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

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended August 31, 2008ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934 for the transition period
    from          to          .   Commission File Number:
    001-16565
      ACCENTURE LTD
 (Exact name of registrant as
    specified in its charter)
  Bermuda

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

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

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

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

Accelerated
    filer o

Non-accelerated
    filer o
    (Do not check if a smaller reporting company)

Smaller reporting
    company o   Rule 12b-2 o þ
      DOCUMENTS
    INCORPORATED BY REFERENCE




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##### 





TABLE OF
    CONTENTS
  PagePart IItem 1.

Business


1Item 1A.

Risk Factors


22Item 1B.

Unresolved Staff Comments


38Item 2.

Properties


38Item 3.

Legal Proceedings


38Item 4.

Submission of Matters to a Vote of Security
    Holders


39Part IIItem 5.

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


42Item 6.

Selected Financial Data


45Item 7.

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


46Item 7A.

Quantitative and Qualitative Disclosures about
    Market Risk


70Item 8.

Financial Statements and Supplementary Data


71Item 9.

Changes in and Disagreements With Accountants on
    Accounting and Financial Disclosure


71Item 9A.

Controls and Procedures


71Item 9B.

Other Information


72Part IIIItem 10.

Directors, Executive Officers and Corporate
    Governance


73Item 11.

Executive Compensation


73Item 12.

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


73Item 13.

Certain Relationships and Related Transactions,
    and Director Independence


74Item 14.

Principal Accounting Fees and Services


74Part IVItem 15.

Exhibits, Financial Statement Schedules


74SignaturesEX-10.10EX-10.11EX-10.12EX-10.15EX-21.1EX-23.1EX-23.2EX-31.1EX-31.2EX-32.1EX-32.2EX-99.1




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




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##### Table of Contents



end-to-end
  Consulting,
    Technology and Outsourcing Services and Solutions
        Operating
    Groups
    Operating GroupsCommunications

Financial& High Tech

Services

Products

Public Service

Resources   Communications

   Banking

   Automotive

   Public Service

   Chemicals   Electronics &
        High Tech

   Capital
        Markets

   Consumer Goods &
        Services



   Energy
       Natural Resources   Media &

   Insurance

   Health & Life



   UtilitiesEntertainment



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




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Communications &
    High Tech    
    Communications.  Our Communications
    industry group serves many of the worlds leading wireline,
    wireless, cable and satellite communications network operators
    and service providers. We provide a wide range of services
    designed to help our communications clients increase margins,
    improve asset utilization, improve customer retention, increase
    revenues, reduce overall costs and accelerate sales cycles. We
    offer a suite of reusable solutions, called Accenture
    Communications Solutions, designed to address major business and
    operational issues related to broadband and Internet
    protocol-based networks and services, including business
    intelligence, billing transformation, customer contact
    transformation, sales force transformation, service fulfillment
    and next-generation network optimization. Our Communications
    industry group represented approximately 61% of our
    Communications & High Tech operating groups net
    revenues in fiscal 2008.
    Electronics & High Tech.  Our
    Electronics & High Tech industry group serves the
    communications technology, consumer technology, enterprise
    technology, semiconductor, software and aerospace/defense
    segments. This industry group provides services in areas such as
    strategy, enterprise resource management, customer relationship
    management, supply chain management, software development, human
    performance, and merger/acquisition activities, including
    post-merger integration. We also offer a suite of reusable
    solutions, called Accenture High Tech Solutions, designed to
    address the industrys major business and operational
    challenges, such as new product innovation and development,
    customer service and support, sales and marketing, and
    globalization. Our Electronics & High Tech industry
    group represented approximately 30% of our
    Communications & High Tech operating groups net
    revenues in fiscal 2008.
    Media & Entertainment.  Our
    Media & Entertainment industry group serves the
    broadcast, entertainment (television, music and movie), print,
    publishing and portal industries. Professionals in this industry
    group provide a wide range of services, including digital
    content solutions designed to help companies effectively manage,
    distribute and protect content across numerous media channels.
    These include Accenture Digital Media Services, which provide a
    comprehensive solution set to leading content owners and
    distributors, helping them adapt their organizations
    business processes and systems to stay ahead of the demand for
    digital content and services. 3




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Financial
    Services
    
    Banking.  Our Banking industry group
    works with retail and commercial banks and diversified financial
    enterprises. We help these organizations develop and execute
    strategies to target, acquire and retain customers more
    effectively, expand product and service offerings, comply with
    new regulatory initiatives, and leverage new technologies and
    distribution channels. Our Banking industry group represented
    approximately 56% of our Financial Services operating
    groups net revenues in fiscal 2008.
    Capital Markets.  Our Capital Markets
    industry group helps investment banks, broker/dealers,
    asset-management firms, depositories, clearing organizations and
    exchanges improve operational efficiency and transform their
    businesses to increase competitiveness. For example, we help
    clients develop and implement innovative trading,
    asset-management and market-information-management systems and
    solutions.
    Insurance.  Our Insurance industry group
    helps property and casualty insurers, life insurers, reinsurance
    firms and insurance brokers improve business processes,
    modernize their technologies and improve the quality and
    consistency of risk selection decisions. Our Insurance industry
    group offers a claims management capability that enables
    insurers to provide better customer service while optimizing
    claims costs, as well as industry-leading insurance policy
    administration technology solutions that enable insurers to
    bring products to market more quickly and reduce costs. We also
    provide a variety of outsourced solutions to help insurers
    improve working capital and cash flow, deliver permanent cost
    savings and enhance long-term growth.  Products
    
    Automotive.  Our Automotive industry
    group works with auto manufacturers, suppliers, dealers,
    retailers and service providers. Professionals in this industry
    group help clients develop and implement innovative solutions
    focused on product development and commercialization, customer
    service and retention, channel strategy and management,
    branding, buyer-driven business models, cost reduction, customer
    relationship management and integrated supplier partnerships.
    Consumer Goods &
    Services.  Our Consumer Goods &
    Services industry group serves food, beverage, household goods
    and personal care, tobacco and footwear/apparel manufacturers
    around the world. We add value to these companies through
    service offerings designed to enhance performance by addressing
    critical elements of success, including large-scale enterprise
    resource planning (ERP) strategy and implementation, sales and
    marketing transformation, working-capital productivity
    improvement, supply chain collaboration and post-merger
    integration. 4




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




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Resources
    
    Chemicals.  Our Chemicals industry group
    works with a wide cross-section of industry segments, including
    petrochemicals, specialty chemicals, polymers and plastics,
    gases and life science companies. We also have long-term
    outsourcing contracts with many industry leaders.
    Energy.  Our Energy industry group
    serves a wide range of companies in the oil and gas industry,
    including upstream, downstream and oil services companies. Our
    key areas of focus include helping clients optimize production,
    manage the hydrocarbon supply chain, streamline retail
    operations and realize the full potential of third-party
    enterprise-wide technology solutions. In addition, our
    multi-client outsourcing centers enable clients to increase
    operational efficiencies and exploit cross-industry synergies.
    Our Energy industry group represented approximately 30% of our
    Resources operating groups net revenues in fiscal 2008.
    Natural Resources.  Our Natural
    Resources industry group serves the forest products and metals
    and mining industries. We help lumber, pulp, papermaking,
    converting and packaging companies, as well as iron, steel,
    aluminum, coal, copper and precious metals companies, develop
    and implement new business strategies, redesign business
    processes, manage complex change initiatives, and integrate
    processes and technologies to achieve higher levels of
    performance.
    Utilities.  Our Utilities industry group
    works with electric, gas and water utilities around the world to
    respond to an evolving and highly competitive marketplace. The
    groups work includes helping utilities transform
    themselves from regulated, and sometimes state-owned, local
    entities to international deregulated corporations, as well as
    developing diverse products and service 6




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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 41% of our Resources operating
    groups net revenues in fiscal 2008.  Growth
    Platforms
    Management
    Consulting
    
    Customer Relationship Management.  The
    professionals in our Customer Relationship Management
    (CRM) service line help companies acquire, develop
    and retain more profitable customer relationships. We offer a
    full range of innovative capabilities that address every aspect
    of CRM, including marketing, direct and indirect sales, customer
    service, field support and customer contact operations. These
    capabilities include rigorous approaches to improving the return
    on marketing investment, methods for building insight into
    customers purchase habits and service preferences,
    tailoring offers and service treatment based upon that insight,
    and unique methods of optimizing the quality, cost and revenue
    impact of sales and service operations. We use these skills to
    help our clients accelerate growth, improve marketing and sales
    productivity and reduce customer-care coststhus increasing
    the value of their customer relationships and enhancing the
    economic value of their brands.
    Finance & Performance
    Management.  The professionals in our
    Finance & Performance Management service line work
    with our clients finance and business-unit executives to
    develop financial transaction processing, risk management and
    business performance reporting capabilities. Among the services
    we provide are strategic consulting on the design and structure
    of the finance function; the establishment of shared service
    centers; and the configuration of enterprise resource planning
    platforms for streamlining transaction processing. Our finance
    capability services also address revenue cycle management,
    billing, credit risk and collection effectiveness, electronic
    invoicing and settlement, tax processing, lending and debt
    recovery. Our performance management services address
    shareholder value targeting, scorecard and performance metrics
    development, performance reporting solutions and applied
    business analytics to improve profitability. Our professionals
    often utilize the resources of Accenture Finance Solutions, one
    of our business process outsourcing (BPO)
    businesses, and work with finance executives to develop and
    implement solutions that help them align their companies
    investments with their business objectives and establish
    security relating to the exchange of information to reporting
    institutions.
    Talent & Organization
    Performance.  The professionals in our
    Talent & Organization Performance (formerly known as
    Human Performance) service line work with clients on
    a wide range of talent management, workforce and organizational
    issues to deliver improved business and operational results. Our
    integrated approach and
    end-to-end
    capabilities include 7




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services and solutions in organization and change management,
    human resources (HR) administration, learning,
    knowledge management, organizational performance management,
    talent management, HR information technology (IT)
    systems implementation and overall transformation of key
    workforces. 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.  
    Process & Innovation
    Performance.  The Process &
    Innovation Performance service line, established in September
    2008, helps clients achieve measurable, lasting improvements in
    operational performance, innovation performance and growth.
    Taking an
    end-to-end,
    process-based approach, professionals in this service line help
    clients address key business challenges such as complexity
    management, lean manufacturing and operations, process
    innovation, strategic cost reduction and growth through
    innovation. The service line is based on the capabilities and
    offerings that we gained with our 2007 acquisition of George
    Group, which specializes in process, operational and business
    transformation (including Lean Six Sigma) and innovation
    strategy.
    Strategy.  Our Strategy professionals
    combine their strategy and operations experience to help our
    clients turn insights into results at both the enterprise and
    business-unit
    level. With deep skills and capabilities in corporate strategy,
    corporate restructuring, growth and innovation strategies,
    mergers and acquisitions, merger integration, organization
    strategy, pricing strategy and profitability assessment, we help
    clients developand executepragmatic solutions that
    transform organizations and drive sustained high performance.
    Supply Chain Management.  The
    professionals in our Supply Chain Management service line work
    with clients across a broad range of industries to develop and
    implement supply chain and operations strategies that enable
    profitable growth in new and existing markets. Our professionals
    combine global industry expertise and skills in supply chain
    strategy, sourcing and procurement, supply chain planning,
    manufacturing and design, fulfillment and service management to
    help organizations achieve high performance. We work with
    clients to implement innovative consulting and outsourcing
    solutions that align operating models to support business
    strategies; optimize global operations; support profitable
    product launches; and enhance the skills and capabilities of the
    supply chain workforce.  Systems
    Integration and Technology
    Systems
    Integration
    
    Enterprise Solutions and Enterprise Resource
    Planning.  We implement a variety of
    application softwareincluding SAP and Oracle, among
    othersto streamline business processes, systems and
    information and help organizations access, manage and exploit
    data to make more-informed business decisions. Our skilled
    professionals provide planning, implementation, change
    management and upgrade solutions across the primary application
    software product suites that underpin all major business
    functions.
    Industry and Functional
    Solutions.  Accenture provides clients with
    robust, large-scale industry and functional solutions based on
    proprietary reusable assets, aggregated into industry 8




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solutions, such as the Accenture Communications Solutions suite
    and the Accenture Revenue Solution suite for tax offices, as
    well as solutions for major industry-specific requirements. We
    also provide specialized services and solutions to support
    specific business functions, including finance and planning,
    customer relationship management, supply chain and human
    resource management.  
    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.
    Our services include business intelligence as well as
    unstructured content management and portals; data management and
    data quality solutions; and information architecture
    development. Our information management assets complement and
    are embedded in our industry and functional solutions.
    Service-Oriented Architecture.  We help
    CIOs and business leaders use service-oriented architecture to
    enable improvement in IT efficiency and a more effective
    alignment between business processes and applications. Accenture
    guides organizations through a four-phased approach for
    designing and building flexible IT solutions that enable
    business process components to be assembled and used more
    efficiently to deliver distinctive business services and
    capabilities for higher performance.
    Custom Solutions.  With deep skills and
    expertise in both J2EE (Java-based) and .NET technology
    architectures, we work with clients to develop custom solutions
    that meet unique business needs, often using open-source
    technology products and platforms.
    Software as a Service (SaaS).  We help
    clients implement SaaS solutions to meet their business needs
    with the added benefits of increasing flexibility and reducing
    total cost of ownership. Our services include requirements
    definition, design, configuration, testing, change management,
    data conversion and integration.
    Mobility Solutions.  We help clients
    develop solutions that give their workforces access to key
    enterprise applicationsincluding online trading and wealth
    management, supply chain management, telematics, radio frequency
    identification, field force enablement and customer relationship
    managementthrough mobile devices
    and/or the
    Internet. These solutions enable clients to improve efficiency,
    lower costs, enhance differentiation and ensure compliance.
    Microsoft Solutions.  Together with our
    alliance partner Microsoft and our Avanade subsidiary, we
    develop and deliver cost-efficient, innovative business
    solutions based on Microsoft Windows Server and other .NET
    technologies, leveraging our deep industry expertise and
    practical applications of leading-edge technologies.  Technology
    Consulting
    
    IT Strategy &
    Transformation.  We help CEOs and CIOs link IT
    investments to business results and help manage those
    investments to ensure that planned business impact is achieved.
    We also help CIOs transform how IT works, both internally and
    with business partners, so that IT is run like a
    business to deliver high performance.
    Enterprise Architecture.  We provide
    solutions that integrate IT with business capabilities to
    provide a seamless operating environment for organizations. Our
    solutions provide a reference point for measuring both IT
    investment and results, creating the delivery roadmap that
    defines how IT systems need to change to drive future business
    growth and higher performance. 9




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
    Infrastructure Consulting.  We provide
    solutions to help organizations optimize their IT
    infrastructures while reducing costs. From data center,
    operations engineering and enterprise network design and
    implementation to desktop solutions, our services enable clients
    to rationalize, standardize, optimize, secure and transform
    their IT infrastructures for improved performance of
    mission-critical business processes, applications and end users.
    Security Consulting.  Our solutions help
    organizations forge secure business environments that enable
    them to grow their capabilities and become more agile in
    response to changing market forces and evolving threatsall
    without incurring additional complexity. Working with us, our
    clients are better able to secure data and applications, protect
    identities, address threats and vulnerabilities, and meet
    stringent compliance demands while reducing costs and improving
    efficiency.
    Application Portfolio Optimization and
    Renewal.  We specialize in defining and
    executing strategies that transform our clients
    application portfolios into rationalized, flexible,
    cost-efficient and reliable assets. Our services and solutions
    help clients define and implement innovative approaches to
    extending the useful life of legacy applications at a
    significantly reduced cost compared with replacement, rapidly
    turning around non-performing systems and migrating custom
    solutions written in vintage languages or hosted on retiring
    platforms to more modern, sustainable solutions. Our
    capabilities combine deeply skilled professionals with a suite
    of renewal tools that accelerate and automate the portfolio
    optimization process.
    Digital Solutions.  We provide clients
    with solutions that move more of their business and internal
    operations online to improve productivity, manage costs and
    drive revenue growth. We work with our clients to help define
    their online strategies, improve customer experiences and
    identify areas for website optimization. We also help clients
    incorporate next-generation digital technologysuch as
    wikis, blogs, crowd-sourcing and
    mash-ups,
    among othersto create significant opportunities for
    collaboration and sharing with their employees, suppliers and
    customers.
    Research &
    Development.  Through Accenture Technology
    Labsour research and development organizationwe use
    new and emerging technologies to develop business solutions that
    we believe will be the drivers of our clients growth and
    enable them to be first to market with unique capabilities. Key
    areas of research and development for clients include
    information insight, collaboration, biometrics, virtualized
    infrastructures, predictive maintenance, Web 2.0, cloud
    computing and sensor technologies, among others.
    Microsoft Solutions.  Together with our
    alliance partner Microsoft and our Avanade subsidiary, we design
    and provide cost-efficient, innovative business solutions based
    on Microsoft Windows Server and other .NET technologies,
    leveraging our deep industry expertise and practical
    applications of leading-edge technologies.  Outsourcing
    Application
    Outsourcing
   10




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end-to-end
  Infrastructure
    Outsourcing
    
    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Help desk, single point of contact for
    support and online portal services to resolve frontline issues;
    Security servicesIdentity management, intrusion and
    firewall protection, end-user device and messaging security, and
    policy and awareness;
    Network 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.    Business
    Process Outsourcing
     11




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Global
    Delivery Model
  foreign-language
    end-to-end
    Alliances
   12




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Research
    and Innovation
      Employees
      Competition
    
    Off-shore service providers in lower-cost locations,
    particularly Indian providers, that offer services similar to
    those we offer, often at highly competitive prices; 13




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
    Large multinational providers, including the service arms of
    large global technology providers, that offer some or all of the
    consulting, systems integration and technology, and outsourcing
    services that we do;
    Niche solution or service providers that compete with us in a
    specific geographic market, industry segment or service area,
    including companies that provide new or alternative products,
    services or delivery models; and
    Accounting firms that are expanding or re-emphasizing their
    provision of consulting services.    Fortune Fortune
  
    skills and capabilities of people;
    innovative service and product offerings;
    ability to add value;
    reputation and client references;
    price;
    scope of services;
    service delivery approach;
    technical and industry expertise;
    quality of services and solutions;
    ability to deliver results on a timely basis;
    availability of appropriate resources; and
    global reach and scale.    Intellectual
    Property
    non-U.S. patents emotion-based
 14




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Organizational
    Structure
        Accenture
    Ltd Class A Common Shares and Class X Common
    Shares
     15




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Accenture
    SCA Class I Common Shares
    one-for-one one-for-one de minimis de minimis de minimis. de minimis one-for-one
  Accenture
    SCA Class II and Class III Common Shares
   16




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sub-series
  sub-series
    Accenture
    Canada Holdings Inc. Exchangeable Shares
  one-for-one
  Restrictions
    on the Transfer of Certain Accenture Shares
  Accenture
    Ltd Bye-Laws  Covered Person Transfer
    Restrictions.
  Current senior executives.
 17




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Former senior executives.
  
    Notwithstanding the foregoing, covered persons retiring from
    Accenture at the age of 50 or older are permitted to transfer
    covered shares they own on an accelerated basis as follows:  Percentage of remainingtransfer restricted sharesAge at retirement

permitted to be transferred56 or older

100%55

87.5%54

75%53

62.5%52

50%51

37.5%50

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




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




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Term and Amendment.
  Waivers and Adjustments.
  
    participate as sellers in underwritten public offerings of
    common shares and tender and exchange offers and share purchase
    programs by Accenture;
    transfer covered shares in family or charitable
    transfers; and
    transfer covered shares in particular situations (for example,
    to immediate family members and trusts).    Other Restrictions. lock-up
  Administration and Resolution of Disputes.
  Transfer
    Schedule
   20




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##### Table of Contents



Total number of Accenture LtdClass A common shares, Accenture SCA Class Icommon shares and AccentureCanada Holdings Inc. exchangeableshares that are scheduled to becomeavailable for transfer after givingeffect to waivers2nd

    Quarter Fiscal 2009

5,178,1683rd

    Quarter Fiscal 2009

4,762,6254th Quarter

    Fiscal 2009

4,273,782     Total number of Accenture LtdClass A common shares, Accenture SCA Class Icommon shares and AccentureCanada Holdings Inc. exchangeableshares that are scheduled to becomeavailable for transfer after givingeffect to waivers2nd

    Quarter Fiscal 2009

14,667,8923rd

    Quarter Fiscal 2009

14,668,0604th Quarter

    Fiscal 2009

14,668,321   Senior
    Executive Ownership Requirements
  1 2
  Senior
    Executive Trading Policy
   21




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##### Table of Contents



ITEM 1A.
    RISK
    FACTORS    and/or
  Risks
    That Relate to Our Business
  Our
    results of operations could be adversely affected by economic
    and political conditions and the effects of these conditions on
    our clients businesses and levels of business
    activity.
    Our
    results of operations could be negatively affected if we cannot
    expand and develop our services and solutions in response to
    changes in technology and client demand.
    The
    consulting, systems integration and technology, and outsourcing
    markets are highly competitive, and we might not be able to
    compete effectively.
    
    Off-shore service providers in lower-cost locations,
    particularly Indian providers, that offer services similar to
    those we offer, often at highly competitive prices;
    Large multinational providers, including the service arms of
    large global technology providers, that offer some or all of the
    consulting, systems integration and technology, and outsourcing
    services that we do; 22




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
    Niche solution or service providers that compete with us in a
    specific geographic market, industry segment or service area,
    including companies that provide new or alternative products,
    services or delivery models; and
    Accounting firms that are expanding or re-emphasizing their
    provision of consulting services.        Our
    work with government clients exposes us to additional risks
    inherent in the government contracting
    environment.
    
    Government entities typically fund projects through appropriated
    monies. While these projects are often planned and executed as
    multi-year projects, the government entities usually reserve the
    right to change the scope of or terminate these projects for
    lack of approved funding and at their convenience. Changes in
    government or political developments could result in our
    projects being reduced in scope or terminated altogether.
    Government entities often reserve the right to audit our
    contract costs, including allocated indirect costs, and conduct
    inquiries and investigations of our business practices with
    respect to our government contracts. If the client finds that
    the costs are not reimbursable, then we will not be allowed to
    bill for them, or the cost must be refunded to the client if it
    has already been paid to us. Findings from an audit also may
    result in our being required to prospectively adjust previously
    agreed rates for our work and may affect our future margins.
    If a government client discovers improper or illegal activities
    in the course of audits or investigations, we may become subject
    to various civil and criminal penalties and administrative
    sanctions, which may include termination of contracts,
    forfeiture of profits, suspension of payments, fines and
    suspensions or debarment from doing business with other agencies
    of that government. The inherent limitations of internal
    controls may not prevent or detect all improper 23




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or illegal activities, regardless of their adequacy.
    Additionally, an allegation of improper activity, even if not
    proven, could result in adverse publicity and damage to our
    reputation and business.  
    Government contracts, and the proceedings surrounding them, are
    often subject to more extensive scrutiny and publicity than
    contracts with commercial clients. Negative publicity related to
    our government contracts, regardless of its accuracy, may
    further damage our business by affecting our ability to compete
    for new contracts.
    Political and economic factors such as pending elections, the
    outcome of recent elections, changes in leadership among key
    executive or legislative decision makers, revisions to
    governmental tax policies and reduced tax revenues can affect
    the number and terms of new government contracts signed.
    Terms and conditions of government contracts tend to be more
    onerous and are often more difficult to negotiate than those for
    commercial contracts.    Our
    business could be adversely affected if our clients are not
    satisfied with our services.
    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.
   24




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Our
    results of operations could be adversely affected if our clients
    terminate their contracts with us on short notice.
  project-by-project
    Outsourcing
    services are a significant part of our business and subject us
    to operational and financial risk.
     25




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Our
    results of operations may be affected by the rate of growth in
    the use of technology in business and the type and level of
    technology spending by our clients.
    Our
    profitability could suffer if we are not able to maintain
    favorable pricing rates.
    
    our clients perceptions of our ability to add value
    through our services;
    competition;
    introduction of new services or products by us or our
    competitors;
    our competitors pricing policies;
    our ability to charge higher prices where market demand or the
    value of our services justifies it;
    our ability to accurately estimate, attain and sustain contract
    revenues, margins and cash flows over long contract periods;
    procurement practices of clients and their use of third-party
    advisors;
    aggressive use by our competitors 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, business
    development, professional development and other non-chargeable
    activities. 26




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Our
    business could be negatively affected if we incur legal
    liability in connection with providing our solutions and
    services.
    If our
    pricing structures do not accurately anticipate the cost and
    complexity of performing our work, then our contracts could be
    unprofitable.
  time-and-materials
  Many
    of our contracts utilize performance pricing that links some of
    our fees to the attainment of various performance or business
    targets. This could increase the variability of our revenues and
    margins.
  agreed-upon
 27




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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.
  
    Because our consolidated financial statements are presented in
    U.S. dollars, we must translate revenues, expenses and
    income, as well as assets and liabilities, into
    U.S. dollars at exchange rates in effect during or at the
    end of each reporting period. Therefore, changes in the value of
    the U.S. dollar against other currencies will affect our
    net revenues, operating income and the value of balance-sheet
    items originally denominated in other currencies. Declines in
    the value of other currencies against the U.S. dollar could
    cause our consolidated earnings stated in U.S. dollars to
    be lower than our consolidated earnings in local currency and
    could affect our reported results when compared against other
    periods. Conversely, increases in the value of other currencies
    against the U.S. dollar could cause our consolidated
    earnings stated in U.S. dollars to be higher than our
    consolidated earnings in local currency and could affect our
    reported results when compared against other periods. There is
    no guarantee that our financial results will not be adversely
    affected by currency exchange rate fluctuations.
    In some countries we could be subject to strict restrictions on
    the movement of cash and the exchange of foreign currencies,
    which could limit our ability to use this cash across our global
    operations.
    As we continue to leverage our global delivery model, more of
    our expenses are incurred in currencies other than those in
    which we bill for the related services. An increase in the value 28




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of certain currencies, such as the Indian rupee, against the
    U.S. dollar could increase costs for delivery of services
    at off-shore sites by increasing labor and other costs that are
    denominated in local currency, and there can be no assurance
    that our contractual provisions or our currency hedging
    activities would offset this impact. This could result in a
    decrease in the profitability of our contracts that are
    utilizing delivery center resources.  International hostilities, terrorist activities, natural
    disasters and infrastructure disruptions could prevent us from
    effectively serving our clients and thus adversely affect our
    operating results.
  We could have liability or our reputation could be damaged if
    we do not protect client data or information systems or if our
    information systems are breached. and/or
  We could incur liability or our reputation could be damaged
    if our provision of services and solutions to our clients
    contributes to our clients internal control
    deficiencies.
 29




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Our global operations expose us to numerous and sometimes
    conflicting legal and regulatory requirements, and violation of
    these regulations could harm our
    business. and/or
  non-U.S. corporations
    Our
    profitability could suffer if we are not able to control our
    costs.
   30




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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 unbilled services, our
    results of operations and cash flows could be adversely
    affected.
  and/or
  Our
    services or solutions could infringe upon the intellectual
    property rights of others or we might lose our ability to
    utilize the intellectual property of others.
   31




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We
    have only a limited ability to protect our intellectual property
    rights, which are important to our success.
      New
    tax legislation or interpretations could lead to an increase in
    our tax burden.
  non-U.S. company
  Negative
    publicity related to Bermuda companies could affect our
    relationships with our clients.
   32




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If we
    are unable to manage the organizational challenges associated
    with our size and expansion, we might be unable to achieve our
    business objectives.
    We may
    not be successful at identifying, acquiring or integrating other
    businesses or technologies.
    Consolidation
    in the industries that we serve could adversely affect our
    business.
   33




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Our
    ability to attract and retain business may depend on our
    reputation in the marketplace.
    Risks
    That Relate to Ownership of Our Class A Common
    Shares
  The
    share price of Accenture Ltd Class A common shares could be
    adversely affected from time to time by sales, or the
    anticipation of future sales, of Class A common shares held
    by our employees and former employees.
    Our
    current and former employees hold a large number of shares that
    will become freely tradable in the periods before and after
    July 24, 2009
  and/or
 34




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Our
    Senior Executive Trading Policy might not be effective at
    limiting the number of shares sold
    The sale
    of shares issued under our 2001 Share Incentive Plan could
    have an adverse effect on our share price
    Calendar Year

Number of Shares2008


1,718,4862009


16,548,3272010


16,979,2772011


6,458,2622012 and after


12,455,472     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. 35




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
    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,
    travel, 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.
   36




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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.
     37




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##### Table of Contents



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 other businesses or technologies;
    repurchase shares from our shareholders;
    develop new services and solutions; or
    respond to competitive pressures.    ITEM 1B.
    UNRESOLVED
    STAFF COMMENTS    ITEM 2.
    PROPERTIES    ITEM 3.
    LEGAL
    PROCEEDINGS  and/or
  back-up
 38




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##### Table of Contents



and/or
  and/or
    ITEM 4.
    SUBMISSION
    OF MATTERS TO A VOTE OF SECURITY HOLDERS    Executive
    Officers of the Registrant
    Kevin Campbell,
 39




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##### Table of Contents



Gianfranco Casati,
  Martin I. Cole,
  Anthony G. Coughlan,
  Pamela J. Craig,
  Juan Domenech,
  Karl-Heinz Flöther,
  Mark Foster,
  Robert N. Frerichs,
  William D. Green,
 40




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##### Table of Contents



Pierre Nanterme
  Stephen J. Rohleder,
  Douglas G. Scrivner,
  Alexander M. vant Noordende,
 41




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##### Table of Contents



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


LowFiscal 2007First Quarter

$
35.17


$
28.28Second Quarter

$
39.25


$
33.45Third Quarter

$
41.19


$
34.28Fourth Quarter

$
44.03


$
37.25Fiscal 2008First Quarter

$
42.32


$
33.03Second Quarter

$
38.44


$
31.91Third Quarter

$
42.04


$
32.42Fourth Quarter

$
42.00


$
38.02Fiscal 2009First Quarter (through October 13, 2008)

$
43.04


$
24.76       Dividend
    Policy
       42




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


Value of Shares that MayPurchased as Part of


Yet Be Purchased UnderTotal Number of


Average Price


Publicly Announced


Publicly AnnouncedPeriod

Shares Purchased


Paid per Share(1)


Plans or Programs(2)


Plans or Programs(3)(in millions)June 1, 2008June 30, 2008Class A common shares













$
3,086Class X common shares














July 1, 2008July 31, 2008Class A common shares


656,162


$
38.79






$
2,558Class X common shares


14,730,993


$
0.0000225







August 1, 2008August 31, 2008Class A common shares













$
2,503Class X common shares


3,286,276


$
0.0000225







TotalClass A common shares(4)


656,162


$
38.79



Class X common shares(5)


18,017,269


$
0.0000225



    (1)
    
    Average price per share reflects
    the total cash outlay for the period, divided by the number of
    shares acquired, including those acquired by redemption or
    purchase and any acquired by means of employee forfeiture.(2)
    
    Since August 2001, the Board of
    Directors of Accenture Ltd has authorized and periodically
    confirmed a publicly announced open-market share purchase
    program for acquiring Accenture Ltd Class A common shares.
    During the fourth quarter of fiscal 2008, we did not purchase
    any Accenture Ltd Class A common shares under this program.
    The open-market purchase program does not have an expiration
    date.(3)
    
    As of August 31, 2008, our
    aggregate available authorization for share repurchases and
    redemptions was $2,503 million, which management has the
    discretion to use for either our publicly announced open-market
    share purchase program or our other share purchase programs. To
    date, the Board of Directors of Accenture Ltd has authorized an
    aggregate of $11.1 billion for repurchases and redemptions
    of Accenture Ltd Class A common shares, Accenture SCA
    Class I common shares or Accenture Canada Holdings Inc.
    exchangeable shares. This includes $3.0 billion authorized
    on October 25, 2007.(4)
    
    During the fourth quarter of fiscal
    2008, Accenture purchased 656,162 Accenture Ltd Class A
    common shares in transactions unrelated to publicly announced
    share plans or programs. These transactions consisted of
    acquisitions of Accenture Ltd Class A common shares via
    share withholding for payroll tax obligations due from employees
    and former employees in connection with the delivery of
    Accenture Ltd Class A common shares under our various
    employee equity share plans.(5)
    
    During the fourth quarter of fiscal
    2008, we redeemed 18,017,269 Accenture Ltd Class X common
    shares pursuant to our bye-laws. Accenture Ltd Class X
    common shares are redeemable at their par value of $0.0000225
    per share.  Purchases
    and redemptions of Accenture SCA Class I common shares and
    Accenture Canada Holdings Inc. exchangeable shares
   43




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Approximate DollarValue of SharesTotal Number of


that May Yet BeShares Purchased as


Purchased UnderPart of Publicly


PubliclyTotal Number of


Average Price


Announced Plans or


Announced PlansPeriod

Shares Purchased(1)


Paid per Share(2)


Programs


or Programs(3)Accenture SCAJune 1, 2008June 30, 2008Class I common shares














July 1, 2008July 31, 2008Class I common shares


13,000,148


$
40.12







August 1, 2008August 31, 2008Class I common shares


1,299,982


$
41.21







TotalClass I common shares(4)


14,300,130


$
40.22







Accenture Canada Holdings Inc.June 1, 2008June 30, 2008Exchangeable shares














July 1, 2008July 31, 2008Exchangeable shares


162,817


$
40.16







August 1, 2008August 31, 2008Exchangeable shares


40,784


$
40.85







TotalExchangeable shares


203,601


$
40.30







    (1)
    
    During the fourth quarter of fiscal
    2008, we acquired a total of 14,300,130 Accenture SCA
    Class I common shares and 203,601 Accenture Canada Holdings
    Inc. exchangeable shares from current and former senior
    executives and their permitted transferees. This includes
    acquisitions by means of redemption or purchase, or employee
    share forfeiture, as applicable.(2)
    
    Average price per share reflects
    the total cash outlay for the period, divided by the number of
    shares acquired, including those acquired by redemption or
    purchase and any acquired by means of employee forfeiture.(3)
    
    As of August 31, 2008, our
    aggregate available authorization for share repurchases and
    redemptions was $2,503 million, which management has the
    discretion to use for either our publicly announced open-market
    share purchase program or our other share purchase programs. To
    date, the Board of Directors of Accenture Ltd has authorized an
    aggregate of $11.1 billion for repurchases and redemptions
    of Accenture Ltd Class A common shares, Accenture SCA
    Class I common shares or Accenture Canada Holdings Inc.
    exchangeable shares. This includes $3.0 billion authorized
    on October 25, 2007.(4)
    
    In addition to the amounts included
    in this table, during the fourth quarter of fiscal 2008, we also
    redeemed a total of 7,066,139 Accenture SCA Class I common
    shares from current and former senior executives and their
    permitted transferees by issuing an equivalent number of
    Accenture Ltd Class A common shares. See
    Managements Discussion and Analysis of Financial
    Condition and Results of OperationsLiquidity and Capital
    ResourcesOther Share Redemptions.  Purchases
    and redemptions of Accenture SCA Class II and
    Class III common shares
   44




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ITEM 6.
    SELECTED
    FINANCIAL DATA    Year Ended August 31,2008


2007


2006(1)(2)


2005


2004(in millions)Income Statement Data:Revenues before reimbursements (Net revenues)

$
23,387


$
19,696


$
16,646


$
15,547


$
13,673Revenues


25,314



21,453



18,228



17,094



15,113Operating income


3,012



2,493



1,841



2,111



1,759Income before minority interest


2,197



1,723



1,433



1,509



1,223Net income


1,692



1,243



973



940



691    (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Results of Operations
    for the Year Ended August 31, 2007 Compared to Year Ended
    August 31, 2006.(2)
    
    Includes the impact of the adoption
    of Statement of Financial Accounting Standards No. 123R,
    Share-Based Payment.  Year Ended August 31,2008


2007


2006


2005


2004Earnings Per Class A Common Share:Basic

$
2.77


$
2.06


$
1.65


$
1.60


$
1.25Diluted


2.65



1.97



1.59



1.56



1.22Dividends per Common Share


0.42



0.35



0.30







   As of August 31,2008


2007


2006


2005


2004(in millions)Balance Sheet Data:Cash and cash equivalents

$
3,603


$
3,314


$
3,067


$
2,484


$
2,553Total assets


12,399



10,747



9,497



8,957



8,013Long-term debt, net of current portion


2



3



27



44



32Shareholders equity


2,541



2,063



1,894



1,697



1,472  45




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ITEM 7.
    MANAGEMENTS
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
    OPERATIONS  The following discussion and analysis should be read in
    conjunction with our Consolidated Financial Statements and
    related Notes included elsewhere in this Annual Report on
    Form 10-K.
    This discussion and analysis also contains forward-looking
    statements and should also be read in conjunction with the
    disclosures and information contained in Disclosure
    Regarding Forward-Looking Statements and Risk
    Factors in this Annual Report on
    Form 10-K.
  We use the terms 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 2008 means the
    12-month
    period that ended on August 31, 2008. All references to
    quarters, unless otherwise noted, refer to the quarters of our
    fiscal year.
  Overview
  and/or
           46




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and/or
          Bookings
    and Backlog
     48




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Critical
    Accounting Policies and Estimates
    Revenue
    Recognition
  time-and-materials
  81-1, Accounting for Performance of Construction Type and
    Certain Production-Type Contracts (SOP 81-1).
  Revenue
    Recognition in Financial
 49




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Statements Revenue Recognition
  time-and-materials
  set-up set-up set-up
  00-21, Accounting for Revenue Arrangements with Multiple
    Deliverables,
 50




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Income
    Taxes
         51




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Defined
    Benefit Pension Plans
    Employers Accounting for Defined Benefit Pension
    and Other Postretirement Plans, an amendment of FASB Statements
    No. 87, 106, and 132(R) Employers Accounting
    for Pensions,
    non-U.S. benefit
    Pension Benefits2009


2008


2007Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansDiscount rate


6.75
%


5.45
%


6.25
%


5.08
%


6.50
%


4.68
%Expected return on plan assets


7.50
%


5.86
%


7.50
%


5.97
%


7.50
%


5.67
%Rate of increase in future compensation


4.59
%


3.59
%


4.50
%


3.84
%


4.50
%


3.45
%  52




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Discount
    Rate
  non-U.S. Plans non-U.S. estimated
    Expected
    Return on Plan Assets
  non-U.S. plans
      Revenues
    by Segment/Operating Group
  and/or
 53




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Results
    of Operations for the Year Ended August 31, 2008 Compared
    to Year Ended August 31, 2007
    Percent of TotalPercent


Net RevenuesYear Ended


Percent


Increase


for the Year EndedAugust 31,


Increase


Local


August 31,2008


2007


U.S.$


Currency


2008


2007(in millions)OPERATING GROUPSCommunications & High Tech

$
5,450


$
4,600



18
%


10
%


23
%


23
%Financial Services


5,005



4,357



15



6



22



22Products


6,069



4,913



24



17



26



25Public Service


2,871



2,561



12



7



12



13Resources


3,963



3,243



22



14



17



17Other


29



22



n/m



n/m







TOTAL Net Revenues


23,387



19,696



19
%


11
%


100
%


100
%Reimbursements


1,927



1,757



10TOTAL REVENUES

$
25,314


$
21,453



18
%GEOGRAPHYAmericas

$
9,726


$
8,483



15
%


12
%


42
%


43
%EMEA


11,546



9,534



21



10



49



48Asia Pacific


2,115



1,679



26



15



9



9TOTAL Net Revenues

$
23,387


$
19,696



19
%


11
%


100
%


100
%TYPE OF WORKConsulting

$
14,117


$
11,856



19
%


11
%


60
%


60
%Outsourcing


9,270



7,840



18



11



40



40TOTAL Net Revenues

$
23,387


$
19,696



19
%


11
%


100
%


100
%    n/m = not meaningful
    August 31,2008


2007


2006United States


34
%


36
%


39
%United Kingdom


12



14



13  55




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Results
    of Operations for the Year Ended August 31, 2008 Compared
    to Year Ended August 31, 2007
  Revenues
    
    Communications & High Techs net revenues
    increased 10% in local currency, driven by solid consulting and
    outsourcing growth. The consulting increase was driven by growth
    in the EMEA region across all industry groups. The outsourcing
    increase was led by growth in our Communications industry group
    across all geographic regions and in our Electronics &
    High Tech industry group in the Asia Pacific region.
    Financial Services net revenues increased 6% in local currency,
    primarily due to outsourcing growth in our Banking industry
    group across all geographic regions and in our Insurance and
    Capital Markets industry groups in the Americas region.
    Consulting growth in our Banking and Insurance industry groups
    in the Americas region and in our Banking industry group in the
    Asia Pacific region was offset by a consulting revenue decline
    in the EMEA region, principally in our Banking and Capital
    Markets industry groups. During the first nine months of fiscal
    2008, we recorded modest growth in our Financial Services
    consulting business. However, during the fourth quarter of
    fiscal 2008, we experienced a slight year over year decline in
    our consulting business.
    Products net revenues increased 17% in local currency, driven by
    strong consulting and outsourcing growth across all geographic
    regions. The consulting growth was led by our Retail and
    Health & Life Sciences industry groups in the Americas
    region and by our Consumer Goods & Services, Retail
    and Industrial Equipment industry groups in the EMEA region. The
    outsourcing growth was led by our Health & Life
    Sciences and Consumer Goods & Services industry groups
    in the Americas region and by our Consumer Goods &
    Services, Automotive and Industrial Equipment industry groups in
    the EMEA region.
    Public Services net revenues increased 7% in local currency,
    primarily due to consulting growth across all geographic
    regions, led by strong growth in the EMEA and Americas regions,
    partially offset by an outsourcing decline in the Americas
    region.
    Resources net revenues increased 14% in local currency,
    primarily driven by strong consulting growth across all
    geographic regions, led by our Utilities and Natural Resources
    industry groups, and by solid outsourcing growth, led by our
    Utilities and Energy industry groups in the Americas region.       56




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Operating
    Expenses
    Cost
    of Services
    Sales
    and Marketing
    General
    and Administrative Costs
    Reorganization
    Costs (Benefits)
  and/or
 57




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Operating
    Income
    Year Ended August 31,2008


2007Operating


Percent of OG


Operating


Percent of OG


IncreaseIncome


Net Revenues


Income


Net Revenues


(Decrease)(in millions)Communications & High Tech

$
657



12
%

$
582



13
%

$
75Financial Services


661



13



491



11



170Products


864



14



669



14



195Public Service


260



9



272



11



(12
)Resources


570



14



479



15



91Total

$
3,012



12.9
%

$
2,493



12.7
%

$
519     
    Communications & High Tech operating income increased
    principally due to revenue growth, partially offset by delivery
    inefficiencies on a small number of consulting contracts.
    Financial Services operating income increased primarily due to
    outsourcing revenue growth and improved outsourcing contract
    margins, partially offset by a decline in contract margins due
    to a lower proportion of high-margin consulting contracts. In
    addition, operating income for the twelve months ended
    August 31, 2007 reflects the impact of delivery
    inefficiencies on several contracts.
    Products operating income increased due to revenue growth,
    partially offset by lower outsourcing contract profitability.
    Public Service operating income decreased slightly in fiscal
    2008. Consulting revenue growth and improved outsourcing
    contract margins were more than offset by profitability
    challenges, including delivery inefficiencies on a few
    contracts, revenue adjustments on certain contracts and higher
    selling costs associated with business-development opportunities
    which fueled strong fourth quarter fiscal 2008 bookings. The
    fiscal 2007 operating income also reflects asset impairments
    associated with an outsourcing contract recorded during the
    first quarter of fiscal 2007.
    Resources operating income increased primarily due to strong
    revenue growth.  Gain
    on Investments, net
    Interest
    Income
   58




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Other
    Expense, net
    Provision
    for Income Taxes
    Minority
    Interest
      Earnings
    Per Share
   59




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Results
    of Operations for the Year Ended August 31, 2007 Compared
    to Year Ended August 31, 2006
    Percent of TotalPercent


Net RevenuesYear Ended


Percent


Increase


for the Year EndedAugust 31,


Increase


Local


August 31,2007


2006


U.S.$


Currency


2007


2006(in millions)OPERATING GROUPSCommunications & High Tech

$
4,600


$
4,177



10
%


5
%


23
%


25
%Financial Services


4,357



3,558



22



16



22



22Products(1)


4,913



4,011



23



18



25



24Public Service(1)(2)


2,561



2,221



15



12



13



13Resources


3,243



2,666



22



17



17



16Other


22



13



n/m



n/m







TOTAL Net Revenues


19,696



16,646



18
%


13
%


100
%


100
%Reimbursements


1,757



1,582



11TOTAL REVENUES

$
21,453


$
18,228



18
%GEOGRAPHYAmericas

$
8,483


$
7,741



10
%


9
%


43
%


46
%EMEA


9,534



7,644



25



16



48



46Asia Pacific


1,679



1,261



33



28



9



8TOTAL Net Revenues

$
19,696


$
16,646



18
%


13
%


100
%


100
%TYPE OF WORKConsulting

$
11,856


$
9,892



20
%


15
%


60
%


59
%Outsourcing


7,840



6,754



16



12



40



41TOTAL Net Revenues

$
19,696


$
16,646



18
%


13
%


100
%


100
%    n/m = not meaningful
  (1)
    
    During the second quarter of fiscal
    2006, in connection with certain large, long-term contracts (the
    NHS Contracts), we recorded a $450 million
    aggregate loss provision that was reflected in Cost of services.
    We later entered into an agreement to transfer to a third party
    the majority of our rights and obligations under the NHS
    Contracts. This agreement resulted in a $339 million
    reduction in net revenues in the fourth quarter of fiscal 2006,
    which was offset by a $339 million decrease in Cost of
    services, including a reversal of the remainder of the loss
    provision recorded earlier in fiscal 2006. These adjustments
    were reflected in the operating results of our Products and
    Public Service operating groups.(2)
    
    Known as Government
    prior to September 1, 2007.  Revenues
   60




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61




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Operating
    Expenses
    Cost
    of Services
    Sales
    and Marketing
    General
    and Administrative Costs
    Reorganization
    Costs (Benefits)
    Operating
    Income
   62




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Year Ended August 31,Effect of


NetIncrease


Reorganization


Increase2007


2006


(Decrease)


Benefits(1)


(Decrease)(in millions)Communications & High Tech

$
582


$
631


$
(49
)

$
17


$
(32
)Financial Services


491



388



103



15



118Products


669



400



269



18



287Public Service


272



83



189



11



200Resources


479



339



140



11



151Total

$
2,493


$
1,841


$
652


$
72


$
724    (1)
    
    Represents the effect of
    reorganization benefits recorded during the year ended
    August 31, 2006.    
    Communications & High Tech operating income decreased
    due to higher compensation costs and a decline in contract
    margins due to a lower proportion of high-margin consulting
    contracts.
    Financial Services operating income increased due to revenue
    growth, higher utilization and lower sales and marketing costs
    as a percentage of net revenues, partially offset by higher
    compensation costs and delivery inefficiencies on certain
    contracts.
    Products operating income increased due to strong revenue growth
    and lower sales and marketing costs as a percentage of revenue
    before reimbursements, partially offset by higher compensation
    costs. Operating income also increased due to the impact of a
    $225 million loss provision associated with the NHS
    Contracts recorded during the second quarter of fiscal 2006,
    partially offset by revenue recognized in connection with a
    contract termination in our Retail industry group in the EMEA
    region recorded during the third quarter of fiscal 2006. See
    footnote (1) to the Net revenues (by operating group,
    geography and type of work) and reimbursements table above.
    Public Service operating income increased due to the impact of a
    $225 million loss provision associated with the NHS
    Contracts recorded during the second quarter of fiscal 2006. The
    fiscal 2007 operating income also reflects consulting revenue
    growth and improved consulting contract margins, offset by
    higher compensation costs and asset impairments associated with
    an outsourcing contract recorded during the first quarter of
    fiscal 2007. See footnote (1) to the Net revenues (by
    operating group, geography and type of work) and
    reimbursements table above.
    Resources operating income increased due to strong revenue
    growth and improved contract margins, partially offset by higher
    compensation costs.   63




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Gain
    on Investments, net
    Interest
    Income
    Other
    Expense
    Provision
    for Income Taxes
    Minority
    Interest
    Earnings
    Per Share
    Liquidity
    and Capital Resources
    
    take advantage of opportunities, including more rapid expansion;
    acquire complementary businesses or technologies;
    develop new services and solutions; 64




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
    respond to competitive pressures; or
    facilitate purchases, redemptions and exchanges of Accenture
    shares.      Year Ended August 31,2008 to 20072008


2007(1)


2006


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

$
2,803


$
2,631


$
2,668


$
172Investing activities


(324
)


(350
)


(243
)


26Financing activities


(2,162
)


(2,128
)


(1,944
)


(34
)Effect of exchange rate changes on cash and cash equivalents


(29
)


95



102



(124
)Net increase in cash and cash equivalents(1)

$
288


$
247


$
583


$
40    (1)
    
    May not total due to rounding.  Operating activities:
  Investing activities:
  Financing activities:
   65




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Borrowing
    Facilities
    BorrowingsFacility


UnderAmount


Facilities(in millions)Syndicated loan facility(1)

$
1,200


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


350



5Local guaranteed and non-guaranteed lines of credit(3)


152



Total

$
1,702


$
5    (1)
    
    This facility, which matures on
    July 31, 2012, provides unsecured, revolving borrowing
    capacity for general working capital purposes, including the
    issuance of letters of credit. Financing is provided under this
    facility at the prime rate or at the London Interbank Offered
    Rate plus a spread. This facility requires us to: (1) limit
    liens placed on our assets to (a) liens incurred in the
    ordinary course of business (subject to certain qualifications)
    and (b) other liens securing obligations not to exceed 30%
    of our consolidated assets; and (2) maintain a
    debt-to-cash-flow ratio not exceeding 1.75 to 1.00. We continue
    to be in compliance with these terms. As of August 31, 2008
    and 2007, we had no borrowings under the facility. The facility
    is subject to annual commitment fees.(2)
    
    We maintain two separate bilateral,
    uncommitted, unsecured multicurrency revolving credit
    facilities. These facilities provide local-currency financing
    for the majority of our operations. Interest rate terms on the
    bilateral revolving facilities are at market rates prevailing in
    the relevant local markets. As of August 31, 2008 and 2007,
    we had $5 million and $1 million, respectively, of
    borrowings under these facilities.(3)
    
    We also maintain local guaranteed
    and non-guaranteed lines of credit for those locations that
    cannot access our global facilities. As of August 31, 2008
    and 2007, we had no borrowings under these various facilities.      Share
    Purchases and Redemptions
   66




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##### Table of Contents



Accenture SCA Class IAccenture Ltd Class A


Common Shares and Accenture CanadaCommon Shares


Holdings Inc. Exchangeable Shares


TotalShares


Amount


Shares


Amount


Shares


Amount(in millions, except share amounts)Open-market share purchases(1)


10,250,028


$
358






$




10,250,028


$
358Other share purchase programs


5,898,398



196
(2)


41,757,115
(3)


1,593



47,655,513



1,789Other purchases(4)


2,874,791



114











2,874,791



114Total


19,023,217


$
668



41,757,115


$
1,593



60,780,332


$
2,261    (1)
    
    We conduct a publicly announced,
    open-market share purchase program for Accenture Ltd
    Class A common shares. These shares are held as treasury
    shares by one or more subsidiaries of Accenture Ltd and may be
    utilized to provide for select employee benefits, such as equity
    awards to our employees.(2)
    
    On February 1, 2008, Accenture
    Equity Finance B.V., an indirect subsidiary of Accenture SCA,
    purchased 5,898,398 Accenture Ltd Class A common shares at
    a per share price of $33.29, resulting in a cash outlay of
    approximately $196 million. Shares from this transaction
    were purchased from certain former senior executives residing
    outside the United States.(3)
    
    Primarily represents purchases and
    redemptions of Accenture SCA Class I common shares and
    Accenture Canada Holdings Inc. exchangeable shares from current
    and former senior executives and their permitted transferees.(4)
    
    During the year ended
    August 31, 2008, as authorized under our various employee
    equity share plans, we acquired Accenture Ltd Class A
    common shares primarily via share withholding for payroll tax
    obligations due from employees and former employees in
    connection with the delivery of Accenture Ltd Class A
    common shares under those plans.    Other
    Share Redemptions
  Form S-3
  Senior
    Executive Ownership Requirements
  1 2
  Senior
    Executive Trading Policy
   67




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Subsequent
    Development
    Obligations
    and Commitments
    Payments due by periodContractual Cash Obligations(1)(2)

Total(3)


Less than 1 year


1-3 years


3-5 years


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

$
3


$
2


$
1


$



$
Operating leases


2,260



427



600



358



875Retirement obligations(4)


158



36



44



23



55Other commitments(5)


103



71



27



4



Total

$
2,524


$
536


$
672


$
385


$
930    (1)
    
    We adopted FIN 48 on
    September 1, 2007. The liability related to unrecognized
    tax benefits has been excluded from the contractual obligations
    table because a reasonable estimate of the timing and amount of
    cash out flows from future tax settlements cannot be determined.
    For additional information, refer to Note 10 (Income Taxes)
    to our Consolidated Financial Statements under Financial
    Statements and Supplementary Data.(2)
    
    In fiscal 2001, we accrued
    reorganization liabilities in connection with our transition to
    a corporate structure. As of August 31, 2008, the remaining
    liability for reorganization costs was $309 million, of
    which $299 million was classified as Other accrued
    liabilities because expirations of statutes of limitations or
    other final determinations could occur within 12 months.
    The reorganization liabilities have been excluded from the
    contractual obligations table because a reasonable estimate of
    the timing and amount of cash out flows from future tax
    settlements cannot be determined. We anticipate that
    reorganization liabilities will be substantially diminished by
    the end of fiscal 2009 because we expect final determinations
    will have occurred. However, resolution of current tax audits,
    initiation of additional audits or litigation may delay final
    settlements. Final settlement will result in a payment on a
    final settlement and/or recording a reorganization cost or
    benefit in our Consolidated Income Statement. For additional
    information, refer to Note 3 (Reorganization Costs
    (Benefits)) to our Consolidated Financial Statements under
    Financial Statements and Supplementary Data.(3)
    
    May not total due to rounding.(4)
    
    This represents projected payments
    under certain unfunded retirement plans for former
    pre-incorporation partners. Because both of these plans are
    unfunded, we pay these benefits directly. These plans were
    eliminated for active partners after May 15, 2001.(5)
    
    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
   68




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##### Table of Contents



and/or
  and/or
  Recently
    Adopted Accounting Pronouncements
    New
    Accounting Pronouncements
  Disclosures about Derivative Instruments and Hedging
    Activities, an amendment of FASB Statement
    No. 133. Accounting for Derivative Instruments and Hedging
    Activities
  Business Combinations
 69




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##### Table of Contents



Noncontrolling Interests in Consolidated Financial
    Statementsan amendment of ARB No. 51
  Fair Value Measurements 157-2, Effective Date of FASB Statement No. 157 (FSP 157-2), FSP 157-2, FSP 157-2
  ITEM 7A.
    QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK    Foreign
    Currency Risk
         70




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##### Table of Contents



Interest
    Rate Risk
    Equity
    Price Risk
    ITEM 8.
    FINANCIAL
    STATEMENTS AND SUPPLEMENTARY DATA  page F-1,
  ITEM 9.
    CHANGES
    IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
    FINANCIAL DISCLOSURE    ITEM 9A.
    CONTROLS
    AND PROCEDURES  (a)
    Evaluation
    of Disclosure Controls and Procedures  Rule 13a-15(e)
    (b)
    Managements
    Annual Report on Internal Control over Financial
    Reporting       71




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##### Table of Contents



and/or
      Form 10-K.
  Form 10-K page F-2.
  (c)
    Changes
    in Internal Control over Financial Reporting    ITEM 9B.
    OTHER
    INFORMATION   72




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##### Table of Contents



PART III  ITEM 10.
    DIRECTORS,
    EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE  Form 10-K.
    ITEM 11.
    EXECUTIVE
    COMPENSATION    ITEM 12.
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
    RELATED SHAREHOLDER MATTERS   73




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##### Table of Contents



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





Remaining Availableto be Issued Upon





for Future IssuanceExercise of


Weighted-Average


Under EquityOutstanding


Exercise Price of


Compensation PlansOptions,


Outstanding


(ExcludingWarrants and


Options, Warrants


Securities ReflectedPlan Category

Rights


and Rights


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


89,666,887
(1)

$
19.14



140,153,9602001 Employee Share Purchase Plan






N/A



21,672,757Equity compensation plans not approved by shareholders






N/A



Total


89,666,887







161,826,717    (1)
    
    Consists of 34,981,064 stock
    options with a weighted average exercise price of $19.14 per
    share and 54,685,823 restricted share units.  ITEM 13.
    CERTAIN
    RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
    INDEPENDENCE    ITEM 14.
    PRINCIPAL
    ACCOUNTING FEES AND SERVICES   PART IV  ITEM 15.
    EXHIBITS,
    FINANCIAL STATEMENT SCHEDULES    1.
    Financial Statements as of August 31, 2008 and
    August 31, 2007 and for the three years ended
    August 31, 2008Included in Part II of this Form
    10-K:           74




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##### Table of Contents



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

Exhibit3
.1

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

Form of Bye-laws of the Registrant, effective as of
    February 7, 2008 (incorporated by reference to
    Exhibit 3.1 to the February 29, 2008
    10-Q).9
.1

Form of Voting Agreement, dated as of April 18, 2001, among
    the Registrant and the covered persons party thereto as amended
    and restated as of February 3, 2005 (incorporated by
    reference to Exhibit 9.1 to the February 28, 2005
    10-Q).10
.1

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

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

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

Form of Articles of Association of Accenture SCA, updated as of
    December 14, 2007 (incorporated by reference to
    Exhibit 3.2 to the November 30, 2007
    10-Q).10
.5

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

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

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

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

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

Form of Employment Agreement of Karl-Heinz Flöther (filed
    herewith).10
.11

Form of Employment Agreement of Messrs. Coughlan and Foster
    (filed herewith).10
.12

Form of Employment Agreement of Gianfranco Casati (English
    translation) (filed herewith).10
.13

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

Form of Employment Agreement of Pierre Nanterme (English
    translation) (incorporated by reference to Exhibit 10.14 to
    the August 31, 2007
    10-K).10
.15

Form of Employment Agreement of Juan Domenech (English
    translation) (filed herewith).10
.16

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). 75




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##### Table of Contents



ExhibitNumber

Exhibit10
.17

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
.18

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
.19

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
.20

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
.21

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
.22

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
.23

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
.24

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
.25

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
.26

Form of Transfer Agreement (for transfers of
    Unrestricted Shares of Accenture Ltd) for the
    Accenture Family and Charitable Transfer Program dated as of
    April 1, 2005 among Accenture Ltd and the transferors and
    transferees signatory thereto (incorporated by reference to
    Exhibit 10.5 to the May 31, 2005
    10-Q).10
.27

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
.28

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
.29

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). 76




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##### Table of Contents



ExhibitNumber

Exhibit10
.30

Form of Key Executive Performance-Based Award Restricted Share
    Unit Agreement pursuant to Accenture Ltd 2001 Share
    Incentive Plan (incorporated by reference to Exhibit 10.1
    to the February 28, 2007
    10-Q).10
.31

Form of Senior Officer Performance Equity Award Restricted Share
    Unit Agreement pursuant to Accenture Ltd 2001 Share
    Incentive Plan (incorporated by reference to Exhibit 10.2
    to the February 28, 2007
    10-Q).10
.32

Form of Senior Leadership Equity Award Restricted Share Unit
    Agreement pursuant to Accenture Ltd 2001 Share Incentive
    Plan (incorporated by reference to Exhibit 10.3 to the
    February 28, 2007
    10-Q).10
.33

Form of Voluntary Equity Investment Program Matching Grant
    Restricted Share Unit Agreement pursuant to Accenture Ltd
    2001 Share Incentive Plan (incorporated by reference to
    Exhibit 10.4 to the February 28, 2007
    10-Q).10
.34

Form of Restricted Share Unit Agreement for director grants
    pursuant to Accenture Ltd 2001 Share Incentive Plan
    (incorporated by reference to Exhibit 10.1 to the
    February 29, 2008
    10-Q).10
.35

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).  77




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##### Table of Contents



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

Title/s/  William
    D. GreenWilliam
    D. Green

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

Director/s/  Dennis
    F. HightowerDennis
    F. Hightower

Director/s/  Nobuyuki
    IdeiNobuyuki
    Idei

Director




---



##### Table of Contents



Signature

Title/s/  William
    L. KimseyWilliam
    L. Kimsey

Director/s/  Robert
    I. LippRobert
    I. Lipp

Director/s/  Marjorie
    MagnerMarjorie
    Magner

Director/s/  Blythe
    J. McGarvieBlythe
    J. McGarvie

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

Director/s/  Wulf
    von SchimmelmannWulf
    von Schimmelmann

Director/s/  Pamela
    J. CraigPamela
    J. Craig

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

Principal Accounting Officer and Controller
    (principal accounting officer)




---



##### 



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


F-2Consolidated Financial Statements as of August 31, 2008 and
    2007 and for the three years ended August 31, 2008:Consolidated Balance Sheets


F-4Consolidated Income Statements


F-5Consolidated Shareholders Equity and
    Comprehensive Income Statements


F-6Consolidated Cash Flows Statements


F-8Notes to Consolidated Financial Statements


F-9   F-1




---



##### Table of Contents



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  The Board of Directors and Shareholders
    Accenture Ltd:
  Internal
    ControlIntegrated Framework
         F-2




---



##### Table of Contents



Internal ControlIntegrated Framework
       F-3




---



##### Table of Contents



ACCENTURE
    LTD
 CONSOLIDATED
    BALANCE SHEETS  August 31,
    2008 and 2007
    (In thousands of U.S. dollars, except share and per share
    amounts)
  2008


2007ASSETSCURRENT ASSETS:Cash and cash equivalents

$
3,602,760


$
3,314,396Short-term investments


20,282



231,278Receivables from clients, net


2,996,815



2,409,299Unbilled services, net


1,518,580



1,290,035Deferred income taxes, net


425,859



318,172Other current assets


594,832



407,998Total current assets


9,159,128



7,971,178NON-CURRENT ASSETS:Unbilled services, net


43,627



63,995Investments


19,034



81,935Property and equipment, net


800,164



808,069Goodwill


839,957



643,728Deferred contract costs


539,856



407,640Deferred income taxes, net


613,943



389,858Other non-current assets


382,816



380,759Total non-current assets


3,239,397



2,775,984TOTAL ASSETS

$
12,398,525


$
10,747,162LIABILITIES AND SHAREHOLDERS EQUITYCURRENT LIABILITIES:Current portion of long-term debt and bank borrowings

$
6,570


$
23,795Accounts payable


1,017,227



985,071Deferred revenues


1,810,661



1,701,990Accrued payroll and related benefits


2,809,196



2,274,098Accrued consumption taxes


343,658



220,219Income taxes payable


249,986



942,310Deferred income taxes, net


57,258



39,078Other accrued liabilities


553,322



692,759Total current liabilities


6,847,878



6,879,320NON-CURRENT LIABILITIES:Long-term debt


1,708



2,565Deferred revenues relating to contract costs


555,935



303,159Retirement obligation


483,857



494,416Deferred income taxes, net


32,258



31,758Income taxes payable


1,086,244



32,330Other non-current liabilities


197,970



200,096Total non-current liabilities


2,357,972



1,064,324COMMITMENTS AND CONTINGENCIESMINORITY INTEREST


652,169



740,186SHAREHOLDERS 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, 659,097,033 and
    635,108,578 shares issued as of August 31, 2008 and
    August 31, 2007, respectively


15



14Class X common shares, par value $0.0000225 per share,
    1,000,000,000 shares authorized, 118,331,269 and
    162,629,929 shares issued and outstanding as of
    August 31, 2008 and August 31, 2007, respectively


3



4Restricted share units


819,577



649,475Additional paid-in capital






Treasury shares, at cost, 46,215,019 and 39,187,569 shares
    as of August 31, 2008 and August 31, 2007, respectively


(1,405,732
)


(1,033,025
)Retained earnings


3,120,515



2,362,703Accumulated other comprehensive income


6,128



84,161Total shareholders equity


2,540,506



2,063,332TOTAL LIABILITIES AND SHAREHOLDERS EQUITY

$
12,398,525


$
10,747,162   The accompanying Notes are an
    integral part of these Consolidated Financial Statements.
 F-4




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##### Table of Contents



ACCENTURE
    LTD
 CONSOLIDATED
    INCOME STATEMENTS  For the
    Years Ended August 31, 2008, 2007 and 2006
    (In thousands of U.S. dollars, except share and per share
    amounts)
  2008


2007


2006REVENUES:Revenues before reimbursements (Net revenues)

$
23,386,802


$
19,695,814


$
16,646,391Reimbursements


1,927,024



1,756,933



1,581,975Revenues


25,313,826



21,452,747



18,228,366OPERATING EXPENSES:Cost of services:Cost of services before reimbursable expenses


16,201,217



13,654,341



11,652,216Reimbursable expenses


1,927,024



1,756,933



1,581,975Cost of services


18,128,241



15,411,274



13,234,191Sales and marketing


2,270,789



1,903,990



1,708,392General and administrative costs


1,880,342



1,618,498



1,492,690Reorganization costs (benefits), net


22,872



26,366



(47,966
)Total operating expenses


22,302,244



18,960,128



16,387,307OPERATING INCOME


3,011,582



2,492,619



1,841,059Gain on investments, net


6,476



18,532



2,018Interest income


114,621



154,566



129,547Interest expense


(22,704
)


(25,036
)


(21,146
)Other expense, net


(2,213
)


(21,763
)


(27,811
)INCOME BEFORE INCOME TAXES


3,107,762



2,618,918



1,923,667Provision for income taxes


910,574



895,861



490,535INCOME BEFORE MINORITY INTEREST


2,197,188



1,723,057



1,433,132Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc.


(485,891
)


(453,917
)


(447,382
)Minority interestother


(19,546
)


(25,992
)


(12,421
)NET INCOME

$
1,691,751


$
1,243,148


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


610,949,205



604,128,805



589,099,824Diluted


822,371,710



862,431,623



894,664,164Earnings per Class A common share:Basic

$
2.77


$
2.06


$
1.65Diluted

$
2.65


$
1.97


$
1.59Cash dividends per share

$
0.42


$
0.35


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




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##### Table of Contents






ACCENTURE
    LTD
 CONSOLIDATED
    SHAREHOLDERS EQUITY AND COMPREHENSIVE INCOME
    STATEMENTS  For the
    Years Ended August 31, 2008, 2007 and 2006
    (In thousands of U.S. dollars and in thousands of share
    amounts)
  AccumulatedClass A


Class X

















OtherCommon


Common


Restricted


Additional











ComprehensivePreferred


Shares


Shares


Share


Paid-in


Treasury Shares


Retained


IncomeShares


$


No. Shares


$


No. Shares


Units


Capital


$


No. Shares


Earnings


(Loss)


TotalBalance as of August 31, 2005

$



$
13



602,706


$
7



321,088


$
365,708


$
1,365,013


$
(763,682
)


(32,266
)

$
962,339


$
(232,484
)

$
1,696,914Comprehensive income:Net income






































973,329







973,329Other comprehensive income:Unrealized losses on marketable securities, net of
    reclassification adjustments










































(1,260
)


(1,260
)Foreign currency translation adjustments










































52,423



52,423Minimum pension liability adjustment, net of tax










































154,827



154,827Other comprehensive income










































205,990Comprehensive income














































1,179,319Income tax benefit on:Share-based compensation plans


























100,508



















100,508Contract termination






































497







497Purchases of Class A common shares










(581
)














(16,192
)


(366,481
)


(15,470
)










(382,673
)Share-based compensation expense






















152,158



112,952



















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














(1
)


(76,081
)






(1,704,353
)


















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






1



15,441











(49,141
)


273,089



260,206



10,745



(47,237
)






436,918Dividends






















13,564















(281,537
)






(267,973
)Minority interest


























569,989



















569,989Balance as of August 31, 2006

$



$
14



617,566


$
6



245,007


$
482,289


$
701,006


$
(869,957
)


(36,991
)

$
1,607,391


$
(26,494
)

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










































26,053



26,053Comprehensive income:Net income






































1,243,148







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










































2,165



2,165Foreign currency translation adjustments










































84,474



84,474Minimum pension liability adjustment, net of tax










































(2,037
)


(2,037
)Other comprehensive income










































84,602Comprehensive income














































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


























27,469



















27,469Contract termination






































31







31Purchases of Class A common shares










(759
)














(21,559
)


(412,918
)


(12,518
)


(6,372
)






(440,849
)Share-based compensation expense






















242,435



62,128



















304,563 F-6




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##### Table of Contents



AccumulatedClass A


Class X

















OtherCommon


Common


Restricted


Additional











ComprehensivePreferred


Shares


Shares


Share


Paid-in


Treasury Shares


Retained


IncomeShares


$


No. Shares


$


No. Shares


Units


Capital


$


No. Shares


Earnings


(Loss)


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














(2
)


(82,377
)






(1,706,399
)










(160,697
)






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










15,116











(89,846
)


338,763



249,850



10,321



(10,517
)






488,250Upon redemption of Accenture SCA Class I common shares










3,186



































Dividends






















14,597



2,625











(310,281
)






(293,059
)Minority interest


























595,967



















595,967Balance as of August 31, 2007

$



$
14



635,109


$
4



162,630


$
649,475


$



$
(1,033,025
)


(39,188
)

$
2,362,703


$
84,161


$
2,063,332Adoption of FASB Interpretation No. 48


























(1,756
)










19,245







17,489Comprehensive income:Net income






































1,691,751







1,691,751Other comprehensive income:Unrealized gains on cash flow hedges, net of tax and
    reclassification adjustments










































11,381



11,381Unrealized gains on marketable securities, net of
    reclassification adjustments










































625



625Foreign currency translation adjustments, net of tax










































(59,001
)


(59,001
)Amortization of losses related to pension and other
    postretirement benefits, net of tax










































(31,038
)


(31,038
)Other comprehensive loss










































(78,033
)Comprehensive income














































1,613,718Income tax benefit on share-based compensation plans


























57,017



















57,017Purchases of Class A common shares










(1,512
)














(52,515
)


(608,406
)


(17,511
)


(7,375
)






(668,296
)Share-based compensation expense






















336,542



40,249



















376,791Purchases/redemptions of Accenture SCA Class I common
    shares, Accenture Canada Holdings Inc. exchangeable shares and
    Class X common shares














(1
)


(44,299
)






(1,001,645
)










(591,292
)






(1,592,938
)Issuances of Class A common shares:Employee share programs






1



14,370











(186,119
)


391,386



235,699



10,484











440,967Upon redemption of Accenture SCA Class I common shares










11,130



































Dividends






















19,679















(353,364
)






(333,685
)Minority interest


























567,264



















567,264Other






































(1,153
)






(1,153
)Balance as of August 31, 2008

$



$
15



659,097


$
3



118,331


$
819,577


$



$
(1,405,732
)


(46,215
)

$
3,120,515


$
6,128


$
2,540,506   The accompanying Notes are an
    integral part of these Consolidated Financial Statements.


F-7




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##### Table of Contents



ACCENTURE
    LTD
  CONSOLIDATED
    CASH FLOWS STATEMENTS
  For
    the Years Ended August 31, 2008, 2007 and 2006
 (In
    thousands of U.S. dollars)
  2008


2007


2006CASH FLOWS FROM OPERATING ACTIVITIES:Net income

$
1,691,751


$
1,243,148


$
973,329Adjustments to reconcile Net income to Net cash provided by
    operating activitiesDepreciation, amortization and asset impairments


491,421



444,499



351,947Reorganization costs (benefits), net


22,872



26,366



(47,966
)Share-based compensation expense


377,365



306,795



270,884Deferred income taxes, net


(89,952
)


(107,673
)


(223,637
)Minority interest


505,437



479,909



459,803Other, net


(10,658
)


(14,769
)


(1,163
)Change in assets and liabilities, net of acquisitionsReceivables from clients, net


(509,528
)


(367,342
)


(90,458
)Unbilled services, current and non-current


(255,317
)


(7,476
)


400,142Other current and non-current assets


(449,838
)


(356,747
)


23,100Accounts payable


23,787



63,922



48,157Deferred revenues, current and non-current


474,213



373,352



130,504Accrued payroll and related benefits


465,191



529,762



228,688Income taxes payable, current and non-current


123,618



180,853



(68,961
)Other current and non-current liabilities


(57,114
)


(164,034
)


213,620Net cash provided by operating activities


2,803,248



2,630,565



2,667,989CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from maturities and sales of available-for-sale
    investments


309,541



885,463



657,629Purchases of available-for-sale investments


(27,694
)


(693,733
)


(401,181
)Proceeds from sales of property and equipment


10,839



14,549



13,951Purchases of property and equipment


(320,368
)


(364,371
)


(306,174
)Purchases of businesses and investments, net of cash acquired


(298,110
)


(192,356
)


(210,985
)Proceeds from sale of business, net of cash transferred


1,798







4,260Net cash used in investing activities


(323,994
)


(350,448
)


(242,500
)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of common shares


440,967



488,250



436,918Purchases of common shares


(2,261,234
)


(2,307,947
)


(2,087,027
)Proceeds from long-term debt


4,491



2,225



7,669Repayments of long-term debt


(26,525
)


(26,620
)


(23,983
)Proceeds from short-term borrowings


120,566



39,080



40,269Repayments of short-term borrowings


(116,517
)


(40,554
)


(52,657
)Cash dividends paid


(333,685
)


(293,059
)


(267,973
)Excess tax benefits from share-based payment arrangements


63,368



56,178



42,832Other, net


(52,948
)


(45,259
)


(40,515
)Net cash used in financing activities


(2,161,517
)


(2,127,706
)


(1,944,467
)Effect of exchange rate changes on cash and cash equivalents


(29,373
)


94,997



101,976NET INCREASE IN CASH AND CASH EQUIVALENTS


288,364



247,408



582,998CASH AND CASH EQUIVALENTS,beginning of period


3,314,396



3,066,988



2,483,990CASH AND CASH EQUIVALENTS,end of period

$
3,602,760


$
3,314,396


$
3,066,988Supplemental cash flow informationInterest paid

$
22,888


$
24,847


$
20,837Income taxes paid

$
946,876


$
798,286


$
768,313   The accompanying Notes are an
    integral part of these Consolidated Financial Statements
 F-8




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##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  1.
    SUMMARY
    OF SIGNIFICANT ACCOUNTING POLICIES  Description
    of Business
      Principles
    of Consolidation
    and/or
  Use of
    Estimates
   F-9




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##### Table of Contents



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




---



##### Table of Contents



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




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Operating
    Expenses
    Year Ended August 31,2008


2007


2006Training costs

$
985,929


$
775,768


$
680,662Research and development costs


390,168



307,357



298,354Advertising costs


91,034



94,404



68,810Provision for doubtful accounts


1,772



9,441



9,389     Employee
    Share-Based Compensation Arrangements
  Share-Based Payment
  Income
    Taxes
    Translation
    of Non-U.S.
    Currency Amounts
  non-U.S. subsidiaries
 F-12




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    Cash and
    Cash Equivalents
    Client
    Receivables and Allowances
    Concentrations
    of Credit Risk
    Investments
   F-13




---



##### Table of Contents



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

20 to 25 yearsComputers, related equipment and software

2 to 7 yearsFurniture and fixtures

5 to 10 yearsLeasehold improvements

Lesser of lease term
    or 15 years   Long-Lived
    Assets
    Recently
    Adopted Accounting Pronouncements
  Accounting for Uncertainty
    in Income Taxesan interpretation of FASB Statement
    No. 109
 F-14




---



##### Table of Contents



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 31,2008


2007


2006Basic Earnings per shareNet income available for Class A common shareholders

$
1,691,751


$
1,243,148


$
973,329Basic weighted average Class A common shares


610,949,205



604,128,805



589,099,824Basic earnings per share

$
2.77


$
2.06


$
1.65Diluted Earnings per shareNet income available for Class A common shareholders

$
1,691,751


$
1,243,148


$
973,329Minority interest in Accenture SCA and Accenture Canada Holdings
    Inc.(1)


485,891



453,917



447,382Net income for per share calculation

$
2,177,642


$
1,697,065


$
1,420,711Basic weighted average Class A common shares


610,949,205



604,128,805



589,099,824Class A common shares issuable upon redemption/exchange of
    minority interest(1)


176,064,009



221,333,732



274,435,250Diluted effect of employee compensation related to Class A
    common shares


35,281,779



36,914,382



30,945,373Diluted effect of employee share purchase plan related to
    Class A common shares


76,717



54,704



183,717Weighted average Class A common shares


822,371,710



862,431,623



894,664,164Diluted earnings per share

$
2.65


$
1.97


$
1.59    (1)
    
    Diluted earnings per share assumes
    the redemption and exchange of all Accenture SCA Class I
    common shares and Accenture Canada Holdings Inc. exchangeable
    shares, respectively, for Accenture Ltd Class A common
    shares on a one-for-one basis. The income effect does not take
    into account Minority interestother, since
    those shares are not redeemable or exchangeable for Accenture
    Ltd Class A common shares.    3.
    REORGANIZATION
    COSTS (BENEFITS)   F-15




---



##### Table of Contents



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 31,2008


2007


2006Reorganization liability balance, beginning of period

$
401,228


$
350,864


$
381,440Final determinations(1)


(86,764
)


(44,066
)


(72,362
)Changes in estimates


86,764



44,066



Benefits recorded










(72,362
)Interest expense accrued


22,872



26,366



24,396Reorganization costs (benefits), net


22,872



26,366



(47,966
)Payments


(143,184
)






Foreign currency translation


27,778



23,998



17,390Reorganization liability, end of period

$
308,694


$
401,228


$
350,864    (1)
    
    Includes final agreements with tax
    authorities and expirations of statutes of limitations.  and/or
 F-16




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  4.
    ACCUMULATED
    OTHER COMPREHENSIVE INCOME    August 31,2008


2007Net unrealized gains on cash flow hedges, net of tax of $4,959
    and $0, respectively

$
11,381


$
Net unrealized losses on marketable securities


(689
)


(1,314
)Foreign currency translation adjustments, net of tax of $1,883
    and $0, respectively


34,860



93,861Pension and postretirement plans, net of tax of $25,324 and
    $8,137, respectively


(39,424
)


(8,386
)Accumulated other comprehensive income

$
6,128


$
84,161     Year Ended August 31,2008


2007Net unrealized gains on cash flow hedges, net of tax, beginning
    of period

$



$
Change in net unrealized gains, net of tax of $6,102


13,030



Net unrealized gains reclassified to earnings, net of tax of
    $(1,143)


(1,649
)


Net unrealized gains on cash flow hedges, net of tax, end of
    period

$
11,381


$
   5.
    PROPERTY
    AND EQUIPMENT    August 31,2008


2007Buildings and land

$
4,424


$
4,102Computers, related equipment and software


1,429,811



1,410,010Furniture and fixtures


353,773



332,798Leasehold improvements


637,841



617,305Property and equipment, gross


2,425,849



2,364,215Total accumulated depreciation


(1,625,685
)


(1,556,146
)Property and equipment, net

$
800,164


$
808,069   6.
    BUSINESS
    COMBINATIONS AND GOODWILL   F-17




---



##### Table of Contents



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








ForeignCurrency








CurrencyAugust 31,


Additions/


Translation


August 31,


Additions/


Translation


August 31,2006


Adjustments


Adjustments


2007


Adjustments


Adjustments


2008Communications & High Tech

$
82,739


$
27,556


$
4,902


$
115,197


$
52,959


$
(4,770
)

$
163,386Financial Services


123,592



2,647



2,104



128,343



17,727



(2,690
)


143,380Products


258,390



24,216



4,970



287,576



45,779



(4,023
)


329,332Public Service


33,253



36,537



1,421



71,211



65,324



(1,640
)


134,895Resources


29,674



10,263



1,464



41,401



30,286



(2,723
)


68,964Total

$
527,648


$
101,219


$
14,861


$
643,728


$
212,075


$
(15,846
)

$
839,957  F-18




---



##### Table of Contents



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    Amortized


Unrealized


Unrealized


EstimatedCost


Gains


Losses


Fair ValueAugust 31, 2008Available-for-sale debt securitiesAsset-backed securities

$
3,647


$
19


$



$
3,666Certificates of deposit and time deposits














Corporate debt securities


27,278



34



(178
)


27,134Foreign government securities


2,126



10



(55
)


2,081U.S. Treasury securities














Total available-for-sale debt securities


33,051



63



(233
)


32,881Available-for-sale equity securities


2,620



94



(613
)


2,101Total available-for-sale securities


35,671



157



(846
)


34,982Other


4,334











4,334Total investments as of August 31, 2008

$
40,005


$
157


$
(846
)

$
39,316August 31, 2007Available-for-sale debt securitiesAsset-backed securities

$
27,459


$
1


$
(199
)

$
27,261Certificates of deposit and time deposits


56,000







(14
)


55,986Corporate debt securities


167,706



29



(669
)


167,066Foreign government securities


3,264



5



(22
)


3,247U.S. Treasury securities


56,362







(483
)


55,879Total available-for-sale debt securities


310,791



35



(1,387
)


309,439Available-for-sale equity securities


2,477



418



(380
)


2,515Total available-for-sale securities


313,268



453



(1,767
)


311,954Other


1,259











1,259Total investments as of August 31, 2007

$
314,527


$
453


$
(1,767
)

$
313,213  F-19




---



##### Table of Contents



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, 2008Amortized


EstimatedCost


Fair ValueDue in 1 year or less

$
17,741


$
17,608Due in 1-2 years


6,408



6,391Due in 2-3 years


780



787Due in 3-4 years


5,064



5,070Due in 4-5 years


350



342Due after 5 years


2,708



2,683Total available-for-sale debt securities

$
33,051


$
32,881     Year Ended August 31,2008


2007


2006Proceeds from maturities

$
245,253


$
662,190


$
504,265Proceeds from sales


64,288



223,273



153,364Gross realized gains


830



19,175



3,347Gross realized losses


556



156



305   8.
    DERIVATIVE
    FINANCIAL INSTRUMENTS     F-20




---



##### Table of Contents



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 31,2008


2007Notional


Fair


Notional


FairValue


Value


Value


ValueForeign currency forward exchange contracts:To sell

$
211,230


$
(163
)

$
427,602


$
(8,470
)To buy


1,632,742



15,604



510,271



3,726   Cash Flow
    Hedges
  Accounting for Derivative Instruments and Hedging
    Activities
  No. G-7, Cash Flow Hedges: Measuring the Ineffectiveness of a
    Cash Flow Hedge under Paragraph 30(b) When the Shortcut
    Method Is Not Applied
   F-21




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Other
    Derivatives
    9.
    BORROWINGS
    AND INDEBTEDNESS    BorrowingsUnderFacility Amount


FacilitiesSyndicated loan facility(1)

$
1,200,000


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


350,000



4,884Local guaranteed and non-guaranteed lines of credit(3)


152,090



Total

$
1,702,090


$
4,884    (1)
    
    This facility, which matures on
    July 31, 2012, provides unsecured, revolving borrowing
    capacity for general working capital purposes, including the
    issuance of letters of credit. Financing is provided under this
    facility at the prime rate or at the London Interbank Offered
    Rate plus a spread. This facility requires us to: (1) limit
    liens placed on the Companys assets to (a) liens
    incurred in the ordinary course of business (subject to certain
    qualifications) and (b) other liens securing obligations
    not to exceed 30% of the Companys consolidated assets; and
    (2) maintain a debt-to-cash-flow ratio not exceeding 1.75
    to 1.00. The Company continues to be in compliance with these
    terms. As of August 31, 2008 and 2007, the Company had no
    borrowings under the facility. The facility is subject to annual
    commitment fees.(2)
    
    The Company maintains two separate
    bilateral, uncommitted and unsecured multicurrency revolving
    credit facilities. These facilities provide local currency
    financing for the majority of the Companys operations.
    Interest rate terms on the bilateral revolving facilities are at
    market rates prevailing in the relevant local markets. As of
    August 31, 2008 and 2007, the Company had $4,884 and $924,
    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 8% in fiscal 2008 and 5% in
    fiscal 2007.(3)
    
    The Company also maintains local
    guaranteed and non-guaranteed lines of credit for those
    locations that cannot access the Companys global
    facilities. As of August 31, 2008 and 2007, the Company had
    no borrowings under these various facilities.   F-22




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  10.
    INCOME
    TAXES  Year Ended August 31,2008


2007


2006Current taxes:U.S. federal

$
311,270


$
361,351


$
216,549U.S. state and local


37,774



44,394



30,935Non-U.S.


615,306



597,218



463,586Total current tax expense


964,350



1,002,963



711,070Deferred taxes:U.S. federal


(60,911
)


(102,741
)


(102,321
)U.S. state and local


(8,056
)


(12,622
)


(14,617
)Non-U.S.


15,191



8,261



(103,597
)Total deferred tax (benefit) expense


(53,776
)


(107,102
)


(220,535
)Total

$
910,574


$
895,861


$
490,535       Year Ended August 31,2008


2007


2006U.S. sources

$
565,933


$
606,437


$
648,283Non-U.S.
    sources


2,541,829



2,012,481



1,275,384Total

$
3,107,762


$
2,618,918


$
1,923,667  F-23




---



##### Table of Contents



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 31,2008


2007


2006U.S. federal statutory income tax rate


35.0
%


35.0
%


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


0.7



1.0



1.7Reorganization cost (benefits)


0.3



0.4



(0.9
)Final determinations(1)


(3.9
)


(1.8
)


(10.8
)Deferred tax revaluation(2)


1.2



1.0



(3.8
)Non-U.S.
    operations


(5.9
)


(2.8
)


0.5Other


1.9



1.4



3.8Effective income tax rate


29.3
%


34.2
%


25.5
%    (1)
    
    Final determinations include final
    agreements with tax authorities and expirations of statutes of
    limitations.(2)
    
    Related to updated estimates of the
    future benefits of certain deferred tax assets and the impact of
    tax rate changes on deferred tax assets and liabilities.    August 31,2008


2007Deferred tax assets:Pensions

$
68,294


$
62,482Revenue recognition


68,354



61,206Compensation and benefits


293,245



235,905Stock-based Compensation


254,844



210,001Tax credit carryforwards


27,441



22,775Net operating loss carryforwards


163,559



173,402Depreciation and amortization


150,317



142,661Other


267,355



83,4271,293,409



991,859Valuation allowance


(143,144
)


(157,905
)Total deferred tax assets


1,150,265



833,954Deferred tax liabilities:Revenue recognition


(62,321
)


(64,440
)Depreciation and amortization


(27,592
)


(28,673
)Investments


(46,186
)


(59,347
)Other


(63,880
)


(44,300
)Total deferred tax liabilities


(199,979
)


(196,760
)Net deferred tax assets

$
950,286


$
637,194  F-24




---



##### Table of Contents



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

$
1,031,800Additions for tax positions related to the current year


174,585Additions for tax positions related to prior years


46,720Reductions for tax positions related to prior years


(131,102
)Statute of limitations expirations


(8,967
)Settlements with tax authorities


(26,035
)Balance as of August 31, 2008

$
1,087,001      F-25




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
            11.
    RETIREMENT
    AND PROFIT SHARING PLANS  Defined
    Benefit Pension and Postretirement Benefits
  Employers Accounting for Pensions, Employers Accounting for
    Postretirement Benefits Other Than Pensions, Employers Accounting for
    Defined Benefit Pension and Other Postretirement Plans, an
    amendment of FASB Statements No. 87, 106, and 132(R)
 F-26




---



##### Table of Contents



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





August 31, 2007Before


SFAS


AfterSFAS No. 158


No. 158


SFAS No. 158Adjustments


Adjustments


AdjustmentsPrepaid benefit cost

$
146,330


$
14,544


$
160,874Deferred income taxes


20,581



(12,444
)


8,137Accrued benefit liability


391,450



(23,932
)


367,518Accumulated other comprehensive (loss) income


(34,439
)


26,053



(8,386
)   Assumptions
    Pension BenefitsYear Ended August 31,2008


2007


2006Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansDiscount rate


6.25
%


5.08
%


6.50
%


4.68
%


5.25
%


4.28
%Expected rate of return on plan assets


7.50
%


5.97
%


7.50
%


5.67
%


7.50
%


5.57
%Rate of increase in future compensation


4.50
%


3.84
%


4.50
%


3.45
%


4.50
%


3.27
%   Postretirement BenefitsYear Ended August 31,2008


2007


2006Non-U.S.




Non-U.S.




Non-U.S.U.S. Plans

Plans


U.S. Plans

Plans


U.S. Plans

PlansDiscount rate

6.25%


5.70
%

6.50%


6.00
%

5.25%


5.50
%Expected rate of return on plan assets

7.50%/3.50%


N/A


7.50%/3.50%


N/A


7.50%/3.50%


N/ARate of increase in future compensation

N/A


2.57
%

N/A


2.90
%

N/A


3.50
%  F-27




---



##### Table of Contents



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 BenefitsYear Ended August 31,

Year Ended August 31,2008

2007

2008

2007Non-U.S.



Non-U.S.



Non-U.S.



Non-U.S.U.S. Plans

Plans

U.S. Plans

Plans

U.S. Plans

Plans

U.S. Plans

PlansDiscount rate


6.75
%


5.45
%


6.25
%


5.08
%


6.75
%


6.25
%


6.25
%


5.70
%Rate of increase in future compensation


4.59
%


3.59
%


4.50
%


3.84
%


N/A



2.64
%


N/A



2.57
%   Non-U.S. Plans
  Assumed
    Health Care Cost Trend
    One Percentage Point


One Percentage PointIncrease


Decrease2008


2007


2008


2007Effect on total of service and interest cost components

$
952


$
1,332


$
(1,652
)

$
(1,125
)Effect on year-end postretirement benefit obligation


12,723



12,832



(12,208
)


(11,158
)  F-28




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Pension
    and Postretirement Benefits Expense
  non-U.S. benefit
    Pension BenefitsYear Ended August 31,2008


2007


2006Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansComponents of pension expenseService cost

$
33,304


$
50,542


$
50,825


$
53,720


$
64,410


$
51,496Interest cost


59,954



33,846



53,963



28,491



49,923



20,865Expected return on plan assets


(70,553
)


(35,693
)


(59,784
)


(26,649
)


(52,318
)


(19,833
)Amortization of loss (gain)


1,918



(1,497
)


1,271



1,319



31,140



1,962Amortization of prior service cost


276



488



724



684



1,149



709Curtailment (gain) loss recognized


(13,898
)


(497
)


(12,608
)


(1,640
)






183Settlement loss recognized






626















Special termination benefits charge






539















1,582Total

$
11,001


$
48,354


$
34,391


$
55,925


$
94,304


$
56,964   Postretirement BenefitsYear Ended August 31,2008


2007


2006Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansComponents of postretirement expenseService cost

$
6,977


$
1,443


$
6,665


$
1,231


$
10,102


$
2,061Interest cost


6,612



1,839



6,081



1,522



6,150



1,766Expected return on plan assets


(1,637
)






(1,500
)






(1,419
)


Amortization of transitional obligation


80







80







79



Amortization of loss






76







95



2,518



198Amortization of prior service cost


(801
)


(842
)


(801
)


(753
)


(801
)


(281
)Curtailment gain recognized






(31
)






(54
)






(472
)Total

$
11,231


$
2,485


$
10,525


$
2,041


$
16,629


$
3,272  F-29




---



##### Table of Contents



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


Postretirement BenefitsYear Ended August 31,


Year Ended August 31,2008


2007


2008


2007Non-U.S.





Non-U.S.





Non-U.S.





Non-U.S.Changes in benefit obligation

U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansBenefit obligation, beginning of year

$
973,031


$
653,336


$
840,271


$
616,278


$
107,406


$
30,879


$
94,938


$
25,762Service cost


33,304



50,542



50,825



53,720



6,977



1,443



6,665



1,231Interest cost


59,954



33,846



53,963



28,491



6,612



1,839



6,081



1,522Amendments










(37
)


















Termination benefits






539























Participant contributions






8,286







7,701















Acquisitions/divestitures/transfers






7,138























Curtailments


(14,424
)


(735
)


(13,373
)


(1,439
)






(119
)






(309
)Actuarial (gain) loss


(94,200
)


(33,115
)


59,806



(52,035
)


(6,156
)


(3,882
)


1,128



1,546Benefits paid


(21,599
)


(23,480
)


(18,424
)


(17,751
)


(2,577
)


(561
)


(1,406
)


(366
)Exchange rate loss






(3,677
)






32,068







231







1,493Settlements






(11,390
)






(13,697
)














Benefit obligation, end of year

$
936,066


$
681,290


$
973,031


$
653,336


$
112,262


$
29,830


$
107,406


$
30,879Changes in plan assetsFair value of plan assets, beginning of year

$
939,180


$
586,979


$
801,644


$
458,491


$
28,322


$



$
26,577


$
Actual return on plan assets


(79,069
)


(3,496
)


148,071



34,212



(988
)






2,672



Acquisitions/divestitures/transfers






2,230























Employer contributions


8,841



42,706



7,889



92,291



1,166



561



479



366Participant contributions






8,286







7,701















Benefits paid


(21,599
)


(23,480
)


(18,424
)


(17,751
)


(2,577
)


(561
)


(1,406
)


(366
)Exchange rate (gain) loss






(13,519
)






25,732















Settlements






(11,390
)






(13,697
)














Fair value of plan assets, end of year

$
847,353


$
588,316


$
939,180


$
586,979


$
25,923


$



$
28,322


$
Reconciliation of funded statusFunded status

$
(88,713
)

$
(92,974
)

$
(33,851
)

$
(66,357
)

$
(86,339
)

$
(29,830
)

$
(79,084
)

$
(30,879
)Unrecognized transitional obligation


















357







437



Unrecognized loss (gain)


82,871



7,863



29,367



5,185



(1,441
)


(785
)


2,090



2,978Unrecognized prior service cost (credit)


409



(10,625
)


1,211



(9,375
)


(5,704
)


(8,196
)


(6,505
)


(8,865
)Contribution made after measurement date






2,000







3,462







90







64Net amount recognized at year-end

$
(5,433
)

$
(93,736
)

$
(3,273
)

$
(67,085
)

$
(93,127
)

$
(38,721
)

$
(83,062
)

$
(36,702
)Amounts recognized in the Consolidated Balance Sheets consist
    of:Prepaid benefit cost

$
37,780


$
52,585


$
99,510


$
61,364


$



$



$



$
Accrued benefit liability


(126,493
)


(143,558
)


(133,361
)


(124,259
)


(86,339
)


(29,740
)


(79,084
)


(30,815
)Accumulated other comprehensive loss (income), pre-tax


83,280



(2,763
)


30,578



(4,190
)


(6,788
)


(8,981
)


(3,978
)


(5,887
)Net amount recognized at year-end

$
(5,433
)

$
(93,736
)

$
(3,273
)

$
(67,085
)

$
(93,127
)

$
(38,721
)

$
(83,062
)

$
(36,702
)  F-30




---



##### Table of Contents



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


Postretirement BenefitsYear Ended August 31,


Year Ended August 31,2008


2008Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


PlansNet actuarial loss (gain)

$
82,871


$
7,863


$
(1,441
)

$
(785
)Prior service cost (credit)


409



(10,626
)


(5,704
)


(8,196
)Transition obligation










357



Total

$
83,280


$
(2,763
)

$
(6,788
)

$
(8,981
)     Pension Benefits


Postretirement BenefitsNon-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


PlansActuarial loss (gain)

$
1,575


$
(1,178
)

$



$
(45
)Prior service cost (credit)


210



(609
)


(801
)


(809
)Transition obligation










80



Total

$
1,785


$
(1,787
)

$
(721
)

$
(854
)   Funded
    Status for Defined Benefit Plans
    non-U.S. defined
  August 31,2008


2007U.S.


Non-U.S.


U.S.


Non-U.S.Plans


Plans


Plans


PlansAccumulated benefit obligation

$
914,104


$
592,941


$
934,825


$
545,494  F-31




---



##### Table of Contents



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 Benefits2008


2007


2008


2007Non-U.S.





Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


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

$
126,493


$
271,922


$
133,361


$
212,043


$
112,262


$
29,830


$
107,406


$
30,879Fair value of plan assets






128,177







87,905



25,923







28,322



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

$
126,493


$
238,832


$
133,361


$
188,609


$



$



$



$
Fair value of plan assets






127,877







87,905















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




---



##### Table of Contents



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
  2009 Target


Plan Assets as of August 31,Allocation


2008


2007Non-U.S.





Non-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans


U.S. Plans


PlansAsset CategoryEquity securities


60
%


40-50
%


80
%


43
%


81
%


48
%Debt securities


40



35-45



20



40



18



38Cash and short-term investments






0-5











1



Insurance contracts






0-5







1







1Other






10-15







16







13Total


100
%


100
%


100
%


100
%


100
%


100
%   U.S.
    Postretirement Plan(1)
  2009 Target


August 31,Allocation


2008


2007Asset CategoryEquity securities


36
%


35
%


39
%Debt securities


24



24



16Cash and short-term investments


40



41



45Total


100
%


100
%


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




---



##### Table of Contents



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


Postretirement BenefitsNon-U.S.





Non-U.S.U.S. Plans


Plans


U.S. Plans


Plans2009

$
22,052


$
15,967


$
3,869


$
7322010


25,464



17,871



4,764



8282011


28,141



19,761



5,733



9402012


30,870



22,217



6,602



1,0522013


33,552



25,363



7,753



1,1762014-2018


217,751



157,910



59,248



8,159   Defined
    Contribution Plans
          12.
    SHARE-BASED
    COMPENSATION  Share
    Incentive Plan
   F-34




---



##### Table of Contents



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 31,2008


2007


2006Total share-based compensation expense included in Net income

$
377,365


$
306,795


$
270,884Income tax benefit related to share-based compensation included
    in Net income


119,647



102,823



93,029   Restricted
    Share Units
    2008Number of


Weighted AverageRestricted Share


Grant-Date FairUnits


ValueNonvested balance as of August 31, 2007


40,017,792


$
26.81Granted


13,576,452



37.52Vested


(7,499,963
)


23.56Forfeited


(2,078,211
)


28.13Nonvested balance as of August 31, 2008


44,016,070


$
30.61     Stock
    Options
   F-35




---



##### Table of Contents



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


Contractual Term


Aggregate IntrinsicNumber of Options


Exercise Price


(In Years)


ValueOptions outstanding as of August 31, 2007


42,872,677


$
19.10



5.4


$
954,027Granted


52,704



39.92Exercised


(7,620,233
)


18.93Forfeited


(324,084
)


22.40Options outstanding as of August 31, 2008


34,981,064


$
19.14



4.5


$
779,362Options exercisable as of August 31, 2008


32,789,179


$
18.69



4.3


$
745,341Options exercisable as of August 31, 2007


37,696,081



18.45



5.2



863,541Options exercisable as of August 31, 2006


44,177,710



17.35



5.8



522,702       Year Ended August 31,2008


2007


2006Weighted average grant-date fair value of stock options granted

$
15.51


$
14.15


$
11.13Total fair value of stock options vested


28,483



79,730



102,333Total intrinsic value of stock options exercised


150,711



249,004



197,111       F-36




---



##### Table of Contents



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 31,2008


2007


2006Expected life (in years)


7.0



6.9



7.4Risk-free interest rate


4.35
%


4.65
%


4.15
%Expected volatility


33
%


35
%


37
%Expected dividend yield


1
%


1
%


1
%   Share-Based Payment, Share-Based
    Payment.
  Employee
    Share Purchase Plan
    13.
    SHAREHOLDERS
    EQUITY  Accenture
    Ltd
  Preferred
    Shares
    and/or
 F-37




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Class A
    Common Shares
  winding-up
  Class X
    Common Shares
  winding-up
  Equity of
    Subsidiaries Redeemable or Exchangeable for Accenture Ltd
    Class A Common Shares
  Accenture
    SCA Class I Common Shares
     F-38




---



##### Table of Contents



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
   F-39




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
    14.
    MATERIAL
    TRANSACTIONS AFFECTING SHAREHOLDERS EQUITY  Share
    Purchase And Redemption Activity
      Accenture SCA Class I CommonAccenture Ltd Class A


Shares and Accenture CanadaCommon Shares


Holdings Inc. Exchangeable Shares


TotalShares


Amount


Shares


Amount


Shares


AmountOpen-market share purchases(1)


10,250,028


$
358,052






$




10,250,028


$
358,052Other share purchase programs


5,898,398



196,357
(2)


41,757,115
(3)


1,592,938



47,655,513



1,789,295Other purchases(4)


2,874,791



113,887











2,874,791



113,887Total


19,023,217


$
668,296



41,757,115


$
1,592,938



60,780,332


$
2,261,234    (1)
    
    The Company conducts a publicly
    announced, open-market share purchase program for Accenture Ltd
    Class A common shares. These shares are held as treasury
    shares by one or more subsidiaries of Accenture Ltd and may be
    utilized to provide for select employee benefits, such as equity
    awards to the Companys employees.(2)
    
    On February 1, 2008, Accenture
    Equity Finance B.V., an indirect subsidiary of Accenture SCA,
    purchased 5,898,398 Accenture Ltd Class A common shares at
    a per share price of $33.29, resulting in a cash outlay of
    approximately $196,357. Shares from this transaction were
    purchased from certain former senior executives residing outside
    the United States.(3)
    
    Primarily represents purchases and
    redemptions of Accenture SCA Class I common shares and
    Accenture Canada Holdings Inc. exchangeable shares from current
    and former senior executives and their permitted transferees.(4)
    
    During the year ended
    August 31, 2008, as authorized under the Companys
    various employee equity share plans, the Company acquired
    Accenture Ltd Class A common shares primarily via share
    withholding for payroll tax obligations due from employees and
    former employees in connection with the delivery of Accenture
    Ltd Class A common shares under those plans.   F-40




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  Other
    Share Redemptions
  Form S-3
  Subsequent
    Event
    15.
    LEASE
    COMMITMENTS    August 31,2008


2007


2006Rental expense

$
515,161


$
452,938


$
413,722Sublease income from third parties


37,625



35,147



29,249     Operating


OperatingLease


SubleasePayments


Income2009

$
426,698


$
(37,276
)2010


334,684



(34,272
)2011


265,139



(27,300
)2012


197,310



(24,908
)2013


161,134



(24,078
)Thereafter


874,770



(96,199
)$
2,259,735


$
(244,033
)  F-41




---



##### Table of Contents



ACCENTURE
    LTD
  NOTES TO
    CONSOLIDATED FINANCIAL
    STATEMENTS  (continued)
 (In
    thousands of U.S. dollars, except share and per share amounts or
    as otherwise disclosed)
  16.
    COMMITMENTS
    AND CONTINGENCIES  Guarantees
    and/or
  and/or
  Legal
    Contingencies
  and/or
 F-42




---



##### Table of Contents



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.
    SEGMENT
    REPORTING  Disclosures about Segments of an Enterprise and Related
    Information
      Year Ended August 31:

Comm. &


Financial





Public2008

High Tech


Services


Products(3)


Service(3)


Resources


Other


TotalRevenues before reimbursements

$
5,449,737


$
5,005,039


$
6,068,589


$
2,870,765


$
3,963,477


$
29,195


$
23,386,802Depreciation(1)


72,924



69,566



78,849



42,658



54,866







318,863Operating income


656,785



660,560



863,893



260,245



570,099







3,011,582Assets as of August 31(2)


816,081



303,364



522,526



638,371



480,202



(28,262
)


2,732,2822007Revenues before reimbursements

$
4,600,460


$
4,357,327


$
4,913,220


$
2,560,530


$
3,242,596


$
21,681


$
19,695,814Depreciation(1)


57,294



62,053



58,361



40,632



42,150







260,490Operating income


581,780



490,433



669,201



272,411



478,794







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


774,748



108,180



456,967



451,596



332,719



22,428



2,146,6382006Revenues before reimbursements

$
4,177,061


$
3,558,147


$
4,010,698


$
2,221,121


$
2,665,778


$
13,586


$
16,646,391Depreciation(1)


58,307



57,437



47,350



60,421



43,339







266,854Operating income


630,502



387,786



399,853



83,416



339,502







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


550,333



86,733



357,364



528,415



316,399



21,239



1,860,483    (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, Deferred contract
    costs and current and non-current Deferred revenues.(3)
    
    During the second quarter of fiscal
    2006, in connection with certain large, long-term contracts (the
    NHS Contracts), the Company recorded a $450,000
    aggregate loss provision that was reflected in Cost of services.
    The Company later entered into an agreement to transfer to a
    third party the majority of its rights and obligations under the
    NHS Contracts. This agreement resulted in a $339,000 reduction
    in net revenues in the fourth quarter of fiscal 2006, which was
    offset by a $339,000 decrease in Cost of services, including a
    reversal of the remainder of the loss provision recorded earlier
    in fiscal 2006. These adjustments were reflected in the
    operating results of the Companys Products and Public
    Service operating groups.   F-43




---



##### Table of Contents



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

Americas


EMEA(1)


Asia Pacific


Total2008Net revenues

$
9,725,808


$
11,545,905


$
2,115,089


$
23,386,802Reimbursements


961,683



749,232



216,109



1,927,024Revenues


10,687,491



12,295,137



2,331,198



25,313,826Long-lived assets as of August 31


280,812



295,301



224,051



800,1642007Net revenues

$
8,482,646


$
9,533,746


$
1,679,422


$
19,695,814Reimbursements


869,589



705,851



181,493



1,756,933Revenues


9,352,235



10,239,597



1,860,915



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


320,835



268,355



218,879



808,0692006Net revenues

$
7,741,139


$
7,643,712


$
1,261,540


$
16,646,391Reimbursements


824,750



637,152



120,073



1,581,975Revenues


8,565,889



8,280,864



1,381,613



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


330,185



247,944



149,563



727,692    (1)
    
    EMEA includes Europe, Middle East
    and Africa.    Year Ended August 31,2008


2007


2006United States


34
%


36
%


39
%United Kingdom


12



14



13     August 31,2008


2007


2006United States


29
%


34
%


40
%United Kingdom


10



11



13India


15



15



11  F-44




---



##### Table of Contents



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 31,2008


2007


2006Consulting

$
14,117,186


$
11,856,263


$
9,892,128Outsourcing


9,269,616



7,839,551



6,754,263Net revenues


23,386,802



19,695,814



16,646,391Reimbursements


1,927,024



1,756,933



1,581,975Revenues

$
25,313,826


$
21,452,747


$
18,228,366   18.
    QUARTERLY
    DATA (unaudited)  First


Second


Third


FourthYear Ended August 31, 2008

Quarter


Quarter


Quarter


Quarter


AnnualNet revenues

$
5,673,913


$
5,611,314


$
6,102,059


$
5,999,516


$
23,386,802Reimbursements


428,044



446,309



491,142



561,529



1,927,024Revenues


6,101,957



6,057,623



6,593,201



6,561,045



25,313,826Cost of services before reimbursable expenses


3,968,836



3,958,264



4,179,378



4,094,739



16,201,217Reimbursable expenses


428,044



446,309



491,142



561,529



1,927,024Cost of services


4,396,880



4,404,573



4,670,520



4,656,268



18,128,241Operating income


726,399



638,057



862,154



784,972



3,011,582Net income


381,285



406,557



469,089



434,820



1,691,751Weighted average Class A common shares: Basic


611,842,254



608,472,725



606,513,399



617,165,786



610,949,205 Diluted


839,271,348



827,974,896



816,421,753



809,944,127



822,371,710Earnings per Class A common share: Basic

$
0.62


$
0.67


$
0.77


$
0.70


$
2.77 Diluted

$
0.60


$
0.64


$
0.74


$
0.67


$
2.65Common stock price per share: High

$
42.32


$
38.44


$
42.04


$
42.00


$
42.32 Low

$
33.03


$
31.91


$
32.42


$
38.02


$
31.91   F-45




---



##### Table of Contents



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


Second


Third


FourthYear Ended August 31, 2007

Quarter


Quarter


Quarter


Quarter


AnnualNet revenues

$
4,754,088


$
4,749,838


$
5,081,804


$
5,110,084


$
19,695,814Reimbursements


412,271



419,515



461,880



463,267



1,756,933Revenues


5,166,359



5,169,353



5,543,684



5,573,351



21,452,747Cost of services before reimbursable expenses


3,321,844



3,344,772



3,471,962



3,515,763



13,654,341Reimbursable expenses


412,271



419,515



461,880



463,267



1,756,933Cost of services


3,734,115



3,764,287



3,933,842



3,979,030



15,411,274Operating income


609,592



559,392



681,529



642,106



2,492,619Net income


284,232



296,722



345,400



316,794



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


598,612,668



604,326,019



607,421,151



606,280,399



604,128,805 Diluted


875,778,847



867,842,561



859,715,775



847,442,949



862,431,623Earnings per Class A common share: Basic

$
0.47


$
0.49


$
0.57


$
0.52


$
2.06 Diluted

$
0.46


$
0.47


$
0.54


$
0.50


$
1.97Common stock price per share: High

$
35.17


$
39.25


$
41.19


$
44.03


$
44.03 Low

$
28.28


$
33.45


$
34.28


$
37.25


$
28.28  F-46