The Financial Management industry includes businesses that provide advice and guidance on financial systems and strategy. Industry revenue is expected to increase at a compound annual rate of 3.3% over the five years through 2015-16. Revenue has grown steadily as it has been recovering. Demand for industry services declined before the period when businesses slashed their capital expenditure budgets and the number of corporate transactions fell significantly. Public-sector demand also dwindled and contributed to the fall in revenue before the beginning of the past five year period.
Operators in the Financial Management industry provide advice, guidance and operational assistance to businesses and public-sector organisations on issues such as accounting system design, financial risk management, budgetary control procedures, cost-reduction strategies, compensation and other financial issues. The industry excludes the design of accounting systems software (IBISWorld report J62.010) and accounting and auditing services (IBISWorld report M69.201).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.