         | (549  | )      |        |  | (332  | )     
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      
|                                |                                                   | Net income                                        |       | $      | 973     |  |       | $       | 940    |  |         | $      | 691    |         |       | $      | 498    |  |       | $      | 245    | 
|                                |                                                   |                                                   |       |        |         |  |       |         |        |  |         |        |        |         |      






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

43



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##### 



|                                        |  |                                                   |             |  |      |   |             |      |  |   |               |  |  |      |             |  |  |   |               | 
|--------------------------------------- |  | ------------------------------------------------- | ----------- |  | ---- | - | ----------- | ---- |  | - | ------------- |  |  | ---- | ----------- |  |  | - | ------------- | 
|                                        |  | Year Ended August 31,                             |            
|                                        |  |                                                   |            
|                                        |  | 2006                                              |             |  | 2005 |   |             | 2004 |  |   | 2003          |  |  | 2002 |            
|                                        |  |                                                   |             |  |      |   |             |      |  |   |               |  |  |      |            
|                                        |  | (in millions, except share and per share amounts) |            
|Weighted Average Class A Common Shares: |  |                                                   |             |  |      |   |             |      |  |   |               |  |  |      |             |  |  |   |               | 
|Basic                                   |  |                                                   | 589,099,824 |  |      |   | 588,505,335 |      |  |   | 553,298,104   |  |  |      | 468,592,110 |  |  |   | 425,941,809   | 
|Diluted                                 |  |                                                   | 893,810,585 |  |      |   | 960,853,814 |      |  |   | 1,003,081,228 |  |  |      | 996,982,549 |  |  |   | 1,023,950,170 | 
|Earnings Per Class A Common Share:      |  |                                                   |             |  |      |   |             |      |  |   |               |  |  |      |             |  |  |   |               | 
|Basic                                   |  | $                                                 | 1.65        |  |      | $ | 1.60        |      |  | $ | 1.25          |  |  | $    | 1.06        |  |  | $ | 0.57          | 
|Diluted                                 |  | $                                                 | 1.59        |  |      | $ | 1.56        |      |  | $ | 1.22          |  |  | $    | 1.05        |  |  | $ | 0.56          | 
|Dividends per common share              |  | $                                                 | 0.30        |  |      | $ |            |      |  | $ |              |  |  | $    |            |  |  | $ |              | 

|                                       |  |                  |       |  |      |   |       |      |  |   |       |  |  |      |       |  |  |   |       | 
|-------------------------------------- |  | ---------------- | ----- |  | ---- | - | ----- | ---- |  | - | ----- |  |  | ---- | ----- |  |  | - | ----- | 
|                                       |  | As of August 31, |      
|                                       |  |                  |      
|                                       |  | 2006             |       |  | 2005 |   |       | 2004 |  |   | 2003  |  |  | 2002 |      
|                                       |  |                  |       |  |      |   |       |      |  |   |       |  |  |      |      
|                                       |  | (in millions)    |      
|Balance Sheet Data:                    |  |                  |       |  |      |   |       |      |  |   |       |  |  |      |       |  |  |   |       | 
|Cash and cash equivalents              |  | $                | 3,067 |  |      | $ | 2,484 |      |  | $ | 2,553 |  |  | $    | 2,332 |  |  | $ | 1,317 | 
|Working capital                        |  |                  | 1,537 |  |      |   | 1,754 |      |  |   | 1,745 |  |  |      | 1,729 |  |  |   | 723   | 
|Total assets                           |  |                  | 9,418 |  |      |   | 8,957 |      |  |   | 8,013 |  |  |      | 6,459 |  |  |   | 5,479 | 
|Long-term debt, net of current portion |  |                  | 27    |  |      |   | 44    |      |  |   | 32    |  |  |      | 14    |  |  |   | 3     | 
|Shareholders equity                   |  |                  | 1,894 |  |      |   | 1,697 |      |  |   | 1,472 |  |  |      | 832   |  |  |   | 475   | 






|        |                                                                                          
|------- | -----------------------------------------------------------------------------------------
|ITEM 7. | MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL
    CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis should be read in
conjunction with our Consolidated Financial Statements and
related Notes included elsewhere in this Annual Report on
Form 10-K. This
discussion and analysis also contains forward-looking statements
and should also be read in conjunction with the disclosures and
information contained in Disclosure Regarding
Forward-Looking Statements and Risk Factors in
this Annual Report on
Form 10-K.


We use the terms Accenture, we,
our Company, our and us in
this report to refer to Accenture Ltd and its subsidiaries. All
references to years, unless otherwise noted, refer to our fiscal
year, which ends on August 31. For example, a reference to
fiscal 2006 or fiscal year 2006 means
the 12-month period
that ended on August 31, 2006. All references to quarters,
unless otherwise noted, refer to the quarters of our fiscal
year.


Overview






44



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##### 













45



---



##### 









Share-Based Payment








46



---



##### 











The NHS Contracts




47



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##### 







| |                                                      
| | -----------------------------------------------------
| | Design, Development and
    Deployment of the Systems

81-1, Accounting for Performance of Construction-Type and
Certain Production-Type Contracts.












| |                         
| | ------------------------
| | Operational
    Services



48



---



##### 







| |                        
| | -----------------------
| | Impact on
    Liquidity



Bookings and Backlog








Critical Accounting Policies and Estimates




49



---



##### 





Revenue Recognition




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


Revenue
Recognition in Financial Statements Revenue Recognition




50



---



##### 





set-up set-up set-up


00-21, Accounting for Revenue Arrangements with Multiple
Deliverables,






51



---



##### 





out-of


Income Taxes










Defined Benefit Pension Plans


Employers Accounting for
Pensions,


52



---



##### 



non-U.S.




|                                        |  |                  |      |          |       |  |      |            |          |  |       |   |  |            |      |   |       |  |      |   |  |  |      |  
|--------------------------------------- |  | ---------------- | ---- | -------- | ----- |  | ---- | ---------- | -------- |  | ----- | - |  | ---------- | ---- | - | ----- |  | ---- | - |  |  | ---- | -
|                                        |  | Pension Benefits |     
|                                        |  |                  |     
|                                        |  | 2007             |      |          | 2006  |  |      | 2005       |         
|                                        |  |                  |      |          |       |  |      |            |         
|                                        |  |                  |      | Non-U.S. |       |  |      |            | Non-U.S. |  |       |   |  | Non-U.S.   |     
|                                        |  | U.S. Plans       |      |          | Plans |  |      | U.S. Plans |          |  | Plans |   |  | U.S. Plans |      |   | Plans | 
|                                        |  |                  |      |          |       |  |      |            |          |  |       |   |  |            |      |   |       | 
|Discount rate                           |  |                  | 6.50 | %        |       |  | 4.68 | %          |          |  | 5.25  | % |  |            | 4.28 | % |       |  | 6.25 | % |  |  | 4.93 | %
|Expected return on plan assets          |  |                  | 7.50 | %        |       |  | 5.67 | %          |          |  | 7.50  | % |  |            | 5.57 | % |       |  | 7.50 | % |  |  | 5.19 | %
|Rate of increase in future compensation |  |                  | 4.50 | %        |       |  | 3.45 | %          |          |  | 4.50  | % |  |            | 3.27 | % |       |  | 4.50 | % |  |  | 3.16 | %



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

Non-U.S. non-U.S.






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

non-U.S.






53



---



##### 







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



Non-U.S. non-U.S. non-U.S.






Revenues by Segment/ Operating Group




54



---



##### 





|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      |  |     |    |   |  |     |    |   | 
|------------------------------------ | -------------------------- | -------------- | ------ | ----- | ---------- | - | ------ | ------------ | ------ | ---------------- | ---------- | --- | - | ---- | - | --- | ---- |  | --- | -- | - |  | --- | -- | - | 
|                                     |                            |                |        |       |            |   |        |              |        | Percent of Total |           
|                                     |                            |                |        |       |            |   |        |              |        | Revenues         |           
|                                     |                            |                |        |       |            |   |        |              |        | Before           |           
|                                     |                            |                |        |       |            |   |        |              |        | Reimbursements   |           
|                                     |                            |                |        |       |            |   |        | for the Year |       
|                                     |                            | Year Ended     |        |       | Percent    |   |        | Percent      |        |                  | Ended      |    
|                                     |                            | August 31,     |        |       | Increase   |   |        | Increase     |        |                  | August 31, |    
|                                     |                            |                |        |       | (Decrease) |   |        | Local        |        |                  |            |    
|                                     |                            | 2006           |        |       | 2005       |   |        | US$          |        |                  | Currency   |     |   | 2006 |   |     | 2005 | 
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|                                     |                            | (in millions)  |        |       |            |   |        |              |        |                  |           
|OPERATING GROUPS                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      |  |     |    |   |  |     |   
|                                     | Communications & High Tech |                | $      | 4,177 |            |   | $      | 4,001        |        |                  |            | 4   | % |      |   | 6   | %    |  |     | 25 | % |  |     | 26 | %
|                                     | Financial Services         |                |        | 3,558 |            |   |        | 3,408        |        |                  |            | 4   |   |      |   | 7   |      |  |     | 22 |   |  |     | 22 |  
|                                     | Government                 |                |        | 2,221 |            |   |        | 2,172        |        |                  |            | 2   |   |      |   | 4   |      |  |     | 13 |   |  |     | 14 |  
|                                     | Products                   |                |        | 4,011 |            |   |        | 3,570        |        |                  |            | 12  |   |      |   | 15  |      |  |     | 24 |   |  |     | 23 |  
|                                     | Resources                  |                |        | 2,666 |            |   |        | 2,389        |        |                  |            | 12  |   |      |   | 12  |      |  |     | 16 |   |  |     | 15 |  
|                                     | Other                      |                |        | 13    |            |   |        | 7            |        |                  |            | n/m |   |      |   | n/m |      |  |     |   |   |  |     |   |  
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|TOTAL Revenues Before Reimbursements |                            |                | 16,646 |       |            |   | 15,547 |              |        |                  | 7          | %   |   |      | 9 | %   |      |  | 100 | %  |   |  | 100 | % 
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|                                     |                            | Reimbursements |        |       | 1,582      |   |        |              | 1,547  |                  |            |     | 2 |      |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|                                     |                            | TOTAL REVENUES |        | $     | 18,228     |   |        | $            | 17,094 |                  |            |     | 7 | %    |   |     |      |  |     |    |   |  |     |    |   | 
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|GEOGRAPHY                            |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      |  |     |    |   |  |     |   
|                                     | Americas                   |                | $      | 7,741 |            |   | $      | 6,730        |        |                  |            | 15  | % |      |   | 14  | %    |  |     | 46 | % |  |     | 43 | %
|                                     | EMEA(1)                    |                |        | 7,644 |            |   |        | 7,735        |        |                  |            | (1  | ) |      |   | 3   |      |  |     | 46 |   |  |     | 50 |  
|                                     | Asia Pacific               |                |        | 1,261 |            |   |        | 1,082        |        |                  |            | 17  |   |      |   | 20  |      |  |     | 8  |   |  |     | 7  |  
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|TOTAL Revenues Before Reimbursements |                            | $              | 16,646 |       |            | $ | 15,547 |              |        |                  | 7          | %   |   |      | 9 | %   |      |  | 100 | %  |   |  | 100 | % 
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|TYPE OF WORK                         |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      |  |     |    |   |  |     |   
|                                     | Consulting                 |                | $      | 9,892 |            |   | $      | 9,559        |        |                  |            | 3   | % |      |   | 6   | %    |  |     | 59 | % |  |     | 61 | %
|                                     | Outsourcing                |                |        | 6,754 |            |   |        | 5,988        |        |                  |            | 13  |   |      |   | 14  |      |  |     | 41 |   |  |     | 39 |  
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 
|TOTAL Revenues Before Reimbursements |                            | $              | 16,646 |       |            | $ | 15,547 |              |        |                  | 7          | %   |   |      | 9 | %   |      |  | 100 | %  |   |  | 100 | % 
|                                     |                            |                |        |       |            |   |        |              |        |                  |            |     |   |      |   |     |      | 






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



|               |  |            |    |   |      |  |    |      |  |  |    |  
|-------------- |  | ---------- | -- | - | ---- |  | -- | ---- |  |  | -- | -
|               |  | August 31, |   
|               |  |            |   
|               |  | 2006       |    |   | 2005 |  |    | 2004 | 
|               |  |            |    |   |      |  |    |      | 
|United States  |  |            | 39 | % |      |  | 37 | %    |  |  | 39 | %
|United Kingdom |  |            | 13 |   |      |  | 17 |      |  |  | 16 |  

Year Ended August 31, 2006 Compared to Year Ended
August 31, 2005


Revenues




55



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##### 



















56



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##### 





Operating Expenses






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







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





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





| |                            
| | ---------------------------
| | Reorganization
    Benefits



57



---



##### 





Operating Income






|                           |  |                       |       |                |      |   |              |          |  |   |                |   |  |             |     |  |            |   |    |  |  |   |     |  
|-------------------------- |  | --------------------- | ----- | -------------- | ---- | - | ------------ | -------- |  | - | -------------- | - |  | ----------- | --- |  | ---------- | - | -- |  |  | - | --- | -
|                           |  | Year Ended August 31, |      
|                           |  |                       |      
|                           |  |                       |       | Effect of      |      |   |             
|                           |  |                       |       | Reorganization |      |   | Net Increase |         
|                           |  | 2006                  |       |                | 2005 |   |              | Decrease |  |   | Adjustments(1) |   |  | Benefits(2) |     |  | (Decrease) |  
|                           |  |                       |       |                |      |   |              |          |  |   |                |   |  |             |     |  |            |  
|                           |  | (in millions)         |      
|Communications & High Tech |  | $                     | 631   |                |      | $ | 673          |          |  | $ | (42            | ) |  | $           | 52  |  |            | $ | 11 |  |  | $ | 21  |  
|Financial Services         |  |                       | 388   |                |      |   | 500          |          |  |   | (112           | ) |  |             | 52  |  |            |   | 11 |  |  |   | (49 | )
|Government                 |  |                       | 83    |                |      |   | 169          |          |  |   | (86            | ) |  |             | 27  |  |            |   | 6  |  |  |   | (53 | )
|Products                   |  |                       | 400   |                |      |   | 413          |          |  |   | (13            | ) |  |             | 52  |  |            |   | 9  |  |  |   | 48  |  
|Resources                  |  |                       | 339   |                |      |   | 356          |          |  |   | (17            | ) |  |             | 35  |  |            |   | 6  |  |  |   | 24  |  
|                           |  |                       |       |                |      |   |              |          |  |   |                |   |  |             |     |  |            |  
|Total                      |  | $                     | 1,841 |                |      | $ | 2,111        |          |  | $ | (270           | ) |  | $           | 218 |  |            | $ | 43 |  |  | $ | (9  | )
|                           |  |                       |       |                |      |   |              |          |  |   |                |   |  |             |     |  |            |  






|    |                                                                                                                                                                                                   
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Adjustments represent the estimated amounts that would have been
    incurred had we expensed employee stock options and employee
    share purchase rights for fiscal year ended August 31, 2005.
|(2) | Reorganization benefits recorded during the period were
    allocated to the reportable operating groups as follows:                                                                              

|                           |  |                       |     |   |      |   |      |        |  |   |    | 
|-------------------------- |  | --------------------- | --- | - | ---- | - | ---- | ------ |  | - | -- | 
|                           |  | Year Ended August 31, |    
|                           |  |                       |    
|                           |  | 2006                  |     |   | 2005 |   |      | Change | 
|                           |  |                       |     |   |      |   |      |        | 
|                           |  | (in millions)         |    
|Communications & High Tech |  | $                     | (17 | ) |      | $ | (28  | )      |  | $ | 11 | 
|Financial Services         |  |                       | (15 | ) |      |   | (26  | )      |  |   | 11 | 
|Government                 |  |                       | (11 | ) |      |   | (17  | )      |  |   | 6  | 
|Products                   |  |                       | (18 | ) |      |   | (27  | )      |  |   | 9  | 
|Resources                  |  |                       | (11 | ) |      |   | (17  | )      |  |   | 6  | 
|                           |  |                       |     |   |      |   |      |        | 
|Total                      |  | $                     | (72 | ) |      | $ | (115 | )      |  | $ | 43 | 
|                           |  |                       |     |   |      |   |      |        | 

58



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##### 







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

Gain on Investments, Net




Interest Income




Other Expense




Provision for Income Taxes




59



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##### 





Minority Interest






Earnings Per Share




60



---



##### 



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




|                                     |                            |                |        |       |          |   |         |          |        |                  |            |     |    |      |    |     |      |  |     |    |   |  |     |    |   | 
|------------------------------------ | -------------------------- | -------------- | ------ | ----- | -------- | - | ------- | -------- | ------ | ---------------- | ---------- | --- | -- | ---- | -- | --- | ---- |  | --- | -- | - |  | --- | -- | - | 
|                                     |                            |                |        |       |          |   |         |          |        | Percent of Total |           
|                                     |                            |                |        |       |          |   |         |          |        | Revenues         |           
|                                     |                            |                |        |       |          |   |         |          |        | Before           |           
|                                     |                            |                |        |       |          |   |         |          |        | Reimbursements   |           
|                                     |                            |                |        |       |          |   |         | for the  |       
|                                     |                            | Year Ended     |        |       |          |   | Percent |          |        | Year 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                            |                            |                |        |       |          |   |         |          |        |                  |            |     |    |      |    |     |      |  |     |    |   |  |     |   
|                                     | Americas                   |                | $      | 6,730 |          |   | $       | 6,133    |        |                  |            | 10  | %  |      |    | 9   | %    |  |     | 43 | % |  |     | 45 | %
|                                     | EMEA(1)                    |                |        | 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 | % 
|                                     |                            |                |        |       |          |   |         |          |        |                  |            |     |    |      |    |     |      | 
|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 | % 
|                                     |                            |                |        |       |          |   |         |          |        |                  |            |     |    |      |    |     |      | 






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

Revenues






61



---



##### 

















Operating Expenses




62



---



##### 







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







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





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





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





63



---



##### 



Operating Income






|                           |  |                       |       |                |      |   |               |            |  |              |          |   |  |            |     |  |  |   |      |  
|-------------------------- |  | --------------------- | ----- | -------------- | ---- | - | ------------- | ---------- |  | ------------ | -------- | - |  | ---------- | --- |  |  | - | ---- | -
|                           |  | Year Ended August 31, |      
|                           |  |                       |      
|                           |  |                       |       | Effect of      |      |   |              
|                           |  |                       |       | Reorganization |      |   |              
|                           |  |                       |       | Benefits and   |      |   |              
|                           |  |                       |       | Increase       |      |   | Restructuring |            |  | Net Increase |         
|                           |  | 2005                  |       |                | 2004 |   |               | (Decrease) |  |              | Costs(1) |   |  | (Decrease) |    
|                           |  |                       |       |                |      |   |               |            |  |              |          |   |  |            |    
|                           |  | (in millions)         |      
|Communications & High Tech |  | $                     | 673   |                |      | $ | 404           |            |  | $            | 269      |   |  | $          | 28  |  |  | $ | 241  |  
|Financial Services         |  |                       | 500   |                |      |   | 354           |            |  |              | 146      |   |  |            | 27  |  |  |   | 119  |  
|Government                 |  |                       | 169   |                |      |   | 311           |            |  |              | (142     | ) |  |            | 18  |  |  |   | (160 | )
|Products                   |  |                       | 413   |                |      |   | 415           |            |  |              | (2       | ) |  |            | 27  |  |  |   | (29  | )
|Resources                  |  |                       | 356   |                |      |   | 275           |            |  |              | 81       |   |  |            | 18  |  |  |   | 63   |  
|                           |  |                       |       |                |      |   |               |            |  |              |          |   |  |            |    
|Total                      |  | $                     | 2,111 |                |      | $ | 1,759         |            |  | $            | 352      |   |  | $          | 118 |  |  | $ | 234  |  
|                           |  |                       |       |                |      |   |               |            |  |              |          |   |  |            |    






|    |                                                                                                                                                 
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Reorganization benefits and restructuring costs recorded during
    the period were allocated to the reportable operating groups as
    follows:

|                           |  |                       |    |  |      |   |     |        |  |   |     | 
|-------------------------- |  | --------------------- | -- |  | ---- | - | --- | ------ |  | - | --- | 
|                           |  | Year Ended August 31, |   
|                           |  |                       |   
|                           |  | 2005                  |    |  | 2004 |   |     | Change | 
|                           |  |                       |    |  |      |   |     |        | 
|                           |  | (in millions)         |   
|Communications & High Tech |  | $                     | 21 |  |      | $ | (7  | )      |  | $ | 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.

64



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##### 





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




Other (Expense) Income




Provision for Income Taxes




Minority Interest






65



---



##### 





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.





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

Operating activities:


66



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##### 



Investing activities:


Financing activities:




Borrowing Facilities




|                                                                                            |  |               |       | 
|------------------------------------------------------------------------------------------- |  | ------------- | ----- | 
|                                                                                            |  | Facility      |      
|                                                                                            |  | Amount        |      
|                                                                                            |  |               |      
|                                                                                            |  | (in millions) |      
|Syndicated loan facility(1)                                                                 |  | $             | 1,200 | 
|Separate bilateral, uncommitted, unsecured multicurrency
    revolving credit facilities(2) |  |               | 350   | 
|Local guaranteed and non-guaranteed lines of credit(3)                                      |  |               | 136   | 
|                                                                                            |  |               |      
|Total                                                                                       |  | $             | 1,686 | 
|                                                                                            |  |               |      






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | On July 31, 2006, we replaced our $1.5 billion
    syndicated loan facility maturing on June 18, 2009 with a
    $1.2 billion syndicated loan facility maturing on
    July 31, 2011. This new facility provides unsecured,
    revolving borrowing capacity for general working capital
    purposes, including the issuance of letters of credit. Financing
    is provided under this facility at the prime rate or at the
    London Interbank Offered Rate plus a spread. This facility
    requires us to: (1) limit liens placed on our assets to
    (a) liens incurred in the ordinary course of business
    (subject to certain qualifications) and (b) other liens
    securing obligations not to exceed 30% of the Companys
    consolidated assets; and (2) maintain a
    debt-to-cash-flow ratio
    not exceeding 1.75 to 1.00. We continue to be in compliance with
    these terms. As of August 31, 2006, we had no borrowings
    under the facility. The facility is subject to annual commitment
    fees.
|(2) | We maintain three separate bilateral, uncommitted, unsecured
    multicurrency revolving credit facilities. These facilities
    provide local-currency financing for the majority of our
    operations. Interest rate terms on the bilateral revolving
    facilities are at market rates prevailing in the relevant local
    markets. Effective August 31, 2006, we amended two of the
    bilateral credit facilities, which increased total capacity by
    $100 million to $350 million. As of August 31,
    2006 and 2005, we had $2 million and $4 million,
    respectively, of borrowings under these facilities.                                                                                                                                                                                                                                                                                                                                                                                                      
|(3) | We also maintain local guaranteed and non-guaranteed lines of
    credit for those locations that cannot access our global
    facilities. At August 31, 2006, we had no borrowings under
    these various facilities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

67



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##### 







Client Financing




|                                                           |  |                      |     |  |      |   |     | 
|---------------------------------------------------------- |  | -------------------- | --- |  | ---- | - | --- | 
|                                                           |  | August 31,           |    
|                                                           |  |                      |    
|                                                           |  | 2006                 |     |  | 2005 |  
|                                                           |  |                      |     |  |      |  
|                                                           |  | (in millions, except |    
|                                                           |  | number of clients)   |    
|Number of clients                                          |  |                      | 25  |  |      |   | 29  | 
|                                                           |  |                      |     |  |      |  
|Client financing included in Current unbilled services     |  | $                    | 158 |  |      | $ | 262 | 
|Client financing included in Non-current unbilled services |  |                      | 105 |  |      |   | 472 | 
|                                                           |  |                      |     |  |      |  
|Total client financing, current and non-current            |  | $                    | 263 |  |      | $ | 734 | 
|                                                           |  |                      |     |  |      |  



Share Purchases and Redemptions




Open-Market Purchases




68



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Senior Executive Trading Policy and Practices






69



---



##### 





|                                              |  |                   |            |               |                   |   |       |        |               |  |            |  |  |       |        |   |  |   |        |  
|--------------------------------------------- |  | ----------------- | ---------- | ------------- | ----------------- | - | ----- | ------ | ------------- |  | ---------- |  |  | ----- | ------ | - |  | - | ------ | -
|                                              |  | Open-Market Share |            |               | Other Share       |   |       |       
|                                              |  | Purchase Program  |            |               | Purchase Programs |   |       |       
|                                              |  |                   |            |               |                   |   |       |       
|                                              |  | Shares            |            |               | Amount            |   |       | Shares |               |  | Amount     |  |  | Total |       
|                                              |  |                   |            |               |                   |   |       |        |               |  |            |  |  |       |       
|                                              |  |                   |            | (in millions) |                   |   |       |        | (in millions) | 
|Available authorization as of August 31, 2004 |  |                   |            |               |                   | $ | 62    |        |               |  |            |  |  | $     | 224    |   |  | $ | 286    |  
|Purchases and redemptions(1)                  |  |                   | 20,566,470 |               |                   |   | (481  | )      |               |  | 45,147,483 |  |  |       | (1,103 | ) |  |   | (1,584 | )
|Additional authorizations(2)                  |  |                   |            |               |                   |   | 1,000 |        |               |  |            |  |  |       | 2,000  |   |  |   | 3,000  |  
|                                              |  |                   |            |               |                   |   |       |        |               |  |            |  |  |       |       
|Available authorization as of August 31, 2005 |  |                   |            |               |                   |   | 581   |        |               |  |            |  |  |       | 1,121  |   |  |   | 1,702  |  
|Purchases and redemptions(3)                  |  |                   | 3,491,500  |               |                   |   | (103  | )      |               |  | 43,301,787 |  |  |       | (1,179 | ) |  |   | (1,282 | )
|Additional authorizations(4)                  |  |                   |            |               |                   |   | 500   |        |               |  |            |  |  |       | 1,000  |   |  |   | 1,500  |  
|                                              |  |                   |            |               |                   |   |       |        |               |  |            |  |  |       |       
|Available authorization as of August 31, 2006 |  |                   |            |               |                   | $ | 978   |        |               |  |            |  |  | $     | 942    |   |  | $ | 1,920  |  
|                                              |  |                   |            |               |                   |   |       |        |               |  |            |  |  |       |       






|    |                                                                                              
|--- | ---------------------------------------------------------------------------------------------
|(1) | Other Share Purchase Programs include the following purchase
    activity during fiscal 2005:

| |   |                                                                                                                                                                                                                                                
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 44,105,764 Accenture SCA Class I common shares redeemed or
    purchased for a total cash outlay of $1,078 million and 643,325
    Accenture Canada Holdings Inc. exchangeable shares purchased for
    a total cash outlay of $16 million; and
| |  | 398,394 shares purchased through the RSU Sell-Back Program
    for a total cash outlay of $10 million.                                                                                                                                         

|    |                                                                                                                                                                                                                                                                              
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | On October 15, 2004, an additional $1 billion was
    authorized for purchase under the Companys open-market
    share purchase program and an additional $2 billion was
    authorized for redemptions and purchases under the
    Companys other share purchase programs.
|(3) | Other Share Purchase Programs include the following purchase
    activity during fiscal 2006:                                                                                                                                                                                

| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 31,416,894 Accenture SCA Class I common shares redeemed or
    purchased for a total cash outlay of $918 million and 421,194
    Accenture Canada Holdings Inc. exchangeable shares purchased for
    a total cash outlay of $12 million;                                                                                                                                                                                                                                                                                                                   
| |  | 11,231,941 Accenture Ltd Class A common shares purchased
    for an aggregate purchase price of $243 million; and                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |  | 231,758 shares purchased through the RSU Sell-Back Program
    whereby the Company offers to purchase Accenture Ltd
    Class A common shares awarded to employees pursuant to
    restricted share units issued in connection with its initial
    public offering for a total cash outlay of $7 million. The RSU
    Sell-Back Program was terminated, effective March 1, 2006.
    All remaining funding authorizations for the RSU Sell-Back
    Program were reallocated and made available for use in the
    Companys other share purchase programs.

|    |                                                                                                                                                                                                                                                                              
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(4) | On March 24, 2006, an additional $500 million was
    authorized for purchase under the Companys open-market
    share purchase program and an additional $1 billion was
    authorized for redemptions and purchases under the
    Companys other share purchase programs.

Other Redemptions and Purchases






Subsequent Developments






70



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##### 





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               |  | $                      | 50    |  |                  | $ | 23  |           |  | $ | 26        |  |  | $                 | 1   |  |  | $ |      | 
|Operating leases             |  |                        | 2,213 |  |                  |   | 338 |           |  |   | 517       |  |  |                   | 371 |  |  |   | 987   | 
|Retirement obligations(1)    |  |                        | 214   |  |                  |   | 44  |           |  |   | 73        |  |  |                   | 44  |  |  |   | 53    | 
|Other commitments(2)         |  |                        | 534   |  |                  |   | 363 |           |  |   | 119       |  |  |                   | 39  |  |  |   | 13    | 
|                             |  |                        |       |  |                  |   |     |           |  |   |           |  |  |                   |    
|Total                        |  | $                      | 3,011 |  |                  | $ | 768 |           |  | $ | 735       |  |  | $                 | 455 |  |  | $ | 1,053 | 
|                             |  |                        |       |  |                  |   |     |           |  |   |           |  |  |                   |    






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

Off-Balance Sheet Arrangements






71



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##### 



Newly Issued Accounting Standards


Accounting for Uncertainty in Income Taxes-an
interpretation of FASB Statement No. 109


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







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



Foreign Currency Risk






72



---



##### 





Interest Rate Risk




Equity Price Risk









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








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








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



|    |                                                 
|--- | ------------------------------------------------
|(a) | Evaluation of Disclosure Controls and Procedures

10-K, 13a-15(e) 15d-15(e)




|    |                                                                            
|--- | ---------------------------------------------------------------------------
|(b) | Managements Annual 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 our 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 our receipts and expenditures are being
    made only in accordance with the authorization of management
    and/or our Board of Directors; and

73



---



##### 





| |                                                                                                                                                                                                                             
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (iii) provide reasonable assurance regarding the prevention
    or timely detection of any unauthorized acquisition, use or
    disposition of our assets that could have a material effect on
    our financial statements.



10-K.


10-K




|    |                                                     
|--- | ----------------------------------------------------
|(c) | Changes in Internal Control over Financial Reporting








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



74



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##### 






PART III







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

10-K.







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








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








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








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



75



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##### 



PART IV







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





|   |                                                                                                                                                                
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Financial Statements as of August 31, 2006 and
    August 31, 2005 and for the three years ended
    August 31, 2006Included in Part II of this
    Form 10-K:



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



|   |                               
|-- | ------------------------------
|2. | Financial Statement Schedules:



| |     
| | ----
| | None



|   |               
|-- | --------------
|3. | Exhibit Index:

|        |    |    |         |                                                                                                                                                                                                                                                                                 
|------- | -- | -- | ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|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 July 12, 2001).                                                                                                                 
|        | 10 | .4 |         | 2001 Employee Share Purchase Plan (incorporated by reference to
    Exhibit 10.14 to the November 30, 2001 10-Q).                                                                                                                                                               
|        | 10 | .5 |         | 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).                                                                         

76



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##### 



|        |    |     |         |                                                                                                                                                                                                                                                                                                                                                                    
|------- | -- | --- | ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |     |        
|Number  |    |     | Exhibit
|        |    |     |        
|        | 10 | .10 |         | Form of Employment Agreement of Messrs. Campbell, Cole,
    Coughlan, Frerichs, Green, McGrath, Rohleder and Scrivner and
    Ms. Mascolo (incorporated by reference to
    Exhibit 10.10 to the Registrants Registration
    Statement on Form S-1/ A filed on June 8, 2001 (the
    June 8, 2001 S-1/ A)).                                                    
|        | 10 | .11 |         | Form of Employment Agreement of Karl-Heinz Flöther
    (incorporated by reference to Exhibit 10.3 to the
    November 30, 2001 10-Q).                                                                                                                                                                                                                              
|        | 10 | .12 |         | Form of Employment Agreement of Messrs. Foster and Lajtha
    (incorporated by reference to Exhibit 10.8 to the
    November 30, 2001 10-Q).                                                                                                                                                                                                                       
|        | 10 | .13 |         | Form of Employment Agreement of Gianfranco Casati (English
    translation) (filed herewith).                                                                                                                                                                                                                                                                      
|        | 10 | .14 |         | Form of Employment Agreement of Alexander van t Noordende
    (English translation) (filed herewith).                                                                                                                                                                                                                                                             
|        | 10 | .15 |         | Form of Articles of Association of Accenture Canada Holdings
    Inc. (incorporated by reference to Exhibit 10.11 to the
    July 2, 2001 Form S-1/ A).                                                                                                                                                                                                            
|        | 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 99.(d)(13) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on
    September 30, 2003). 
|        | 10 | .22 |         | Form of First Amendment, dated as of May 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 99.(d)(14) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on
    September 30, 2003). 
|        | 10 | .23 |         | Form of Second Amendment, dated as of October 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 99.(d)(15) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on
    April 29, 2004).
|        | 10 | .24 |         | Form of Second Amendment, dated as of October 1, 2003, to
    Transfer Restriction Agreement dated as of October 1, 2002
    among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 99.(d)(16) to Accenture SCAs and Accenture
    International SARLs Schedule TO filed on
    April 29, 2004).
|        | 10 | .25 |         | Form of Ltd Transfer Restriction Agreement for the Accenture
    Family and Charitable Transfer Program dated as of April 1,
    2005 among Accenture Ltd and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 10.3 to the May 31, 2005 10-Q).                                                                      
|        | 10 | .26 |         | Form of SCA Transfer Restriction Agreement for the Accenture
    Family and Charitable Transfer Program dated as of April 1,
    2005 among Accenture SCA and the transferors and transferees
    signatory thereto (incorporated by reference to
    Exhibit 10.2 to the May 31, 2005 10-Q).                                                                      
|        | 10 | .27 |         | Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture Ltd) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture Ltd and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.5 to the May 31, 2005 10-Q).                        

77



---



##### 



|        |    |     |         |                                                                                                                                                                                                                                                                                                                                            
|------- | -- | --- | ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |     |        
|Number  |    |     | Exhibit
|        |    |     |        
|        | 10 | .28 |         | Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture SCA) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture SCA and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.4 to the May 31, 2005 10-Q).
|        | 10 | .29 |         | Form of Restricted Share Unit Agreement for senior executives
    pursuant to the Accenture Ltd 2001 Share Incentive Plan
    (incorporated by reference to Exhibit 4.1 to the
    November 30, 2004 10-Q).                                                                                                                                
|        | 10 | .30 |         | Form of Nonqualified Share Option Agreement for senior
    executives pursuant to the Accenture Ltd 2001 Share
    Incentive Plan (incorporated by reference to Exhibit 4.2 to
    the November 30, 2004 10-Q).                                                                                                                            
|        | 10 | .31 |         | Description of Annual Bonus Plan (incorporated by reference to
    Exhibit 10.1 to the February 28, 2006 10-Q).                                                                                                                                                                                                                            
|        | 21 | .1  |         | Subsidiaries of the Registrant (filed herewith).                                                                                                                                                                                                                                                                                           
|        | 23 | .1  |         | Consent of KPMG LLP (filed herewith).                                                                                                                                                                                                                                                                                                      
|        | 23 | .2  |         | Consent of KPMG LLP related to the Accenture Ltd 2001 Employee
    Share Purchase Plan (filed herewith).                                                                                                                                                                                                                                   
|        | 24 | .1  |         | Power of Attorney (included on the signature page hereto).                                                                                                                                                                                                                                                                                 
|        | 31 | .1  |         | Certification of the Chief Executive Officer, pursuant to
    Rules 13a-14(a) and 15d-14(a), as adopted pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002 (filed
    herewith).                                                                                                                                                
|        | 31 | .2  |         | Certification of the Chief Financial Officer, pursuant to
    Rules 13a-14(a) and 15d-14(a), as adopted pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002 (filed
    herewith).                                                                                                                                                
|        | 32 | .1  |         | Certification of the Chief Executive Officer pursuant to 18
    U.S.C Section 1350, as adopted pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                                                                                             
|        | 32 | .2  |         | Certification of the Chief Financial Officer pursuant to
    18 U.S.C. Section 1350, as adopted pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002 (filed
    herewith).                                                                                                                                                        
|        | 99 | .1  |         | Accenture Ltd 2001 Employee Share Purchase Plan Financial
    Statements (filed herewith).                                                                                                                                                                                                                                                 

78



---



##### 






SIGNATURES






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



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

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

POWER OF ATTORNEY


attorneys-in 10-K




|                                           |  |                                                                                                   |  | 
|------------------------------------------ |  | ------------------------------------------------------------------------------------------------- |  | 
|Signature                                  |  | Title                                                                                            
|                                           |  |                                                                                                  
|                                          
|/s/ William D. GreenWilliam D. Green       |  | Chief Executive Officer,
    Chairman of the Board and Director
    (principal executive officer)
|                                          
|/s/ Dina DublonDina Dublon                 |  | Director                                                                                         
|                                          
|/s/ Dennis F. HightowerDennis F. Hightower |  | Director                                                                                         
|                                          
|/s/ Nobuyuki IdeiNobuyuki Idei             |  | Director                                                                                         



---



##### 



|                                                   |  |                                                                                |  | 
|-------------------------------------------------- |  | ------------------------------------------------------------------------------ |  | 
|Signature                                          |  | Title                                                                         
|                                                   |  |                                                                               
|                                                  
|/s/ William L. KimseyWilliam L. Kimsey             |  | Director                                                                      
|                                                  
|/s/ Robert I. LippRobert I. Lipp                   |  | Director                                                                      
|                                                  
|/s/ Marjorie MagnerMarjorie Magner                 |  | Director                                                                      
|                                                  
|/s/ Blythe J. McgarvieBlythe J. McGarvie           |  | Director                                                                      
|                                                  
|/s/ Sir Mark Moody
    StuartSir Mark Moody Stuart |  | Director                                                                      
|                                                  
|/s/ Wulf Von
    SchimmelmannWulf von Schimmelmann |  | Director                                                                      
|                                                  
|/s/ 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, 2006 and
    2005 and for the three years ended August 31, 2006: |                                                                           |      |     |    
|                                                                                                                    | 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, 2006 and 2005


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


|                                           |                                                                                                                                                                                                                       |                               |           |           |           |   |           |           |           | 
|------------------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | --------- | --------- | --------- | - | --------- | --------- | --------- | 
|                                           |                                                                                                                                                                                                                       | 2006                          |           |           | 2005      |  
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|ASSETS                                    
|CURRENT ASSETS:                            |                                                                                                                                                                                                                       |                               |           |           |           |   |           |          
|                                           | Cash and cash equivalents                                                                                                                                                                                             |                               | $         | 3,066,988 |           |   | $         | 2,483,990 |          
|                                           | Short-term investments                                                                                                                                                                                                |                               |           | 352,951   |           |   |           | 463,460   |          
|                                           | Receivables from clients, net of allowances of $48,069 and
    $40,821                                                                                                                                                |                               |           | 1,916,450 |           |   |           | 1,752,937 |          
|                                           | Unbilled services                                                                                                                                                                                                     |                               |           | 1,350,211 |           |   |           | 1,353,676 |          
|                                           | Deferred income taxes, net                                                                                                                                                                                            |                               |           | 187,720   |           |   |           | 121,386   |          
|                                           | Other current assets                                                                                                                                                                                                  |                               |           | 479,501   |           |   |           | 509,818   |          
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|                                           |                                                                                                                                                                                                                       | Total current assets          |           |           | 7,353,821 |   |           |           | 6,685,267 | 
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|NON-CURRENT ASSETS:                        |                                                                                                                                                                                                                       |                               |           |           |           |   |           |          
|                                           | Unbilled services                                                                                                                                                                                                     |                               |           | 105,081   |           |   |           | 472,430   |          
|                                           | Investments                                                                                                                                                                                                           |                               |           | 125,119   |           |   |           | 262,873   |          
|                                           | Property and equipment, net of accumulated depreciation of
    $1,359,978 and $1,268,658                                                                                                                              |                               |           | 727,692   |           |   |           | 693,710   |          
|                                           | Goodwill                                                                                                                                                                                                              |                               |           | 527,648   |           |   |           | 378,488   |          
|                                           | Deferred income taxes, net                                                                                                                                                                                            |                               |           | 392,211   |           |   |           | 291,033   |          
|                                           | Other non-current assets                                                                                                                                                                                              |                               |           | 186,508   |           |   |           | 173,551   |          
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|                                           |                                                                                                                                                                                                                       | Total non-current assets      |           |           | 2,064,259 |   |           |           | 2,272,085 | 
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|TOTAL ASSETS                               |                                                                                                                                                                                                                       | $                             | 9,418,080 |           |           | $ | 8,957,352 |          
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|                                          
|LIABILITIES AND SHAREHOLDERS EQUITY      
|CURRENT LIABILITIES:                       |                                                                                                                                                                                                                       |                               |           |           |           |   |           |          
|                                           | Short-term bank borrowings                                                                                                                                                                                            |                               | $         | 2,218     |           |   | $         | 13,681    |          
|                                           | Current portion of long-term debt                                                                                                                                                                                     |                               |           | 22,574    |           |   |           | 17,391    |          
|                                           | Accounts payable                                                                                                                                                                                                      |                               |           | 856,087   |           |   |           | 807,317   |          
|                                           | Deferred revenues                                                                                                                                                                                                     |                               |           | 1,511,259 |           |   |           | 1,284,303 |          
|                                           | Accrued payroll and related benefits                                                                                                                                                                                  |                               |           | 1,693,796 |           |   |           | 1,430,998 |          
|                                           | Income taxes payable                                                                                                                                                                                                  |                               |           | 722,096   |           |   |           | 831,399   |          
|                                           | Deferred income taxes, net                                                                                                                                                                                            |                               |           | 49,870    |           |   |           | 42,609    |          
|                                           | Other accrued liabilities                                                                                                                                                                                             |                               |           | 958,582   |           |   |           | 503,435   |          
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|                                           |                                                                                                                                                                                                                       | Total current liabilities     |           |           | 5,816,482 |   |           |           | 4,931,133 | 
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|NON-CURRENT LIABILITIES:                   |                                                                                                                                                                                                                       |                               |           |           |           |   |           |          
|                                           | Long-term debt                                                                                                                                                                                                        |                               |           | 27,065    |           |   |           | 44,116    |          
|                                           | Retirement obligation                                                                                                                                                                                                 |                               |           | 492,555   |           |   |           | 753,558   |          
|                                           | Deferred income taxes, net                                                                                                                                                                                            |                               |           | 16,880    |           |   |           | 5,621     |          
|                                           | Other non-current liabilities                                                                                                                                                                                         |                               |           | 302,965   |           |   |           | 545,051   |          
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|                                           |                                                                                                                                                                                                                       | Total non-current liabilities |           |           | 839,465   |   |           |           | 1,348,346 | 
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|COMMITMENTS AND CONTINGENCIES              |                                                                                                                                                                                                                       |                               |           |           |           |   |           |          
|MINORITY INTEREST                          |                                                                                                                                                                                                                       |                               | 867,878   |           |           |   | 980,959   |          
|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, 617,565,722 and
    602,705,936 shares issued as of August 31, 2006 and
    August 31, 2005, respectively                |                               |           | 14        |           |   |           | 13        |          
|                                           | Class X common shares, par value $0.0000225 per share,
    1,000,000,000 shares authorized, 245,006,562 and
    321,088,062 shares issued and outstanding as of
    August 31, 2006 and August 31, 2005, respectively |                               |           | 6         |           |   |           | 7         |          
|                                           | Restricted share units                                                                                                                                                                                                |                               |           | 482,289   |           |   |           | 365,708   |          
|                                           | Additional paid-in capital                                                                                                                                                                                            |                               |           | 701,006   |           |   |           | 1,365,013 |          
|                                           | Treasury shares, at cost, 36,990,533 and 32,265,976 shares
    as of August 31, 2006 and August 31, 2005, respectively                                                                                                |                               |           | (869,957  | )         |   |           | (763,682  | )        
|                                           | Retained earnings                                                                                                                                                                                                     |                               |           | 1,607,391 |           |   |           | 962,339   |          
|                                           | Accumulated other comprehensive loss                                                                                                                                                                                  |                               |           | (26,494   | )         |   |           | (232,484  | )        
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|                                           |                                                                                                                                                                                                                       | Total shareholders equity    |           |           | 1,894,255 |   |           |           | 1,696,914 | 
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  
|TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |                                                                                                                                                                                                                       | $                             | 9,418,080 |           |           | $ | 8,957,352 |          
|                                           |                                                                                                                                                                                                                       |                               |           |           |           |  



F-4



---



##### 



ACCENTURE LTD





CONSOLIDATED INCOME STATEMENTS


For the Years Ended August 31, 2006, 2005 and 2004


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


|                                                                          |                                                   |                                               |             |            |            |   |             |            |            |   |               |            |            | 
|------------------------------------------------------------------------- | ------------------------------------------------- | --------------------------------------------- | ----------- | ---------- | ---------- | - | ----------- | ---------- | ---------- | - | ------------- | ---------- | ---------- | 
|                                                                          |                                                   | 2006                                          |             |            | 2005       |   |             | 2004       |           
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|REVENUES:                                                                 |                                                   |                                               |             |            |            |   |             |            |            |   |               |           
|                                                                          | Revenues before reimbursements                    |                                               | $           | 16,646,391 |            |   | $           | 15,547,029 |            |   | $             | 13,673,563 |           
|                                                                          | Reimbursements                                    |                                               |             | 1,581,975  |            |   |             | 1,547,391  |            |   |               | 1,440,019  |           
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|                                                                          |                                                   | Revenues                                      |             |            | 18,228,366 |   |             |            | 17,094,420 |   |               |            | 15,113,582 | 
|OPERATING EXPENSES:                                                       |                                                   |                                               |             |            |            |   |             |            |            |   |               |           
|                                                                          | Cost of services:                                 |                                               |             |            |            |   |             |            |            |   |               |            |           
|                                                                          |                                                   | Cost of services before reimbursable expenses |             |            | 11,652,352 |   |             |            | 10,454,830 |   |               |            | 9,057,246  | 
|                                                                          |                                                   | Reimbursable expenses                         |             |            | 1,581,975  |   |             |            | 1,547,391  |   |               |            | 1,440,019  | 
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|                                                                          |                                                   | Cost of services                              |             |            | 13,234,327 |   |             |            | 12,002,221 |   |               |            | 10,497,265 | 
|                                                                          | Sales and marketing                               |                                               |             | 1,708,256  |            |   |             | 1,558,266  |            |   |               | 1,488,333  |           
|                                                                          | General and administrative costs                  |                                               |             | 1,492,690  |            |   |             | 1,511,952  |            |   |               | 1,340,467  |           
|                                                                          | Reorganization and restructuring (benefits) costs |                                               |             | (47,966    | )          |   |             | (89,257    | )          |   |               | 28,891     |           
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|                                                                          |                                                   | Total operating expenses                      |             |            | 16,387,307 |   |             |            | 14,983,182 |   |               |            | 13,354,956 | 
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|OPERATING INCOME                                                          |                                                   |                                               | 1,841,059   |            |            |   | 2,111,238   |            |            |   | 1,758,626     |           
|Gain on investments, net                                                  |                                                   |                                               | 2,018       |            |            |   | 21,468      |            |            |   | 3,397         |           
|Interest income                                                           |                                                   |                                               | 129,547     |            |            |   | 108,236     |            |            |   | 59,939        |           
|Interest expense                                                          |                                                   |                                               | (21,146     | )          |            |   | (23,973     | )          |            |   | (22,044       | )         
|Other (expense) income                                                    |                                                   |                                               | (27,811     | )          |            |   | (10,967     | )          |            |   | 160           |           
|Equity in losses of affiliates                                            |                                                   |                                               |            |            |            |   |            |            |            |   | (1,508        | )         
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|INCOME BEFORE INCOME TAXES                                                |                                                   |                                               | 1,923,667   |            |            |   | 2,206,002   |            |            |   | 1,798,570     |           
|Provision for income taxes                                                |                                                   |                                               | 490,535     |            |            |   | 697,097     |            |            |   | 575,543       |           
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|INCOME BEFORE MINORITY INTEREST                                           |                                                   |                                               | 1,433,132   |            |            |   | 1,508,905   |            |            |   | 1,223,027     |           
|Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc. |                                                   |                                               | (447,382    | )          |            |   | (556,485    | )          |            |   | (529,672      | )         
|Minority interestother                                                   |                                                   |                                               | (12,421     | )          |            |   | (11,946     | )          |            |   | (2,527        | )         
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|NET INCOME                                                                |                                                   | $                                             | 973,329     |            |            | $ | 940,474     |            |            | $ | 690,828       |           
|                                                                          |                                                   |                                               |             |            |            |   |             |            |           
|Weighted average Class A common shares:                                   |                                                   |                                               |             |            |            |   |             |            |            |   |               |           
|Basic                                                                     |                                                   |                                               | 589,099,824 |            |            |   | 588,505,335 |            |            |   | 553,298,104   |           
|Diluted                                                                   |                                                   |                                               | 893,810,585 |            |            |   | 960,853,814 |            |            |   | 1,003,081,228 |           
|Earnings per Class A common share:                                        |                                                   |                                               |             |            |            |   |             |            |            |   |               |           
|Basic                                                                     |                                                   | $                                             | 1.65        |            |            | $ | 1.60        |            |            | $ | 1.25          |           
|Diluted                                                                   |                                                   | $                                             | 1.59        |            |            | $ | 1.56        |            |            | $ | 1.22          |           
|Cash dividends per share                                                  |                                                   | $                                             | 0.30        |            |            | $ |            |            |            | $ |              |           



F-5



---



##### 





ACCENTURE LTD





CONSOLIDATED SHAREHOLDERS EQUITY AND COMPREHENSIVE
INCOME STATEMENTS


For the Years Ended August 31, 2006, 2005 and 2004


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


|                                                                                                                        |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          |         |  |        |          |        |         |        |            |           |         |        | 
|----------------------------------------------------------------------------------------------------------------------- | ------------------------------------ | ----------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------- | ------------- |  | --- | ------------- | - |  | - | ------- | ---------- | ------ | ---------- | -- | ----------- | ------- | -------- | ----------- | - | ----- | --- | ------- | -------- | -------- | - | ---------- | ------------- |  | - | ------------- | ------- |  | ----- | ------- | ------ |  | - | -------- | ------- |  | ------ | -------- | ------ | ------- | ------ | ---------- | --------- | ------- | ------ | 
|                                                                                                                        |                                      |                                                                                     |                                                                                    | Class A       |  |     | Class X       |   |  |   |         |            |        | Treasury   |    |             |         |          |             |   |      
|                                                                                                                        |                                      |                                                                                     |                                                                                    | Common Shares |  |     | Common Shares |   |  |   |         |            |        | Shares     |    |             |         |          | Accumulated |   |       |    
|                                                                                                                        |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         | Additional |        |            |    |             |         | Retained |             |   | Other |     |         |         
|                                                                                                                        |                                      | Preferred                                                                           |                                                                                    |               |  | No. |               |   |  |   | No.     |            |        | Restricted |    |             | Paid-In |          |             |   |       | No. |         |          | Earnings |   |            | Comprehensive |  |   |              
|                                                                                                                        |                                      | Shares                                                                              |                                                                                    | $             |  |     | Shares        |   |  | $ |         |            | Shares |            |    | Share Units |         |          | Capital     |   |       | $   |         |          | Shares   |   |            | (Deficit)     |  |   | Income (Loss) |         |  | Total |        
|                                                                                                                        |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |        
|Balance as of August 31, 2003                                                                                           |                                      | $                                                                                   |                                                                                   |               |  | $   | 10            |   |  |   | 458,629 |            |        | $          | 11 |             |         |          | 508,723     |   |       | $   | 557,609 |          |          | $ | 1,501,136  |               |  | $ | (397,076      | )       |  |       | (23,311 | )      |  | $ | (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, net of tax                                   |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          |         |  | (4,350 | )        |        |         | 28,576 |            |           |         | 24,226 | 
|                                                                                                                        |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |       
|                                                                                                                        | Other comprehensive income           |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          |         |  |        |          | 74,473 |         |        |            |           |        
|                                                                                                                        |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |       
|Comprehensive income                                                                                                    |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          |         |  |        |          |        |         |        | 760,951    |          
|Income tax benefit on:                                                                                                  |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          |         |  |        |          |        |         |        |            |          
|                                                                                                                        | Share-based compensation plans       |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            | 30,235        |  |   |               |         |  |       |         |        |  |   |          |         |  |        |          |        |         |        |            | 30,235    |        
|                                                                                                                        | Contract termination                 |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          | 2,073   |  |        |          |        |         |        |            | 2,073     |        
|Purchases of Class A common shares                                                                                      |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   | (3,157  | )          |        |            |    |             |         |          |             |   |       |     |         |          |          |   | (79,491    | )             |  |   | (305,236      | )       |  |       | (12,494 | )      |  |   |          |         |  |        |          |        |         |        | (384,727   | )        
|Share-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 | )        
|Issuances of Class A common shares:                                                                                     |                                      |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |          |          |   |            |               |  |   |               |         |  |       |         |        |  |   |          |         |  |        |          |        |         |        |            |          
|                                                                                                                        | Employee share programs              |                                                                                     |                                                                                    |               |  |     |               |   |  |   |         | 23,069     |        |            |    |             |         |          |             |   |       |     |         | (292,580 | )        |   |            | 325,382       |  |   |               | 273,105 |  |       |         | 16,587 |  |   |          |         |  |        |          |        |         |        |            | 305,907   |        
|                                                                                                                        | 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 as of August 31, 2004                                                                                           |                                      | $                                                                                   |                                                                                   |               |  | $   | 13            |   |  |   | 591,497 |            |        | $          | 9  |             |         |          | 365,325     |   |       | $   | 324,463 |          |          | $ | 1,643,652  |               |  | $ | (429,207      | )       |  |       | (19,218 | )      |  | $ | 46,636   |         |  | $      | (113,760 | )      |         | $      | 1,471,806  |          
|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 | )     

F-6



---



##### 





|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   |            |         |         |  
|----------------------------------------------------------------------------------------------------------------------- | ----------------------------------- | ----------------------------------------------------------------------------------- | - | ------------- |  | --- | ------------- |  |  | - | ------- | ---------- | ------ | ---------- | -- | ----------- | ------- | -------- | ----------- | - | ----- | --- | ------- | - | -------- | - | ---------- | ------------- |  | - | ------------- | - |  | ----- | ------- | - |  | - | --------- | ------- |  | - | -------- | -------- | ------- | - | ---------- | ------- | ------- | -
|                                                                                                                        |                                     |                                                                                     |   | Class A       |  |     | Class X       |  |  |   |         |            |        | Treasury   |    |             |         |          |             |   |      
|                                                                                                                        |                                     |                                                                                     |   | Common Shares |  |     | Common Shares |  |  |   |         |            |        | Shares     |    |             |         |          | Accumulated |   |       |    
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         | Additional |        |            |    |             |         | Retained |             |   | Other |     |         |  
|                                                                                                                        |                                     | Preferred                                                                           |   |               |  | No. |               |  |  |   | No.     |            |        | Restricted |    |             | Paid-In |          |             |   |       | No. |         |   | Earnings |   |            | Comprehensive |  |   |              
|                                                                                                                        |                                     | Shares                                                                              |   | $             |  |     | Shares        |  |  | $ |         |            | Shares |            |    | Share Units |         |          | Capital     |   |       | $   |         |   | Shares   |   |            | (Deficit)     |  |   | Income (Loss) |   |  | Total |        
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |        
|                                                                                                                        |                                     | Minimum pension liability adjustment, net of tax                                    |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          | (95,697 | ) |            |         | (95,697 | )
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  
|                                                                                                                        | Other comprehensive loss            |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          | (118,724 | )       |   |            |         |        
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  
|Comprehensive income                                                                                                    |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | 821,750    |        
|Income tax benefit on:                                                                                                  |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   |            |        
|                                                                                                                        | Share-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    | )             |  |   | (503,088      | ) |  |       | (21,497 | ) |  |   |           |         |  |   |          |          |         |   | (516,374   | )      
|Share-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 | )      
|Issuances of Class A common shares related to employee
    share programs                                               |                                     |                                                                                     |   |               |  |     |               |  |  |   | 11,771  |            |        |            |    |             |         |          |             |   |       |     | (46,395 | ) |          |   | 197,967    |               |  |   | 168,613       |   |  |       | 8,449   |   |  |   | (24,905   | )       |  |   |          |          |         |   | 295,280    |        
|Transaction fees                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   | 3,427      |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | 3,427      |        
|Minority interest                                                                                                       |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   | 543,329    |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | 543,329    |        
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  
|Balance as of August 31, 2005                                                                                           |                                     | $                                                                                   |  |               |  | $   | 13            |  |  |   | 602,706 |            |        | $          | 7  |             |         |          | 321,088     |   |       | $   | 365,708 |   |          | $ | 1,365,013  |               |  | $ | (763,682      | ) |  |       | (32,266 | ) |  | $ | 962,339   |         |  | $ | (232,484 | )        |         | $ | 1,696,914  |        
|Comprehensive income:                                                                                                   |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   |            |        
|                                                                                                                        | Net income                          |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           | 973,329 |  |   |          |          |         |   |            | 973,329 |        
|                                                                                                                        | Other comprehensive income:         |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   |            |         |        
|                                                                                                                        |                                     | Unrealized losses on marketable securities, net of
    reclassification adjustments |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          | (1,260  | ) |            |         | (1,260  | )
|                                                                                                                        |                                     | Foreign currency translation adjustments                                            |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          | 52,423  |   |            |         | 52,423  |  
|                                                                                                                        |                                     | Minimum pension liability adjustment, net of tax                                    |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          | 154,827 |   |            |         | 154,827 |  
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  
|                                                                                                                        | Other comprehensive income          |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          | 205,990  |         |   |            |         |        
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  
|Comprehensive income                                                                                                    |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | 1,179,319  |        
|Income tax benefit on:                                                                                                  |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   |            |        
|                                                                                                                        | Share-based compensation plans      |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            | 100,508       |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   |            | 100,508 |        
|                                                                                                                        | Contract termination                |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   |           | 497     |  |   |          |          |         |   |            | 497     |        
|Purchases of Class A common shares                                                                                      |                                     |                                                                                     |   |               |  |     |               |  |  |   | (581    | )          |        |            |    |             |         |          |             |   |       |     |         |   |          |   | (16,192    | )             |  |   | (366,481      | ) |  |       | (15,470 | ) |  |   |           |         |  |   |          |          |         |   | (382,673   | )      
|Share-based compensation expense                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     | 152,158 |   |          |   | 112,952    |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | 265,110    |        
|Purchases/redemptions of Accenture SCA Class I common
    shares and Accenture Canada Holdings Inc. exchangeable shares |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            | (1 | )           |         |          | (76,081     | ) |       |     |         |   |          |   | (1,704,353 | )             |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | (1,704,354 | )      
|Issuances of Class A common shares related to employee
    share programs                                               |                                     |                                                                                     |   |               |  |     | 1             |  |  |   | 15,441  |            |        |            |    |             |         |          |             |   |       |     | (49,141 | ) |          |   | 273,089    |               |  |   | 260,206       |   |  |       | 10,745  |   |  |   | (47,237   | )       |  |   |          |          |         |   | 436,918    |        
|Dividends                                                                                                               |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     | 13,564  |   |          |   |            |               |  |   |               |   |  |       |         |   |  |   | (281,537  | )       |  |   |          |          |         |   | (267,973   | )      
|Minority interest                                                                                                       |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   | 569,989    |               |  |   |               |   |  |       |         |   |  |   |           |         |  |   |          |          |         |   | 569,989    |        
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  
|Balance as of August 31, 2006                                                                                           |                                     | $                                                                                   |  |               |  | $   | 14            |  |  |   | 617,566 |            |        | $          | 6  |             |         |          | 245,007     |   |       | $   | 482,289 |   |          | $ | 701,006    |               |  | $ | (869,957      | ) |  |       | (36,991 | ) |  | $ | 1,607,391 |         |  | $ | (26,494  | )        |         | $ | 1,894,255  |        
|                                                                                                                        |                                     |                                                                                     |   |               |  |     |               |  |  |   |         |            |        |            |    |             |         |          |             |   |       |     |         |   |          |   |            |               |  |   |               |   |  |       |         |  



F-7



---



##### 



ACCENTURE LTD





CONSOLIDATED CASH FLOWS STATEMENTS


For the Years Ended August 31, 2006, 2005 and 2004


(In thousands of U.S. dollars)


|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |            |         |            |   |            |         |           |  
|---------------------------------------------------- | ------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------ | ------------------------------------------------------------------------------ | ------------------------------------------ | ---------- | -------- | ---------- | ---- | ---------- | ------- | ---------- | - | ---------- | ------- | --------- | -
|                                                     |                                                                                       | 2006                                                                           |                                                                                |                                            | 2005       |          |            | 2004 |           
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|CASH FLOWS FROM OPERATING ACTIVITIES:                |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |            |         |            |  
|                                                     |                                                                                       | Net income                                                                     |                                                                                | $                                          | 973,329    |          |            | $    | 940,474    |         |            | $ | 690,828    |        
|                                                     | Adjustments to reconcile Net income to Net cash provided by
    operating activities |                                                                                |                                                                                |                                            |            |          |            |      |            |         |            |   |           
|                                                     |                                                                                       |                                                                                | Depreciation and amortization (including amortization of
    deferred charges) |                                            |            | 320,610  |            |      |            | 282,073 |            |   |            | 257,080 |          
|                                                     |                                                                                       |                                                                                | Reorganization benefits, net                                                   |                                            |            | (47,966  | )          |      |            | (89,257 | )          |   |            | (78,365 | )        
|                                                     |                                                                                       |                                                                                | Gains on investments, net                                                      |                                            |            | (2,018   | )          |      |            | (21,468 | )          |   |            | (3,397  | )        
|                                                     |                                                                                       |                                                                                | Losses on disposal of property and equipment, net                              |                                            |            | 1,201    |            |      |            | 6,254   |            |   |            | 8,596   |          
|                                                     |                                                                                       |                                                                                | Losses on impairment of property and equipment                                 |                                            |            | 31,337   |            |      |            |        |            |   |            |        |          
|                                                     |                                                                                       |                                                                                | Share-based compensation expense                                               |                                            |            | 270,884  |            |      |            | 88,341  |            |   |            | 60,486  |          
|                                                     |                                                                                       |                                                                                | Deferred income taxes, net                                                     |                                            |            | (223,637 | )          |      |            | 63,139  |            |   |            | 92,864  |          
|                                                     |                                                                                       |                                                                                | Minority interest                                                              |                                            |            | 459,803  |            |      |            | 568,431 |            |   |            | 532,199 |          
|                                                     |                                                                                       |                                                                                | Other, net                                                                     |                                            |            | (346     | )          |      |            | 2,104   |            |   |            | (121    | )        
|                                                     |                                                                                       |                                                                                | Change in assets and liabilities, net of acquisitions                         |                                            |            |          |            |      |            |         |            |   |            |         |          
|                                                     |                                                                                       |                                                                                |                                                                                | Receivables from clients, net              |            |          | (90,458    | )    |            |         | (59,460    | ) |            |         | (182,998  | )
|                                                     |                                                                                       |                                                                                |                                                                                | Other current assets                       |            |          | 35,755     |      |            |         | 12,399     |   |            |         | (208,802  | )
|                                                     |                                                                                       |                                                                                |                                                                                | Unbilled services, current and non-current |            |          | 400,142    |      |            |         | (596,984   | ) |            |         | (222,428  | )
|                                                     |                                                                                       |                                                                                |                                                                                | Other non-current assets                   |            |          | (12,655    | )    |            |         | (24,853    | ) |            |         | (84,703   | )
|                                                     |                                                                                       |                                                                                |                                                                                | Accounts payable                           |            |          | 48,157     |      |            |         | 270,499    |   |            |         | (65,486   | )
|                                                     |                                                                                       |                                                                                |                                                                                | Deferred revenues                          |            |          | 130,504    |      |            |         | 334,121    |   |            |         | 275,371   |  
|                                                     |                                                                                       |                                                                                |                                                                                | Accrued payroll and related benefits       |            |          | 228,688    |      |            |         | (60,147    | ) |            |         | 498,293   |  
|                                                     |                                                                                       |                                                                                |                                                                                | Income taxes payable                       |            |          | (68,961    | )    |            |         | 115,950    |   |            |         | 143,229   |  
|                                                     |                                                                                       |                                                                                |                                                                                | Other accrued liabilities                  |            |          | 233,961    |      |            |         | 29,714     |   |            |         | 162,675   |  
|                                                     |                                                                                       |                                                                                |                                                                                | Other non-current liabilities              |            |          | (20,341    | )    |            |         | 25,751     |   |            |         | (119,372  | )
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|                                                     |                                                                                       |                                                                                |                                                                                | Net cash provided by operating activities  |            |          | 2,667,989  |      |            |         | 1,887,081  |   |            |         | 1,755,949 |  
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|CASH FLOWS FROM INVESTING ACTIVITIES:                |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |            |         |            |  
|                                                     |                                                                                       | Proceeds from maturities and sales of available-for-sale
    investments       |                                                                                |                                            | 657,629    |          |            |      | 944,484    |         |            |   | 421,003    |        
|                                                     |                                                                                       | Purchases of available-for-sale investments                                    |                                                                                |                                            | (401,181   | )        |            |      | (1,019,317 | )       |            |   | (1,014,998 | )      
|                                                     |                                                                                       | Proceeds from sales of property and equipment                                  |                                                                                |                                            | 13,951     |          |            |      | 6,318      |         |            |   | 11,026     |        
|                                                     |                                                                                       | Purchases of property and equipment                                            |                                                                                |                                            | (306,174   | )        |            |      | (317,772   | )       |            |   | (281,986   | )      
|                                                     |                                                                                       | Purchases of businesses and investments, net of cash acquired                  |                                                                                |                                            | (220,985   | )        |            |      | (188,469   | )       |            |   | (31,662    | )      
|                                                     |                                                                                       | Other, net                                                                     |                                                                                |                                            | 4,260      |          |            |      |           |         |            |   |           |        
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|                                                     |                                                                                       |                                                                                |                                                                                | Net cash used in investing activities      |            |          | (252,500   | )    |            |         | (574,756   | ) |            |         | (896,617  | )
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|CASH FLOWS FROM FINANCING ACTIVITIES:                |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |            |         |            |  
|                                                     |                                                                                       | Payment of retirement benefits to former pre-incorporation
    partners        |                                                                                |                                            | (32,671    | )        |            |      | (38,453    | )       |            |   | (30,606    | )      
|                                                     |                                                                                       | Proceeds from issuance of common shares                                        |                                                                                |                                            | 436,918    |          |            |      | 298,707    |         |            |   | 2,741,474  |        
|                                                     |                                                                                       | Purchases of common shares                                                     |                                                                                |                                            | (2,087,027 | )        |            |      | (1,625,097 | )       |            |   | (3,459,934 | )      
|                                                     |                                                                                       | Proceeds from long-term debt                                                   |                                                                                |                                            | 29,742     |          |            |      | 6,061      |         |            |   | 799        |        
|                                                     |                                                                                       | Repayments of long-term debt                                                   |                                                                                |                                            | (36,056    | )        |            |      | (9,467     | )       |            |   | (4,058     | )      
|                                                     |                                                                                       | Proceeds from short-term borrowings                                            |                                                                                |                                            | 40,269     |          |            |      | 61,834     |         |            |   | 96,851     |        
|                                                     |                                                                                       | Repayments of short-term borrowings                                            |                                                                                |                                            | (52,657    | )        |            |      | (71,043    | )       |            |   | (115,491   | )      
|                                                     |                                                                                       | Decrease in restricted cash of Accenture Share Employee
    Compensation Trust |                                                                                |                                            |           |          |            |      |           |         |            |   | 83,280     |        
|                                                     |                                                                                       | Cash dividends paid                                                            |                                                                                |                                            | (267,973   | )        |            |      |           |         |            |   |           |        
|                                                     |                                                                                       | Excess tax benefits from share-based payment arrangements                      |                                                                                |                                            | 42,832     |          |            |      |           |         |            |   |           |        
|                                                     |                                                                                       | Other, net                                                                     |                                                                                |                                            | (7,844     | )        |            |      |           |         |            |   |           |        
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|                                                     |                                                                                       |                                                                                |                                                                                | Net cash used in financing activities      |            |          | (1,934,467 | )    |            |         | (1,377,458 | ) |            |         | (687,685  | )
|                                                     |                                                                                       | Effect of exchange rate changes on cash and cash equivalents                   |                                                                                |                                            | 101,976    |          |            |      | (3,835     | )       |            |   | 49,150     |        
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |                                                                                       |                                                                                | 582,998                                                                        |                                            |            |          | (68,968    | )    |            |         | 220,797    |  
|CASH AND CASH EQUIVALENTS,beginning of period        |                                                                                       |                                                                                | 2,483,990                                                                      |                                            |            |          | 2,552,958  |      |            |         | 2,332,161  |  
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|CASH AND CASH EQUIVALENTS,end of period              |                                                                                       | $                                                                              | 3,066,988                                                                      |                                            |            | $        | 2,483,990  |      |            | $       | 2,552,958  |  
|                                                     |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |           
|Supplemental cash flow information                   |                                                                                       |                                                                                |                                                                                |                                            |            |          |            |      |            |         |            |  
|                                                     |                                                                                       | Interest paid                                                                  |                                                                                | $                                          | 20,837     |          |            | $    | 23,597     |         |            | $ | 21,970     |        
|                                                     |                                                                                       | Income taxes paid                                                              |                                                                                | $                                          | 768,313    |          |            | $    | 573,026    |         |            | $ | 387,450    |        



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




end-to




Principles of Consolidation






Revenue Recognition


percentage-of Accounting for
Performance of Construction-Type and


F-9



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Certain Production-Type Contracts Percentage-of percentage-of


Revenue
Recognition in Financial Statements Revenue Recognition




F-10



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


set-up set-up set-up


00-21, Accounting for Revenue Arrangements with Multiple
Deliverables,




out-of


Operating Expenses




|                                             |  |                       |         |  |      |   |         |      |  |   |         |  
|-------------------------------------------- |  | --------------------- | ------- |  | ---- | - | ------- | ---- |  | - | ------- | -
|                                             |  | Year Ended August 31, |        
|                                             |  |                       |        
|                                             |  | 2006                  |         |  | 2005 |   |         | 2004 | 
|                                             |  |                       |         |  |      |   |         |      | 
|Training costs                               |  | $                     | 680,662 |  |      | $ | 546,248 |      |  | $ | 401,266 |  
|Research and development costs               |  |                       | 298,354 |  |      |   | 243,449 |      |  |   | 271,943 |  
|Advertising costs                            |  |                       | 68,810  |  |      |   | 65,902  |      |  |   | 61,932  |  
|Provision for (release of) doubtful accounts |  |                       | 9,389   |  |      |   | (3,849  | )    |  |   | (641    | )

F-11



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Translation of
Non-U.S.Currency
Amounts


non-U.S.




Cash and Cash Equivalents




Client Receivables, Client Financing and Allowance for
Doubtful Accounts




Investments




F-12



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Foreign Exchange Instruments


Accounting for Derivative Instruments and
Hedging Activities


Property and Equipment




|                                          |  |                                 
|----------------------------------------- |  | --------------------------------
|Buildings                                 |  | 20 to 25 years                  
|Computers, related equipment and software |  | 2 to 7 years                    
|Furniture and fixtures                    |  | 5 to 10 years                   
|Leasehold improvements                    |  | Lesser of lease term or 15 years

Long-Lived Assets




Employee Share-Based Compensation Awards


Share-Based Payment Accounting for Stock-Based Compensation


F-13



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Accounting for Stock Issued to
Employees


Use of Estimates




Reclassifications




Concentrations of Credit Risk




Newly Issued Accounting Standards


Accounting for Uncertainty in Income Taxes-an
interpretation of FASB Statement No. 109


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


F-14



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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






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



|                                                                                    |  |                       |             |  |      |   |             |      |  |   |               | 
|----------------------------------------------------------------------------------- |  | --------------------- | ----------- |  | ---- | - | ----------- | ---- |  | - | ------------- | 
|                                                                                    |  | Year Ended August 31, |            
|                                                                                    |  |                       |            
|                                                                                    |  | 2006                  |             |  | 2005 |   |             | 2004 | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Basic Earnings per share                                                            |  |                       |             |  |      |   |             |      |  |   |               | 
|Net income available for Class A common shareholders                                |  | $                     | 973,329     |  |      | $ | 940,474     |      |  | $ | 690,828       | 
|Basic weighted average Class A common shares                                        |  |                       | 589,099,824 |  |      |   | 588,505,335 |      |  |   | 553,298,104   | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Basic earnings per share                                                            |  | $                     | 1.65        |  |      | $ | 1.60        |      |  | $ | 1.25          | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Diluted Earnings per share                                                          |  |                       |             |  |      |   |             |      |  |   |               | 
|Net income available for Class A common shareholders                                |  | $                     | 973,329     |  |      | $ | 940,474     |      |  | $ | 690,828       | 
|Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc.(1)        |  |                       | 447,382     |  |      |   | 556,485     |      |  |   | 529,672       | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Net income for per share calculation                                                |  | $                     | 1,420,711   |  |      | $ | 1,496,959   |      |  | $ | 1,220,500     | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Basic weighted average Class A common shares                                        |  |                       | 589,099,824 |  |      |   | 588,505,335 |      |  |   | 553,298,104   | 
|Class A common shares issuable upon redemption/exchange of
    minority interest(1) |  |                       | 274,435,250 |  |      |   | 349,231,576 |      |  |   | 423,374,821   | 
|Diluted effect of employee compensation related to Class A
    common shares        |  |                       | 30,091,794  |  |      |   | 22,817,960  |      |  |   | 26,111,476    | 
|Diluted effect of employee share purchase plan related to
    Class A common shares |  |                       | 183,717     |  |      |   | 298,943     |      |  |   | 296,827       | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Weighted average Class A common shares                                              |  |                       | 893,810,585 |  |      |   | 960,853,814 |      |  |   | 1,003,081,228 | 
|                                                                                    |  |                       |             |  |      |   |             |      | 
|Diluted earnings per share                                                          |  | $                     | 1.59        |  |      | $ | 1.56        |      |  | $ | 1.22          | 
|                                                                                    |  |                       |             |  |      |   |             |      | 




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                               
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(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.



F-15



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|   |                                                  
|-- | -------------------------------------------------
|3. | RESTRUCTURING AND REORGANIZATION (BENEFITS) COSTS

Restructuring






|                                                     |  |                       |         |   |      |   |         |  
|---------------------------------------------------- |  | --------------------- | ------- | - | ---- | - | ------- | -
|                                                     |  | Year Ended August 31, |        
|                                                     |  |                       |        
|                                                     |  | 2006                  |         |   | 2005 |  
|                                                     |  |                       |         |   |      |  
|Restructuring liability balance, beginning of period |  | $                     | 69,919  |   |      | $ | 102,761 |  
|Payments made                                        |  |                       | (20,884 | ) |      |   | (29,582 | )
|Other(1)                                             |  |                       | 4,474   |   |      |   | (3,260  | )
|                                                     |  |                       |         |   |      |  
|Restructuring liability, end of period               |  | $                     | 53,509  |   |      | $ | 69,919  |  
|                                                     |  |                       |         |   |      |  




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



Reorganization




F-16



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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






|                                                      |                          |                       |         |         |         |   |         |          |          |   |         |         |          |  
|----------------------------------------------------- | ------------------------ | --------------------- | ------- | ------- | ------- | - | ------- | -------- | -------- | - | ------- | ------- | -------- | -
|                                                      |                          | Year Ended August 31, |        
|                                                      |                          |                       |        
|                                                      |                          | 2006                  |         |         | 2005    |   |         | 2004     |         
|                                                      |                          |                       |         |         |         |   |         |          |         
|Reorganization liability balance, beginning of period |                          | $                     | 381,440 |         |         | $ | 454,042 |          |          | $ | 510,149 |        
|                                                      | Final determinations(1)  |                       |         | (72,362 | )       |   |         | (115,444 | )        |   |         | (80,112 | )       
|                                                      | Changes in estimates     |                       |         |        |         |   |         |         |          |   |         | (25,547 | )       
|                                                      |                          |                       |         |         |         |   |         |          |         
|                                                      |                          | Benefit recorded      |         |         | (72,362 | ) |         |          | (115,444 | ) |         |         | (105,659 | )
|                                                      | Interest expense accrued |                       |         | 24,396  |         |   |         | 26,187   |          |   |         | 27,294  |         
|                                                      | Payments                 |                       |         |        |         |   |         |         |          |   |         |        |         
|                                                      |                          |                       |         |         |         |   |         |          |         
|Benefits, net of accrued interest and payments        |                          |                       | (47,966 | )       |         |   | (89,257 | )        |          |   | (78,365 | )      
|Foreign currency translation                          |                          |                       | 17,390  |         |         |   | 16,655  |          |          |   | 22,258  |        
|                                                      |                          |                       |         |         |         |   |         |          |         
|Reorganization liability, end of period               |                          | $                     | 350,864 |         |         | $ | 381,440 |          |          | $ | 454,042 |        
|                                                      |                          |                       |         |         |         |   |         |          |         




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





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



|                                                                                           |  |            |         |   |      |   |          |  
|------------------------------------------------------------------------------------------ |  | ---------- | ------- | - | ---- | - | -------- | -
|                                                                                           |  | August 31, |        
|                                                                                           |  |            |        
|                                                                                           |  | 2006       |         |   | 2005 |  
|                                                                                           |  |            |         |   |      |  
|Unrealized losses on marketable securities, net of
    reclassification adjustments        |  | $          | (3,479  | ) |      | $ | (2,219   | )
|Foreign currency translation adjustments                                                   |  |            | 9,387   |   |      |   | (43,036  | )
|Minimum pension liability adjustment, net of tax of $22,863 and
    $125,057, respectively |  |            | (32,402 | ) |      |   | (187,229 | )
|                                                                                           |  |            |         |   |      |  
|Accumulated other comprehensive loss                                                       |  | $          | (26,494 | ) |      | $ | (232,484 | )
|                                                                                           |  |            |         |   |      |  

F-17



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




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



|                                          |                               |            |            |           |      |   |            |           | 
|----------------------------------------- | ----------------------------- | ---------- | ---------- | --------- | ---- | - | ---------- | --------- | 
|                                          |                               | August 31, |           
|                                          |                               |            |           
|                                          |                               | 2006       |            |           | 2005 |  
|                                          |                               |            |            |           |      |  
|Buildings and land                        |                               | $          | 3,870      |           |      | $ | 3,272      |          
|Computers, related equipment and software |                               |            | 1,245,334  |           |      |   | 1,218,029  |          
|Furniture and fixtures                    |                               |            | 308,192    |           |      |   | 281,624    |          
|Leasehold improvements                    |                               |            | 530,274    |           |      |   | 459,443    |          
|                                          |                               |            |            |           |      |  
|                                          | Property and equipment, gross |            |            | 2,087,670 |      |   |            | 1,962,368 | 
|Total accumulated depreciation            |                               |            | (1,359,978 | )         |      |   | (1,268,658 | )        
|                                          |                               |            |            |           |      |  
|Property and equipment, net               |                               | $          | 727,692    |           |      | $ | 693,710    |          
|                                          |                               |            |            |           |      |  



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





F-18



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Goodwill and
Other Intangible Assets


|                           |  |            |         |  |             |         |          |             |  |            |            |   |         |             |          |  |             |            |         |            |  |   |        |  |  |   |         | 
|-------------------------- |  | ---------- | ------- |  | ----------- | ------- | -------- | ----------- |  | ---------- | ---------- | - | ------- | ----------- | -------- |  | ----------- | ---------- | ------- | ---------- |  | - | ------ |  |  | - | ------- | 
|                           |  |            |         |  |             | Foreign |          |             |  |            |            |   | Foreign |             |          | 
|                           |  | Balance at |         |  |             |         | Currency |             |  | Balance at |            |   |         |             | Currency |  |             | Balance at |        
|                           |  | August 31, |         |  | Additions/  |         |          | Translation |  |            | August 31, |   |         | Additions/  |          |  | Translation |            |         | August 31, | 
|                           |  | 2004       |         |  | Adjustments |         |          | Adjustments |  |            | 2005       |   |         | Adjustments |          |  | Adjustments |            |         | 2006       | 
|                           |  |            |         |  |             |         |          |             |  |            |            |   |         |             |          |  |             |            |         |            | 
|Communications & High Tech |  | $          | 70,949  |  |             | $       | 3,889    |             |  | $          | (1,752     | ) |         | $           | 73,086   |  |             | $          | 5,128   |            |  | $ | 4,525  |  |  | $ | 82,739  | 
|Financial Services         |  |            | 43,668  |  |             |         | 8,800    |             |  |            | (899       | ) |         |             | 51,569   |  |             |            | 69,650  |            |  |   | 2,373  |  |  |   | 123,592 | 
|Government                 |  |            | 23,242  |  |             |         | 2,083    |             |  |            | (392       | ) |         |             | 24,933   |  |             |            | 6,568   |            |  |   | 1,752  |  |  |   | 33,253  | 
|Products                   |  |            | 46,402  |  |             |         | 151,276  |             |  |            | (741       | ) |         |             | 196,937  |  |             |            | 56,111  |            |  |   | 5,342  |  |  |   | 258,390 | 
|Resources                  |  |            | 30,221  |  |             |         | 2,336    |             |  |            | (594       | ) |         |             | 31,963   |  |             |            | (3,950  | )          |  |   | 1,661  |  |  |   | 29,674  | 
|                           |  |            |         |  |             |         |          |             |  |            |            |   |         |             |          |  |             |            |         |            | 
|Total                      |  | $          | 214,482 |  |             | $       | 168,384  |             |  | $          | (4,378     | ) |         | $           | 378,488  |  |             | $          | 133,507 |            |  | $ | 15,653 |  |  | $ | 527,648 | 
|                           |  |            |         |  |             |         |          |             |  |            |            |   |         |             |          |  |             |            |         |            | 

F-19



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




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



|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |        |        |   |        |         |         | 
|------------------------------------ | ----------------------------------------- | ---------------------------------------- | ------ | ------- | ---------- |  | --- | ---------- | --- |  | ---------- | ------ | ------ | - | ------ | ------- | ------- | 
|                                     |                                           | Amortized                                |        |         | Unrealized |  |     | Unrealized |     |  | Estimated  |       
|                                     |                                           | Cost                                     |        |         | Gains      |  |     | Losses     |     |  | Fair Value |       
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       
|August 31, 2006                      |                                           |                                          |        |         |            |  |     |            |     |  |            |        |        |   |        |        
|Available-for-sale debt securities   |                                           |                                          |        |         |            |  |     |            |     |  |            |        |        |   |        |        
|                                     | Asset-backed securities                   |                                          | $      | 24,759  |            |  | $   |           |     |  | $          | (536   | )      |   | $      | 24,223  |        
|                                     | Certificates of deposit and time deposits |                                          |        | 50,105  |            |  |     | 6          |     |  |            |       |        |   |        | 50,111  |        
|                                     | Corporate debt securities                 |                                          |        | 331,979 |            |  |     | 79         |     |  |            | (1,551 | )      |   |        | 330,507 |        
|                                     | Foreign government securities             |                                          |        | 3,803   |            |  |     | 1          |     |  |            | (125   | )      |   |        | 3,679   |        
|                                     | U.S. Treasury securities                  |                                          |        | 67,455  |            |  |     |           |     |  |            | (1,592 | )      |   |        | 65,863  |        
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       
|                                     |                                           | Total available-for-sale debt securities |        |         | 478,101    |  |     |            | 86  |  |            |        | (3,804 | ) |        |         | 474,383 | 
|Available-for-sale equity securities |                                           |                                          | 2,018  |         |            |  | 297 |            |     |  | (58        | )      |        |   | 2,257  |        
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       
|                                     |                                           | Total available-for-sale securities      |        |         | 480,119    |  |     |            | 383 |  |            |        | (3,862 | ) |        |         | 476,640 | 
|Other                                |                                           |                                          | 1,430  |         |            |  |    |            |     |  |           |        |        |   | 1,430  |        
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       
|                                     |                                           | Total investments at August 31, 2006     |        | $       | 481,549    |  |     | $          | 383 |  |            | $      | (3,862 | ) |        | $       | 478,070 | 
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       
|August 31, 2005                      |                                           |                                          |        |         |            |  |     |            |     |  |            |        |        |   |        |        
|Available-for-sale debt securities   |                                           |                                          |        |         |            |  |     |            |     |  |            |        |        |   |        |        
|                                     | Asset-backed securities                   |                                          | $      | 28,568  |            |  | $   | 20         |     |  | $          | (616   | )      |   | $      | 27,972  |        
|                                     | Certificates of deposit and time deposits |                                          |        | 46,000  |            |  |     | 1          |     |  |            |       |        |   |        | 46,001  |        
|                                     | Corporate debt securities                 |                                          |        | 537,660 |            |  |     | 313        |     |  |            | (1,153 | )      |   |        | 536,820 |        
|                                     | Foreign government securities             |                                          |        | 3,356   |            |  |     | 52         |     |  |            | (10    | )      |   |        | 3,398   |        
|                                     | U.S. Treasury securities                  |                                          |        | 99,204  |            |  |     |           |     |  |            | (906   | )      |   |        | 98,298  |        
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       
|                                     |                                           | 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 | 
|                                     |                                           |                                          |        |         |            |  |     |            |     |  |            |       

F-20



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                                         |  |                 |         |  |            |   |         | 
|---------------------------------------- |  | --------------- | ------- |  | ---------- | - | ------- | 
|                                         |  | August 31, 2006 |        
|                                         |  |                 |        
|                                         |  | Amortized       |         |  | Estimated  |  
|                                         |  | Cost            |         |  | Fair Value |  
|                                         |  |                 |         |  |            |  
|Due in 1 year or less                    |  | $               | 353,565 |  |            | $ | 352,891 | 
|Due in 1-2 years                         |  |                 | 43,370  |  |            |   | 42,450  | 
|Due in 2-3 years                         |  |                 | 53,877  |  |            |   | 52,375  | 
|Due in 3-4 years                         |  |                 | 8,683   |  |            |   | 8,434   | 
|Due in 4-5 years                         |  |                 | 13,364  |  |            |   | 13,106  | 
|Due after 5 years                        |  |                 | 5,242   |  |            |   | 5,127   | 
|                                         |  |                 |         |  |            |  
|Total available-for-sale debt securities |  | $               | 478,101 |  |            | $ | 474,383 | 
|                                         |  |                 |         |  |            |  



|                               |  |            |         |  |      |   |        |      |  |   |         | 
|------------------------------ |  | ---------- | ------- |  | ---- | - | ------ | ---- |  | - | ------- | 
|                               |  | August 31, |        
|                               |  |            |        
|                               |  | 2006       |         |  | 2005 |   |        | 2004 | 
|                               |  |            |         |  |      |   |        |      | 
|Available-for-sale investments |  |            |         |  |      |   |        |      |  |   |         | 
|Proceeds from sale             |  | $          | 153,364 |  |      | $ | 43,452 |      |  | $ | 421,003 | 
|Gross realized gains           |  |            | 3,347   |  |      |   | 26,291 |      |  |   | 9,357   | 
|Gross realized losses          |  |            | 305     |  |      |   | 3,956  |      |  |   | 8,382   | 

Equity Method Investments




Foreign Exchange Instruments




|                                             |         |            |   |         |       |  |   |          |   |  |       |         |  |  |   |      |  
|-------------------------------------------- | ------- | ---------- | - | ------- | ----- |  | - | -------- | - |  | ----- | ------- |  |  | - | ---- | -
|                                             |         | August 31, |  
|                                             |         |            |  
|                                             |         | 2006       |   |         | 2005  | 
|                                             |         |            |   |         |       | 
|                                             |         | Notional   |   |         | Fair  |  |   | Notional |   |  | Fair  |        
|                                             |         | Value      |   |         | Value |  |   | Value    |   |  | Value |        
|                                             |         |            |   |         |       |  |   |          |   |  |       |        
|Foreign currency forward exchange contracts: |         |            |   |         |       |  |   |          |   |  |       |         |  |  |   |     
|                                             | To sell |            | $ | 176,486 |       |  | $ | (4,740   | ) |  | $     | 287,794 |  |  | $ | (527 | )
|                                             | To buy  |            |   | 471,280 |       |  |   | (2,908   | ) |  |       | 372,204 |  |  |   | (172 | )

F-21



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|   |                            
|-- | ---------------------------
|8. | BORROWINGS AND INDEBTEDNESS



|                                                                                            |  |                 |           | 
|------------------------------------------------------------------------------------------- |  | --------------- | --------- | 
|                                                                                            |  | Facility Amount |          
|                                                                                            |  |                 |          
|Syndicated loan facility(1)                                                                 |  | $               | 1,200,000 | 
|Separate bilateral, uncommitted, unsecured multicurrency
    revolving credit facilities(2) |  |                 | 350,000   | 
|Local guaranteed and non-guaranteed lines of credit(3)                                      |  |                 | 136,000   | 
|                                                                                            |  |                 |          
|Total                                                                                       |  | $               | 1,686,000 | 
|                                                                                            |  |                 |          




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | On July 31, 2006, we replaced our $1,500,000 syndicated
    loan facility maturing on June 18, 2009 with a $1,200,000
    syndicated loan facility maturing on July 31, 2011. This
    new facility provides unsecured, revolving borrowing capacity
    for general working capital purposes, including the issuance of
    letters of credit. Financing is provided under this facility at
    the prime rate or at the London Interbank Offered Rate plus a
    spread. This facility requires us to: (1) limit liens
    placed on our assets to (a) liens incurred in the ordinary
    course of business (subject to certain qualifications) and
    (b) other liens securing obligations not to exceed 30% of
    the Companys consolidated assets; and (2) maintain a
    debt-to-cash-flow ratio
    not exceeding 1.75 to 1.00. We continue to be in compliance with
    these terms. As of August 31, 2006, we had no borrowings
    under the facility. The facility is subject to annual commitment
    fees.
|(2) | We maintain three separate bilateral, uncommitted and unsecured
    multicurrency revolving credit facilities. These facilities
    provide local currency financing for the majority of our
    operations. Interest rate terms on the bilateral revolving
    facilities are at market rates prevailing in the relevant local
    markets. Effective August 31, 2006, we amended two of the
    bilateral credit facilities, which increased total capacity by
    $100,000 to $350,000. As of August 31, 2006 and 2005, we
    had $2,218 and $4,401, respectively, of borrowings under these
    facilities. The weighted average interest rate on borrowings
    under these multicurrency credit facilities and lines of credit,
    based on the average annual balances, was approximately 5% in
    fiscal 2006 and 7% in fiscal 2005 and 2004.                                                                                                                                                                   
|(3) | We also maintain local guaranteed and non-guaranteed lines of
    credit for those locations that cannot access our global
    facilities. At August 31, 2006, we had no borrowings under
    these various facilities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    



F-22



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




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



|                |                      |                                      |         |          |          |   |         |         |         |   |         |         |         | 
|--------------- | -------------------- | ------------------------------------ | ------- | -------- | -------- | - | ------- | ------- | ------- | - | ------- | ------- | ------- | 
|                |                      | Year Ended August 31,                |        
|                |                      |                                      |        
|                |                      | 2006                                 |         |          | 2005     |   |         | 2004    |        
|                |                      |                                      |         |          |          |   |         |         |        
|Current taxes:  |                      |                                      |         |          |          |   |         |         |         |   |         |        
|                | U.S. Federal         |                                      | $       | 293,733  |          |   | $       | 138,457 |         |   | $       | 135,510 |        
|                | U.S. state and local |                                      |         | 41,961   |          |   |         | 19,779  |         |   |         | 19,359  |        
|                | Non-U.S.             |                                      |         | 375,376  |          |   |         | 478,049 |         |   |         | 318,800 |        
|                |                      |                                      |         |          |          |   |         |         |        
|                |                      | Total current tax expense            |         |          | 711,070  |   |         |         | 636,285 |   |         |         | 473,669 | 
|                |                      |                                      |         |          |          |   |         |         |        
|Deferred taxes: |                      |                                      |         |          |          |   |         |         |         |   |         |        
|                | U.S. Federal         |                                      |         | (179,505 | )        |   |         | 55,344  |         |   |         | 52,399  |        
|                | U.S. state and local |                                      |         | (25,643  | )        |   |         | 7,906   |         |   |         | 7,486   |        
|                | Non-U.S.             |                                      |         | (15,387  | )        |   |         | (2,438  | )       |   |         | 41,989  |        
|                |                      |                                      |         |          |          |   |         |         |        
|                |                      | Total deferred tax (benefit) expense |         |          | (220,535 | ) |         |         | 60,812  |   |         |         | 101,874 | 
|                |                      |                                      |         |          |          |   |         |         |        
|Total           |                      | $                                    | 490,535 |          |          | $ | 697,097 |         |         | $ | 575,543 |        
|                |                      |                                      |         |          |          |   |         |         |        





|                 |  |                       |           |  |      |   |           |      |  |   |           | 
|---------------- |  | --------------------- | --------- |  | ---- | - | --------- | ---- |  | - | --------- | 
|                 |  | Year Ended August 31, |          
|                 |  |                       |          
|                 |  | 2006                  |           |  | 2005 |   |           | 2004 | 
|                 |  |                       |           |  |      |   |           |      | 
|U.S. sources     |  | $                     | 648,283   |  |      | $ | 682,030   |      |  | $ | 503,257   | 
|Non-U.S. sources |  |                       | 1,275,384 |  |      |   | 1,523,972 |      |  |   | 1,295,313 | 
|                 |  |                       |           |  |      |   |           |      | 
|Total            |  | $                     | 1,923,667 |  |      | $ | 2,206,002 |      |  | $ | 1,798,570 | 
|                 |  |                       |           |  |      |   |           |      | 

F-23



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                                       |                           |                       |       |      |      |  |      |      |   |  |      |      |  
|-------------------------------------- | ------------------------- | --------------------- | ----- | ---- | ---- |  | ---- | ---- | - |  | ---- | ---- | -
|                                       |                           | Year Ended August 31, |      
|                                       |                           |                       |      
|                                       |                           | 2006                  |       |      | 2005 |  |      | 2004 |  
|                                       |                           |                       |       |      |      |  |      |      |  
|U.S. Federal statutory income tax rate |                           |                       | 35.0  | %    |      |  | 35.0 | %    |   |  | 35.0 | %   
|U.S. state and local taxes, net        |                           |                       | 1.7   |      |      |  | 1.6  |      |   |  | 1.4  |     
|Reorganization benefits                |                           |                       | (0.9  | )    |      |  | (1.4 | )    |   |  | (1.5 | )   
|Other final determinations(1)          |                           |                       | (10.8 | )    |      |  | (6.4 | )    |   |  | (2.2 | )   
|Deferred tax revaluation(2)            |                           |                       | (3.8  | )    |      |  |     |      |   |  |     |     
|Non-U.S. operations                    |                           |                       | 0.5   |      |      |  | (0.4 | )    |   |  | (1.4 | )   
|Other                                  |                           |                       | 3.8   |      |      |  | 3.2  |      |   |  | 0.7  |     
|                                       |                           |                       |       |      |      |  |      |      |  
|                                       | Effective income tax rate |                       |       | 25.5 | %    |  |      | 31.6 | % |  |      | 32.0 | %
|                                       |                           |                       |       |      |      |  |      |      |  




|    |                                                                                                                   
|--- | ------------------------------------------------------------------------------------------------------------------
|(1) | Final determinations include final agreements with tax
    authorities and expirations of statutes of limitations.
|   
|(2) | Related to updated estimates of the probable future benefit of
    certain deferred tax assets.                   



|                          |                                  |                       |         |          |          |   |         |          |          |  
|------------------------- | -------------------------------- | --------------------- | ------- | -------- | -------- | - | ------- | -------- | -------- | -
|                          |                                  | Year Ended August 31, |        
|                          |                                  |                       |        
|                          |                                  | 2006                  |         |          | 2005     |  
|                          |                                  |                       |         |          |          |  
|Deferred tax assets:      |                                  |                       |         |          |          |   |         |         
|                          | Pensions                         |                       | $       | 77,845   |          |   | $       | 161,197  |         
|                          | Revenue recognition              |                       |         | 43,747   |          |   |         | 55,235   |         
|                          | Compensation and benefits        |                       |         | 165,180  |          |   |         | 121,060  |         
|                          | Share-based compensation         |                       |         | 161,220  |          |   |         | 26,778   |         
|                          | Tax credit carryforwards         |                       |         | 13,937   |          |   |         | 11,449   |         
|                          | Net operating loss carryforwards |                       |         | 271,458  |          |   |         | 220,373  |         
|                          | Depreciation and amortization    |                       |         | 144,023  |          |   |         | 119,322  |         
|                          | Other                            |                       |         | 48,513   |          |   |         | 72,944   |         
|                          |                                  |                       |         |          |          |  
|                          |                                  |                       | 925,923 |          |          |   | 788,358 |         
|                          |                                  | Valuation allowance   |         |          | (198,654 | ) |         |          | (270,630 | )
|                          |                                  |                       |         |          |          |  
|                          | Total deferred tax assets        |                       |         | 727,269  |          |   |         | 517,728  |         
|                          |                                  |                       |         |          |          |  
|Deferred tax liabilities: |                                  |                       |         |          |          |   |         |         
|                          | Revenue recognition              |                       |         | (71,319  | )        |   |         | (46,740  | )       
|                          | Depreciation and amortization    |                       |         | (58,660  | )        |   |         | (58,479  | )       
|                          | Investments                      |                       |         | (51,375  | )        |   |         | (23,357  | )       
|                          | Other                            |                       |         | (32,734  | )        |   |         | (24,963  | )       
|                          |                                  |                       |         |          |          |  
|                          | Total deferred tax liabilities   |                       |         | (214,088 | )        |   |         | (153,539 | )       
|                          |                                  |                       |         |          |          |  
|Net deferred tax assets   |                                  | $                     | 513,181 |          |          | $ | 364,189 |         
|                          |                                  |                       |         |          |          |  

F-24



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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














non-U.S. non-U.S.




F-25



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


non-U.S.








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

Defined Benefit Pension and Postretirement Benefits


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




non-U.S.


F-26



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |         |   |       |   |         |   |  |   |        |  
|--------------------------------------- |  | --------------------- | ------- | -------- | ----- | - | ------- | ---------- | -------- | - | ------- | - |  | ---------- | ------- | - | ----- | - | ------- | - |  | - | ------ | -
|                                        |  | Pension Benefits      |        
|                                        |  |                       |        
|                                        |  | Year Ended August 31, |        
|                                        |  |                       |        
|                                        |  | 2006                  |         |          | 2005  |   |         | 2004       |         
|                                        |  |                       |         |          |       |   |         |            |         
|                                        |  |                       |         | 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                            |  | $                     | 64,410  |          |       | $ | 51,496  |            |          | $ | 49,518  |   |  | $          | 45,054  |   |       | $ | 45,247  |   |  | $ | 34,802 |  
|Interest cost                           |  |                       | 49,923  |          |       |   | 20,865  |            |          |   | 42,760  |   |  |            | 18,037  |   |       |   | 36,262  |   |  |   | 12,799 |  
|Expected return on plan assets          |  |                       | (52,318 | )        |       |   | (19,833 | )          |          |   | (42,892 | ) |  |            | (15,305 | ) |       |   | (24,735 | ) |  |   | (9,932 | )
|Amortization of transitional obligation |  |                       |        |          |       |   |        |            |          |   |        |   |  |            |        |   |       |   |        |   |  |   | (213   | )
|Amortization of loss/(gain)             |  |                       | 31,140  |          |       |   | 1,962   |            |          |   | 13,675  |   |  |            | (1,023  | ) |       |   | 20,673  |   |  |   | 782    |  
|Amortization of prior service cost      |  |                       | 1,149   |          |       |   | 709     |            |          |   | 1,291   |   |  |            | 1,579   |   |       |   | 2,472   |   |  |   | 90     |  
|Curtailment loss recognized             |  |                       |        |          |       |   | 183     |            |          |   |        |   |  |            | 243     |   |       |   |        |   |  |   |       |  
|Special termination benefits charge     |  |                       |        |          |       |   | 1,582   |            |          |   |        |   |  |            | 1,299   |   |       |   |        |   |  |   | 3,643  |  
|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |         |   |       |  
|Total                                   |  | $                     | 94,304  |          |       | $ | 56,964  |            |          | $ | 64,352  |   |  | $          | 49,884  |   |       | $ | 79,919  |   |  | $ | 41,971 |  
|                                        |  |                       |         |          |       |   |         |            |          |   |         |   |  |            |         |   |       |  

|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |   |       |   |        |   |  |   |       | 
|--------------------------------------- |  | ----------------------- | ------ | -------- | ----- | - | ----- | ---------- | -------- | - | ------ | - |  | ---------- | ----- | - | ----- | - | ------ | - |  | - | ----- | 
|                                        |  | Postretirement Benefits |       
|                                        |  |                         |       
|                                        |  | Year Ended August 31,   |       
|                                        |  |                         |       
|                                        |  | 2006                    |        |          | 2005  |   |       | 2004       |         
|                                        |  |                         |        |          |       |   |       |            |         
|                                        |  |                         |        | 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                            |  | $                       | 10,102 |          |       | $ | 2,061 |            |          | $ | 7,091  |   |  | $          | 1,646 |   |       | $ | 7,263  |   |  | $ | 1,677 | 
|Interest cost                           |  |                         | 6,150  |          |       |   | 1,766 |            |          |   | 5,534  |   |  |            | 1,776 |   |       |   | 5,167  |   |  |   | 1,561 | 
|Expected return on plan assets          |  |                         | (1,419 | )        |       |   |      |            |          |   | (1,335 | ) |  |            |      |   |       |   | (1,424 | ) |  |   |      | 
|Amortization of transitional obligation |  |                         | 79     |          |       |   |      |            |          |   | 79     |   |  |            |      |   |       |   | 79     |   |  |   | 204   | 
|Amortization of loss                    |  |                         | 2,518  |          |       |   | 198   |            |          |   | 1,493  |   |  |            | 94    |   |       |   | 2,401  |   |  |   | 74    | 
|Amortization of prior service cost      |  |                         | (801   | )        |       |   | (281  | )          |          |   | (801   | ) |  |            | (161  | ) |       |   | (801   | ) |  |   |      | 
|Curtailment loss recognized             |  |                         |       |          |       |   | (472  | )          |          |   |       |   |  |            | (222  | ) |       |   |       |   |  |   |      | 
|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |   |       |  
|Total                                   |  | $                       | 16,629 |          |       | $ | 3,272 |            |          | $ | 12,061 |   |  | $          | 3,133 |   |       | $ | 12,685 |   |  | $ | 3,516 | 
|                                        |  |                         |        |          |       |   |       |            |          |   |        |   |  |            |       |   |       |  

F-27



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                                        |  |                       |      |          |       |  |      |            |          |  |       |   |  |            |      |   |       |  |      |   |  |  |      |  
|--------------------------------------- |  | --------------------- | ---- | -------- | ----- |  | ---- | ---------- | -------- |  | ----- | - |  | ---------- | ---- | - | ----- |  | ---- | - |  |  | ---- | -
|                                        |  | Pension Benefits      |     
|                                        |  |                       |     
|                                        |  | Year Ended August 31, |     
|                                        |  |                       |     
|                                        |  | 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 rate of 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 |  

|                                        |  |                         |           |          |       |  |      |            |          |  |           |  |  |            |      |   |       |  |           |  |  |  |      |  
|--------------------------------------- |  | ----------------------- | --------- | -------- | ----- |  | ---- | ---------- | -------- |  | --------- |  |  | ---------- | ---- | - | ----- |  | --------- |  |  |  | ---- | -
|                                        |  | Postretirement Benefits |          
|                                        |  |                         |          
|                                        |  | Year Ended August 31,   |          
|                                        |  |                         |          
|                                        |  | 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%     |          |       |  | 5.50 | %          |          |  | 6.25%     |  |  |            | 6.75 | % |       |  | 6.00%     |  |  |  | 6.50 | %
|Expected rate of return on plan assets  |  |                         | 7.50/3.50 |          |       |  | N/A  |            |          |  | 7.50/3.50 |  |  |            | N/A  |   |       |  | 8.00/5.00 |  |  |  | N/A  |  
|Rate of increase in future compensation |  |                         | N/A       |          |       |  | 3.50 |            |          |  | N/A       |  |  |            | 4.50 |   |       |  | N/A       |  |  |  | 4.00 |  



|                                        |  |                       |      |          |                         |  |      |            |          |  |       |   |  |            |      |   |       |  |          |            |  |  |       |   |  |  |       |  |  |  |      |  
|--------------------------------------- |  | --------------------- | ---- | -------- | ----------------------- |  | ---- | ---------- | -------- |  | ----- | - |  | ---------- | ---- | - | ----- |  | -------- | ---------- |  |  | ----- | - |  |  | ----- |  |  |  | ---- | -
|                                        |  | Pension Benefits      |      |          | Postretirement Benefits | 
|                                        |  |                       |      |          |                         | 
|                                        |  | Year Ended August 31, |      |          | Year Ended August 31,   | 
|                                        |  |                       |      |          |                         | 
|                                        |  | 2006                  |      |          | 2005                    |  |      | 2006       |          |  | 2005  |  
|                                        |  |                       |      |          |                         |  |      |            |          |  |       |  
|                                        |  |                       |      | 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                           |  |                       | 6.50 | %        |                         |  | 4.68 | %          |          |  | 5.25  | % |  |            | 4.28 | % |       |  | 6.50%    |            |  |  | 6.00  | % |  |  | 5.25% |  |  |  | 5.50 | %
|Rate of increase in future compensation |  |                       | 4.50 |          |                         |  | 3.45 |            |          |  | 4.50  |   |  |            | 3.27 |   |       |  | N/A      |            |  |  | 2.90  |   |  |  | N/A   |  |  |  | 3.50 |  

Non-U.S.


F-28



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|--------------------------------------------------------------------- |  | --------------------- | -------- | -------- | ----------------------- | - | -------- | ---------- | -------- | - | -------- | - |  | ---------- | -------- | - | ----- | - | -------- | ---------- |  | - | ------- | - |  | - | ------- | - |  | - | ------- | -
|                                                                      |  | Pension Benefits      |          |          | Postretirement Benefits |  
|                                                                      |  |                       |          |          |                         |  
|                                                                      |  | Year Ended August 31, |          |          | Year Ended August 31,   |  
|                                                                      |  |                       |          |          |                         |  
|                                                                      |  | 2006                  |          |          | 2005                    |   |          | 2006       |          |   | 2005     |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |  
|                                                                      |  |                       |          | 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                                 |  | $                     | 957,547  |          |                         | $ | 511,585  |            |          | $ | 692,028  |   |  | $          | 335,819  |   |       | $ | 118,336  |            |  | $ | 31,411  |   |  | $ | 89,476  |   |  | $ | 25,054  |  
|Service cost                                                          |  |                       | 64,410   |          |                         |   | 51,496   |            |          |   | 49,518   |   |  |            | 45,054   |   |       |   | 10,102   |            |  |   | 2,061   |   |  |   | 7,091   |   |  |   | 1,646   |  
|Interest cost                                                         |  |                       | 49,923   |          |                         |   | 20,865   |            |          |   | 42,760   |   |  |            | 18,037   |   |       |   | 6,150    |            |  |   | 1,766   |   |  |   | 5,534   |   |  |   | 1,776   |  
|Amendments                                                            |  |                       |         |          |                         |   | (11,794  | )          |          |   |         |   |  |            | 1,365    |   |       |   |         |            |  |   | (5,687  | ) |  |   |        |   |  |   | (3,858  | )
|Termination benefits                                                  |  |                       |         |          |                         |   | 1,582    |            |          |   |         |   |  |            | 1,299    |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Participant contributions                                             |  |                       |         |          |                         |   | 6,544    |            |          |   |         |   |  |            | 6,366    |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Acquisitions/divestitures/transfers                                   |  |                       |         |          |                         |   | 39,325   |            |          |   |         |   |  |            | 75,024   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Curtailments                                                          |  |                       |         |          |                         |   | (1,300   | )          |          |   |         |   |  |            | (540     | ) |       |   |         |            |  |   | (2,136  | ) |  |   |        |   |  |   | (263    | )
|Actuarial loss(gain)                                                  |  |                       | (215,857 | )        |                         |   | (3,317   | )          |          |   | 189,769  |   |  |            | 73,364   |   |       |   | (37,868  | )          |  |   | (3,478  | ) |  |   | 19,555  |   |  |   | 4,160   |  
|Benefits paid                                                         |  |                       | (15,752  | )        |                         |   | (28,676  | )          |          |   | (16,528  | ) |  |            | (39,369  | ) |       |   | (1,782   | )          |  |   | (250    | ) |  |   | (3,320  | ) |  |   | (130    | )
|Exchange rate loss                                                    |  |                       |         |          |                         |   | 29,968   |            |          |   |         |   |  |            | 2,212    |   |       |   |         |            |  |   | 2,075   |   |  |   |        |   |  |   | 3,026   |  
|Settlements                                                           |  |                       |         |          |                         |   |         |            |          |   |         |   |  |            | (7,046   | ) |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Benefit obligation, end of year                                       |  | $                     | 840,271  |          |                         | $ | 616,278  |            |          | $ | 957,547  |   |  | $          | 511,585  |   |       | $ | 94,938   |            |  | $ | 25,762  |   |  | $ | 118,336 |   |  | $ | 31,411  |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Changes in plan assets                                                |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Fair value of plan assets, beginning of year                          |  | $                     | 701,343  |          |                         | $ | 344,088  |            |          | $ | 470,792  |   |  | $          | 243,424  |   |       | $ | 25,643   |            |  | $ |        |   |  | $ | 24,585  |   |  | $ |        |  
|Actual return on plan assets                                          |  |                       | 81,086   |          |                         |   | 23,998   |            |          |   | 63,227   |   |  |            | 24,998   |   |       |   | 1,839    |            |  |   |        |   |  |   | 1,647   |   |  |   |        |  
|Acquisitions/divestitures/transfers                                   |  |                       | 2,733    |          |                         |   | 28,550   |            |          |   |         |   |  |            | 70,004   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Employer contributions                                                |  |                       | 32,234   |          |                         |   | 60,414   |            |          |   | 183,852  |   |  |            | 40,780   |   |       |   | 877      |            |  |   | 250     |   |  |   | 180     |   |  |   | 130     |  
|Participant contributions                                             |  |                       |         |          |                         |   | 6,544    |            |          |   |         |   |  |            | 6,366    |   |       |   |         |            |  |   |        |   |  |   | 2,551   |   |  |   |        |  
|Benefits paid                                                         |  |                       | (15,752  | )        |                         |   | (28,676  | )          |          |   | (16,528  | ) |  |            | (39,369  | ) |       |   | (1,782   | )          |  |   | (250    | ) |  |   | (3,320  | ) |  |   | (130    | )
|Exchange rate gain                                                    |  |                       |         |          |                         |   | 23,573   |            |          |   |         |   |  |            | 4,931    |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Settlements                                                           |  |                       |         |          |                         |   |         |            |          |   |         |   |  |            | (7,046   | ) |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Fair value of plan assets, end of year                                |  | $                     | 801,644  |          |                         | $ | 458,491  |            |          | $ | 701,343  |   |  | $          | 344,088  |   |       | $ | 26,577   |            |  | $ |        |   |  | $ | 25,643  |   |  | $ |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Reconciliation of funded status                                       |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Funded status                                                         |  | $                     | (38,627  | )        |                         | $ | (157,787 | )          |          | $ | (256,204 | ) |  | $          | (167,497 | ) |       | $ | (68,361  | )          |  | $ | (25,762 | ) |  | $ | (92,693 | ) |  | $ | (31,411 | )
|Unrecognized transitional obligation                                  |  |                       |         |          |                         |   |         |            |          |   |         |   |  |            |         |   |       |   | 519      |            |  |   |        |   |  |   | 598     |   |  |   |        |  
|Unrecognized loss                                                     |  |                       | 59,117   |          |                         |   | 63,918   |            |          |   | 337,615  |   |  |            | 71,192   |   |       |   | 2,132    |            |  |   | 1,683   |   |  |   | 43,141  |   |  |   | 7,187   |  
|Unrecognized prior service cost                                       |  |                       | 2,739    |          |                         |   | (7,913   | )          |          |   | 3,888    |   |  |            | 5,215    |   |       |   | (7,306   | )          |  |   | (9,268  | ) |  |   | (8,107  | ) |  |   | (3,838  | )
|Contribution made after measurement date                              |  |                       |         |          |                         |   | 1,985    |            |          |   |         |   |  |            | 1,499    |   |       |   |         |            |  |   | 44      |   |  |   | (112    | ) |  |   | 24      |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Net amount recognized at year-end                                     |  | $                     | 23,229   |          |                         | $ | (99,797  | )          |          | $ | 85,299   |   |  | $          | (89,591  | ) |       | $ | (73,016  | )          |  | $ | (33,303 | ) |  | $ | (57,173 | ) |  | $ | (28,038 | )
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Amounts recognized in the Consolidated Balance Sheets consist
    of: |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |   |  |   |         |   |  |   |         |  
|Prepaid benefit cost                                                  |  | $                     | 110,377  |          |                         | $ | 11,175   |            |          | $ | 10,274   |   |  | $          | 10,441   |   |       | $ |         |            |  | $ |        |   |  | $ |        |   |  | $ |        |  
|Accrued benefit liability                                             |  |                       | (122,350 | )        |                         |   | (131,035 | )          |          |   | (205,404 | ) |  |            | (135,238 | ) |       |   | (73,016  | )          |  |   | (33,303 | ) |  |   | (57,173 | ) |  |   | (28,038 | )
|Intangible asset                                                      |  |                       |         |          |                         |   |         |            |          |   | 3,339    |   |  |            | 10       |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|Accumulated other comprehensive loss                                  |  |                       | 35,202   |          |                         |   | 20,063   |            |          |   | 277,090  |   |  |            | 35,196   |   |       |   |         |            |  |   |        |   |  |   |        |   |  |   |        |  
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  
|Net amount recognized at year-end                                     |  | $                     | 23,229   |          |                         | $ | (99,797  | )          |          | $ | 85,299   |   |  | $          | (89,591  | ) |       | $ | (73,016  | )          |  | $ | (33,303 | ) |  | $ | (57,173 | ) |  | $ | (28,038 | )
|                                                                      |  |                       |          |          |                         |   |          |            |          |   |          |   |  |            |          |   |       |   |          |            |  |   |         |  

F-29



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Funded Status for Defined Benefit Plans




non-U.S.




non-U.S.


|                               |  |            |         |          |       |   |         |            |          |   |         |  |  |   |         | 
|------------------------------ |  | ---------- | ------- | -------- | ----- | - | ------- | ---------- | -------- | - | ------- |  |  | - | ------- | 
|                               |  | August 31, |        
|                               |  |            |        
|                               |  | 2006       |         |          | 2005  |  
|                               |  |            |         |          |       |  
|                               |  |            |         | Non-U.S. |       |   |         |            | Non-U.S. |  
|                               |  | U.S. Plans |         |          | Plans |   |         | U.S. Plans |          |   | Plans   | 
|                               |  |            |         |          |       |   |         |            |          |   |         | 
|Accumulated benefit obligation |  | $          | 790,288 |          |       | $ | 518,723 |            |          | $ | 903,306 |  |  | $ | 434,596 | 



|                                                         |  |            |         |          |       |   |         |            |          |   |         |  |  |   |         | 
|-------------------------------------------------------- |  | ---------- | ------- | -------- | ----- | - | ------- | ---------- | -------- | - | ------- |  |  | - | ------- | 
|                                                         |  | 2006       |         |          | 2005  |  
|                                                         |  |            |         |          |       |  
|                                                         |  |            |         | 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                             |  | $          | 122,350 |          |       | $ | 446,652 |            |          | $ | 911,808 |  |  | $ | 434,117 | 
|Fair value of plan assets                                |  |            |        |          |       |   | 271,545 |            |          |   | 654,948 |  |  |   | 256,790 | 
|Accumulated benefit obligation in excess of plan assets: |  |            |         |          |       |   |         |            |          |   |         |  |  |   |         | 
|Accumulated benefit obligation                           |  | $          | 122,350 |          |       | $ | 186,122 |            |          | $ | 860,352 |  |  | $ | 321,681 | 
|Fair value of plan assets                                |  |            |        |          |       |   | 75,324  |            |          |   | 654,948 |  |  |   | 200,533 | 

Investment Strategies




| |                       
| | ----------------------
| | U.S. Pension
    Plans



F-30



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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








| |                          
| | -------------------------
| | Non-U.S.Pension
    Plans

non-U.S.


F-31



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Plan Assets






| |                  
| | -----------------
| | Pension
    Plans

|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       |  |     |   |  |  |     |  
|------------------------------- |  | ----------- | --- | -------- | ----- | ------------------------- | ----- | ---------- | -------- |  | ----- | - |  | ---------- | --- | - | ----- |  | --- | - |  |  | --- | -
|                                |  |             |     |          |       | Plan Assets at August 31, |      
|                                |  |             |     |          |      
|                                |  | 2007 Target |     |          |       |                           |      
|                                |  | Allocation  |     |          | 2006  |                           |       | 2005       |         
|                                |  |             |     |          |       |                           |       |            |         
|                                |  |             |     | 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               |  |             | 79  | %        |       |                           | 35-45 | %          |          |  | 79    | % |  |            | 44  | % |       |  | 76  | % |  |  | 30  | %
|Debt securities                 |  |             | 21  |          |       |                           | 35-45 |            |          |  | 21    |   |  |            | 39  |   |       |  | 20  |   |  |  | 32  |  
|Cash and short-term investments |  |             |    |          |       |                           | 0-5   |            |          |  |      |   |  |            | 2   |   |       |  |    |   |  |  | 19  |  
|Insurance contracts             |  |             |    |          |       |                           | 0-5   |            |          |  |      |   |  |            | 13  |   |       |  |    |   |  |  | 13  |  
|Other                           |  |             |    |          |       |                           | 10-15 |            |          |  |      |   |  |            | 2   |   |       |  | 4   |   |  |  | 6   |  
|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       | 
|Total                           |  |             | 100 | %        |       |                           | n/m   |            |          |  | 100   | % |  |            | 100 | % |       |  | 100 | % |  |  | 100 | %
|                                |  |             |     |          |       |                           |       |            |          |  |       |   |  |            |     |   |       | 








| |                                
| | -------------------------------
| | U.S. Postretirement
    Plan(1)

|                                |  |             |     |                |      |  |     |      |  |  |     |  
|------------------------------- |  | ----------- | --- | -------------- | ---- |  | --- | ---- |  |  | --- | -
|                                |  |             |     | Plan Assets at |     
|                                |  |             |     | August 31,     |     
|                                |  | 2007 Target |     |                |      | 
|                                |  | Allocation  |     |                | 2006 |  |     | 2005 | 
|                                |  |             |     |                |      |  |     |      | 
|Asset Category                  |  |             |     |                |      |  |     |      |  |  |     |  
|Equity securities               |  |             | 39  | %              |      |  | 37  | %    |  |  | 35  | %
|Debt securities                 |  |             | 21  |                |      |  | 20  |      |  |  | 19  |  
|Cash and short-term investments |  |             | 40  |                |      |  | 43  |      |  |  | 46  |  
|                                |  |             |     |                |      |  |     |      | 
|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


non-U.S.


F-32



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Estimated Future Benefit Payments




|          |  |                  |         |          |                         |   |         |            |          |   |        |  |  |   |       | 
|--------- |  | ---------------- | ------- | -------- | ----------------------- | - | ------- | ---------- | -------- | - | ------ |  |  | - | ----- | 
|          |  | Pension Benefits |         |          | Postretirement Benefits |  
|          |  |                  |         |          |                         |  
|          |  |                  |         | Non-U.S. |                         |   |         |            | Non-U.S. |  
|          |  | U.S. Plans       |         |          | Plans                   |   |         | U.S. Plans |          |   | Plans  | 
|          |  |                  |         |          |                         |   |         |            |          |   |        | 
|2007      |  | $                | 16,780  |          |                         | $ | 13,584  |            |          | $ | 2,758  |  |  | $ | 330   | 
|2008      |  |                  | 18,630  |          |                         |   | 13,837  |            |          |   | 3,260  |  |  |   | 422   | 
|2009      |  |                  | 20,879  |          |                         |   | 14,793  |            |          |   | 3,785  |  |  |   | 490   | 
|2010      |  |                  | 23,603  |          |                         |   | 15,961  |            |          |   | 4,287  |  |  |   | 569   | 
|2011      |  |                  | 26,497  |          |                         |   | 17,622  |            |          |   | 4,923  |  |  |   | 668   | 
|2012-2016 |  |                  | 182,665 |          |                         |   | 114,059 |            |          |   | 30,420 |  |  |   | 5,393 | 

Assumed Health Care Cost Trend




|                                                        |  |                      |        |  |                      |   |        |      |  |   |        |   |  |   |         |  
|------------------------------------------------------- |  | -------------------- | ------ |  | -------------------- | - | ------ | ---- |  | - | ------ | - |  | - | ------- | -
|                                                        |  | One Percentage Point |        |  | One Percentage Point |  
|                                                        |  | Increase             |        |  | Decrease             |  
|                                                        |  |                      |        |  |                      |  
|                                                        |  | 2006                 |        |  | 2005                 |   |        | 2006 |  |   | 2005   |  
|                                                        |  |                      |        |  |                      |   |        |      |  |   |        |  
|Effect on total of service and interest cost components |  | $                    | 3,119  |  |                      | $ | 2,527  |      |  | $ | (2,415 | ) |  | $ | (2,056  | )
|Effect on year-end postretirement benefit obligation    |  |                      | 11,526 |  |                      |   | 22,362 |      |  |   | (9,560 | ) |  |   | (17,375 | )

Basic Retirement Benefits


cost-of


Early Retirement Benefits


10-year


F-33



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Defined Contribution Plans










|    |                         
|--- | ------------------------
|11. | SHARE-BASED COMPENSATION



F-34



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                                            |  |                            |            |           |        |   |            |  
|------------------------------------------- |  | -------------------------- | ---------- | --------- | ------ | - | ---------- | -
|                                            |  | Year Ended August 31, 2006 |           
|                                            |  |                            |           
|                                            |  |                            |            | Under APB |       
|                                            |  | As Reported                |            |           | No. 25 |  
|                                            |  |                            |            |           |        |  
|Income before income taxes                  |  | $                          | 1,923,667  |           |        | $ | 2,021,574  |  
|Income before minority interest             |  |                            | 1,433,132  |           |        |   | 1,497,359  |  
|Net income                                  |  |                            | 973,329    |           |        |   | 1,017,145  |  
|Cash flows provided by operating activities |  |                            | 2,667,989  |           |        |   | 2,710,821  |  
|Cash flows used in financing activities     |  |                            | (1,934,467 | )         |        |   | (1,977,299 | )
|Basic earnings per share                    |  | $                          | 1.65       |           |        | $ | 1.73       |  
|Diluted earnings per share                  |  | $                          | 1.59       |           |        | $ | 1.67       |  



|                                           |                                                                                                                                                                          |                       |         |          |      |   |         |         |  
|------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | --------------------- | ------- | -------- | ---- | - | ------- | ------- | -
|                                           |                                                                                                                                                                          | Year Ended August 31, |        
|                                           |                                                                                                                                                                          |                       |        
|                                           |                                                                                                                                                                          | 2005                  |         |          | 2004 |  
|                                           |                                                                                                                                                                          |                       |         |          |      |  
|Net income as reported                     |                                                                                                                                                                          | $                     | 940,474 |          |      | $ | 690,828 |        
|                                           | Add: Share-based compensation expense already included in Net
    income as reported, net of tax and minority interest                                                   |                       |         | 52,140   |      |   |         | 31,446  |  
|                                           | 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 | )
|                                           |                                                                                                                                                                          |                       |         |          |      |  
|                                           | Subtotal                                                                                                                                                                 |                       |         | (97,965  | )    |   |         | (54,099 | )
|                                           |                                                                                                                                                                          |                       |         |          |      |  
|Pro forma net income                       |                                                                                                                                                                          | $                     | 842,509 |          |      | $ | 636,729 |        
|                                           |                                                                                                                                                                          |                       |         |          |      |  
|Basic earnings per Class A common share:   |                                                                                                                                                                          |                       |         |          |      |   |         |        
|                                           | As reported                                                                                                                                                              |                       | $       | 1.60     |      |   | $       | 1.25    |  
|                                           | Pro forma                                                                                                                                                                |                       | $       | 1.43     |      |   | $       | 1.15    |  
|Diluted earnings per Class A common share: |                                                                                                                                                                          |                       |         |          |      |   |         |        
|                                           | As reported                                                                                                                                                              |                       | $       | 1.56     |      |   | $       | 1.22    |  
|                                           | Pro forma                                                                                                                                                                |                       | $       | 1.40     |      |   | $       | 1.12    |  

F-35



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Share Incentive Plan








|                                                                                  |  |                       |         |  |      |   |        |      |  |   |        | 
|--------------------------------------------------------------------------------- |  | --------------------- | ------- |  | ---- | - | ------ | ---- |  | - | ------ | 
|                                                                                  |  | Year Ended August 31, |        
|                                                                                  |  |                       |        
|                                                                                  |  | 2006                  |         |  | 2005 |   |        | 2004 | 
|                                                                                  |  |                       |         |  |      |   |        |      | 
|Total share-based compensation expense included in Net income                     |  | $                     | 270,884 |  |      | $ | 88,341 |      |  | $ | 60,486 | 
|Income tax benefit related to share-based compensation included
    in Net income |  | $                     | 93,029  |  |      | $ | 8,274  |      |  | $ | 5,696  | 



| |                           
| | --------------------------
| | Restricted Share
    Units



|                                        |           |                  |            |            |                  |   |       |       | 
|--------------------------------------- | --------- | ---------------- | ---------- | ---------- | ---------------- | - | ----- | ----- | 
|                                        |           | 2006             |           
|                                        |           |                  |           
|                                        |           | Number of        |            |            | Weighted Average |  
|                                        |           | Restricted Share |            |            | Grant-Date Fair  |  
|                                        |           | Units            |            |            | Value            |  
|                                        |           |                  |            |            |                  |  
|Nonvested balance as of August 31, 2005 |           |                  | 18,122,113 |            |                  | $ | 26.65 |      
|                                        | Granted   |                  |            | 19,063,320 |                  |   |       | 25.73 | 
|                                        | Vested    |                  |            | (2,385,703 | )                |   |       | 21.80 | 
|                                        | Forfeited |                  |            | (1,390,461 | )                |   |       | 21.61 | 
|                                        |           |                  |            |            |                  |  
|Nonvested balance as of August 31, 2006 |           |                  | 33,409,269 |            |                  | $ | 23.89 |      
|                                        |           |                  |            |            |                  |  



F-36



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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






| |                  
| | -----------------
| | Stock
    Options



|                                          |           |                   |            |                  |                |                  |                  |            |  |                     |       |  |  |   |         |  | 
|----------------------------------------- | --------- | ----------------- | ---------- | ---------------- | -------------- | ---------------- | ---------------- | ---------- |  | ------------------- | ----- |  |  | - | ------- |  | 
|                                          |           |                   |            |                  |                | Weighted Average |                  |            | 
|                                          |           |                   |            |                  |                | Remaining        |                  |            | 
|                                          |           |                   |            | Weighted Average |                |                  | Contractual Term |            |  | Aggregate Intrinsic |      
|                                          |           | Number of Options |            |                  | Exercise Price |                  |                  | (In Years) |  |                     | Value | 
|                                          |           |                   |            |                  |                |                  |                  |            |  |                     |       | 
|Options outstanding as of August 31, 2005 |           |                   | 73,848,900 |                  |                | $                | 18.27            |            |  |                     | 6.6   |  |  | $ | 448,382 | 
|                                          | Granted   |                   |            | 436,642          |                |                  | $                | 26.24      |  |                     |       |  |  |   |         |  | 
|                                          | Exercised |                   |            | (15,009,940      | )              |                  | $                | 15.84      |  |                     |       |  |  |   |         |  | 
|                                          | Forfeited |                   |            | (1,693,331       | )              |                  | $                | 21.90      |  |                     |       |  |  |   |         |  | 
|                                          |           |                   |            |                  |                |                  |                  |            |  |                     |       | 
|Options outstanding as of August 31, 2006 |           |                   | 57,582,271 |                  |                | $                | 18.84            |            |  |                     | 6.3   |  |  | $ | 595,954 | 
|                                          |           |                   |            |                  |                |                  |                  |            |  |                     |       | 
|Options exercisable as of August 31, 2006 |           |                   | 44,177,710 |                  |                | $                | 17.35            |            |  |                     | 5.8   |  |  | $ | 522,702 | 
|Options exercisable as of August 31, 2005 |           |                   | 49,098,967 |                  |                | $                | 15.99            |            |  |                     | 5.9   |  |  | $ | 412,308 | 
|Options exercisable as of August 31, 2004 |           |                   | 36,387,546 |                  |                | $                | 14.66            |            |  |                     | 6.0   |  |  | $ | 413,345 | 





|                                                                |  |                       |         |  |      |   |         |      |  |   |         | 
|--------------------------------------------------------------- |  | --------------------- | ------- |  | ---- | - | ------- | ---- |  | - | ------- | 
|                                                                |  | Year Ended August 31, |        
|                                                                |  |                       |        
|                                                                |  | 2006                  |         |  | 2005 |   |         | 2004 | 
|                                                                |  |                       |         |  |      |   |         |      | 
|Weighted average grant-date fair value of stock options granted |  | $                     | 11.13   |  |      | $ | 11.30   |      |  | $ | 9.66    | 
|Total fair value of stock options vested                        |  | $                     | 102,333 |  |      | $ | 183,304 |      |  | $ | 122,680 | 
|Total intrinsic value of stock options exercised                |  | $                     | 197,111 |  |      | $ | 89,219  |      |  | $ | 112,779 | 



F-37



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|                         |  |                       |      |   |            |  |      |           |  |  |            |   |  |           |      |   |  |  |      |  
|------------------------ |  | --------------------- | ---- | - | ---------- |  | ---- | --------- |  |  | ---------- | - |  | --------- | ---- | - |  |  | ---- | -
|                         |  | Year Ended August 31, |     
|                         |  |                       |     
|                         |  | 2006(1)               |      |   | 2005       |  |      | 2004      | 
|                         |  |                       |      |   |            |  |      |           | 
|                         |  | Senior                |      |   | Senior     |  |      | Other     |  |  | Senior     |   |  | Other     |     
|                         |  | Executives            |      |   | Executives |  |      | Employees |  |  | Executives |   |  | Employees |     
|                         |  |                       |      |   |            |  |      |           |  |  |            |   |  |           |     
|Expected life (in years) |  |                       | 7.4  |   |            |  | 6.0  |           |  |  | 5.0        |   |  |           | 6.0  |   |  |  | 5.0  |  
|Risk-free interest rate  |  |                       | 4.15 | % |            |  | 4.02 | %         |  |  | 3.52       | % |  |           | 3.58 | % |  |  | 3.29 | %
|Expected volatility      |  |                       | 37   | % |            |  | 41   | %         |  |  | 41         | % |  |           | 44   | % |  |  | 44   | %
|Expected dividend yield  |  |                       | 1    | % |            |  | 0    | %         |  |  | 0          | % |  |           | 0    | % |  |  | 0    | %




|    |                                                                           
|--- | --------------------------------------------------------------------------
|(1) | No stock options were granted to Other Employees
    during fiscal 2006.

Share-Based Payment.


Employee Share Purchase Plan




Voluntary Equity Investment Program




F-38



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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






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

Accenture Ltd


Preferred Shares






Class A Common Shares


winding-up


Class X Common Shares


winding-up


F-39



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Equity of Subsidiaries Redeemable or Exchangeable for
Accenture Ltd Class A Common Shares




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





F-40



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


Accenture SCA Class II and Class III common
shares








Accenture Canada Holdings Inc. Exchangeable Shares




Restrictions on the Transfer of Certain Accenture Shares




F-41



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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








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

Secondary Offerings






F-42



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Share Purchase Activity






|                                              |  |                   |            |  |                      |   |           |        |  |  |            |  |  |       |            |   |  |   |            |  
|--------------------------------------------- |  | ----------------- | ---------- |  | -------------------- | - | --------- | ------ |  |  | ---------- |  |  | ----- | ---------- | - |  | - | ---------- | -
|                                              |  | Open-Market Share |            |  | Other Share Purchase |   |           |       
|                                              |  | Purchase Program  |            |  | Programs             |   |           |       
|                                              |  |                   |            |  |                      |   |           |       
|                                              |  | Shares            |            |  | Amount               |   |           | Shares |  |  | Amount     |  |  | Total |           
|                                              |  |                   |            |  |                      |   |           |        |  |  |            |  |  |       |           
|Available authorization as of August 31, 2003 |  |                   |            |  |                      | $ | 82,127    |        |  |  |            |  |  | $     | 288,742    |   |  | $ | 370,869    |  
|Purchases and redemptions                     |  |                   | 8,413,050  |  |                      |   | (201,326  | )      |  |  | 29,619,979 |  |  |       | (664,338   | ) |  |   | (865,664   | )
|Additional authorizations                     |  |                   |            |  |                      |   | 180,777   |        |  |  |            |  |  |       | 600,000    |   |  |   | 780,777    |  
|                                              |  |                   |            |  |                      |   |           |        |  |  |            |  |  |       |           
|Available authorization as of August 31, 2004 |  |                   |            |  |                      |   | 61,578    |        |  |  |            |  |  |       | 224,404    |   |  |   | 285,982    |  
|Purchases and redemptions(1)                  |  |                   | 20,566,470 |  |                      |   | (480,470  | )      |  |  | 45,147,483 |  |  |       | (1,103,291 | ) |  |   | (1,583,761 | )
|Additional authorizations(2)                  |  |                   |            |  |                      |   | 1,000,000 |        |  |  |            |  |  |       | 2,000,000  |   |  |   | 3,000,000  |  
|                                              |  |                   |            |  |                      |   |           |        |  |  |            |  |  |       |           
|Available authorization as of August 31, 2005 |  |                   |            |  |                      |   | 581,108   |        |  |  |            |  |  |       | 1,121,113  |   |  |   | 1,702,221  |  
|Purchases and redemptions(3)                  |  |                   | 3,491,500  |  |                      |   | (102,769  | )      |  |  | 43,301,787 |  |  |       | (1,179,219 | ) |  |   | (1,281,988 | )
|Additional authorizations(4)                  |  |                   |            |  |                      |   | 500,000   |        |  |  |            |  |  |       | 1,000,000  |   |  |   | 1,500,000  |  
|                                              |  |                   |            |  |                      |   |           |        |  |  |            |  |  |       |           
|Available authorization as of August 31, 2006 |  |                   |            |  |                      | $ | 978,339   |        |  |  |            |  |  | $     | 941,894    |   |  | $ | 1,920,233  |  
|                                              |  |                   |            |  |                      |   |           |        |  |  |            |  |  |       |           




|    |                                                                                              
|--- | ---------------------------------------------------------------------------------------------
|(1) | Other Share Purchase Programs include the following purchase
    activity during fiscal 2005:



| |   |                                                                                                                                                                                                                                        
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 44,105,764 Accenture SCA Class I common shares redeemed or
    purchased for a total cash outlay of $1,077,736 and 643,325
    Accenture Canada Holdings Inc. exchangeable shares purchased for
    a total cash outlay of $15,719; and
|
| |  | 398,394 shares purchased through the RSU Sell-Back Program
    for a total cash outlay of $9,836.                                                                                                                                      



|    |                                                                                                                                                                                                                                                                              
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | On October 15, 2004, an additional $1,000,000 was
    authorized for purchase under the Companys open-market
    share purchase program and an additional $2,000,000 was
    authorized for redemptions and purchases under the
    Companys other share purchase programs.
|   
|(3) | Other Share Purchase Programs include the following purchase
    activity during fiscal 2006:                                                                                                                                                                                



| |   |                                                                                                                                                                                                                                  
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 31,416,894 Accenture SCA Class I common shares redeemed or
    purchased for a total cash outlay of $917,705 and 421,194
    Accenture Canada Holdings Inc. exchangeable shares purchased for
    a total cash outlay of $12,130;
|
| |  | 11,231,941 Accenture Ltd Class A common shares purchased
    for an aggregate purchase price of $242,725; and                                                                                                                    

F-43



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 231,758 shares purchased through the RSU Sell-Back Program
    whereby the Company offers to purchase Accenture Ltd
    Class A common shares awarded to employees pursuant to
    restricted share units issued in connection with its initial
    public offering for a total cash outlay of $6,659. The RSU
    Sell-Back Program was terminated, effective March 1, 2006.
    All remaining funding authorizations for the RSU Sell-Back
    Program were reallocated and made available for use in the
    Companys other share purchase programs.



|    |                                                                                                                                                                                                                                                                          
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(4) | On March 24, 2006, an additional $500,000 was authorized
    for purchase under the Companys open-market share purchase
    program and an additional $1,000,000 was authorized for
    redemptions and purchases under the Companys other share
    purchase programs.







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




Other Share Purchase Programs






F-44



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Dividend








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



|                                   |  |            |         |  |      |   |         |      |  |   |         | 
|---------------------------------- |  | ---------- | ------- |  | ---- | - | ------- | ---- |  | - | ------- | 
|                                   |  | August 31, |        
|                                   |  |            |        
|                                   |  | 2006       |         |  | 2005 |   |         | 2004 | 
|                                   |  |            |         |  |      |   |         |      | 
|Rental expense                     |  | $          | 413,722 |  |      | $ | 371,554 |      |  | $ | 287,559 | 
|Sublease income from third parties |  | $          | 29,249  |  |      | $ | 23,485  |      |  | $ | 22,806  | 

F-45



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|           |  |           |           |  |           |   |          |  
|---------- |  | --------- | --------- |  | --------- | - | -------- | -
|           |  | Operating |           |  | Operating |  
|           |  | Lease     |           |  | Sublease  |  
|           |  | Payments  |           |  | Income    |  
|           |  |           |           |  |           |  
|2007       |  | $         | 338,075   |  |           | $ | (18,657  | )
|2008       |  |           | 286,959   |  |           |   | (28,589  | )
|2009       |  |           | 230,316   |  |           |   | (30,444  | )
|2010       |  |           | 192,327   |  |           |   | (29,051  | )
|2011       |  |           | 178,513   |  |           |   | (30,208  | )
|Thereafter |  |           | 986,479   |  |           |   | (143,037 | )
|           |  |           |           |  |           |  
|           |  | $         | 2,212,669 |  |           | $ | (279,986 | )
|           |  |           |           |  |           |  



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

Guarantees








F-46



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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






The NHS Contracts




F-47



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




Legal Contingencies






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

Disclosures about Segments of an Enterprise and Related
Information






|                               |  |           |           |  |           |   |           |            |  |   |           |  |  |           |           |  |       |   |           |       |  |   |        |  |  |   |            | 
|------------------------------ |  | --------- | --------- |  | --------- | - | --------- | ---------- |  | - | --------- |  |  | --------- | --------- |  | ----- | - | --------- | ----- |  | - | ------ |  |  | - | ---------- | 
|Year Ended August 31:          |  |           |           |  |           |   |           |            |  |   |           |  |  |          
|                               |  | Comm. &   |           |  | Financial |   |           |            |  |   |           |  |  |           |           | 
|2006                           |  | High Tech |           |  | Services  |   |           | Government |  |   | Products  |  |  | Resources |           |  | Other |   |           | Total | 
|                               |  |           |           |  |           |   |           |            |  |   |           |  |  |           |           |  |       |   |           |       | 
|Revenues before reimbursements |  | $         | 4,177,061 |  |           | $ | 3,558,147 |            |  | $ | 2,221,121 |  |  | $         | 4,010,698 |  |       | $ | 2,665,778 |       |  | $ | 13,586 |  |  | $ | 16,646,391 | 
|Depreciation(1)                |  |           | 58,307    |  |           |   | 57,437    |            |  |   | 60,421    |  |  |           | 47,350    |  |       |   | 43,339    |       |  |   |       |  |  |   | 266,854    | 
|Operating income               |  |           | 630,502   |  |           |   | 387,786   |            |  |   | 83,416    |  |  |           | 399,853   |  |       |   | 339,502   |       |  |   |       |  |  |   | 1,841,059  | 
|Assets at August 31(2)         |  |           | 550,333   |  |           |   | 86,733    |            |  |   | 528,415   |  |  |           | 357,364   |  |       |   | 316,399   |       |  |   | 21,239 |  |  |   | 1,860,483  | 

|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |         |  |  |   |            | 
|------------------------------ |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | ------- |  |  | - | ---------- | 
|2005                           |  |   |           |  |  |   |           |  |  |   |           |  |  |  
|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |  
|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  | 

F-48



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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


|                               |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |           |  |  |   |         |  |  |   |            | 
|------------------------------ |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | --------- |  |  | - | ------- |  |  | - | ---------- | 
|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  | 




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





|                                        |  |                       |        |  |      |   |        |      |  |   |         |  
|--------------------------------------- |  | --------------------- | ------ |  | ---- | - | ------ | ---- |  | - | ------- | -
|                                        |  | Year Ended August 31, |       
|                                        |  |                       |       
|Increase (Decrease) to Operating Income |  | 2006                  |        |  | 2005 |   |        | 2004 | 
|                                        |  |                       |        |  |      |   |        |      | 
|Communications & High Tech              |  | $                     | 12,609 |  |      | $ | 21,274 |      |  | $ | (7,230  | )
|Financial Services                      |  |                       | 11,864 |  |      |   | 20,643 |      |  |   | (6,403  | )
|Government                              |  |                       | 4,618  |  |      |   | 13,335 |      |  |   | (4,247  | )
|Products                                |  |                       | 10,523 |  |      |   | 21,019 |      |  |   | (6,356  | )
|Resources                               |  |                       | 8,352  |  |      |   | 12,986 |      |  |   | (4,655  | )
|                                        |  |                       |        |  |      |   |        |      | 
|Total                                   |  | $                     | 47,966 |  |      | $ | 89,257 |      |  | $ | (28,891 | )
|                                        |  |                       |        |  |      |   |        |      | 



|                               |  |          |           |  |         |   |           |              |  |   |           |  |  |   |            | 
|------------------------------ |  | -------- | --------- |  | ------- | - | --------- | ------------ |  | - | --------- |  |  | - | ---------- | 
|Year Ended August 31:          |  | Americas |           |  | EMEA(1) |   |           | Asia Pacific |  |   | Total     | 
|                               |  |          |           |  |         |   |           |              |  |   |           | 
|2006                           |  |          |           |  |         |   |           |              |  |   |           |  |  |   |            | 
|                               |  |          |           |  |         |   |           |              |  |   |           | 
|Revenues before reimbursements |  | $        | 7,741,139 |  |         | $ | 7,643,712 |              |  | $ | 1,261,540 |  |  | $ | 16,646,391 | 
|Reimbursements                 |  |          | 824,750   |  |         |   | 637,152   |              |  |   | 120,073   |  |  |   | 1,581,975  | 
|Revenues                       |  |          | 8,565,889 |  |         |   | 8,280,864 |              |  |   | 1,381,613 |  |  |   | 18,228,366 | 
|Long-lived assets at August 31 |  |          | 330,185   |  |         |   | 247,944   |              |  |   | 149,563   |  |  |   | 727,692    | 
|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    | 




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

F-49



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|               |  |            |    |   |      |  |    |      |  |  |    |  
|-------------- |  | ---------- | -- | - | ---- |  | -- | ---- |  |  | -- | -
|               |  | August 31, |   
|               |  |            |   
|               |  | 2006       |    |   | 2005 |  |    | 2004 | 
|               |  |            |    |   |      |  |    |      | 
|United States  |  |            | 39 | % |      |  | 37 | %    |  |  | 39 | %
|United Kingdom |  |            | 13 |   |      |  | 17 |      |  |  | 16 |  



|               |  |            |    |   |      |  |    |      |  |  |    |  
|-------------- |  | ---------- | -- | - | ---- |  | -- | ---- |  |  | -- | -
|               |  | August 31, |   
|               |  |            |   
|               |  | 2006       |    |   | 2005 |  |    | 2004 | 
|               |  |            |    |   |      |  |    |      | 
|United States  |  |            | 40 | % |      |  | 34 | %    |  |  | 37 | %
|United Kingdom |  |            | 13 |   |      |  | 20 |      |  |  | 12 |  
|India          |  |            | 11 |   |      |  | 10 |      |  |  | 9  |  



|               |                                |                       |           |            |      |   |           |            |  |   |           |            | 
|-------------- | ------------------------------ | --------------------- | --------- | ---------- | ---- | - | --------- | ---------- |  | - | --------- | ---------- | 
|               |                                | Year Ended August 31, |          
|               |                                |                       |          
|               |                                | 2006                  |           |            | 2005 |   |           | 2004       | 
|               |                                |                       |           |            |      |   |           |            | 
|Consulting     |                                | $                     | 9,892,128 |            |      | $ | 9,559,157 |            |  | $ | 8,589,645 |           
|Outsourcing    |                                |                       | 6,754,263 |            |      |   | 5,987,872 |            |  |   | 5,083,918 |           
|               |                                |                       |           |            |      |   |           |            | 
|               | Revenues before reimbursements |                       |           | 16,646,391 |      |   |           | 15,547,029 |  |   |           | 13,673,563 | 
|Reimbursements |                                |                       | 1,581,975 |            |      |   | 1,547,391 |            |  |   | 1,440,019 |           
|               |                                |                       |           |            |      |   |           |            | 
|               | Revenues                       |                       | $         | 18,228,366 |      |   | $         | 17,094,420 |  |   | $         | 15,113,582 | 
|               |                                |                       |           |            |      |   |           |            | 

F-50



---



##### 



ACCENTURE LTD


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
(continued)


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




|    |                           
|--- | --------------------------
|17. | QUARTERLY DATA (unaudited)

|                                        |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |   |            |             | 
|--------------------------------------- | --------- | ------- | --------- | ----------- | ------- | - | --------- | ----------- |  | - | --------- | ----------- |  | ------ | --------- | ----------- |  | - | ---------- | ----------- | 
|                                        |           | First   |           |             | Second  |   |           | Third       |  |   | Fourth    |             |  |       
|Year Ended August 31, 2006              |           | Quarter |           |             | Quarter |   |           | Quarter     |  |   | Quarter   |             |  | Annual |          
|                                        |           |         |           |             |         |   |           |             |  |   |           |             |  |        |          
|Revenues before reimbursements          |           | $       | 4,169,475 |             |         | $ | 4,102,795 |             |  | $ | 4,408,069 |             |  | $      | 3,966,052 |             |  | $ | 16,646,391 |            
|Reimbursements                          |           |         | 373,541   |             |         |   | 388,317   |             |  |   | 397,258   |             |  |        | 422,859   |             |  |   | 1,581,975  |            
|Revenues                                |           |         | 4,543,016 |             |         |   | 4,491,112 |             |  |   | 4,805,327 |             |  |        | 4,388,911 |             |  |   | 18,228,366 |            
|Operating income                        |           |         | 512,556   |             |         |   | 137,312   |             |  |   | 690,124   |             |  |        | 501,067   |             |  |   | 1,841,059  |            
|Net income                              |           | $       | 214,940   |             |         | $ | 69,680    |             |  | $ | 342,264   |             |  |        | 346,445   |             |  | $ | 973,329    |            
|Earnings per Class A common share:      |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |   |            |            
|                                        |  Basic   |         | $         | 0.37        |         |   | $         | 0.12        |  |   | $         | 0.58        |  |        | $         | 0.58        |  |   | $          | 1.65        | 
|                                        |  Diluted |         | $         | 0.36        |         |   | $         | 0.11        |  |   | $         | 0.56        |  |        | $         | 0.56        |  |   | $          | 1.59        | 
|Weighted average Class A common shares: |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |   |            |            
|                                        |  Basic   |         |           | 586,267,569 |         |   |           | 585,674,656 |  |   |           | 589,933,994 |  |        |           | 592,545,040 |  |   |            | 589,099,824 | 
|                                        |  Diluted |         |           | 913,640,289 |         |   |           | 892,439,424 |  |   |           | 886,889,939 |  |        |           | 880,535,375 |  |   |            | 893,810,585 | 
|Common stock price per share:           |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |   |            |            
|                                        |  High    |         | $         | 28.63       |         |   | $         | 33.05       |  |   | $         | 32.94       |  |        | $         | 29.66       |  |   | $          | 33.05       | 
|                                        |  Low     |         | $         | 24.45       |         |   | $         | 28.02       |  |   | $         | 26.17       |  |        | $         | 25.68       |  |   | $          | 24.45       | 

|                                        |           |         |           |             |         |   |           |             |  |   |           |             |  |        |           |             |  |   |            |             | 
|--------------------------------------- | --------- | ------- | --------- | ----------- | ------- | - | --------- | ----------- |  | - | --------- | ----------- |  | ------ | --------- | ----------- |  | - | ---------- | ----------- | 
|                                        |           | First   |           |             | Second  |   |           | Third       |  |   | Fourth    |             |  |       
|Year Ended August 31, 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 |         |           | 980,623,940 |         |   |           | 980,080,181 |  |   |           | 952,292,398 |  |        |           | 931,041,385 |  |   |            | 960,853,814 | 
|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-51