CHAPITRE A by zhouwenjuan

VIEWS: 64 PAGES: 414

									                                             Canon's Court
                                          22 Victoria Street
                                       Hamilton HM 12, Bermuda




           ACCENTURE LTD 2001 EMPLOYEE SHARE PURCHASE PLAN, AS AMENDED

               ACCENTURE LTD 2006 VOLUNTARY EQUITY INVESTMENT PROGRAM
               PURSUANT TO THE ACCENTURE LTD 2001 SHARE INCENTIVE PLAN

      Prospectus for the employees of certain European Economic Area ("EEA") subsidiaries
                 of Accenture Ltd subject to the laws applicable in each country




Pursuant to articles L.412-1 and L.621-8 of the Code Monétaire et Financier and its General
Regulation, in particular articles 211-1 to 216-1 thereof, the Autorité des marchés financiers has
attached visa number 07-475 dated December 12, 2007 onto this prospectus. This prospectus was
established by the issuer and incurs the responsibility of its signatories. The visa, pursuant to the
provisions of Article L.621-8-1-I of the Code Monétaire et Financier, was granted after the AMF has
verified that the document is complete and comprehensible, and that the information it contains is
consistent. The visa represents neither the approval of the worthiness of the operation nor the
authentication of the financial and accounting information presented.

This prospectus will be made available to employees of the EEA subsidiaries of Accenture Ltd based in
countries in which offerings under the plans listed above are considered public offerings, subject to the
laws applicable in each country, at the respective head offices of their employers. In addition, this
prospectus along with summary translations (as applicable) will be posted on Accenture Ltd's intranet, and
free copies will be available to the employees upon request by contacting the human resources
departments of their employers.

This prospectus incorporates by reference the consolidated balance sheet and related footnotes of
Accenture Ltd as of August 31, 2005, and the report of the independent registered public accounting firm
with respect to the consolidated balance sheets of Accenture Ltd as of August 31, 2006 and 2005, and the
related consolidated statements of income, shareholders’ equity and comprehensive income and cash
flows for each of the years in the three-year period ended August 31, 2006, included in Accenture Ltd's
Annual Report (Form 10-K) for the year ended August 31, 2006, filed with the United States Securities and
Exchange Commission (the "SEC"), which are included in item 15 of Exhibit IV of the prospectus of
Accenture Ltd that received AMF visa n° 06-476 on December 14, 2006. This document is available on the
website of the AMF at www.amf-france.org, and it may be obtained free of charge upon an employee's
request.
                                              NOTE TO THE PROSPECTUS




This prospectus, which contains material information concerning Accenture Ltd, was established pursuant
to articles 211-1 to 216-1 of the AMF General Regulations. Pursuant to Article 25 of Commission
Regulation (EC) No 809/2004 of 29 April 2004 (the "Prospectus Regulation"), this prospectus consists of
the following parts in the following order:

(1)       a table of contents,

(2)       the summary provided for in Article 5(2) of Directive 2003/71/EC (Chapters A through C constitute
          the prospectus summary),

(3)       the risk factors linked to the issuer and the type of security covered by the issue, and

(4)       Annexes I and III of the Prospectus Regulation which, by application of Articles 3, 4, and 6 of the
          Prospectus Regulation, are required for this offering of equity securities.

This prospectus contains in Chapter D supplemental information concerning Accenture Ltd, the
Accenture Ltd 2001 Employee Share Purchase Plan, as amended on September 4, 2001, and the
Accenture Ltd 2001 Share Incentive Plan, effective as of June 5, 2001 (including the Accenture Ltd 2006
Voluntary Equity Investment Program), as well as the following documents (Exhibits):

−         Accenture Ltd 2001 Employee Share Purchase Plan, as amended on September 4, 2001;

−         Accenture Ltd 2001 Share Incentive Plan, effective as of June 5, 2001;

−         Information Statement on Form DEF 14C (filed by Accenture SCA) with the SEC on October 22,
                1
          2007;

−         Annual Report on Form 10-K for the fiscal year ended August 31, 2007, filed by Accenture Ltd with
          the SEC on October 23, 2007;

−         Definitive Proxy Statement on Form DEF 14A, filed by Accenture Ltd with the SEC on
          December 21, 2006;

−         Current Report on Form 8-K, filed by Accenture Ltd with the SEC on October 25, 2007;

−         Current Report on Form 8-K, filed by Accenture Ltd with the SEC on November 27, 2007;

−         Memorandum of Continuance of Accenture Ltd, dated February 21, 2001; and

−         Form of Bye-laws of Accenture Ltd, effective as of February 2, 2005.




1
     This Information Statement on Schedule 14C, filed by Accenture SCA, a Luxembourg partnership limited by shares
    ("Accenture SCA"), provides certain information with respect to Accenture Ltd's Board of Directors and Executive Officers.
    See Chapter D, Section C, paragraph V, "Organizational Structure" below for further information on Accenture Ltd and its
    relationship with Accenture SCA.




                                                             -2-
                                                          TABLE OF CONTENTS

                             Chapters A through C constitute the prospectus summary.



CHAPTER A: DESCRIPTION OF THE ACCENTURE LTD 2001 EMPLOYEE SHARE PURCHASE
            PLAN AND THE ACCENTURE LTD 2006 VOLUNTARY EQUITY INVESTMENT
            PROGRAM PURSUANT TO THE ACCENTURE LTD 2001 SHARE INCENTIVE
            PLAN FOR THE EMPLOYEES OF CERTAIN EEA SUBSIDIARIES OF
            ACCENTURE LTD ...............................................................................................................8

        I.           THE ESPP............................................................................................................................8

        II.          THE SIP (INCLUDING THE VEIP).......................................................................................9

CHAPTER B: ORGANIZATION AND ACTIVITIES OF ACCENTURE LTD..................................................11

        I.           GENERAL DESCRIPTION OF ACCENTURE ...................................................................11

        II.          GENERAL INFORMATION ABOUT ACCENTURE LTD'S SHARE CAPITAL ...................11

        III.         RISK FACTORS.................................................................................................................11

        IV.          RECENT DEVELOPMENTS ..............................................................................................11

        V.           DOCUMENTS ON DISPLAY..............................................................................................12

CHAPTER C: FINANCIAL INFORMATION CONCERNING ACCENTURE LTD..........................................13

        I.           FINANCIAL INFORMATION CONCERNING ACCENTURE LTD FOR THE THREE
                     FISCAL YEARS ENDED AUGUST 31, 2007, AUGUST 31, 2006, AND AUGUST
                     31, 2005 .............................................................................................................................13

        II.          STATEMENT OF CAPITALIZATION AND INDEBTEDNESS AS OF AUGUST 31,
                     2007 ...................................................................................................................................14

        III.         MAXIMUM DILUTION ........................................................................................................15

CHAPTER D: SUPPLEMENTAL INFORMATION CONCERNING ACCENTURE LTD, THE ESPP,
            THE SIP (INCLUDING THE VEIP).....................................................................................17

        SECTION A – THE ESPP ..................................................................................................................17

        I.           THE OUTLINE....................................................................................................................17

        II.          ELIGIBILITY .......................................................................................................................18

        III.         DELIVERY AND TRANSFERABILITY OF THE SHARES .................................................19

        SECTION B – THE SHARE INCENTIVE PLAN .................................................................................20

        I.           THE OUTLINE....................................................................................................................20

        II.          ELIGIBILITY UNDER THE VEIP ........................................................................................22

        III.         DELIVERY AND TRANSFERABILITY OF THE SHARES UNDER THE VEIP ..................23

        SECTION C – PROVISIONS COMMON TO THE ESPP AND THE SIP (INCLUDING THE
               VEIP) AND PROVISIONS RELATING TO ACCENTURE..................................................23

        I.           RIGHTS RELATED TO THE SHARES ..............................................................................23

        II.          MAXIMUM DILUTION ........................................................................................................27

        III.         NET PROCEEDS UNDER THE ESPP AND THE SIP (INCLUDING THE VEIP) ..............28

        IV.          WORKING CAPITAL STATEMENT ...................................................................................28



                                                                         -3-
      V.        ORGANIZATIONAL STRUCTURE ....................................................................................28

      VI.       BOARD OF DIRECTORS AS OF NOVEMBER 14, 2007 ..................................................29

      VII.      EXECUTIVE OFFICERS AS OF NOVEMBER 14, 2007 ...................................................29

      VIII.     CERTAIN   ADDITIONAL  INFORMATION         REGARDING                   ACCENTURE'S
                DIRECTORS AND EXECUTIVE OFFICERS .....................................................................29

      IX.       EMPLOYEES .....................................................................................................................31

      X.        ACCENTURE'S MAIN SHAREHOLDERS .........................................................................31

      XI.       PARTICULAR PROVISIONS OF ACCENTURE LTD'S BYE-LAWS .................................31

      XII.      TAX CONSEQUENCES.....................................................................................................32



                                                             EXHIBITS

 EXHIBIT I                 ACCENTURE LIMITED 2001 EMPLOYEE SHARE PURCHASE PLAN, AS
                           AMENDED ON SEPTEMBER 4, 2001

 EXHIBIT II                ACCENTURE LIMITED 2001 SHARE INCENTIVE PLAN, AS OF JUNE 5, 2001

 EXHIBIT III               INFORMATION STATEMENT, FILED (BY ACCENTURE SCA) WITH THE SEC
                           ON OCTOBER 22, 2007

 EXHIBIT IV                ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED
                           AUGUST 31, 2007, FILED BY ACCENTURE LTD WITH THE SEC ON
                           OCTOBER 23, 2007

 EXHIBIT V                 DEFINITIVE PROXY STATEMENT, FILED BY ACCENTURE LTD WITH THE
                           SEC ON DECEMBER 21, 2006

 EXHIBIT VI                CURRENT REPORT ON FORM 8-K, FILED BY ACCENTURE LTD WITH THE
                           SEC ON OCTOBER 25, 2007

 EXHIBIT VII               CURRENT REPORT ON FORM 8-K, FILED BY ACCENTURE LTD WITH THE
                           SEC ON NOVEMBER 27, 2007

 EXHIBIT VIII              MEMORANDUM OF                       CONTINUANCE                 OF      ACCENTURE               LTD,       DATED
                           FEBRUARY 21, 2001

 EXHIBIT IX                FORM OF BYE-LAWS                         OF      ACCENTURE               LTD,       EFFECTIVE            AS      OF
                           FEBRUARY 2, 2005



                                                            ANNEXES

ANNEX I                    MINIMUM DISCLOSURE REQUIREMENTS FOR THE SHARE REGISTRATION
                           DOCUMENT (SCHEDULE)

ANNEX III                  MINIMUM DISCLOSURE REQUIREMENTS FOR THE SHARE SECURITIES
                           NOTE (SCHEDULE)




                                                                 -4-
                          IMPORTANT INFORMATION ABOUT CERTAIN RESTRICTIONS

This prospectus is for use solely in connection with offerings under the employee share plans of
Accenture Ltd to certain employees of Accenture Ltd or its subsidiaries in certain jurisdictions
                 1
within the EEA. This prospectus is not to be distributed in any other jurisdiction and is not to be
used in connection with any offer of, or any invitation or solicitation by or on behalf of Accenture
Ltd or any of its affiliates to subscribe for or purchase, securities in any other jurisdiction. With
respect to offerings under the employee share plans of Accenture Ltd to eligible employees in the
U.S., Accenture Ltd has filed with the SEC a registration statement on Form S-8, pursuant to which
it will make available a separate prospectus to its U.S. employees.

This prospectus has not been submitted to the review or registration procedures of the SEC under
the Securities Act or otherwise, any state securities regulator in the U.S., the Australian Securities
and Investments Commission, the Australian Stock Exchange Limited, any other Australian
governmental agency, any regulatory authority in any Canadian territory or province, any Japanese
regulatory authority or any other regulatory authority outside of Europe. The offering of Accenture
Ltd Class A common shares under Accenture Ltd's employee share plans has not been approved
or recommended by any governmental securities regulator.

The distribution of this prospectus and the offer of Accenture Ltd Class A common shares under
Accenture Ltd's employee share plans may be restricted by law in certain jurisdictions. Accenture
Ltd requires persons into whose possession this prospectus comes to inform themselves about
and to observe any such restrictions. This prospectus does not constitute an offer to sell, or an
invitation to purchase, the Accenture Ltd Class A common shares in connection with Accenture
Ltd's employee share plans in any jurisdiction in which such offer or invitation would be unlawful.




1
    (These offerings constitute "offshore transactions" (as such term is defined in Rule 902 under the U.S. Securities Act of 1933,
    as amended (the "Securities Act")) and such employees are not U.S. persons (as such term is defined in Rule 902 under the
    Securities Act) and are not acquiring the securities for the account or benefit of any U.S. person.)




                                                               -5-
                         COMPANY REPRESENTATIVE FOR PROSPECTUS




1   I, Pamela J. Craig, Chief Financial Officer of Accenture Ltd, acting for and on behalf of Accenture
    Ltd, attest that:

2   to my knowledge, after having taken all reasonable measures for this purpose, the information
    contained in this prospectus is in accordance with the facts, and this prospectus makes no omission
    likely to affect its import; and

3   Accenture Ltd has obtained a letter from its independent registered public accounting firm, in which
    such firm acknowledges:

    (i)     the inclusion in this prospectus of its report dated October 22, 2007;

    (ii)    the incorporation by reference in this prospectus of its report dated October 18, 2006; and

    (iii)   that it has, in accordance with the professional standards and interpretations applicable to it,
            read the information pertaining to the financial position and financial statements contained in
            this prospectus and read the entire prospectus.

                                                            /S/ Pamela J. Craig


                                                     Pamela J. Craig
                                                     Chief Financial Officer of Accenture Ltd

                                                     New York, NY, U.S.A., December 11, 2007




                                                   -6-
                                NOTE TO THE PROSPECTUS SUMMARY




                                         PROSPECTUS SUMMARY

                   VISA NUMBER 07-475, DATED DECEMBER 12, 2007, OF THE AMF




                                             Note to the reader:

This summary should be read as an introduction to this prospectus. Any decision to invest in the securities
described herein should be based on consideration of this prospectus as a whole by the investor. Civil
liability attaches to those persons who have presented the summary, including any translation thereof, but
only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the
prospectus.

Where a claim relating to the information contained in this prospectus is brought before a court, the plaintiff
investor might, under the national legislation of the Member States, have to bear the costs of translating the
prospectus before the legal proceedings are initiated.




                                                     -7-
                                     CHAPTER A:
        DESCRIPTION OF THE ACCENTURE LTD 2001 EMPLOYEE SHARE PURCHASE PLAN
          AND THE ACCENTURE LTD 2006 VOLUNTARY EQUITY INVESTMENT PROGRAM
              PURSUANT TO THE ACCENTURE LTD 2001 SHARE INCENTIVE PLAN
           FOR THE EMPLOYEES OF CERTAIN EEA SUBSIDIARIES OF ACCENTURE LTD



Accenture Ltd ("Accenture" or the "Company") is offering certain employees of Accenture and its
participating subsidiaries (the "Participating Subsidiaries"), some of which are located in the EEA, the right
to purchase its Class A common shares (the "Shares") under the Accenture Ltd 2001 Employee Share
Purchase Plan (the "ESPP") and/or the right to purchase and receive Shares, restricted Shares, share
options ("Options"), restricted share units ("RSUs"), share appreciation rights and other share-based
awards (collectively, the "Awards") under the Accenture Ltd 2001 Share Incentive Plan (the "SIP"). Under
the SIP, Accenture also offers Awards (currently, Shares, Options and RSUs) pursuant to a Voluntary
Equity Investment Program (the "VEIP").

Note that the descriptions of the certain plan provisions of the ESPP and the SIP (including the
VEIP) in this Chapter A and Chapter D of the prospectus are executive summaries, that reading
these summaries should not be taken as a substitute for reading the respective plan documents in
their entirety and that these plans may be amended from time to time by the Company's Board of
Directors (the "Board") or the committee that administers these plans.

I.     THE ESPP

Eligible Employees ....... The ESPP is generally offered to eligible employees of Accenture and its
                           Participating Subsidiaries ("Participating Employees").       Currently, senior
                           executives of Accenture and its affiliates are excluded from participating in the
                           ESPP.

Purchase Period and Participating Employees purchase Shares at a discount during successive six-
Dates of Purchase......... month periods (each, a "Purchase Period"), which currently commence on May
                           2 and November 2 (each, a "Commencement Date") and expire on the
                           respective following November 1 and May 1.

                           Shares are purchased on the last regular business day of each Purchase Period
                           (each, a "Date of Exercise").

Enrollment ..................... Participating Employees may submit an enrollment agreement ("Form") from
                                 March 15 through April 15 for the first Purchase Period, and September 15
                                 through October 15 for the second Purchase Period.

                           Once enrolled, Participating Employees are automatically enrolled                in
                           subsequent Purchase Periods until their voluntary or involuntary withdrawal.

                           Unless applicable law requires a paper form, Participating Employees submit
                           the Form electronically through the "myHoldings.accenture.com" intranet site, or
                           to such other location designated by Accenture for this purpose, prior to the
                           commencement of the relevant Purchase Period.

Payroll Deductions........ Up to 10% of their salary per pay period may be credited to an account
                           ("Account") to purchase the Shares. Participating Employees may change such
                           percentage at any time and any such change becomes effective the subsequent
                           Purchase Period.

Participation Limit......... Currently, USD 7,500 per Purchase Period.




                                                    -8-
Purchase Price .............. 85% of the Fair Market Value of a Share on the Date of Exercise (the "Purchase
                              Price"). "Fair Market Value" means the arithmetic mean of the highest and
                              lowest trading prices of Shares as quoted on NYSE on the applicable purchase
                              date.

                             Purchases are limited to USD 25,000 of the Fair Market Value of the Shares per
                             calendar year in which rights under the ESPP are outstanding

Rights ............................. Participating Employees possess all of the rights and privileges of a shareholder
                                     of Accenture at the time the delivery of the Shares acquired under the ESPP.
                                     However, Participating Employees must wait 24 months from the beginning of
                                     the relevant Purchase Period before transferring any acquired Shares to
                                     another account.

                             Rights under the ESPP are generally not transferable by Participating
                             Employees.

Withdrawal ..................... Voluntary: in whole, but not in part, at any time up to two weeks before a Date of
                                 Exercise.

                             Involuntary: upon termination of employment for any reason whatsoever,
                             including, but not limited to, death or retirement, the balance in the Account is
                             paid to the Participating Employee or his/her estate.

II.     THE SIP (INCLUDING THE VEIP)

Eligible Employees ....... Awards under the SIP may be offered to, inter alia, employees, directors,
                           consultants or any persons who perform services for Accenture and its affiliates.
                           Awards under the VEIP are currently offered to senior executives of Accenture
                           and its affiliates (the "VEIP Participants").

Enrollment ..................... Generally, VEIP Participants may enroll during a period before each calendar
                                 year (each year, a "VEIP Year"), and are thereafter automatically enrolled for
                                 subsequent VEIP Years until their voluntary or involuntary withdrawal.

Purchase Period and        Generally, on a monthly basis throughout the VEIP Year on the fifth day of each
Dates of Purchase......... month following the month in which the cash compensation is earned.

Payroll Deductions........ Between 1% and 30% of monthly cash compensation.

Participation Limit......... The maximum aggregate participation limit is 8% of total global senior executive
                             forecasted compensation. In the month that such 8% cap is reached, individual
                             participation by VEIP Participants is reduced on a pro rata basis and further
                             share purchases stop for such VEIP Year.

Purchase Price .............. Shares are purchased at Fair Market Value.

Rights ............................. VEIP Participants possess all of the rights and privileges of a shareholder of
                                     Accenture at the time of the delivery of the Shares acquired under the VEIP.

                             Rights under the VEIP are generally not transferable by VEIP Participants.

Award of Matching                   VEIP Participants who have not withdrawn prior to the end of the VEIP Year are
RSUs............................... awarded on the fifth day of the following year (the "Last Monthly Exercise Date")
                                    RSUs matching 50% of the number of Shares that are both (i) acquired under
                                    the VEIP during the VEIP Year, and (ii) not sold or transferred before the end of
                                    such VEIP Year (the "Matching RSUs").

                             RSUs represent an unsecured promise to deliver Shares pursuant to a vesting


                                                        -9-
                             schedule. No cash consideration is generally paid to receive RSUs or Shares
                             underlying RSUs.

Vesting of Matching                 Vesting and delivery of Shares underlying RSUs generally occurs 24 months
RSUs............................... from the granting of the Matching RSU, so long as the VEIP Participant remains
                                    an employee of Accenture or an affiliate. If a VEIP Participant ceases to be
                                    employed by Accenture or an affiliate after the Last Monthly Exercise Date, the
                                    consequences to his/her Matching RSUs or Matching Options depend on the
                                    reason and timing of the termination.

Matching Options                  The Matching RSUs may take the form of Options ("Matching Options") in a
Alternative...................... limited number of jurisdictions.

Withdrawal ..................... Voluntary: in whole, but not in part, at any time during the VEIP Year.

                             Involuntary: upon termination of employment for any reason whatsoever,
                             including, but not limited to, death or retirement.

                             For both voluntary and involuntary withdrawals, any Shares purchased prior to
                             such termination are retained by the employee and no Matching RSUs or
                             Matching Options shall be awarded.

                 [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]




                                                      - 10 -
                                            CHAPTER B:
                                     ORGANIZATION AND ACTIVITIES
                                         OF ACCENTURE LTD



I.         GENERAL DESCRIPTION OF ACCENTURE

Accenture is one of the world's leading management consulting, technology services and outsourcing
organizations, with approximately 170,000 employees; offices and operations in more than 150 cities in
49 countries; and revenues before reimbursements of USD 19.70 billion for fiscal year 2007 (for further
information regarding Accenture's business, see Exhibit IV hereto, notably pages 1 to 14).

The principal objects of Accenture (further set out in paragraph 6 of its memorandum of continuance,
attached hereto as Exhibit VIII) are to carry on business as a holding company, to coordinate the
administration, policies, management and control of its subsidiaries and affiliates and to provide financing,
management and advisory services to its subsidiaries and affiliates.

Accenture is an exempted company organized under the Companies Act 1981 of Bermuda, with its
registered offices at Canon's Court, 22 Victoria Street, Hamilton HM 12, Bermuda.

Accenture's consolidated accounts are audited by KPMG LLP on a global basis. For historical information
on Accenture's employees, see Chapter D, Section C, paragraph IX, of the prospectus.

II.        GENERAL INFORMATION ABOUT ACCENTURE LTD'S SHARE CAPITAL

Accenture has an authorized share capital comprising 20,000,000,000 Shares, par value USD 0.0000225
per Share; 1,000,000,000 Class X common shares, par value USD 0.0000225 per share; and
2,000,000,000 preferred shares, par value USD 0.0000225 per share.

As of October 15, 2007, 601,032,814 Shares were issued and outstanding (such number does not include
37,111,706 issued Shares held by the Company's subsidiaries), and 159,462,661 Class X common shares
were issued and outstanding. No preferred shares were issued or outstanding. The rights and preferences
of Accenture's authorized preferred shares are currently undesignated.

III.       RISK FACTORS

There are certain risks, uncertainties and other factors that may have an adverse effect on Accenture's
results of operations, financial condition and business. Such risks may be, without limitation, economic,
tax, legal, operational, political or geographic in nature (or a combination of two or more of any such
factors). The foregoing summary of risks is not intended to be exhaustive. Further descriptions of these
and other risks are included on pages 22 ― 39 and 72 of Accenture's Annual Report filed with the SEC on
Form 10-K for the period ended August 31, 2007, attached hereto as Exhibit IV.

Additional risk factors:

In addition to the above, Accenture draws the reader's attention to the following:

       •   The Shares are listed only on the NYSE and not on a regulated market of the EEA.

       •   The present offer pursuant to this prospectus is addressed solely to eligible employees of certain
           EEA subsidiaries of Accenture.

IV.        RECENT DEVELOPMENTS

On September 25, 2007, Accenture declared a cash dividend of USD 0.42 per share on the Shares for
shareholders of record at the close of business on October 12, 2007, which was paid on November 15,
2007.

On October 25, 2007, Accenture announced that its Board had approved USD 3.00 billion of additional
share repurchase authority (for further information, see Exhibit VI attached hereto).




                                                    - 11 -
On November 27, 2007, Accenture announced that the Compensation Committee of the Board modified
the compensatory arrangements of its senior executives for the 2008 compensation year (for further
information, see Exhibit VII attached hereto).

V.    DOCUMENTS ON DISPLAY

Accenture's internet address is www.accenture.com. Accenture's SEC reports can be accessed free of
charge through the investor relations section of its website (http://investor.accenture.com).


              [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]




                                              - 12 -
                                               CHAPTER C:
                            FINANCIAL INFORMATION CONCERNING ACCENTURE LTD




I.        FINANCIAL INFORMATION CONCERNING ACCENTURE LTD FOR THE THREE FISCAL
          YEARS ENDED AUGUST 31, 2007, AUGUST 31, 2006, AND AUGUST 31, 2005

The consolidated financial statements of Accenture set out in this prospectus have been prepared in
accordance with Generally Accepted Accounting Principles in the United States of America (U.S. GAAP),
as authorized by Article 35(3) of the Prospectus Regulation.

The following selected financial data of Accenture has been derived from the historical consolidated
financial statements and should be read in conjunction with the consolidated financial statements and the
notes included therein.

For the consolidated balance sheets of Accenture and subsidiaries as of August 31, 2007 and 2006, and
the related consolidated statements of income, cash flows and shareholders' equity and comprehensive
income for each of the three years in the period ended August 31, 2007, the reader's attention is called to
the Annual Report on Form 10-K of Accenture for the fiscal year ended August 31, 2007, filed with the SEC
on October 23, 2007, and attached hereto as Exhibit IV.

This prospectus incorporates by reference the consolidated balance sheet and related footnotes of
Accenture Ltd as of August 31, 2005, and the report of the independent registered public accounting firm
with respect to the consolidated balance sheets of Accenture Ltd as of August 31, 2006 and 2005, and the
related consolidated statements of income, shareholders’ equity and comprehensive income and cash
flows for each of the years in the three-year period ended August 31, 2006, included in Accenture Ltd's
Annual Report (Form 10-K) for the year ended August 31, 2006, filed with the SEC, which are included in
item 15 of Exhibit IV of the prospectus of Accenture Ltd that received AMF visa n° 06-476 on December 14,
2006. This document is available on the website of the AMF at www.amf-france.org, and it may be
obtained free of charge upon an employee's request.

                                                                                     Year Ended August 31,
                                                                          2007               2006(1)(2)              2005
                                                                                        (in USD millions)
                   Extracts from Income Statement Data:
                   Revenues                                                    21,453              18,228               17,094
                   Operating income                                             2,493               1,841                2,111
                   Net income                                                   1,243                 973                  940
__________________________
(1), (2)     See notes (1) and (2) to the table under "Item 6. Selected Financial Data", on page 46 of Accenture's Annual Report on Form 10-K for
the fiscal year ended August 31, 2007, attached hereto as Exhibit IV.

                                                                                   Year Ended August 31,
                                                                     2007                  2006                  2005
                                                                                        (in USD)

                    Earnings Per Class A Common Share:
                    Basic                                                   2.06              1.65                      1.60
                    Diluted                                                 1.97              1.59                      1.56
                    Dividends per common share                              0.35              0.30                        ⎯
                                                                                     As of August 31,
                                                                     2007                 2006                   2005
                                                                                     (in USD millions)
                    Balance Sheet Data:
                    Total assets                                        10,747                 9,497                  8,957
                    Long-term debt, net of current portion                   3                    27                     44
                    Shareholders' equity                                 2,063                 1,894                  1,697




                                                                    - 13 -
II.    STATEMENT OF CAPITALIZATION AND INDEBTEDNESS AS OF AUGUST 31, 2007

Capitalization and Indebtedness (in thousands of USD)

Total Current debt
  Guaranteed
  Secured
  Unguaranteed / Unsecured                                                             $23,795

Total Non-Current debt (excluding current portion of long-term debt)
  Guaranteed
  Secured
  Unguaranteed / Unsecured                                                              $2,565

Shareholder's equity
  Share capital                                                                       $649,493
  Legal Reserve
  Other Reserves
Total                                                                                 $649,493


Net Indebtedness (in thousands of USD)

A. Cash and B. Cash equivalents                                                     $3,314,396
C. Short-term Investments                                                             $231,278
D. Liquidity (A) + (B) + (C)                                                        $3,545,674

E. Current Financial Receivable
F. Current Bank debt                                                                      $930
G. Current portion of non current debt                                                 $22,865
H. Other current financial debt
I. Current Financial Debt (F) + (G) + (H)                                              $23,795

J. Net Current Financial Indebtedness (I) - (E) - (D)                             ($3,521,879)

K. Non-current Bank loans
L. Bonds Issued
M. Other non-current loans                                                              $2,565

N. Non-current Financial Indebtedness (K) + (L) + (M)                                   $2,565

O. Net Financial Indebtedness (J) + (N)                                           ($3,519,314)


For information relating to Accenture's indirect and contingent indebtedness, see page 70 (Obligations and
Commitments) and pages F-43 to F-44 (Note 15 Commitments and Contingencies) of Accenture's Annual
Report on Form 10-K for the fiscal year ended August 31, 2007, attached hereto as Exhibit IV. As of the
date of this prospectus, and since August 31, 2007, there have been no material changes in the financial
information relating to Accenture's capitalization and indebtedness, as contained in the tables above in this
Section II.




                                                   - 14 -
III.   MAXIMUM DILUTION

Based on the assumptions set forth in Chapter D, Section C, paragraph II of this prospectus, the holdings
of a holder of Shares currently holding 1% of the total outstanding Shares as of October 15, 2007
(i.e., 6,010,328 Shares), who is not a Participating Employee or a VEIP Participant, would be diluted as
indicated in the following table:

                                             Percentage of total          Total number of outstanding
                                             outstanding Shares                     Shares
Before the offering (as of                          1.00%                          601,032,814
October 15, 2007)
After issuance of 9,620,395                         0.98%                          610,653,209
Shares solely under the ESPP
After issuance of 6,256,233                         0.99%                          607,289,047
Shares solely under the VEIP
After issuance of 15,876,628                        0.97%                          616,909,442
Shares under both the ESPP and
VEIP


                 [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]




                                                 - 15 -
          THE FOLLOWING INFORMATION IS NOT PART OF THE PROSPECTUS SUMMARY

                                              RISK FACTORS

See Exhibit IV (Annual Report on Form 10-K for the period ended August 31, 2007, filed by Accenture with
the SEC on October 23, 2007), pages 22 ― 39 and 72.

Additional risk factors:

In addition to the above, Accenture draws the reader's attention to the following:

    •   The Shares are listed only on the NYSE and not on a regulated market of the EEA.

    •   The present offer pursuant to this prospectus is addressed solely to eligible employees of certain
        EEA subsidiaries of Accenture.


                 [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]




                                                    - 16 -
                                      CHAPTER D:
                  SUPPLEMENTAL INFORMATION CONCERNING ACCENTURE LTD,
                          THE ESPP, THE SIP (INCLUDING THE VEIP)



SECTION A – THE ESPP

I.     THE OUTLINE

1.1    Purpose of the ESPP

The purpose of the ESPP is to give eligible employees the ability to share in Accenture's potential future
success. Accenture expects that it will benefit from the added interest that such eligible employees will
have in Accenture's welfare as a result of their increased equity interest in Accenture.

Accenture's Board of Directors approved the adoption of the ESPP on June 5, 2001, as set out in the
Board's unanimous written resolutions on such date. Accenture's shareholders voted to adopt the ESPP at
a special general meeting on June 6, 2001. Unless otherwise defined below, the capitalized terms used
below have the same meanings as those ascribed to them in Chapter A of this prospectus.

1.2    Administration of the ESPP

The ESPP is administered by a committee (the "ESPP Committee") appointed by the Board.                    The
compensation committee of the Board currently serves as the ESPP Committee.

1.3    Shares Offered Under the ESPP

The maximum number of Shares offered for purchase or subscription under the ESPP is 75,000,000,
subject to the provisions relating to adjustments of such number in the event of certain fundamental
changes in the amount (or kind) of Shares. As of November 14, 2007, 24,711,733 Shares remain available
for purchase under the ESPP, representing approximately 4% of the approximately 599,470,245 Shares
(excluding Shares held by Accenture's subsidiaries) outstanding as of such date. Each Accenture Share
has a par value of USD 0.0000225.

For each Purchase Period (as defined in item 1.4 of this Section A), each Participating Employee has the
right to purchase Shares, with payroll deductions (to the extent permitted by applicable law) credited to an
account (the "Account") during each Purchase Period, at the Purchase Price specified in item 1.5 of this
Section A (subject to the limitations imposed by the ESPP). The ESPP Committee has determined that
only whole Shares are delivered in connection with any purchase and that the value of any fractional
Shares is paid to the Participating Employee in cash through payroll, after any applicable tax has been
deducted. Notwithstanding any other provision of the ESPP to the contrary, no Participating Employee in
the ESPP has the right to purchase Shares for any one calendar year under the ESPP or any other
employee share purchase plans of Accenture and its subsidiaries that exceed USD 25,000 of the Fair
Market Value of such Shares (determined at the time such right to purchase is granted). Moreover, as
established by the ESPP Committee, no Participating Employee may currently contribute to the ESPP
more than USD 7,500 during each Purchase Period.

In the event of any share dividend or split, reorganization, recapitalization, merger, consolidation,
amalgamation, spin-off or combination transaction or exchange of shares or other corporate exchange, or
any distribution to shareholders of Shares other than regular cash dividends or any transaction similar to
the foregoing, the ESPP Committee, in its sole discretion and without liability to any person, may make
such substitution or adjustment, if any, as it deems equitable as to: (i) the number or kind of Shares or
other securities issued or reserved for issuance pursuant to the ESPP; (ii) the number or kind of Shares or
other securities subject to outstanding Options; (iii) the Purchase Price; and/or (iv) any other affected terms
of such Options.

1.4    Purchase Period

As established by the ESPP Committee, the ESPP is offered each calendar year and currently operates
with two six-month purchase periods per calendar year (the "Purchase Periods"). The Purchase Periods
currently commence on May 2 and November 2 (each such commencement date of a Purchase Period,
a "Commencement Date") and expire on the respective following November 1 and May 1. Generally, the


                                                    - 17 -
ESPP Committee or Board may modify any terms of the ESPP, including the number and duration of the
Purchase Periods and the dates of the Commencement Dates (e.g., the current Purchase Periods and
related terms could be modified to correspond to the calendar year). Shares are purchased on the last
regular business day of each Purchase Period (the "Date of Exercise").

Once enrolled in the ESPP, Participating Employees' participation in subsequent Purchase Periods takes
place automatically until the employee voluntarily or involuntarily withdraws from the ESPP or the ESPP is
terminated. Currently, a Participating Employee may withdraw from the ESPP during the first Purchase
Period by October 15 and during the second Purchase Period by April 15. Accenture may require
Participating Employees to complete a new Form at any time it deems necessary or desirable to facilitate
ESPP administration or for any other reason.

1.5    Purchase Price

As established by the ESPP Committee, the purchase price per Accenture Share has currently been set at
85% of the Fair Market Value of an Accenture Share on the Date of Exercise (the "Purchase Price"). "Fair
Market Value" means the arithmetic mean of the highest and lowest trading prices of Shares as quoted on
the NYSE on the applicable purchase date.

1.6    Purchase of Stock

As currently established by the ESPP Committee, each Participating Employee who is a participant in the
ESPP for the duration of a Purchase Period is deemed to have exercised his/her right to purchase Shares
on the Date of Exercise, and is deemed to have purchased from the Company the number of whole Shares
that his/her accumulated payroll deductions on such date pays for at the Purchase Price. The value of any
fractional Shares acquired is paid to Participating Employees in cash through payroll (less any applicable
taxes).

1.7    Term of the ESPP

The ESPP continues in effect until the earlier of: (a) June 6, 2011; (b) its termination by the Board; or
(c) the date on which all of the Shares reserved under the ESPP have been purchased.

1.8    Amendment or Discontinuance of the ESPP

The Board may amend, alter or discontinue the ESPP, provided that any such amendment, alteration or
discontinuation cannot be made (i) without Accenture shareholder approval if it were to increase the total
number of Shares reserved for the ESPP (except in the cases described in item 1.3 of this Section A), or
(ii) without Participating Employee consent if it were to impair any of the rights or obligations under any
rights granted to such Participating Employee under the ESPP. Notwithstanding the foregoing, the ESPP
Committee may amend the ESPP as it deems necessary to permit rights granted under the ESPP to meet
the requirements of the Code. Generally, the ESPP Committee or Board may modify any terms of the
ESPP, including the number and duration of the Purchase Periods and the dates of the Commencement
Dates or contribution/participation limits.

II.    ELIGIBILITY

2.1     Eligible Employees

As determined by the ESPP Committee, employees who are employed by any Participating Subsidiary
(including subsidiaries in the EEA) are eligible to participate in an offering under the ESPP, provided that
the ESPP Committee may, to the extent permitted by applicable law, exclude from participation employees:
(i) whose customary employment is twenty hours or less per week (within the meaning of
Section 423(b)(4)(B) of the Code)); (ii) whose customary term of employment is no longer than five months
in any calendar year (within the meaning of Section 423(b)(4)(C) of the Code); (iii) employees who, if
granted a purchase right pursuant to the ESPP, would immediately thereafter own (as determined pursuant
to Section 424(d) of the Code) Shares representing 5% or more of the total combined voting power or value
of all classes of shares of Accenture, its parent or subsidiary (as defined in Section 424(f) of the Code)
corporation (within the meaning of Section 423(b)(3) of the Code); and (iv) employees who are highly
compensated employees (within the meaning of Section 414(q) of the Code). Currently, senior executives
of Accenture and its affiliates are excluded from participating in the ESPP.




                                                  - 18 -
2.2     Participation of Eligible Employees

As established by the ESPP Committee, eligible employees who wish to participate in the ESPP must
complete an enrollment agreement (the "Form") during the designated enrollment period (the "ESPP
Enrollment Period"). Currently, the ESPP Enrollment Period takes place during the period beginning six
weeks prior to the Commencement Date and ending two weeks prior to the Commencement Date
(e.g., from March 15 through April 15 for the first Purchase Period and from September 15 through
October 15 for the second Purchase Period). Unless applicable law requires a paper form, the Form must
be submitted to Accenture electronically through Accenture's "myHoldings.Accenture.com" intranet site, or
to such other entity designated by Accenture for this purpose, at least two weeks prior to the
Commencement Date.

At the end of each Purchase Period, each Participating Employee who continues to be eligible to
participate in the ESPP is automatically re-enrolled in the next Purchase Period, unless the Participating
Employee has advised the Company otherwise or has transferred to an Accenture entity in another
country.

2.3     Payroll Deductions

Employees may authorize payroll deductions (to the extent permitted by applicable law) in an amount
between 1% and 10% (in whole percentages) of their compensation for participation in the ESPP, subject
to the currently defined contribution limit of USD 7,500 per Purchase Period. The Participating Employee
must specify in the Form the percentage from each pay period that he/she authorizes for deduction from
his/her compensation for the ESPP (to the extent permitted by applicable law). During a Purchase Period,
a Participating Employee may change the percentage of authorized deductions by directing Accenture at
the time and in the manner specified by the ESPP Committee. However, any such change will not be
effective until the subsequent Purchase Period.

All payroll deductions made for a Participating Employee are credited to his/her Account under the ESPP.
No interest is paid or credited to the Account of any Participating Employee with respect to such payroll
deductions (except to the extent required by applicable law).

Payroll deductions currently commence on the Commencement Date and continue through subsequent
Purchase Periods until the earlier of (i) the expiration of the term of the ESPP, or (ii) the Participating
Employee's termination of employment, early withdrawal from the ESPP or transfer to an Accenture entity
of another country. Payroll deductions are subject to modification by the Participating Employee as
described in this Section.

2.4     Discontinuance of Participation of Participating Employees

As established by the ESPP Committee, a Participating Employee may withdraw from the ESPP, in whole
but not in part, at any time until the fifteenth day of the month prior to the end of a Purchase Period through
the Enrollment Changes page of Accenture's "myHoldings.Accenture.com" intranet site (or using the
appropriate paper form if required by applicable law), in which event the Company refunds the entire
balance of his/her deductions as soon as practicable thereafter.

If a Participating Employee withdraws from the ESPP, he/she will not participate in a subsequent Purchase
Period unless and until he/she re-enrolls in the ESPP. To re-enroll in the ESPP, an eligible employee must
file a new Form. The eligible employee's re-enrollment will not become effective until the beginning of the
next Purchase Period.

The withdrawal of a Participating Employee from the ESPP as described in this Section is free of charge to
the Participating Employee.

2.5     Termination of Employment of Eligible Employees

Upon termination of employment for any reason whatsoever, including, but not limited to, death or
retirement, the balance in the Account of a Participating Employee is paid to the Participating Employee or
his/her estate.

III.   DELIVERY AND TRANSFERABILITY OF THE SHARES

Following the end of each Purchase Period, the number of Shares purchased by each Participating
Employee is deposited into an account established in the Participating Employee's name at the ESPP
broker, where the Participating Employee may hold or sell such acquired Shares. However, in order to

                                                    - 19 -
transfer such acquired Shares to another account, the Participating Employee must wait 24 months from
the beginning of the relevant Purchase Period.

Rights under the ESPP are not transferable by Participating Employees other than as provided by will or
the governing laws of descent and distribution.

SECTION B – THE SHARE INCENTIVE PLAN

I.     THE OUTLINE

1.1    Purpose of the SIP (including the VEIP)

The purpose of the SIP is to aid Accenture and its affiliates in recruiting, retaining and rewarding key
employees, directors, consultants or other persons of outstanding ability and to motivate such individuals
who perform services for Accenture or an Affiliate to exert their best efforts on behalf of Accenture and its
Affiliates by providing incentives through the granting of Awards. Accenture expects that it will benefit from
the added interest that such key employees, directors, consultants or other persons will have in the welfare
of Accenture as a result of their proprietary interest in Accenture's potential success.

Accenture's Board of Directors approved the adoption of the SIP on June 5, 2001, as set out in the Board's
unanimous written resolutions on such date. Accenture's shareholders voted to adopt the SIP at a special
general meeting on June 6, 2001. The VEIP is a program established under the terms and conditions of
the SIP by the SIP Committee to permit senior executives of Accenture and its affiliates to use a portion of
their cash compensation to purchase Shares. Capitalized terms not defined below have the meaning
ascribed to them in Chapter A of this prospectus.

1.2    Administration of the SIP (including the VEIP)

The SIP is primarily administered by a committee appointed by the Board (the "SIP Committee"). The
compensation committee of the Board currently serves as the SIP Committee. The VEIP is a program
operated under the terms and conditions of the SIP and administered by the SIP Committee.

1.3    Shares Offered Under the SIP (including the VEIP)

The maximum number of Shares offered for purchase or subscription under the SIP is 375,000,000,
subject to the provisions relating to adjustments of such number in the event of certain fundamental
changes in the amount (or kind) of Shares. As of November 14, 2007, there are approximately
241,269,483 Shares available for issuance under the SIP, representing approximately 40% of the
approximately 599,470,245 Shares outstanding as of such date. Each Accenture Share has a par value of
USD 0.0000225.

In the event of any change in the outstanding Shares by reason of any Accenture Share dividend or split,
reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction
or exchange of Shares or other corporate exchange, or any distribution to shareholders of Shares other
than regular cash dividends or any transaction similar to the foregoing, the SIP Committee in its sole
discretion and without liability to any person may make such substitution or adjustment, if any, as it deems
to be equitable to the number or kind of Shares or other securities issued or reserved for issuance pursuant
to the SIP or pursuant to outstanding Awards or to the terms of any outstanding Awards.

1.4    Awards Offered Under the SIP

Pursuant to the terms of the SIP, Accenture may offer Awards in the form of Options or RSUs that provide
employees, directors, consultants or any persons who perform services for Accenture and its affiliates
(collectively, the "Awardees") with a right to acquire Shares. Awards may also be made in the form of
Shares, restricted Shares, share appreciation rights and Other Share-Based Awards (as defined in the
SIP).

Unless otherwise determined by the SIP Committee, Awards are not transferable by the Awardee other
than as provided by will or the governing laws of descent and distribution.

The terms of any Award, including the number of Shares that may be offered and the price payable (if any)
by the Awardee for the Shares subject to an Award, are determined by the SIP Committee in its discretion.
With respect to Awardees who reside or work outside of the United States of America, the SIP Committee
may, in its sole discretion, amend the terms of the SIP or Awards with respect to such Awardees in order to



                                                   - 20 -
conform such terms with the provisions of applicable law, and the SIP Committee may, where appropriate,
establish one or more sub-plans to reflect such amended or varied provisions.

Options represent the right to purchase Shares at a date or dates in the future at a certain exercise price.
Once the Options vest (i.e., when the restrictions on exercise of the Options have lapsed), the Awardee
may exercise the Options to purchase Shares. At the time of exercise, the Awardee must pay the exercise
price in a manner approved by the SIP Committee. Unvested Options are generally forfeited upon
termination of employment. Vested Options are generally exercisable for only a limited time after
termination of employment.

RSUs represent an unsecured promise to deliver Shares to Awardees at a later time. The SIP Committee
determines the terms of a particular RSU agreement, including, without limitation, the vesting schedule
(i.e., the imposition of a restriction that lapses over a period of time) of the RSUs, along with the related
number of shares and their terms of delivery. Generally, if an Awardee remains continuously employed by
Accenture or an affiliate of Accenture until the relevant vesting date, the RSUs vest and Shares are
automatically delivered to the Awardee pursuant to a delivery schedule. The Awardee does not generally
pay any cash consideration to receive the RSUs or the Shares. If the Awardee's employment terminates
before the RSUs are fully vested, any unvested portion of the RSU is generally forfeited and canceled.
Treatment of any vested portion of the RSU depends upon the specific terms of the relevant RSU
agreement and may depend on the reason for the termination.

1.5    Specific Terms of Awards Offered Under the VEIP

       (a)       VEIP Rights to Acquire Shares

Eligible Awardees who choose to participate in the VEIP (the "VEIP Participants") are given the right to
purchase Shares during the calendar year (the "VEIP Year") following their enrollment in the VEIP. As
established by the SIP Committee, VEIP Participants use a percentage of their eligible cash compensation
to purchase Shares on the fifth day of each month following the month in which the cash compensation is
earned (the "Monthly Exercise Date"). Accordingly, the first Monthly Exercise Date of a VEIP Year
currently is February 5 and the last Monthly Exercise Date of a VEIP Year currently is January 5 of the
following calendar year (the "Last Monthly Exercise Date").

       (b)       Exercise Price of VEIP Rights to Acquire Shares

The price at which Shares are acquired on each Monthly Exercise Date is the Fair Market Value of the
Shares on such date. Only whole Shares are purchased. Any amounts of Monthly Contributions
representing fractional Shares entitlements are carried over from one month to the next, with any fractional
amounts remaining at the end of the VEIP Year being refunded to the VEIP Participant in cash after the
Last Monthly Exercise Date.

       (c)       Matching RSUs

All VEIP Participants who on the Last Monthly Exercise Date remain employed by Accenture or an affiliate
of Accenture and who have not withdrawn from the VEIP are granted a matching Award in the form of
RSUs (the "Matching RSUs") on the Last Monthly Exercise Date.

Matching RSUs represent an unsecured promise to deliver Shares equal in number to 50% of the number
of Shares (rounded down to the nearest whole Accenture Share) acquired by the VEIP Participant pursuant
to the VEIP during the preceding calendar year and which the VEIP Participant has not sold or transferred
prior to the Last Monthly Exercise Date.

       (d)       Vesting of Matching RSUs

The Matching RSUs are subject to a 24-month vesting period that begins on the Last Monthly Exercise
Date (the "RSU Vesting Period"). If a VEIP Participant remains an employee of Accenture or an affiliate of
Accenture at the end of the RSU Vesting Period, the Shares subject to the Matching RSUs will be delivered
to the VEIP Participant as soon as practicable following the end of the RSU Vesting Period, unless an
additional voluntary deferral period has been elected (as permitted by applicable law).

       (e)       Matching Options Alternative

In a limited number of jurisdictions where it is deemed beneficial to do so, the Matching Award may take
the form of Options (the "Matching Options"). If the VEIP Participant remains an employee of Accenture or



                                                   - 21 -
an affiliate of Accenture, his/her Matching Options will be exercisable at the end of the RSU Vesting Period
at the prescribed nominal exercise price.

1.6    Amendment or Discontinuance of the SIP (including the VEIP)

The Board may amend, alter or discontinue the SIP (including the VEIP), provided that any such
amendment, alteration or discontinuation shall not be made (i) without Accenture's shareholders' approval if
it were to increase the total number of Shares reserved for the SIP (currently 375,000,000), except in the
cases described in item 1.3 of Section B of this Chapter D, or (ii) without the VEIP Participants consent if it
were to impair any of the rights or obligations under any rights granted to such VEIP Participant under the
SIP. However, the SIP Committee may amend the SIP (including the VEIP) as it deems necessary to
permit Awards to meet the requirements of the Code or other applicable laws.

II.    ELIGIBILITY UNDER THE VEIP

2.1     Eligible Employees

Currently, VEIP Participants that are senior executives at levels one through four of Accenture or any of its
eligible affiliates may participate in the VEIP to the extent legally permissible and practical. Such
employees that transfer internationally within Accenture or any of its affiliates may continue their
participation, subject to administrative and legal feasibility.

2.2     Participation of VEIP Participants

VEIP Participants currently have the opportunity to decide whether to participate during an annual
enrollment period that precedes a VEIP Year. At the end of each VEIP Year in which the VEIP is offered,
each VEIP Participant who continues to be eligible to participate in the VEIP will be automatically re-
enrolled for the following VEIP Year, unless the VEIP Participant has advised the Company otherwise.

2.3     Payroll Deductions

Under the VEIP, VEIP Participants are currently given the right to purchase Shares at Fair Market Value on
a monthly basis with (usually) monthly payroll deductions (as permitted by applicable law) (the "Monthly
Contribution") during the VEIP Year. VEIP Participants can choose a Monthly Contribution of between 1%
and 30% (in whole percentages) of their cash compensation paid each month. The percentage chosen is
based on a VEIP Participant's pre-tax cash compensation, but the Monthly Contribution itself is an after-tax
amount. Once chosen, a VEIP Participant cannot change the amount of the Monthly Contribution for the
remainder of the VEIP Year.

The maximum annual aggregate participation is currently limited to 8% of the total global senior executive
forecasted cash compensation. In the month such 8% cap is reached, individual participation by VEIP
Participants is reduced on a pro rata basis and further share purchases stop for this VEIP Year if the VEIP
is over-subscribed and such 8% cap is reached.

2.4     Discontinuance of Participation of VEIP Participants

A VEIP Participant may decide not to exercise his/her right to purchase Shares under the VEIP during the
VEIP Year and, by doing so, withdraw from the VEIP. The consequences of such withdrawal from the
VEIP program to the employee are the same as if he/she had voluntarily terminated his/her employment at
Accenture (as described in item 2.5 of this Section B).

2.5     Termination of Employment of VEIP Participants

If a VEIP Participant ceases to be employed by Accenture or an affiliate of Accenture before the Last
Monthly Exercise Date, any Monthly Contribution that has not been used to purchase Shares is returned to
the VEIP Participant and his/her participation in the VEIP will be withdrawn immediately.

If a VEIP Participant ceases to be employed by Accenture or an affiliate of Accenture after the Last Monthly
Exercise Date, the consequences for his/her Matching RSUs or Matching Options depend on the reason
for and timing of the VEIP Participant's termination of employment, which are reviewed in the following four
paragraphs.

If a VEIP Participant ceases employment by reason of death or disability, all unvested Matching RSUs or
unvested Matching Options vest immediately. In the case of Matching RSUs, the underlying Shares are



                                                    - 22 -
delivered as soon as reasonably practicable following vesting. Vested Matching Options may be exercised
at any time until they expire (i.e., currently ten years after the Last Monthly Exercise Date).

If a VEIP Participant ceases employment by reason of voluntary termination, he/she forfeits all unvested
Matching RSUs and unvested Matching Options. However, the date on which the Shares underlying
vested Matching RSUs are delivered will not change from the schedule prescribed by the applicable RSU
agreement. Vested Matching Options remain exercisable for 90 days following the date of termination of
employment and then expire, except where a VEIP Participant's employment terminates by reason of
retirement, in which case vested Matching Options may be exercised at any time until they expire
(i.e., currently ten years after the Last Monthly Exercise Date).

If a VEIP Participant ceases employment by reason of involuntary termination within 12 months of the Last
Monthly Exercise Date, 50% of the Matching RSUs or Matching Options will vest at the date of termination
of employment and the remainder will be forfeited. If the VEIP Participant's employment terminates
12 months or later from the Last Monthly Exercise Date, 100% of the Matching RSUs or Matching Options
vest on termination of employment. The date on which the underlying Shares to which vested Matching
RSUs relate are delivered does not change. Vested Matching Options remain exercisable for 180 days
following the date of termination of employment and then expire.

If the employment of a VEIP Participant is terminated or otherwise ceases for cause, he/she forfeits all
Matching RSUs and Matching Options. In addition, Shares delivered pursuant to Matching RSUs and
Matching Options are retracted if permitted by applicable law.

Regardless of the reason for a VEIP Participant's cessation of employment, if he/she ceases employment
before a Matching RSU or a Matching Option has been granted, no grant of a Matching RSU or a Matching
Option is made.

III.   DELIVERY AND TRANSFERABILITY OF THE SHARES UNDER THE VEIP

Currently, delivery of Shares underlying RSUs or Options occurs 24 months from the granting of the
Matching RSU or Matching Option (i.e., currently 24 months from January 5), unless an additional voluntary
deferral period is elected (as permitted by applicable law).

Rights under the VEIP are not transferable by VEIP Participants other than as provided by will or the
governing laws of descent and distribution.

SECTION C – PROVISIONS COMMON TO THE ESPP AND THE SIP (INCLUDING THE VEIP) AND
         PROVISIONS RELATING TO ACCENTURE

I.     RIGHTS RELATED TO THE SHARES

1.1    Type and the Class of the Securities Being Offered, Including the Security Identification
       Code

Accenture has an authorized share capital comprising 20,000,000,000 Class A common shares, par value
USD 0.0000225 per share; 1,000,000,000 Class X common shares, par value USD 0.0000225 per share;
and 2,000,000,000 preferred shares, par value USD 0.0000225 per share. As of October 15, 2007,
601,032,814 Class A common shares were issued and outstanding (which number does not include
37,111,706 issued Class A common shares held by the Company's subsidiaries); and 159,462,661 Class X
common shares were issued and outstanding. No preferred shares were issued or outstanding.

The Shares are listed on NYSE under the symbol "ACN".            The CUSIP number for the Shares is
G1150G111.

1.2    Legislation Under Which the Securities Have Been Created

The Shares were created under the Companies Act 1981 of Bermuda. Subject to the terms of awards of
Shares under and pursuant to the ESPP and the SIP (including the VEIP), the rights and restrictions
attaching to the Shares are governed by Accenture's Bye-laws and the laws of Bermuda.

1.3    Form of Securities, Name and Address of the Entity in Charge of Keeping the Records

Shares are issued in registered form. In general, Shares may be held by shareholders in their own names
or in the names of brokers or other nominees (commonly known as in "street name"). The Company's



                                                 - 23 -
transfer agents and registrars are Reid Management Ltd in Bermuda and National City Bank in the United
States.
National City Bank can be contacted through the web at shareholder.inquiries@nationalcity.com by
telephone at 001-800-622-6757 or by mail at: National City Bank, Dept. 5352, Corporate Trust Operations,
P.O. Box 92301.
The Company's designated ESPP broker for all relevant EEA Accenture employees participating in this
offer (except for any such employees in Portugal) is currently Smith Barney. In Portugal, the Company's
designated ESPP broker is Banco de Investimento Global S.A. The addresses and telephone numbers of
Smith Barney and Banco de Investimento Global S.A., respectively are:

Smith Barney
388 Greenwhich Street
18F New York, NY 10013
U.S.A.

Telephone: +1-212-615-7955

Banco de Investimento Global S.A.
Raça Duque de Saldaña
N°1, 8° - 1050
Lisboa
Portugal

Telephone (of contact – Sonia Vilica): +351 213 305 512

Participating Employees are informed of the number of Shares purchased via periodic statements.
Participating Employees are not charged broker fees when Shares are purchased under the ESPP.
The Company's designated VEIP broker for all relevant EEA Accenture employees participating in the VEIP
offer is currently UBS Financial Services ("UBS"). The address and telephone number of UBS is:

UBS Financial Services
Corporate Employee Financial Services
P.O. Box 830 Weehawker, NJ 07086-0830
U.S.A.

Telephone: +1-201-272-7563

VEIP Participants are informed of the number of Shares purchased via periodic statements.             VEIP
Participants are not charged broker fees when Shares are purchased under the VEIP.
The SEC imposes a fee on the transfer of shares. This fee is paid to the SEC at the time of sale and is
required for all equity trades. Upon selling the Shares, the Participating Employee/VEIP Participant will be
charged a fee currently equal to USD 0.0000307 multiplied by the total principal amount of the sale
proceeds. The fee will be reduced to USD 0.0000153, which will become effective thirty (30) days after the
date of enactment of the SEC's regular appropriation for the 2007 fiscal year.

1.4    Currency of the Securities Issue

United States Dollar.

1.5    Rights Attached to the Securities

The rights attaching to the Shares and Class X common shares can be varied with the consent in writing of
the holders of not less than 50% of the issued shares of the relevant class or with the sanction of a
resolution passed at a separate class meeting of holders of shares of that class approved by not less than
50% of the votes cast. Dissenters' rights apply under Bermuda law in respect of share right variations,
under which the holders of not less than 10% of the issued shares of the relevant class may apply to the
court in Bermuda to have the variation cancelled.

There are no provisions under Bermuda law or the Bye-laws of Accenture requiring shareholder ownership
or certain levels of shareholder ownership to be disclosed in Bermuda.




                                                  - 24 -
No Participating Employee or Awardee shall have any voting, dividend, or other shareholder rights with
respect to any Shares offered under the ESPP or the SIP (including the VEIP) until the Shares have been
purchased and registered in the name of the Participating Employee or Awardee (or his or her nominee).

Following such purchase and registration, the Participating Employee or Awardee (or his or her nominee)
shall be entitled to the rights attached to the Shares, as further described below:

Dividend Rights. Accenture's Board may from time to time make distributions to its shareholders subject
to Accenture's Bye-laws and the limitation set out in section 54 of the Companies Act 1981 of Bermuda, as
summarized below.

No distribution may be made if there are reasonable grounds for believing that, at the relevant time:

(a)    Accenture is, or would after the payment be, unable to pay its liabilities as they become due; or

(b)    the realizable value of Accenture's assets would, as a result of the distribution, be less than the
       aggregate of its liabilities and its issued share capital and share premium accounts.

Each Accenture Share is entitled to a pro rata part of any dividend declared by the Board, subject to any
preferred dividend rights of any preferred shares then outstanding. There currently are no outstanding
preferred shares. Class X common shares are not entitled to dividends.

There are no fixed dates upon which entitlements to dividends arise under the rights attaching to the
Shares. Any dividend or distribution entitlement which is unclaimed for a period of six years from the date
on which it became payable is forfeited and reverts to Accenture. The amount of any dividend declared in
respect of the Shares is in the discretion of the Accenture Board and there is no fixed or prescribed basis
for calculation of dividends on Shares or the timing of the declaration or payment of dividends on Shares.
There are no cumulative rights in respect of dividends on Shares. The Shares do not represent any fixed
right of the shareholder to participate in the profits of Accenture.

Right to Receive Liquidation Distributions. Except as otherwise provided in accordance with
Accenture's Bye-laws, on a winding-up of Accenture, each Accenture Share would be entitled to be paid a
pro rata part of the value of Accenture's assets remaining after payment of Accenture's liabilities, subject to
any preferred rights on liquidation of any preferred shares. Accenture's Class X common shares would not
be entitled to be paid any amount upon a winding-up of Accenture.

Dilution. Accenture's Board has authority to issue authorized but unissued Shares, Class X common
shares or preferred shares, without further vote or action by Accenture's shareholders, up to the maximum
number authorized in each share class. The Board has power to determine the rights and restrictions and
preferences to attach to the preference shares

Any preference shares issued by the Board could rank in priority to the Shares with respect to dividends,
voting rights and liquidation rights.

Preemptive, Redemption or Conversion Provisions. Holders of Shares and Class X common shares do
not have pre-emptive rights.

Shares are not redeemable, although such shares may from time to time be repurchased by agreement
between Accenture and the relevant shareholder.

Accenture may, at its option, redeem at any time any Class X common share for a redemption price equal
to the par value of such Class X common share, or USD 0.0000225 per share. Accenture has separately
agreed not to redeem any Class X common share of a holder if the redemption would reduce the number of
Class X common shares held by that holder to a number that is less than the number of Accenture SCA
Class I common shares or Accenture Canada Holdings Inc. exchangeable shares held by that holder, as
the case may be.

Shares and Accenture Class X common shares are not convertible.

Transfer. Shares are, subject to certain restrictions on transfer applicable to some employee and ex-
employee shareholders, transferable by their holders. Class X common shares are transferable by their
holders only with consent of Accenture.

There is no takeover control legislation in Bermuda applicable to Accenture or any provisions in the Bye-
laws of Accenture limiting the ability of a shareholder to acquire control of the Company.


                                                    - 25 -
Voting Rights. Holders of Shares and Class X common shares are entitled to one vote for each share
held and vote together as a single class on all matters submitted to a vote of shareholders, except for those
matters for which a class vote is required under Bermuda law, where a separate vote of the shareholders of
the affected class only is required.

Under Bermuda law, and except as otherwise provided in the Companies Act 1981 of Bermuda or
Accenture's Bye-laws, questions brought before a general meeting of shareholders are decided by a
majority vote of the shareholders present in person or by proxy at the meeting and entitled to vote.
Accenture's Bye-laws provide that, subject to the provisions of the Companies Act 1981 of Bermuda, any
question proposed for the consideration of the shareholders will be decided by a simple majority of the
votes cast (except in the case of amendments to certain provisions of Accenture's Bye-laws, such as those
relating to amalgamations, discontinuances, asset sales and the appointment and resignation of directors,
where an 80% majority may be required if such amendments are not approved by the Board).

Meetings. The annual general meeting of the shareholders of Accenture for the election of directors and
for the transaction of such other business as properly may be submitted to such annual meeting, shall be
held at the time and place designated by the Board, and must be called by at least 30 clear days' notice.

Bermuda law provides that a special general meeting may be called by Accenture's Board, and must be
called upon the request of shareholders holding not less than 10% of the aggregate outstanding Shares
and Class X common shares. A special general meeting must be called by at least 10 clear days' notice.

Shareholder Proposals. Under Bermuda law, shareholders who collectively hold at least 5% of the total
voting rights of Accenture's aggregate outstanding Shares and Accenture's Class X common shares, or
any group comprised of at least 100 or more registered shareholders, may, subject to certain conditions,
require a proposal to be submitted to an annual general meeting of shareholders.

Quorum. At any meeting of the shareholders, and except as otherwise provided by the Companies Acts or
the Bye-Laws, two shareholders present in person or by proxy and having the right to attend and vote at
the meeting and holding shares representing more than 50 per cent of the votes that may be cast by all
shareholders at the relevant time shall constitute a quorum.

Directors. Subject to certain limitations, all powers of management of Accenture are under the control of
Accenture's Board. The Board may delegate any powers of management to its officers. Accenture's
Bye-laws divide Accenture's Board into three classes, with members of each class being elected for three-
year terms. Accenture's Board determines the number of directors to serve from time to time, which must
be not less than 8 and not more than 15.

The election of Accenture's directors is determined by a majority of the votes cast at the general meeting at
which the relevant class of directors are elected. Accenture's shareholders do not have cumulative voting
rights. Accordingly, the holders of a majority of the voting rights attaching to Accenture's common shares
will, as a practical matter, be entitled to control the election of all directors.

Accenture's Board has adopted guidelines providing that, except for Accenture's chief executive officer and
up to two additional inside directors designated by Accenture's chief executive officer, Accenture's directors
will not be allowed to serve more than three consecutive terms.

Accenture's Board may fill a vacancy resulting from the resignation or termination of office of any director
until the next annual general meeting.

A director may be removed by a 66⅔% majority vote of certain employee shareholders where such
employee shareholders hold Shares representing more than 50% of all votes capable of being cast
generally on shareholder resolutions or, where such requirement is not fulfilled, by a vote of 75% of the
other directors.

Amendment of Constitutional Documents. Bermuda law provides that a company's memorandum of
association or continuance may be amended by a resolution passed at a properly convened general
meeting of shareholders. An amendment to the memorandum of association or continuance to include
certain restricted business activities also requires the approval of the Bermuda Minister of Finance, who
may grant or withhold approval at his or her discretion.

Under Bermuda law, the holders of an aggregate of no less than 20% in par value of Accenture's issued
share capital or any class of issued share capital have the right to apply to the Bermuda Court for an
annulment of any amendment of the memorandum of association or continuance adopted by shareholders


                                                   - 26 -
at any general meeting, other than an amendment that alters or reduces share capital. Where such an
application is made, the amendment becomes effective only to the extent that it is confirmed by the
Bermuda Court. An application for the annulment of an amendment of the memorandum of association or
continuance must be made within 21 days after the date on which the resolution altering the company's
memorandum is passed and may be made on behalf of the persons entitled to make the application by one
or more of their number as they may appoint in writing for the purpose. No such application may be made
by persons voting in favor of the amendment.

Amendments to Accenture's Bye-laws must be approved by Accenture's Board and by shareholders by a
resolution passed by the holders of a majority of the votes cast, except for amendments to the provisions of
Accenture's Bye-laws relating to amalgamations, discontinuance, any sale, lease or exchange by
Accenture of all or substantially all of Accenture's property or assets and the appointment and removal of
directors which have not been approved by Accenture's Board, where shareholders holding not less than
80% of Accenture's issued and outstanding voting shares must approve the amendment.

1.6    Transferability

The Shares in this offering under the ESPP and the SIP (including the VEIP) are registered on a
registration statement on Form S-8 with the SEC and are generally freely transferable.
The ESPP and the SIP (including the VEIP) are intended to provide Shares for investment and not for
resale. Accenture does not, however, intend to restrict or influence any Participating Employee or VEIP
Participant in the conduct of his or her own affairs. A Participating Employee or VEIP Participant (other
than certain Participating Employees and/or VEIP Participants in France – see paragraph XII of this
Section C), therefore, may sell Shares purchased under the ESPP or the SIP (including the VEIP) at any
time he or she chooses, subject to compliance with any applicable securities laws and the Company's
internal policies. THE PARTICIPATING EMPLOYEE/VEIP PARTICIPANT ASSUMES THE RISK OF ANY
MARKET FLUCTUATIONS IN THE PRICE OF THE SHARES.

II.    MAXIMUM DILUTION

The Shares under the ESPP are offered pursuant to this prospectus to an estimated 54,334 Participating
Employees. The aggregate amount of eligible compensation to such Participating Employees to purchase
Shares under the ESPP during the period covered by this prospectus is estimated to be approximately
USD 3,186,275,000. Under the terms indicated in Chapter D, Section A, paragraph I, item 1.3 of this
prospectus, assuming that current salary levels remain constant; the Participating Employees each elect to
purchase the maximum number of Shares permitted based on the maximum allowable percentage (10%)
of their eligible compensation; and a constant Fair Market Value of the Shares (which was USD 38.97 on
November 1, 2007), the maximum number of Shares offered pursuant to this prospectus in respect of the
ESPP amounts to 9,620,395 Shares, based on a 15% discount and a resulting purchase price of
USD 33.12.

The Shares under the VEIP are offered pursuant to this prospectus to an estimated 1,857 VEIP
Participants. As indicated in Chapter D, Section B, paragraph II, item 2.3 of this prospectus, the maximum
rate at which VEIP Participants may purchase Shares under the VEIP is currently 30% of their eligible
gross compensation. The average eligible gross compensation of each VEIP Participant covered by this
prospectus for calendar year 2008 is estimated to be USD 291,750. If it is assumed that the 8% maximum
global compensation limit described in Chapter D, Section B, paragraph II, item 2.3 of this prospectus
would not be exceeded and that if the Fair Market Value, as of November 1, 2007, of the Shares remains
level throughout the year, each VEIP Participant would be entitled to purchase a maximum of
approximately 2,246 Shares under the VEIP and, to the extent that such purchased Shares continue to be
owned at the end of calendar year, would receive a matching RSU grant covering an additional 1,123
Shares. Assuming that all VEIP Participants purchase the average maximum of 2,246 Shares in the VEIP
and eventually receive 1,123 Shares pursuant to the matching RSU grant, the maximum number of Shares
offered pursuant to this prospectus in respect of the VEIP amounts to 6,256,233 Shares.

Assuming maximum acquisitions as outlined above under both the ESPP and VEIP, the maximum number
of Shares being offered pursuant to this prospectus amounts to 15,876,628 Shares.

Based on the above assumptions, the holdings of a holder of Shares currently holding 1% of the total
outstanding Shares as of October 15, 2007 (i.e., 6,010,328 Shares), and who is not a Participating
Employee or a VEIP Participant, would be diluted as indicated in the following table:


                                                  - 27 -
                                             Percentage of the total          Total number of outstanding
                                              outstanding Shares                        Shares
Before the offering (as of                            1.00%                            601,032,814
October 15, 2007)
After issuance of 9,620,395                           0.98%                            610,653,209
Shares solely under the ESPP
After issuance of 6,256,233                           0.99%                            607,289,047
Shares solely under the VEIP
After issuance of 15,876,628                          0.97%                            616,909,442
Shares under both the ESPP and
VEIP


III.   NET PROCEEDS UNDER THE ESPP AND THE SIP (INCLUDING THE VEIP)

Assuming, using the examples provided in Section II of this Chapter D, that each of the Participating
Employees would purchase the maximum amount of Shares under the ESPP offered pursuant to this
prospectus, then the gross proceeds of Accenture in connection with the offer under the ESPP pursuant to
this prospectus would be approximately USD 318,627,500. Assuming, using the examples provided in
Section II of this Chapter D, that each of the VEIP Participants would purchase the maximum amount of
Shares under the VEIP offered pursuant to this prospectus, that is, an average of USD 87,525 each, then
the gross proceeds of Accenture in connection with the offer under the VEIP pursuant to this prospectus
would be approximately USD 162,533,925. Based on the foregoing assumptions, the aggregate proceeds
of Accenture pursuant to the ESPP and VEIP would be approximately USD 481,161,425. After deducting
legal and accounting expenses in connection with the preparation of this prospectus, its review by the AMF
and its passporting into the relevant EEA jurisdictions, the net proceeds, based on the above assumptions,
would be approximately USD 481,011,425.

IV.    WORKING CAPITAL STATEMENT

As of the date of this prospectus and for the next twelve months, Accenture believes (i) that its available
cash balances and the cash flows expected to be generated from operations will be sufficient to satisfy its
current and planned working capital and investment needs, and (ii) that Accenture's longer-term working
capital and other general corporate funding requirements will be satisfied through cash flows from
operations and, to the extent necessary, from its borrowing facilities and future financial market activities.

V.     ORGANIZATIONAL STRUCTURE

Accenture is the parent company of the Accenture group. Accenture holds, directly or indirectly, the capital
and voting rights of each of the subsidiaries listed in Exhibit 21.1 to the Annual Report on Form 10-K for the
fiscal year ended August 31, 2007, filed by Accenture with the SEC on October 23, 2007, attached hereto
as Exhibit IV.

Accenture is an exempted company organized under the Companies Act 1981 of Bermuda with no material
assets other than Class II and Class III common shares in its subsidiary, Accenture SCA. Accenture's only
business is to hold these shares and to act as the sole general partner of Accenture SCA. As the general
partner of Accenture SCA and as a result of Accenture's majority voting interest in Accenture SCA,
Accenture controls Accenture SCA's management and operations and consolidates Accenture SCA's
results in its financial statements. Accenture operates its business through subsidiaries of Accenture SCA.
Accenture SCA generally reimburses Accenture for its expenses but does not pay Accenture any fees.

In connection with the Company's transition to a corporate structure in fiscal year 2001, Accenture's
partners generally exchanged all of their interests in Accenture's prior series of partnerships and
corporations under control of the partners for Shares or, in the case of partners in certain countries,
Accenture SCA Class I common shares or exchangeable shares issued by Accenture Canada
Holdings Inc., an indirect subsidiary of Accenture SCA. Generally, partners who received Accenture SCA
Class I common shares or Accenture Canada Holdings Inc. exchangeable shares also received a
corresponding number of Accenture's Class X common shares, which entitle their holders to vote at
Accenture's shareholder meetings but do not carry any economic rights.




                                                   - 28 -
VI.        BOARD OF DIRECTORS AS OF NOVEMBER 14, 2007

                 Name                            Age                            Position
    William D. Green                              54          Chairman of the Board of Directors and Chief
                                                              Executive Officer
    Sir Mark Moody-Stuart                         67          Director
    Blythe J. McGarvie                            50          Director
    Dina Dublon                                   54          Director
    Robert I. Lipp                                69          Director
    Wulf von Schimmelmann                         60          Director
    William L. Kimsey                             65          Director
    Dennis F. Hightower                           66          Director
    Marjorie Magner                               58          Director
    Nobuyuki Idei                                 70          Director

VII.       EXECUTIVE OFFICERS AS OF NOVEMBER 14, 2007

    Name                                         Age                                  Position

    Kevin Campbell                                47           Group Chief Executive — Outsourcing
    Gianfranco Casati                             48          Group Chief Executive — Products
    Martin I. Cole                                51          Group Chief Executive — Communications & High
                                                              Tech
    Anthony G. Coughlan                           50          Principal Accounting Officer and Controller
    Pamela J. Craig                               50          Chief Financial Officer
    Karl-Heinz Flöther                            55          Group Chief Executive — Systems Integration &
                                                              Technology
    Mark Foster                                   48          Group Chief Executive — Management Consulting
                                                              & Integrated Markets
    Robert N. Frerichs                            55          Chief Risk Officer
    William D. Green                              54          Chief Executive Officer and Chairman of the Board
                                                              of Directors
    Lisa M. Mascolo                               47          Group Chief Executive — Public Service
                    1
    Pierre Nanterme                               48          Group Chief Executive — Financial Services
    Stephen J. Rohleder                           50          Chief Operating Officer
    Douglas G. Scrivner                           56          General Counsel, Secretary and Compliance
                                                              Officer
    Alexander M. van't Noordende                  44          Group Chief Executive — Resources

VIII.      CERTAIN ADDITIONAL INFORMATION REGARDING ACCENTURE'S DIRECTORS AND
           EXECUTIVE OFFICERS

For at least the previous five years, none of the directors or executive officers of Accenture named in
paragraphs VI and VII of this Section C has:

         (a)    been convicted in relation to fraudulent offenses;

         (b)    been associated with any bankruptcies, receiverships or liquidations when acting in their
                                                                         2
                capacity of directors or executive officers of Accenture; or


1
    Pierre Nanterme became Accenture's Group Chief Executive — Financial Services, on September 1, 2007. As of October 9,
    2007, Mr. Nanterme beneficially owns 355,007 Class A common shares, representing less than 1% of the outstanding
    Class A common shares, and 351,597 Class X common shares, representing less than 1% of the outstanding Class X
    common shares.




                                                          - 29 -
         (c)     been subject to any official public incrimination and/or sanctions by statutory or regulatory
                 authorities (including designated professional bodies) or ever been disqualified by a court from
                 acting as a member of the administrative, management or supervisory bodies of an issuer or
                 from acting in the management or conduct of the affairs of any issuer.

There are no family relationships between any of the directors and executive officers listed in paragraphs
VI and VII of this Section C.

Accenture's directors and executive officers for the 2007 financial year were the same as those listed in
paragraphs VI and VII of this Section C, with the following changes: (i) on October 31, 2006, Ms. Pamela C.
Craig succeeded Mr. Michael G. McGrath as Chief Financial Officer; and (ii) on September 1, 2007,
Mr. Pierre Nanterme succeeded Mr. Adrian Lajtha as Group Chief Executive - Financial Services.

In relation to the 2007 financial year, the total salary paid to such directors and executive officers was
USD 25,583,843 (excluding bonuses, which have not yet been remitted and the stipends of three of
Accenture’s non-management directors, who elected to receive their compensation in the form of RSUs, as
further described below).

The total expense recognized by Accenture in financial year 2007 related to RSUs and options granted to
its directors and executive officers during the 2007 financial year was USD 19,959,821 and USD 757,969,
respectively. These amounts are based on assumptions set forth in Note 11 (Share-Based Compensation)
to the Consolidated Financial Statements in Part II, Item 8 of Accenture's Annual Report on Form 10-K for
the financial year ended August 31, 2007, attached hereto as Exhibit IV. These amounts include the
compensation of non-management directors Robert I. Lipp, Marjorie Magner and Sir Mark Moody-Stuart,
who each elected to receive 100% of his or her annual retainer and other compensation for board
committee service in the form of fully vested RSUs.

Based on certain assumptions and judgments, the estimated aggregate value of in-kind benefits paid to
directors and officers in financial year 2007 did not exceed 1.75% of the total salary (excluding bonuses,
which have not yet been remitted and the stipends of three of Accenture’s non-management directors, who
elected to receive their compensation in the form of RSUs) paid to directors and executive officers.

The aggregate number of outstanding stock options held by each executive officer as of November 14,
2007, was as follows:

                                                          Aggregate Number of Outstanding Stock Options
                         Name
                                                                     as of November 14, 2007
        Kevin Campbell                                                       100,000
        Gianfranco Casati                                                     25,968
        Martin I. Cole                                                        27,335
        Anthony G. Coughlan                                                   16,401
        Pamela J. Craig                                                       27,335
        Karl-Heinz Flöther                                                    28,975
        Mark Foster                                                           32,529
        Robert N. Frerichs                                                    19,135
        William D. Green                                                      30,720
        Lisa M. Mascolo                                                       16,401
        Pierre Nanterme                                                       16,237
        Stephen J. Rohleder                                                   27,335
        Douglas G. Scrivner                                                      –
        Alexander M. van't Noordende                                          10,715




2
    However, Dennis F. Hightower serves as a Director on the Board of Directors of Northwest Airlines, Inc., which filed for
    bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code on September 14, 2005.




                                                           - 30 -
Accenture has not granted any stock options to its directors since the 2004 financial year. The aggregate
number of outstanding stock options held by each non-management director as of November 14, 2007,
was as follows:

                                                           Aggregate Number of Outstanding Stock Options
                         Name
                                                                      as of November 14, 2007
      Dina Dublon                                                              55,000
      Dennis F. Hightower                                                        –
      Nobuyuki Idei                                                              –
      William L. Kimsey                                                        35,000
      Robert I. Lipp                                                           55,000
      Marjorie Magner                                                            –
      Blythe J. McGarvie                                                       30,000
      Sir Mark Moody-Stuart                                                    55,000
      Wulf von Schimmelmann                                                    55,000

All stock option grants to non-management directors are fully vested.

IX.       EMPLOYEES

The following chart sets forth historical information regarding the approximate number of Accenture's
employees for each of the fiscal years ended August 31, 2007, 2006 and 2005:

                                  FY 2007                        FY 2006                        FY 2005

Totals                            170,000                        140,000                        123,000

X.        ACCENTURE'S MAIN SHAREHOLDERS

To Accenture's knowledge, based upon Schedules 13G that were filed with the SEC before November 15,
2007, the following parties beneficially held, as of the relevant dates indicated below, 5% or more of the
total outstanding number of Shares:

                                                                                            Percentage ownership
                                                             Number of Shares
                                                                                                based on such
                                                            beneficially owned by
      Name of Beneficial Owner                                                              reported amounts and
                                                          reporting company as of
                                                                                             Shares outstanding
                                                         its most recent SEC filing
                                                                                            as of October 15, 2007

      Wellington Management Company LLP                           44,493,148(1)                      7.4%(1)
      75 State Street
      Boston, Massachusetts
      02109 U.S.A.

      Barclays Global Investors, NA et al.                        38,593,523(2)                      6.4%(2)
      45 Fremont Street
      San Francisco, California 94105 U.S.A.

      Approximate totals for funds managed                        59,519,899(2)                      9.9%(2)
      by affiliates of Barclays Global Investors,
      NA et al.

         (1)   Based on information set forth in amendment number 4 to Schedule 13G, filed with the SEC on February 14, 2007,
               by Wellington Management Co. LLP.
         (2)   Based on information set forth in a Schedule 13G filed with the SEC on January 23, 2007, by Barclays Global
               Investors, NA and certain related entities.

XI.       PARTICULAR PROVISIONS OF ACCENTURE LTD'S BYE-LAWS

The annual general meeting of Accenture's shareholders is held at the date, time and place as determined
by Accenture's Board of Directors and according to the requirements of the Companies Acts of Bermuda
and must be called by at least 30 clear days' notice. All persons who are registered holders of Shares or


                                                            - 31 -
Class X common shares at the close of business on the record date (as selected by the Board of Directors)
are entitled to vote at the annual general meeting. At the annual general meeting, the shareholders elect
directors to fill open positions on the Board and address such other matters as may properly come before
the meeting.

A special general meeting of the Company must be called by at least 10 clear days' notice.

XII.   TAX CONSEQUENCES

The term "Participant" used in this paragraph XII refers to Participating Employees and VEIP Participants
as defined in Chapter A of this prospectus.

The Company's tax advisors have been engaged to provide Participants with tax information with respect to
the ESPP and the VEIP in each country in which the plans are offered. A summary of the tax information is
provided below. The Company and its tax advisors will also provide tax information on Accenture's
"myHoldings.Accenture.com" intranet site, which is updated from time to time.


                [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]




                                                  - 32 -
AUSTRIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Austria as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Austrian tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to income tax or social contributions when he/she enrolls in the ESPP or a
new Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the purchase price.
The Participant will also be subject to social contributions on this amount, provided the Participant has not
already exceeded the applicable contribution ceiling.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold within 12 months of the date of purchase and the
difference between the sale proceeds and the fair market value of the Shares on the date of purchase
exceeds a certain exempt amount, the Participant will be subject to income tax on the difference. If the
Participant holds the Shares for more than 12 months after the date of purchase, he/she will not be subject
to income tax or social contributions when he/she sells the Shares, provided he/she does not hold more
than 1% of Accenture's common share capital and has not held more than 1% of Accenture's common
share capital during the five years before the date of sale. Any loss realized on the sale of the Shares
within 12 months of the date of purchase may be used to offset other taxable income in the year of sale.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent the Participant has not already exceeded the applicable contribution ceiling) at the time he/she
purchases Shares. It is the Participant's responsibility to report and pay any taxes resulting from the sale of
the Shares for a taxable gain or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
social contributions or to income tax.




                                                    - 33 -
Sale of Shares

If the Shares acquired under the VEIP are sold within 12 months of the date of purchase and the difference
between the sale proceeds and the fair market value of the Shares on the date of purchase exceeds a
certain exempt amount, the Participant will be subject to income tax on the difference. If the Participant
holds the Shares for more than 12 months after the date of purchase, he/she will not be subject to tax when
he/she sells the Shares, provided he/she does not hold more than 1% of Accenture's common share capital
and has not held more than 1% of Accenture's common share capital during the last five years before the
date of sale. Any loss realized on the sale of Shares within 12 months following the date of purchase may
be used to offset other capital gains in the year of sale.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is the Participant's responsibility to report income and pay taxes resulting from the sale of the
Shares for a taxable gain or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.


Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and social contributions (to the extent he/she has not already
exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him/her, generally on the date of vesting.

Sale of Shares

If the Shares acquired by the Participant are sold within 12 months of the date of acquisition and the
difference between the fair market value of the Shares on the date of acquisition and the sale proceeds
exceeds a certain exempt amount, the Participant will be subject to income tax on the difference. If the
Participant holds the Shares for more than 12 months after the date of acquisition, he/she will not be
subject to tax when he/she sells the Shares, provided he/she does not hold more than 1% of Accenture's
common share capital and has not held more than 1% of Accenture's common share capital during the five
years before the date of sale. Any loss realized on the sale of the Shares within 12 months following the
date of acquisition of the Shares may be used to offset other taxable income in the year of sale.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent that he/she has not already exceeded the applicable contribution ceiling) at the time the Shares
are acquired. It is the Participant's responsibility to report and pay taxes resulting from the sale of the
Shares for a taxable gain or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Austria
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                   - 34 -
BELGIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Belgium as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants (including for these purposes BVBA/SPRL companies)
who are Belgian tax residents. If the Participant is a citizen or resident of another country for local
law purposes, the income and social tax information below may not be applicable. Furthermore,
this information is general in nature and does not cover all of the various laws, rules and
regulations that may apply. It may not apply to each Participant's particular tax or financial
situation, and Accenture is not in a position to assure Participants of any particular tax result

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to income tax or social contributions when he/she enrolls in the ESPP or a
new Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and social
contributions on the difference between the fair market value of the Shares on the date of purchase and the
Purchase Price. Social contributions are deductible from taxable income.

Sale of Shares

The Participant is not subject to taxes when he/she sells the Shares purchased under the ESPP.

Withholding and Reporting

Under current laws, the Participant's employer is required to report income and withhold income tax and
social contributions at the time he/she purchases Shares. It is the Participant's responsibility to report and
pay taxes resulting from the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
social contributions or to income tax.

Sale of Shares

An employee Participant is not subject to taxes when he/she sells the Shares purchased under the VEIP. If
the Participant is a BVBA/SPRL company, the Participant will be subject to income tax on the difference
between the sale proceeds and the fair market value of the Shares acquired by the Participant on the date
of purchase. Capital losses are not deductible for BVBA/SPRL Participants.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase.



                                                   - 35 -
2.2     MATCHING RSUs

Grant

The Participant will not be subject to income tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to income tax or social contributions when Matching RSUs vest if the
Participant is an employee. If the Participant is a BVBA/SPRL company, the Participant has a taxable
benefit equal to the fair market value of the underlying Shares on the date of vesting.

Share Acquisition

The Participant, if an employee, will be subject to income tax and social contributions when Shares are
acquired by the Participant. Participants who are employees will be taxed on the fair market value of the
Shares acquired by him/her. Participants who are BVBA/SPRL companies are not subject to tax at the
time they acquire the Shares.

Sale of Shares

An employee Participant is not subject to taxes when he/she sells the Shares. If the Participant is a
BVBA/SPRL company, the Participant will be subject to income tax on the difference between sale
proceeds and the fair market value of the Shares underlying the RSUs at the time of vesting. Capital
losses are not deductible for BVBA/SPRL Participants.

Withholding and Reporting

The Participant's employer is required to report the taxable benefit but is not required to withhold income
tax on the taxable benefit to the Participant. The employer is required to withhold social contributions when
Shares are acquired by the Participant. No withholding is required in respect of Participants who are
BVBA/SPRL companies. The Participant, if an employee, must report and pay tax due for the taxable
Matching RSU benefit in his/her individual income tax return for the income year in which he/she acquired
the Shares. Participants which are BVBA/SPRL companies must report income and pay tax due for the
year of vesting on the fair market value of the underlying Shares at the time of vesting. It is the
Participant's responsibility to report and pay taxes resulting from the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Belgium
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                   - 36 -
CZECH REPUBLIC TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in the Czech Republic
as of the date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are Czech Republic tax residents. If the Participant
is a citizen or resident of another country for local law purposes, the income and social tax
information below may not be applicable. Furthermore, this information is general in nature and
does not cover all of the various laws, rules and regulations that may apply. It may not apply to
each Participant's particular tax or financial situation, and Accenture is not in a position to assure
Participants of any particular tax result
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant is subject to social contributions on this amount to the extent he/she has not already
exceeded the applicable contribution ceiling.
Sale of Shares

If the Shares purchased pursuant to the ESPP are sold within 6 months of the date of purchase, the
Participant will be subject to income tax on the difference between the sale proceeds and the fair market
value of the Shares on the date of purchase. Any loss realized on the sale of the Shares within 6 months
of the date of purchase may be used to offset other capital gains from the sale of securities owned for 6
months or less.
Withholding and Reporting

The Participant's employer is required to report income and withhold income tax when the Shares are
purchased under the ESPP. It is the Participant's responsibility to report income in his/her annual tax return
and pay taxes resulting from the taxable sale of Shares and the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold within six months of the date of the purchase, the
Participant will be subject to income tax on the difference between the sale proceeds and the fair market
value of the Shares on the date of purchase. Any loss realized on the sale of the Shares within 6 months
of the date of purchase may be used to offset other capital gains from the sale of securities owned for 6
months or less.



                                                   - 37 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer is not required to report or withhold income tax when the Shares are acquired. It is the
Participant's responsibility to report income in his/her annual tax return and pay taxes resulting from the
subsequent taxable sale of Shares and the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.
Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.
Share Acquisition

The Participant will be subject to income and social tax (to the extent he/she has not already exceeded the
applicable contribution ceiling) when Shares are acquired by the Participant. The Participant will be taxed
on the fair market value of the Shares acquired by him/her, generally on the date of vesting.
Sale of Shares
If the Shares acquired by the Participant are sold within 6 months of the date of acquisition, the Participant
will be subject to income tax on the difference between the sale proceeds and the fair market value of the
Shares on the date of acquisition. Any loss realized on the sale of the Shares within 6 months of the date of
acquisition may be used to offset other capital gains from the sale of securities owned for six months or
less.
Withholding and Reporting

The Participant's employer is required to report and withhold income tax when the Shares are acquired. It is
the Participant's responsibility to report in his/her annual tax return and pay taxes resulting from the taxable
sale of Shares and the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect to those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in the Czech
Republic on any dividends received. The Participant may be subject to U.S. federal back-up tax
withholding if the Participant does not certify his or her tax status to any U.S. financial institution acting in
the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to
the Participant if the Participant files a U.S. non-resident income tax return.




                                                     - 38 -
DANISH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Denmark as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Danish tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and social
contributions on the difference between the fair market value of the Shares on the date of purchase and the
Purchase Price.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant will be subject to tax on the
difference between the sale proceeds and fair market value of the Shares on the date of purchase.

Withholding and Reporting

The Participant's employer is required to report the taxable amount at purchase but is not required to
withhold income tax or social contributions at the time the Shares are purchased or sold. It is the
Participant's responsibility to pay any taxes (including social contributions) resulting from the purchase and
the sale of the Shares, or receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or to social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold, the Participant will be subject to tax on the difference
between the sale proceeds and the fair market value of the Shares acquired by the Participant on the date
of purchase.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold tax or social contributions at the date of



                                                   - 39 -
purchase. It is the Participant's responsibility to pay any tax and social contributions resulting from the sale
of the Shares or receipt of any dividends.

2.2     MATCHING OPTIONS

The Participant will be subject to income tax and social contributions (to the extent he/she has not already
exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him/her, generally on the date of vesting,
minus the nominal amount paid to exercise the Matching Options.

Grant

The Participant will not be subject to tax or social contributions when Matching Options are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching Options vest.

Exercise

The Participant will be subject to income tax and social contributions when the Matching Options are
exercised and Shares are acquired by the Participant. The Participant will be subject to income tax on the
difference between the fair market value of the Shares acquired pursuant to the Matching Options and the
exercise price paid for the Shares.

Sale of Shares


The Participant will be subject to tax when he/she subsequently sells the Shares acquired by exercise of
the Matching Options. The taxable amount will be the difference between the sale proceeds and the fair
market value of the Shares acquired by the Participant on the date of exercise of the Matching Options.

Withholding and Reporting

The Participant's employer is required to report the taxable amount for the exercise of the Matching Options
but is not required to withhold income tax or social contributions. It is the Participant's responsibility to pay
any tax and social contributions resulting from the purchase and the sale of the Shares, or receipt of any
dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Denmark
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                     - 40 -
DUTCH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in the Netherlands as
of the date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Dutch tax residents. If the Participant is a citizen
or resident of another country for local law purposes, the income and social tax information below
may not be applicable. Furthermore, this information is general in nature and does not cover all of
the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and Social
Security and Social Insurance contributions (to the extent he/she has not already exceeded the applicable
contribution ceilings) on the difference between the fair market value of the Shares on the date of purchase
and the Purchase Price.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant will not be subject to tax on capital
gains. However, the Participant will be subject to a tax on an imputed taxable amount of a specified
percentage of the average value of privately held investments that are held on 1 January and
31 December. A limited annual exemption may be available.

Withholding and Reporting

The Participant's employer is required to report income and to withhold income tax and Social Security and
Social Insurance contributions at the time he/she purchases Shares. It is the Participant's responsibility to
report income and to pay any taxes resulting from the purchase or sale of the Shares or the receipt of any
dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold, the Participant will not be subject to tax on capital gains.
However, the Participant will be subject to a tax on an imputed taxable amount of a specified percentage of
the average value of privately held investments that are held on 1 January and 31 December. A limited
annual exemption may be available.



                                                   - 41 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or Social Security and Social
Insurance contributions at the date of purchase. It is the Participant's responsibility to report and pay taxes
resulting from the purchase or sale of Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and social contributions (to the extent that he/she has not
already exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The
Participant will be taxed on the fair market value of the Shares acquired by him/her.

Sale of Shares

If the Shares acquired by the Participant are sold, the Participant will not be subject to tax on capital gains.
However, the Participant will be subject to a tax on an imputed taxable amount of a specified percentage of
the average value of privately held investments that are held on 1 January and 31 December. A limited
annual exemption may be available.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and Social Security and
Social Insurance contributions at the time the Shares are acquired. It is the Participant's responsibility to
report and pay taxes resulting from the sale of Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. The Participant will not be directly subject to tax
in the Netherlands on dividends received. However, the Participant will be subject to a tax on an imputed
taxable amount of a specified percentage of the average value of privately held investments, including any
dividend received, which are held on 1 January and 31 December. A limited annual exemption may be
available. The Participant may be subject to U.S. federal back-up tax withholding if the Participant does not
certify his or her tax status to any U.S. financial institution acting in the capacity of payor or middleman for
the dividend. Any U.S. back-up withholding may be refundable to the Participant if the Participant files a
U.S. non-resident income tax return.




                                                    - 42 -
FINNISH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Finland as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are Finnish tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or medicare premiums when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and medicare
premiums on the difference between the fair market value of the Shares on the date of purchase and the
Purchase Price.
Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant generally will be subject to capital
gains tax on the difference between the sale proceeds and the fair market value of the Shares on the date
of purchase or 80% of sale proceeds, or, if the Shares are held for at least 10 years, 60% of the sale
proceeds, whichever results in the lesser tax. A certain specified amount of capital gains realized in a year
are tax exempt. Any loss realized on the sale of the Shares in excess of a certain specified amount may be
used to offset other capital gains realized in the same calendar year and in the following three years.
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is the Participant's responsibility to report income and pay any taxes resulting from the taxable
sale of the Shares or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or medicare premiums when he/she enrolls in the VEIP or
a new VEIP Year begins.
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or medicare premiums.
Sale of Shares
If the Shares acquired under the VEIP are sold, the Participant will be subject to capital gains tax on the
difference between the sale proceeds and the fair market value of the Shares on the date of the purchase,
or 80% of sale proceeds, or, if the Shares are held for at least 10 years, 60% of the sale proceeds,
whichever results in the lesser tax. A certain specified amount of capital gains realized in a year are tax
exempt. Any loss realized on the sale of the Shares in excess of a certain specified amount may be used
to offset other capital gains realized in the same calendar year and in the following three years.


                                                   - 43 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is the Participant's responsibility to report income and pay any taxes resulting from the taxable
sale of the Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or medicare premiums when Matching RSUs are granted.
Vesting
The Participant will not be subject to tax or medicare premiums when Matching RSUs vest.
Share Acquisition

The Participant will be subject to income tax and medicare premiums when Shares are acquired by the
Participant. The Participant will be taxed on the fair market value of the Shares acquired by him/her,
generally on the date of vesting.
Sale of Shares

If the Shares acquired by the Participant are sold, the Participant will be subject to capital gains tax on the
difference between the sale proceeds and the fair market value of the Shares on the date of acquisition, or
80% of sale proceeds, or, if the Shares are held for at least 10 years, 60% of the sale proceeds, whichever
results in the lesser tax. A certain specified amount of capital gains realized in a year are tax exempt. Any
loss realized on the sale of the Shares in excess of a certain specified amount may be used to offset other
capital gains realized in the same calendar year and in the following three years.
Withholding and Reporting
The Participant's employer will withhold and report income tax and medicare premiums at the time of the
acquisition of Shares. It is the Participant's responsibility to report and pay any taxes resulting from the
sale of the Shares or receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Finland
on a certain percentage of any dividends received. The Participant may be subject to U.S. federal back-up
tax withholding if the Participant does not certify his or her tax status to any U.S. financial institution acting
in the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to
the Participant if the Participant files a U.S. non-resident income tax return.




                                                     - 44 -
FRENCH TAX CONSEQUENCES
The following summary is based on the income and social tax laws in effect in France as of the date
of this prospectus. Tax laws are complex and can change frequently.
As a result, the information below may be out of date at the time the Participant is granted a right to
acquire Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of
Shares.
The following applies only to Participants who are French tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply.
It may not apply to each Participant's particular tax or financial situation, and Accenture is not in a
position to assure Participants of any particular tax result.
The term "qualified" hereafter, as used only in this French tax consequences section of the
prospectus, refers to the possibility to benefit from a favorable tax regime from a French tax
standpoint.
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP
The Participant is not subject to income tax or social security contributions when he/she enrolls in the
ESPP or a new Purchase Period begins.
Purchase of Shares
When Shares are purchased under the ESPP, the Participant is subject to social security contributions at
regular rates and to income tax at marginal rates of up to 40% (for income received in 2007 that will be
taxed in 2008), as well as Contribution Sociale Généralisée ("CSG") and Contribution au Remboursement
de la Dette Sociale ("CRDS") on the difference between the fair market value of the Shares on the Date of
Exercise and the Purchase Price.
Sale of Shares
The Participant is subject to a 27% capital gains tax (income tax, CSG, CRDS and additional contributions)
when he/she subsequently sells the Shares purchased under the ESPP on the difference between the sale
price and the adjusted cost basis of the Shares sold. However, no capital gains tax is due if the proceeds
realized in a calendar year do not exceed EUR 20,000. If total capital proceeds realized in a calendar year
exceed EUR 20,000, any loss realized on the sale of the Shares at a price lower than the adjusted cost
basis of the Shares may offset capital gains realized in the same calendar year, and to the extent not used,
excess capital losses may be carried forward to the following ten years.
Withholding and Reporting
The Participant's employer will withhold social security contributions and CSG and CRDS contributions due
on the taxable amount at the date of purchase. It is the Participant's responsibility to report and pay any
taxes resulting from the purchase and the sale of the Shares or receipt of any dividends on the Participant's
annual French income tax return (in the year after the sale or receipt of dividends on Forms 2042
and 2047, as applicable).

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant is not subject to income tax or social security contributions when he/she enrolls in the VEIP
or a new VEIP Year begins.




                                                   - 45 -
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
social security contributions or to income tax.
Sale of Shares

The Participant is subject to a 27% capital gains tax (income tax, CSG, CRDS and additional contributions)
when he/she subsequently sells the Shares purchased under the VEIP on the difference between the sale
price and the acquisition cost of the Shares sold.
However, no capital gains tax is due if the proceeds realized in a calendar year do not exceed EUR 20,000.
If total capital proceeds realized in the year exceed EUR 20,000, any loss realized on the sale of the
Shares at a price lower than the acquisition cost of the Shares may offset capital gains realized in the same
calendar year, and to the extent not used, excess capital losses may be carried forward to the following ten
years.
Withholding and Reporting
Since there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to withhold social security contributions and CSG and CRDS contributions at
the date of the purchase. It is the Participant's responsibility to report and pay any taxes resulting from the
sale of the Shares or receipt of any dividends in the year after the sale or receipt of dividends on the
Participant’s annual French income tax return (on Forms 2042 and 2047, as applicable).

2.2     "FREE SHARE" QUALIFIED MATCHING RSUs

Grant

The Participant will not be subject to income tax or social security contributions when "Free Share" qualified
Matching RSUs are granted.
Vesting

The Participant will not be subject to income tax or social security contributions when "Free Share" qualified
Matching RSUs vest.
Share Acquisition

The Participant will not be subject to tax when Shares underlying the "Free Share" qualified Matching
RSUs are issued or transferred to the Participant two or more years after the grant of the "Free Share"
qualified Matching RSUs. Under French law, Shares issued or transferred to the Participant must be held
for a minimum of two years before they may be sold by the Participant. Accordingly, Shares delivered
pursuant to the Matching RSUs will not be transferable for a period of two years following delivery to the
Participant subject to the exceptions stated under French law. In addition, shares may not be sold during
certain periods as set forth in Article L. 225-197-1, I of the French Commercial Code (i.e., within a
period of ten Stock Exchange trading sessions before and after the date on which the consolidated
financial statements, or failing that, the annual accounts of Accenture, are published; and within the
period between the date on which the corporate management of Accenture becomes aware of
information, which, if published, might have a significant effect on the price of the company’s shares,
and the latest date of the ten Stock Exchange trading sessions following the date on which this
information is published).
Sale of Shares

Under current French tax rules, the Participant will be subject to a 41% flat tax (income tax, CSG, CRDS
and additional contributions) when he/she subsequently sells the Shares more than two years after the
date of issue or transfer of the Shares under the "Free Share" qualified Matching RSUs on the fair market
value of the Shares at the date of issuance or transfer to the Participant. No social security contributions
apply. The Participant will be subject to a 27% capital gains tax (income tax, CSG, CRDS and additional
contributions) when he/she sells the Shares issued or transferred under the "Free Share" qualified
Matching RSUs on the difference between the sale price and the adjusted cost basis of the Shares sold.
However, no capital gains tax is due if the proceeds realized in a calendar year do not exceed EUR 20,000.
If total capital proceeds realized in the year exceed EUR 20,000, any loss realized on the sale of the
Shares at a price lower than the adjusted cost basis of the Shares may offset capital gains realized in the
same calendar year, and to the extent not used, excess capital losses may be carried forward to the
following ten years.

                                                    - 46 -
The Social Security Financing Act for 2008 provides for a 2.5% employee contribution, due when the
beneficiary of free shares sells the shares, calculated on the basis of the fair market value of the shares at
the date of issuance or transfer to the beneficiary. This contribution will apply to sales of free shares
attributed as from October 16, 2007. As at the date of this prospectus, the Social Security Financing Act
for 2008 has been approved by the French Parliament, but is subject to review by the Constitutional
Council (Conseil Constitutionel) before it is enacted.

Withholding and Reporting

The Participant's employer is not required to withhold social security contributions and CSG and CRDS
contributions due on the taxable amount at the date of issue or transfer of the Shares. It is the Participant's
responsibility to report and pay any taxes resulting from the issue or transfer and the sale of the Shares or
receipt of any dividends in the year after the sale or receipt of dividends on the Participant’s annual French
income tax return (on Forms 2042 and 2047, as applicable).

3      DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. Under current French tax rules, the Participant
will be subject to income tax of up to 40% (for income received in 2007 that will be taxed in 2008) in France
on dividends received. Dividends received are also subject to CSG, CRDS and other social levies.
The Participant may be subject to U.S. federal back-up tax withholding if he/she does not certify his or her
tax status to any U.S. financial institution acting in the capacity of payor or middleman for the dividend. Any
U.S. back-up withholding may be refundable to the Participant if he/she files a U.S. non-resident income
tax return.




                                                    - 47 -
GERMAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Germany as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are German tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and social
contributions (to the extent the Participant has not already exceeded his/her applicable contribution ceiling)
on the difference between the fair market value of the Shares on the date of purchase and the Purchase
Price. Church tax may also apply to the difference.
Sale of Shares

If the Shares purchased pursuant to the ESPP before 2009 are sold within 12 months of the date of
purchase and the difference between the sale proceeds and the fair market value of the Shares on the date
of purchase exceeds a certain exempt amount, the Participant will be subject to capital gains tax on the
difference. If the Participant holds the Shares for at least 12 months after the date of purchase, he/she will
not be subject to tax when he/she sells the Shares provided that he/she has not held 1% or more of
Accenture's stated capital during the five years prior to the sale. Any loss realized on the sale of Shares
within 12 months of the date of purchase may be used to offset taxable gains realized in the same calendar
year on the sale of other shares only (other taxable gains based on other income sources can not be
offset). Any excess losses may be carried back one year or carried forward into future years and offset only
against gains realized on the sale of shares.
Shares acquired in 2009 or later will be subject to capital gains tax, irrespective of the length of time since
the shares were acquired.
Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time he/she purchases Shares. It is the Participant's responsibility to report income and pay any taxes
resulting from the taxable sale of the Shares or receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP
The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.
Purchase of Shares
When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.




                                                    - 48 -
Sale of Shares

If the Shares acquired under the VEIP before 2009 are sold within 12 months of the date of purchase and
the difference between the sale proceeds and the fair market value of the Shares on the date of purchase
exceeds a certain exempt amount, the Participant will be subject to capital gains tax on the difference. If
the Participant holds the Shares for at least 12 months after the date of purchase, he/she will not be subject
to tax when he/she sells the Shares provided that he/she has not held 1% or more of Accenture's stated
capital during the five years prior to the sale. Any loss realized on the sale of the Shares within 12 months
of the date of purchase may be used to offset other taxable capital gains realized in the same calendar
year on the sale of other shares only (other taxable gains based on other income sources can not be
offset). Any excess losses may be carried back one year or carried forward into future years and offset only
against gains realized on the sale of shares.
Shares acquired in 2009 or later will be subject to capital gains tax, irrespective of the length of time since
the shares were acquired.
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is the Participant's responsibility to report income and pay any taxes resulting from the taxable
sale of the Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.
Vesting
The Participant will not be subject to tax or social contributions when Matching RSUs vest.
Share Acquisition

The Participant will be subject to income tax and social contributions (to the extent he/she has not already
exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him/her, generally on the date of vesting.
Sale of Shares

If the Shares acquired by the Participant are sold and the difference between the sale proceeds and the fair
market value of the Shares on the date of purchase exceeds a certain exempt amount, the Participant will
be subject to capital gains tax on the difference. Any loss realized on the sale of Shares may be used to
offset taxable gains realized in the same calendar year on the sale of other shares only (other taxable gains
based on other income sources can not be offset). Any excess losses may be carried back one year or
carried forward into future years and offset only against gains realized on the sale of shares.
Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time of the Accenture Share acquisition. It is the Participant's responsibility to report income and pay
any taxes resulting from the taxable sale of the Shares or receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Germany
on a certain percentage of any dividends received to the extent the total interest and dividend income of the
Participant for the year exceeds a certain exempt amount. The Participant may be subject to U.S. federal
back-up tax withholding if the Participant does not certify his or her tax status to any U.S. financial
institution acting in the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may
be refundable to the Participant if the Participant files a U.S. non-resident income tax return.




                                                    - 49 -
GREEK TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Greece as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Greek tax residents. If the Participant is a citizen
or resident of another country for local law purposes, the income and social tax information below
may not be applicable. Furthermore, this information is general in nature and does not cover all of
the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrolment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and social
contributions (to the extent that the Participant has not already exceeded the applicable contribution ceiling)
on the difference between the fair market value of the Shares on the date of purchase and the Purchase
Price

Sale of Shares

If the Accenture Share purchased pursuant to the ESPP are sold, the Participant will be subject to transfer
tax on the sale proceeds.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time he/she purchases Shares. It is the Participant's responsibility to report the purchase of shares in
foreign companies and pay any taxes resulting from the sale of Shares or receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold, the Participant will be subject to transfer tax on the sale
proceeds.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the time the
Shares are acquired. It is the Participant's responsibility to report the purchase of Shares, and the sale of
Shares and receipt of any dividends.

                                                    - 50 -
2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and social contributions (to the extent he/she has not already
exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him/her, generally on the date of vesting.

Sale of Shares

If the Shares acquired by the Participant are sold, the Participant will be subject to transfer tax on the sale
proceeds.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time of the Accenture Share acquisition. It is the Participant's responsibility to report the purchase of
shares in foreign companies and pay taxes resulting from the sale of the Shares or the receipt of any
dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Greece
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                    - 51 -
HUNGARIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Hungary as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are Hungarian tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant will also be subject to pension contributions (provided the Participant has not already
exceeded the applicable contribution ceiling) health care contributions and possibly also social security
contributions on this amount.
Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant will be subject to income tax on the
difference between the sale proceeds and the fair market value of the Shares on the date of purchase.
This amount is also subject to health care contributions. Capital losses are not deductible and may not
offset other income.
Withholding and Reporting

The Participant's employer is not required to report income or withhold income tax or the various social
contributions at the time he/she purchases Shares. It is the Participant's responsibility to report income and
to pay the tax due by the 12th day of the month following the end of the quarter in which the purchase of
Shares was made. The sale of the Shares and the receipt of any dividends must be reported by the
Participant in his/her tax return.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.
Sale of Shares

If the Shares acquired under the VEIP are sold, the Participant will be subject to income tax on the
difference between the sale proceeds and the fair market value of the Shares on the date of purchase.
This amount is also subject to health care contributions.




                                                   - 52 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer is not required to report income or withhold income tax and social contributions due at the time
the Shares are acquired. The sale of the Shares and the receipt of any dividends must be reported by the
Participant in his/her tax return.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.
Vesting
The Participant will not be subject to tax or social contributions when Matching RSUs vest.
Share Acquisition

The Participant will be subject to income tax when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him/her, generally on the date of vesting.
The Participant will also be subject to pension contributions (provided the Participant has not already
exceeded the applicable contribution ceiling), health care contributions and possibly also social security
contributions on this amount.
Sale of Shares

If the Shares acquired by the Participant are sold, the Participant will be subject to income tax on the
difference between the sale proceeds and the fair market value of the Shares on the date of acquisition.
This amount is also subject to health care contributions.
Withholding and Reporting

The Participant's employer is not required to report income or withhold income tax and social contributions
due at the time the Shares are acquired. It is the Participant's responsibility to report income and to pay the
tax and various social contributions due by the 12th day of the month following the end of the quarter in
which the Shares were acquired. The sale of the Shares and the receipt of any dividends also must be
reported by the Participant in his/her tax return.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax and health
care contributions in Hungary on any dividends received. The Participant may be subject to U.S. federal
back-up tax withholding if the Participant does not certify his or her tax status to any U.S. financial
institution acting in the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may
be refundable to the Participant if the Participant files a U.S. non-resident income tax return.




                                                    - 53 -
IRISH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Ireland as of the date
of this prospectus. Tax laws are complex and can change frequently. As a result, the information
below may be out of date at the time the Participant is granted a right to acquire Shares, purchases
or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are Irish tax residents. If the Participant is a citizen
or resident of another country for local law purposes, the income and social tax information below
may not be applicable. Furthermore, this information is general in nature and does not cover all of
the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant will not be subject to social contributions when Shares are purchased under the ESPP.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold and the difference between the sale proceeds and
the fair market value of the Shares on the date of purchase exceeds a certain exempt amount, the
Participant will be subject to capital gains tax on the difference. Any loss realized on the sale of the Shares
may be used to offset other capital gains realized in the same calendar year. Net capital losses may be
carried forward to offset capital gains realized in subsequent years.

Withholding and Reporting

The Participant's employer is required to report the taxable amount on purchase of Shares, but is not
required to withhold income tax at the time the Shares are purchased. It is the Participant's responsibility to
report income and pay any taxes resulting from the purchase of Shares and the sale of Shares or the
receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.
Sale of Shares
If the Shares purchased under the VEIP are sold and the difference between the sale proceeds and the fair
market value of the Shares on the date of purchase exceeds a certain exempt amount, the Participant will
be subject to capital gains tax on the difference. Any loss realized on the sale of the Shares may be used
to offset other capital gains realized in the same calendar year. Net capital losses may be carried forward
to offset capital gains realized in subsequent years.




                                                    - 54 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to withhold or report income tax at the date of purchase. It is the Participant's
responsibility to report income and pay any taxes resulting from the sale of Shares or the receipt of any
dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him/her, generally on the date of vesting.

Sale of Shares

If the Shares acquired by the Participant are sold and the difference between the sale proceeds and the fair
market value of the Shares on the date of acquisition of the Shares exceeds a certain exempt amount, the
Participant will be subject to capital gains tax on the difference. Any loss realized on the sale of the Shares
may be used to offset other capital gains realized in the same calendar year. Net capital losses may be
carried forward to offset capital gains realized in subsequent years.

Withholding and Reporting

The Participant's employer is required to report the taxable amount on acquisition of Accenture Share, but
is not required to withhold income tax at the time the Shares are acquired. It is the Participant's
responsibility to report income and pay any taxes resulting from the acquisition of Shares, the sale of
Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Ireland
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                    - 55 -
ITALIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Italy as of the date of
this prospectus. Tax laws are complex and can change frequently. As a result, the information
below may be out of date at the time the Participant is granted a right to acquire Shares, purchases
or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Italian tax residents. If the Participant is a citizen
or resident of another country for local law purposes, the income and social tax information below
may not be applicable. Furthermore, this information is general in nature and does not cover all of
the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrolment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP and are held by the Participant for 3 years or less, the
Participant will be subject to income tax on the difference between the normal value of the Shares (the
average price of the Shares in the month preceding the date of purchase) and the Purchase Price. Social
contributions of approximately 10% are also usually due at purchase on this amount less an annual
exemption of EUR 2,065.83.

When Shares are purchased under the ESPP and are held by the Participant for more than 3 years, the
Participant will be subject to income tax on the difference between the normal value of the Shares (the
average price of the Shares in the month preceding the date of purchase) and the Purchase Price, less an
annual exemption of EUR 2,065.83. Social contributions of approximately 10% are also usually due at
purchase on this amount less an exemption amount of EUR 2,065.83.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant will be subject to capital gains tax
on the difference between the sale proceeds and the Participant's cost basis in the Shares. The
Participant's cost basis is the Purchase Price paid for the Shares plus the amount of compensation income
subject to taxation upon the purchase of the Shares. Any loss realized on the sale of the Shares may be
used to offset other capital gains realized in the same calendar year. Net capital losses may be carried
forward to offset capital gains realized in the subsequent four years.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time he/she purchases Shares. It is the Participant's responsibility to report and pay any taxes resulting
from the sale of the Shares or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.


                                                   - 56 -
Sale of Shares

If the Shares acquired pursuant to the VEIP are sold, the Participant will be subject to capital gains tax on
the difference between the sale proceeds and the price paid by the Participant for the Shares. Any loss
realized on the sale of the Shares may be used to offset other capital gains realized in the same calendar
year. Net capital losses may be carried forward to offset capital gains realized in the subsequent four
years.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer is not required to report income or withhold income tax or social contributions at the time the
Shares are acquired. It is the Participant's responsibility to report income and pay taxes resulting from the
sale of the Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

When Shares are acquired under the Matching RSUs and are held by the Participant for 3 years or less,
the Participant will be subject to income tax on the normal value of the Shares (the average price of the
Shares in the month preceding the date of acquisition). Social contributions of approximately 10% are also
usually due at purchase on the normal value less an annual exemption of EUR 2,065.83.

When Shares are acquired under the Matching RSUs and are held by the Participant for more than
3 years, the Participant will be subject to income tax on the difference between the normal value of the
Shares (the average price of the Shares in the month preceding the date of acquisition), less an annual
exemption of EUR 2,065.83. Social contributions of approximately 10% are also usually due at acquisition
on the normal value less an exemption amount of EUR 2,065.83.

Sale of Shares

If the Shares acquired by the Participant are sold, the Participant will be subject to capital gains tax on the
difference between the sale proceeds and the amount of compensation income subject to taxation upon the
acquisition of the Shares. Any loss realized on the sale of the Shares may be used to offset other capital
gains realized in the same calendar year. Net capital losses may be carried forward to offset capital gains
realized in the subsequent four years.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time of the acquisition of Shares. It is the Participant's responsibility to report income and pay taxes
resulting from the sale of the Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Italy on
any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                    - 57 -
LATVIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Latvia as of the date
of this prospectus. Tax laws are complex and can change frequently. As a result, the information
below may be out of date at the time the Participant is granted a right to acquire Shares, purchases
Shares, sells Shares or receives dividends.

The following applies only to Participants who are Latvian tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not
discuss all of the various laws, rules and regulations that may apply. It may not apply to each
Participant's particular tax or financial situation, and Accenture is not in a position to assure them
of any particular tax result

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1       ESPP
Enrollment in the ESPP
The Participant is not subject to tax when he/she enrolls in the ESPP or a new Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant will also be subject to social contributions on this amount, provided the Participant has not
already exceeded the applicable contribution ceiling.
Sale of Shares

No taxes are due upon the sale of the Shares.
Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent the Participant has not already exceeded the applicable contribution ceiling), at the time he/she
purchases Shares.

2       VEIP
2.1     RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.
Sale of Shares

No taxes are due upon the sale of the Shares.
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to income tax or social contributions when Matching RSUs are granted.


                                                   - 58 -
Vesting

The Participant will not be subject to income tax or social contributions when the Matching RSUs vest.
Share Acquisition

The Participant will be subject to income tax and social contributions (to the extent he/she has not already
exceeded the applicable contribution ceiling) when the Shares are acquired by the Participant. The
Participant will be taxed on the fair market value of the Shares acquired by him/her.
Sale of Shares

No taxes are due upon the sale of Shares.
Withholding and Reporting
The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent that he/she has not already exceeded the applicable contribution ceiling) at the time the
Participant acquires the Shares.

3      DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Latvia on
any dividends received.
The Participant may be subject to U.S. federal back up tax withholding if the Participant does not certify his
or her tax status to any U.S. financial institution acting in the capacity of payer or middleman for the
dividend. Any U.S. back up withholding may be refundable to the Participant if the Participant files a U.S.
non-resident income tax return.




                                                    - 59 -
LUXEMBOURGIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Luxembourg as of
the date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are Luxembourg tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP
The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares
When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant will also be subject to social contributions on this amount, provided the Participant has not
already exceeded the applicable monthly contribution ceiling.
Sale of Shares

If the Shares acquired pursuant to the ESPP are sold within 6 months of the date of purchase, the
Participant will be subject to income tax on the difference between the sale proceeds and the fair market
value of the Shares on the date of the acquisition. If the difference is less than a minimum threshold
amount no taxes may be due. If the Shares acquired pursuant to the ESPP are sold after 6 months from
the date of purchase, any capital gains are tax exempt. Any loss realized on the sale of the Shares within 6
months of the date of purchase generally may be used to offset other capital gains in the year of sale.
Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent the Participant has not already exceeded the applicable monthly contribution ceiling) at the time
he/she purchases Shares. If the Participant is required to file a personal income tax return, it is the
Participant's responsibility to report and pay any taxes resulting from the sale of the Shares or the receipt of
any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP
The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.
Sale of Shares

If the Shares acquired under the VEIP are sold within 6 months of the date of purchase, the Participant will
be subject to income tax on the difference between the sale proceeds and the fair market value of the
Shares on the date of acquisition. If the difference is less than a minimum threshold amount no taxes may
be due. If the Shares acquired are sold after 6 months from the date of purchase, any capital gains are tax

                                                    - 60 -
exempt. Any loss realized on the sale of the Shares within 6 months of the date of purchase generally may
be used to offset other capital gains in the year of sale.
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. If the Participant is required to file a personal income tax return, it is Participant's responsibility
to report and pay any taxes resulting from the sale of the Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.
Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.
Share Acquisition
The Participant will be subject to income tax and social contributions (to the extent he/she has not already
exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares acquired by him. A partial tax exemption may be
available if the Matching RSUs can be characterized as a non-recurring additional payment to the
Participant.
Sale of Shares
If the Shares acquired by the Participant are sold within six months of the date of acquisition, the
Participant will be subject to income tax on the difference between the sale proceeds and the fair market
value of the Shares on the date of the acquisition. If the difference is less than a minimum threshold
amount no taxes may be due. If the Accenture Share acquired are sold after 6 months from the date of
acquisition, any capital gains are tax exempt. Any loss realized on the sale of the Shares within 6 months
of the date of acquisition generally may be used to offset other capital gains in the year of sale.
Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent that he/she has not already exceeded the applicable contribution ceiling) at the time of the
Shares are acquired. If the Participant is required to file a personal income tax return, it is Participant's
responsibility to report and pay taxes resulting from the sale of the Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in
Luxembourg on any dividends received, less a small annual deductible amount, if dividend income for the
Participant in the year exceeds a specified amount. The Participant may be subject to U.S. federal back-up
tax withholding if the Participant does not certify his or her tax status to any U.S. financial institution acting
in the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to
the Participant if the Participant files a U.S. non-resident income tax return.




                                                     - 61 -
NORWEGIAN TAX CONSEQUENCES
The following summary is based on the income and social tax laws in effect in Norway as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.
The following applies only to Participants who are Norwegian tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.
Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.
Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and social
contributions on the difference between the fair market value of the Shares on the date of purchase and the
Purchase Price. The taxable income may be apportioned over the number of years that the Shares are
held.
Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant will be subject to capital gains tax
on the difference between the sale price and the fair market value of the Shares on the date of purchase of
the Shares. Some capital gain may be offset by unused "protection deduction" or "shield deduction" if
certain conditions are satisfied.
Withholding and Reporting

The Participant's employer is required to report income and withhold tax and social contributions at the time
he/she purchases the Shares. The Participant will be responsible for paying the difference, if any, between
taxes withheld and the actual income tax liability. It is the Participant's responsibility to report and pay any
taxes resulting from the sale of the Shares or receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.
Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or to social contributions.
Sale of Shares

If the Shares acquired under the VEIP are sold, the Participant will be subject to capital gains tax on the
difference between the sale price and the fair market value of the Shares at the date of purchase of the
Shares. Some capital gain may be offset by unused "protection deduction" or "shield deduction" if certain
conditions are satisfied.




                                                    - 62 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is the Participant's responsibility to report and pay any taxes resulting from the sale of the
Shares or receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.
Vesting
The Participant will not be subject to tax or social contributions when Matching RSUs vest.
Share Acquisition

The Participant will be subject to income tax and social contributions when Shares are acquired by the
Participant. The Participant will be taxed on the fair market value of the Shares acquired by him/her. The
taxable income may be apportioned over the number of years that the Shares are held.
Sale of Shares

If the Shares acquired by the Participant are sold, the Participant will be subject to capital gains tax on the
difference between the sale price and the fair market value of the Shares on the date of acquisition of the
Shares. Some capital gain may be offset by unused "protection deduction" or "shield deduction" if certain
conditions are satisfied.
Withholding and Reporting

The Participant’s employer is required to report income and withhold tax and social contributions at the time
the Shares are acquired. The Participant will be responsible for paying the difference, if any, between
taxes withheld and the actual income tax liability. It is the Participant’s responsibility to report and pay any
taxes resulting from the acquisition of the Shares, the sale of the Shares or receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Norway
on any dividends received. Some dividends may be exempt from taxation if certain conditions for the
"protection deduction" or "shield deduction" are satisfied. The Participant may be subject to U.S. federal
back-up tax withholding if the Participant does not certify his or her tax status to any U.S. financial
institution acting in the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may
be refundable to the Participant if the Participant files a U.S. non-resident income tax return.




                                                    - 63 -
POLISH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Poland as of the date
of this prospectus. Tax laws are complex and can change frequently. As a result, the information
below may be out of date at the time the Participant is granted a right to acquire Shares, purchases
or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Polish tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP but not sold on the same day, the Participant will be subject
to a Pension and Disability Contribution (provided the Participant has not already exceeded the applicable
contribution ceiling) and a Sickness Fund Contribution on the difference between the fair market value of
the Shares on the date of purchase and the Purchase Price.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold after the date of purchase, the Participant will be
subject to tax on the difference between the sale proceeds and the Purchase Price of the Shares. 50% of
any capital loss realized in the year of sale may be used to offset capital gains, and any excess capital loss
may be carried forward 5 years.

Withholding and Reporting

The Participant's employer is required to report income and withhold social contributions (to the extent the
Participant has not already exceeded the applicable contribution ceiling) at the time he/she purchases
Shares. It is the Participant's responsibility to report and pay any taxes resulting from the sale of the
Shares or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold after the date of purchase, the Participant will be subject to
capital gains tax on the difference between the sale proceeds and the purchase price paid by the
Participant to acquire the Shares. 50% of any capital loss realized in the year of sale may be used to offset
capital gains, and any excess capital loss may be carried forward 5 years.



                                                   - 64 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is Participant's responsibility to report the purchase if required and pay taxes resulting from
the sale of Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to a Pension and Disability Contribution (to the extent that he/she has not
already exceeded the applicable contribution ceiling) and a Sickness Fund Contribution when the Shares
are acquired by the Participant. The Participant will be taxed on the fair market value of the Shares
acquired by him/her, generally on the date of vesting.

Sale of Shares

If the Shares acquired by the Participant are sold after the day of acquisition, the Participant will be subject
to capital gains tax on the sale proceeds. 50% of any capital loss realized in the year of sale may be used
to offset capital gains, and any excess capital loss may be carried forward 5 years.

Withholding and Reporting

The Participant's employer is required to report income and withhold social contributions at the time the
Shares are acquired. It is the Participant's responsibility to report the acquisition if required and pay any
taxes resulting from the acquisition of Shares, the sale of Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Poland
on any dividends received. Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                    - 65 -
PORTUGUESE TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Portugal as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends.

The following applies only to Participants who are Portuguese tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant is unlikely to be subject to social insurance contributions on this amount.

Sale of Shares

When Shares purchased pursuant to the ESPP are sold within 12 months of the date of purchase, the
Participant will be subject to capital gains tax on the difference between the sale proceeds and the fair
market value of the Shares on the date of purchase. If the Participant holds the Shares for more than 12
months, the Participant will not be subject to tax when he/she sells the Shares. Any loss realized on the
sale of the Shares may be used to offset capital gains in the year realized, and some capital losses may be
carried forward for two years if the Participant makes an election to be taxed on capital gains at normal
progressive rates.

Withholding and Reporting

The Participant's employer is required to report income but is not required to withhold tax when the
Participant purchases Shares under the ESPP. It is the Participant's responsibility to report and pay tax
resulting from the purchase of Shares, the sale of Shares for a taxable gain or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold within 12 months of the date of purchase, the Participant
will be subject to capital gains tax on the difference between the sale proceeds and the fair market value of
the Shares on the date of purchase. If the Participant holds the Shares for more than 12 months, the
Participant will not be subject to tax when he/she sells the Shares. Any loss realized on the sale of the


                                                   - 66 -
Shares may be used to offset capital gains in the year realized, and some capital losses may be carried
forward for two years if the Participant makes an election to be taxed on capital gains at normal progressive
rates.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax at the date of purchase. It is the
Participant's responsibility to report and pay tax resulting from the sale of Shares for a taxable gain and
receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax when Shares are acquired by the Participant. The Participant
will be taxed on the fair market value of the Shares when the Shares are acquired. The Participant is
unlikely to be subject to social contributions when the Shares are acquired.

Sale of Shares

If the Shares acquired by the Participant are sold within 12 months of the date of acquisition, the Participant
will be subject to capital gains tax on the difference between the sale proceeds and the fair market value of
the Shares on the date of acquisition. If the Participant holds the Shares for more than 12 months, no
capital gains tax will be due when he/she sells the Shares. Any loss realized on the sale of the Shares may
be used to offset capital gains in the year realized, and some capital losses may be carried forward for two
years if the Participant makes an election to be taxed on capital gains at normal progressive rates.

Withholding and Reporting

The Participant's employer is required to report income but is not required to withhold tax when the Shares
are acquired by the Participant. It is Participant's responsibility to report and pay tax resulting from the
acquisition of Shares, the sale of Shares for a taxable gain and receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Portugal
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                    - 67 -
ROMANIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Romania as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Romanian tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to income tax or social contributions when he/she enrolls in the ESPP or a
new Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be treated as subject to income tax on
the difference between the fair market value of the Shares on the date of purchase and the purchase price.
The Participant will also be treated as subject to social contributions on this amount.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold within 365 days of the date of purchase, the
Participant will be subject to income tax at a 16% rate on the difference between the sale proceeds and the
value of the Shares on the date of purchase. If the Shares purchased pursuant to the ESPP are sold 365
or more days after the date of purchase, the Participant will be subject to income tax at a 1% rate on the
difference between the sale proceeds and the value of the Shares on the date of purchase. Capital losses
may be used to offset capital gains realized within the tax year from the sale of shares.

Withholding and Reporting

The Participant's employer will report income and withhold income tax and social contributions at the time
he/she purchases Shares. It is the Participant's responsibility to report and pay any income taxes resulting
from the sale of the Shares for a taxable gain or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to income tax or social contributions when he/she enrolls in the VEIP or
a new VEIP year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold within 365 days of the date of purchase, the Participant will
be subject to income tax at a 16% rate on the difference between the sale proceeds and the value of the
Shares on the date of purchase. If the Shares acquired under the VEIP are sold 365 or more days after the
date of purchase, the Participant will be subject to income tax at a 1% rate on the difference between the



                                                  - 68 -
sale proceeds and the value of the Shares on the date of purchase. Capital losses may be used to offset
capital gains realized within the tax year from the sale of shares.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax at the date of purchase. It is the
Participant's responsibility to report and pay tax resulting from the sale of Shares for a taxable gain and
receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to income tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to income tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be treated as subject to income tax and social contributions when Shares are acquired
by the Participant. The Participant will be taxed on the fair market value of the Shares when the Shares
are acquired.

Sale of Shares

If the Shares acquired under the VEIP are sold within 365 days of the date of acquisition, the Participant
will be subject to income tax at a 16% rate on the difference between the sale proceeds and the value of
the Shares on the date of acquisition. If the Shares acquired under the VEIP are sold 365 or more days
after the date of acquisition, the Participant will be subject to income tax at a 1% rate on the difference
between the sale proceeds and the value of the Shares on the date of acquisition. Capital losses may be
used to offset capital gains realized within the tax year from the sale of shares.

Withholding and Reporting

The Participant's employer will report income and withhold income tax and social contributions at the time
of the acquisition of the Shares. It is the Participant's responsibility to report income and pay income taxes
resulting from the sale of Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Romania
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                   - 69 -
SLOVAKIAN TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Slovakia as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are tax residents of Slovakia. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or health contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant will also be subject to health contributions on this amount, provided the Participant has not
already exceeded the applicable monthly contribution ceiling.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the difference between the sale proceeds and the
fair market value of the Shares on the date of purchase will be subject to income tax if the capital gains and
other income of the Participant for the year exceed an annual tax exempt amount. Any loss realized on the
sale of the Shares is not deductible and may not offset other taxable income.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and health contributions
(to the extent the Participant has not already exceeded the applicable monthly contribution ceiling) at the
time he/she purchases Shares. It is the Participant's responsibility to report income and pay any taxes
resulting from the sale of the Shares for a taxable gain or the receipt of any taxable dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or health contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
social contributions or to income tax.

Sale of Shares

If the Shares acquired under the VEIP are sold the difference between the sale proceeds and the fair
market value of the Shares on the date of purchase will be subject to income tax if the capital gains and
other income of the Participant for the year exceed an annual tax exempt amount. Any loss realized on the
sale of the Shares is not deductible and may not offset other taxable income.



                                                   - 70 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of the Shares under the VEIP, the
Participant's employer will not be required to report income or withhold income tax or health contributions at
the time of vesting or purchase. It is the Participant's responsibility to report and pay taxes resulting from
the sale of the Shares for a taxable gain or the receipt of any taxable dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or health contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or health contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and health contributions (to the extent he/she has not already
exceeded the applicable monthly contribution ceiling) when Shares are acquired by the Participant. The
Participant will be taxed on the fair market value of the Shares acquired by him/her, generally on the date
of vesting.

Sale of Shares

If the Shares acquired by the Participant are sold, the difference between the sale proceeds and the fair
market value of the Shares on the date of acquisition will be subject to income tax if the capital gains and
other income of the Participant for the year exceed an annual tax exempt amount. Any loss realized on the
sale of the Shares is not deductible and may not offset other taxable income.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and health contributions
(to the extent that he/she has not already exceeded the applicable monthly contribution ceiling) at the time
of the acquisition of the Shares. It is the Participant's responsibility to report and pay taxes resulting from
the sale of the Shares for a taxable gain or the receipt of any taxable dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid with respect to those
Shares if Accenture, in its discretion, declares a dividend. Dividends received from profits earned after 31
December 2003 are not subject to tax in Slovakia. The Participant may be subject to U.S. federal back-up
tax withholding if the Participant does not certify his or her tax status to any U.S. financial institution acting
in the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to
the Participant if the Participant files a U.S. non-resident income tax return.




                                                     - 71 -
SPANISH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Spain as of the date
of this prospectus. Tax laws are complex and can change frequently. As a result, the information
below may be out of date at the time the Participant is granted a right to acquire Shares, purchases
or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Spanish tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and social
contributions (to the extent he/she has not already exceeded the applicable contribution ceiling) on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price. If
the Shares purchased are held for more than three years from the purchase date all or part of the
difference may be exempt from income tax and social contributions (up to the equivalent to EUR 12,000 in
shares).

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold, the Participant will be subject to capital gains tax at
his/her marginal rate on the difference between the sale proceeds and the fair market value of the Shares
on the date of purchase. Capital losses that are not used in the year of sale to offset capital gains may be
carried forward for four years.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time he/she purchases Shares. It is the Participant's responsibility to report and pay any taxes resulting
from the sale of the Shares or the receipt of any dividends unless an exception to reporting applies.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or social contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold, the Participant will be subject to capital gains tax at 18% on
the difference between the sale proceeds and the fair market value of the Shares on the date of purchase.
Capital losses that are not used in the year of sale to offset capital gains may be carried forward for four
years.


                                                   - 72 -
Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or social contributions at the date of
purchase. It is the Participant's responsibility to report and pay taxes resulting from the sale of Shares or
the receipt of any dividends unless an exception to reporting applies.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and social contributions (to the extent that he/she has not
already exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The
Participant will be taxed on the fair market value of the Shares acquired by him/her. If the Shares are held
for more than three years from the purchase date all or part of the fair market value of the Shares may be
exempt from income tax and social contributions (up to the equivalent to EUR 12.000 in shares).

Sale of Shares

If the Shares are acquired by the Participant are sold, the Participant will be subject to capital gains tax at a
flat rate of 18% on the difference between the sale proceeds and the fair market value of the Shares on the
date of acquisition. Capital losses that are not used in the year of sale to offset capital gains may be
carried forward for four years.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions at
the time the Shares are acquired. It is the Participant's responsibility to report and pay taxes resulting from
the sale of Shares or the receipt of any dividends unless an exception to reporting applies.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Spain on
any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                     - 73 -
SWEDISH TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in Sweden as of the
date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are Swedish tax residents. If the Participant is a
citizen or resident of another country for local law purposes, the income and social tax information
below may not be applicable. Furthermore, this information is general in nature and does not cover
all of the various laws, rules and regulations that may apply. It may not apply to each Participant's
particular tax or financial situation, and Accenture is not in a position to assure Participants of any
particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or social contributions when he/she enrolls in the ESPP or a new
Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax on the
difference between the fair market value of the Shares on the date of purchase and the Purchase Price.
The Participant may also be subject to National Pension Contributions on this amount, provided the
Participant has not already exceeded the applicable contribution ceiling.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold the Participant will be subject to capital gains tax on
the difference between the sale proceeds and the fair market value of the Shares on the date of purchase.
Any loss realized on the sale of the Shares may be used first to offset any capital gains on shares, then a
specified percentage of the remaining loss may be used to offset any other capital gain and then any
further remaining loss may be used to offset earned income subject to certain limits.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and National Pension
Contributions (to the extent the Participant has not already exceeded the applicable contribution ceiling) at
the time he/she purchases Shares. It is the Participant's responsibility to report and pay taxes resulting
from the purchase of Shares, the sale of the Shares or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or social contributions when he/she enrolls in the VEIP or a new
VEIP Year begins.

Purchase of Shares

When Shares are purchased at Fair Market Value under the VEIP, the Participant will not be subject to
income tax or to National Pension Contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold the Participant will be subject to capital gains tax on the
difference between the sale proceeds and fair market value of the Shares on the date of purchase. Any
loss realized on the sale of the Shares may be used first to offset any capital gains on shares, then a



                                                   - 74 -
specified percentage of the remaining loss may be used to offset any other capital gain and then any
further remaining loss may be used to offset earned income, subject to certain limits.

Withholding and Reporting

Because there is no tax due in connection with the purchase of Shares under the VEIP, the Participant's
employer will not be required to report income or withhold income tax or National Pension Contributions at
the date of purchase. It is the Participant's responsibility to report and pay taxes due from the purchase of
Shares, the sale of the Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or social contributions when Matching RSUs are granted.

Vesting

The Participant will not be subject to tax or social contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and National Pension Contributions (to the extent he/she has
not already exceeded the applicable contribution ceiling) when Shares are acquired by the Participant. The
Participant will be taxed on the fair market value of the Shares at the time the Shares are acquired.

Sale of Shares

If the Shares acquired by the Participant are sold the Participant will be subject to capital gains tax on the
difference between the sale proceeds and the fair market value of the Shares on the date of the acquisition
of Shares. Any loss realized on the sale of the Shares may be used first to offset any capital gains on
shares, then a specified percentage of the remaining loss may be used to offset any other capital gain and
then any further remaining loss may be used to offset earned income, subject to certain limits.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and social contributions (to
the extent that he/she has not already exceeded the applicable contribution ceiling) at the time the Shares
are acquired. It is the Participant's responsibility to report and pay taxes resulting from the acquisition of
Shares, the sale of the Shares or the receipt of any dividends.

3       DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in Sweden
on any dividends received. The Participant may be subject to U.S. federal back-up tax withholding if the
Participant does not certify his or her tax status to any U.S. financial institution acting in the capacity of
payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to the Participant if
the Participant files a U.S. non-resident income tax return.




                                                   - 75 -
UNITED KINGDOM TAX CONSEQUENCES

The following summary is based on the income and social tax laws in effect in the United Kingdom
as of the date of this prospectus. Tax laws are complex and can change frequently. As a result, the
information below may be out of date at the time the Participant is granted a right to acquire
Shares, purchases or acquires Shares, sells Shares or receives dividends in respect of Shares.

The following applies only to Participants who are resident and ordinarily resident for tax purposes
in the United Kingdom. If the Participant is not resident and ordinarily resident for tax purposes in
the United Kingdom, the income and social tax information below may not be applicable.
Furthermore, this information is general in nature and does not cover all of the various laws, rules
and regulations that may apply. It may not apply to each Participant's particular tax or financial
situation, and Accenture is not in a position to assure Participants of any particular tax result.

Participants are strongly advised to consult a tax advisor as to how the tax or other laws in their
country apply to their specific situation.

1      ESPP
Enrollment in the ESPP

The Participant is not subject to tax or national insurance contributions when he/she enrolls in the ESPP or
a new Purchase Period begins.

Purchase of Shares

When Shares are purchased under the ESPP, the Participant will be subject to income tax and national
insurance contributions on the difference between the value of the Shares on the date of purchase and the
Purchase Price.

Sale of Shares

If the Shares purchased pursuant to the ESPP are sold and the difference between the sale proceeds and
the value of the Shares on the date of purchase exceeds a certain exempt amount, the Participant will be
subject to capital gains tax on the difference. Under current legislation, the maximum rate of capital gains
tax is 40%. However, provided certain conditions are met, business assets taper relief applies to reduce
the effective rate of capital gains tax if the Participant has held the Shares for at least one complete year
and to reduce it further if the holding period is at least two complete years. If full business assets taper
relief applied, a higher rate taxpayer would have an effective rate of capital gains tax of 10%, and a basic
rate taxpayer would have an effective rate of capital gains tax of 5%.

If proposals announced by the UK government become law, the gain (above the exempt amount) on any
Shares sold by a Participant on or after 6 April 2008 will be subject to capital gains tax at a flat rate of 18%,
regardless of when the shares were acquired or any business assets taper relief that has accrued before 6
April 2008. As at the date of this prospectus, it is unknown whether the announced proposals will be
adopted at all, whether they will be adopted in their current form or whether any changes to the announced
proposals will have an adverse or positive effect.

Any loss realized on the sale of the Shares may be used to offset other capital gains in the year of sale and
any unused loss may be carried forward to future years to offset any net capital gains in those years.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and national insurance
contributions at the time he/she purchases the Shares. It is the Participant's responsibility to report and
pay any taxes resulting from the purchase or sale of the Shares or the receipt of any dividends.

2      VEIP
2.1    RIGHTS TO SHARE PURCHASES

Enrollment in the VEIP

The Participant will not be subject to tax or national insurance contributions when he/she enrolls in the
VEIP or a new VEIP Year begins.


                                                     - 76 -
Purchase of Shares

When Shares are purchased under the VEIP, the Participant should not be subject to income tax or
national insurance contributions.

Sale of Shares

If the Shares acquired under the VEIP are sold and the difference between the sale proceeds and the value
of the Shares on the date of purchase exceeds a certain exempt amount, the Participant will be subject to
capital gains tax on the difference. Under current legislation, the maximum rate of capital gains tax is 40%.
However, provided certain conditions are met, business assets taper relief applies to reduce the effective
rate of capital gains tax if the Participant has held the Shares for at least one complete year and to reduce
it further if the holding period is at least two complete years. If full business assets taper relief applied, a
higher rate taxpayer would have an effective rate of capital gains tax of 10%, and a basic rate taxpayer
would have an effective rate of capital gains tax of 5%.

If proposals announced by the UK government become law, the gain (above the exempt amount) on any
Shares sold by a Participant on or after 6 April 2008 will be subject to capital gains tax at a flat rate of 18%,
regardless of when the shares were acquired or any business assets taper relief that has accrued before 6
April 2008. As at the date of this prospectus, it is unknown whether the announced proposals will be
adopted at all, whether they will be adopted in their current form or whether any changes to the announced
proposals will have an adverse or positive effect.

Any loss realized on the sale of the Shares may be used to offset other capital gains in the year of sale and
any unused loss may be carried forward to future years to offset any net capital gains in those years.

Withholding and Reporting

Because there should be no tax due in connection with the purchase of Shares under the VEIP, the
Participant's employer will not be required to report income or withhold income tax or national insurance
contributions at the time the Shares are acquired. It is the Participant's responsibility to report and pay
taxes resulting from the sale of the Shares or the receipt of any dividends.

2.2     MATCHING RSUs

Grant

The Participant will not be subject to tax or national insurance contributions when Matching RSUs are
granted.

Vesting

The Participant will not be subject to tax or national insurance contributions when Matching RSUs vest.

Share Acquisition

The Participant will be subject to income tax and national insurance contributions when Shares are
acquired by the Participant. The Participant will be taxed on the value of the Shares acquired by him/her,
generally on the date of vesting.

Sale of Shares

If the Shares acquired by the Participant are sold and the difference between the sale proceeds and the
value of the Shares on the date of acquisition exceeds a certain exempt amount, the Participant will be
subject to capital gains tax on the difference. Under current legislation, the maximum rate of capital gains
tax is 40%. However, provided certain conditions are met, business assets taper relief applies to reduce
the effective rate of capital gains tax if the Participant has held the Shares for at least one complete year
and to reduce it further if the holding period is at least two complete years. If full business assets taper
relief applied, a higher rate taxpayer would have an effective rate of capital gains tax of 10%, and a basic
rate taxpayer would have an effective rate of capital gains tax of 5%.

If proposals announced by the UK government become law, the gain (above the exempt amount) on any
Shares sold by a Participant on or after 6 April 2008 will be subject to capital gains tax at a flat rate of 18%,
regardless of when the shares were acquired or any business assets taper relief that has accrued before 6
April 2008. As at the date of this prospectus, it is unknown whether the announced proposals will be


                                                     - 77 -
adopted at all, whether they will be adopted in their current form or whether any changes to the announced
proposals will have an adverse or positive effect.

Any loss realized on the sale of the Shares may be used to offset other capital gains in the year of sale and
any unused loss may be carried forward to future years to offset any net capital gains in those years.

Withholding and Reporting

The Participant's employer is required to report income and withhold income tax and national insurance
contributions at the time the Shares are acquired. It is the Participant's responsibility to report and pay
taxes resulting from the acquisition of Shares, the sale of the Shares or the receipt of any dividends.

3      DIVIDENDS
Where Shares are acquired pursuant to the ESPP or the VEIP, dividends may be paid in respect of those
Shares if Accenture, in its discretion, declares a dividend. The Participant will be subject to tax in the
United Kingdom on any dividends received. The Participant may be subject to U.S. federal back-up tax
withholding if the Participant does not certify his or her tax status to any U.S. financial institution acting in
the capacity of payor or middleman for the dividend. Any U.S. back-up withholding may be refundable to
the Participant if the Participant files a U.S. non-resident income tax return.




                                                     - 78 -
EXHIBITS
                             EXHIBIT I

ACCENTURE LIMITED 2001 EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED ON
                          SEPTEMBER 4, 2001
                                                                    EXHIBIT 10.1
               ACCENTURE LTD 2001 EMPLOYEE SHARE PURCHASE PLAN
                        (As amended September 4, 2001)

1.      Purpose of the Plan

                  The purpose of the Plan is to give Eligible Employees of the Company and its
Subsidiaries the ability to share in the Company's future success. The Company expects that it
will benefit from the added interest which such Eligible Employees will have in the welfare of
the Company as a result of their increased equity interest in the Company's success.

2.      Definitions

               The following capitalized terms used in the Plan have the respective meanings set
forth in this Section:

              (a)   Act: The Securities Exchange Act of 1934, as amended, or any
                    ---
                    successor thereto.

              (b)   Beneficial Owner: A "beneficial owner", as such term is
                    ----------------
                    defined in Rule 13d-3 under the Act (or any successor rule
                    thereto).

              (c)   Board: The Board of Directors of the Company.
                    -----

              (d)   Change in Control: The occurrence of any of the following
                    -----------------
                    events:

                    (i) any Person (other than (A) a Person holding securities
                    representing 10% or more of the combined voting power of the
                    Company's outstanding securities as of the date that the
                    Company completes an initial public offering (a
                    "Pre-Existing Shareholder"), (B) the Company (if permitted
                    by relevant law), any trustee or other fiduciary holding
                    securities under an employee benefit plan of the Company, or
                    (C) any company owned, directly or indirectly, by the
                    shareholders of the Company in substantially the same
                    proportions as their ownership of shares of the Company),
                    becomes the Beneficial Owner, directly or indirectly, of
                    securities of the Company, representing (I) 20% or more of
                    the combined voting power of the Company's then-outstanding
                    securities and (II) more of the combined voting power of the
                    Company's then-outstanding securities than the Pre-Existing
                    Shareholders in the aggregate;

                    (ii) during any period of twenty-four consecutive months
                    (not including any period prior to the date that the Company
                    completes an initial public offering), individuals who at
                    the beginning of such period constitute the Board, and any
                    new director (other than a director nominated by any Person
                    (other than the Board) who publicly announces an intention
                    to take or to consider taking actions (including, but not
                    limited to, an actual or threatened proxy contest) which if
                    consummated would constitute a
                                                                 2
      Change in Control under (i), (iii) or (iv) of this Section
      2(d)) whose election by the Board or nomination for election
      by the Company's shareholders has been approved by a vote of
      at least two-thirds of the directors then still in office
      who either were directors at the beginning of the period or
      whose election or nomination for election was previously so
      approved, cease for any reason to constitute at least a
      majority thereof;

      (iii) the consummation of any transaction or series of
      transactions resulting in a merger, consolidation or
      amalgamation, in which the Company is involved, other than a
      merger, consolidation or amalgamation which would result in
      the shareholders of the Company immediately prior thereto
      continuing to own (either by remaining outstanding or by
      being converted into voting securities of the surviving
      entity), in the same proportion as immediately prior to the
      transaction(s), more than 50% of the combined voting power
      of the voting securities of the Company or such surviving
      entity outstanding immediately after such merger,
      consolidation or amalgamation; or

      (iv) the complete liquidation of the Company or the sale or
      disposition by the Company of all or substantially all of
      the Company's assets.

(e)   Code: The Internal Revenue Code of 1986, as amended, or any
      ----
      successor thereto.

(f)   Committee: A committee of the Board that has been designated
      ---------
      by the Board to administer the Plan.

(g)   Company: Accenture Ltd, an exempted company registered in
      --------
      Bermuda under Number EC 30090.

(h)   Compensation: Base salary, annual bonuses, commissions,
      -------------
      overtime and shift pay, in each case prior to reductions for
      pre-tax contributions made to a plan or salary reduction
      contributions to a plan excludable from income under
      Sections 125 or 402(g) of the Code. Notwithstanding the
      foregoing, Compensation shall exclude severance pay, stay-on
      bonuses, long-term bonuses, retirement income, Change in
      Control payments, contingent payments, income derived from
      share options, share appreciation rights and other
      equity-based compensation and other forms of special
      remuneration.

(i)   Effective Date: The date the Board and the shareholders of
      --------------
      the Company approve the Plan.

(j)   Eligible Employee: An individual who is eligible to
      --------------
      participate in the Plan pursuant to Section 5 of the Plan.
(k)   Fair Market Value: On a given date, (i) if there should be a
      ------------------
      public market for the Shares on such date, the arithmetic
      mean of the high and low prices
                                                                 3
      of the Shares as reported on such date on the Composite Tape
      of the principal national securities exchange on which such
      Shares are listed or admitted to trading, or, if the Shares
      are not listed or admitted on any national securities
      exchange, the arithmetic mean of the per Share closing bid
      price and per Share closing asked price on such date as
      quoted on the National Association of Securities Dealers
      Automated Quotation System (or such market in which such
      prices are regularly quoted) (the "NASDAQ"), or, if no sale
      of Shares shall have been reported on the Composite Tape of
      any national securities exchange or quoted on the NASDAQ on
      such date, then the immediately preceding date on which
      sales of the Shares have been so reported or quoted shall be
      used; and (ii) if there should not be a public market for
      the Shares on such date, the Fair Market Value shall be the
      value established by the Committee in good faith.
(l)   Maximum Share Amount: Subject to applicable law, the maximum
      --------------------
      number of Shares that a Participant may purchase on any
      given Purchase Date, as determined by the Committee in its
      sole discretion.

(m)   Offering Date: The first date of an Offering Period.
      -------------

(n)   Offering Period: A period of time established by the
      ---------------
      Committee from time to time not to exceed 27 months. The
      Offering Period may be evidenced by such documents as may be
      determined by the Committee in its sole discretion.
(o)   Option: A share option granted pursuant to Section 7 of the
      ------
      Plan.

(p)   Participant: An Eligible Employee who elects to participate
      -----------
      in the Plan pursuant to Section 6 of the Plan.
(q)   Participating Subsidiary: A Subsidiary of the Company that
      ------------------------
      is selected to participate in the Plan by the Committee in
      its sole discretion.

(r)   Payroll Deduction Account: An account to which payroll
      -------------------------
      deductions of a Participant, or other payments made by a
      Participant to the extent provided by the Committee, are
      credited under Section 9(c) of the Plan.
(s)   Person: A "person", as such term is used for purposes of
      ------
      Section 13(d) or 14(d) of the Act (or any successor section
      thereto).

(t)   Plan: The Accenture Ltd 2001 Employee Share Purchase Plan.
      ----

(u)   Plan Broker: A stock brokerage or other financial services
      -----------
      firm designated by the Committee in its sole discretion.
(v)   Purchase Date: The last date of an Offering Period, or such
      -------------
      earlier date as determined by the Committee in its sole
      discretion.
                                                                               4
              (w)   Purchase Price: The purchase price per Share, as determined
                    --------------
                    pursuant to Section 8 of the Plan.

              (x)   Shares: Class A common shares of the Company.
                    ------

              (y)   Subsidiary: Any entity that, directly or indirectly, is
                    ----------
                    controlled by the Company, and any entity in which the
                    Company has a significant equity interest, in either case as
                    determined by the Committee; provided, however, that if the
                    Plan is intended to qualify as an "employee stock purchase
                    plan" within the meaning of Section 423(b) of the Code,
                    "Subsidiary" shall mean a "subsidiary corporation" as
                    defined in Section 424(f) of the Code (or any successor
                    section thereto).

              (z)   US$25,000 Limit: The calendar year limit defined in
                    ---------------
                    Section 9(a) of the Plan.

3.      Shares Subject to the Plan

                  The total number of Shares which may be issued or transferred under the Plan
is 75,000,000. The Shares may consist, in whole or in part, of unissued Shares or previously
issued Shares. The issuance or transfer of Shares pursuant to the Plan shall reduce the total
number of Shares available under the Plan.

4.      Administration

                  The Plan shall be administered by the Committee, which may delegate its duties
and powers in whole or in part as it determines; provided, however, that the Board may, in its
sole discretion, take any action designated to the Committee under this Plan as it may deem
necessary. The Committee is authorized to interpret the Plan, to establish, amend and rescind
any rules and regulations relating to the Plan, and to make any other determinations that it
deems necessary or desirable for the administration of the Plan. The Committee may correct any
defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to
the extent the Committee deems necessary or desirable. Any decision of the Committee in the
interpretation and administration of the Plan, as described herein, shall lie within its sole
and absolute discretion and shall be final, conclusive and binding on all parties concerned
(including, but not limited to, Participants and their beneficiaries or successors).

5.      Eligibility

                  Any individual who is an employee of the Company or of a Participating
Subsidiary is eligible to participate in the Plan, except that the Committee may exclude (either
generally or by reference to a subset thereof) from participation:

              (a)   employees whose customary employment is twenty (20) hours or
                    less per week within the meaning of Section 423(b)(4)(B) of
                    the Code;
                                                                                 5
              (b)   employees whose customary employment is for not more than
                    five (5) months in any calendar year within the meaning of
                    Section 423(b)(4)(C) of the Code;

              (c)   employees who, if granted an Option would immediately
                    thereafter own shares possessing five percent (5%) or more
                    of the total combined voting power or value of all classes
                    of shares of the Company or of its parent or Subsidiary
                    corporation within the meaning of Section 423(b)(3) of the
                    Code. For purposes of this Section 5(c), the rules of
                    Section 424(d) of the Code shall apply in determining share
                    ownership of an individual, and Shares which the employee
                    may purchase under outstanding Options shall be treated as
                    Shares owned by the employee; and

              (d)   employees who are highly compensated employees within the
                    meaning of Section 414(q) of the Code.

6.      Election to Participate

                  The Committee shall set forth procedures pursuant to which Eligible Employees
may elect to participate in a given Offering Period under the Plan.

7.      Grant of Option on Enrollment

                  With respect to an Offering Period, each Participant shall be granted an
Option to subscribe for or purchase (as of the Purchase Date) a number of Shares equal to the
lesser of (i) the Maximum Share Amount or (ii) the number determined by dividing the amount
accumulated in such Participant's Payroll Deduction Account during such Offering Period by the
Purchase Price.
8.       Purchase Price

                  The Purchase Price at which a Share will be issued or sold for a given
Offering Period shall be established by the Committee, but shall in no event be less than
eighty-five percent (85%) of the lesser of:
               (a) the Fair Market Value of a Share on the Offering Date; or
               (b) the Fair Market Value of a Share on the Purchase Date.
9.       Payment of Purchase Price; Changes in Payroll Deductions; Issuance of
         Shares

              Subject to Sections 10 and 11 of the Plan:

              (a)   Unless otherwise determined by the Committee, payroll
                    deductions (to the extent permitted by applicable local law)
                    shall be made on each day that a Participant is paid during
                    an Offering Period. The total deductions during an Offering
                    Period shall be made as a percentage of the Participant's
                    Compensation paid during such Offering Period in one percent
                    (1%)
                                                                 6
      increments, from one percent (1%) to ten percent (10%) of
      such Participant's Compensation, as elected by the
      Participant; provided, however, that no Participant shall be
      permitted to purchase Shares under this Plan (or under any
      "employee stock purchase plan", within the meaning of
      Section 423(b) of the Code, of the Company or any of its
      Subsidiaries) with an aggregate Fair Market Value (as
      determined pursuant to Section 423 of the Code) in excess of
      US$25,000 for any one calendar year within the meaning of
      Section 423(b)(8) of the Code (the "US$25,000 Limit").
      Unless otherwise determined by the Committee, for a given
      Offering Period, payroll deductions shall commence on the
      Offering Date and shall end on the related Purchase Date,
      unless sooner altered or terminated as provided in the Plan.
(b)   A Participant shall not change the rate of payroll
      deductions once an Offering Period has commenced. The
      Committee shall specify procedures by which a Participant
      may increase or decrease the rate of payroll deductions for
      subsequent Offering Periods.

(c)   All payroll deductions made with respect to a Participant
      shall be credited to the Participant's Payroll Deduction
      Account under the Plan and shall be deposited with the
      general funds of the Company, and, to the extent permitted
      by applicable local law, no interest shall accrue on the
      amounts credited to such Payroll Deduction Account. All
      payroll deductions received or held by the Company may be
      used by the Company for any corporate purpose, and the
      Company shall not be obligated to segregate such payroll
      deductions, to the extent permitted by applicable local law.
      Except to the extent provided by the Committee, a
      Participant may not make any separate cash payments into
      such Participant's Payroll Deduction Account, and payment
      for Shares purchased under the Plan may not be made in any
      form other than by payroll deduction.

(d)   On each Purchase Date, the Company shall apply all funds
      then in the Participant's Payroll Deduction Account to
      purchase Shares (in whole and/or fractional Shares, as the
      case may be), up to the US$25,000 Limit or, if less, the
      Maximum Share Amount, pursuant to the Option granted on the
      Offering Date for that Offering Period. In the event the
      funds in the Participant's Payroll Deduction Account exceed
      the lesser of (i) the US$25,000 Limit or (ii) the amount
      necessary to purchase the Maximum Share Amount, such excess
      shall be returned, without interest (to the extent permitted
      by applicable local law), to the Participant. In the event
      that the number of Shares to be purchased by all
      Participants in any Offering Period exceeds the number of
      Shares then available for issuance under the Plan, (i) the
      Company shall make a pro rata allocation of the remaining
      Shares in as uniform a manner as shall be practicable and as
      the Committee shall, in its sole discretion, determine to be
      equitable and (ii) all funds not used to purchase Shares on
      the Purchase Date shall be
                                                                                7
                     returned, without interest (to the extent permitted by
                     applicable local law), to the Participants.
              (e)    As soon as practicable following the end of each Offering
                     Period, the number of Shares purchased by each Participant
                     shall be deposited into an account established in the
                     Participant's name with the Plan Broker. Unless otherwise
                     permitted by the Committee in its sole discretion, dividends
                     that are declared on the Shares held in such account shall
                     be reinvested in whole or fractional Shares.
              (f)    At any time after the 24 month period following the relevant
                     Offering Date, the Participant may (i) transfer the
                     Participant's Shares to another brokerage account of the
                     Participant's choosing or (ii) request in writing that such
                     Shares be transferred to the Participant with respect to the
                     whole Shares in the Participant's Plan Broker account and
                     that any fractional Shares remaining in such account be paid
                     in cash to the Participant. The Committee may require, in
                     its sole discretion, that the Participant bear the cost of
                     transferring such Shares.

              (g)    The Participant shall have no interest or voting right in
                     the Shares covered by the Participant's Option until such
                     Option is exercised and the Shares in question are
                     registered in the name of the Participant.
10.     Withdrawal

                  Each Participant may withdraw from participation in respect of an Offering
Period or from the Plan under such terms and conditions as are established by the Committee in
its sole discretion. Upon a Participant's withdrawal from participation in respect of any
Offering Period or from the Plan, all accumulated payroll deductions in the Payroll Deduction
Account shall be returned, without interest (to the extent permitted by applicable local law),
to such Participant, and such Participant shall not be entitled to any Shares on the Purchase
Date or thereafter with respect to the Offering Period in effect at the time of such withdrawal.
Such Participant shall be permitted to participate in subsequent Offering Periods pursuant to
such terms and conditions established by the Committee in its sole discretion.

11.     Termination of Employment

                  A Participant shall cease to participate in the Plan upon the Participant's
termination of employment for any reason. All payroll deductions credited to the former
Participant's Payroll Deduction Account as of the date of such termination shall be (a) in the
event such termination is due to a transfer to a Subsidiary, applied to the purchase of Shares
on the next Purchase Date, or (b) in the event such termination is due to any reason other than
(a) above, returned, without interest (to the extent permitted by applicable local law), to such
former Participant or to the former Participant's designated beneficiary, as the case may be,
and such former Participant or beneficiary shall have no future rights in any unexercised
Options under the Plan, unless the former Participant again becomes an Eligible Employee.
                                                                              8
12.     Adjustments Upon Certain Events

                  Notwithstanding any other provisions in the Plan to the contrary, the
following provisions shall apply to all Options granted under the Plan:

              (a)  Generally. In the event of any change in the outstanding
                   ---------
                   Shares after the Effective Date by reason of any Share
                   dividend or split, reorganization, recapitalization, merger,
                   consolidation, amalgamation, spin-off or combination
                   transaction or exchange of Shares or other corporate
                   exchange, or any distribution to shareholders of Shares
                   other than regular cash dividends or any transaction similar
                   to the foregoing, the Committee in its sole discretion and
                   without liability to any person may make such substitution
                   or adjustment, if any, as it deems to be equitable, as to
                   (i) the number or kind of Shares or other securities issued
                   or reserved for issuance pursuant to the Plan, (ii) the
                   number or kind of Shares or other securities subject to
                   outstanding Options, (iii) the Purchase Price and/or (iv)
                   any other affected terms of such Options.
              (b) Change in Control. In the event of a Change in Control, the
                   ------------------
                   Committee in its sole discretion and without liability to
                   any person may take such actions, if any, as it deems
                   necessary or desirable with respect to any Option as of the
                   date of the consummation of the Change in Control.
13.     Nontransferability

                  Options granted under the Plan shall not be transferable or assignable by the
Participant other than by will or by the laws of descent and distribution.

14.     No Right to Employment

                  The granting of an Option under the Plan shall impose no obligation on the
Company or any Subsidiary to continue the employment of a Participant and shall not lessen or
affect the Company's or Subsidiary's right to terminate the employment of such Participant.

15.     Amendment or Termination of the Plan

                  The Plan shall continue until the earliest to occur of the following: (a)
termination of the Plan by the Board, (b) issuance of all of the Shares reserved for issuance
under the Plan, or (c) the tenth anniversary of the Effective Date. The Board may amend, alter
or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which (x)
without the approval of the shareholders of the Company, would (except as is provided in Section
12 of the Plan) increase the total number of Shares reserved for the purposes of the Plan or (y)
without the consent of a Participant, would impair any of the rights or obligations under any
Option theretofore granted to such Participant under the Plan; provided, however, that the
Committee may amend the Plan in such manner as it deems necessary to permit the granting of
Options meeting the requirements of the Code or other applicable laws.
                                                                              9
16.     Tax Withholding

                  The Company shall have the right to withhold from a Participant such
withholding taxes as may be required by federal, state, local or other law, or to otherwise
require the Participant to pay such withholding taxes. Unless the Committee specifies otherwise,
a Participant may elect to pay a portion or all of such withholding taxes by (a) delivery of
Shares; provided that such Shares have been held by the Participant for no less than six months
(or such other period as established from time to time by the Committee or generally accepted
accounting principles), or (b) having Shares equal to the minimum statutory withholding rate
withheld by the Company from any Shares that otherwise would have been received by the
Participant.

17.     International Participants

                  With respect to employees of the Company or any entity that, directly or
indirectly, is controlled by the Company, and any entity in which the Company has a significant
equity interest, in either case as determined by the Committee, who reside or work outside the
United States of America, the Committee may, in its sole discretion, amend the terms of the Plan
with respect to such employees in order to conform such terms with the provisions of local law,
and the Committee may, where appropriate, establish one or more plans to reflect such amended or
varied provisions.

18.     Notices

                  All notices and other communications hereunder shall be in writing and hand
delivered or mailed by registered or certified mail (return receipt requested) or sent by any
means of electronic message transmission with delivery confirmed (by voice or otherwise) to the
Company in care of its General Counsel at:

                  Accenture Ltd
                  1661 Page Mill Road
                  Palo Alto, CA 94304
                  Telecopy: (650) 213-2956
                  Attn: General Counsel

(or, if different, the then current principal business address of the duly appointed General
Counsel of the Company) and to the Participant at the address appearing in the personnel records
of the Company for the Participant or to either party at such other address as either party
hereto may hereafter designate in writing to the other. Any such notice shall be deemed
effective upon receipt thereof by the addressee.

19.     Choice of Law

                  The Plan shall be governed by and construed in accordance with the laws of the
State of New York without regard to the conflicts of laws provisions thereof.

20.     Effectiveness of the Plan

                  The Plan shall be effective as of the Effective Date.
                           EXHIBIT II

ACCENTURE LIMITED 2001 SHARE INCENTIVE PLAN, AS OF JUNE 5, 2001
                                                                                                                           Exhibit 10.3

                                       ACCENTURE LTD 2001 SHARE INCENTIVE PLAN

1.             Purpose of the Plan
            The purpose of the Plan is to aid the Company and its Affiliates in recruiting, retaining and rewarding key employees,
Former Partners, Former U.S. Employees, directors, consultants or other Persons of outstanding ability and to motivate such
employees, Former Partners, Former U.S. Employees, directors, consultants or Persons who perform services for the Company or
an Affiliate to exert their best efforts on behalf of the Company and its Affiliates by providing incentives through the granting of
Awards. The Company expects that it will benefit from the added interest which such key employees, Former Partners, Former
U.S. Employees, directors, consultants or other Persons will have in the welfare of the Company as a result of their proprietary
interest in the Company's success.
2.             Definitions
             The following capitalized terms used in the Plan have the respective meanings set forth in this Section:
       (a)        Act: The Securities Exchange Act of 1934, as amended, or any successor thereto.

       (b)        Affiliate: Any entity directly or indirectly controlling, controlled by, or under common control with, the Company
                  or any other entity designated by the Board in which the Company or an Affiliate has an interest.

       (c)        Award: An Option, Share Appreciation Right or Other Share-Based Award granted pursuant to the Plan.

       (d)        Beneficial Owner: A "beneficial owner", as such term is defined in Rule 13d-3 under the Act (or any successor
                  rule thereto).

       (e)        Board: The Board of Directors of the Company.

       (f)        Change in Control: The occurrence of any of the following events:
                  (i) any Person (other than (A) a Person holding securities representing 10% or more of the combined voting
                  power of the Company's outstanding securities as of the date that the Company completes an initial public
                  offering (a "Pre-Existing Shareholder"), (B) the Company (if permitted by relevant law), any trustee or other
                  fiduciary holding securities under an employee benefit plan of the Company, or (C) any company owned, directly
                  or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of
                  shares of the Company), becomes the Beneficial Owner, directly or indirectly, of securities of the Company,
                  representing (I) 20% or more of the combined voting power of the Company's then-outstanding securities and
                  (II) more of the combined voting power of the Company's then-outstanding securities than the Pre-Existing
                  Shareholders in the aggregate;

                    (ii) during any period of twenty-four consecutive months (not including any period prior to the date that the
                    Company completes an initial public offering), individuals who at the beginning of such period constitute the
                    Board, and any new director (other than a director nominated by any Person (other than the Board) who publicly
                    announces an intention to take or to consider taking actions (including, but not limited to, an actual or threatened
                    proxy contest) which if consummated would constitute a Change in Control under (i), (iii) or (iv) of this Section
                    2(f)) whose election by the Board or nomination for election by the Company's shareholders has been approved
                    by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of
                    the period or whose election or nomination for election was previously so approved, cease for any reason to
                    constitute at least a majority thereof;
                    (iii) the consummation of any transaction or series of transactions resulting in a merger, consolidation or
                    amalgamation, in which the Company is involved, other than a merger, consolidation or amalgamation which
                    would result in the shareholders of the Company immediately prior thereto continuing to own (either by
                    remaining outstanding or by being converted into voting securities of the surviving entity), in the same
                    proportion as immediately prior to the transaction(s), more than 50% of the combined voting power of the voting
                    securities of the Company or such surviving entity outstanding immediately after such merger, consolidation or
                    amalgamation; or

                    (iv) the complete liquidation of the Company or the sale or disposition by the Company of all or substantially all
                    of the Company's assets.

         (g)        Code: The Internal Revenue Code of 1986, as amended, or any successor thereto.

         (h)        Committee: A committee of the Board that has been designated by the Board to administer the Plan.

         (i)        Company: Accenture Ltd, an exempted company registered in Bermuda under Number EC 30090.

         (j)        Effective Date: June 5, 2001.
         (k)       Fair Market Value: On a given date, (i) if there should be a public market for the Shares on such date, the
                   arithmetic mean of the high and low prices of the Shares as reported on such date on the Composite Tape of the
                   principal national securities exchange on which such Shares are listed or admitted to trading, or, if the Shares are
                   not listed or admitted on any national securities exchange, the arithmetic mean of the per Share closing bid price
                   and per Share closing asked price on such date as quoted on the National Association of Securities Dealers
                   Automated Quotation System (or such market in which such prices are regularly quoted) (the "NASDAQ"), or, if
                   no sale of Shares shall have been reported on the Composite Tape of any national securities exchange or quoted
                   on the NASDAQ on such date, then the immediately preceding date on which sales of the Shares have been so
                   reported or quoted shall be used; provided that, in the event of an initial public offering of the Shares of the
                   Company, the Fair Market Value on the date of such initial public offering shall be the price at which the initial
                   public offering was made; and (ii) if there should not be a public market for the Shares on such date, the Fair
                   Market Value shall be the value established by the Committee in good faith.

         (l)       Former Partner: An individual who is a former partner of a predecessor of the Company, an Affiliate or a
                   predecessor of an Affiliate.

         (m)       Former U.S. Employee: An individual who is a former employee of the Company or an Affiliate, or a
                   predecessor of either the Company or an Affiliate, and who was primarily employed at a location inside the
                   United States.

         (n)       Grant Price: The purchase price per Share under the terms of an Option, as determined pursuant to Section 6(a)
                   of the Plan.

         (o)       ISO: An Option that is also an incentive stock option, as described in Section 422 of the Code, granted pursuant
                   to Section 6(c) of the Plan.

         (p)       LSAR: A limited share appreciation right granted pursuant to Section 7(d) of the Plan.

         (q)       Option: A share option granted pursuant to Section 6 of the Plan.

         (r)       Other Share-Based Awards: Awards granted pursuant to Section 8 of the Plan.

         (s)       Participant: An employee, Former Partner, Former U.S. Employee, director, or consultant of, or any Person who
                   performs services for, the Company or an Affiliate who is selected by the Committee to participate in the Plan.

         (t)       Person: A "person", as such term is used for purposes of Section 13(d) or 14(d) of the Act (or any successor
                   section thereto).

         (u)       Plan: The Accenture Ltd 2001 Share Incentive Plan.

         (v)       RSU: A restricted share unit, granted pursuant to Section 8 of the Plan, that represents the right to receive a
                   Share.

         (w)       Shares: Class A common shares of the Company.

         (x)       Share Appreciation Right: A share appreciation right granted pursuant to Section 7 of the Plan.

         (y)       Subsidiary: A "subsidiary corporation" as defined in Section 424(f) of the Code (or any successor section
                   thereto).

3.             Shares Subject to the Plan
           The total number of Shares that may be used to satisfy Awards under the Plan is 375,000,000. The Shares may consist,
in whole or in part, of unissued Shares or previously-issued Shares. The issuance or transfer of Shares or the payment of cash to a
Participant upon the exercise or payment of an Award shall reduce the total number of Shares available under the Plan, as
applicable. Shares that are subject to Awards which terminate, lapse or are cancelled may again be used to satisfy Awards under
the Plan.

4.             Administration
            The Plan shall be administered by the Committee, which may delegate its duties and powers in whole or in part as it
determines; provided, however, that the Board may, in its sole discretion, take any action designated to the Committee under this
Plan as it may deem necessary. The Committee may grant Awards under this Plan only to Participants; provided that Awards may
also, in the discretion of the Committee, be made under the Plan in assumption of, or in substitution for, outstanding awards
previously granted by the Company or its Affiliates or a company that becomes an Affiliate. The number of Shares underlying
such substitute Awards shall be counted against the aggregate number of Shares available for Awards under the Plan. The
Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to
make any other determinations that it deems necessary or desirable for the administration of the Plan. The Committee may correct
any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems
necessary or desirable. Any decision of the Committee in the interpretation and administration of the Plan, as described herein,
shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but
not limited to, Participants and their beneficiaries or successors). The Committee shall have the full power and authority to
establish the terms and conditions of any Award consistent with the provisions of the Plan and to waive any such terms and
conditions at any time (including, without limitation, accelerating or waiving any vesting conditions). The Committee shall require
payment of any amount it may determine to be necessary to withhold for federal, state, local or other taxes of any relevant
jurisdiction as a result of the granting, vesting or exercise of an Award, the delivery of cash or Shares pursuant to an Award, or
upon the sale of Shares acquired by the granting, vesting or exercise of an Award.

5.             Limitations

          No Award may be granted under the Plan after the tenth anniversary of the Effective Date, but Awards theretofore
granted may extend beyond that date.

6.             Terms and Conditions of Options
           Options granted under the Plan shall be, as determined by the Committee, non-qualified stock options or ISOs for
United States federal income tax purposes (or other types of Options in jurisdictions outside the United States), as evidenced by
the related Award agreements, and shall be subject to the foregoing and the following terms and conditions and to such other terms
and conditions, not inconsistent therewith, as the Committee shall determine:

         (a)       Grant Price; Exercisability. Options granted under the Plan shall have a Grant Price, and shall be exercisable at
                   such time and upon such terms and conditions, as may be determined by the Committee.
         (b)       Exercise of Options. Except as otherwise provided in the Plan or in an Award agreement, an Option may be
                   exercised for all, or from time to time any part, of the Shares for which it is then exercisable. For purposes of this
                   Section 6 of the Plan, the exercise date of an Option shall be the later of the date a notice of exercise is received
                   by the Company and, if applicable, the date payment is received by the Company pursuant to clauses (i), (ii) or
                   (iii) in the following sentence. Except as otherwise provided in an Award agreement, the purchase price for the
                   Shares as to which an Option is exercised shall be paid in full at the time of exercise at the election of the
                   Participant (i) in cash or its equivalent (e.g., by check), (ii) to the extent permitted by the Committee, by
                   transferring Shares having a Fair Market Value equal to the aggregate Grant Price for the Shares being purchased
                   to a nominee of the Company and satisfying such other requirements as may be imposed by the Committee;
                   provided, that such Shares have been held by the Participant for no less than six months (or such other period as
                   established from time to time by the Committee or generally accepted accounting principles), (iii) partly in cash
                   and, to the extent permitted by the Committee, partly in such Shares or (iv) through the delivery of irrevocable
                   instructions to a broker to sell Shares obtained upon the exercise of the Option and deliver promptly to the
                   Company an amount out of the proceeds of such sale equal to the aggregate Grant Price for the Shares being
                   purchased. No Participant shall have any rights to dividends or other rights of a shareholder with respect to
                   Shares subject to an Option until the Participant has given written notice of exercise of the Option, the
                   Participant has paid in full for such Shares, the Shares in question have been registered in the Company's register
                   of shareholders and, if applicable, the Participant has satisfied any other conditions imposed by the Committee
                   pursuant to the Plan.
         (c)       ISOs. The Committee may grant Options under the Plan that are intended to be ISOs. No ISO shall have a per
                   Share Grant Price of less than the Fair Market Value of a Share on the date granted or have a term in excess of
                   ten years; provided, however, that no ISO may be granted to any Participant who at the time of such grant, owns
                   more than ten percent of the total combined voting power of all classes of shares of the Company or of any
                   Subsidiary, unless (i) the Grant Price for such ISO is at least 110% of the Fair Market Value of a Share on the
                   date the ISO is granted and (ii) the date on which such ISO terminates is a date not later than the day preceding
                   the fifth anniversary of the date on which the ISO is granted. Any Participant who disposes of Shares acquired
                   upon the exercise of an ISO either (A) within two years after the date of grant of such ISO or (B) within one year
                   after the transfer of such Shares to the Participant, shall notify the Company of such disposition and of the
                   amount realized upon such disposition.

         (d)       Attestation. Wherever in this Plan or any agreement evidencing an Award a Participant is permitted to pay the
                   Grant Price by delivering Shares to a nominee of the Company, the Participant may, subject to procedures
                   satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of
                   such Shares, in which case the Company shall treat the Option as exercised without further payment and shall
                   withhold such number of Shares from the Shares acquired by the exercise of the Option.

7.             Terms and Conditions of Share Appreciation Rights
         (a)       Grants. The Committee also may grant (i) a Share Appreciation Right independent of an Option or (ii) a Share
                   Appreciation Right in connection with an Option, or a portion thereof. A Share Appreciation Right granted
                   pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option is granted or at
                   any time prior to the exercise or cancellation of the related Option, (B) shall cover the same Shares covered by an
                   Option (or such lesser number of Shares as the Committee may determine) and (C) shall be subject to the same
                   terms and conditions as such Option except for such additional limitations as are contemplated by this Section 7
                   (or such additional limitations as may be included in an Award agreement).

         (b)
                  Terms. The exercise price per Share of a Share Appreciation Right shall be an amount determined by the
                  Committee. Each Share Appreciation Right granted independent of an Option shall entitle a Participant upon
                  exercise to a payment from the Company of an amount equal to (i) the excess of (A) the Fair Market Value on
                  the exercise date of one Share over (B) the exercise price per Share, times (ii) the number of Shares covered by
                  the Share Appreciation Right. Each Share Appreciation Right granted in conjunction with an Option, or a portion
                  thereof, shall entitle a Participant to surrender to the Company the unexercised Option, or any portion thereof,
                  and to receive from the Company in exchange therefor an amount equal to (I) the excess of (x) the Fair Market
                  Value on the exercise date of one Share over (y) the Grant Price per Share, times (II) the number of Shares
                  covered by the Option, or portion thereof, which is surrendered. The date a notice of exercise is received by the
                  Company shall be the exercise date. Payment shall be made in Shares or in cash, or partly in Shares and partly in
                  cash (any such Shares valued at such Fair Market Value), all as shall be determined by the Committee. If the
                  payment is made, in whole or in part, in newly issued Shares, the Participant shall agree to pay to the Company
                  the aggregate par value of such Shares. Share Appreciation Rights may be exercised from time to time upon
                  actual receipt by the Company of written notice of exercise stating the number of Shares with respect to which
                  the Share Appreciation Right is being exercised. No fractional Shares will be issued in payment for Share
                  Appreciation Rights, but instead cash will be paid for a fraction or, if the Committee should so determine, the
                  number of Shares will be rounded downward to the next whole Share.

         (c)      Limitations. The Committee may impose, in its discretion, such conditions upon the exercisability or
                  transferability of Share Appreciation Rights as it may deem fit.

         (d)      Limited Share Appreciation Rights. The Committee may grant LSARs that are exercisable upon the occurrence
                  of specified contingent events. Such LSARs may provide for a different method of determining appreciation,
                  specify that payment will be made only in cash and provide that any related Awards are not exercisable while
                  such LSARs are exercisable. Unless the context otherwise requires, whenever the term "Share Appreciation
                  Right" is used in the Plan, such term shall include LSARs.

8.             Other Share-Based Awards
           The Committee, in its sole discretion, may grant Awards of Shares, Awards of restricted Shares, Awards of RSUs and
other Awards that are valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares
("Other Share-Based Awards"). Such Other Share-Based Awards shall be in such form, and dependent on such conditions, as the
Committee shall determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of
such Shares) upon the completion of a specified period of service, the occurrence of an event and/or the attainment of performance
objectives. Other Share-Based Awards may be granted alone or in addition to any other Awards granted under the Plan. Subject to
the provisions of the Plan, the Committee shall determine: (i) to whom and when Other Share-Based Awards will be made; (ii) the
number of Shares to be awarded under (or otherwise related to) such Other Share-Based Awards; (iii) whether such Other Share-
Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and (iv) all other terms and conditions of such
Other Share-Based Awards (including, without limitation, the vesting provisions thereof and provisions ensuring that all Shares so
awarded and issued shall be fully paid and non-assessable). If any Award is satisfied, in whole or in part, in newly issued Shares, it
will be a condition of issue that the Participant agrees to pay to the Company the aggregate par value of such Shares.

9.             Adjustments Upon Certain Events

          Notwithstanding any other provisions in the Plan to the contrary, the following provisions shall apply to all Awards
granted under the Plan:
         (a)      Generally. In the event of any change in the outstanding Shares after the Effective Date by reason of any Share
                  dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination
                  transaction or exchange of Shares or other corporate exchange, or any distribution to shareholders of Shares
                  other than regular cash dividends or any transaction similar to the foregoing, the Committee in its sole discretion
                  and without liability to any person may make such substitution or adjustment, if any, as it deems to be equitable,
                  as to (i) the number or kind of Shares or other securities issued or reserved for issuance pursuant to the Plan or
                  pursuant to outstanding Awards, (ii) the Grant Price or exercise price of any Share Appreciation Right and/or
                  (iii) any other affected terms of any Award.
         (b)      Change in Control. In the event of a Change in Control after the Effective Date, the Committee may, in its sole
                  discretion, provide for the termination of an Award upon the consummation of the Change in Control and (x) the
                  payment of a cash amount in exchange for the cancellation of an Award which, in the case of Options and Share
                  Appreciation Rights, may equal the excess, if any, of the Fair Market Value of the Shares subject to such
                  Options or Share Appreciation Rights over the aggregate exercise price of such Options or Share Appreciation
                  Rights, and/or (y) the issuance of substitute Awards that will substantially preserve the otherwise applicable
                  terms of any affected Awards previously granted hereunder.

10.             No Right to Employment or Awards

           The granting of an Award under the Plan shall impose no obligation on the Company or any Affiliate to continue the
employment or service or consulting relationship of a Participant and shall not lessen or affect the Company's or Affiliate's right to
terminate the employment or service or consulting relationship of such Participant. No Participant or other person shall have any
claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of
Awards. The terms and conditions of Awards and the Committee's determinations and interpretations with respect thereto need
not be the same with respect to each Participant (whether or not such Participants are similarly situated).

11.           Successors and Assigns

           The Plan shall be binding on all successors and assigns of the Company and a Participant, including without limitation,
the estate of such Participant and the executor, administrator or trustee of such estate, or any receiver or trustee in bankruptcy or
representative of the Participant's creditors.

12.           Nontransferability of Awards

           Unless otherwise determined by the Committee, an Award shall not be transferable or assignable by the Participant
other than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may be
exercised by the legatees, personal representatives or distributees of the Participant.

13.           Amendments or Termination

            The Board may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made
which (a) without the approval of the shareholders of the Company, would (except as provided in Section 9 of the Plan) increase
the total number of Shares reserved for the purposes of the Plan, or (b) without the consent of a Participant, would diminish any of
the rights of the Participant under any Award theretofore granted to such Participant under the Plan; provided, however, that the
Committee may amend the Plan in such manner as it deems necessary to permit Awards to meet the requirements of the Code or
other applicable laws.

14.           International Participants

           With respect to Participants who reside or work outside the United States of America, the Committee may, in its sole
discretion, amend the terms of the Plan or Awards with respect to such Participants in order to conform such terms with the
provisions of local law, and the Committee may, where appropriate, establish one or more sub-plans to reflect such amended or
varied provisions.

15.           Choice of Law

           The Plan shall be governed by and construed in accordance with the laws of the State of New York without regard to
conflicts of laws.

16.           Effectiveness of the Plan

          The Plan shall be effective as of the Effective Date, subject to the approval of the shareholders of the Company.
                                   EXHIBIT III

INFORMATION STATEMENT, FILED (BY ACCENTURE SCA) WITH THE SEC ON OCTOBER 22, 2007
                                                                 UNITED STATES
                                                     SECURITIES AND EXCHANGE COMMISSION
                                                              Washington, D.C. 20549

                                                                     SCHEDULE 14C

                                                     Information Statement Pursuant to Section 14(c)
                                                          of the Securities Exchange Act of 1934

Check the appropriate box:

    Preliminary Information Statement

    Confidential, for Use of the Commission Only (as permitted by Rule 14c−5(d)(2))

    Definitive Information Statement


                                                          Accenture SCA
                                                      (Name of Registrant As Specified In Its Charter)
Payment of Filing Fee (Check the appropriate box):


    No fee required
    Fee computed on table below per Exchange Act Rules 14c−5(g) and 0−11
(1) Title of each class of securities to which transaction applies:


(2) Aggregate number of securities to which transaction applies:


(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0−11 (set forth the amount on which the filing fee is
calculated and state how it was determined):


(4) Proposed maximum aggregate value of transaction:


(5) Total fee paid:


    Fee paid previously with preliminary materials.
    Check box if any part of the fee is offset as provided by Exchange Act Rule 0−11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1) Amount Previously Paid:


(2) Form, Schedule or Registration Statement No.:


(3) Filing Party:


(4) Date Filed:
                                                                     ACCENTURE SCA

                                                     Notice of Annual General Meeting of Shareholders
                                                              to be held on November 15, 2007
   The shareholders of Accenture SCA, a Luxembourg partnership limited by shares (société en commandite par actions) registered with the Luxembourg
Trade and Companies Register under the number B 79 874, with registered and principal executive offices at 46A, avenue JF Kennedy, L−1885
Luxembourg (“Accenture SCA”), are cordially invited to attend the
                                                             ANNUAL GENERAL MEETING
which will be held on November 15, 2007, at 12:00 noon, local time, at the offices of Allen & Overy Luxembourg at 58, rue Charles Martel, L−2134
Luxembourg with the following agenda:
One extraordinary item:
   1.    Amendment of Articles 8 (numbered paragraphs 8, 13, 21, 22, 23 and 24), 12, 14, 15, 17 and 24 of Accenture SCA’s Articles of Association for
         the primary purpose of providing for the appointment of either a supervisory board or an external auditor to perform certain legally specified
         duties, as permitted under Luxembourg law.
Seven ordinary items:
   2.    Presentation of (i) the report on the annual accounts issued by the general partner, (ii) the report of the commissaire aux comptes of Accenture
         SCA, and (iii) the report of the supervisory board of Accenture SCA;

   3.    Approval of (i) the balance sheet, (ii) the profit and loss accounts, and (iii) the notes to the accounts of Accenture SCA as of and for the year ended
         August 31, 2007;

   4.    Allocation of the results of Accenture SCA as of and for the year ended August 31, 2007 and, without prejudice to the terms of Article 5 paragraph
         5 of Accenture SCA’s Articles of Association, declaration of a cash dividend in a per share amount of USD $0.42 to each holder of a Class I
         common share of Accenture SCA of record as of October 9, 2007 and authorization to the general partner to determine any applicable terms in
         respect of the payment of the dividend;

   5.    Discharge of the respective duties of the general partner, the commissaire aux comptes and the supervisory board in connection with the year
         ended August 31, 2007;

   6.    Appointment of KPMG S.àr.l. as the external auditor (réviseur d’entreprises) of Accenture SCA on a stand−alone basis, subject to approval by the
         Audit Committee of the general partner of the engagement of KPMG S.àr.l. as the external auditor of Accenture SCA, in satisfaction of the
         Luxembourg law requirement that Accenture SCA’s shareholders appoint a supervisory board or external auditor of Accenture SCA’s annual
         accounts for the year ending August 31, 2008;

   7.    Reappointment of KPMG LLP as the independent auditor of Accenture SCA on a consolidated basis with its subsidiaries for the year ending
         August 31, 2008, subject to approval by the Audit Committee of the general partner of the engagement of KPMG LLP as the independent auditor
         of Accenture SCA; and

   8.    Acknowledgement of the recording by way of notarial deed of the reclassification of Class I common shares into Class III common shares of
         Accenture SCA in the period from October 6, 2006 up to and including October 9, 2007.
The foregoing items of business are more fully described in the information statement accompanying this notice.
    Shareholders may obtain, free of charge, copies of (a) the stand−alone and consolidated (i) balance sheet, (ii) profit and loss accounts, and (iii) notes to
the accounts of Accenture SCA for the year ended August 31, 2007, (b) the list of securities held by Accenture SCA, (c) the list of shareholders, if any, who
have not fully paid up their shares with an indication of the number of shares and their contact details, (d) the report of the general partner, (e) the report of
the supervisory board, and (f) the report of the commissaire aux comptes, by making a written request to the general partner at Accenture Ltd, 50 W. San
Fernando Street, San Jose, CA 95113, United States of America, Attention: Secretary or at Accenture SCA’s registered office at 46A, avenue JF Kennedy,
L−1855 in Luxembourg.
    The general partner has fixed 11:59 p.m., local time in Luxembourg on October 9, 2007 as the record date for the determination of shareholders entitled
to notice of, and to vote at, the meeting. This means that only those persons who were registered holders of Accenture SCA Class I common shares, Class II
common shares or Class III common shares (including the Class III letter shares) at such time in Luxembourg on that date will be entitled to receive notice
of the meeting and to attend and vote at the meeting.
    The general partner is not asking you for a proxy in connection with the Annual General Meeting and you are requested not to send us a proxy.
                                                                               ACCENTURE LTD,
                                                                               acting as general partner of Accenture SCA
    Dated: October 22, 2007
                                                                                2
                                                           TABLE OF CONTENTS

                                                                               Page

General Information                                                            4

Items of Business for the Annual General Meeting                               5

Security Ownership of Certain Beneficial Owners and Management                 7

Independent Auditors’ Fees                                                     9

Other Matters                                                                  10

Annex A: Proposed Amendments to the Articles of Association of Accenture SCA   A−1
                                                                       3
                                                             INFORMATION STATEMENT
                                                          GENERAL INFORMATION
                                                 WE ARE NOT ASKING YOU FOR A PROXY AND
                                                YOU ARE REQUESTED NOT TO SEND US A PROXY.
Date, Time and Place
    This information statement is provided to the shareholders of Accenture SCA, a Luxembourg partnership limited by shares with registered and principal
executive offices at 46A, avenue JF Kennedy, L−1885 Luxembourg (“Accenture SCA”), in connection with the Annual General Meeting of Accenture
SCA’s shareholders to be held at 12:00 noon local time on November 15, 2007 (the “Annual General Meeting”). The Annual General Meeting will be held
at the offices of Allen & Overy Luxembourg at 58, rue Charles Martel, L−2134 Luxembourg. This information statement is first being sent to shareholders
on or about October 22, 2007.
Who Can Vote; Votes Per Share
    All persons who are registered holders of Accenture SCA Class I common shares, Class II common shares or Class III common shares (together with the
Class III letter shares, the “Class III common shares”) at 11:59 p.m., local time in Luxembourg on October 9, 2007 are shareholders of record for the
purposes of the Annual General Meeting and will be entitled to vote at the Annual General Meeting. As of the close of business on that date, there were
outstanding 190,841,087 Class I common shares held by 1,744 shareholders of record, 470,958,308 Class II common shares, all of which are held by
Accenture Ltd, the general partner of Accenture SCA (together with its controlled subsidiaries, “Accenture”), and 561,785,830 Class III common shares
(which number does not include issued shares held by Accenture SCA and/or its subsidiaries), all of which are also held by Accenture Ltd. These
shareholders of record will be entitled to one vote per Class I common share, Class II common share and Class III common share on all matters submitted to
a vote of shareholders, so long as those votes are represented at the Annual General Meeting. Your shares will be represented if you attend and vote at the
Annual General Meeting in person or by proxy.
Quorum and Voting Requirements
    One extraordinary and seven ordinary items are to be considered at the Annual General Meeting.
    Under Luxembourg law and Accenture SCA’s Articles of Association, there must be established a quorum of half of Accenture SCA’s outstanding
shares represented and voting at the Annual General Meeting for the purpose of approving the extraordinary item. There are no quorum requirements for the
ordinary items.
    In order to be approved, ordinary items being considered require the affirmative vote of a majority of the votes cast. Approval of the extraordinary items
being considered requires a two−thirds majority vote of the votes cast. Abstentions will not affect the voting results.
    The general partner of Accenture SCA, Accenture Ltd, intends to vote all of the Class II common shares and Class III common shares that it holds in
favor of approving each of the proposals to be voted upon at the Annual General Meeting. It is anticipated that Accenture Ltd shall hold at least 84% of the
aggregate outstanding Accenture SCA Class I common shares, Class II common shares and Class III common shares as of October 9, 2007, and therefore
will have the power, acting by itself, to approve all matters scheduled to be voted upon at the Annual General Meeting.
                                                                                4
                                            ITEMS OF BUSINESS FOR THE ANNUAL GENERAL MEETING
   The agenda for the Annual General Meeting includes the following items of business:
EXTRAORDINARY ITEM:
Item No. 1—Proposed Amendment of Articles 8 (numbered paragraphs 8, 13, 21, 22, 23 and 24), 12, 14, 15, 17 and 24 of the Articles of Association of
Accenture SCA
   At the Annual General Meeting, shareholders of Accenture SCA will vote on the amendment of Articles 8 (numbered paragraphs 8, 13, 21, 22, 23 and
24), 12, 14, 15, 17 and 24 of the Articles of Association of Accenture SCA for the primary purpose of providing for the appointment either of a supervisory
board or an external auditor to perform legally specified duties, as permitted under Luxembourg law. The text of the proposed amendments to the Articles of
Association is set forth on Annex A to this information statement.
   Reasons for and General Effect of the Proposed Amendments to the Articles of Association of Accenture SCA
   Under Luxembourg law, Accenture SCA is required to have either a supervisory board or an external auditor to perform legally specified duties. These
legally specified duties generally consist of the supervision or audit, as the case may be, of the books and accounts of Accenture SCA on a stand−alone
basis. As permitted by Luxembourg law, it is proposed to the shareholders of Accenture SCA that Accenture SCA’s Articles of Association be amended to
provide for the appointment of either a supervisory board or external auditor to perform such duties.
   The proposed amendments will have the effect of
       •     providing for the appointment of either a supervisory board or an external auditor to perform the legally specified duties of a supervisory board
             or an external auditor under Luxembourg law (please refer to the proposed amendments (underlined text) to the first paragraph of Article 17 set
             forth on Annex A);
       •     modifying certain other provisions of the Articles of Association to give effect to the appointment of either a supervisory board or an external
             auditor (please refer to the proposed amendments (underlined text) to Articles 8 (numbered paragraphs 8, 13, 21, 22, 23 and 24), 12, 14 (second
             paragraph), 17 (fourth, fifth, sixth, seventh, eighth, ninth and tenth paragraphs) and 24 set forth on Annex A); and

      •     eliminating certain other provisions of the Articles of Association relating to the powers of the supervisory board that are either subsumed
            within the legally specified duties of a supervisory board under Luxembourg law or are not required by Luxembourg law (please refer to the
            proposed amendments (deleted text) to Articles 14 (third paragraph), 15 and 17 (second and third paragraphs) set forth on Annex A).
   Upon passage by the shareholders of the proposed amendments at this meeting and passage of the appointment of an external auditor as proposed in
Item 6 below, the current members of the supervisory board will be replaced by an external auditor.
   The proposed amendments to Accenture SCA’s Articles of Association will be effective in respect of the shareholders of Accenture SCA upon passage
by the shareholders of the proposed amendments at this meeting.
ORDINARY ITEMS:
Item No. 2—Presentation of the Annual Accounts, the Report of the Commissaire aux Comptes and the Report of the Supervisory Board
   At the Annual General Meeting, shareholders will be presented (i) the report on the annual accounts issued by the general partner, (ii) the report of the
commissaire aux comptes of Accenture SCA, and (iii) the report of the supervisory board of Accenture SCA.
                                                                               5
Item No. 3—Approval of the Financial Statements of Accenture SCA as of and for the Year Ended August 31, 2007
    At the Annual General Meeting, shareholders of Accenture SCA will vote on the approval of the balance sheet, the profit and loss accounts, the notes to
the accounts and the allocation of the results of Accenture SCA as of and for the year ended August 31, 2007.
Item No. 4 —Allocation of the Results of Accenture SCA as of and for the Year Ended August 31, 2007 and Declaration of a Per Share Cash
Dividend of USD $0.42 on Class I Common Shares
    At the Annual General Meeting, the shareholders of Accenture SCA will vote on the question of whether to authorize the payment of a per share cash
dividend of USD $0.42 on the Class I common shares to shareholders of record as of October 9, 2007, in the manner provided in Article 5 of Accenture
SCA’s Articles of Association.
    Following the allocation of net profits to the payment of any dividend voted on above, the balance of the net profits will be allocated to the distributable
reserves of Accenture SCA.
Item No. 5—Discharge of the Respective Duties of the General Partner, Commissaire aux Comptes and Supervisory Board
    At the Annual General Meeting, shareholders of Accenture SCA will vote on the discharge of the respective duties of the general partner, the
commissaire aux comptes and the supervisory board in connection with the year ended August 31, 2007.
Item No. 6—Appointment of KPMG S.àr.l. as External Auditor of Accenture SCA on a Stand−Alone Basis
    At the Annual General Meeting, the shareholders of Accenture SCA will vote on the appointment of KPMG S.àr.l. as the external auditor (réviseur
d’entreprises) of Accenture SCA on a stand−alone basis for the year ending August 31, 2008, subject to approval by the Audit Committee of the general
partner of the engagement of KPMG S.àr.l. as the external auditor of Accenture SCA, in satisfaction of the Luxembourg law requirement that Accenture
SCA’s shareholders appoint a supervisory board or external auditor of Accenture SCA’s annual accounts. The appointment of KPMG S.àr.l. as the external
auditor of Accenture SCA on a stand−alone basis for the year ending August 31, 2008 is subject to approval of the proposed amendments to Accenture
SCA’s Articles of Association as set forth in Item No. 1.
Item No. 7—Re−Appointment of KPMG LLP as Independent Auditors of Accenture SCA
    At the Annual General Meeting, the shareholders of Accenture SCA will vote on the re−appointment of KPMG LLP as independent auditors of
Accenture SCA on a consolidated basis with its subsidiaries for the year ending August 31, 2008, subject to approval by the Audit Committee of the general
partner of the engagement of KPMG LLP as the independent auditor of Accenture SCA.
    No representative of KPMG LLP is expected to attend the Annual General Meeting.
Item No. 8—Acknowledgement of the Recording of the Reclassification of Class I Common Shares into Class III Common Shares
    At the Annual General Meeting, the shareholders of Accenture SCA will acknowledge the recording made by way of notarial deed by representatives of
Accenture Ltd, as the general partner of Accenture SCA, of the reclassification of Class I common shares into Class III common shares of Accenture SCA
in the period from October 6, 2006 up to and including October 9, 2007.
    The shareholders will also vote on any other business that properly comes before the Annual General Meeting.
                                                                               6
                            SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Beneficial Ownership of More than Five Percent
   As of October 9, 2007, the only person known by Accenture SCA to be a beneficial owner of more than 5% of Accenture SCA’s Class I common shares,
Class II common shares or Class III common shares was as follows:

                                         Class I common shares                    Class II common shares                  Class III common shares
                                         shares       % of shares                  shares         % of shares             shares          % of shares
Name and Address of                    beneficially   beneficially              beneficially      beneficially          beneficially      beneficially
Beneficial Owner                         owned           owned                     owned            owned                 owned              owned
Accenture Ltd                                0              0%                  470,958,308(1)        100%             561,785,830(1)         100%(1)
Canon’s Court
22 Victoria Street
Hamilton HM12,
Bermuda
(1)                                                                                       In addition, Accenture Ltd may be deemed to beneficially own
                                                                                          10,148,021 Class II common shares and 230,110,857 Class III
                                                                                          common shares held by Accenture SCA and wholly−owned
                                                                                          subsidiaries of Accenture SCA. Under Luxembourg law, shares
                                                                                          of Accenture SCA held by Accenture SCA or any of its direct or
                                                                                          indirect subsidiaries may not be voted at meetings of the
                                                                                          shareholders of Accenture SCA.
Beneficial Ownership of Directors and Executive Officers of Accenture
    The following table sets forth, as of October 9, 2007, information regarding beneficial ownership of Accenture Ltd Class A common shares and Class X
common shares and Accenture SCA Class I common shares held by (1) each of Accenture Ltd’s directors, Accenture Ltd’s chief executive officer, each
person who served as Accenture Ltd’s chief financial officer during fiscal 2007 and each other person who served as an executive officer of Accenture Ltd
at the end of fiscal 2007 and (2) all of the current directors and executive officers of Accenture Ltd as a group. To our knowledge, except as otherwise
indicated, each person listed below has sole voting and investment power with respect to the shares beneficially owned by him or her. For purposes of the
table below, “beneficial ownership” is determined in accordance with Rule 13d−3 under the Securities Exchange Act of 1934, pursuant to which a person or
group of persons is deemed to have “beneficial ownership” of any shares that such person has the right to acquire within 60 days after October 9, 2007.

                                                                                                                                            Percentage
                                                                                                                                                of the
                                                                                                                                           total number
                                                                                                                                             of Class A
                                       Accenture SCA Class I              Accenture Ltd Class A             Accenture Ltd Class X           and Class X
                                           common shares                      common shares                     common shares                 common
                                       shares       % shares              shares        % shares            shares       % shares              shares
                                     beneficially  beneficially         beneficially  beneficially        beneficially  beneficially        beneficially
Name(1)                                owned         owned                owned          owned              owned          owned               owned
William D. Green(2)(3)                  302,031             *%             137,516            **%            302,031           ***%                ****%
Dina Dublon(4)                                —            —                68,436            **                   —            —                  ****
Dennis F. Hightower                           —            —                 6,135            **                   —            —                  ****
Nobuyuki Idei                                 —            —                     —            —                    —            —                    —
William L. Kimsey(5)                          —            —                42,229            **                   —            —                  ****
Robert I. Lipp(4)                             —            —               208,445            **                   —            —                  ****
Marjorie Magner                               —            —                     —            —                    —            —                    —
Blythe J. McGarvie(4)                         —            —                65,738            **                   —            —                  ****
Mark Moody−Stuart(4)                          —            —                80,954            **                   —            —                  ****
Wulf von Schimmelmann(4)                      —            —                56,135            **                   —            —                  ****
Karl−Heinz Flöther(6)(7)                      —            —               340,471            **                   —            —                  ****
Mark Foster(7)(8)                             —            —               375,893            **                   —            —                  ****
Lisa Mascolo(2)(9)                      236,905             *               34,832            **             236,905           ***                 ****
Stephen J. Rohleder(2)(10)(11)          243,339             *               90,004            **             243,339           ***                 ****
Douglas G. Scrivner(2)                  343,094             *               10,478            **             343,094           ***                 ****
Robert N. Frerichs(2)(7)(12)            378,338             *               65,580            **             107,432           ***                 ****
Pamela Craig(2)(10)                     430,161             *               28,299            **             380,161           ***                 ****
Kevin Campbell                                —            —                 1,978            **                   —            —                  ****
Gianfranco Casati(2)(13)                265,857             *               26,592            **                   —            —                  ****
Martin Cole(2)(10)(14)                  201,417             *               52,963            **             201,417           ***                 ****
Anthony Coughlan(2)(15)                 199,628             *               20,482            **             199,628           ***                 ****
Adrian Lajtha(16)                             —            —               354,577            **                   —            —                  ****
Alexander van’t Noordende(17)                 —            —               205,545            **                   —            —                  ****
Michael G. McGrath(2)                   523,999             *                    —            —              523,999           ***                 ****
All current directors and
   executive officers as a group
   (23 persons)                        3,002,367              1.6%       2,029,561               **%       2,415,604               1.5%           ****%

                                                                            7
*      Less than 1% of Accenture SCA’s Class I common shares outstanding.

**     Less than 1% of Accenture Ltd’s Class A common shares outstanding.

***    Less than 1% of Accenture Ltd’s Class X common shares outstanding.

****   Less than 1% of the total number of Accenture Ltd’s Class A common shares and Class X common shares outstanding.

(1)    Address for all persons listed is c/o Accenture, 50 W. San Fernando Street, San Jose, CA 95113, USA.

(2)    Subject to the provisions of its Articles of Association, Accenture SCA is obligated, at the option of the holder of its shares and at any time, to
       redeem any outstanding Accenture SCA Class I common shares held by the holder. The redemption price per share generally is equal to the market
       price of an Accenture Ltd Class A common share at the time of the redemption. Accenture SCA has the option to pay this redemption price with
       cash or by delivering Accenture Ltd Class A common shares generally on a one−for−one basis as provided for in the Articles of Association of
       Accenture SCA. Each time an Accenture SCA Class I common share is redeemed from a holder, Accenture Ltd has the option, and intends to,
       redeem an Accenture Ltd Class X common share from that holder, for a redemption price equal to the par value of the Accenture Ltd Class X
       common share, or $.0000225. All Accenture SCA Class I common shares owned by the officer have been pledged to secure any non−compete
       obligations owing to Accenture SCA.

(3)    Includes 30,720 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
       October 9, 2007. Includes 75,509 Accenture Ltd Class A common shares expected to be distributed within 60 days from October 9, 2007 upon the
       vesting of certain performance−based restricted share units previously awarded to the officer. The vesting of the restricted share units is subject to
       written certification by the Compensation Committee of Accenture Ltd of the achievement of specified performance objectives, which is expected
       to occur on or about October 24, 2007.

(4)    Includes 55,000 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
       October 9, 2007.

(5)    Includes 35,000 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
       October 9, 2007.

(6)    Includes 28,975 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
       October 9, 2007. Includes 231,587 Accenture Ltd Class A common shares owned by the officer that have been pledged to secure any non−compete
       obligations owing to Accenture Ltd.

(7)    Includes 37,754 Accenture Ltd Class A common shares expected to be distributed within 60 days from October 9, 2007 upon the vesting of certain
       performance−based restricted share units previously awarded to the officer. The vesting of the restricted share units is subject to written
       certification by the Compensation Committee of Accenture Ltd of the achievement of specified performance objectives, which is expected to occur
       on or about October 24, 2007.

(8)    Includes 32,529 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
       October 9, 2007. Includes 304,717 Accenture Ltd Class A common shares owned by the officer that have been pledged to secure any non−compete
       obligations owing to Accenture Ltd.

(9)    Officer’s spouse owns 29,552 Accenture Ltd Class A common shares and share options to acquire up to 8,000 additional Accenture Ltd Class A
       common shares within 60 days from October 9, 2007.

(10)   Includes 27,335 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
       October 9, 2007.
                                                                         8
(11)    Includes 52,856 Accenture Ltd Class A common shares expected to be distributed within 60 days from October 9, 2007 upon the vesting of certain
        performance−based restricted share units previously awarded to the officer. The vesting of the restricted share units is subject to written
        certification by the Compensation Committee of Accenture Ltd of the achievement of specified performance objectives, which is expected to occur
        on or about October 24, 2007.

(12)    Includes 19,135 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
        October 9, 2007.

(13)    Includes 25,968 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
        October 9, 2007.

(14)    Includes 22,653 Accenture Ltd Class A common shares expected to be distributed within 60 days from October 9, 2007 upon the vesting of certain
        performance−based restricted share units previously awarded to the officer. The vesting of the restricted share units is subject to written
        certification by the Compensation Committee of Accenture Ltd of the achievement of specified performance objectives, which is expected to occur
        on or about October 24, 2007.

(15)    Includes 16,401 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
        October 9, 2007.

(16)    Includes 26,023 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
        October 9, 2007. Includes 328,554 Accenture Ltd Class A common shares owned by the officer that have been pledged to secure any non−compete
        obligations owing to Accenture Ltd.

(17)     Includes 10,715 Accenture Ltd Class A common shares that could be acquired through the exercise of share options within 60 days from
         October 9, 2007. Includes 194,406 Accenture Ltd Class A common shares owned by the officer that have been pledged to secure any non−compete
         obligations owing to Accenture Ltd.
                                                             INDEPENDENT AUDITORS’ FEES
Independent Auditors’ Fees
   The following table describes fees for professional audit services rendered by KPMG LLP and its affiliates (“KPMG”), Accenture’s principal accountant,
for the audit of our annual financial statements for the years ended August 31, 2007 and August 31, 2006 and internal control over financial reporting, and
fees billed for other services rendered by KPMG during these periods.

Type of Fee                                                                                                                2007                 2006
                                                                                                                                 (in thousands)
Audit Fees(1)                                                                                                            $11,567              $12,297
Audit−Related Fees(2)                                                                                                        581                  399
Tax Fees(3)                                                                                                                    2                    0
All Other Fees(4)                                                                                                             26                   31

Total                                                                                                                    $12,176                 $12,727

(1)                                                                                        Audit Fees, including those for statutory audits, include the
                                                                                           aggregate fees recorded during the fiscal year indicated for
                                                                                           professional services rendered by KPMG for the audit of
                                                                                           Accenture Ltd’s and Accenture SCA’s annual financial
                                                                                           statements and review of financial statements included in
                                                                                           Accenture’s Forms 10−Q and Form 10−K. Audit Fees include
                                                                                           fees for the audit of Accenture’s internal control over financial
                                                                                           reporting.

(2)                                                                                        Audit−Related Fees include the aggregate fees recorded during
                                                                                           the fiscal year indicated for assurance and related services by
                                                                                           KPMG that are reasonably related to the performance of the
                                                                                           audit or review of Accenture Ltd’s and Accenture SCA’s
                                                                                           financial statements and not included in Audit

                                                                             9
                                                                                           Fees. Audit−Related Fees also include fees for accounting
                                                                                           advice and opinions related to various employee benefit plans,
                                                                                           and fees for internal control documentation assistance.

(3)                                                                                        Tax Fees include the aggregate fees recorded during the fiscal
                                                                                           year indicated for professional services rendered by KPMG for
                                                                                           tax compliance, tax advice and tax planning.

(4)                                                                                         All Other Fees include the aggregate fees recorded during the
                                                                                            fiscal year indicated for products and services provided by
                                                                                            KPMG, other than the services reported above, including due
                                                                                            diligence reviews.
Procedures For Audit Committee Pre−Approval of Audit and Permissible Non−Audit Services of Independent Auditor
   Pursuant to its charter, the Audit Committee of the Board of Directors of Accenture Ltd is responsible for reviewing and approving, in advance, any audit
and any permissible non−audit engagement or relationship between Accenture and its independent auditors. KPMG LLP’s engagement to conduct the audit
of Accenture SCA for fiscal year 2007 was approved by the Audit Committee on February 7, 2007. Additionally, each permissible audit and non−audit
engagement or relationship between Accenture and KPMG LLP entered into since September 1, 2005 has been reviewed and approved by the Audit
Committee, as provided in its charter.
                                                                     OTHER MATTERS
   The general partner is not aware of any matters not set forth herein that may come before the Annual General Meeting.
Dated: October 22, 2007
                                                                               10
                                                                                                                                                         Annex A
                                                              PROPOSED AMENDMENTS TO
                                                  ARTICLES OF ASSOCIATION OF ACCENTURE SCA
                                               Underlined text will be added and [bracketed text] will be deleted.
                     Numbered Paragraphs 8, 13, 21, 22, 23 and 24 of Article 8−Transfer Restrictions Applicable to Covered Shares
8. Notwithstanding paragraph 1, a Covered Person may Transfer Covered Shares beneficially owned by such Covered Person as of the IPO Date pursuant to
bona fide pledges of Covered Shares approved by the Supervisory Board, if any, or its delegate in writing and any foreclosures thereunder, provided that the
pledge has agreed in writing with the Supervisory Board, if any, or its delegate (any such agreement to be satisfactory to the Supervisory Board, if any, or its
delegate in its sole discretion) that the Company shall have a right of first refusal to purchase such Covered Shares at the market price prior to any sale of
such Covered Shares by such pledgee. In the event an external auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles
of Association, then such approval shall refer to the approval of the General Partner acting through a committee of at least three Limited Shareholders
appointed by the General Partner or the delegate of such committee.
13. All Covered Shares beneficially owned by a Covered Person (in each case other than Covered Shares held of record by a trustee in a compensation or
benefit plan administered by the Company and other Covered Shares that have been pledged to the Company (or to a third party agreed to in writing by the
Company) shall, at the sole discretion of the Company, be registered in the name of a nominee for such Covered Person and/or shall be held in the custody
of a custodian until otherwise determined by the Company or until such time as such Covered Shares are released pursuant to paragraph 17 or 18 of this
Article 8. The form of the custody agreement and the identity of the custodian and/or nominee shall be as determined by the Supervisory Board, if any, or its
delegate from time to time. In the event an external auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles of
Association, then such determination shall refer to the determination of the General Partner acting through a committee of at least three Limited
Shareholders appointed by the General Partner or the delegate of such committee.
21. The provisions of this Article 8 shall be binding upon the respective legatees, legal representatives, successors and assigns of the Covered Persons;
provided, however, that a Covered Person may not assign or otherwise transfer any of its obligations under such provisions without the prior written consent
of the Supervisory Board, if any, or its delegate and any assignment or other transfer of rights and/or obligations under this Article 8 by a Covered Person
without such consent of the Supervisory Board, if any, or its delegate shall be void. In the event an external auditor has been appointed instead of a
Supervisory Board under Article 17 of these Articles of Association, then such prior written consent shall refer to the prior written consent of the General
Partner acting through a committee of at least three Limited Shareholders appointed by the General Partner or the delegate of such committee.
22. If requested by the Supervisory Board or its delegate (or in the event an external auditor has been appointed instead of a Supervisory Board under
Article 17 of these Articles of Association, then if requested by the General Partner acting through a committee of at least three Limited Shareholders
appointed by the General Partner or the delegate of such committee), each Covered Person shall execute such documents and take such further action as
may be reasonably necessary to effect the provisions of this Article 8.
23. The Supervisory Board, if any, or its delegate may waive any of the provisions of this Article 8 to permit particular Covered Persons, a particular class
of Covered Persons or all Covered Persons to Transfer Covered Shares in particular situations (such as Transfers to family members, partnerships or trusts)
or generally. The Supervisory Board, if any, or its delegate may impose such conditions as the Supervisory Board, if any, or its delegate determines on the
granting of such waivers. The determinations of the Supervisory Board, if any, or its delegate under this paragraph 23 shall be final and binding and need
not to be uniform and may be made selectively among Covered Persons (whether or not such Covered Persons are similarly situated). In the event an
external auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles of Association, then the authority of the Supervisory
Board or its delegate under this paragraph 23 shall be vested
                                                                                 A−1
in the General Partner acting through a committee of at least three Limited Shareholders appointed by the General Partner or the delegate of such
committee.
24. For purposes of this Article 8, the following terms have the following meanings:
A “beneficial owner” of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship or
otherwise, has or shares: (i) voting power, which includes the power to vote, or to direct the voting of, such security and/or (ii) investment power, which
includes the power to dispose, or to direct the disposition of, such security, but for purposes of these Articles of Association a person shall not be deemed a
beneficial owner of Covered Shares (A) solely by virtue of the application of the United States Securities Exchange Act of 1934, as amended from time to
time (the “Exchange Act”) Rule 13d−3(d) or Exchange Act Rule 13d−5 as in effect on April 18, 2001, (B) solely by virtue of the possession of the legal
right to vote securities under applicable law (such as by proxy, power of attorney or appointment as corporate representative) or (C) held of record by a
“private foundation” subject to the requirements of Section 509 of the United States Internal Revenue Code of 1986, as amended from time to time, and the
applicable rulings and regulations thereunder (or equivalent in other jurisdictions as determined from time to time by the Supervisory Board or its delegate,
or in the event an external auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles of Association, then as determined
from time to time by the General Partner acting through a committee of at least three Limited Shareholders appointed by the General Partner or the delegate
of such committee). “Beneficially own” and “beneficial ownership” shall have correlative meanings. For purposes of the determination of beneficial
ownership only, the provisions of Article 8 shall not be deemed to transfer the investment power with respect to any Class I Common Shares.
“Covered Person” or “Covered Persons” shall mean those persons, other than the Company, who were Shareholders on the IPO Date; provided that any
Covered Person who was not also a party to that certain Common Agreement dated as of April 19, 2002 among the Company and the other parties thereto
on the date of adoption of this Article 8 shall not be subject to paragraph 12 of this Article 8.
“Company” means Accenture SCA, together, as the case may be and if the context so requires, with its Subsidiaries from time to time.
A Covered Person’s “Covered Shares” shall mean any Class I Common Shares beneficially owned by such Covered Person at the time in question.
“Covered Shares” shall also include the securities that are defined to be “Covered Shares” in paragraph 20 of this Article 8. A Covered Person “acquires”
Covered Shares when such Covered Person first acquires beneficial ownership over such Covered Shares.
The term “disabled” shall mean “disabled” as defined (i) in any employment agreement then in effect between the employee and the Company, or (ii) if not
defined therein, or if there shall be no such agreement, as defined in the Company’s long−term disability plan as in effect from time to time, or (iii) if there
shall be no plan, the inability of an employee to perform in all material respects his duties and responsibilities to the Company for a period of six
(6) consecutive months or for an aggregate of nine (9) months in any twenty−four (24) consecutive month period by reason of a physical or mental
incapacity. Any question as to the existence of a disability as to which the employee and the Company cannot agree shall be determined in writing by a
qualified independent physician mutually acceptable to the employee and the Company. If the employee and the Company cannot agree as to a qualified
independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such determinations in writing. The
determination of disability made in writing to the Company and the employee shall be final and conclusive for all purposes of this Article 8.
An “employee” shall include, without limitation, the owners and employees of partner personal service companies in certain countries with which the
Company has personal service contracts (in each case as agreed by the Supervisory Board or its delegate, or in the event an external auditor has been
appointed instead of a Supervisory Board under Article 17 of these Articles of Association, then as agreed by the General Partner acting through a
committee of at least three Limited Shareholders appointed by the General Partner or the delegate of such committee), and any other similarly situated
person designated as an “employee” by the Supervisory Board or its delegate (or in the event an external auditor has been appointed instead of a
Supervisory Board under Article 17 of these Articles of Association, then as designated by the General Partner acting through a committee of at least three
Limited Shareholders appointed by the General Partner or the delegate of such committee).
                                                                                A−2
“Employee Covered Person” shall mean a Covered Person that is an employee of the Company at the time in question, provided that if the Company has
received notice that any Covered Person intends to terminate such Covered Person’s employment with the Company (except in the case of notice with
respect to retirement or disability), such Covered Person shall be deemed not to be an Employee Covered Person.
“IPO Date” shall mean July 24, 2001, the date of completion of Accenture Ltd’s initial public offering.
“Non−Competition Agreement” shall mean, collectively, any Non−Competition Agreement, dated as of April 18, 2001, among the Company and the
partners from time to time party thereto as such agreement may be amended from time to time or any agreement having a similar effect.
“Permitted Basket Transaction” shall mean the purchase or sale of, or the establishment of a long or short position in, a basket or index of securities (or of a
derivative financial instrument with respect to a basket or index of securities) that includes securities of the Company, in each case if such purchase, sale or
establishment is permitted under the Company’s policy on hedging with respect to securities of the Company and other relevant policies, including insider
trading policies, as announced from time to time.
“Sole Beneficial Owner” shall mean a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered
Shares with any other person (other than pursuant to these Articles of Association, the Non−Competition Agreement or applicable community property
laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An
economic interest of the Company (or of any other person with respect to which the Company has expressly agreed to in writing) as pledgee shall be
disregarded for this purpose. A Covered Person that holds Covered Shares indirectly through a wholly−owned personal holding company shall be
considered the “Sole Beneficial Owner” of such Covered Shares, provided that such personal holding company is a Covered Person hereunder. In respect of
Covered Shares held a personal holding company or a trust structure, the share register shall refer both to the legal entity or trust, respectively, as the legal
owner and record owner of the Covered Shares and the beneficial owner(s) of the legal entity or trust, respectively.
“Subsidiary” shall mean any person in which Accenture SCA owns, directly or indirectly, at least a majority of the equity, economic or voting interest.
“Transfer” shall mean any sale, transfer, pledge, hypothecation, redemption or other disposition, whether direct or indirect, whether or not for value, and
shall include any disposition of the economic or other risks of ownership of Covered Shares, including short sales of securities of the Company, option
transactions (whether physical or cash settled) with respect to securities of the Company, use of equity or other derivative financial instruments relating to
securities of the Company and other hedging arrangements with respect to securities of the Company, in each such case other than Permitted Basket
Transaction.”
Article 12 — Convening notice
Shareholders’ meetings shall be convened by the General Partner or by the Supervisory Board, if any, pursuant to a notice setting forth the agenda and sent
by registered mail at least eight days prior to the meeting to each Shareholder at the Shareholder’s notice address on record or, failing which, its residence
address on record in the share register of the Company or by two publications in each of the Luxembourg press and in the Luxembourg Official Gazette
(Mémorial), whereby the first publication shall be made so that the second publication shall be made at least eight days prior to the meeting and with there
being at least an eight−day interval between the first and the second publications for the meeting.
If all the Shareholders are present or represented at a meeting of Shareholders, and if they state that they have been informed of the agenda of the meeting,
the meeting may be held without prior notice.
The General Partner may determine all reasonable conditions that must be fulfilled by Shareholders for them to participate in any meeting of Shareholders.
                                                                                A−3
Article 14 — Management
The Company shall be managed by the General Partner who shall be the liable partner (associé − gérant — commandité) and who shall be personally,
jointly and severally liable with the Company for all liabilities which cannot be met out of the assets of the Company.
The General Partner is vested with the broadest powers to perform all acts of administration and disposition in the Company’s interest which are not
expressly reserved by the Law or by these Articles of Association to the meeting of Shareholders or to the Supervisory Board, if any.
The General Partner shall have the sole authority to institute and direct court proceedings and to negotiate, settle and compromise disputes on behalf of the
Company and may delegate this authority to such persons or committees as it may designate[, provided the Supervisory Board shall have approved the
persons to whom the delegation by the General Partner of such authority is made].
The General Partner shall have the power on behalf and in the name of the Company to carry out any and all of the purposes of the Company and to perform
all acts and enter into and perform all contracts and other undertakings that it may deem necessary, advisable or useful or incidental thereto. Except as
otherwise expressly provided, the General Partner has, and shall have full authority in its discretion to exercise, on behalf of and in the name of the
Company, all rights and powers necessary or convenient to carry out the purposes of the Company.
Article 15 — Authorised signature
The Company shall be bound by the corporate signature of the General Partner as made by the individual or joint signatures of any other persons to whom
authority shall have been delegated by the General Partner as the General Partner shall determine in its discretion[, provided the Supervisory Board shall
have approved the persons to whom the delegation by the General Partner of such authority is made].
Article 17 — Supervisory Board/External Auditor
The affairs of the Company and its financial situation including particularly its books and accounts shall be supervised by a supervisory board composed of
at least three board members (herein referred to as the “Supervisory Board”). However, if instead of a Supervisory Board an external auditor (réviseur
d’entreprises) shall be proposed by the General Partner and appointed by a simple majority vote of the general meeting of Shareholders amongst the
members of the Institut des réviseurs d’entreprises for the duration of and in accordance with the terms of a service agreement to be entered from time to
time in order to audit the Company’s annual accounts in accordance with applicable Luxembourg law, no Supervisory Board shall be elected by the general
meeting of the Shareholders.
[The Supervisory Board shall be consulted by the General Partner on such matters as the General Partner may determine, and it shall authorise any actions
of the General Partner that may, pursuant to the Law or under these Articles of Association, exceed the powers of the General Partner.]
[The Supervisory Board shall approve those individuals put forth from time to time by the General Partner to exercise the General Partner’s powers with
respect to the management of the Company, and the General Partner shall act only through such individuals.]
The Supervisory Board, if any, shall be elected by a simple majority vote of the general meeting of Shareholders for a maximum term of six years, which
shall be renewable.
                                                                               A−4
The general meeting of Shareholders shall determine the remuneration, if any, of the Supervisory Board, if [any] a Supervisory Board is elected.
The Supervisory Board, if any, shall be convened by its chairman (as appointed by the Supervisory Board, if any, from the Board members) or by the
General Partner.
Written notice of any meeting of the Supervisory Board, if any, shall be given to all members of the Supervisory Board, if any, with at least eight days prior
notice, except in circumstances of emergency, in which case the nature of such circumstances shall be set forth in the notice of the meeting. This notice may
be waived by the consent in writing, whether in original or by cable, telegram, telefax or telex of each member. Separate notice shall not be required for
individual meetings held at times and places prescribed in a schedule previously adopted by resolution of the Supervisory Board, if any. If all the members
of the Supervisory Board, if any, are present or represented at a meeting of Supervisory Board, if any, and if they state that they have been informed of the
agenda of the meeting, the meeting may be held without prior notice.
Any member may act at any meeting of the Supervisory Board, if any, by appointing in writing, whether in original or by cable, telegram, telex, telefax or
other electronic transmission another member as his proxy.
The Supervisory Board, if any, can deliberate or act validly only if at least the majority of its members are present or represented. Resolutions shall be
approved if taken by a majority of the votes of the members present or represented at such meeting. Resolutions may also be taken in one or several written
instruments signed by all the members.
No member of the Supervisory Board, if any, shall be liable in respect of any negligence, default or breach of duty on his own part in relation to the
Company and each member of the Supervisory Board, if any, shall be indemnified out of the funds of the Company against all liabilities, losses, damages or
expenses arising out of the actual or purported execution or discharge of his duties or the exercise of his powers or otherwise in relation to or in connection
with his duties, powers or office; provided that this exemption from liability and indemnity shall not extend to any matter which would render them void
pursuant to Luxembourg law.
Article 24 — Definitions
The “Average Price Per Share” as of any day shall equal the average of the high and low sales prices of Accenture Ltd Class A Common Shares as reported
on the New York Stock Exchange (or if the Accenture Ltd Class A Common Shares are not listed or admitted to trading on the New York Stock Exchange,
on the American Stock Exchange, or if the Accenture Ltd Class A Common Shares are not listed or admitted to trading on the American Stock Exchange,
on the Nasdaq National Market, or if the Accenture Ltd Class A Common Shares are quoted on the Nasdaq National Market, on the over−the−counter
market as furnished by any nationally recognized New York Stock Exchange member firm selected by Accenture Ltd for such purpose), net of customary
brokerage and similar transaction costs as determined with respect to the Company and by the Company.
The “Market Price of an Accenture Ltd Class A Common Share” as of any day shall equal the Average Price Per Share as of such day, unless Accenture Ltd
sells (i.e. trade date) shares of its Class A Common Shares on such day for cash other than in a transaction with any employee or an affiliate and other than
pursuant to a preexisting obligation; in which case the “Market Price of an Accenture Ltd Class A Common Share” as of such day shall be the weighted
average sale price per share, net of brokerage and similar costs.
A “United States business day” shall mean a day other than a Saturday, Sunday or United States federal holiday and shall consist of the time period from
12:01 am through 12:00 midnight (Eastern time).
                                                                                A−5
A “United States trading day” shall mean a day on which Accenture Ltd Class A Common Shares are traded on the New York Stock Exchange or any other
exchange on which they may be listed from time to time.
The “Valuation Ratio” at any time shall equal 1.00, provided that the Valuation Ratio shall be subject to adjustment from time to time pursuant to the
following provisions of this Article 23. If at any time:
(i) Accenture Ltd acquires or otherwise holds more than a de miminis amount of assets other than:
      (a) its shareholding in the Company,

      (b)   any direct or indirect interest in its own shares (provided that such shares would not be treated as an asset of Accenture Ltd on a consolidated
            balance sheet of Accenture Ltd prepared in accordance with generally accepted accounting principles in the United States of America) or

      (c)   any assets that it holds only transiently prior to contributing or loaning such assets to the Company (provided that any such transiently held
            assets are so contributed or loaned prior to the end of the then current fiscal quarter of Accenture Ltd),
(ii) Accenture Ltd incurs or otherwise is liable for more than a de miminis amount of liabilities other than any liability for which it is the obligee under a
corresponding liability of the Company or
(iii) circumstances otherwise require,
then
(1) the General Partner shall promptly inform the Supervisory Board, if any, and those members of the Supervisory Board, if any, that are also Limited
      Shareholders (in such capacity, the “Limited Shareholders Committee”) of such fact,

(2)   the General Partner shall provide the Limited Shareholders Committee with such other information, including financial information or statements, as
      the Limited Shareholders Committee may reasonably require in connection with the determinations contemplated by the following clause (3) of this
      sentence and

(3)   each of the General Partner and the Limited Shareholders Committee shall use their best efforts to promptly:
      (x) determine whether an adjustment to the Valuation Ratio is required in order to reflect the relative fair market values of an Accenture Ltd
            Class A Common Share and a Class I Common Share and

      (y)     if such an adjustment is so required, determine a process for equitable adjustment of the Valuation Ratio (whether based on the financial
              statements of Accenture Ltd or otherwise and whether a process for a one−time adjustment or recurring adjustments).
If the General Partner and the Limited Shareholders Committee determine that an adjustment in the Valuation Ratio is so required and determine a process
for equitable adjustment of the Valuation Ratio, then the Valuation Ratio shall be adjusted by such process. If no agreement can be reached promptly (but in
any event within 45 days) between the General Partner and the Limited Shareholders Committee as to whether any such adjustment is so required or as to a
process for equitable adjustment, then the General Partner and the Limited Shareholders Committee shall choose an independent arbitrator (which may be a
leading international investment bank) who is a recognized expert in the field of company valuation to (x) determine whether an adjustment to the Valuation
Ratio is required in order to reflect the relative fair market values of an Accenture Ltd Class A Common Share and a Class I Common Share and (y) if such
an adjustment is so required, determine a process for equitable adjustment of the Valuation Ratio (whether based on the financial statements of Accenture
Ltd or otherwise and whether a process for a one−time adjustment or recurring adjustments). If the arbitrator determines that an adjustment in the Valuation
Ratio is so required and determines a process for equitable adjustment of the Valuation Ratio, then the Valuation Ratio shall be adjusted by such process.
Notwithstanding the foregoing, in the event an external auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles of
Association, then the Limited Shareholders Committee referred to herein shall refer to a committee of at least three Limited Shareholders appointed by the
General Partner.
                                                                                A−6
If Accenture Ltd:
(i)   pays a dividend or makes a distribution on its Accenture Ltd Class A Common Shares in Accenture Ltd Class A Common Shares,

(i)     subdivides its outstanding Accenture Ltd Class A Common Shares into a greater number of shares,

(iii)   combines its outstanding Accenture Ltd Class A Common Shares into a smaller number of shares,

(iv)    makes a distribution on its Accenture Ltd Class A Common Shares in shares of its share capital other than Accenture Ltd Class A Common Shares or

(iv) issues by reclassification of its Accenture Ltd Class A Common Shares any shares of its share capital,
then the Valuation Ratio in effect immediately prior to such action shall be adjusted so that the holder of Class I Common Shares thereafter redeemed may
receive the redemption price or number of shares of share capital of Accenture Ltd, as the case may be, which it would have owned immediately following
such action if it had redeemed immediately prior to such action (after taking into account any corresponding action taken by the Company).
In the event of any business combination, amalgamation, restructuring, recapitalization or other extraordinary transaction directly or indirectly involving
Accenture Ltd or any of its securities or assets as a result of which the holders of Accenture Ltd Class A Common Shares shall hold voting securities of an
entity other than Accenture Ltd, the terms “Accenture Ltd Class A Common Shares” and “Accenture Ltd” shall refer to such voting securities formerly
representing or distributed in respect of Accenture Ltd Class A Common Shares and such entity, respectively.
                                                                               A−7
                              EXHIBIT IV

ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED AUGUST 31, 2007,
      FILED BY ACCENTURE LTD WITH THE SEC ON OCTOBER 23, 2007
                                                UNITED STATES
                                    SECURITIES AND EXCHANGE COMMISSION
                                                             WASHINGTON, D.C. 20549




                                                                FORM 10−K
  (Mark One)

             ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                                               For the fiscal year ended August 31, 2007
                                                              OR
             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                                                 (I.R.S. Employer Identification No.)
                        incorporation or organization)
                                                                       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)

        Securities registered pursuant to Section 12(b) of the Act:

                                                                              Name
                                                                                of
                                                                              Each
Title                                                                       Exchange
 of                                                                            on
Each                                                                         Which
Class                                                                       Registered

  Class A common shares, par value $0.0000225 per share                                                    New York Stock Exchange



        Securities registered pursuant to Section 12(g) of the Act:
                                             Class X common shares, par value $0.0000225 per share
        Indicate by check mark if the registrant is a well−known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes                  No
       Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of
  1934. Yes       No
        Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
  Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and
  (2) has been subject to such filing requirements for the past 90 days. Yes        No
        Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S−K (§229.405 of this chapter) is not
  contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated
  by reference in Part III of this Form 10−K or any amendment to this Form 10−K.
        Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non−accelerated filer. See definition
  of “accelerated filer and large accelerated filer” in Rule 12b−2 of the Exchange Act. (Check one):
                                  Large accelerated filer       Accelerated filer         Non−accelerated filer
        Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b−2 of the Exchange Act.) Yes                    No
        The aggregate market value of the common equity of the registrant held by non−affiliates of the registrant on February 28, 2007 was
  approximately $21,225,759,608, based on the closing price of the registrant’s Class A common shares, par value $0.0000225 per share,
  reported on the New York Stock Exchange on such date of $35.78 per share and on the par value of the registrant’s Class X common shares,
  par value $0.0000225 per share.
        The number of shares of the registrant’s Class A common shares, par value $0.0000225 per share, outstanding as of October 15, 2007
  was 601,032,814 (which number does not include 37,111,706 issued shares held by subsidiaries of the registrant). The number of shares of
  the registrant’s Class X common shares, par value $0.0000225 per share, outstanding as of October 15, 2007 was 159,462,661.
                                               DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Proxy Statement for the 2008 Annual General Meeting of Shareholders   Part III
                                           TABLE OF CONTENTS

                                                                                                                   Page

Part I
    Item 1.    Business                                                                                              1
    Item 1A.   Risk Factors                                                                                         22
    Item 1B.   Unresolved Staff Comments                                                                            39
    Item 2.    Properties                                                                                           39
    Item 3.    Legal Proceedings                                                                                    40
    Item 4.    Submission of Matters to a Vote of Security Holders                                                  41
Part II
    Item 5.    Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity
               Securities                                                                                           43
    Item 6.    Selected Financial Data                                                                              46
    Item 7.    Management's Discussion and Analysis of Financial Condition and Results of Operations                47
    Item 7A.   Quantitative and Qualitative Disclosures about Market Risk                                           72
    Item 8.    Financial Statements and Supplementary Data                                                          73
    Item 9.    Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                 73
    Item 9A.   Controls and Procedures                                                                              73
    Item 9B.   Other Information                                                                                    74
Part III
    Item 10.   Directors, Executive Officers and Corporate Governance                                               75
    Item 11.   Executive Compensation                                                                               75
    Item 12.   Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters       75
    Item 13.   Certain Relationships and Related Transactions, and Director Independence                            76
    Item 14.   Principal Accounting Fees and Services                                                               76
Part IV
    Item 15.   Exhibits, Financial Statement Schedules                                                              76
Signatures
                                                     PART I
Disclosure Regarding Forward−Looking Statements
     This Annual Report on Form 10−K contains forward−looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”)
relating to our operations, results of operations and other matters that are based on our current expectations,
estimates, assumptions and projections. Words such as “may,” “will,” “should,” “likely,” “anticipates,”
“expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify
these forward−looking statements. These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Forward−looking statements are based upon
assumptions as to future events that might not prove to be accurate. Actual outcomes and results could differ
materially from what is expressed or forecast in these forward−looking statements. Risks, uncertainties and other
factors that might cause such differences, some of which could be material, include, but are not limited to, the
factors discussed below under the section entitled “Risk Factors.”
Available Information
     Our website address is www.accenture.com. We make available free of charge on the Investor Relations
section of our website (http://investor.accenture.com) our Annual Report on Form 10−K, Quarterly Reports on
Form 10−Q, Current Reports on Form 8−K and all amendments to those reports as soon as reasonably
practicable after such material is electronically filed or furnished with the Securities and Exchange Commission
(the “SEC”) pursuant to Section 13(a) or 15(d) of the Exchange Act. We also make available through our website
other reports filed with or furnished to the SEC under the Exchange Act, including our proxy statements and
reports filed by officers and directors under Section 16(a) of that Act, as well as our Code of Business Ethics. We
do not intend for information contained in our website to be part of this Annual Report on Form 10−K.
     Any materials we file with the SEC may be read and copied at the SEC’s Public Reference Room at
100 F Street, N.E., Washington, DC, 20549. Information on the operation of the Public Reference Room may be
obtained by calling the SEC at 1−800−SEC−0330. The SEC maintains an Internet site (http://www.sec.gov) that
contains reports, proxy and information statements, and other information regarding issuers that file
electronically with the SEC.
     In this Annual Report on Form 10−K, we use the terms “Accenture,” “we,” “our Company,” “our” and “us”
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.
ITEM 1. BUSINESS
Overview
    Accenture is one of the world’s leading management consulting, technology services and outsourcing
organizations, with approximately 170,000 employees; offices and operations in more than 150 cities in 49
countries; and revenues before reimbursements of $19.70 billion for fiscal 2007.
     Our “high performance business” strategy builds on our expertise in consulting, technology and outsourcing
to help clients perform at the highest levels so they can create sustainable value for their customers, stakeholders
and shareholders. We use our industry and business−process knowledge, our service offering expertise and our
insight into and deep understanding of emerging technologies to identify new business and technology trends and
formulate and implement solutions for clients under demanding time constraints. We help clients identify and
enter new markets, increase revenues in

                                                         1
existing markets, improve operational performance and deliver their products and services more effectively and
efficiently.
    We operate globally with one common brand and business model designed to enable us to provide clients
around the world with the same high level of service. Drawing on a combination of industry expertise, functional
capabilities, alliances, global resources and technology, we deliver competitively priced, high−value services that
help our clients measurably improve business performance. Our global delivery model enables us to provide a
complete end−to−end delivery capability by drawing on Accenture’s global resources to deliver high−quality,
cost−effective solutions to clients under demanding timeframes.
Consulting, Technology and Outsourcing Services and Solutions
     Our business is structured around five operating groups, which together comprise 17 industry groups serving
clients in major industries around the world. Our industry focus gives us an understanding of industry evolution,
business issues and applicable technologies, enabling us to deliver innovative solutions tailored to each client or,
as appropriate, more−standardized capabilities to multiple clients.
     Our three growth platforms—management consulting, systems integration and technology, and
outsourcing—are the innovation engines through which we develop our knowledge capital; build world−class
skills and capabilities; and create, acquire and manage key assets central to the development of solutions for our
clients. The subject matter experts within these areas work closely with the professionals in our operating groups
to develop and deliver solutions to clients.
     Client engagement teams—which typically consist of industry experts, capability specialists and
professionals with local market knowledge—leverage the full capabilities of our global delivery model to deliver
price−competitive solutions and services.
Operating Groups
     The following table shows the organization of our five operating groups and their 17 industry groups. For
financial reporting purposes, our operating groups are our reportable operating segments. We do not allocate total
assets by operating group, although our operating groups do manage and control certain assets. For certain
historical financial information regarding our operating groups (including certain asset information), as well as
financial information by geographical areas (including long−lived asset information), see Note 16 (Segment
Reporting) to our Consolidated Financial Statements below under “Financial Statements and Supplementary
Data.”

                                                 Operating Groups
Communications               Financial
& High Tech                  Services         Products                         Resources        Public Service

• Communications             • Banking        • Automotive                     • Chemicals      • Public Service
• Electronics &              • Capital        • Consumer Goods &               • Energy
 High Tech                   Markets          Services                         • Natural
• Media &                    • Insurance      • Health & Life                   Resources
  Entertainment                                Sciences                        • Utilities
                                              • Industrial Equipment
                                              • Retail
                                              • Transportation &
                                               Travel Services

                                                         2
  Communications & High Tech
     We are a leading provider of management consulting, technology, systems integration and outsourcing
services and solutions to the communications, electronics, high technology, media and entertainment industries.
Our Communications & High Tech professionals help clients enhance their business results through
industry−specific solutions and by seizing the opportunities made possible by the convergence of
communications, computing and content. Examples of our services and solutions include the application of
mobile technology, advanced communications network optimization, broadband and Internet protocol solutions,
product innovation and digital rights management as well as systems integration, customer care, supply chain and
workforce transformation services. In support of these services, we selectively pursue strategic acquisitions and
have developed an array of assets, repeatable solutions, methodologies and research facilities to demonstrate how
new technologies and industry−leading practices can be applied in new and innovative ways to enhance our
clients’ business performance. In fiscal 2007, our revenues before reimbursements from multiple contracts with a
single client in our Communications & High Tech operating group for the first time was greater than 10% in an
annual period, exceeding it by a few percentage points. Our Communications & High Tech operating group
comprises the following industry groups:
    •   Communications. Our Communications industry group serves many of the world’s leading wireline,
        wireless, cable and satellite communications network operators and service providers. We provide a wide
        range of services designed to help our communications clients increase margins, improve asset
        utilization, improve customer retention, increase revenues, reduce overall costs and accelerate sales
        cycles. We offer a suite of reusable solutions, called Accenture Communications Solutions, designed to
        address major business and operational issues related to broadband and Internet protocol−based networks
        and services, including business intelligence, billing transformation, customer contact transformation,
        sales force transformation, service fulfillment and next−generation network optimization. Our
        Communications industry group represented approximately 62% of our Communications & High Tech
        operating group’s revenues before reimbursements in fiscal 2007.

    •   Electronics & High Tech. Our Electronics & High Tech industry group serves the communications
        technology, consumer technology, enterprise technology, semiconductor, software and aerospace/defense
        segments. This industry group provides services in areas such as strategy, enterprise resource
        management, customer relationship management, supply chain management, software development,
        human performance, and merger/acquisition activities, including post−merger integration. We also offer
        a suite of reusable solutions, called Accenture High Tech Solutions, designed to address the industry’s
        major business and operational challenges, such as new product innovation and development, customer
        service and support, sales and marketing, and globalization. Our Electronics & High Tech industry group
        represented approximately 30% of our Communications & High Tech operating group’s revenues before
        reimbursements in fiscal 2007.

    •   Media & Entertainment. Our Media & Entertainment industry group serves the broadcast,
        entertainment (television, music and movie), print, publishing and portal industries. Professionals in this
        industry group provide a wide range of services, including digital content solutions designed to help
        companies effectively manage, distribute and protect content across numerous media channels. These
        include Accenture Digital Media Services, which provide a comprehensive solution set to leading content
        owners and distributors, helping them adapt their organizations’ business processes and systems to stay
        ahead of the demand for digital content and services.


                                                        3
  Financial Services
     Our Financial Services operating group focuses on the opportunities created by our clients’ needs to adapt to
changing market conditions, including increased cost pressures, industry consolidation, regulatory changes, the
creation of common industry standards and protocols, and the move to a more integrated industry model. We
help clients meet these challenges through a variety of assets, services and solutions, including consulting and
outsourcing strategies to increase cost efficiency and transform businesses, and customer relationship
management initiatives that enable them to acquire and retain profitable customers and improve their
cross−selling capabilities. Our Financial Services operating group comprises the following industry groups:
    •   Banking. Our Banking industry group works with retail and commercial banks and diversified financial
        enterprises. We help these organizations develop and execute strategies to target, acquire and retain
        customers more effectively, expand product and service offerings, comply with new regulatory
        initiatives, and leverage new technologies and distribution channels. Our Banking industry group
        represented approximately 56% of our Financial Services operating group’s revenues before
        reimbursements in fiscal 2007.

    •   Capital Markets. Our Capital Markets industry group helps investment banks, broker/dealers,
        asset−management firms, depositories, clearing organizations and exchanges improve operational
        efficiency and transform their businesses to increase competitiveness. For example, we help clients
        develop and implement innovative trading, asset−management and market−information−management
        systems and solutions.

    •   Insurance. Our Insurance industry group helps property and casualty insurers, life insurers, reinsurance
        firms and insurance brokers improve business processes, modernize their technologies and improve the
        quality and consistency of risk selection decisions. Our Insurance industry group offers a claims
        management capability that enables insurers to provide better customer service while optimizing claims
        costs, as well as industry−leading insurance policy administration technology solutions that enable
        insurers to bring products to market more quickly and reduce costs. We also provide a variety of
        outsourced solutions to help insurers improve working capital and cash flow, deliver permanent cost
        savings and enhance long−term growth.
  Products
    Our Products operating group comprises the following industry groups:
    •   Automotive. Our Automotive industry group works with auto manufacturers, suppliers, dealers, retailers
        and service providers. Professionals in this industry group help clients develop and implement innovative
        solutions focused on product development and commercialization, customer service and retention,
        channel strategy and management, branding, buyer−driven business models, cost reduction, customer
        relationship management and integrated supplier partnerships.

    •   Consumer Goods & Services. Our Consumer Goods & Services industry group serves food, beverage,
        household goods and personal care, tobacco and footwear/apparel manufacturers around the world. We
        add value to these companies through service offerings designed to enhance performance by addressing
        critical elements of success, including sales and marketing productivity, customer and consumer insight,
        working capital productivity improvement, supply chain collaboration, and overhead productivity
        improvement.


                                                        4
    •   Health & Life Sciences. Our Health & Life Sciences industry group works with healthcare providers,
        government health departments, policy−making authorities/regulators, managed care organizations,
        health insurers and pharmaceutical, biotechnology, medical products and other industry−related
        companies to improve the quality, accessibility and affordability of healthcare. Our key offerings include
        health clinical transformation, electronic health records and hospital back−office services in the
        provider/government segment; research and development transformation, commercial effectiveness and
        customer interaction, and integrated electronic compliance (manufacturing and supply chain) in the
        pharmaceuticals and medical products segment; and health information and data management, claims
        excellence/cost containment and health plan back−office services in the payor segment.

    •   Industrial Equipment. Our Industrial Equipment industry group serves the industrial and electrical
        equipment, construction, consumer durable and heavy equipment industries. We help our clients increase
        operating and supply chain efficiencies by improving processes and leveraging technology. We also help
        clients generate value from strategic mergers and acquisitions. In addition, our Industrial Equipment
        industry group develops and deploys innovative solutions in the areas of channel management,
        collaborative product design, remote field maintenance, enterprise application integration and
        outsourcing.

    •   Retail. Our Retail industry group serves a wide spectrum of retailers and distributors, including
        supermarkets, specialty premium retailers and large mass−merchandise discounters. We provide service
        offerings that help clients address new ways of reaching the retail trade and consumers through precision
        marketing; maximize brand synergies and cost reductions in mergers and acquisitions; improve supply
        chain efficiencies through collaborative commerce business models; and enhance the efficiency of
        internal operations.

    •   Transportation & Travel Services. Our Transportation & Travel Services industry group serves
        companies in the airline, freight transportation, third−party logistics, hospitality, gaming, car rental,
        passenger rail and travel distribution industries. We help clients develop and implement strategies and
        solutions to improve customer relationship management capabilities, operate more−efficient networks,
        integrate supply chains, develop procurement and electronic business marketplace strategies, and more
        effectively manage maintenance, repair and overhaul processes and expenses. Through our Navitaire
        subsidiary, we offer airlines a range of transaction−processing services on an outsourced basis, including
        distribution, Internet reservations, airport check−in, revenue management and accounting, crew
        scheduling and management, and disruption recovery.
  Resources
    Our Resources operating group serves the chemicals, energy, forest products, metals and mining, utilities
and related industries. With market conditions driving energy companies to seek new ways of creating value for
shareholders, deregulation fundamentally reforming the utilities industry and yielding cross−border
opportunities, and an intensive focus on productivity and portfolio management in the chemicals industry, we are
working with clients to create innovative solutions that are designed to help them differentiate themselves in the
marketplace and gain competitive advantage. Our Resources operating group comprises the following industry
groups:
    •   Chemicals. Our Chemicals industry group works with a wide cross−section of industry segments,
        including petrochemicals, specialty chemicals, polymers and plastics, gases and life science companies.
        We also have long−term outsourcing contracts with many industry leaders.


                                                        5
    •   Energy. Our Energy industry group serves a wide range of companies in the oil and gas industry,
        including upstream, downstream and oil services companies. Our key areas of focus include helping
        clients optimize production, manage the hydrocarbon supply chain, streamline retail operations and
        realize the full potential of third−party enterprise−wide technology solutions. In addition, our
        multi−client outsourcing centers enable clients to increase operational efficiencies and exploit
        cross−industry synergies. Our Energy industry group represented approximately 31% of our Resources
        operating group’s revenues before reimbursements in fiscal 2007.

    •   Natural Resources. Our Natural Resources industry group serves the forest products and metals and
        mining industries. We help lumber, pulp, papermaking, converting and packaging companies, as well as
        iron, steel, aluminum, coal, copper and precious metals companies, develop and implement new business
        strategies, redesign business processes, manage complex change initiatives, and integrate processes and
        technologies to achieve higher levels of performance.

    •   Utilities. Our Utilities industry group works with electric, gas and water utilities around the world to
        respond to an evolving and highly competitive marketplace. The group’s work includes helping utilities
        transform themselves from regulated, and sometimes state−owned, local entities to global deregulated
        corporations, as well as developing diverse products and service offerings to help our clients deliver
        higher levels of service to their customers. These offerings include customer relationship management,
        workforce enablement, supply chain optimization, and trading and risk management. We also provide a
        range of outsourced customer−care services to utilities and retail energy companies in North America.
        Our Utilities industry group represented approximately 40% of our Resources operating group’s revenues
        before reimbursements in fiscal 2007.
  Public Service
     Our Public Service operating group (known as our “Government” operating group prior to September 1,
2007) helps public−service entities around the world improve the social and economic conditions of their
citizens. The public−service marketplace is transforming, and traditional governmental entities are working
increasingly with the “third sector”—non−governmental organizations, community−based organizations,
educational institutions, charities and non−profit organizations—to deliver services and benefits to citizens.
     We typically work with defense, revenue, human services, health, postal, and justice and public−safety
authorities or agencies, and our clients are generally national, provincial or state−level government organizations,
as well as local or regional governments. We also work with multinational organizations. Our work with clients
in the U.S. Federal government represented approximately 33% of our Public Service operating group’s revenues
before reimbursements in fiscal 2007.
     Our offerings help public−sector clients address their most pressing needs, including developing fair and
equitable tax systems that help enhance revenues; ensuring the security of citizens and businesses; improving
service delivery; and increasing operational efficiency. We work with clients to transform their customer−facing
and back−office operations and enable services to be delivered through appropriate technologies that make
government more accessible, in a manner consistent with expectations established in the private sector.
     The Accenture Institute for Public Service Value is our research organization that helps our public−sector
clients assess the value they add to the sector in much the same way shareholder value models measure the value
of publicly traded entities. We have pioneered this work through our patent−
                                                         6
pending public service value model. The Institute also focuses on understanding the expectations, desires and
disappointments of citizens around the world in order to inform our solutions, and our clients, as public−service
transformations continue globally.
  Growth Platforms
     Our management consulting, systems integration and technology, and outsourcing growth platforms are the
skill−based “innovation engines” through which we develop our knowledge capital; build world−class skills and
capabilities; and create, acquire and manage key assets central to the development of solutions for our clients.
The professionals within these areas work closely with our operating groups to deliver integrated services and
solutions to clients.
  Management Consulting
     Our management consulting growth platform is responsible for the development and delivery of our
strategic, functional, industry and process consulting capabilities, working closely with the professionals in our
operating groups. The growth platform comprises five service lines:
    •   Customer Relationship Management. The professionals in our Customer Relationship Management
        (“CRM”) service line help companies acquire, develop and retain more profitable customer relationships.
        We offer a full range of innovative capabilities that address every aspect of CRM, including marketing,
        direct and indirect sales, customer service, field support and customer contact operations. These
        capabilities include rigorous approaches to improving the return on marketing investment, methods for
        building insight into customers’ purchase habits and service preferences, tailoring offers and service
        treatment based upon that insight, and unique methods of optimizing the quality, cost and revenue impact
        of sales and service operations. We use these skills to help our clients accelerate growth, improve
        marketing and sales productivity and reduce customer−care costs—thus increasing the value of their
        customer relationships and enhancing the economic value of their brands.

    •   Finance & Performance Management. The professionals in our Finance & Performance Management
        service line work with our clients’ finance and business unit executives to develop financial transaction
        processing, risk management and business performance reporting capabilities. Among the services we
        provide are strategic consulting on the design and structure of the finance function; the establishment of
        shared service centers; and the configuration of enterprise resource planning platforms for streamlining
        transaction processing. Our finance capability services also address revenue cycle management, billing,
        credit risk and collection effectiveness, electronic invoicing and settlement, tax processing, lending and
        debt recovery. Our performance management services address shareholder value targeting, scorecard and
        performance metrics development, performance reporting solutions and applied business analytics to
        improve profitability. Our professionals often utilize the resources of Accenture Finance Solutions, one
        of our business process outsourcing (“BPO”) businesses, and work with finance executives to develop
        and implement solutions that help them align their companies’ investments with their business objectives
        and establish security relating to the exchange of information to reporting institutions.

    •   Human Performance. The professionals in our Human Performance service line work with clients on a
        wide range of talent management, workforce and organizational issues to deliver improved business and
        operational results. Our integrated approach and end−to−end capabilities include services and solutions
        in organization and change management, human resources (“HR”) administration, learning, knowledge
        management, organizational performance management, talent management, HR information technology
        (“IT”) systems implementation and


                                                         7
        overall transformation of key workforces. Through our Human Performance service line, we help
        companies and governments improve the efficiency and effectiveness of their HR services while
        lowering associated costs; deliver improvements in employee and workforce performance; and transform
        organizations through project−, program− and enterprise−level change management.
    •   Strategy. Our Strategy professionals combine their strategy and operations experience to help our clients
        turn insights into results at both the enterprise and business−unit level. With deep skills and capabilities
        in corporate strategy, corporate restructuring, growth and innovation strategies, mergers and acquisitions,
        merger integration, organization strategy, pricing strategy and profitability assessment, we help clients
        develop—and execute—pragmatic solutions that transform organizations and drive sustained high
        performance.

    •   Supply Chain Management. The professionals in our Supply Chain Management service line work with
        clients across a broad range of industries to develop and implement supply chain and operations
        strategies that enable profitable growth in new and existing markets. Our professionals combine global
        industry expertise and skills in supply chain strategy, sourcing and procurement, supply chain planning,
        manufacturing and design, fulfillment and service management to help organizations achieve high
        performance. We work with clients to implement innovative consulting and outsourcing solutions that
        align operating models to support business strategies; optimize global operations; support profitable
        product launches; and enhance the skills and capabilities of the supply chain workforce.
  Systems Integration and Technology
    Our systems integration and technology growth platform comprises two service areas: systems integration
and technology consulting.
  Systems Integration
    Our key systems integration services include:
    •   Enterprise Solutions and Enterprise Resource Planning. We implement a variety of application
        software—including SAP and Oracle, among others—to streamline business processes, systems and
        information and help organizations access, manage and exploit data to make more−informed business
        decisions. Our skilled professionals provide planning, implementation and upgrade solutions across the
        primary application software product suites.

    •   Industry and Functional Solutions. Accenture provides clients with robust, large−scale industry and
        functional solutions based on proprietary reusable assets, aggregated into industry solutions, such as the
        Accenture Communications Solutions suite, the Accenture Revenue Solution suite for tax offices, as well
        as solutions for major industry−specific requirements.

    •   Service−Oriented Architecture. We help CIOs and business leaders use service−oriented architecture to
        enable improvement in IT efficiency and a more effective alignment between business processes and
        applications. Accenture guides organizations through a four−phased approach for designing and building
        flexible IT solutions that enable business process components to be assembled and used more efficiently
        to deliver distinctive business services and capabilities for higher performance.

    •   Complex Solution Architecture. With deep skills and expertise in both J2EE (Java−based) and .NET
        technology architectures, we work with clients to address gaps in the functionality provided by
        commercial packaged applications; address technical aspects of the business


                                                         8
 process that are unique to a client; and develop customized technical solutions for business processes for
 which no packaged solutions are available.
 •   Mobility Solutions. We help clients develop solutions that give their workforces access to key enterprise
     applications—including online trading and wealth management, supply chain management, telematics,
     radio frequency identification, field force enablement and customer relationship management—through
     mobile devices and/or the Internet. These solutions enable clients to improve efficiency, lower costs,
     enhance differentiation and ensure compliance.

 •   Microsoft Solutions. Together with our alliance partner Microsoft and our Avanade Inc. subsidiary, we
     develop and deliver cost−efficient, innovative business solutions based on Microsoft Windows Server
     and other .NET technologies, leveraging our deep industry expertise and practical applications of
     leading−edge technologies.
Technology Consulting
 Our key technology consulting services include:
 •   IT Strategy & Transformation. We help CEOs and CIOs link IT investments to business results and
     help manage those investments to ensure that planned business impact is achieved. We also help CIOs
     transform how IT works, both internally and with business partners, so that IT is “run like a business” to
     deliver high performance.

 •   Information Management Services. We provide services to help organizations manage the full range of
     their information needs to improve data quality, enhance decision−making capabilities and meet
     compliance requirements. This includes managing both structured data (business intelligence) and
     unstructured content (content management and portals), as well as developing information strategies and
     data architectures.

 •   Enterprise Architecture. We provide solutions that integrate IT with business capabilities to provide a
     seamless operating environment for organizations. Our solutions provide a reference point for measuring
     both IT investment and results, creating the delivery roadmap that defines how IT systems need to
     change to drive future business growth and higher performance.

 •   Infrastructure Consulting Services. We provide solutions to help organizations optimize their IT
     infrastructures while reducing costs. From data center, operations engineering and enterprise network
     design and implementation to desktop and security solutions, our services enable clients to rationalize,
     standardize, optimize, secure and transform their IT infrastructures for improved performance of
     mission−critical business processes, applications and end users.

 •   Research & Development. Through Accenture Technology Labs—our research and development
     organization—we use new and emerging technologies to develop business solutions that we believe will
     be the drivers of our clients’ growth and enable them to be first to market with unique capabilities. Key
     areas of research and development for clients include information insight, collaboration, biometrics,
     virtualized infrastructures, predictive maintenance, Web 2.0 and sensor technologies, among others.

 •   Microsoft Solutions. Together with our alliance partner Microsoft and our Avanade Inc. subsidiary, we
     design and provide cost−efficient, innovative business solutions based on Microsoft Windows Server and
     other .NET technologies, leveraging our deep industry expertise and practical applications of
     leading−edge technologies.

 •   E−Commerce Solutions. We provide clients with solutions that move more of their business and
     internal operations online to improve productivity, manage costs and drive revenue growth.


                                                      9
        We help clients incorporate next−generation e−Commerce technology—such as wikis, blogs,
        crowd−sourcing and mash−ups, among others—to create significant opportunities for collaboration and
        sharing with their employees, suppliers and customers.
  Outsourcing
    Accenture provides a wide range of outsourcing services, including business process outsourcing,
application outsourcing and infrastructure outsourcing.
    •   Business Process Outsourcing. We work with clients to develop and deliver business process
        innovations that transform their businesses and deliver higher levels of performance and results as well as
        lower costs. Through our BPO services, we manage specific business processes or functions for clients,
        providing solutions that are more efficient and cost−effective than if the functions were provided
        in−house. In addition to providing individual BPO services, we can bundle two or more business
        functions to provide clients with even greater efficiencies, control and cost savings.
        We offer clients across all industries a variety of function−specific BPO services, including finance and
        accounting, human resources, learning, procurement and customer contact. We also offer specialized
        services tailored to clients in specific industries. For instance, we offer life insurers policy administration
        and management services, including high−volume transaction processing capabilities. We provide
        utilities companies in North America and Europe with field services, as well as specialized customer
        care, finance and accounting, human resources, supply chain and IT services. We help market−leading
        health payers improve service performance in core operational functions, coupled with accompanying
        cost reductions. We provide services to medical organizations that improve and accelerate clinical
        development productivity. In addition, through our Navitaire subsidiary, we offer airlines a range of
        transaction−processing services, including distribution, Internet reservations, airport check−in, revenue
        management and accounting, crew scheduling and management, and disruption recovery.
    •   Application Outsourcing. Accenture takes a holistic approach to application outsourcing that goes
        beyond traditional cost−cutting measures, helping clients improve the total performance of application
        development and maintenance. We provide a wide array of application outsourcing services under
        flexible arrangements, managing custom or packaged software applications—including enterprise−wide
        applications such as SAP and Oracle—over their complete development and maintenance life−cycles.
        The scope of services ranges from standardized, discrete application outsourcing services, including
        application testing, application management of enterprise−wide software programs and capacity services,
        to large−scale application enhancement and development for individual or multiple applications, as well
        as application portfolio rationalization and consolidation. We can also take end−to−end responsibility for
        all of a client’s IT function, including infrastructure and operations, leveraging our shared services
        delivery groups and our application and infrastructure transformation consulting expertise to deliver
        significant gains in client productivity, providing services from a variety of locations, including
        lower−cost locations.
        By transferring to Accenture the responsibility for managing one or more of their applications, clients
        can leverage our assets, scale and global resources as well as our secure, global infrastructure delivery
        capabilities. This allows clients to maintain and control the overall performance of their IT capabilities
        while reducing the complexity and costs associated with managing third parties and increasing the
        flexibility, scalability, predictability and security of their IT infrastructures.

                                                          10
    •   Infrastructure Outsourcing. We deliver an integrated set of managed infrastructure services
        encompassing all infrastructure functions—from network access and desktop management to remote
        technology support. Services can be delivered as discrete, standalone solutions or bundled with
        Accenture application outsourcing and BPO services. Our infrastructure outsourcing services include:
        • IT spend management—Asset management, as well as managed procurement and technology spend, to
          reduce overall IT non−salary spending;
        • Data server and multi−function services—Hosting to support development and production
          environments, storage services, database management and messaging services;

        • Service desk—Single point of contact for support and online portal services to resolve frontline issues;

        • Security services—Identity management, intrusion and firewall protection, end−user device and
          messaging security, and policy and awareness;

        • Communications services—Data and voice network management, optimization and converged
          services; and

        • Workplace services—Lifecycle management for desktops, field services and mobile devices, and file
          and print services.
Global Delivery Model
     A key Accenture differentiator is our strategic global delivery model, which allows us to draw on the
benefits of using people and other resources from around the world—including scalable, standardized processes,
methods and tools; specialized business process and technology skills; cost advantages; foreign−language
fluency; proximity to clients; and time−zone advantages—to deliver high−quality solutions under demanding
time−frames. Emphasizing quality, reduced risk, speed to market and predictability, our global delivery model
enables us to provide clients with price−competitive services and solutions that drive higher levels of
performance.
    A critical component of this capability is our Global Delivery Network, which comprises local Accenture
professionals working at client sites around the world as well as more than 40 delivery centers—facilities where
teams of Accenture technology and business−process professionals use proven assets to create and deliver
business and technology solutions for clients. Our delivery centers improve the efficiency of our engagement
teams through the reuse of processes, solution designs, infrastructure and software and by leveraging the
experience of delivery center professionals.
     Professionals in our Global Delivery Network apply a systematic approach to delivering technology
consulting, systems integration, application outsourcing and business processing outsourcing solutions and
services delivery to create and capture proven, repeatable processes, methodologies, tools and architectures. For
example, we continue to evolve our Accenture Delivery Suite, which combines our common methods, tools,
architectures and metrics in support of our global delivery efforts. The Accenture Delivery Suite provides us with
a common language, framework and reusable assets that allow us to unite our global delivery capabilities into a
single, cohesive approach for our client service teams. The Accenture Delivery Suite enables us to start projects
quickly, deliver with high quality, and improve our ability to meet our clients’ expectations.
    Our ability to build seamless global teams—leveraging the right professionals with the right skills for each
task—enables Accenture to provide a complete end−to−end capability, with consistent Accenture processes
around the globe. Client teams leverage our Global Delivery Network to deliver

                                                        11
comprehensive, large−scale reusable and customized services and solutions in less time than would be required
for our clients to develop them independently.
     We continue to expand and enhance our Global Delivery Network, which we believe is a competitive
differentiator for us. In fiscal 2007 we further expanded our Global Delivery Network by, among other things,
increasing our activities in systems integration, application outsourcing, business process outsourcing and
technology consulting areas, opening new facilities and recruiting actively in key locations of our network,
including Eastern Europe, India, China and the Philippines. As of August 31, 2007, we had more than
71,000 people in our network globally, a net increase of approximately 23,000 people since the end of fiscal
2006.
Alliances
     We have sales and delivery alliances with companies whose capabilities complement our own, either by
enhancing a service offering, delivering a new technology or helping us extend our services to new geographies.
By combining our alliance partners’ products and services with our own capabilities and expertise, we create
innovative, high−value business solutions for our clients. Some alliances are specifically aligned with one of our
service lines, thereby adding skills, technology and insights that are applicable across many of the industries we
serve. Other alliances extend and enhance our offerings specific to a single industry group.
     Almost all of our alliances are non−exclusive. Although individual alliance agreements do not involve direct
payments to us that are material to our business, we generate significant revenues from services to implement our
alliance partners’ products.
Research and Innovation
    We are committed to developing leading−edge ideas, as we believe that both research and innovation have
been major factors in our success and will help us continue to grow in the future. We use our investment in
research and development—on which we spent $307 million, $298 million and $243 million in fiscal 2007, 2006
and 2005, respectively—to help create, commercialize and disseminate innovative business strategies and
technology.
     Our research and innovation program is designed to generate early insights into how knowledge can be
harnessed to create innovative business solutions for our clients and to develop business strategies with
significant value. A key component of this is our research and development organization, Accenture Technology
Labs, which identifies and develops new technologies that we believe will be the drivers of our clients’ growth
and enable them to be first to market with unique capabilities. We also promote the creation of knowledge capital
and thought leadership through the Accenture Institute for High Performance Business. In addition, we spend a
significant portion of our research and development resources directly through our operating groups and our
consulting, technology and outsourcing capabilities to develop market−ready solutions for our clients.
Employees
     Our most important asset is our people. The diverse and global makeup of our workforce enables us to serve
our diverse and global client base. We are deeply committed to the continued development of our employees,
who receive significant and focused technical, functional, industry, managerial and leadership skill development
and training appropriate for their roles and levels within our company throughout their careers with us. We seek
to reinforce our employees’ commitments to our clients, culture and values through a comprehensive
performance management system and a career philosophy that rewards both individual performance and
teamwork. We strive to maintain a work environment

                                                        12
that reinforces our owner−operator culture and the collaboration, motivation, alignment of interests and sense of
ownership and reward that this culture has fostered.
    As of August 31, 2007, we had approximately 170,000 employees worldwide.
Competition
    We operate in a highly competitive and rapidly changing global marketplace and compete with a variety of
organizations that offer services competitive with those we offer. We compete with a variety of companies with
respect to our offerings, including:
    •   Off−shore service providers in lower−cost locations, particularly Indian providers, that offer services
        similar to those we offer, often at highly competitive prices;

    •   Large multinational providers, including the service arms of large global technology providers, that offer
        some or all of the consulting, systems integration and technology, and outsourcing services that we do;

    •   Niche solution or service providers that compete with us in a specific geographic market, industry
        segment or service area, including companies that provide new or alternative products, services or
        delivery models; and

    •   Accounting firms that are expanding or re−emphasizing their provision of consulting services.
     In addition, a client may choose to use its own resources rather than engage an outside firm for the types of
services we provide.
   Our revenues are derived primarily from Fortune Global 500 and Fortune 1000 companies, medium−sized
companies, governments, government agencies and other large enterprises. We believe that the principal
competitive factors in the industries in which we compete include:
    •   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.
    Our clients typically retain us on a non−exclusive basis.
Intellectual Property
     Our success has resulted in part from our proprietary methodologies, software, reusable knowledge capital,
assets and other intellectual property rights. We rely upon a combination of nondisclosure and

                                                        13
other contractual arrangements as well as upon trade secret, copyright, patent and trademark laws to protect our
intellectual property rights and the rights of third parties from whom we license intellectual property. We have
promulgated policies related to confidentiality and ownership and to the use and protection of our intellectual
property and that owned by third parties, and we also enter into agreements with our employees as appropriate.
     We recognize the increasing value of intellectual property in the marketplace and vigorously create, harvest
and protect our intellectual property. As of August 31, 2007, we had 1,540 patent applications pending in the
United States and other jurisdictions and had been issued 279 U.S. patents and 171 non−U.S. patents in, among
others, the following areas: goal−based educational simulation; virtual call centers; hybrid telecommunications
networks; development architecture frameworks; emotion−based voice processing; mobile communications
networks; location−based information filtering; and computerized multimedia asset systems. We intend to
continue to vigorously identify, create, harvest and protect our intellectual property and to leverage our protected,
differentiated assets and methodologies to provide superior value to our clients.
Organizational Structure
    Accenture Ltd is a Bermuda holding company with no material assets other than Class II and Class III
common shares in its subsidiary, Accenture SCA, a Luxembourg partnership limited by shares (“Accenture
SCA”). Accenture Ltd’s only business is to hold these shares and to act as the sole general partner of Accenture
SCA. Accenture Ltd owns a majority voting interest in Accenture SCA. As the general partner of Accenture SCA
and as a result of Accenture Ltd’s majority voting interest in Accenture SCA, Accenture Ltd controls Accenture
SCA’s management and operations and consolidates Accenture SCA’s results in its financial statements.
Accenture operates its business through subsidiaries of Accenture SCA. Accenture SCA generally reimburses
Accenture Ltd for its expenses but does not pay Accenture Ltd any fees.
     Prior to our transition to a corporate structure in fiscal 2001, we operated as a series of related partnerships
and corporations under the control of our partners. In connection with our transition to a corporate structure, our
partners generally exchanged all of their interests in these partnerships and corporations for Accenture Ltd
Class A common shares or, in the case of partners in certain countries, Accenture SCA Class I common shares or
exchangeable shares issued by Accenture Canada Holdings Inc., an indirect subsidiary of Accenture SCA.
Generally, partners who received Accenture SCA Class I common shares or Accenture Canada Holdings Inc.
exchangeable shares also received a corresponding number of Accenture Ltd Class X common shares, which
entitle their holders to vote at Accenture Ltd shareholder meetings but do not carry any economic rights.
      In fiscal 2005, Accenture developed and announced a new, broader career model for its highest−level
executives that recognizes the diversity of roles and responsibilities demonstrated by these employees. This new
career framework replaced the internal use of the “partner” title with the more comprehensive “senior executive”
title and applies the “senior executive” title to more than 4,300 of our highest−level employees, including those
employees previously referred to as partners. However, for proper context, we continue to use the term “partner”
in this report to refer to these persons in certain situations related to our reorganization and the period prior to our
incorporation.
Accenture Ltd Class A Common Shares and Class X Common Shares
     Each Class A common share and each Class X common share of Accenture Ltd entitles its holder to one
vote on all matters submitted to a vote of shareholders of Accenture Ltd. A holder of a Class X common share is
not, however, entitled to receive dividends or to receive payments upon a liquidation of Accenture Ltd.

                                                          14
     Accenture Ltd may redeem, at its option, any Class X common share for a redemption price equal to the par
value of the Class X common share, or $0.0000225 per share. Accenture Ltd has separately agreed with the
original holders of Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable
shares not to redeem any Class X common share of such holder if the redemption would reduce the number of
Class X common shares held by that holder to a number that is less than the number of Accenture SCA Class I
common shares or Accenture Canada Holdings Inc. exchangeable shares owned by that holder, as the case may
be. Accenture Ltd will redeem Class X common shares upon the redemption or exchange of Accenture SCA
Class I common shares and Accenture Canada Holdings Inc. exchangeable shares so that the aggregate number
of Class X common shares outstanding at any time does not exceed the aggregate number of Accenture SCA
Class I common shares and Accenture Canada Holdings Inc. exchangeable shares outstanding. Class X common
shares are not transferable without the consent of Accenture Ltd.
Accenture SCA Class I Common Shares
     After June 28, 2005, only our current and former senior executives and their permitted transferees continue
to hold Accenture SCA Class I common shares. Each Class I common share entitles its holder to one vote on all
matters submitted to the shareholders of Accenture SCA and entitles its holder to dividends and liquidation
payments.
     Subject to the transfer restrictions in Accenture SCA’s Articles of Association described below, Accenture
SCA is obligated, at the option of the holder, to redeem any outstanding Accenture SCA Class I common share at
any time at a redemption price per share generally equal to its current market value as determined in accordance
with Accenture SCA’s Articles of Association. Under Accenture SCA’s Articles of Association, the market value
of a Class I common share that is not subject to transfer restrictions will be deemed to be equal to (i) the average
of the high and low sales prices of an Accenture Ltd Class A common share as reported on the New York Stock
Exchange (or on such other designated market on which the Class A common shares trade), net of customary
brokerage and similar transaction costs, or (ii) if Accenture Ltd sells its Class A common shares on the date that
the redemption price is determined (other than in a transaction with any employee or an affiliate or pursuant to a
preexisting obligation), the weighted average sales price of an Accenture Ltd Class A common share on the New
York Stock Exchange (or on such other market on which the Class A common shares primarily trade), net of
customary brokerage and similar transaction costs. See “—Restrictions on the Transfer of Certain Accenture
Shares—Articles of Association of Accenture SCA—Covered Person Transfer Restrictions” below for additional
information on these transfer restrictions. Accenture SCA may, at its option, pay this redemption price with cash
or by delivering Accenture Ltd Class A common shares on a one−for−one basis. This one−for−one redemption
price and exchange ratio will be adjusted if Accenture Ltd holds more than a de minimis amount of assets (other
than its interest in Accenture SCA and assets it holds only transiently prior to contributing them to Accenture
SCA) or incurs more than a de minimis amount of liabilities (other than liabilities for which Accenture SCA has a
corresponding liability to Accenture Ltd). We have been advised by our legal advisors in Luxembourg that there
is no relevant legal precedent in Luxembourg quantifying or defining the term “de minimis.” In the event that a
question arises in this regard, we expect that management will interpret “de minimis” in light of the facts and
circumstances existing at the time in question. At this time, Accenture Ltd does not intend to hold any material
assets other than its interest in Accenture SCA or to incur any material liabilities such that this one−for−one
redemption price and exchange ratio would require adjustment and will disclose any change in its intentions that
could affect this ratio. In order to maintain Accenture Ltd’s economic interest in Accenture SCA, Accenture Ltd
generally will acquire additional Accenture SCA common shares each time additional Accenture Ltd Class A
common shares are issued.

                                                        15
Accenture SCA Class II and Class III Common Shares
      On June 28, 2005, Accenture SCA’s shareholders approved certain amendments to the rights of Accenture
SCA Class II common shares held by Accenture Ltd, as well as the creation of a new class of common shares
known as “Class III common shares” into which all Class I common shares held by Accenture Ltd and its
affiliates were reclassified. Accenture SCA Class II common shares and Class III common shares may not be
held by any person other than the general partner of Accenture SCA and its subsidiaries. All Class I common
shares that are sold or otherwise transferred to Accenture Ltd or its subsidiaries will be automatically reclassified
into Class III common shares.
    The amendments to the Class II common shares, the creation of Class III common shares (and all lettered
sub−series of that class) and the reclassification of all Class I common shares held or to be held by Accenture Ltd
and its subsidiaries have no effect on the computation of Accenture Ltd’s earnings per share.
     Accenture SCA Class II common shares and Class III common shares (or any lettered sub−series of that
class) are not entitled to any cash dividends. If the Board of Directors of Accenture Ltd authorizes the payment of
a cash dividend on Accenture Ltd’s Class A common shares, Accenture Ltd, as general partner of Accenture
SCA, will cause Accenture SCA to redeem Class II common shares and Class III common shares that Accenture
Ltd holds to obtain cash needed to pay dividends on its Class A common shares. At any time that Accenture SCA
pays a cash dividend on its Class I common shares, new Class II common shares and Class III common shares
will be issued to the existing holders of Class II common shares and Class III common shares, in each case
having an aggregate value of the amount of any cash dividends that the holders of those Class II or Class III
common shares would have received had they ratably participated in the cash dividend paid on the Class I
common shares.
     Each Class II common share entitles its holder to receive a liquidation payment equal to 10% of any
liquidation payment to which a Class I common share entitles its holder. Each Accenture SCA Class III common
share entitles its holder to receive a liquidation payment equal to 100% of any liquidation payment to which an
Accenture SCA Class I common share entitles its holder.
Accenture Canada Holdings Inc. Exchangeable Shares
     Subject to the transfer restrictions contained in Accenture Ltd’s bye−laws described below, holders of
Accenture Canada Holdings Inc. exchangeable shares may exchange their shares for Accenture Ltd Class A
common shares at any time on a one−for−one basis. Accenture may, at its option, satisfy this exchange with cash
at a price per share generally equal to the market price of an Accenture Ltd Class A common share at the time of
the exchange. Each exchangeable share of Accenture Canada Holdings Inc. entitles its holder to receive
distributions equal to any distributions to which an Accenture Ltd Class A common share entitles its holder.
Restrictions on the Transfer of Certain Accenture Shares
  Accenture Ltd Bye−Laws
     Covered Person Transfer Restrictions. Accenture Ltd’s bye−laws contain transfer restrictions that apply to
certain Accenture current and former senior executives who hold Accenture Ltd Class A common shares. We
refer to these persons as “covered persons.” The Accenture Ltd shares covered by the transfer restrictions
generally include any Accenture Ltd Class A common shares beneficially owned by a senior executive at the
time in question and also as of or prior to the initial public offering of the Accenture Ltd Class A common shares
in July 2001. We refer to the shares covered by these transfer restrictions as “covered shares.”

                                                         16
          Current senior executives. Historically, the transfer restrictions applicable to covered shares lapsed
with the passage of time on an annual basis until July 24, 2009, but were subject to a requirement that covered
persons continue to maintain beneficial ownership of at least 25% of their covered shares as long as they remain
employed by Accenture, even after July 24, 2009. This was referred to as the “25% minimum holding
requirement.”
     Effective in July 2007, the Board of Directors of Accenture Ltd granted a waiver under the bye−laws that is
applicable to covered persons who are active Accenture employees. (The bye−laws of Accenture Ltd permit
certain waivers with respect to the transfer restrictions, as described below under “—Waivers and Adjustments.”)
This waiver eliminated the 25% minimum holding requirement, and permits covered shares that would otherwise
not have become free for transfer until the later of July 24, 2009 or the termination of the employee’s
employment with Accenture to become transferable on a phased−in schedule as described below.
     The effect of this waiver has been to accelerate the timeframe related to the previous transfer restrictions
applicable to covered persons who are active employees. The transfer restrictions are being released in equal
quarterly installments, with restrictions on one−ninth of the covered shares subject to the 25% minimum holding
requirement being released each quarter over a nine−quarter period which began in the fourth quarter of fiscal
2007. The rationale for the waiver was to decrease the large number of shares whose transfer restrictions would
otherwise lapse on July 24, 2009 or upon the termination of our senior executives’ employment and to remove an
incentive for senior executives to resign or retire from Accenture after July 24, 2009 in order to access shares that
would have been covered by the 25% minimum holding requirement absent this waiver. By lifting this restriction
in stages, on an accelerated basis, we have designed the waiver to limit the potential market impact of having a
large number of shares whose transfer restrictions lapse on a single date in July 2009.
     The following table shows the total number of covered shares of Accenture Ltd held by active employees
scheduled to be released from transfer restrictions each quarter pursuant to the remaining transfer restrictions.
This table reflects the adoption of the phased−in quarterly waiver described above starting in the fourth quarter of
fiscal 2007 and assumes that all covered persons who are active employees as of October 1, 2007 remain actively
employed by Accenture through June 1, 2009. (The actual number of additional covered shares that become
available for transfer as a result of the waiver will be reduced depending on the number of covered persons who
cease to be employed prior to June 1, 2009.)

                                                           Total number of Accenture Ltd Class A common
                                                              shares held by current employees that are
                                                   scheduled
                                                        to
                                                     become
                                                    available
                                                       for
                                                    transfer

              1st Quarter Fiscal 2008                                            2,200,691
              2nd Quarter Fiscal 2008                                            2,031,890
              3rd Quarter Fiscal 2008                                            2,031,890
              4th Quarter Fiscal 2008                                            8,347,809
              1st Quarter Fiscal 2009                                            2,031,890
              2nd Quarter Fiscal 2009                                            2,031,890
              3rd Quarter Fiscal 2009                                            2,031,890
              4th Quarter Fiscal 2009                                            2,033,719
          Former senior executives. The waiver described above did not affect the transfer restrictions that
continue to apply to retired and resigned covered persons. Accordingly, covered persons who are no

                                                         17
     longer employed by Accenture will continue to be able to transfer a percentage of the covered shares received by
     them on or prior to July 24, 2001 and owned by them as set forth in the following table:

              Cumulative percentage of shares
 permitted                                                  Years
    to                                                      after
    be                                                     July 24,
transferred                                                 2001

                               10%                                                         1 year
                               25%                                                         2 years
                               35%                                                         3 years
                               45%                                                         4 years
                               55%                                                         5 years
                               65%                                                         6 years
                               75%                                                         7 years
                              100%                                 The later of (a) 8 years or (b) end of employment by
                                                                                         Accenture
         •    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 remaining
                                                                                 transfer restricted shares
                                                          permitted
    Age                                                      to
     at                                                      be
retirement                                               transferred

                           56 or older                                                     100%
                               55                                                          87.5%
                               54                                                           75%
                               53                                                          62.5%
                               52                                                           50%
                               51                                                          37.5%
                               50                                                           25%
         •    In addition, a retired senior executive who reaches the age of 56 is permitted to transfer any covered
              shares he or she owns. Any remaining shares owned by retiring senior executives for which transfer
              restrictions are not released on an accelerated basis will be eligible to be transferred as if the retiring
              senior executive continued to be employed by Accenture.

         •    Covered persons who became disabled before our transition to a corporate structure are permitted to
              transfer all of their covered shares. Current and former senior executives who have become disabled
              since our transition to a corporate structure are subject to the general transfer restrictions applicable to
              employees or, if disabled after the age of 50, benefit from the accelerated lapses of transfer restrictions
              applicable to retired senior executives.
         All transfer restrictions applicable to a covered person under Accenture Ltd’s bye−laws terminate upon
     death.
          If Accenture approves in writing a covered person’s pledge of his covered shares to a lender, foreclosures by
     the lender on those shares, and any subsequent sales of those shares by the lender, are not restricted, provided
     that the lender give Accenture a right of first refusal to buy any shares at the market price before they are sold by
     the lender.
         Notwithstanding the transfer restrictions described in this summary, Accenture Ltd Class X common shares
     may not be transferred at any time, except upon the death of a holder of Class X common shares or with the
     consent of Accenture Ltd.

                                                                18
     Accenture Canada Holdings Inc. exchangeable shares held by covered persons are also subject to the transfer
restrictions in Accenture Ltd’s bye−laws.
     Term and Amendment. The transfer restrictions in Accenture Ltd’s bye−laws will not terminate unless they
have been previously waived or terminated under the terms of the bye−laws. Amendment of the transfer
restrictions in Accenture Ltd’s bye−laws requires the approval of the Board of Directors of Accenture Ltd and a
majority vote of Accenture Ltd’s shareholders.
    Waivers and Adjustments. The transfer restrictions and the other provisions of Accenture Ltd’s bye−laws
may be waived at any time by the Board of Directors of Accenture Ltd or its designees to permit covered persons
to:
    •   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).
     Subject to the foregoing, from time to time, pursuant to the provisions of Accenture Ltd’s bye−laws, the
Board of Directors of Accenture Ltd or its designees may also approve limited relief from the existing share
transfer restrictions for specified senior executives or groups of senior executives in connection with particular
retirement, employment and severance arrangements that are determined to be in the best interests of the
Company.
    Administration and Resolution of Disputes. The terms and provisions of Accenture Ltd’s bye−laws are
administered by the Board of Directors of Accenture Ltd. The Board of Directors of Accenture Ltd or its
designees have the sole power to enforce the provisions of the bye−laws.
Articles of Association of Accenture SCA
     General. Except in the case of a redemption of Class I common shares or a transfer of Class I common
shares to Accenture Ltd or one of its subsidiaries, Accenture SCA’s Articles of Association provide that
Accenture SCA Class I common shares may be transferred only with the consent of Accenture Ltd, as the general
partner of Accenture SCA.
     Covered Person Transfer Restrictions. In addition, Accenture SCA’s Articles of Association contain
transfer restrictions that apply to certain Accenture current and former senior executives who hold Accenture
SCA Class I common shares and are parties to the Accenture SCA transfer rights agreement, including
redemptions by Accenture SCA and purchases by subsidiaries of Accenture Ltd. We refer to these persons as
“covered persons.” The shares covered by these transfer restrictions generally include all Class I common shares
owned by a covered person. We refer to the shares covered by these transfer restrictions as “covered shares.”
          Current senior executives. Historically, the transfer restrictions applicable to covered shares lapsed
with the passage of time on an annual basis until July 24, 2009, but were subject to a requirement that covered
persons continue to maintain beneficial ownership of at least 25% of their covered shares as long as they remain
employed by Accenture, even after July 24, 2009. This was referred to as the “25% minimum holding
requirement.”
    Effective in July 2007, the supervisory board of Accenture SCA, which consists of at least three members,
each elected by a simple majority vote of each general meeting of shareholders of Accenture

                                                         19
SCA, granted a waiver under the Articles of Association that is applicable to covered persons who are active
Accenture employees. (The Articles of Association of Accenture SCA permit certain waivers with respect to the
transfer restrictions, as described below under “—Waivers and Adjustments.”) This waiver eliminated the 25%
minimum holding requirement and permits covered shares that would otherwise not have become free for
transfer until the later of July 24, 2009 or the termination of the employee’s employment with Accenture to
become transferable on a phased−in schedule as described below.
     The effect of this waiver has been to accelerate the timeframe related to the previous transfer restrictions
applicable to covered persons who are active employees. The transfer restrictions are being released in equal
quarterly installments, with restrictions on one−ninth of the covered shares subject to the 25% minimum holding
requirement being released each quarter over a nine−quarter period which began in the fourth quarter of fiscal
2007. The rationale for the waiver was to decrease the large number of shares whose transfer restrictions would
otherwise lapse on July 24, 2009 or upon the termination of our senior executives’ employment and to remove an
incentive for senior executives to resign or retire from Accenture after July 24, 2009 in order to access shares that
would have been covered by the 25% minimum holding requirement absent this waiver. By lifting this restriction
in stages, on an accelerated basis, we have designed the waiver to limit the potential market impact of having a
large number of shares whose transfer restrictions lapse on a single date in July 2009.
     The following table shows the total number of covered shares of Accenture SCA held by active employees
scheduled to be released from transfer restrictions each quarter pursuant to the remaining transfer restrictions.
This table reflects the adoption of the phased−in quarterly waiver described above starting in the fourth quarter of
fiscal 2007 and assumes that all covered persons who are active employees as of October 1, 2007 remain actively
employed by Accenture through June 1, 2009. (The actual number of additional covered shares that become
available for transfer as a result of the waiver will be reduced depending on the number of covered persons who
cease to be employed prior to June 1, 2009.)

                                                                       Total number of Accenture SCA
                                                                        Class I common shares held by
                                                                          current employees that are
                                                                        scheduled to become available
                                                           for
                                                        transfer

                 1st Quarter Fiscal 2008                                           5,730,171
                 2nd Quarter Fiscal 2008                                           5,148,004
                 3rd Quarter Fiscal 2008                                           5,148,004
                 4th Quarter Fiscal 2008                                           20,504,921
                 1st Quarter Fiscal 2009                                           5,148,004
                 2nd Quarter Fiscal 2009                                            5,148,004
                 3rd Quarter Fiscal 2009                                            5,148,004
                 4th Quarter Fiscal 2009                                            5,152,637
          Former senior executives. The waiver described above did not affect the transfer restrictions that
continue to apply to retired and resigned covered persons. Accordingly, covered persons who are no longer
employed by Accenture will continue to be able to transfer a percentage of the covered shares received by them
on or prior to July 24, 2001 and owned by them commencing on July 24, 2002 as set

                                                         20
     forth in the following table. Since these covered persons are no longer employed by Accenture, their ability to
     complete the transfer of 100% of their covered shares is effective on July 24, 2009:

       Cumulative percentage of shares
 permitted                              Years
    to                                  after
    be                                 July 24,
transferred                             2001

                      35%                                                        3 years
                      45%                                                        4 years
                      55%                                                        5 years
                      65%                                                        6 years
                      75%                                                        7 years
                     100%                                  The later of (a) 8 years or (b) end of employment
                                                                              by Accenture
         •   Covered persons retiring at the age of 50 or above or who become disabled are granted accelerations of
             these provisions on terms identical to those applicable to Accenture Ltd Class A common shares held by
             covered persons and described under “—Accenture Ltd Bye−Laws—Covered Person Transfer
             Restrictions” above.
         All transfer restrictions applicable to a covered person under Accenture SCA’s Articles of Association
     terminate upon death.
          If Accenture SCA approves in writing a covered person’s pledge of his covered shares to a lender,
     foreclosures by the lender on those shares, and any subsequent sales of those shares by the lender, are not
     restricted, provided that the lender give Accenture SCA a right of first refusal to buy any shares at the market
     price before they are sold by the lender.
          Term and Amendment. The transfer restrictions contained in Accenture SCA’s Articles of Association will
     not terminate unless they have been previously waived or terminated under the terms of the Articles of
     Association. Amendment of the transfer restrictions in Accenture SCA’s Articles of Association requires the
     consent of Accenture SCA’s general partner and approval at a general meeting of shareholders.
         Waivers and Adjustments. The transfer restrictions and the other provisions of Accenture SCA’s Articles of
     Association may be waived at any time by the supervisory board of Accenture SCA or its designees to permit
     covered persons to:
         •   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).
          Subject to the foregoing, from time to time, pursuant to the provisions of Accenture SCA’s Articles of
     Association, the supervisory board of Accenture SCA or its designees may also approve limited relief from the
     existing share transfer restrictions for specified senior executives or groups of senior executives in connection
     with particular retirement, employment and severance arrangements that are determined to be in the best interests
     of the Company.
         Other Restrictions. In addition to the foregoing, all holders of Class I common shares are precluded from
     having their shares redeemed by Accenture SCA or transferred to Accenture SCA, Accenture Ltd or a subsidiary
     of Accenture Ltd at any time or during any period when Accenture SCA determines, based on the advice of
     counsel, that there is material non−public information that may

                                                              21
affect the average price per share of Accenture Ltd Class A common shares, if the redemption would be
prohibited by applicable law, during an underwritten offering due to an underwriters lock−up or during the
period from the announcement of a tender offer by Accenture SCA or its affiliates for Accenture SCA Class I
common shares until the expiration of ten business days after the termination of the tender offer (other than to
tender the holder’s Accenture SCA Class I common shares in the tender offer).
    Administration and Resolution of Disputes. The terms and provisions of Accenture SCA’s Articles of
Association are administered by the supervisory board of Accenture SCA.
Senior Executive Ownership Requirements
    To ensure that senior executives continue to maintain equity ownership levels that Accenture considers
meaningful, we require current senior executives to comply with the Accenture Senior Executive Equity
Ownership Policy. This policy requires senior executives to own Accenture equity valued at a multiple (ranging
from 1 to 6) of their base compensation determined by their position level. This policy remains in place
notwithstanding the waiver of the 25% minimum holding requirement described above.
Senior Executive Trading Policy
     In July 2005, we implemented a Senior Executive Trading Policy applicable to our senior executives that
provides, among other things, that covered shares held by actively employed senior executives will be subject to
company−imposed quarterly trading guidelines. We set allocation limits of unrestricted covered shares based on
a composite average weekly volume of trading in Accenture Ltd Class A common shares. These guidelines allow
us to manage the total number of shares redeemed, sold or otherwise transferred by our senior executives in any
calendar quarter. The policy guidelines, which can be adjusted by management, are not legal or contractual
restrictions, however, and there is a risk that the internal sanctions available to us might not adequately dissuade
individual employees from attempting transfers in excess of the amounts permitted under the policy. The Senior
Executive Trading Policy also prohibits senior executives from trading in any Accenture equity during any
company−designated black−out period.
ITEM 1A.      RISK FACTORS
     In addition to the other information set forth in this report, you should carefully consider the following
factors which could materially affect our business, financial condition or future results. The risks described
below are not the only risks facing us.
   Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also
may materially adversely affect our business, financial condition and/or operating results.
Risks That Relate to Our Business
    Our results of operations could be negatively affected if we cannot expand and develop our services and
    solutions in response to changes in technology and client demand.
     Our success depends on our ability to develop and implement consulting, systems integration and
technology, and outsourcing services and solutions that anticipate and respond to rapid and continuing changes in
technology, industry developments and client needs. We may not be successful in anticipating or responding to
these developments on a timely basis, and our offerings may not be successful in the marketplace. Also, services,
solutions and technologies offered by current or future

                                                         22
competitors may make our service or solution offerings uncompetitive or obsolete. Any one of these
circumstances could have a material adverse effect on our ability to obtain and successfully deliver client work.
    The consulting, systems integration and technology, and outsourcing markets are highly competitive, and
    we might not be able to compete effectively.
   The consulting, systems integration and technology, and outsourcing markets are highly competitive. We
compete with a variety of companies with respect to our offerings, including:
    •   Off−shore service providers in lower−cost locations, particularly Indian providers, that offer services
        similar to those we offer, often at highly competitive prices;

    •   Large multinational providers, including the service arms of large global technology providers, that offer
        some or all of the consulting, systems integration and technology, and outsourcing services that we do;

    •   Niche solution or service providers that compete with us in a specific geographic market, industry
        segment or service area, including companies that provide new or alternative products, services or
        delivery models; and

    •   Accounting firms that are expanding or re−emphasizing their provision of consulting services.
     In addition, a client may choose to use its own resources rather than engage an outside firm for the types of
services we provide.
     Some of our competitors may have greater financial, marketing or other resources than we do and, therefore,
may be better able to compete for new work and skilled professionals. Additionally, some of our competitors,
particularly those located in regions with lower costs of doing business, may be able to provide services and
solutions at lower cost or on more favorable terms than we can, particularly in the outsourcing and systems
integration markets. There is a risk that increased competition could put downward pressure on the prices we can
charge for our services and on our operating margins. Similarly, if our competitors develop and implement
methodologies that yield greater efficiency and productivity, they may be able to offer services similar to ours at
lower prices without adversely affecting their profit margins. Even if we have potential offerings that address
marketplace or client needs, our competitors may be more successful at selling similar services they offer,
including to companies that are Accenture clients. If we are unable to provide our clients with superior services
and solutions at competitive prices, our results of operations may suffer.
     In addition, we may face greater competition from companies that have increased in size or scope as the
result of strategic mergers. These mergers may include consolidation activity among hardware manufacturers,
software developers and vendors, and service providers. This vertical integration may result in greater
convergence among previously separate technology functions or reduced access to products, and may adversely
affect our competitive position.
    Our results of operations could be affected by economic and political conditions and the effects of these
    conditions on our clients’ businesses and levels of business activity.
     Global economic and political conditions affect our clients’ businesses and the markets they serve. A
significant or prolonged economic downturn or a negative or uncertain political climate could adversely affect
our clients’ financial condition and the levels of business activity of our clients and the industries we serve. This
may reduce our clients’ demand for our services or depress pricing of those services and have a material adverse
effect on our results of operations. Changes in global economic conditions could also shift demand to services for
which we do not have competitive

                                                         23
advantages, and this could negatively affect the amount of business that we are able to obtain. In addition, if we
are unable to successfully anticipate changing economic and political conditions, we may be unable to effectively
plan for and respond to those changes, and our business could be negatively affected.
    Our work with government clients exposes us to additional risks inherent in the government contracting
    environment.
     Our clients include national, provincial, state and local governmental entities. Our government work carries
various risks inherent in the government contracting process. These risks include, but are not limited to, the
following:
    •   Government entities typically fund projects through appropriated monies. While these projects are often
        planned and executed as multi−year projects, the government entities usually reserve the right to change
        the scope of or terminate these projects for lack of approved funding and at their convenience. Changes
        in government or political developments could result in our projects being reduced in scope or terminated
        altogether.

    •   Government entities often reserve the right to audit our contract costs, including allocated indirect costs,
        and conduct inquiries and investigations of our business practices with respect to our government
        contracts. If the client finds that the costs are not reimbursable, then we will not be allowed to bill for
        them, or the cost must be refunded to the client if it has already been paid to us. Findings from an audit
        also may result in our being required to prospectively adjust previously agreed rates for our work and
        may affect our future margins.

    •   If a government client discovers improper or illegal activities in the course of audits or investigations, we
        may become subject to various civil and criminal penalties and administrative sanctions, which may
        include termination of contracts, forfeiture of profits, suspension of payments, fines and suspensions or
        debarment from doing business with other agencies of that government. The inherent limitations of
        internal controls may not prevent or detect all improper or illegal activities, regardless of their adequacy.
        Additionally, an allegation of improper activity, even if not proven, could result in adverse publicity and
        damage to our reputation and business.

    •   Government contracts, and the proceedings surrounding them, are often subject to more extensive
        scrutiny and publicity than contracts with commercial clients. Negative publicity related to our
        government contracts, regardless of its accuracy, may further damage our business by affecting our
        ability to compete for new contracts.

    •   Political and economic factors such as pending elections, the outcome of recent elections, changes in
        leadership among key executive or legislative decision makers, revisions to governmental tax policies
        and reduced tax revenues can affect the number and terms of new government contracts signed.

    •   Terms and conditions of government contracts tend to be more onerous and are often more difficult to
        negotiate than those for commercial contracts.
     The occurrences or conditions described above could affect not only our business with the particular
government agency involved, but also our business with other agencies of the same or other governmental
entities. Additionally, because of their visibility and political nature, government projects may present a
heightened risk to our reputation. Either of these could have a material adverse effect on our business or our
results of operations.

                                                         24
    Our business could be adversely affected if our clients are not satisfied with our services.
     Our business model depends in large part on our ability to attract new work from our base of existing clients,
at times on a sole source basis. Our business model also depends on relationships our senior executives develop
with our clients so that we can understand our clients’ needs and deliver solutions and services that are tailored to
those needs. If a client is not satisfied with the quality of work performed by us or a subcontractor, or with the
type of services or solutions delivered, then we could incur additional costs to address the situation, the
profitability of that work might be impaired, and the client’s dissatisfaction with our services could damage our
ability to obtain additional work from that client. In particular, clients that are not satisfied might seek to
terminate existing contracts prior to their scheduled expiration date and could direct future business to our
competitors. In addition, negative publicity related to our client relationships, regardless of its accuracy, may
further damage our business by affecting our ability to compete for new contracts with current and prospective
clients.
    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.
     Large and complex arrangements often require that we utilize subcontractors or that our services and
solutions incorporate or coordinate with the software, systems or infrastructure requirements of other vendors
and service providers. Our ability to serve our clients and deliver and implement our solutions in a timely manner
depends on the ability of these subcontractors, vendors and service providers to meet their project obligations in a
timely manner. The quality of our services and solutions could suffer if our subcontractors or the third parties
with whom we partner do not deliver their products and services in accordance with project requirements. In
addition, certain work requires the use of unique and complex structures and alliances. Some of these structures
require us to assume responsibility to the client for the performance of third parties whom we do not control. (For
a discussion of our indemnification obligations under our client agreements, see “Management’s Discussion and
Analysis of Financial Condition and Results of Operations—Off−Balance Sheet Arrangements.”) If our
subcontractors or these third parties fail to deliver their contributions on time or at all, if their contributions do
not meet project requirements, or if we are unable to obtain reimbursement for liabilities of third parties that we
have assumed, our ability to perform could be adversely affected and we might be subject to additional liabilities,
which could have a material adverse effect on our business, revenues, profitability or cash flow.
    Our results of operations could be adversely affected if our clients terminate their contracts with us on
    short notice.
     Our clients typically retain us on a non−exclusive, project−by−project basis. Although we do not centrally
track the termination provisions of our contracts, we estimate that the majority of our contracts can be terminated
by our clients with short notice. Many of our consulting contracts are less than 12 months in duration, and these
shorter−duration contracts typically permit a client to terminate the agreement with as little as 30 days notice and
without significant penalty. Longer−term, larger and more complex contracts, such as the majority of our
outsourcing contracts, generally require a longer notice period for termination and often include an early
termination charge to be paid to us, but this charge might not be sufficient to cover our costs or make up for
anticipated profits lost upon termination of the contract. Additionally, large client projects often involve multiple
contracts or stages, and a client could choose not to retain us for additional stages of a project, try to renegotiate
the terms of its contract or cancel or delay additional planned work.

                                                         25
    Terminations, cancellations or delays could result from factors that are beyond our control and unrelated to
our work product or the progress of the project, including the business or financial conditions of the client,
changes in ownership or management at our clients, changes in client strategies or the economy or markets
generally. When contracts are terminated, we lose the anticipated revenues and might not be able to eliminate
associated costs in a timely manner. Consequently, our profit margins in subsequent periods could be lower than
expected.
    Outsourcing services are a significant part of our business and subject us to operational and financial
    risk.
     We earned approximately 40% of our revenues before reimbursements in fiscal 2007 from our outsourcing
services. This portion of our business presents potential operational and financial risks that are different from
those of our consulting, technology and systems integration services. In many cases, we take over the operation
of certain portions of our clients’ businesses, and client personnel and contracts are sometimes transferred to us.
In some cases, this could mean that we assume responsibility for portions of our clients’ personnel, staffing,
overhead and similar needs but might not have full ability to control the work and efforts of client personnel or
their subcontractors. In addition, we could incur liability for failure to comply with laws or regulations related to
the portions of our clients’ businesses that are transferred to us.
      This type of work also presents financial risks to us. Outsourcing contracts typically have longer terms than
consulting contracts and generally have lower gross margins than consulting contracts, particularly during the
first year of the contract. This could exert downward pressure on our overall gross margins, particularly during
the early stages of new outsourcing contracts, which might not be offset by improved performance on contracts
in our portfolio that we have been operating for a longer time. In addition, we have experienced a trend toward
outsourcing agreements that are of shorter duration and therefore of smaller initial total contract value than they
have been in the past. Furthermore, we face considerable competition for outsourcing work and our clients are
increasingly using intensive contracting processes and aggressive contracting techniques, sometimes assisted by
third−party advisors.
    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 business depends in part upon continued growth in the use of technology in business by our clients and
prospective clients and their customers and suppliers. In challenging economic environments, our clients may
reduce or defer their spending on new technologies in order to focus on other priorities. At the same time, many
companies have already invested substantial resources in their current means of conducting commerce and
exchanging information, and they may be reluctant or slow to adopt new approaches that could disrupt existing
personnel, processes and infrastructures. If the growth of use of technology in business or our clients’ spending
on technology in business declines or if we cannot convince our clients or potential clients to embrace new
technology solutions, our results of operations could be adversely affected.
    Our profitability could suffer if we are not able to maintain favorable pricing rates.
     Our profit margin, and therefore our profitability, is dependent on the rates we are able to charge for our
services. If we are not able to maintain favorable pricing for our services, our profit margin and our profitability
could suffer. The rates we are able to charge for our services are affected by a number of factors, including:
    •   our clients’ perceptions of our ability to add value through our services;


                                                         26
    •   competition;

    •   introduction of new services or products by us or our competitors;

    •   our competitors’ pricing policies;

    •   our ability to charge higher prices where market demand or the value of our services justifies it;

    •   our ability to accurately estimate, attain and sustain contract revenues, margins and cash flows over long
        contract periods;

    •   procurement practices of clients and their use of third−party advisors;

    •   the use by our competitors and our clients of off−shore resources to provide lower−cost service delivery
        capabilities; and

    •   general economic and political conditions.
    Our profitability could suffer if we are not able to maintain favorable utilization rates.
     The cost of providing our services, including the utilization rate of our professionals, affects our
profitability. Our utilization rates are affected by a number of factors, including:
    •   our ability to transition employees from completed projects to new assignments and to hire and assimilate
        new employees;

    •   our ability to forecast demand for our services and thereby maintain an appropriate headcount in each of
        our geographies and workforces;

    •   our ability to manage attrition; and

    •   our need to devote time and resources to training, professional development and other non−chargeable
        activities.
     In recent periods we have maintained a utilization rate that is high by our historical standards. There are no
assurances this will be our utilization rate in future periods. Additionally, we may not achieve a utilization rate
that is optimal for us. If our utilization rate is too high, it could have an adverse effect on employee engagement
and attrition. If the utilization rate for our professionals were to decline, our profit margin and profitability could
suffer.
    Our business could be negatively affected if we incur legal liability in connection with providing our
    solutions and services.
     If we fail to meet our contractual obligations, fail to disclose our financial or other arrangements with our
alliance partners or otherwise breach obligations to clients, or if our subcontractors dispute the terms of our
agreements with them, we could be subject to legal liability. We may enter into non−standard agreements
because we perceive an important economic opportunity or because our personnel did not adequately adhere to
our guidelines. We may find ourselves committed to providing services that we are unable to deliver or whose
delivery will cause us financial loss. If we cannot or do not perform our obligations, we could face legal liability
and our contracts might not always protect us adequately through limitations on the scope of our potential
liability. If we cannot meet our contractual obligations to provide solutions and services, and if our exposure is
not adequately limited through the terms of our agreements, we might face significant legal liability and our
business could be adversely affected.

                                                          27
    If our pricing structures do not accurately anticipate the cost and complexity of performing our work,
    then our contracts could be unprofitable.
     We negotiate pricing terms with our clients utilizing a range of pricing structures and conditions. Depending
on the particular contract, these include time−and−materials pricing, fixed−price pricing, and contracts with
features of both of these pricing models. Our pricing is highly dependent on our internal forecasts and predictions
about our projects and the marketplace, which might be based on limited data and could turn out to be inaccurate.
If we do not accurately estimate the costs and timing for completing projects, our contracts could prove
unprofitable for us or yield lower profit margins than anticipated. We could face greater risk when pricing our
outsourcing contracts, as many of our outsourcing projects entail the coordination of operations and workforces
in multiple locations, utilizing workforces with different skillsets and competencies and geographically
distributed service centers. Furthermore, on outsourcing work we occasionally hire employees from our clients
and assume responsibility for one or more of our clients’ business processes. Our pricing, cost and profit margin
estimates on outsourcing work frequently include anticipated long−term cost savings from transformational and
other initiatives that we expect to achieve and sustain over the life of the outsourcing contract. There is a risk that
we will underprice our contracts, fail to accurately estimate the costs of performing the work or fail to accurately
assess the risks associated with potential contracts. In particular, any increased or unexpected costs, delays or
failures to achieve anticipated cost savings, or unexpected risks we encounter in connection with the performance
of this work, including those caused by factors outside our control, could make these contracts less profitable or
unprofitable, which could have an adverse effect on our profit margin.
    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.
     Many of our contracts include performance clauses that require us to achieve agreed−upon performance
standards or milestones. If we fail to satisfy these measures, it could reduce our fees under the contracts, delay
expected payments or subject us to potential damage claims under the contract terms. Additionally, we have an
increasing number of contracts, many of which are outsourcing contracts, where a portion of our fees or
incentives depends on factors such as cost−savings, revenue enhancement, benefits produced, business goals
attained and adherence to schedule. These goals can be complex and often depend in some measure on our
clients’ actual levels of business activity. These provisions could increase the variability in revenues and margins
earned on those contracts. We estimate that a majority of our contracts include terms that condition some or all of
our fees on the achievement of contractually defined goals.
    Our alliance relationships may not be successful.
     We have alliances with companies whose capabilities complement our own. See “Business—Alliances.” As
most of our alliance relationships are non−exclusive, our alliance partners are not prohibited from forming closer
or preferred arrangements with our competitors. Loss of or limitations on our relationships with them could
adversely affect our financial condition and results of operations.
    Our global operations are subject to complex risks, some of which might be beyond our control.
    We have offices and operations in 49 countries around the world and provide services to clients in more than
75 countries. In fiscal 2007, approximately 43% of our revenues before reimbursements were attributable to the
Americas region, 48% were attributable to the Europe, Middle East and Africa

                                                          28
region (“EMEA”), and 9% were attributable to the Asia Pacific region. In addition, our Global Delivery Network
comprises local Accenture professionals working at client sites around the world in tandem with professionals
resident in other countries located in more than 40 delivery centers. If we are unable to manage the risks of our
global operations, including fluctuations in foreign exchange and inflation rates, international hostilities,
terrorism, natural disasters, security breaches, failure to maintain compliance with our clients’ control
requirements and multiple legal and regulatory systems, our results of operations could be adversely affected.
     Our operating results may be adversely affected by fluctuations in foreign currency exchange
rates. Although we report our operating results in U.S. dollars, a significant percentage of our revenues before
reimbursements is denominated in currencies other than the U.S. dollar. Fluctuations in foreign currency
exchange rates can have a number of adverse effects on us.
    •   Because our consolidated financial statements are presented in U.S. dollars, we must translate revenues,
        expenses and income, as well as assets and liabilities, into U.S. dollars at exchange rates in effect during
        or at the end of each reporting period. Therefore, changes in the value of the U.S. dollar against other
        currencies will affect our revenues before reimbursements, operating income and the value of
        balance−sheet items originally denominated in other currencies. Declines in the value of other currencies
        against the U.S. dollar could cause our consolidated earnings stated in U.S. dollars to be lower than our
        consolidated earnings in local currency and could affect our reported results when compared against
        other periods. Conversely, increases in the value of other currencies against the U.S. dollar could cause
        our consolidated earnings stated in U.S. dollars to be higher than our consolidated earnings in local
        currency and could affect our reported results when compared against other periods. There is no
        guarantee that our financial results will not be adversely affected by currency exchange rate fluctuations.

    •   In some countries we could be subject to strict restrictions on the movement of cash and the exchange of
        foreign currencies, which could limit our ability to use this cash across our global operations.

    •   As we continue to leverage our global delivery model, more of our expenses are incurred in currencies
        other than those in which we bill for the related services. An increase in the value of certain currencies,
        such as the Indian rupee, against the U.S. dollar could increase costs for delivery of services at off−shore
        sites by increasing labor and other costs that are denominated in local currency, and there can be no
        assurance that our contractual provisions or our currency hedging activities would offset this impact. This
        could result in a decrease in the profitability of our contracts that are utilizing delivery center resources.
     International hostilities, terrorist activities, natural disasters and infrastructure disruptions could prevent us
from effectively serving our clients and thus adversely affect our operating results. Acts of terrorist
violence—such as those of recent years in the United States, Spain and England—armed regional and
international hostilities and international responses to these hostilities, natural disasters, global health risks or
pandemics or the threat of or perceived potential for these events, could have a negative impact on us. These
events could adversely affect our clients’ levels of business activity and precipitate sudden significant changes in
regional and global economic conditions and cycles. These events also pose significant risks to our people and to
physical facilities and operations around the world, whether the facilities are ours or those of our alliance partners
or clients. By disrupting communications and travel and increasing the difficulty of obtaining and retaining
highly skilled and qualified personnel, these events could make it difficult or impossible for us to deliver services
to our clients. Extended disruptions of electricity, other public utilities or network services at our facilities,

                                                          29
as well as system failures at, or security breaches in, our facilities or systems, could also adversely affect our
ability to serve our clients. While we plan and prepare to defend against each of these occurrences, we might be
unable to protect our people, facilities and systems against all such occurrences. We generally do not have
insurance for losses and interruptions caused by terrorist attacks, conflicts and wars. If these disruptions prevent
us from effectively serving our clients, our operating results could be adversely affected.
     We could have liability or our reputation could be damaged if we do not protect client data or information
systems or if our information systems are breached. We are dependent on information technology networks and
systems to process, transmit and store electronic information and to communicate among our locations around
the world and with our alliance partners and clients. Security breaches of this infrastructure could lead to
shutdowns or disruptions of our systems and potential unauthorized disclosure of confidential information. We
are also required at times to manage, utilize and store sensitive or confidential client or employee data. As a
result, we are subject to numerous U.S. and foreign jurisdiction laws and regulations designed to protect this
information, such as the European Union Directive on Data Protection and various U.S. federal and state laws
governing the protection of health or other individually identifiable information. If any person, including any of
our employees, negligently disregards or intentionally breaches our established controls with respect to such data
or otherwise mismanages or misappropriates that data, we could be subject to monetary damages, fines and/or
criminal prosecution. Unauthorized disclosure of sensitive or confidential client or employee data, whether
through systems failure, employee negligence, fraud or misappropriation, could damage our reputation and cause
us to lose clients. Similarly, unauthorized access to or through our information systems or those we develop for
our clients, whether by our employees or third parties, could result in negative publicity, legal liability and
damage to our reputation.
     We could incur liability or our reputation could be damaged if our provision of services and solutions to our
clients contributes to our clients’ internal control deficiencies. Our clients may request that we provide an audit
of control activities we perform for them when we host or process data belonging to them. Our ability to acquire
new clients and retain existing clients may be adversely affected and our reputation could be harmed if we
receive a qualified opinion, or if we cannot obtain an unqualified opinion in a timely manner. Additionally, we
could incur liability if a process we manage for a client were to result in internal controls failures or impair our
client’s ability to comply with its own internal control requirements.
     Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements,
and violation of these regulations could harm our business. Because we provide services to clients in more than
75 countries, we are subject to numerous, and sometimes conflicting, legal regimes on matters as diverse as
import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, government affairs,
immigration, internal and disclosure control obligations, data privacy and labor relations. Violations of these
regulations in the conduct of our business could result in fines, criminal sanctions against us or our officers,
prohibitions on doing business and damage to our reputation. Violations of these regulations in connection with
the performance of our obligations to our clients also could result in liability for monetary damages, fines and/or
criminal prosecution, unfavorable publicity, restrictions on our ability to process information and allegations by
our clients that we have not performed our contractual obligations. Due to the varying degrees of development of
the legal systems of the countries in which we operate, local laws might be insufficient to protect our rights.
     Legislation related to certain non−U.S. corporations has been enacted in various jurisdictions in the United
States, none of which adversely affects Accenture. However, additional legislative proposals remain under
consideration in various legislatures which, if enacted, could limit or even prohibit our
                                                         30
eligibility to be awarded state or Federal government contracts in the United States in the future. Changes in laws
and regulations applicable to foreign corporations could also mandate significant and costly changes to the way
we implement our services and solutions, such as preventing us from using off−shore resources to provide our
services, or could impose additional taxes on the provision of our services and solutions. These changes could
threaten our ability to continue to serve certain markets.
     In many parts of the world, including countries in which we operate, practices in the local business
community might not conform to international business standards and could violate anticorruption regulations,
including the U.S. Foreign Corrupt Practices Act, which prohibits giving anything of value with the intent to
influence the awarding of government contracts. Although we have policies and procedures to ensure legal and
regulatory compliance, our employees, subcontractors and agents could take actions that violate these
requirements. Violations of these regulations could subject us to criminal or civil enforcement actions, including
fines and suspension or disqualification from U.S. federal procurement contracting, any of which could have a
material adverse effect on our business.
    Our profitability could suffer if we are not able to control our costs.
     Our ability to control our costs and improve our efficiency affects our profitability. As the continuation of
pricing pressures could result in permanent changes in pricing policies and delivery capabilities, we must
continuously improve our management of costs. Our short−term cost reduction initiatives, which focus primarily
on reducing variable costs, might not be sufficient to deal with all pressures on our pricing. Our long−term
cost−reduction initiatives, which focus on global reductions in costs for service delivery and infrastructure, rely
upon our successful introduction and coordination of multiple geographic and competency workforces and a
growing number of geographically distributed delivery centers. As we increase the number of our professionals
and execute our strategies for growth, we might not be able to manage significantly larger and more diverse
workforces, control our costs or improve our efficiency. Despite increased cost savings, we could experience
erosion of operating income as a percentage of revenues before reimbursements if current pricing pressures
accelerate.
    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.
      Our success and ability to grow are dependent, in large part, on our ability to hire, retain and motivate
sufficient numbers of talented people with the increasingly diverse skills needed to serve clients and grow our
business. Competition for skilled personnel is intense at all levels of experience and seniority. To address this
competition, we may need to further adjust our compensation practices, which could put upward pressure on our
costs and adversely affect our profit margins. We are particularly dependent on the skills of our senior
executives, and if we are not able to successfully retain and motivate our senior executives and experienced
managers, our ability to develop new business and effectively lead our current projects could be jeopardized. At
the same time, the profitability of our business model depends on our ability to effectively utilize personnel with
the right mix of skills and experience to support our projects and global delivery centers. The processes and costs
associated with recruiting, training and retaining employees place significant demands on our resources. There is
a risk that at certain points in time and in certain geographical regions, we will find it difficult to hire and retain a
sufficient number of employees with the skills or backgrounds we require, or that it will prove difficult to retain
them in a competitive labor market. If we are unable to hire and retain talented employees with the skills, and in
the locations, we require, we might need to redeploy existing personnel or increase our reliance on subcontractors
to fill certain of our labor needs. If we need to re−assign personnel from other areas, or employ subcontractors, it
could increase our

                                                           31
costs and adversely affect our profit margins. If we are not successful at retaining and motivating our senior
executives, attracting and retaining other qualified employees in sufficient numbers to meet the demands of our
business, or utilizing our people effectively, then our ability to compete for new work and successfully complete
existing work for our clients could be adversely affected.
    If we are unable to collect our receivables or unbilled services, our results of operations and cash flows
    could be adversely affected.
      Our business depends on our ability to successfully obtain payment from our clients of the amounts they
owe us for work performed. We evaluate the financial condition of our clients and usually bill and collect on
relatively short cycles. In limited circumstances, we also extend financing to our clients, which totaled
$235 million at August 31, 2007. We maintain allowances against receivables and unbilled services. Actual
losses on client balances could differ from those that we currently anticipate and as a result we might need to
adjust our allowances. There is no guarantee that we will accurately assess the creditworthiness of our clients. In
addition, recovery of client financing and timely collection of client balances depends on our ability to complete
our contractual commitments and bill and collect our contracted revenues. If we are unable to meet our
contractual requirements, we might experience delays in collection of and/or be unable to collect our client
balances, and if this occurs, our results of operations and cash flows could be adversely affected. Although we
have recently been successful in timely collection of client balances, if we experience an increase in the time to
bill and collect for our services, our cash flows could be adversely affected.
    Our services or solutions could infringe upon the intellectual property rights of others or we might lose
    our ability to utilize the intellectual property of others.
     We cannot be sure that our services and solutions, or the solutions of others that we offer to our clients, do
not infringe on the intellectual property rights of third parties, and we could have infringement claims asserted
against us or against our clients. These claims could harm our reputation, cost us money and prevent us from
offering some services or solutions. Historically in a number of our contracts, we have agreed to indemnify our
clients for expenses or liabilities resulting from claimed infringements of the intellectual property rights of third
parties. In some instances, the amount of these indemnities could be greater than the revenues we receive from
the client. Any claims or litigation in this area, whether we ultimately win or lose, could be time−consuming and
costly, injure our reputation or require us to enter into royalty or licensing arrangements. We might not be able to
enter into these royalty or licensing arrangements on acceptable terms. If a claim of infringement were successful
against us or our clients, an injunction might be ordered against our client or our own services or operations,
causing further damages.
     We could lose our ability to utilize the intellectual property of others. Third−party suppliers of software,
hardware or other intellectual assets could be acquired or sued, and this could disrupt use of their products or
services by Accenture and our clients. If our ability to provide services and solutions to our clients is impaired,
our operating results could be adversely affected.
    We have only a limited ability to protect our intellectual property rights, which are important to our
    success
     Our success depends, in part, upon our ability to protect our proprietary methodologies and other intellectual
property. Existing laws of some countries in which we provide services or solutions might offer only limited
protection of our intellectual property rights. We rely upon a combination of trade secrets, confidentiality
policies, nondisclosure and other contractual arrangements, and patent, copyright and trademark laws to protect
our intellectual property rights. The steps we take in this regard

                                                         32
might not be adequate to prevent or deter infringement or other misappropriation of our intellectual property, and
we might not be able to detect unauthorized use of, or take appropriate and timely steps to enforce, our
intellectual property rights.
    Depending on the circumstances, we might grant a specific client greater rights in intellectual property
developed in connection with a contract than we otherwise generally do, in which case we would seek to
cross−license the use of the intellectual property.
    However, in certain situations, we might forego rights to the use of intellectual property we help create,
which might limit our ability to reuse that intellectual property for other clients. Any limitation on our ability to
provide a service or solution could cause us to lose revenue−generating opportunities and require us to incur
additional expenses to develop new or modified solutions for future projects.
    Tax legislation and negative publicity related to Bermuda companies could lead to an increase in our tax
    burden or affect our relationships with our clients.
     In 2004, the United States Congress enacted legislation relating to the tax treatment of U.S. companies that
have undertaken certain types of expatriation transactions. We do not believe this legislation applies to
Accenture. However, we are not able to predict with certainty whether the U.S. Internal Revenue Service will
challenge our interpretation of the legislation, nor are we able to predict with certainty the impact of regulations
or other interpretations that might be issued related to this legislation. Future developments or the finalization of
regulations or interpretations could materially increase our tax expense.
    In addition, there have been, from time to time, negative comments in the media regarding companies
incorporated in Bermuda. This negative publicity could harm our reputation and impair our ability to generate
new business if companies or government agencies decline to do business with us as a result of a negative public
image of Bermuda companies or the possibility of our clients receiving negative media attention from doing
business with us.
    If we are unable to manage the organizational challenges associated with the size and expansion of our
    Company, we might be unable to achieve our business objectives.
     Since 2001, we have more than doubled the size of our workforce so that, as of August 31, 2007, we had
approximately 170,000 employees, located in more than 150 cities in 49 countries. Increasingly, our expansion is
taking place outside of the United States and Europe, with particular growth in our locations in India and the
Philippines. The size of our Company presents significant management and organizational challenges and these
issues may become more pronounced if we continue our rate of expansion. For example, it takes time for our
newer employees to develop the knowledge, skills or experience that our business model requires. Continued
growth may make it increasingly difficult to maintain our culture, effectively manage our personnel and
operations and effectively communicate to our personnel worldwide our core values, strategies and goals.
Similarly, it could become increasingly difficult to maintain common standards across an expanding enterprise or
to effectively institutionalize our know−how. Finally, the size and scope of our operations increases the
possibility that an employee will engage in unlawful or fraudulent activity, or otherwise expose the Company to
unacceptable business risks, despite our efforts to maintain internal controls to prevent such instances. If we do
not continue to develop and implement the right processes and tools to manage our large and expanding
enterprise, our ability to compete successfully and achieve our business objectives could be impaired.

                                                          33
    We may not be successful at identifying, acquiring or integrating other businesses or technologies.
     We expect to continue our program of pursuing strategic acquisitions designed to enhance our capabilities.
However, there can be no assurance that we will successfully identify suitable acquisition candidates, succeed in
completing targeted transactions or achieve desired financial or operating results. Furthermore, we face
numerous risks in integrating any businesses we might acquire. We might need to dedicate additional
management and other resources to complete the transactions, which could divert our attention from other
business operations. Our organizational structure could make it difficult for us to efficiently integrate acquired
businesses or technologies into our ongoing operations. We could face challenges combining service delivery
operations, consolidating IT and administrative infrastructure, and assimilating employees into our culture and
operations. Accordingly, we might fail to realize the expected benefits or strategic objectives of any acquisition
we undertake, which could have an adverse effect on our revenues and profit margin or our ability to grow our
business. If we are unable to complete the number and kind of acquisitions for which we plan, or if we are
inefficient or unsuccessful at integrating any acquired businesses into our operations, we may not be able to
achieve our planned rates of growth or further improve our market share, profitability or competitive position in
specific markets or services.
    Consolidation in the industries that we serve could adversely affect our business.
     Companies in the industries that we serve may seek to achieve economies of scale and other synergies by
combining with or acquiring other companies. If two or more of our current clients merge or consolidate and
combine their operations, it may decrease the amount of work that we perform for these clients. If one of our
current clients merges or consolidates with a company that relies on another provider for its consulting, systems
integration and technology, or outsourcing services, we may lose work from that client or lose the opportunity to
gain additional work. The increased market power of larger companies could also increase pricing and
competitive pressures on us. Any of these possible results of industry consolidation could adversely affect our
business.
Risks That Relate to Ownership of Our Class A Common Shares
    The share price of Accenture Ltd Class A common shares could be adversely affected from time to time by
    sales, or the anticipation of future sales, of Class A common shares held by our employees and former
    employees.
    Our employees and former employees continue to hold significant amounts of equity in Accenture in the
form of Accenture Ltd Class A common shares, restricted share units and options, and shares in our subsidiaries,
most of which are exchangeable or redeemable for Accenture Ltd Class A common shares. The majority of these
holdings are, or may become, freely tradable in the marketplace, as described below.
  Our current employees hold a large number of shares that will become freely tradable in the period leading up
  to July 24, 2009
    •   At the time of our transition to a corporate structure in 2001, many of our senior executives received a
        substantial number of Class A common shares and/or securities that may be exercisable, redeemable or
        exchangeable for Class A common shares or pursuant to which Class A common shares may be delivered
        to such senior executives. Those shares generally remain subject to transfer restrictions that lapse with
        the passage of time through July 24, 2009. See “Business—Organizational Structure—Restrictions on
        Transfer of Certain Accenture Shares.”


                                                        34
  In fiscal 2007, we eliminated a requirement that senior executives who hold covered shares and who remain
  employed by Accenture continue to maintain beneficial ownership of, and be restricted from transferring, at
  least 25% of these shares at all times during their employment. We replaced this “25% minimum holding
  requirement” with a graduated waiver of transfer restrictions that takes effect on a phased−in quarterly basis
  through the fourth quarter of fiscal 2009. We eliminated the 25% minimum holding requirement in the belief
  that it would benefit shareholders by decreasing the large number of shares whose transfer restrictions would
  not otherwise lapse until the later of July 24, 2009 or the termination of our senior executives’ employment,
  and that it would benefit retention by removing a structural incentive for senior executives to resign starting
  in 2009 to achieve greater liquidity for their shareholdings. Even though we still maintain share ownership
  guidelines that dictate specific ownership levels for active senior executives (see “Business—Organizational
  Structure—Senior Executive Ownership Requirements”), the waiver described above will permit many of
  our active senior executives to transfer or sell into the marketplace a portion of their shares significantly
  earlier than would have been the case in the past, and there is a risk this could have an adverse effect on our
  share price.
  The following table shows the total number of covered shares held by active employees scheduled to be
  released from transfer restrictions each quarter. This table reflects the adoption of the phased−in quarterly
  waiver described above starting in the fourth quarter of fiscal 2007 and assumes that all covered persons
  who are active employees as of October 1, 2007 remain actively employed by Accenture through June 1,
  2009. (The actual number of additional covered shares that become available for transfer as a result of the
  waiver will be reduced depending on the number of covered persons who cease to be employed prior to
  June 1, 2009.)

                                                                  Total number of Accenture Ltd
                                                                Class A common shares, SCA Class I
                                                                   common shares and Accenture
                                                                Canada Holdings Inc. exchangeable
                                                                 shares held by current employees
                                                                    that are scheduled to become
                                                available
                                                   for
                                                transfer

           1st Quarter Fiscal 2008                                               7,930,862
           2nd Quarter Fiscal 2008                                               7,179,893
           3rd Quarter Fiscal 2008                                               7,179,893
           4th Quarter Fiscal 2008                                              28,852,729
           1st Quarter Fiscal 2009                                               7,179,893
           2nd Quarter Fiscal 2009                                               7,179,893
           3rd Quarter Fiscal 2009                                               7,179,893
           4th Quarter Fiscal 2009                                               7,186,356
Our former employees hold a large number of shares that will become freely tradable after July 24, 2009
  •   Our retired and resigned partners continue to hold a large number of covered shares. Although some of
      these are unrestricted and currently available for sale and transfer, the majority will not be free for sale or
      transfer until July 24, 2009, when the remaining transfer restrictions on these shares will lapse. We have
      on several occasions conducted transactions, including discounted tender offers of Accenture SCA shares
      and targeted repurchases of Accenture Ltd shares, designed to address the potential impact of the
      build−up of shares having transfer restrictions that would otherwise lapse on July 24, 2009. However,
      there is no assurance that


                                                        35
            tender offers and share repurchases we have conducted to date, or other actions we might undertake in
            the future, will have the desired effect of meaningfully reducing the impact of having a large number of
            shares become available for transfer on a common date.
        The following table shows the total number of covered shares held by former employees scheduled to be
   released from transfer restrictions each quarter. This table assumes that no covered persons who are active
   employees as of October 1, 2007 retire or resign through June 1, 2009.

                                                                               Total number of Accenture Ltd
                                                                            Class A common shares, SCA Class I
                                                                               common shares and Accenture
                                                                             Canada Holdings Inc. exchangeable
                                                                              shares held by former employees
                                                                                 that are scheduled to become
                                                                       available
                                                                          for
                                                                       transfer

           1st Quarter Fiscal 2008                                                                          2,402,464
           2nd Quarter Fiscal 2008                                                                            655,975
           3rd Quarter Fiscal 2008                                                                          2,205,260
           4th Quarter Fiscal 2008                                                                          8,050,672
           1st Quarter Fiscal 2009                                                                            760,550
           2nd Quarter Fiscal 2009                                                                          2,234,887
           3rd Quarter Fiscal 2009                                                                          2,442,838
           4th Quarter Fiscal 2009                                                                         97,639,354
     Our Senior Executive Trading Policy might not be effective at limiting the number of shares sold
       •    We maintain a Senior Executive Trading Policy that provides, among other things, that covered shares
            held by actively employed senior executives will be subject to company−imposed quarterly trading
            guidelines. We set allocation limits of unrestricted covered shares based on a composite average weekly
            volume of trading in Accenture Ltd Class A common shares. These guidelines allow us to manage the
            total number of shares redeemed, sold or otherwise transferred by our senior executives in any calendar
            quarter. The policy guidelines, which can be adjusted by management, are not legal or contractual
            restrictions, however, and there is a risk that the internal sanctions available to us might not adequately
            dissuade individual employees from attempting transfers in excess of the amounts permitted under the
            policy. Additionally, there is a risk that this policy creates an adverse incentive for some senior
            executives to retire or to terminate their employment in order to sell unrestricted shares that would
            otherwise be governed by these quarterly trading guidelines. This could have an adverse effect on our
            ability to retain talented and experienced senior executives.
     The sale of shares issued under our 2001 Share Incentive Plan could have an adverse effect on our share price
       •    In addition to the covered shares described above, as of October 1, 2007, a total of 50,248,658 of our
            Class A common shares underlying restricted share units were scheduled to be delivered during the
            calendar years indicated below:

                                                                                             Number
Calendar                                                                                       of
 Year                                                                                        Shares

                        2007                                                                                1,041,603
                        2008                                                                                6,951,002
                        2009                                                                               15,435,505
                        2010                                                                               15,024,280
                    2011 and after                                                                         11,796,268

                                                             36
           Although the holders may choose to defer delivery of some of these shares for tax purposes, it is
           foreseeable that a significant number of these shares could be sold on the open markets following their
           delivery.
           Furthermore, as of October 1, 2007, a total of 42,671,428 Accenture Ltd Class A common shares were
           issuable pursuant to options, of which options to purchase an aggregate of 40,114,479 Class A common
           shares were exercisable and options to purchase an aggregate of 2,556,949 Class A common shares are
           scheduled to become exercisable during the calendar years indicated below:

                                                                                      Number
Calendar                                                                                of
 Year                                                                                 Shares

                     2007                                                                              43,629
                   After 2007                                                                       2,513,320
           Upon delivery of restricted stock, or exercise of employee stock options, under our 2001 Stock Incentive
           Plan, our employees or former employees may choose to sell a significant number of our shares in open
           market transactions. There is a risk that this could put additional downward pressure on the price of our
           Class A common stock.
       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.
        Our share price has fluctuated in the past and could continue to fluctuate in the future in response to various
   factors. These factors include:
       •   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.
       Our revenues, operating results and profitability have varied in the past and are likely to vary significantly
   from quarter to quarter in the future, making them difficult to predict. Some of the factors that could cause our
   revenues, operating results and profitability to vary include:
       •   seasonality, including number of workdays and holiday and summer vacations;

       •   the business decisions of our clients regarding the use of our services;

       •   periodic differences between our clients’ estimated and actual levels of business activity associated with
           ongoing work;

       •   the stage of completion of existing projects and/or their termination;

       •   our ability to transition employees quickly from completed to new projects;

       •   the introduction of new products or services by us or our competitors;

       •   changes in our pricing policies or those of our competitors;

       •   our ability to manage costs, including those for personnel, support services and severance;

       •   our ability to maintain an appropriate headcount in each of our workforces;


                                                            37
    •   acquisition and integration costs related to possible acquisitions of other businesses;

    •   changes in, or the application of changes in, accounting principles or pronouncements under
        U.S. generally accepted accounting principles, particularly those related to revenue recognition;

    •   currency exchange rate fluctuations;

    •   changes in estimates, accruals or payments of variable compensation to our employees; and

    •   global, regional and local economic and political conditions and related risks, including acts of terrorism.
     As a result of any of these factors, our share price could be difficult to predict and our share price in the past
might not be a good indicator of the price of our shares in the future. In addition, if litigation is instituted against
us following variability in our share price, we might need to devote substantial time and resources to responding
to the litigation, and our share price could be adversely affected.
    Our share price could be adversely affected if we are unable to maintain effective internal controls.
     We are required to provide a report from management to our shareholders on our internal control over
financial reporting that includes an assessment of the effectiveness of these controls. Internal control over
financial reporting has inherent limitations, including human error, the possibility that controls could be
circumvented or become inadequate because of changed conditions, and fraud. Because of these inherent
limitations, internal control over financial reporting might not prevent or detect all misstatements or fraud. If we
cannot maintain and execute adequate internal control over financial reporting or implement required new or
improved controls that provide reasonable assurance of the reliability of the financial reporting and preparation
of our financial statements for external use, we could suffer harm to our reputation, fail to meet our public
reporting requirements on a timely basis, or be unable to properly report on our business and the results of our
operations and the market price of our securities could be materially adversely affected.
    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.
    We are organized under the laws of Bermuda, and a significant portion of our assets are located outside the
United States. It might not be possible to enforce court judgments obtained in the United States against us in
Bermuda or in countries other than in the United States where we have assets based on the civil liability
provisions of the Federal or state securities laws of the United States. In addition, there is some doubt as to
whether the courts of Bermuda and other countries would recognize or enforce judgments of U.S. courts obtained
against us or our directors or officers based on the civil liabilities provisions of the Federal or state securities
laws of the United States or would hear actions against us or those persons based on those laws. We have been
advised by our legal advisors in Bermuda that the United States and Bermuda do not currently have a treaty
providing for the reciprocal recognition and enforcement of judgments in civil and commercial matters.
Therefore, a final judgment for the payment of money rendered by any Federal or state court in the United States
based on civil liability, whether or not based solely on U.S. Federal or state securities laws, would not
automatically be enforceable in Bermuda. Similarly, those judgments might not be enforceable in countries other
than in the United States where we have assets.

                                                           38
    Bermuda law differs from the laws in effect in the United States and might afford less protection to
    shareholders.
    Our shareholders could have more difficulty protecting their interests than would shareholders of a
corporation incorporated in a jurisdiction of the United States. As a Bermuda company, we are governed by the
Companies Act 1981 of Bermuda. The Companies Act differs in some material respects from laws generally
applicable to U.S. corporations and shareholders, including the provisions relating to interested directors,
mergers and acquisitions, takeovers, shareholder lawsuits and indemnification of directors.
     Under Bermuda law, the duties of directors and officers of a company are generally owed to the company
only. Shareholders of Bermuda companies do not generally have rights to take action against directors or officers
of the company, and may only do so in limited circumstances. Officers of a Bermuda company must, in
exercising their powers and performing their duties, act honestly and in good faith with a view to the best
interests of the company and must exercise the care and skill that a reasonably prudent person would exercise in
comparable circumstances. Directors have a duty not to put themselves in a position in which their duties to the
company and their personal interests might conflict and also are under a duty to disclose any personal interest in
any contract or arrangement with the company or any of its subsidiaries. If a director or officer of a Bermuda
company is found to have breached his duties to that company, he could be held personally liable to the company
in respect of that breach of duty. A director may be liable jointly and severally with other directors if it is shown
that the director knowingly engaged in fraud or dishonesty. In cases not involving fraud or dishonesty, the
liability of the director will be determined by the Bermuda courts on the basis of their estimation of the
percentage of responsibility of the director for the matter in question, in light of the nature of the conduct of the
director and the extent of the causal relationship between his conduct and the loss suffered.
    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.
    We might choose to raise additional funds through public or private debt or equity financings in order to:
    •   take advantage of opportunities, including more rapid expansion;

    •   acquire complementary businesses or technologies;

    •   repurchase additional shares from our current shareholders;

    •   develop new services and solutions; or

    •   respond to competitive pressures.
     Any additional capital raised through the sale of equity could dilute shareholders’ ownership percentage in
us. Furthermore, any additional financing we need might not be available on terms favorable to us, or at all.
ITEM 1B.      UNRESOLVED STAFF COMMENTS
    None.
ITEM 2. PROPERTIES
     We have major offices in the world’s leading business centers, including New York, London, Frankfurt,
Paris, Madrid, Chicago, Milan, Tokyo, Sao Paolo, Rome, Bangalore, San Francisco, Sydney,

                                                         39
Manila and Boston, among others. In total, we have offices and operations in more than 150 cities in 49 countries
around the world. We do not own any material real property. Substantially all of our office space is leased under
long−term leases with varying expiration dates. We believe that our facilities are adequate to meet our needs in
the near future.
ITEM 3. LEGAL PROCEEDINGS
    We are involved in a number of judicial and arbitration proceedings concerning matters arising in the
ordinary course of our business. We do not expect that any of these matters, individually or in the aggregate, will
have a material impact on our results of operations or financial condition.
     In September 2007, the State of Connecticut filed an action in State Superior Court in Hartford against
Accenture arising out of an alleged data security breach. The action arises in connection with work we undertook
for the State of Connecticut’s Office of the Comptroller (the “Core−CT Project”), during which Accenture
properly came into the possession of confidential information, including personally identifiable information,
concerning Connecticut citizens. The complaint alleges that some of the information was subsequently placed on
a server maintained by the State of Ohio by Accenture employees who were transferred from the Core−CT
Project to a similar project for the State of Ohio, and that a back−up tape from the Ohio server containing some
of the information was stolen in June 2007 from an Ohio state employee. The State of Connecticut claims that
Accenture breached its contract with the Connecticut Comptroller’s office and also asserts negligence and the
unauthorized taking of information by Accenture. The complaint seeks injunctive relief and damages, including
restitution of some unspecified portion of the amount paid to Accenture pursuant to the Core−CT Project
contract. During the investigation of this matter, it was discovered that confidential information belonging to
several other Accenture clients appeared on the Ohio server, and Accenture has notified the affected clients.
Although these events represent a breach of Accenture’s internal policies on data security, we have no evidence
that any individual has been harmed as a result. Accenture is committed to maintaining the security of its clients’
data and is conducting an internal investigation to ensure the integrity of all confidential data, including
personally identifiable information, in its possession. Accenture is committed to taking all appropriate remedial
actions. In addition to the Connecticut suit, it is possible that other affected parties could bring similar lawsuits or
proceedings. We do not believe these matters would have a material impact on our results of operations or
financial condition.
     On April 12, 2007, the U.S. Department of Justice (the “DOJ”) intervened in a civil “qui tam” action
previously filed under seal by two private individuals in the U.S. District Court for the Eastern District of
Arkansas against Accenture and several of its indirect subsidiaries. The complaint alleges that, in connection
with work we undertook for the U.S. federal government, we received payments, resale revenue, or other benefits
as a result of alliance agreements we maintain with technology vendors and others in violation of our contracts
with the U.S. government and/or applicable law or regulations. Similar suits were brought against other
companies in our industry. The total amount of the payments, resale revenue and other benefits alleged in the
complaint is $32 million. The suit alleges that these amounts were not disclosed to the government in violation of
the Federal False Claims Act and the Anti−Kickback Act, among other statutes. The DOJ complaint seeks
various remedies including treble damages, statutory penalties and disgorgement of profits. The suit could lead to
other related proceedings by various agencies of the U.S. government, including potential suspension or
debarment proceedings. We intend to defend this matter vigorously and do not believe this matter will have a
material impact on our results of operations or financial condition.
    As previously reported in July 2003, we became aware of an incident of possible noncompliance with the
Foreign Corrupt Practices Act and/or with Accenture’s internal controls in connection with certain of our
operations in the Middle East. In 2003, we voluntarily reported the incident to the

                                                          40
appropriate authorities in the United States promptly after its discovery. Shortly thereafter, the SEC advised us it
would be undertaking an informal investigation of this incident, and the DOJ indicated it would also conduct a
review. Since that time, there have been no further developments. We do not believe that this incident will have
any material impact on our results of operations or financial condition.
    We currently maintain the types and amounts of insurance customary in the industries and countries in
which we operate, including coverage for professional liability, general liability and management liability. We
consider our insurance coverage to be adequate both as to the risks and amounts for the businesses we conduct.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
     No matters were submitted to a vote of security holders of Accenture Ltd or Accenture SCA during the
fourth quarter of fiscal 2007.
Executive Officers of the Registrant
    Our executive officers and persons chosen to become executive officers as of the date hereof are as follows:
     Kevin Campbell, 47, became our group chief executive—Outsourcing in September 2006, after serving as
our senior managing director—Business Process Outsourcing beginning in February 2005. Previously, he served
as the vice president of global sales at Hewitt Associates from September 2004 to February 2005, and as
president and chief operating officer of Exult Inc. from May 2000 to September 2004, when Exult merged with
Hewitt. Mr. Campbell was previously employed by Accenture from 1982 until 1999.
    Gianfranco Casati, 48, became our group chief executive—Products operating group in September 2006.
From April 2002 to September 2006, Mr. Casati was managing director of the Products operating group’s Europe
operating unit. He also served as Accenture’s country managing director for Italy and as chairman of our
geographic council in its IGEM (Italy, Greece, emerging markets) region, supervising Accenture offices in Italy,
Greece and several Eastern European countries. Mr. Casati has been with Accenture for 23 years.
     Martin I. Cole, 51, became our group chief executive—Communications & High Tech operating group in
September 2006, after serving as our group chief executive—Government operating group from September 2004
to September 2006. From September 2000 to August 2004, he served in leadership roles in our outsourcing
group, including serving as global managing partner of our Outsourcing & Infrastructure Delivery group.
Mr. Cole has been with Accenture for 27 years.
    Anthony G. Coughlan, 50, has been our principal accounting officer since September 2004 and our
controller since September 2001. Mr. Coughlan has been with Accenture for 29 years.
    Pamela J. Craig, 50, has been our chief financial officer since October 2006. From March 2004 to October
2006, she was our senior vice president—Finance. Previously, Ms. Craig was our group director—Business
Operations & Services from March 2003 to March 2004, and was our managing partner—Global Business
Operations from June 2001 to March 2003. Ms. Craig has served as a director of Avanade Inc. since February
2006, and is a member of its Audit Committee. Ms. Craig has been with Accenture for 25 years.
    Karl−Heinz Flöther, 55, has been our group chief executive—Systems Integration & Technology since
May 2005. From December 1999 to May 2005 he was our group chief executive—Financial Services operating
group. In addition, Mr. Flöther served as one of our directors from June 2001 to

                                                         41
February 2004, and is currently a director of Avanade Inc. Mr. Flöther has been with Accenture for 28 years.
    Mark Foster, 48, became our group chief executive—Management Consulting & Integrated Markets in
September 2006. Prior to that, Mr. Foster served as our group chief executive—Products operating group from
March 2002 to September 2006. From September 2000 to March 2002, he was managing partner of our Products
operating group in Europe. Mr. Foster has been with Accenture for 23 years.
    Robert N. Frerichs, 55, has been our chief risk officer since September 2004. From November 2003 to
September 2004, he was chief operating officer of our Communication & High Tech operating group. From
August 2001 to November 2003, he led the market maker team for our Communications & High Tech operating
group. Prior to these roles, Mr. Frerichs held numerous leadership positions within our Communications & High
Tech operating group. He currently serves as chairman of the Board of Directors of Avanade Inc., and is a
member of its Audit Committee. Mr. Frerichs has been with Accenture for 31 years.
    William D. Green, 54, became chairman of the Board of Directors on August 31, 2006, and has been our
chief executive officer since September 2004 and a director since June 2001. From March 2003 to August 2004
he was our chief operating officer—Client Services, and from August 2000 to August 2004 he was our country
managing director, United States. Mr. Green has been with Accenture for 29 years.
    Lisa M. Mascolo, 47, became our group chief executive—Public Service operating group in September
2006. She has served in leadership roles in our Public Service operating group since 2001, including serving as
managing director of our USA Government operating unit and managing partner of Accenture’s US Federal
Government business. Ms. Mascolo has been with Accenture for 25 years.
    Pierre Nanterme, 48, became our group chief executive—Financial Services operating group on
September 1, 2007. Prior to assuming this role, Mr. Nanterme held various leadership roles throughout the
Company, including serving as our chief leadership officer from May 2006 through September 2007, and our
country managing director for France from November 2005 to September 2007. Mr. Nanterme has been with
Accenture for 24 years.
    Stephen J. Rohleder, 50, has been our chief operating officer since September 2004. From March 2003 to
September 2004, he was our group chief executive—Government operating group. From March 2000 to March
2003, he was managing partner of our Government operating group in the United States. Mr. Rohleder has been
with Accenture for 26 years.
   Douglas G. Scrivner, 56, has been our general counsel and secretary since January 1996 and our
compliance officer since September 2001. Mr. Scrivner has been with Accenture for 27 years.
    Alexander M. van’t Noordende, 44, became our group chief executive—Resources operating group in
September 2006. Prior to assuming that role, he led our Resources operating group in Southern Europe, Africa,
the Middle East and Latin America, and has served as managing partner of the Resources operating group in
France, Belgium and the Netherlands. From 2001 until September 2006, Mr. van’t Noordende served as our
country managing director for the Netherlands. Mr. van’t Noordende has been with Accenture for 20 years.

                                                       42
                                                    PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER
        MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Price Range of Accenture Ltd Class A Common Shares
   Accenture Ltd Class A common shares are traded on the New York Stock Exchange under the symbol
“ACN.” The New York Stock Exchange is the principal United States market for these shares.
   The following table sets forth, on a per share basis for the periods indicated, the high and low sale prices for
Accenture Ltd Class A common shares as reported by the New York Stock Exchange.

                                                                                                  Price Range
                                                                                                High       Low

Fiscal 2006
First Quarter                                                                               $    28.63   $   24.45
Second Quarter                                                                              $    33.05   $   28.02
Third Quarter                                                                               $    32.94   $   26.17
Fourth Quarter                                                                              $    29.66   $   25.68
Fiscal 2007
First Quarter                                                                               $    35.17   $   28.28
Second Quarter                                                                              $    39.25   $   33.45
Third Quarter                                                                               $    41.19   $   34.28
Fourth Quarter                                                                              $    44.03   $   37.25
Fiscal 2008
First Quarter (through October 15, 2007)                                                    $ 42.32      $ 37.25
    The closing sale price of an Accenture Ltd Class A common share as reported by the New York Stock
Exchange consolidated tape as of October 15, 2007 was $41.00. As of October 15, 2007, there were 1,318
holders of record of Accenture Ltd Class A common shares.
    There is no trading market for Accenture Ltd Class X common shares. As of October 15, 2007, there were
1,293 holders of record of Accenture Ltd Class X common shares.
Dividend Policy
    On November 15, 2005, Accenture Ltd paid a cash dividend of $0.30 per share on its Class A common
shares and Accenture SCA paid a cash dividend of $0.30 per share on its Class I common shares. On
November 15, 2006, Accenture Ltd paid a cash dividend of $0.35 per share on its Class A common shares and
Accenture SCA paid a cash dividend of $0.35 per share on its Class I common shares.
    On September 25, 2007, Accenture Ltd declared a cash dividend of $0.42 per share on its Class A common
shares for shareholders of record at the close of business on October 12, 2007. Accenture Ltd will cause
Accenture SCA to declare a cash dividend of $0.42 per share on its Class I common shares for shareholders of
record at the close of business on October 9, 2007. Both dividends are payable on November 15, 2007.
    Future dividends on Accenture Ltd Class A common shares, if any, will be at the discretion of the Board of
Directors of Accenture Ltd and will depend on, among other things, our results of operations, cash requirements
and surplus, financial condition, contractual restrictions and other factors that the

                                                        43
Board of Directors may deem relevant, as well as our ability to pay dividends in compliance with the Bermuda
Companies Act.
Recent Sales of Unregistered Securities
    None.
Purchases and redemptions of Accenture Ltd Class A common shares and Class X common shares
    The following table provides information relating to the Company’s purchases of Accenture Ltd Class A
common shares and redemptions of Accenture Ltd Class X common shares for the fourth quarter of fiscal 2007.
For year−to−date information on all share purchases, redemptions and exchanges by the Company and further
discussion of the Company’s share purchase activity, see “Management’s Discussion and Analysis of Financial
Condition and Results of Operations—Liquidity and Capital Resources—Share Purchases and Redemptions.”

                                                                                                                              Approximate Dollar
                                                                                        Total Number of Shares              Value of Shares that May
                                                                                         Purchased as Part of               Yet Be Purchased Under
                                   Total Number of             Average Price             Publicly Announced                   Publicly Announced
Period                             Shares Purchased            Paid per Share            Plans or Programs(1)                  Plans or Programs
                                                                                                                                  (in millions)

June 1, 2007—June 30,
  2007
  Class A common shares                           11,036      $             41.14                                   —      $                             978
  Class X common shares                               —                        —                                    —                                     —
July 1, 2007—July 31, 2007
  Class A common shares                          550,107      $            41.91                                    —      $                             978
  Class X common shares                        7,176,548      $       0.0000225                                     —                                     —
August 1,
  2007— August 31, 2007
  Class A common shares                        2,015,735      $            39.88                           1,988,773       $                             900
  Class X common shares                        1,765,321      $       0.0000225                                   —                                       —
Total
  Class A common
     shares(1)(2)                              2,576,878      $             40.32                          1,988,773
  Class X common
     shares(3)                                 8,941,869      $       0.0000225                                     —
  (1) Since August 2001, the Board of Directors of Accenture Ltd has authorized and periodically confirmed a publicly announced open−market share purchase
      program for acquiring Accenture Ltd Class A common shares. During the fourth quarter of fiscal 2007, we repurchased an aggregate of 1,988,773
      Accenture Ltd Class A common shares for an aggregate purchase price of $79 million. To date, the Board of Directors of Accenture Ltd has authorized an
      aggregate of $2.4 billion for use in these open−market share purchases. As of August 31, 2007, an aggregate of $900 million remained available for these
      open−market share purchases. The open−market purchase program does not have an expiration date.

  (2) During the fourth quarter of fiscal 2007, Accenture purchased 588,105 Accenture Ltd Class A common shares in transactions unrelated to publicly
      announced share plans or programs. These transactions consisted of acquisitions of Accenture Ltd Class A common shares via share withholding for
      payroll tax obligations due from employees and former employees in connection with the delivery of Accenture Ltd Class A common shares under our
      various employee equity share plans.

  (3) During the fourth quarter of fiscal 2007, we redeemed 8,941,869 Accenture Ltd Class X common shares pursuant to our bye−laws. Accenture Ltd Class X
      common shares are redeemable at their par value of $0.0000225 per share.

Purchases and redemptions of Accenture SCA Class I common shares and Accenture Canada Holdings
Inc. exchangeable shares
     The following table provides additional information relating to purchases and redemptions by Accenture of
Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares during the
fourth quarter of fiscal 2007. The Company’s management believes the following table and footnotes provide
useful information regarding the share purchase and redemption activity of

                                                                             44
the Company. Generally, purchases and redemptions of Accenture SCA Class I common shares and Accenture
Canada Holdings Inc. exchangeable shares reduce shares outstanding for purposes of computing earnings per
share.

                                                                                                                                    Approximate Dollar
                                                                                                                                      Value of Shares
                                                                                                     Total Number of                 that May Yet Be
                                                                                                    Shares Purchased as              Purchased Under
                                                                                  Average             Part of Publicly                   Publicly
                                                  Total Number of                Price Paid         Announced Plans or               Announced Plans
Period                                          Shares Purchased (1)             per Share               Programs                      or Programs

            Accenture SCA
June 1, 2007—June 30, 2007
   Class I common shares                                                 —                  —                               —                               —
July 1, 2007—July 31, 2007
   Class I common shares                                        6,437,510       $       42.36                               —                               —
August 1, 2007—August 31, 2007
   Class I common shares                                          456,007       $       40.76                               —                               —
Total
   Class I common shares(2)(3)                                  6,893,517       $       42.25                               —                               —
  Accenture Canada Holdings Inc.
June 1, 2007—June 30, 2007
   Exchangeable shares                                                   —                  —                               —                               —
July 1, 2007—July 31, 2007
   Exchangeable shares                                            123,350       $       42.75                               —                               —
August 1, 2007—August 31, 2007
   Exchangeable shares                                             14,122       $       39.92                               —                               —
Total
   Exchangeable shares(2)                                         137,472       $       42.46                               —                               —
  (1) To date, the Board of Directors of Accenture Ltd has authorized an aggregate of $5.7 billion for purchases and redemptions of shares from our current and
      former senior executives and their permitted transferees under our Senior Executive Trading Policy and our prior Share Management Plan. As of
      August 31, 2007, an aggregate of $750 million remained available for these purchases and redemptions.

  (2) During the fourth quarter of fiscal 2007, Accenture redeemed and purchased a total of 6,893,517 Accenture SCA Class I common shares and 137,472
      Accenture Canada Holdings Inc. exchangeable shares from current and former senior executives and their permitted transferees.

  (3) In addition to the amounts included in this table, during the fourth quarter of fiscal 2007, we also redeemed a total of 3,185,481 Accenture SCA Class I
      common shares from current and former senior executives and their permitted transferees by issuing an equivalent number of Accenture Ltd Class A
      common shares. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Other
      Share Redemptions.”

Purchases and redemptions of Accenture SCA Class II and Class III common shares
     During the fourth quarter of fiscal 2007, Accenture SCA redeemed 4,617,523 Accenture SCA Class III
common shares from Accenture. These redemptions were made in transactions unrelated to publicly announced
share plans or programs. Transactions involving Accenture SCA Class II and Class III common shares consist
exclusively of inter−company transactions undertaken to facilitate other corporate purposes. These
inter−company transactions do not reduce shares outstanding for purposes of computing earnings per share
reflected in the Company’s Consolidated Financial Statements under “Financial Statements and Supplementary
Data.”

                                                                             45
ITEM 6. SELECTED FINANCIAL DATA
     The data as of August 31, 2007 and 2006 and for the years ended August 31, 2007, 2006 and 2005 are
derived from the audited Consolidated Financial Statements and related Notes that are included elsewhere in this
report. The data as of August 31, 2005, 2004 and 2003 and for the years ended August 31, 2004 and 2003 are
derived from audited Consolidated Financial Statements and related Notes that are not included in this report.
The selected financial data should be read in conjunction with “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and our Consolidated Financial Statements and related Notes
included elsewhere in this report.

                                                                                       Year Ended August 31,
                                                                2007             2006(1)(2)     2005(3)   2004(3)                                 2003
                                                                                            (in millions)

Income Statement Data:
Revenues:
  Revenues before reimbursements                            $ 19,696            $      16,646         $ 15,547            $ 13,673            $ 11,818
  Reimbursements                                               1,757                    1,582            1,547               1,440               1,579

    Revenues                                                    21,453                 18,228              17,094             15,113              13,397
Operating expenses:
  Cost of services:
    Cost of services before
        reimbursable expenses                                   13,654                 11,652              10,455               9,057               7,508
    Reimbursable expenses                                        1,757                  1,582               1,547               1,440               1,579

    Cost of services                                            15,411                 13,234              12,002             10,497                9,087
  Sales and marketing                                            1,904                  1,708               1,558              1,488                1,459
  General and administrative costs                               1,619                  1,493               1,512              1,340                1,319
  Reorganization costs (benefits)                                   26                    (48)                (89)                29                  (19)

      Total operating expenses                                  18,960                 16,387              14,983             13,355              11,846

Operating income                                                  2,493                 1,841               2,111               1,759               1,551
Gain on investments, net                                             18                     2                  21                   3                  10
Interest income                                                     155                   130                 108                  60                  41
Interest expense                                                    (25)                  (21)                (24)                (22)                (21)
Other (expense) income                                              (22)                  (28)                (11)                 —                   32
Equity in losses of affiliates                                       —                     —                   —                   (2)                 —

Income before income taxes                                        2,619                 1,924               2,206               1,799               1,613
Provision for income taxes                                          896                   491                 697                 576                 566

Income before minority interest                                   1,723                 1,433               1,509               1,223               1,047
Minority interest                                                  (480)                 (460)               (568)               (532)               (549)

      Net income                                            $     1,243         $          973        $        940        $        691        $        498

  (1) Includes the financial impact of the resolution of the NHS matter recorded during fiscal 2006. See “Management’s Discussion and Analysis of Financial
      Condition and Results of Operations—The NHS Contracts.”

  (2) Includes the impact of the adoption of Statement of Financial Accounting Standards No. 123R, “Share−Based Payment.” For additional information, refer
      to Note 11 (Share−Based Compensation) to our Consolidated Financial Statements under “Financial Statements and Supplementary Data.”

  (3) May not total due to rounding.


                                                                            46
                                                                           Year Ended August 31,
                                          2007               2006                 2005                    2004                 2003

Weighted Average Class A
   Common Shares:
Basic                                    604,128,805        589,099,824            588,505,335            553,298,104         468,592,110
Diluted                                  861,923,335        894,257,833            961,124,893          1,003,294,275         997,162,792
Earnings Per Class A Common
   Share:
Basic                                $           2.06   $           1.65       $          1.60      $            1.25    $            1.06
Diluted                              $           1.97   $           1.59       $          1.56      $            1.22    $            1.05
Dividends per Common Share           $           0.35   $           0.30       $            —       $              —     $              —

                                                                                                 As of August 31,
                                                                        2007            2006           2005          2004         2003
                                                                                                   (in millions)

Balance Sheet Data:
Cash and cash equivalents                                           $    3,315        $ 3,067        $ 2,484        $ 2,553      $ 2,332
Working capital                                                          1,009          1,418          1,754          1,745        1,729
Total assets                                                            10,747          9,497          8,957          8,013        6,459
Long−term debt, net of current portion                                       3             27             44             32           14
Shareholders’ equity                                                     2,063          1,894          1,697          1,472          832
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS
     The following discussion and analysis should be read in conjunction with our Consolidated Financial
Statements and related Notes included elsewhere in this Annual Report on Form 10−K. This discussion and
analysis also contains forward−looking statements and should also be read in conjunction with the disclosures
and information contained in “Disclosure Regarding Forward−Looking Statements” and “Risk Factors” in this
Annual Report on Form 10−K.
    We use the terms “Accenture,” “we,” “our Company,” “our” and “us” in this report to refer to Accenture
Ltd and its subsidiaries. All references to years, unless otherwise noted, refer to our fiscal year, which ends on
August 31. For example, a reference to “fiscal 2007” means the 12−month period that ended on August 31,
2007. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal year.
Overview
     Revenues are driven by the ability of our executives to secure new contracts and to deliver solutions and
services that add value to our clients. Our ability to add value to clients and therefore drive revenues depends in
part on our ability to deliver market−leading service offerings and to deploy skilled teams of professionals
quickly and on a global basis.
     Our results of operations are also affected by the economic conditions, levels of business activity and rates
of change in the industries we serve, as well as by the pace of technological change and the type and level of
technology spending by our clients. The ability to identify and capitalize on these market and technological
changes early in their cycles is a key driver of our performance. Although we are continuing to see strong
demand for our services, we continue to expect that revenue growth
                                                          47
rates across our segments may vary from quarter to quarter during fiscal 2008 as economic conditions vary in
different industries and geographic markets.
     Revenues before reimbursements for fiscal 2007 were $19.70 billion, compared with $16.65 billion for fiscal
2006, an increase of 18% in U.S. dollars and 13% in local currency. Revenues before reimbursements for the
fourth quarter of fiscal 2007 were $5.11 billion, compared with $3.97 billion for the fourth quarter of fiscal 2006,
an increase of 29% in U.S. dollars and 23% in local currency.
     Consulting revenues before reimbursements for fiscal 2007 were $11.86 billion, compared with $9.89 billion
for fiscal 2006, an increase of 20% in U.S. dollars and 15% in local currency. For the fourth quarter of fiscal
2007, consulting revenues before reimbursements were $3.04 billion, compared with $2.19 billion for the fourth
quarter of fiscal 2006, an increase of 38% in U.S. dollars and 32% in local currency.
     Outsourcing revenues before reimbursements for fiscal 2007 were $7.84 billion, compared with $6.75 billion
for fiscal 2006, an increase of 16% in U.S. dollars and 12% in local currency. Outsourcing revenues before
reimbursements for the fourth quarter of fiscal 2007 were $2.07 billion, compared with $1.77 billion for the
fourth quarter of fiscal 2006, an increase of 17% in U.S. dollars and 12% in local currency. Outsourcing contracts
typically have longer terms than consulting contracts and generally have lower gross margins than consulting
contracts, particularly in the first year. Long−term relationships with many of our clients continue to contribute
to our success in growing our outsourcing business. Consistent with broader market trends, our recently signed
outsourcing contracts are of shorter duration and therefore of smaller initial total contract value than they have
been in the past. Despite this, our average annualized revenue per contract is steady. Long−term, complex
outsourcing contracts, including their consulting components, require ongoing review of their terms and scope of
work, in light of our clients’ evolving business needs and our performance expectations. Should the size or
number of modifications to these arrangements increase, as our business continues to grow and these contracts
evolve, we may experience increased variability in expected cash flows, revenues and profitability.
     As we are a global company, our revenues are denominated in multiple currencies and may be significantly
affected by currency exchange−rate fluctuations. During the majority of fiscal 2006, the weakening of various
currencies versus the U.S. dollar resulted in an unfavorable currency translation and decreased our reported
revenues, operating expenses and operating income. During the majority of fiscal 2007, the U.S. dollar weakened
against many currencies, resulting in favorable currency translation and greater reported U.S. dollar revenues,
operating expenses and operating income compared to the same period in the prior year. If this trend continues in
fiscal 2008, our U.S. dollar revenue growth will be higher than our growth in local currency. In the future, if the
U.S. dollar strengthens against other currencies, our U.S. dollar revenue growth may be lower than our growth in
local currency.
     The primary categories of operating expenses include cost of services, sales and marketing and general and
administrative costs. Cost of services is primarily driven by the cost of client−service personnel, which consists
mainly of compensation, sub−contractor and other personnel costs, and non−payroll outsourcing costs. Cost of
services as a percentage of revenues is driven by the prices we obtain for our solutions and services, the
utilization of our client−service personnel and the level of non−payroll costs associated with the growth of new
outsourcing contracts. Utilization represents the percentage of our professionals’ time spent on billable work.
Sales and marketing expense is driven primarily by business−development activities, the development of new
service offerings and client−targeting, image−development and brand−recognition activities. General and
administrative costs primarily include costs for non−client−facing personnel, information systems and office
space, which we seek

                                                        48
to manage, as a percentage of revenues, at levels consistent with or lower than levels in prior−year periods.
Operating expenses also include reorganization costs and benefits, which may vary substantially from year to
year.
     Gross margin (revenues before reimbursements less cost of services before reimbursable expenses) as a
percentage of revenues before reimbursements for the three months and year ended August 31, 2007 were 31.2%
and 30.7%, respectively, compared with 34.1% and 30.0%, respectively, for the same periods in fiscal 2006. The
decrease in gross margin as a percentage of revenues before reimbursements for the three months ended August
31, 2007 was principally due to the net impact of the NHS Transfer Agreement in the fourth quarter of fiscal
2006. The increase in gross margin as a percentage of revenues before reimbursements for the year ended
August 31, 2007 was principally due to the net impact during fiscal 2006 of the NHS Transfer Agreement (as
defined below) and the second−quarter fiscal 2006 NHS adjustments, partially offset by higher annual bonus
accruals during fiscal 2007. See “—The NHS Contracts.”
     Our cost−management strategy is to anticipate changes in demand for our services and to identify
cost−management initiatives. A primary element of this strategy is to aggressively plan and manage our payroll
costs to meet the anticipated demand for our services, given that payroll costs are the most significant portion of
our operating expenses.
     Our headcount increased to approximately 170,000 as of August 31, 2007 from approximately 140,000 as of
August 31, 2006. Annualized attrition for the three months and year ended August 31, 2007 was 18%, excluding
involuntary terminations, consistent with the three months and year ended August 31, 2006. We continue to add
substantial numbers of new employees and will continue to actively recruit new employees to balance our mix of
skills and resources to meet current and projected future demands, replace departing employees and expand our
global sourcing approach, which includes our Global Delivery Network and other capabilities around the world.
We have adjusted compensation in fiscal 2007 in certain skill sets and geographies in order to attract and retain
appropriate numbers of qualified employees and we may need to continue to adjust compensation in the future.
As in previous fiscal years, we have adjusted and expect to continue to adjust pricing with the objective of
recovering these increases. Our margins and ability to grow our business could be adversely affected if we do not
continue to manage attrition, recover increases in compensation and effectively assimilate and utilize large
numbers of new employees.
    Sales and marketing and general and administrative costs as a percentage of revenues before reimbursements
were 17.9% for fiscal 2007, compared with 19.2% for fiscal 2006. The decrease in these costs as a percentage of
revenues before reimbursements was primarily due to higher utilization of our client−service personnel on
contracts and our multi−year program to reduce costs as a percentage of revenues before reimbursements.
     Operating income as a percentage of revenues before reimbursements remained flat at 12.6% for the three
months ended August 31, 2007 compared with the three months ended August 31, 2006. Operating income as a
percentage of revenues before reimbursements increased to 12.7% for the year ended August 31, 2007 from
11.1% for the year ended August 31, 2006. Excluding the effects of reorganization benefits, operating income as
a percentage of revenues before reimbursements for the year ended August 31, 2007 increased 2.1 percentage
points compared with the year ended August 31, 2006. The increase was principally due to the net impact during
fiscal 2006 of the NHS Transfer Agreement and the second−quarter fiscal 2006 NHS adjustments, partially offset
by higher annual bonus accruals during fiscal 2007. See “—The NHS Contracts.”
    From time to time we purchase Accenture shares through our open−market purchase program and also
purchase, redeem and exchange Accenture shares held by our current and former senior executives and their
permitted transferees. During the year ended August 31, 2007, we purchased $2,308 million of our shares. This
comprised $441 million for purchases of 13.3 million Accenture Ltd

                                                         49
Class A common shares and $1,867 million for redemptions and purchases of 54.2 million Accenture SCA
Class I common shares and Accenture Canada Holdings Inc. exchangeable shares held by our current and former
senior executives and their permitted transferees.
The NHS Contracts
     We previously entered into certain large, long−term contracts (the “NHS Contracts”) to provide systems and
services to the National Health Service in England (the “NHS”). During the second quarter of fiscal 2006, there
were several developments that significantly increased the risks and uncertainties associated with the NHS
Contracts, and we recorded a $450 million aggregate loss provision that was reflected in Cost of services of our
Government and Products operating groups. On September 28, 2006, we entered into an agreement (the “NHS
Transfer Agreement”) to transfer to a third party all of our rights and obligations under the NHS Contracts,
except those relating to the Picture Archiving Communication System. The NHS Transfer Agreement resulted in
a $339 million reduction in revenues before reimbursements in the fourth quarter of fiscal 2006, which was offset
by a decrease in Cost of services, including a reversal of $396 million of the loss provision recorded in the
second quarter of fiscal 2006. In addition, during the fourth quarter of fiscal 2006, we recorded impairment
writedowns on operational services assets totaling $57 million. These fourth−quarter fiscal 2006 adjustments
were reflected in the operating results of our Government and Products operating groups. During the second
quarter of fiscal 2007, the transfer and substantially all related activities were completed for less than the
maximum $125 million loss we previously estimated we would incur in fiscal 2007, and no material obligations
remain.
Bookings and Backlog
    New contract bookings for the three months ended August 31, 2007 were $4,946 million, with consulting
bookings of $3,129 million and outsourcing bookings of $1,817 million. New contract bookings for the year
ended August 31, 2007 were $21,974 million, with consulting bookings of $12,654 million and outsourcing
bookings of $9,320 million.
     We provide information regarding our new contract bookings because we believe doing so provides useful
trend information regarding changes in the volume of our new business over time. However, new bookings can
vary significantly quarter to quarter depending on the timing of the signing of a small number of large contracts.
Information regarding our new bookings is not comparable to, nor should it be substituted for, an analysis of our
revenues over time. There are no third−party standards or requirements governing the calculation of bookings.
New contract bookings involve estimates and judgments regarding new contracts as well as renewals, extensions
and additions to existing contracts. Subsequent cancellations, extensions and other matters may affect the amount
of bookings previously reported. New contract bookings are recorded using then existing currency exchange
rates and are not subsequently adjusted for currency fluctuations.
     The majority of our contracts are terminable by the client on short notice or without notice. Accordingly, we
do not believe it is appropriate to characterize bookings attributable to these contracts as backlog. Normally, if a
client terminates a project, the client remains obligated to pay for commitments we have made to third parties in
connection with the project, services performed and reimbursable expenses incurred by us through the date of
termination.
Critical Accounting Policies and Estimates
    The preparation of our Consolidated Financial Statements in conformity with U.S. generally accepted
accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the

                                                         50
Consolidated Financial Statements and the reported amounts of revenues and expenses. We continually evaluate
our estimates, judgments and assumptions based on available information and experience. Because the use of
estimates is inherent in the financial reporting process, actual results could differ from those estimates. Certain of
our accounting policies require higher degrees of judgment than others in their application. These include certain
aspects of accounting for revenue recognition, income taxes and defined benefit pension plans.
Revenue Recognition
     Our contracts have different terms based on the scope, deliverables and complexity of the engagement, the
terms of which frequently require Accenture to make judgments and estimates in recognizing revenues. We have
many types of contracts, including time−and−materials contracts, fixed−price contracts and contracts with
features of both of these contract types. In addition, some contracts include incentives related to costs incurred,
benefits produced or adherence to schedule that may increase the variability in revenues and margins earned on
such contracts. We conduct rigorous reviews prior to signing such contracts to evaluate whether these incentives
are reasonably achievable.
     We recognize revenues from technology integration consulting contracts using the
percentage−of−completion method pursuant to the American Institute of Certified Public Accountants Statement
of Position 81−1, “Accounting for Performance of Construction Type and Certain Production−Type Contracts”
(“SOP 81−1”). Percentage−of−completion accounting involves calculating the percentage of services provided
during the reporting period compared with the total estimated services to be provided over the duration of the
contract. Estimated revenues for applying the percentage−of−completion method include estimated incentives for
which achievement of defined goals is deemed probable. This method is followed where reasonably dependable
estimates of revenues and costs can be made. Estimates of total contract revenues and costs are continuously
monitored during the term of the contract, and recorded revenues and costs are subject to revision as the contract
progresses. Such revisions may result in increases or decreases to revenues and income and are reflected in the
Consolidated Financial Statements in the periods in which they are first identified. If our estimates indicate that a
contract loss will occur, a loss provision is recorded in the period in which the loss first becomes probable and
reasonably estimable. Contract losses are determined to be the amount by which the estimated direct and indirect
costs of the contract exceed the estimated total revenues that will be generated by the contract and are included in
Cost of services and classified in Other accrued liabilities. Contract loss provisions recorded as of August, 31,
2007 and 2006 are immaterial.
     Revenues from contracts for non−technology integration consulting services with fees based on time and
materials or cost−plus are recognized as the services are performed and amounts are earned in accordance with
SEC Staff Accounting Bulletin (“SAB”) No. 101, “Revenue Recognition in Financial Statements” (“SAB 101”),
as amended by SAB No. 104, “Revenue Recognition” (“SAB 104”). We consider amounts to be earned once
evidence of an arrangement has been obtained, services are delivered, fees are fixed or determinable, and
collectibility is reasonably assured. In such contracts, our efforts, measured by time incurred, typically represent
the contractual milestones or output measure, which is the contractual earnings pattern. For non−technology
integration consulting contracts with fixed fees, we recognize revenues as amounts become billable in
accordance with contract terms, provided the billable amounts are not contingent, are consistent with the services
delivered, and are earned. Contingent or incentive revenues relating to non−technology integration consulting
contracts are recognized when the contingency is satisfied and we conclude the amounts are earned.
    Outsourcing contracts typically span several years and involve complex delivery, often through multiple
workforces in different countries. In a number of these arrangements, we hire client employees and become
responsible for certain client obligations. Revenues are recognized on

                                                         51
outsourcing contracts as amounts become billable in accordance with contract terms, unless the amounts are
billed in advance of performance of services in which case revenues are recognized when the services are
performed and amounts are earned in accordance with SAB 101, as amended by SAB 104. Revenues from
time−and−materials or cost−plus contracts are recognized as the services are performed. In such contracts, our
effort, measured by time incurred, represents the contractual milestones or output measure, which is the
contractual earnings pattern. Revenues from unit−priced contracts are recognized as transactions are processed
based on objective measures of output. Revenues from fixed−price contracts are recognized on a straight−line
basis, unless revenues are earned and obligations are fulfilled in a different pattern. Outsourcing contracts can
also include incentive payments for benefits delivered to clients. Revenues relating to such incentive payments
are recorded when the contingency is satisfied and we conclude the amounts are earned. We continuously review
and reassess our estimates of contract profitability. Circumstances that potentially affect profitability over the life
of the contract include decreases in volumes of transactions or other inputs/outputs on which we are paid, failure
to deliver agreed benefits, variances from planned internal/external costs to deliver our services, and other factors
affecting revenues and costs.
     Costs related to delivering outsourcing services are expensed as incurred with the exception of certain
transition costs related to the set−up of processes, personnel and systems, which are deferred during the transition
period and expensed evenly over the period outsourcing services are provided. The deferred costs are specific
internal costs or incremental external costs directly related to transition or set−up activities necessary to enable
the outsourced services. Deferred amounts are protected in the event of early termination of the contract and are
monitored regularly for impairment. Impairment losses are recorded when projected undiscounted operating cash
flows of the related contract are not sufficient to recover the carrying amount of contract assets. Amounts billable
to the client for transition or set−up activities are deferred and recognized as revenue evenly over the period
outsourcing services are provided.
     Revenues for contracts with multiple elements are allocated pursuant to Emerging Issues Task Force Issue
00−21, “Accounting for Revenue Arrangements with Multiple Deliverables,” based on the lesser of the element’s
relative fair value or the amount that is not contingent on future delivery of another element. If the amount of
non−contingent revenues allocated to a delivered element is less than the costs to deliver such services, then such
costs are deferred and recognized in future periods when the revenues become non−contingent. Fair value is
determined based on the prices charged when each element is sold separately. Revenues are recognized in
accordance with our accounting policies for the separate elements when the services have value on a stand−alone
basis, fair value of the separate elements exists and, in arrangements that include a general right of refund relative
to the delivered element, performance of the undelivered element is considered probable and substantially in our
control. While determining fair value and identifying separate elements require judgment, generally fair value
and the separate elements are readily identifiable as we also sell those elements unaccompanied by other
elements.
    Revenues recognized in excess of billings are recorded as Unbilled services. Billings in excess of revenues
recognized are recorded as Deferred revenues until revenue recognition criteria are met. Client prepayments
(even if nonrefundable) are deferred and recognized over future periods as services are delivered or performed.
     Our consulting revenues are affected by the number of work days in the fiscal quarter, which in turn is
affected by the level of vacation days and holidays. Consequently, since we typically have approximately 5 to
10 percent more work days in our first and third quarters than in our second and fourth quarters, our consulting
revenues are typically higher in our first and third quarters than in our second and fourth quarters.
                                                          52
     Revenues before reimbursements include the margin earned on computer hardware and software resale
contracts, as well as revenues from alliance agreements, neither of which is material to us. Reimbursements,
including those relating to travel and out−of−pocket expenses, and other similar third−party costs, such as the
cost of hardware and software resales, are included in Revenues, and an equivalent amount of reimbursable
expenses is included in Cost of services.
Income Taxes
     Determining the consolidated provision for income tax expense, income tax liabilities and deferred tax assets
and liabilities involves judgment. As a global company, we calculate and provide for income taxes in each of the
tax jurisdictions in which we operate. This involves estimating current tax exposures in each jurisdiction as well
as making judgments regarding the recoverability of deferred tax assets. Tax exposures can involve complex
issues and may require an extended period to resolve. Changes in the geographic mix or estimated level of annual
income before taxes can affect the overall effective tax rate.
     We apply an estimated annual effective tax rate to our quarterly operating results to determine the provision
for income tax expense. In the event there is a significant unusual or infrequent item recognized in our quarterly
operating results, the tax attributable to that item is recorded in the interim period in which it occurs. Our
effective tax rate for fiscal 2007 was 34.2%, compared with 25.5% for fiscal 2006.
     No taxes have been provided on undistributed foreign earnings that are planned to be indefinitely reinvested.
If future events, including material changes in estimates of cash, working capital and long−term investment
requirements, necessitate that these earnings be distributed, an additional provision for withholding taxes may
apply, which could materially affect our future effective tax rate.
     As a matter of course, we are regularly audited by various taxing authorities, and sometimes these audits
result in proposed assessments where the ultimate resolution may result in us owing additional taxes. We
establish reserves when, despite our belief that our tax return positions are appropriate and supportable under
local tax law, we believe certain positions are likely to be challenged and we may not succeed in realizing the tax
benefit. We evaluate these reserves each quarter and adjust the reserves and the related interest in light of
changing facts and circumstances regarding the probability of realizing tax benefits, such as the progress of a tax
audit or the expiration of a statute of limitations. We believe the estimates and assumptions used to support our
evaluation of tax benefit realization are reasonable. However, final determinations of prior−year tax liabilities,
either by settlement with tax authorities or expiration of statutes of limitations, could be materially different from
estimates reflected in assets and liabilities and historical income tax provisions. The outcome of these final
determinations could have a material effect on our income tax provision, net income, or cash flows in the period
in which that determination is made. We believe our tax positions comply with applicable tax law and that we
have adequately provided for any known tax contingencies.
Defined Benefit Pension Plans
    In the United States and certain other countries, we maintain and administers defined benefit pension plans.
The annual cost of these plans can be significantly affected by changes in assumptions and differences between
expected and actual experience.
    In September 2006, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial
Accounting Standards (“SFAS”) No. 158, “Employers’ Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 106, and 132(R)” (“SFAS No. 158”).
SFAS No. 158 requires companies to prospectively recognize the funded status of

                                                         53
pension and other postretirement benefit plans on the balance sheet. Under SFAS No. 158, gains and losses, prior
service costs and credits and any remaining transition amounts under SFAS No. 87, “Employers’ Accounting for
Pensions,” (“SFAS No. 87”) that have not yet been recognized through pension expense will be recognized in
accumulated other comprehensive income, net of tax, until they are amortized as a component of net periodic
pension/postretirement benefits expense. SFAS No. 87 requires the recognition of an additional minimum
liability if the market value of plan assets is less than the accumulated benefit obligation as the end of the
measurement date. Had Accenture not been required to adopt SFAS No. 158 as of August 31, 2007, we would
have recognized an additional minimum liability pursuant to the provisions of SFAS No. 87. Additionally,
SFAS No. 158 requires companies to measure plan assets and obligations at their year−end balance sheet date.
We adopted the recognition and disclosure provisions as of August 31, 2007 and will adopt the year−end
measurement date provision as of August 31, 2009.
     The adoption of SFAS No. 158 impacted the August 31, 2007 Consolidated Balance Sheet as follows:
increase in assets of $2 million, decrease in liabilities of $24 million, and increase in shareholders’ equity of
$26 million. For additional information, refer to Note 10 (Retirement and Profit Sharing Plans) to our
Consolidated Financial Statements under “Financial Statements and Supplementary Data.”
     We utilize actuarial methods required by SFAS No. 87 to account for our defined benefit pension plans. The
actuarial methods require numerous assumptions to calculate the net periodic pension benefit expense and the
related projected benefit obligation for our defined benefit pension plans. Two of the most significant
assumptions are the discount rates and expected long−term rate of return on plan assets. In making these
assumptions, we are required to consider current market conditions, including changes in interest rates. Changes
in the related net periodic pension costs may occur in the future due to changes in these and other assumptions.
Our assumptions reflect our historical experience and management’s best judgment regarding future
expectations. The assumptions, assets and liabilities used to measure our annual pension expense are determined
as of June 30 or August 31 for our U.S. and non−U.S. benefit plans.
     Key assumptions used to determine annual pension expense are as follows:

                                                                          Pension Benefits
                                              2008                              2007                          2006
                                                     Non−U.S.                        Non−U.S.                        Non−U.S.
                                 U.S. Plans           Plans          U.S. Plans       Plans      U.S. Plans           Plans

Discount rate                          6.25%             5.08%             6.50%         4.68%         5.25%             4.28%
Expected return on plan assets         7.50%             5.97%             7.50%         5.67%         7.50%             5.57%
Rate of increase in future
   compensation                        4.50%             3.84%             4.50%         3.45%         4.50%             3.27%
     Discount Rate
     The discount rate is required to be used in each pension plan actuarial valuation. Our methodology for
selecting the discount rate for our U.S. Plans is to match the plans’ cash flows to that of a yield curve that
provides the equivalent yields on zero−coupon corporate bonds for each maturity. The discount rate assumption
for our Non−U.S. Plans primarily reflects the market rate for high−quality, fixed−income debt instruments. The
discount rate assumptions are based on the expected duration of the benefit payments for each of our pension
plans as of the annual measurement date and is subject to change each year. Our estimated U.S. pension expense
for fiscal 2008 reflects a 25 basis point decrease in our discount rate, while our non−U.S. estimated pension
expense for fiscal 2008 reflects a 40 basis point increase in our discount rate. These changes in discount rate will
increase estimated pension expense in fiscal 2008 by approximately $4.4 million.

                                                                54
    A 25 basis point increase in the discount rate would decrease our annual pension expense by $6.5 million. A
25 basis point decrease in the discount rate would increase our annual pension expense by $6.6 million.
    Expected Return on Plan Assets
     The expected long−term rate of return on plan assets should, over time, approximate the actual long−term
returns on pension plan assets and is based on historical returns and the future expectations for returns for each
asset class, as well as the target asset allocation of the asset portfolio. A 7.50% expected return on plan assets
assumption was used for both fiscal 2008 and 2007 for the U.S. plans, while the expected return on plan assets
assumptions for the non−U.S. plans were 5.97% and 5.67% in fiscal 2008 and 2007, respectively.
    A 25 basis point change in our return on plan assets would change our annual pension expense by
$3.8 million.
     U.S. generally accepted accounting principles include mechanisms that serve to limit the volatility in our
earnings which otherwise would result from recording changes in the value of plan assets and benefit obligations
in our Consolidated Financial Statements in the periods in which those changes occur. For example, while the
expected long−term rate of return on plan assets should, over time, approximate the actual long−term returns,
differences between the expected and actual returns could occur in any given year. These differences contribute
to the deferred actuarial gains or losses, which are then amortized over time. For Accenture, positive market
returns occurred for fiscal 2007 and 2006, causing actual pension plan asset returns to exceed our expected
returns.
    General
    Our U.S. pension plans include plans covering certain U.S. employees and former employees, as well as a
frozen plan related to former pre−incorporation partners. As of August 31, 2007, our U.S. employee plans had a
projected benefit obligation of $840 million and assets of $939 million. No fiscal 2008 contributions will be
required for the U.S. employee pension plans. We have not determined whether we will make additional
voluntary contributions for U.S. employee pension plans in fiscal 2008. The frozen plan for former partners is
unfunded and had a projected benefit obligation of $133 million as of August 31, 2007.
     Non−U.S. pension plan obligations totaled $653 million as of August 31, 2007, while non−U.S. pension
assets totaled $587 million. We contributed $94 million to non−U.S. plans in fiscal 2007 and expect to contribute
approximately $25 million in fiscal 2008.
     Pension expense was $90 million and $151 million for fiscal 2007 and 2006, respectively. Pension expense
for fiscal 2008 is estimated to be approximately $72 million. The fiscal 2008 pension expense estimate
incorporates the 2008 assumptions described above.
Revenues by Segment/Operating Group
     Our five reportable operating segments are our operating groups, which are Communications & High Tech,
Financial Services, Government, Products and Resources. Operating groups are managed on the basis of
revenues before reimbursements because our management believes revenues before reimbursements are a better
indicator of operating group performance than revenues. From time to time, our operating groups work together
to sell and implement certain contracts. The resulting revenues and costs from these contracts may be
apportioned among the participating operating groups. Generally, operating expenses for each operating group
have similar characteristics and are subject to the same factors, pressures and challenges. However, the economic
environment and its effects on the industries served by our operating groups affect revenues and operating
expenses within our operating

                                                         55
groups to differing degrees. The mix between consulting and outsourcing is not uniform among our operating
groups. Local−currency fluctuations also tend to affect our operating groups differently, depending on the
geographic concentrations and locations of their businesses.
    Revenues presented by operating group, geographic region and type of work were as follows:

                                                                                                 Percent of Total
                                                                                                    Revenues
                                                                                                      Before
                                                                                                 Reimbursements
                                                                                      Percent      for the Year
                                                  Year Ended             Percent     Increase         Ended
                                                   August 31,            Increase      Local        August 31,
                                                2007         2006          US$       Currency    2007        2006
                                                  (in millions)

OPERATING GROUPS
  Communications & High
     Tech                                   $     4,600   $    4,177          10%           5%      23%           25%
  Financial Services                              4,357        3,558          22           16       22            22
  Government                                      2,561        2,221          15           12       13            13
  Products                                        4,913        4,011          23           18       25            24
  Resources                                       3,243        2,666          22           17       17            16
  Other                                              22           13         n/m          n/m       —             —

TOTAL Revenues Before
  Reimbursements                                19,696        16,646           18%         13%     100%         100%

  Reimbursements                                  1,757        1,582           11

  TOTAL REVENUES                            $ 21,453      $ 18,228             18%

GEOGRAPHY
 Americas                                   $     8,483   $    7,741           10%          9%      43%           46%
 EMEA(1)                                          9,534        7,644           25          16       48            46
 Asia Pacific                                     1,679        1,261           33          28        9             8

TOTAL Revenues Before
  Reimbursements                            $ 19,696      $ 16,646             18%         13%     100%         100%

TYPE OF WORK
  Consulting                                $ 11,856      $    9,892           20%         15%      60%           59%
  Outsourcing                                  7,840           6,754           16          12       40            41

TOTAL Revenues Before
  Reimbursements                            $ 19,696      $ 16,646             18%         13%     100%         100%

                                                                                                    n/m = not meaningful
  (1) EMEA includes Europe, the Middle East and Africa.

    We conduct business in the following countries that individually comprised more than 10% of consolidated
revenues before reimbursements within the last three years:

                                                                                                 August 31,
                                                                                          2007     2006         2005

United States                                                                              36%      39%           37%
United Kingdom                                                                             14       13            17

                                                                    56
Results of Operations for the Year Ended August 31, 2007 Compared to Year Ended August 31, 2006
Revenues
    Our Communications & High Tech operating group achieved revenues before reimbursements of
$4,600 million for the year ended August 31, 2007, compared with $4,177 million for the year ended August 31,
2006, an increase of 10% in U.S. dollars and 5% in local currency. The increase was driven by outsourcing
growth across all industry groups and all geographic regions and consulting growth in the Asia Pacific and
EMEA regions. This was partially offset by a consulting decline in our Communications industry group in the
Americas region.
    Our Financial Services operating group achieved revenues before reimbursements of $4,357 million for the
year ended August 31, 2007, compared with $3,558 million for the year ended August 31, 2006, an increase of
22% in U.S. dollars and 16% in local currency, with both consulting and outsourcing contributing to the growth.
The increase was primarily driven by growth in the EMEA region across all industry groups, particularly
Banking; and in the Americas region, particularly in our Capital Markets and Insurance industry groups.
    Our Government operating group achieved revenues before reimbursements of $2,561 million for the year
ended August 31, 2007, compared with $2,221 million for the year ended August 31, 2006, an increase of 15% in
U.S. dollars and 12% in local currency. The increase was driven by consulting growth in the EMEA and
Americas regions. Revenue growth was also impacted by a fiscal 2006 $169 million reduction in consulting
revenues associated with the resolution of the NHS matter recorded during the fourth quarter of fiscal 2006. See
“—The NHS Contracts.”
     Our Products operating group achieved revenues before reimbursements of $4,913 million for the year
ended August 31, 2007, compared with $4,011 million for the year ended August 31, 2006, an increase of 23% in
U.S. dollars and 18% in local currency, with both consulting and outsourcing contributing to the growth. The
increase was driven by strong growth in our Consumer Goods & Services and Health & Life Sciences industry
groups in the EMEA region and in our Retail and Health & Life Sciences industry groups in the Americas region.
These increases more than offset an expected revenue decline in our Retail industry group in the EMEA region
during the year ended August 31, 2007 related to a contract termination in the third quarter of fiscal 2006.
Revenue growth was also impacted by a fiscal 2006 $169 million reduction in consulting revenues in our
Health & Life Sciences industry group in the EMEA region associated with the resolution of the NHS matter
recorded during the fourth quarter of fiscal 2006. See “—The NHS Contracts.”
     Our Resources operating group achieved revenues before reimbursements of $3,243 million for the year
ended August 31, 2007, compared with $2,666 million for the year ended August 31, 2006, an increase of 22% in
U.S. dollars and 17% in local currency, primarily driven by strong consulting growth across all geographic
regions and strong outsourcing growth in the EMEA region. We experienced strong growth across all four
industry groups: Energy, Utilities, Chemicals and Natural Resources.
   In the Americas region, we achieved revenues before reimbursements of $8,483 million in fiscal 2007,
compared with $7,741 million for fiscal 2006, an increase of 10% in U.S. dollars and 9% in local currency.
Growth was principally driven by our business in the United States, Brazil and Canada.
    In the EMEA region, we achieved revenues before reimbursements of $9,534 million for fiscal 2007,
compared with $7,644 million for fiscal 2006, an increase of 25% in U.S. dollars and 16% in local currency.
Growth was principally driven by our business in the United Kingdom, Spain, Italy, the Netherlands, Germany
and France.

                                                      57
   In the Asia Pacific region, we achieved revenues before reimbursements of $1,679 million in fiscal 2007,
compared with $1,261 million for fiscal 2006, an increase of 33% in U.S. dollars and 28% in local currency.
Growth was principally driven by our business in Australia, Japan and Singapore.
Operating Expenses
     Operating expenses were $18,960 million in fiscal 2007, an increase of $2,573 million, or 16%, over fiscal
2006, and decreased as a percentage of revenues to 88.4% from 89.9% over this period. Operating expenses
before reimbursable expenses were $17,203 million in fiscal 2007, an increase of $2,398 million, or 16%, over
fiscal 2006, and decreased as a percentage of revenues before reimbursements to 87.3% from 88.9% over this
period. Excluding the effects of reorganization benefits recorded in fiscal 2006, operating expenses as a
percentage of revenues before reimbursements for the year ended August 31, 2007 decreased 2.0 percentage
points compared with the year ended August 31, 2006.
  Cost of Services
     Cost of services was $15,411 million in fiscal 2007, an increase of $2,177 million, or 16%, over fiscal 2006,
and decreased as a percentage of revenues to 71.8% from 72.6% over this period. Cost of services before
reimbursable expenses were $13,654 million in fiscal 2007, an increase of $2,002 million, or 17%, over fiscal
2006, and decreased as a percentage of revenue before reimbursements to 69.3% from 70.0% over this period.
Gross margin (revenues before reimbursements less cost of services before reimbursements as a percentage of
revenues before reimbursements) increased to 30.7% from 30.0% during this period. The decrease in Cost of
services as a percentage of revenues before reimbursements was principally due to the net impact during fiscal
2006 of the NHS Transfer Agreement and the second−quarter fiscal 2006 NHS adjustments, partially offset by
higher annual bonus accruals during fiscal 2007. See “—The NHS Contracts.”
  Sales and Marketing
     Sales and marketing expense was $1,904 million in fiscal 2007, an increase of $196 million, or 12%, over
fiscal 2006, and decreased as a percentage of revenues before reimbursements to 9.7% from 10.2% over this
period. This decrease as a percentage of revenues before reimbursements was primarily due to lower business
and market development costs as a result of higher utilization of our client service personnel on contracts.
  General and Administrative Costs
     General and administrative costs were $1,618 million in fiscal 2007, an increase of $125 million, or 8%,
over fiscal 2006, and decreased as a percentage of revenues before reimbursements to 8.2% from 9.0% during
this period. This decrease as a percentage of revenues before reimbursements was primarily due to lower costs
resulting from our continued efforts to leverage cost efficient locations.
  Reorganization Costs (Benefits)
    We recorded net reorganization costs of $26 million for the year ended August 31, 2007 related to interest
expense associated with our reorganization liabilities. As of August 31, 2007, the remaining liability for
reorganization costs was $401 million, of which $377 million was classified as Other accrued liabilities because
expirations of statutes of limitations could occur within 12 months. During fiscal 2006, we recorded net
reorganization benefits of $48 million, which included a $72 million reduction in reorganization liabilities offset
by $24 million of interest expense associated with carrying

                                                        58
these liabilities. In fiscal 2006, the reduction in liabilities was primarily due to final determinations of certain
reorganization liabilities established in connection with our transition to a corporate structure in 2001. For
additional information, refer to Note 3 (Reorganization Costs (Benefits)) to our Consolidated Financial
Statements under “Financial Statements and Supplementary Data.” We anticipate that reorganization liabilities
will be substantially diminished by the end of fiscal 2008 because we expect final determination 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.
  Operating Income
     Operating income was $2,493 million in fiscal 2007, an increase of $652 million, or 35%, from fiscal 2006.
Operating income as a percentage of revenues before reimbursements was 12.7% and 11.1% in fiscal 2007 and
2006, respectively. Excluding the effects of reorganization benefits during fiscal 2006, Operating income as a
percentage of revenues before reimbursements for the year ended August 31, 2007 increased by 2.1 percentage
points, compared with the year ended August 31, 2006. Operating income for each of the operating groups was
as follows:

                                                                                      Year Ended August 31,
                                                                                                         Effect of
                                                                                      Increase       Reorganization   Net Increase
                                                     2007             2006           (Decrease)        Benefits(1)     (Decrease)
                                                                                           (in millions)

Communications & High Tech                       $      582       $      631        $           (49)     $       17   $        (32)
Financial Services                                      491              388                    103              15            118
Government                                              272               83                    189              11            200
Products                                                669              400                    269              18            287
Resources                                               479              339                    140              11            151

Total                                            $ 2,493          $ 1,841           $           652      $       72   $        724

  (1) Represents the effect of reorganization benefits recorded during the year ended August 31, 2006.

    The following operating income commentary by operating group excludes the effect of reorganization
benefits recorded in fiscal 2006:
    •    Communications & High Tech operating income decreased due to higher compensation costs and a
         decline in contract margins due to a lower proportion of high−margin consulting contracts.

    •    Financial Services operating income increased due to revenue growth, higher utilization and lower sales
         and marketing costs as a percentage of revenues before reimbursements, partially offset by higher
         compensation costs and delivery inefficiencies on certain contracts.

    •    Government operating income increased due to the impact of a $225 million loss provision associated
         with the NHS Contracts recorded during the second quarter of fiscal 2006. The fiscal 2007 operating
         income also reflects consulting revenue growth and improved consulting contract margins, offset by
         higher compensation costs and asset impairments associated with an outsourcing contract recorded
         during the first quarter of fiscal 2007. See “—The NHS Contracts.”

    •    Products operating income increased due to strong revenue growth and lower sales and marketing costs
         as a percentage of revenue before reimbursements, partially offset by higher


                                                                             59
        compensation costs. Operating income also increased due to the impact of a $225 million loss provision
        associated with the NHS Contracts recorded during the second quarter of fiscal 2006, partially offset by
        revenue recognized in connection with a contract termination in our Retail industry group in the EMEA
        region recorded during the third quarter of fiscal 2006. See “—The NHS Contracts.”
    •   Resources operating income increased due to strong revenue growth and improved contract margins,
        partially offset by higher compensation costs.
    Higher compensation costs for the year ended August 31, 2007 resulted from higher annual bonus accruals
and market compensation adjustments in certain skill sets and geographies.
Gain on Investments, Net
     Gain on investments, net was $19 million in fiscal 2007, an increase of $17 million from fiscal 2006. The
increase resulted primarily from a gain on the sale of a remaining investment from our portfolio of investments
that was written down in fiscal 2002.
Interest Income
     Interest income was $155 million in fiscal 2007, an increase of $25 million, or 19%, over fiscal 2006. The
increase resulted primarily from an increase in interest rates and higher average cash balances.
Other Expense
     Other expense was $22 million in fiscal 2007, a decrease of $6 million from fiscal 2006. The decrease
resulted primarily from a decrease in net foreign currency exchange losses.
Provision for Income Taxes
     The effective tax rates for fiscal 2007 and 2006 were 34.2% and 25.5%, respectively. The effective tax rate
increased in 2007 primarily as a result of benefits recorded in fiscal 2006 related to final determinations of
prior−year tax liabilities. Final determinations of prior year tax liabilities, including final agreements with tax
authorities and expirations of statutes of limitations, reduced the annual effective tax rate in 2007 and 2006 by
1.8 and 10.8 percentage points, respectively.
Minority Interest
    Minority interest eliminates the income earned or expense incurred attributable to the equity interest that
some of our current and former senior executives and their permitted transferees have in our Accenture SCA and
Accenture Canada Holdings Inc. subsidiaries. See “Business—Organizational Structure.” The resulting net
income of Accenture Ltd represents the income attributable to the shareholders of Accenture Ltd. Since January
2002, minority interest has also included immaterial amounts primarily attributable to minority shareholders in
our Avanade Inc. subsidiary.
     Minority interest was $480 million in fiscal 2007, an increase of $20 million, or 4%, from fiscal 2006. The
increase was primarily due to an increase in income before minority interest of $290 million, partially offset by a
reduction in the Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable
shares average ownership interests to 27% for the year ended August 31, 2007 from 32% for the year ended
August 31, 2006.

                                                         60
Earnings Per Share
     Diluted earnings per share were $1.97 in fiscal 2007, compared with $1.59 in fiscal 2006. Our earnings per
share for the year ended August 31, 2006 were reduced by $0.26 due to the net impact of the second−quarter
fiscal 2006 NHS adjustments. See “— The NHS Contracts.” This reduction of earnings per share was partially
offset by increases of $0.08 resulting from the impact of reorganization benefits and $0.16 resulting from the
impact of tax benefits recorded in June 2006. For information regarding our earnings per share calculation, see
Note 2 (Earnings Per Share) to our Consolidated Financial Statements under “Financial Statements and
Supplementary Data.”
Results of Operations for the Year Ended August 31, 2006 Compared to Year Ended August 31, 2005
      Revenues presented by operating group, geographic region and type of work were as follows:

                                                                                           Percent of Total
                                                                                              Revenues
                                                                                                Before
                                                                                           Reimbursements
                                                                 Percent       Percent       for the Year
                                      Year Ended                 Increase     Increase          Ended
                                       August 31,               (Decrease)      Local         August 31,
                                    2006         2005              US$        Currency     2006        2005
                                      (in millions)

OPERATING GROUPS
Communications & High
  Tech                          $    4,177    $    4,001                4%           6%        25%         26%
  Financial Services                 3,558         3,408                4            7         22          22
  Government                         2,221         2,172                2            4         13          14
  Products                           4,011         3,570               12           15         24          23
  Resources                          2,666         2,389               12           12         16          15
  Other                                 13             7              n/m          n/m         —           —

TOTAL Revenues Before
  Reimbursements                    16,646        15,547                 7%          9%       100%        100%

       Reimbursements                1,582         1,547                 2

       TOTAL REVENUES           $ 18,228      $ 17,094                   7%

GEOGRAPHY
 Americas                       $    7,741    $    6,730                15%         14%        46%         43%
 EMEA                                7,644         7,735                (1)          3         46          50
 Asia Pacific                        1,261         1,082                17          20          8           7

TOTAL Revenues Before
  Reimbursements                $ 16,646      $ 15,547                   7%          9%       100%        100%

TYPE OF WORK
  Consulting                    $    9,892    $    9,559                 3%          6%        59%         61%
  Outsourcing                        6,754         5,988                13          14         41          39

TOTAL Revenues Before
  Reimbursements                $ 16,646      $ 15,547                   7%          9%       100%        100%

n/m = not meaningful

                                                           61
Revenues
    Our Communications & High Tech operating group achieved revenues before reimbursements of
$4,177 million in fiscal 2006, compared with $4,001 million in fiscal 2005, an increase of 4% in U.S. dollars and
6% in local currency. The increase was primarily due to revenue growth in our Electronics & High Tech industry
group across all geographic regions, consulting growth in the Americas and Asia Pacific regions and outsourcing
growth in the EMEA and Asia Pacific regions.
     Our Financial Services operating group achieved revenues before reimbursements of $3,558 million in fiscal
2006, compared with $3,408 million in fiscal 2005, an increase of 4% in U.S. dollars and 7% in local currency.
The increase was driven by revenue growth in our Banking industry group across all regions and in our Insurance
industry group in the Americas and Asia Pacific regions. This revenue growth was partially offset by revenue
declines in our Capital Markets industry group in the Americas and EMEA regions and in our Insurance industry
group in the EMEA region.
     Our Government operating group achieved revenues before reimbursements of $2,221 million in fiscal 2006,
compared with $2,172 million in fiscal 2005, an increase of 2% in U.S. dollars and 4% in local currency. The
increase was due to strong outsourcing revenue growth across all geographic regions, partially offset by a
$169 million reduction in consulting revenues associated with the resolution of the NHS matter recorded during
the fourth quarter of fiscal 2006. See “— The NHS Contracts.”
     Our Products operating group achieved revenues before reimbursements of $4,011 million in fiscal 2006,
compared with $3,570 million in fiscal 2005, an increase of 12% in U.S. dollars and 15% in local currency, with
both consulting and outsourcing contributing to the growth in revenues. The increase was primarily driven by
strong revenue growth in the Americas region, particularly in our Health & Life Sciences, Retail, Consumer
Goods & Services and Industrial Equipment industry groups. Our Consumer Goods & Services and Industrial
Equipment industry groups also had strong growth in the EMEA region. In addition, Products revenues were
positively affected by revenues recognized in connection with a contract termination in our Retail industry group
in the EMEA region during the third quarter of fiscal 2006. These increases were partially offset by a
$169 million reduction in consulting revenues associated with the resolution of the NHS matter recorded during
the fourth quarter of fiscal 2006. See “— The NHS Contracts.”
     Our Resources operating group achieved revenues before reimbursements of $2,666 million in fiscal 2006,
compared with $2,389 million in fiscal 2005, an increase of 12% in both U.S. dollars and local currency, with
both consulting and outsourcing contributing to the growth in revenues. We experienced strong revenue growth
in our Energy, Chemicals and Natural Resources industry groups across all geographic regions. In our Utilities
industry group, we had strong growth in the Americas region, offset by revenue declines in the EMEA and Asia
Pacific regions.
    In the Americas region achieved revenues before reimbursements of $7,741 million in fiscal 2006, compared
with $6,730 million for fiscal 2005, an increase of 15% in U.S. dollars and 14% in local currency. Growth was
primarily due to our business in the United States, Canada and Brazil.
     In the EMEA region recorded revenues before reimbursements of $7,644 million for fiscal 2006, compared
with $7,735 million for fiscal 2005, a decrease of 1% in U.S. dollars and an increase of 3% in local currency. The
decrease was primarily due to a decline in our business in the United Kingdom, including the impact of a
$339 million reduction in consulting revenues associated with the resolution of the NHS matter recorded during
the fourth quarter of fiscal 2006. See “— The NHS Contracts.” This decline was partially offset by growth in our
business in Italy, Ireland, France, Belgium, the Netherlands, Germany and Spain.

                                                       62
     In the Asia Pacific region achieved revenues before reimbursements of $1,261 million in fiscal 2006,
compared with $1,082 million for fiscal 2005, an increase of 17% in U.S. dollars and 20% in local currency. The
increase in revenues was primarily driven by our business in Australia, China and Japan.
Operating Expenses
     Operating expenses were $16,387 million in fiscal 2006, an increase of $1,404 million, or 9%, over fiscal
2005 and increased as a percentage of revenues to 90% in fiscal 2006 from 88% in fiscal 2005. As a percentage
of revenues before reimbursements, operating expenses before reimbursable expenses were 89% and 86% in
fiscal 2006 and 2005, respectively. Operating expenses for fiscal 2006 included share−based compensation
expense of $271 million, or 2% of revenues before reimbursements, compared with share−based compensation
expense of $88 million, or 1% of revenues before reimbursements, for fiscal 2005. Effective September 1, 2005,
we adopted SFAS No. 123R, “Share Based Payment”, resulting in a change in our method of recognizing
share−based compensation expense. Specifically, we now record compensation expense for employee stock
options and for our employee share purchase plan. Had we expensed employee stock options and employee share
purchase rights during fiscal 2005, we estimate that operating expenses would have included $306 million in
total share−based compensation expense, or 2% of revenues before reimbursements.
Cost of Services
     Cost of services was $13,234 million in fiscal 2006, an increase of $1,232 million, or 10%, over fiscal 2005
and an increase as a percentage of revenues to 73% in fiscal 2006 from 70% in fiscal 2005. Cost of services
before reimbursable expenses was $11,652 million in fiscal 2006, an increase of $1,198 million, or 11%, from
fiscal 2005. Cost of services before reimbursable expenses increased as a percentage of revenues before
reimbursements to 70% in fiscal 2006 from 67% in fiscal 2005. Gross margins (revenues before reimbursements
less cost of services before reimbursements) decreased to 30.0% of revenues before reimbursements in fiscal
2006 from 32.8% in fiscal 2005.
    The increase in Cost of services and the decrease in gross margins as a percentage of revenues before
reimbursements were due primarily to operating losses associated with the net impact of the NHS Transfer
Agreement and the second−quarter NHS adjustments. See “— The NHS Contracts.”
Sales and Marketing
     Sales and marketing expense was $1,708 million in fiscal 2006, an increase of $150 million, or 10%, over
fiscal 2005 and increased as a percentage of revenues before reimbursements to 10.2% in fiscal 2006 from 10.0%
in fiscal 2005.
General and Administrative Costs
     General and administrative costs were $1,493 million in fiscal 2006, a decrease of $19 million, or 1%, from
fiscal 2005 and decreased as a percentage of revenues before reimbursements to 9.0% in fiscal 2006 from 9.7%
in fiscal 2005. The decrease was primarily due to lower spending in geographic facilities and technology costs.
Reorganization Benefits
     We recorded net reorganization benefits of $48 million during fiscal 2006, which included a $72 million
reduction in reorganization liabilities offset by $24 million of interest expense associated with carrying these
liabilities. As of August 31, 2006, the remaining liability for reorganization costs

                                                         63
was $351 million, of which $267 million was classified as current liabilities because expirations of statutes of
limitations could occur within 12 months. During fiscal 2005, we recorded net reorganization benefits of
$89 million, which included a $115 million reduction in reorganization liabilities offset by $26 million of interest
expense associated with carrying these liabilities. In both periods, the reduction in liabilities was primarily due to
final determinations of certain reorganization liabilities established in connection with our transition to a
corporate structure in 2001. For additional information, refer to Note 3 (Reorganization Costs (Benefits)) to our
Consolidated Financial Statements under “Financial Statements and Supplementary Data.” We anticipate that
reorganization liabilities will be substantially diminished by the end of fiscal 2008 because the final statutes of
limitations will have expired in a number of tax jurisdictions by the end of that year. However, tax audits or
litigation may delay final settlements. Final settlement will result in a payment on a final settlement and/or
recording a reorganization benefit or cost in our Consolidated Income Statement.
Operating Income
    Operating income was $1,841 million in fiscal 2006, a decrease of $270 million, or 13%, from fiscal 2005.
Operating income as a percentage of revenues before reimbursements was 11.1% and 13.6% in fiscal 2006 and
2005, respectively. Excluding the effects of Reorganization benefits during fiscal 2006, Operating income as a
percentage of revenues before reimbursements would have decreased by 0.5 percentage points. Had we expensed
employee stock options and employee share purchase rights during fiscal 2005 and adjusted for Reorganization
benefits, operating income as a percentage of revenues before reimbursements for fiscal 2005 would have
decreased by 2.2 percentage points. The decreases in operating income and operating income as a percentage of
revenues before reimbursements were principally due to operating losses associated with the net impact of the
NHS Transfer Agreement and the second−quarter NHS adjustments, partially offset by lower general and
administrative costs as a percentage of revenues before reimbursements. See “— The NHS Contracts.”
        Operating income for each of the operating groups was as follows:

                                                                                   Year Ended August 31,
                                                                                                                     Effect of                Net
                                                                                                                  Reorganization            Increase
                                             2006           2005        Decrease         Adjustments(1)             Benefits(2)            (Decrease)
                                                                                         (in millions)

Communications & High Tech               $     631      $     673      $         (42)    $                52      $                11     $           21
Financial Services                             388            500               (112)                     52                       11                (49)
Government                                      83            169                (86)                     27                        6                (53)
Products                                       400            413                (13)                     52                        9                 48
Resources                                      339            356                (17)                     35                        6                 24

Total                                    $ 1,841        $ 2,111        $        (270)    $              218       $                43     $           (9)

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



                                                                           64
   (2) Reorganization benefits recorded during the period were allocated to the reportable operating groups as follows:

                                                                                                                             Year Ended August 31,
                                                                                                                          2006       2005       Change
                                                                                                                                  (in millions)

Communications & High Tech                                                                                                $ (17)   $   (28)   $     11
Financial Services                                                                                                          (15)       (26)         11
Government                                                                                                                  (11)       (17)          6
Products                                                                                                                    (18)       (27)          9
Resources                                                                                                                   (11)       (17)          6

Total                                                                                                                     $ (72)   $ (115)    $     43


     The following commentary includes the effect on Operating income had we expensed employee stock
options and employee share purchase rights in fiscal 2005 and adjusted for reorganization benefits recorded
during fiscal 2006 and 2005:
        •   Communications & High Tech operating income increased due to revenue growth, principally in our
            Electronics & High Tech industry group across all geographic regions and improved gross margins,
            primarily in the EMEA and Asia Pacific regions.

        •   Financial Services operating income decreased due to lower gross margins from increased payroll costs
            earlier in the year and delivery inefficiencies on a small number of contracts, partially offset by revenue
            growth in our Banking industry group across all regions and in our Insurance industry group in the
            Americas and Asia Pacific regions.

        •   Government operating income decreased principally due to the NHS Contracts’ operating losses of
            $225 million associated with the net impact of the NHS Transfer Agreement and the second−quarter
            NHS adjustments, partially offset by strong gross margins in outsourcing and increased profitability on
            certain consulting contracts. See “— The NHS Contracts.”

        •   Products operating income increased due to strong revenue growth, principally in the Americas region,
            improved gross margins, and lower combined sales and marketing and general and administrative costs
            as a percentage of revenues before reimbursements. In addition, Products operating income was
            positively affected by revenues recognized in connection with a contract termination in our Retail
            industry group in the EMEA region during the third quarter of fiscal 2006. These increases were partially
            offset by the NHS Contracts’ operating losses of $225 million associated with the net impact of the NHS
            Transfer Agreement and the second− quarter NHS adjustments. See “— The NHS Contracts.”

        •   Resources operating income increased due to strong revenue growth in our Energy, Chemicals and
            Natural Resources industry groups across all geographic regions and lower sales and marketing costs.
Gain on Investments, Net
     Gain on investments, net was $2 million in fiscal 2006, a decrease of $19 million from fiscal 2005. The
fiscal 2005 gain on investments, net reflects gains on our retained interests in our venture and investment
portfolio, which we sold in fiscal 2003.
Interest Income
     Interest income was $130 million in fiscal 2006, an increase of $21 million, or 20%, over fiscal 2005. The
increase resulted primarily from an increase in interest rates.

                                                                               65
Other Expense
     Other expense was $28 million in fiscal 2006, an increase of $17 million over fiscal 2005. The increase
resulted primarily from an increase in net foreign currency exchange losses.
Provision for Income Taxes
     The effective tax rates for fiscal 2006 and 2005 were 25.5% and 31.6%, respectively. The effective tax rate
decreased in 2006 primarily as a result of benefits related to final determinations of prior−year tax liabilities and
a 3.8 percentage point benefit related to updated estimates of the probable future benefit of certain deferred tax
assets. Final determinations of prior year tax liabilities, including final agreements with tax authorities and
expirations of statutes of limitations, reduced the annual effective tax rate in 2006 and 2005 by 10.8 and
6.4 percentage points, respectively. The decrease in reorganization liabilities in fiscal 2006 and 2005 reduced the
annual effective tax rate by 0.9 and 1.4 percentage points, respectively. These reductions in the 2006 tax rate
were partially offset by increases in the tax rate of 1.6 percentage points related to changes in our geographic mix
of income, including decreases in UK income resulting from NHS contract losses and increases in other
nondeductible items.
Minority Interest
    Minority interest eliminates the income earned or expense incurred attributable to the equity interest that
some of our current and former senior executives and their permitted transferees have in our Accenture SCA and
Accenture Canada Holdings Inc. subsidiaries. See “Business—Organizational Structure.” The resulting net
income of Accenture Ltd represents the income attributable to the shareholders of Accenture Ltd. Since January
2002, minority interest has also included immaterial amounts primarily attributable to minority shareholders in
our Avanade Inc. subsidiary.
    Minority interest was $460 million in fiscal 2006, a decrease of $109 million, or 19%, from fiscal 2005. The
decrease was primarily due to lower Net income and a reduction in the Accenture SCA Class I common shares
and Accenture Canada Holdings Inc. exchangeable shares average ownership interests to 32% for the year ended
August 31, 2006 from 37% for the year ended August 31, 2005.
Earnings Per Share
    Diluted earnings per share were $1.59 in fiscal 2006, compared with $1.56 in fiscal 2005. For fiscal 2005,
had we expensed employee stock options and employee share purchase rights, our reported diluted earnings per
share would have been $1.40. For information regarding our earnings per share calculation, see Note 2 (Earnings
Per Share) to our Consolidated Financial Statements under “Financial Statements and Supplementary Data.”
Liquidity and Capital Resources
     Our primary sources of liquidity are cash flows from operations, debt capacity available under various credit
facilities and available cash reserves. We may also be able to raise additional funds through public or private debt
or equity financings in order to:
    •   take advantage of opportunities, including more rapid expansion;

    •   acquire complementary businesses or technologies;

    •   develop new services and solutions;

    •   respond to competitive pressures; or

    •   facilitate purchases, redemptions and exchanges of Accenture shares.


                                                         66
     As of August 31, 2007, cash and cash equivalents of $3,314 million combined with $300 million of liquid
fixed−income securities that are classified as investments in our Consolidated Balance Sheet totaled
$3,614 million, compared with $3,530 million as of August 31, 2006, an increase of $84 million.
     Cash flows from operating, investing and financing activities, as reflected in our Consolidated Cash Flows
Statements, are summarized in the following table:

                                                                          Year Ended August 31,
                                                                                                       2007 to 2006
                                                        2007(1)           2006            2005           Change
                                                                                 (in millions)

Net cash provided by (used in):
  Operating activities                                 $     2,631    $    2,668      $    1,887       $        (37)
  Investing activities                                        (350)         (243)           (575)              (107)
  Financing activities                                      (2,128)       (1,944)         (1,377)              (184)
Effect of exchange rate changes on cash and cash
  equivalents                                                  95            102                 (4)             (7)

Net increase (decrease) in cash and cash equivalents   $      247     $      583      $      (69)      $       (335)

  (1) May not total due to rounding.

    Operating activities: The $37 million decrease in cash provided by was primarily due to changes in
operating assets and liabilities, including payments of approximately $176 million to the NHS in connection with
the NHS Transfer Agreement, partially offset by higher Net income.
    Investing activities: The $107 million increase in cash used was primarily due to an increase in the
purchases of marketable securities and property and equipment, partially offset by an increase in proceeds from
marketable securities and lower spending on business acquisitions during fiscal 2007 compared to fiscal 2006.
    Financing activities: The $184 million increase in cash used was primarily driven by an increase in
purchases of common shares and an increase in cash dividends paid, partially offset by a $51 million increase in
cash received for Accenture Ltd Class A common shares issued under Accenture’s employee share programs. For
additional information, see Note 13 (Material Transactions Affecting Shareholders’ Equity) to our Consolidated
Financial Statements under “Financial Statements and Supplementary Data.”
     We believe that our available cash balances and the cash flows expected to be generated from operations
will be sufficient to satisfy our current and planned working capital and investment needs for the next 12 months.
We also believe that our longer−term working capital and other general corporate funding requirements will be
satisfied through cash flows from operations and, to the extent necessary, from our borrowing facilities and
future financial market activities.

                                                       67
Borrowing Facilities
     As of August 31, 2007, we had the following borrowing facilities, including the issuance of letters of credit,
to support general working capital purposes:

                                                                                                                                             Borrowings
                                                                                                                               Facility         Under
                                                                                                                               Amount          Facilities
                                                                                                                                      (in millions)

Syndicated loan facility(1)                                                                                                   $     1,200          $                —
Separate bilateral, uncommitted, unsecured multicurrency revolving credit
  facilities(2)                                                                                                                        350                           1
Local guaranteed and non−guaranteed lines of credit(3)                                                                                 139                          —

Total                                                                                                                         $     1,689          $                  1

  (1) On July 12, 2007, the maturity of our existing $1.2 billion syndicated loan facility was extended one year, resulting in a current maturity of July 31, 2012.
      This facility provides unsecured, revolving borrowing capacity for general working capital purposes, including the issuance of letters of credit. Financing
      is provided under this facility at the prime rate or at the London Interbank Offered Rate plus a spread. This facility requires us to: (1) limit liens placed on
      our assets to (a) liens incurred in the ordinary course of business (subject to certain qualifications) and (b) other liens securing obligations not to exceed
      30% of our consolidated assets; and (2) maintain a debt−to−cash−flow ratio not exceeding 1.75 to 1.00. We continue to be in compliance with these terms.
      As of August 31, 2007 and 2006, we had no borrowings under the facility. The facility is subject to annual commitment fees.

  (2) We maintain three separate bilateral, uncommitted, unsecured multicurrency revolving credit facilities. These facilities provide local−currency financing
      for the majority of our operations. Interest rate terms on the bilateral revolving facilities are at market rates prevailing in the relevant local markets. As of
      August 31, 2007 and 2006, we had $1 million and $2 million, respectively, of borrowings under these facilities.

  (3) We also maintain local guaranteed and non−guaranteed lines of credit for those locations that cannot access our global facilities. As of August 31, 2007
      and 2006, we had no borrowings under these various facilities.

     Under the borrowing facilities described above, we had an aggregate of $164 million and $153 million of
letters of credit outstanding as of August 31, 2007 and 2006, respectively. In addition, we had no other
short−term borrowings as of August 31, 2007 and 2006.
    We also had total outstanding debt of $25 million and $50 million as of August 31, 2007 and 2006,
respectively, which was primarily incurred in conjunction with the purchase of Accenture HR Services.
Share Purchases and Redemptions
     The Board of Directors of Accenture Ltd has authorized funding for our publicly announced open−market
share purchase program for acquiring Accenture Ltd Class A common shares and for redemptions and
repurchases of Accenture Ltd Class A common shares, Accenture SCA Class I common shares and Accenture
Canada Holdings Inc. exchangeable shares held by our current and former senior executives and their permitted
transferees. Effective as of March 24, 2006, the Board of Directors of Accenture Ltd authorized an additional
$1.5 billion for the purchase, redemption and exchange from time to time of our shares, including open−market
share purchases. Effective as of March 2, 2007, the Board of Directors of Accenture Ltd authorized an additional
$1.5 billion for the purchase, redemption and exchange from time to time of our shares. In addition, during the
year ended August 31, 2007, the Board of Directors of Accenture Ltd separately authorized funding for two
discounted tender offers for Accenture SCA Class I common shares.

                                                                                  68
        A summary of our share purchase activity for cash during the year ended August 31, 2007 is as follows:

                                                                                Accenture SCA Class I
                                                                                 Common Shares and
                                                                                   Accenture Canada
                                                Accenture Ltd Class A                Holdings Inc.
                                                  Common Shares                 Exchangeable Shares(4)                                      Total
                                                 Shares        Amount             Shares        Amount                             Shares             Amount
                                                                 (in millions, except share amounts)

Open−Market Share Purchases                        1,988,773        $       79                     —          $       —            1,988,773         $       79
Discounted Tender Offers(1)                               —                 —              16,538,239                485          16,538,239                485
Other Share Purchase Programs                      9,858,011               309(2)          37,640,287              1,382          47,498,298              1,691
Other purchases(3)                                 1,430,629                53                     —                  —            1,430,629                 53

Total                                            13,277,413         $      441             54,178,526         $    1,867          67,455,939         $    2,308

  (1) On September 11, 2006, Accenture SCA and one of its subsidiaries made a tender offer to Accenture SCA Class I common shareholders that resulted in
      share redemptions and purchases, effective October 11, 2006, of 7,538,172 shares at a price of $24.75 per share, resulting in a cash outlay of approximately
      $187 million. On March 8, 2007, Accenture SCA and one of its subsidiaries made a tender offer to Accenture SCA Class I common shareholders that
      resulted in share redemptions and purchases, effective April 9, 2007, of 9,000,067 shares at a price of $33.00 per share, resulting in a cash outlay of
      approximately $298 million.

  (2) On November 13, 2006, Accenture Finance (Gibraltar) Ltd, an indirect subsidiary of Accenture SCA, purchased 1,979,450 Accenture Ltd Class A
      common shares at a price of $24.75 per share, resulting in a cash outlay of approximately $49 million. On May 15, 2007, Accenture Equity Finance B.V.,
      an indirect subsidiary of Accenture SCA, purchased 7,878,561 Accenture Ltd Class A common shares at a per share price of $33.00 or our local currency
      equivalent based on exchange rates applicable on April 4, 2007, resulting in a cash outlay of approximately $260 million. Shares in both transactions were
      purchased from certain former senior executives residing outside the United States.

  (3) During the year ended August 31, 2007, as authorized under our various employee equity share plans, we acquired Accenture Ltd Class A common shares
      primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture Ltd
      Class A common shares under those plans.

  (4) Historically, we have recorded redemptions and purchases of Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable
      shares (collectively, “Subsidiary Shares”) as a reduction to Additional paid−in−capital. During the year ended August 31, 2007, funds used to acquire
      Subsidiary Shares more than offset the available balance in Additional paid−in−capital. As a result, we began deducting incremental purchases of
      Subsidiary Shares from Retained earnings. Future redemptions and purchases of Subsidiary Shares will be recorded against Additional paid−in−capital, to
      the extent it is available, and any incremental purchases will be recorded against Retained earnings.

    As of August 31, 2007, our available authorization was $1,650 million, which included $900 million and
$750 million for the open−market share purchase program and other share purchase programs, respectively.
Open−Market Purchases
    Accenture has conducted a publicly announced, open−market share purchase program for Accenture Ltd
Class A common shares. These purchased shares are currently utilized to provide for select employee benefits,
such as equity awards to our senior executives. These shares are held by one or more subsidiaries of Accenture
Ltd and are treated as treasury shares.
Other Share Redemptions
     On May 15, 2007, we filed a registration statement on Form S−3 relating to 203,349,557 of Accenture Ltd
Class A common shares (the “registration statement”). The registration statement allows us, at our option, to
issue freely tradable Accenture Ltd Class A common shares in lieu of cash upon redemptions of Accenture SCA
Class I common shares held by Accenture’s senior executives, former executives and their permitted transferees.
During fiscal 2007, we issued 3,185,481 Accenture Ltd Class A common shares upon redemptions of an
equivalent number of Accenture SCA Class I common shares.

                                                                              69
Senior Executive Ownership Requirements
    To ensure that senior executives continue to maintain equity ownership levels that Accenture considers
meaningful, we require current senior executives to comply with the Accenture Senior Executive Equity
Ownership Policy. This policy requires senior executives to own Accenture equity valued at a multiple (ranging
from 1 to 6) of their base compensation determined by their position level.
Senior Executive Trading Policy
     In July 2005, we implemented a Senior Executive Trading Policy applicable to our senior executives that
provides, among other things, that covered shares held by actively employed senior executives will be subject to
company−imposed quarterly trading guidelines. We set allocation limits of unrestricted covered shares based on
a composite average weekly volume of trading in Accenture Ltd Class A common shares. These guidelines allow
us to manage the total number of shares redeemed, sold or otherwise transferred by our senior executives in any
calendar quarter. The policy guidelines, which can be adjusted by management, are not legal or contractual
restrictions, however, and there is a risk that the internal sanctions available to us might not adequately dissuade
individual employees from attempting transfers in excess of the amounts permitted under the policy. The Senior
Executive Trading Policy also prohibits senior executives from trading in any Accenture equity during any
company−designated black−out period.
Subsequent Development
    On September 25, 2007, Accenture Ltd declared a cash dividend of $0.42 per share on our Class A common
shares for shareholders of record at the close of business on October 12, 2007. Accenture Ltd will cause
Accenture SCA to declare a cash dividend of $0.42 per share on its Class I common shares for shareholders of
record at the close of business on October 9, 2007. Both dividends are payable on November 15, 2007.
Obligations and Commitments
    As of August 31, 2007, we had the following obligations and commitments to make future payments under
contracts, contractual obligations and commercial commitments:

                                                                                          Payments due by period
Contractual
Cash
Obligations                                              Total       Less than 1 year            1−3 years      3−5 years             More than 5 years
                                                                                                  (in millions)

Long−term debt                                       $       25     $                   23      $          2      $         —        $                      —
Operating leases                                          2,305                        388               574               360                             983
Retirement obligations(1)                                   187                         39                64                28                              56
Other commitments(2)                                        162                        100                53                 9                              —

Total                                                $ 2,679        $                  550      $        693      $        397       $                    1,039

  (1) This represents projected payments under certain unfunded retirement plans for former pre−incorporation partners. Because both of these plans are
      unfunded, we pay these benefits directly. These plans were eliminated for active partners after May 15, 2001.

  (2) Other commitments include, among other things, information technology, software support and maintenance obligations, as well as other obligations in the
      ordinary course of business that we cannot cancel or where we would be required to pay a termination fee in the event of cancellation. Amounts shown do
      not include recourse that we may have to recover termination fees or penalties from clients.



                                                                             70
Off−Balance Sheet Arrangements
     We have various agreements by which we may be obligated to indemnify the other party with respect to
certain matters. Generally, these indemnification provisions are included in contracts arising in the normal course
of business under which we customarily agree to hold the indemnified party harmless against losses arising from
a breach of representations related to such matters as title to assets sold, licensed or certain intellectual property
rights and other matters. Payments by us under such indemnification clauses are generally conditioned on the
other party making a claim. Such claims are generally subject to challenge by us and dispute resolution
procedures specified in the particular contract. Furthermore, our obligations under these arrangements may be
limited in terms of time and/or amount and, in some instances, we may have recourse against third parties for
certain payments made by us. It is not possible to predict the maximum potential amount of future payments
under these indemnification agreements due to the conditional nature of our obligations and the unique facts of
each particular agreement. Historically, we have not made any payments under these agreements that have been
material individually or in the aggregate. As of August 31, 2007, we were not aware of any obligations under
such indemnification agreements that would require material payments.
     From time to time, we enter into contracts with clients whereby we have joint and several liability with other
participants and/or third parties providing related services and products to clients. Under these arrangements, we
and other parties may assume some responsibility to the client or a third party for the performance of others
under the terms and conditions of the contract with or for the benefit of the client or in relation to the
performance of certain contractual obligations. To date, we have not been required to make any payments under
any of the contracts described in this paragraph. For further discussion of these transactions, see Note 15
(Commitments and Contingencies) to our Consolidated Financial Statements under “Financial Statements and
Supplementary Data.”
Recently Adopted Accounting Pronouncements
     As of August 31, 2007, we adopted the recognition and disclosure requirements of SFAS No. 158. The
effect of adopting SFAS No. 158 on our Consolidated Balance Sheet as of August 31, 2007 has been included in
the accompanying 2007 Consolidated Financial Statements. We are currently assessing the impact of the change
in measurement date on our Consolidated Financial Statements. For additional information, see Note 10
(Retirement and Profit Sharing Plans) to our Consolidated Financial Statements under “Financial Statements and
Supplementary Data.”
     In September 2006, the Securities and Exchange Commission (the “SEC”) issued Staff Accounting
Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in
Current Year Financial Statements” (“SAB No. 108”). SAB No. 108 provides guidance on the consideration of
the effects of prior year misstatements in quantifying current year misstatements for the purpose of a materiality
assessment. SAB No. 108 is effective for fiscal years ending after November 15, 2006 and, as a result, is
effective for our fiscal year ending August 31, 2007. The adoption of SAB 108 did not have a material impact on
our Consolidated Financial Statements.
New Accounting Pronouncements
     In July 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation No. 48,
“Accounting for Uncertainty in Income Taxes−an interpretation of FASB Statement No. 109” (“FIN 48”), which
is a change in accounting for income taxes. FIN 48 specifies how tax benefits for uncertain tax positions are to be
recognized, measured and derecognized in financial statements; requires certain disclosures of uncertain tax
matters; specifies how reserves for uncertain tax positions should be classified in the balance sheet; and provides
transition and interim−period guidance, among other provisions. FIN 48 is effective for fiscal years beginning
after December 15, 2006 and, as a

                                                         71
result, is effective for us beginning September 1, 2007. Upon adoption, the cumulative effect of applying the
provisions of FIN 48 will be reported as an adjustment to the opening balance of retained earnings.
    We have substantially completed the process of evaluating the effect of FIN 48 on our Consolidated
Financial Statements as of the beginning of the period of adoption, September 1, 2007. We estimate that the
cumulative effects of applying FIN 48 will be recorded as an immaterial adjustment to beginning Retained
earnings. In addition, in accordance with the provisions of FIN 48, we will reclassify an estimated $700 to
$800 million of the liability for unrecognized tax benefits from current to non−current liabilities because
payment of cash is not anticipated within one year of the balance sheet date.
ITEM 7A.      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
     We have no market risk sensitive instruments entered into for trading purposes; therefore, all of our market
risk sensitive instruments were entered into for purposes other than trading.
Foreign Currency Risk
     We are exposed to foreign currency risk in the ordinary course of business. We hedge material cash flow
exposures when feasible using forward contracts. These instruments are generally short−term in nature, with
typical maturities of less than one year, and are subject to fluctuations in foreign exchange rates and credit risk.
Credit risk is managed through careful selection and ongoing evaluation of the financial institutions utilized as
counterparties.
     We use sensitivity analysis to determine the effects that market exchange rate fluctuations may have on the
fair value of our hedge portfolio. The sensitivity of the hedge portfolio is computed based on the market value of
future cash flows as affected by changes in exchange rates. This sensitivity analysis represents the hypothetical
changes in value of the hedge position and does not reflect the offsetting gain or loss on the underlying exposure.
As of August 31, 2007, a 10% decrease in the levels of foreign currency exchange rates against the U.S. dollar
with all other variables held constant would have resulted in a decrease in the fair value of our hedge instruments
of $9 million, while a 10% increase in the levels of foreign currency exchange rates against the U.S. dollar would
have resulted in an increase in the fair value of our hedge instruments of $9 million. As of August 31, 2006, a
10% decrease in the levels of foreign currency exchange rates against the U.S. dollar with all other variables held
constant would have resulted in a decrease in the fair value of our hedge instruments of $32 million, while a 10%
increase in the levels of foreign currency exchange rates against the U.S. dollar would have resulted in an
increase in the fair value of our hedge instruments of $33 million.
Interest Rate Risk
     The interest rate risk associated with our borrowing and investing activities as of August 31, 2007 is not
material in relation to our consolidated financial position, results of operations or cash flows. While we may do
so in the future, we have not used derivative financial instruments to alter the interest rate characteristics of our
investment holdings or debt instruments.
Equity Price Risk
    The equity price risk associated with our marketable equity securities that are subject to market price
volatility is not material in relation to our consolidated financial position, results of operations or cash flows.

                                                          72
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
    See the index included on page F−1, Index to Consolidated Financial Statements.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE
    None.
ITEM 9A.      CONTROLS AND PROCEDURES
(a) Evaluation of Disclosure Controls and Procedures
     An evaluation was performed under the supervision and with the participation of our management, including
our chief executive officer and our chief financial officer, of the effectiveness of our disclosure controls and
procedures (as defined in Rule 13a−15(e) under the Exchange Act) as of the end of the period covered by this
report.
    Based on that evaluation, the chief executive officer and the chief financial officer of Accenture Ltd have
concluded that, as of the end of the period covered by this report, Accenture Ltd’s disclosure controls and
procedures are effective.
(b) Management’s Annual Report on Internal Control over Financial Reporting
     Accenture’s management is responsible for establishing and maintaining adequate internal control over
financial reporting to provide reasonable assurance regarding the reliability of our financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting
principles. Internal control over financial reporting includes those policies and procedures that:
         (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the
    transactions and dispositions of our assets;
         (ii) provide reasonable assurance that the transactions are recorded as necessary to permit preparation of
    financial statements in accordance with generally accepted accounting principles, and that our receipts and
    expenditures are being made only in accordance with the authorization of management and/or our Board of
    Directors; and
        (iii) provide reasonable assurance regarding the prevention or timely detection of any unauthorized
    acquisition, use or disposition of our assets that could have a material effect on our financial statements.
         Due to its inherent limitations, internal control over financial reporting may not prevent or detect
    misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk
    that controls may become inadequate due to changes in conditions, or that the degree of compliance with the
    policies or procedures may deteriorate.
     Under the supervision and with the participation of our management, including our chief executive officer
and chief financial officer, we conducted an evaluation of the effectiveness of our internal control over financial
reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO) in Internal Control—Integrated Framework. Based on its evaluation, our management concluded that
our internal control over financial reporting was effective as of the end of the period covered by this Annual
Report on Form 10−K.

                                                         73
     KPMG LLP, an independent registered public accounting firm, has audited the Consolidated Financial
Statements included in this Annual Report on Form 10−K and, as part of their audit, has issued its attestation
report, included herein, on the effectiveness of our internal control over financial reporting. See “Report of
Independent Registered Public Accounting Firm” on page F−3.
(c) Changes in Internal Control over Financial Reporting
     There has been no change in Accenture Ltd’s internal control over financial reporting that occurred during
the fourth quarter of fiscal 2007 that has materially affected, or is reasonably likely to materially affect,
Accenture Ltd’s internal control over financial reporting.
ITEM 9B.     OTHER INFORMATION
    None.

                                                        74
                                                  PART III
ITEM 10.     DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
     Information about our directors is incorporated by reference from the discussion under the heading “Board
and Corporate Governance Matters—Director Biographies” in the Proxy Statement for our 2008 Annual General
Meeting of Shareholders (the “2008 Proxy Statement”). Information about our executive officers is contained in
the discussion entitled “Executive Officers of the Registrant” in Part I of this Form 10−K. Information about
compliance with Section 16(a) of the Exchange Act is incorporated by reference from the discussion under the
heading “Section 16(a) Beneficial Ownership Reporting Compliance” in the 2008 Proxy Statement. Information
about our Code of Business Ethics governing our employees, including our chief executive officer, chief
financial officer and principal accounting officer, is incorporated by reference from the discussion under the
heading “Board and Corporate Governance Matters—Board Meetings and Committees” in the 2008 Proxy
Statement. Information about our Audit Committee, including the members of the Committee, and our Audit
Committee financial experts is incorporated by reference from the discussion under the heading “Board and
Corporate Governance Matters—Audit Committee” in the 2008 Proxy Statement.
     There have been no material changes to the procedures by which security holders may recommend nominees
to our board of directors from those described in the Proxy Statement for our Annual General Meeting of
Shareholders filed with the SEC on December 21, 2006.
ITEM 11.     EXECUTIVE COMPENSATION
     Information about director and executive compensation is incorporated by reference from the discussion
under the headings “Compensation of Executive Officers and Directors,” “Compensation Committee Interlocks
and Insider Participation” and “Reports of the Committees of the Board—Compensation Committee Report” in
the 2008 Proxy Statement.
ITEM 12.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
             AND RELATED SHAREHOLDER MATTERS
    Information about security ownership of certain beneficial owners and management and related shareholder
matters is incorporated by reference from the discussion under the headings “Beneficial Ownership of Directors
and Executive Officers” and “Beneficial Ownership of More Than Five Percent of Any Class of Voting
Securities” in the 2008 Proxy Statement.

                                                      75
Securities Authorized for Issuance under Equity Compensation Plans
    The following table sets forth, as of August 31, 2007, certain information related to our compensation plans
under which Accenture Ltd Class A common shares may be issued.

                                                                                                                                  Number of Shares
                                                      Number of Shares                                                           Remaining Available
                                                      to be Issued Upon                                                          for Future Issuance
                                                          Exercise of                        Weighted−Average                       Under Equity
                                                         Outstanding                          Exercise Price of                  Compensation Plans
                                                           Options,                            Outstanding                            (Excluding
                                                        Warrants and                         Options, Warrants                   Securities Reflected
Plan
Category                                                       Rights                              and Rights                         in 1st Column)

Equity compensation plans
  approved by shareholders:
  2001 Share Incentive Plan                                        94,649,531(1)            $                      19.10                          154,407,572
  2001 Employee Share Purchase
     Plan                                                                       —                                    N/A                           27,291,328
Equity compensation plans not
  approved by shareholders                                                      —                                    N/A                                  —

Total                                                              94,649,531                                                                     181,698,900

     (1) Consists of 42,872,677 stock options with a weighted average exercise price of $19.10 per share and 51,776,854 restricted share units.

ITEM 13.             CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
                     INDEPENDENCE
    Information about certain relationships and transactions with related persons is incorporated by reference
from the discussion under the heading “Board and Corporate Governance Matters—Certain Relationships and
Related Person Transactions” in the 2008 Proxy Statement. Information about director independence is
incorporated by reference from the discussion under the heading “Board and Corporate Governance
Matters—Director Independence” in the 2008 Proxy Statement.
ITEM 14.             PRINCIPAL ACCOUNTING FEES AND SERVICES
    Information about the fees for professional services rendered by our independent auditors in 2007 and 2006
and our Audit Committee’s policy on pre−approval of audit and permissible non−audit services of our
independent auditors is incorporated by reference from the discussion under the heading “Independent Auditors’
Fees” in the 2008 Proxy Statement.
                                                                           PART IV
ITEM 15.             EXHIBITS, FINANCIAL STATEMENT SCHEDULES
       (a) List of documents filed as part of this report:
1.     Financial Statements as of August 31, 2007 and August 31, 2006 and for the three years ended August 31,
       2007—Included in Part II of this Form 10−K:
                Consolidated Balance Sheets
                Consolidated Income Statements
                Consolidated Shareholders’ Equity and Comprehensive Income Statements
                Consolidated Cash Flows Statements
                Notes to Consolidated Financial Statements

                                                                                 76
   2.   Financial Statement Schedules:
                None
   3.   Exhibit Index:

   Exhibit
Number     Exhibit

         3.1      Memorandum of Continuance of the Registrant, dated February 21, 2001 (incorporated by reference
                  to Exhibit 3.1 to the Registrant’s Registration Statement on Form S−1/A filed on July 2, 2001 (the
                  “July 2, 2001 Form S−1/A”)).
         3.2      Form of Bye−laws of the Registrant, effective as of February 2, 2005 (incorporated by reference to
                  Exhibit 3.1 to the February 28, 2005 10−Q).
         9.1      Form of Voting Agreement, dated as of April 18, 2001, among the Registrant and the covered
                  persons party thereto as amended and restated as of February 3, 2005 (incorporated by reference to
                  Exhibit 9.1 to the February 28, 2005 10−Q).
        10.1      Form of Non−Competition Agreement, dated as of April 18, 2001, among the Registrant and certain
                  employees (incorporated by reference to Exhibit 10.2 to the Registrant’s Registration Statement on
                  Form S−1 filed on April 19, 2001 (the “April 19, 2001 Form S−1”).
        10.2      2001 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the Registrant’s
                  Registration Statement on Form S−1/A filed on July 12, 2001).
        10.3      2001 Employee Share Purchase Plan (incorporated by reference to Exhibit 10.1 to the November 30,
                  2001 10−Q).
        10.4      Form of Articles of Association of Accenture SCA, consolidated and updated as of June 28, 2005
                  (incorporated by reference to Exhibit 10.1 to the May 31, 2005 10−Q).
        10.5      Form of Accenture SCA Transfer Rights Agreement, dated as of April 18, 2001, among Accenture
                  SCA and the covered persons party thereto as amended and restated as of February 3, 2005
                  (incorporated by reference to Exhibit 10.2 to the February 28, 2005 10−Q).
        10.6      Form of Non−Competition Agreement, dated as of April 18, 2001, among Accenture SCA and
                  certain employees (incorporated by reference to Exhibit 10.7 to the April 19, 2001 Form S−1).
        10.7      Form of Letter Agreement, dated April 18, 2001, between Accenture SCA and certain shareholders
                  of Accenture SCA (incorporated by reference to Exhibit 10.8 to the April 19, 2001 Form S−1).
        10.8      Form of Support Agreement, dated as of May 23, 2001, between the Registrant and Accenture
                  Canada Holdings Inc. (incorporated by reference to Exhibit 10.9 to the July 2, 2001 Form S−1/A).
        10.9      Form of Employment Agreement of Messrs. Campbell, Cole, Coughlan, Frerichs, Green, Rohleder
                  and Scrivner and Mses. Craig and Mascolo (incorporated by reference to Exhibit 10.10 to the
                  Registrant’s Registration Statement on Form S−1/A filed on June 8, 2001 (the “June 8, 2001
                  S−1/A”)).
        10.10     Form of Employment Agreement of Karl−Heinz Flöther (incorporated by reference to Exhibit 10.3
                  to the November 30, 2001 10−Q).
        10.11     Form of Employment Agreement of Mr. Foster (incorporated by reference to Exhibit 10.8 to the
                  November 30, 2001 10−Q).
        10.12     Form of Employment Agreement of Gianfranco Casati (English translation) (incorporated by
                  reference to Exhibit 10.13 to the August 31, 2006 10−K).
        10.13     Form of Employment Agreement of Alexander van ’t Noordende (English translation) (incorporated
                  by reference to Exhibit 10.14 to the August 31, 2006 10−K).
        10.14     Form of Employment Agreement of Pierre Nanterme (English translation) (filed herewith).
        10.15     Form of Articles of Association of Accenture Canada Holdings Inc. (incorporated by reference to
                  Exhibit 10.11 to the July 2, 2001 Form S−1/A).


                                                           77
   Exhibit
Number     Exhibit

       10.16   Form of Exchange Trust Agreement by and between the Registrant and Accenture Canada Holdings
               Inc. and CIBC Mellon Trust Company, made as of May 23, 2001 (incorporated by reference to
               Exhibit 10.12 to the July 2, 2001 Form S−1/A).
       10.17   Form of Transfer Restriction Agreement dated as of October 1, 2002 among Accenture Ltd and the
               transferors and transferees signatory thereto (incorporated by reference to Exhibit 9.1 to the
               November 30, 2002 10−Q).
       10.18   Form of Transfer Restriction Agreement dated as of October 1, 2002 among Accenture SCA and the
               transferors and transferees signatory thereto (incorporated by reference to Exhibit 9.1 to Accenture
               SCA’s November 30, 2002 10−Q).
       10.19   Form of First Amendment, dated as of May 1, 2003, to Transfer Restriction Agreement dated as of
               October 1, 2002 among Accenture Ltd and the transferors and transferees signatory thereto
               (incorporated by reference to Exhibit 99.(d)(13) to Accenture SCA’s and Accenture International
               SARL’s Schedule TO filed on September 30, 2003).
       10.20   Form of First Amendment, dated as of May 1, 2003, to Transfer Restriction Agreement dated as of
               October 1, 2002 among Accenture SCA and the transferors and transferees signatory thereto
               (incorporated by reference to Exhibit 99.(d)(14) to Accenture SCA’s and Accenture International
               SARL’s Schedule TO filed on September 30, 2003).
       10.21   Form of Second Amendment, dated as of October 1, 2003, to Transfer Restriction Agreement dated
               as of October 1, 2002 among Accenture Ltd and the transferors and transferees signatory thereto
               (incorporated by reference to Exhibit 99.(d)(15) to Accenture SCA’s and Accenture International
               SARL’s Schedule TO filed on April 29, 2004).
       10.22   Form of Second Amendment, dated as of October 1, 2003, to Transfer Restriction Agreement dated
               as of October 1, 2002 among Accenture SCA and the transferors and transferees signatory thereto
               (incorporated by reference to Exhibit 99.(d)(16) to Accenture SCA’s and Accenture International
               SARL’s Schedule TO filed on April 29, 2004).
       10.23   Form of Ltd Transfer Restriction Agreement for the Accenture Family and Charitable Transfer
               Program dated as of April 1, 2005 among Accenture Ltd and the transferors and transferees
               signatory thereto (incorporated by reference to Exhibit 10.3 to the May 31, 2005 10−Q).
       10.24   Form of SCA Transfer Restriction Agreement for the Accenture Family and Charitable Transfer
               Program dated as of April 1, 2005 among Accenture SCA and the transferors and transferees
               signatory thereto (incorporated by reference to Exhibit 10.2 to the May 31, 2005 10−Q).
       10.25   Form of Transfer Agreement (for transfers of “Unrestricted” Shares of Accenture Ltd) for the
               Accenture Family and Charitable Transfer Program dated as of April 1, 2005 among Accenture Ltd
               and the transferors and transferees signatory thereto (incorporated by reference to Exhibit 10.5 to the
               May 31, 2005 10−Q).
       10.26   Form of Transfer Agreement (for transfers of “Unrestricted” Shares of Accenture SCA) for the
               Accenture Family and Charitable Transfer Program dated as of April 1, 2005 among Accenture
               SCA and the transferors and transferees signatory thereto (incorporated by reference to Exhibit 10.4
               to the May 31, 2005 10−Q).
       10.27   Form of Restricted Share Unit Agreement for senior executives pursuant to the Accenture Ltd
               2001 Share Incentive Plan (incorporated by reference to Exhibit 4.1 to the November 30, 2004
               10−Q).
       10.28   Form of Nonqualified Share Option Agreement for senior executives pursuant to the Accenture Ltd
               2001 Share Incentive Plan (incorporated by reference to Exhibit 4.2 to the November 30, 2004
               10−Q).
       10.29   Form of Key Executive Performance−Based Award Restricted Share Unit Agreement pursuant to
               Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.1 to the February
               28, 2007 10−Q).

                                                          78
   Exhibit
Number     Exhibit

       10.30   Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement pursuant to
               Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.2 to the February
               28, 2007 10−Q).
       10.31   Form of Senior Leadership Equity Award Restricted Share Unit Agreement pursuant to Accenture
               Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the February 28, 2007
               10−Q).
       10.32   Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement
               pursuant to Accenture Ltd 2001 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to
               the February 28, 2007 10−Q).
       10.33   Description of Annual Bonus Plan (incorporated by reference to Exhibit 10.1 to the February 28,
               2006 10−Q).
       21.1    Subsidiaries of the Registrant (filed herewith).
       23.1    Consent of KPMG LLP (filed herewith).
       23.2    Consent of KPMG LLP related to the Accenture Ltd 2001 Employee Share Purchase Plan (filed
               herewith).
       24.1    Power of Attorney (included on the signature page hereto).
       31.1    Certification of the Chief Executive Officer pursuant to Rules 13a−14(a) and 15d−14(a), as adopted
               pursuant to Section 302 of the Sarbanes−Oxley Act of 2002 (filed herewith).
       31.2    Certification of the Chief Financial Officer pursuant to Rules 13a−14(a) and 15d−14(a), as adopted
               pursuant to Section 302 of the Sarbanes−Oxley Act of 2002 (filed herewith).
       32.1    Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted
               pursuant to Section 906 of the Sarbanes−Oxley Act of 2002 (filed herewith).
       32.2    Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
               to Section 906 of the Sarbanes−Oxley Act of 2002 (filed herewith).
       99.1    Accenture Ltd 2001 Employee Share Purchase Plan Financial Statements (filed herewith).
                                                           79
                                                     SIGNATURES
        Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant
    has duly caused this report to be signed on its behalf on October 23, 2007 by the undersigned, thereunto duly
    authorized.
                                                              Accenture Ltd
                                                              By: /s/ William D. Green
                                                                  Name: William D. Green
                                                                  Title: Chief Executive Officer
                                               POWER OF ATTORNEY
         KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby
    constitutes and appoints William D. Green, Pamela J. Craig and Douglas G. Scrivner, and each of them, as his or
    her true and lawful attorneys−in−fact and agents, with power to act with or without the others and with full
    power of substitution and resubstitution, to do any and all acts and things and to execute any and all instruments
    which said attorneys and agents and each of them may deem necessary or desirable to enable the registrant to
    comply with the U.S. Securities Exchange Act of 1934, as amended, and any rules, regulations and requirements
    of the U.S. Securities and Exchange Commission thereunder in connection with the registrant’s Annual Report
    on Form 10−K for the fiscal year ended August 31, 2007 (the “Annual Report”), including specifically, but
    without limiting the generality of the foregoing, power and authority to sign the name of the registrant and the
    name of the undersigned, individually and in his or her capacity as a director or officer of the registrant, to the
    Annual Report as filed with the U.S. Securities and Exchange Commission, to any and all amendments thereto,
    and to any and all instruments or documents filed as part thereof or in connection therewith; and each of the
    undersigned hereby ratifies and confirms all that said attorneys and agents and each of them shall do or cause to
    be done by virtue hereof.
        Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on
    October 23, 2007 by the following persons on behalf of the registrant and in the capacities indicated.

Signature                                             Title


              /s/ William D. Green                    Chief Executive Officer,
                                                        Chairman of the Board and Director
                  William D. Green                      (principal executive officer)

                /s/ Dina Dublon                       Director

                    Dina Dublon

            /s/ Dennis F. Hightower                   Director

                Dennis F. Hightower

                /s/ Nobuyuki Idei                     Director

                   Nobuyuki Idei
Signature                               Title


              /s/ William L. Kimsey     Director

                 William L. Kimsey

                /s/ Robert I. Lipp      Director

                    Robert I. Lipp

               /s/ Marjorie Magner      Director

                  Marjorie Magner

              /s/ Blythe J. McGarvie    Director

                 Blythe J. McGarvie

            /s/ Sir Mark Moody−Stuart   Director

               Sir Mark Moody−Stuart

            /s/ Wulf von Schimmelmann   Director

              Wulf von Schimmelmann

                /s/ Pamela J. Craig     Chief Financial Officer
                                          (principal financial officer)
                   Pamela J. Craig

             /s/ Anthony G. Coughlan    Principal Accounting Officer and Controller
                                           (principal accounting officer)
                Anthony G. Coughlan
                                            ACCENTURE LTD
                       INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

                                                                                                 Page

Report of Independent Registered Public Accounting Firm                                          F−2
Consolidated Financial Statements as of August 31, 2007 and 2006 and for the three years ended
  August 31, 2007:
  Consolidated Balance Sheets                                                                    F−4
  Consolidated Income Statements                                                                 F−5
  Consolidated Shareholders' Equity and Comprehensive Income Statements                          F−6
  Consolidated Cash Flows Statements                                                             F−8
Notes to Consolidated Financial Statements                                                       F−9

                                                     F−1
              REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders
Accenture Ltd:
     We have audited the accompanying Consolidated Balance Sheets of Accenture Ltd and its subsidiaries as of
August 31, 2007 and 2006, and the related Consolidated Statements of Income, Shareholders’ Equity and
Comprehensive Income, and Cash Flows for each of the years in the three−year period ended August 31, 2007.
We also have audited Accenture Ltd’s internal control over financial reporting as of August 31, 2007, based on
criteria established in the Internal Control—Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). Accenture Ltd’s management is responsible for these
consolidated financial statements, for maintaining effective internal control over financial reporting, and for its
assessment of the effectiveness of internal control over financial reporting, included in the accompanying
Management’s Annual Report On Internal Control Over Financial Reporting (Item 9A(b)). Our responsibility is
to express an opinion on these consolidated financial statements and on the Company’s internal control over
financial reporting based on our audits.
     We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audits to obtain reasonable
assurance about whether the financial statements are free of material misstatement and whether effective internal
control over financial reporting was maintained in all material respects. Our audits of the consolidated financial
statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. Our audit of internal control over financial reporting
included obtaining an understanding of internal control over financial reporting, assessing the risk that a material
weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on
the assessed risk. Our audits also included performing such other procedures as we considered necessary in the
circumstances. We believe that our audits provide a reasonable basis for our opinions.
     A company’s internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company’s internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance
with generally accepted accounting principles, and that receipts and expenditures of the company are being made
only in accordance with authorizations of management and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the
company’s assets that could have a material effect on the financial statements.
     Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
     In our opinion, the Consolidated Financial Statements referred to above present fairly, in all material
respects, the financial position of Accenture Ltd and its subsidiaries as of August 31, 2007 and 2006, and the
results of their operations and their cash flows for each of the years in the

                                                        F−2
three−year period ended August 31, 2007, in conformity with accounting principles generally accepted in the
United States of America. Also in our opinion, Accenture Ltd maintained, in all material respects, effective
internal control over financial reporting as of August 31, 2007, based on criteria established in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO).
     As disclosed in Note 10 to the Consolidated Financial Statements, the Company, as of August 31, 2007,
changed its method of accounting for defined benefit pension and other postretirement plans. Additionally, as
disclosed in Note 11 to the Consolidated Financial Statements, the Company, as of September 1, 2005, changed
its method of accounting for share−based awards.
/s/ KPMG LLP
Chicago, Illinois
October 22, 2007

                                                      F−3
                                                                ACCENTURE LTD
                                                CONSOLIDATED BALANCE SHEETS
                                                    August 31, 2007 and 2006
                                (In thousands of U.S. dollars, except share and per share amounts)
                                                                                                                              2007             2006

                                                                          ASSETS
CURRENT ASSETS:
   Cash and cash equivalents                                                                                             $   3,314,396     $ 3,066,988
   Short−term investments                                                                                                      231,278         352,951
   Receivables from clients, net                                                                                             2,409,299       1,916,450
   Unbilled services, net                                                                                                    1,290,035       1,187,249
   Deferred income taxes, net                                                                                                  318,172         187,720
   Other current assets                                                                                                        407,998         479,501

            Total current assets                                                                                             7,971,178         7,190,859

NON−CURRENT ASSETS:
   Unbilled services, net                                                                                                       63,995          105,081
   Investments                                                                                                                  81,935          125,119
   Property and equipment, net of accumulated depreciation of $1,556,146 and $1,359,978, respectively                          808,069          727,692
   Goodwill                                                                                                                    643,728          527,648
   Deferred income taxes, net                                                                                                  389,858          392,211
   Other non−current assets                                                                                                    788,399          428,882

            Total non−current assets                                                                                         2,775,984         2,306,633

TOTAL ASSETS                                                                                                             $ 10,747,162      $ 9,497,492

                                                  LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
   Current portion of long−term debt and bank borrowings                                                                 $      23,795     $      24,792
   Accounts payable                                                                                                            985,071           856,087
   Deferred revenues                                                                                                         1,785,286         1,467,480
   Accrued payroll and related benefits                                                                                      2,274,098         1,693,796
   Income taxes payable                                                                                                        942,310           722,096
   Deferred income taxes, net                                                                                                   39,078            49,870
   Other accrued liabilities                                                                                                   912,978           958,582

            Total current liabilities                                                                                        6,962,616         5,772,703

NON−CURRENT LIABILITIES:
   Long−term debt                                                                                                                2,565           27,065
   Retirement obligation                                                                                                       494,416          492,555
   Deferred income taxes, net                                                                                                   31,758           16,880
   Other non−current liabilities                                                                                               452,289          426,156

            Total non−current liabilities                                                                                      981,028          962,656

COMMITMENTS AND CONTINGENCIES

MINORITY INTEREST                                                                                                              740,186          867,878

SHAREHOLDERS’ EQUITY:
    Preferred shares, 2,000,000,000 shares authorized, zero shares issued and outstanding                                            —                —
    Class A common shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 635,108,578 and
       617,565,722 shares issued as of August 31, 2007 and August 31, 2006, respectively                                             14               14
    Class X common shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 162,629,929 and
       245,006,562 shares issued and outstanding as of August 31, 2007 and August 31, 2006, respectively                              4                6
    Restricted share units                                                                                                      649,475          482,289
    Additional paid−in capital                                                                                                       —           701,006
    Treasury shares, at cost, 39,187,569 and 36,990,533 shares as of August 31, 2007 and August 31, 2006, respectively       (1,033,025)        (869,957)
    Retained earnings                                                                                                         2,362,703        1,607,391
    Accumulated other comprehensive income (loss)                                                                                84,161          (26,494)

            Total shareholders’ equity                                                                                       2,063,332         1,894,255

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                               $ 10,747,162      $ 9,497,492


                             The accompanying Notes are an integral part of these Consolidated Financial Statements.

                                                                            F−4
                                                  ACCENTURE LTD
                                 CONSOLIDATED INCOME STATEMENTS
                            For the Years Ended August 31, 2007, 2006 and 2005
                     (In thousands of U.S. dollars, except share and per share amounts)

                                                                   2007                    2006                   2005

REVENUES:
   Revenues before reimbursements                            $     19,695,814        $    16,646,391         $    15,547,029
   Reimbursements                                                   1,756,933              1,581,975               1,547,391

        Revenues                                                   21,452,747             18,228,366              17,094,420
OPERATING EXPENSES:
   Cost of services:
        Cost of services before reimbursable
           expenses                                                13,654,341             11,652,216              10,454,650
        Reimbursable expenses                                       1,756,933              1,581,975               1,547,391

          Cost of services                                         15,411,274             13,234,191              12,002,041
     Sales and marketing                                            1,903,990              1,708,392               1,558,446
     General and administrative costs                               1,618,498              1,492,690               1,511,952
     Reorganization costs (benefits), net                              26,366                (47,966)                (89,257)

          Total operating expenses                                 18,960,128             16,387,307              14,983,182

OPERATING INCOME                                                    2,492,619              1,841,059               2,111,238
Gain on investments, net                                               18,532                  2,018                  21,468
Interest income                                                       154,566                129,547                 108,236
Interest expense                                                      (25,036)               (21,146)                (23,973)
Other expense                                                         (21,763)               (27,811)                (10,967)

INCOME BEFORE INCOME TAXES                                          2,618,918              1,923,667               2,206,002
Provision for income taxes                                            895,861                490,535                 697,097

INCOME BEFORE MINORITY INTEREST                                     1,723,057              1,433,132               1,508,905
Minority interest in Accenture SCA and Accenture
  Canada Holdings Inc.                                               (453,917)               (447,382)              (556,485)
Minority interest—other                                               (25,992)                (12,421)               (11,946)

NET INCOME                                                   $      1,243,148        $        973,329        $      940,474

Weighted average Class A common shares:
Basic                                                             604,128,805            589,099,824             588,505,335
Diluted                                                           861,923,335            894,257,833             961,124,893
Earnings per Class A common share:
Basic                                                        $            2.06       $            1.65       $           1.60
Diluted                                                      $            1.97       $            1.59       $           1.56
Cash dividends per share                                     $            0.35       $            0.30       $             —
                   The accompanying Notes are an integral part of these Consolidated Financial Statements.

                                                            F−5
                                                                                                      ACCENTURE LTD
                   CONSOLIDATED SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME STATEMENTS
                                                                      For the Years Ended August 31, 2007, 2006 and 2005
                                                                (In thousands of U.S. dollars and in thousands of share amounts)
                                                                                            Class A             Class X
                                                                                            Common              Common                                                                                   Accumulated
                                                                                             Shares              Shares                           Additional        Treasury Shares                         Other
                                                                             Preferred            No.                 No.         Restricted       Paid−in                       No.       Retained     Comprehensive
                                                                              Shares      $      Shares       $      Shares      Share Units       Capital           $         Shares      Earnings     Income (Loss)      Total

Balance as of August 31, 2004                                                $      —    $ 13     591,497    $ 9      365,325    $   324,463     $ 1,643,652     $ (429,207)    (19,218) $    46,636    $     (113,760) $ 1,471,806
Comprehensive income:
   Net income                                                                                                                                                                                940,474                        940,474
   Other comprehensive loss:
           Unrealized losses on marketable securities, net of
               reclassification adjustments                                                                                                                                                                     (2,743)       (2,743)
           Foreign currency translation adjustments                                                                                                                                                            (20,284)      (20,284)
           Minimum pension liability adjustment, net of tax                                                                                                                                                    (95,697)      (95,697)

   Other comprehensive loss                                                                                                                                                                                   (118,724)

Comprehensive income                                                                                                                                                                                                        821,750
Income tax benefit on:
    Share−based compensation plans                                                                                                                     75,532                                                                 75,532
    Costs related to issuance of shares                                                                                                                 8,846                                                                  8,846
    Contract termination                                                                                                                                                                        134                              134
Purchases of Class A common shares                                                                   (562)                                            (13,286)      (503,088)   (21,497)                                    (516,374)
Share−based compensation expense                                                                                                      87,640              701                                                                 88,341
Purchases/redemptions of Accenture SCA Class I common shares,
    Accenture Canada Holdings Inc. exchangeable shares and Class X
    common shares                                                                                              (2)    (44,237)                     (1,095,155)                                                            (1,095,157)
Issuances of Class A common shares related to employee share programs                              11,771                             (46,395)        197,967       168,613      8,449       (24,905)                        295,280
Transaction fees                                                                                                                                        3,427                                                                  3,427
Minority interest                                                                                                                                     543,329                                                                543,329

Balance as of August 31, 2005                                                $      —    $ 13     602,706    $ 7      321,088    $   365,708     $ 1,365,013     $ (763,682)    (32,266) $ 962,339      $     (232,484) $ 1,696,914
Comprehensive income:
   Net income                                                                                                                                                                                973,329                        973,329
   Other comprehensive income:
       Unrealized losses on marketable securities, net of reclassification
           adjustments                                                                                                                                                                                          (1,260)      (1,260)
       Foreign currency translation adjustments                                                                                                                                                                 52,423       52,423
       Minimum pension liability adjustment, net of tax                                                                                                                                                        154,827      154,827

   Other comprehensive income                                                                                                                                                                                  205,990

Comprehensive income                                                                                                                                                                                                       1,179,319



                                                                                                                     F−6
                                                                                          Class A             Class X
                                                                                          Common              Common                                                                                         Accumulated
                                                                                           Shares              Shares                              Additional         Treasury Shares                           Other
                                                                           Preferred            No.                 No.         Restricted          Paid−in                         No.       Retained      Comprehensive
                                                                            Shares      $      Shares       $      Shares      Share Units          Capital            $          Shares      Earnings      Income (Loss)        Total

Income tax benefit on:
    Share−based compensation plans                                                                                                                     100,508                                                                     100,508
    Contract termination                                                                                                                                                                            497                                497
Purchases of Class A common shares                                                                 (581)                                               (16,192)       (366,481)    (15,470)                                       (382,673)
Share−based compensation expense                                                                                                   152,158             112,952                                                                     265,110
Purchases/redemptions of Accenture SCA Class I common shares,
    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)                          436,918
Dividends                                                                                                                            13,564                                                     (281,537)                         (267,973)
Minority interest                                                                                                                                      569,989                                                                     569,989

Balance as of August 31, 2006                                              $      —    $ 14     617,566    $ 6      245,007    $   482,289     $       701,006    $   (869,957)    (36,991) $ 1,607,391     $      (26,494) $ 1,894,255
Adoption of FASB Statement No. 158, net of tax                                                                                                                                                                      26,053       26,053
Comprehensive income:
   Net income                                                                                                                                                                                  1,243,148                         1,243,148
   Other comprehensive income:
      Unrealized gains on marketable securities, net of reclassification
          adjustments                                                                                                                                                                                                2,165          2,165
      Foreign currency translation adjustments                                                                                                                                                                      84,474         84,474
      Minimum pension liability adjustment, net of tax                                                                                                                                                              (2,037)        (2,037)

   Other comprehensive income                                                                                                                                                                                       84,602

Comprehensive income                                                                                                                                                                                                             1,327,750
Income tax benefit on:
    Share−based compensation plans                                                                                                                      27,469                                                                      27,469
    Contract termination                                                                                                                                                                              31                                31
Purchases 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
Purchases/redemptions of Accenture SCA Class I common shares,
    Accenture Canada Holdings Inc. exchangeable shares and Class X
    common shares                                                                                            (2)    (82,377)                        (1,706,399)                                 (160,697)                       (1,867,098)
Issuances of Class A common shares:
    Employee share program                                                                       15,116                             (89,846)           338,763         249,850     10,321        (10,517)                         488,250
    Upon redemption of Accenture SCA Class I
       common shares                                                                              3,186                                                                                                                                 —
Dividends                                                                                                                           14,597               2,625                                  (310,281)                         (293,059)
Minority interest                                                                                                                                      595,967                                                                     595,967

Balance as of August 31, 2007                                              $      —    $ 14     635,109    $ 4      162,630    $   649,475     $            —     $ (1,033,025)    (39,188) $ 2,362,703     $       84,161    $ 2,063,332


                                                         The accompanying Notes are an integral part of these Consolidated Financial Statements.

                                                                                                                    F−7
                                                      ACCENTURE LTD
                                  CONSOLIDATED CASH FLOWS STATEMENTS
                                  For the Years Ended August 31, 2007, 2006 and 2005
                                             (In thousands of U.S. dollars)

                                                                                     2007               2006              2005

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net income                                                                  $   1,243,148      $     973,329     $     940,474
  Adjustments to reconcile Net income to Net cash provided by operating
    activities—
       Depreciation, amortization and asset impairments                               444,499            351,947           282,073
       Reorganization costs (benefits), net                                            26,366            (47,966)          (89,257)
       Share−based compensation expense                                               306,795            270,884            88,341
       Deferred income taxes, net                                                    (107,673)          (223,637)           63,139
       Minority interest                                                              479,909            459,803           568,431
       Other, net                                                                     (14,769)            (1,163)          (13,110)
       Change in assets and liabilities, net of acquisitions—
          Receivables from clients, net                                              (410,953)           (90,458)          (59,460)
          Other current assets                                                          3,058             35,755            12,399
          Unbilled services, current and non−current                                   (7,476)           400,142          (596,984)
          Other non−current assets                                                   (359,805)           (12,655)          (24,853)
          Accounts payable                                                            107,533             48,157           270,499
          Deferred revenues                                                           274,421            130,504           334,121
          Accrued payroll and related benefits                                        529,762            228,688           (60,147)
          Income taxes payable                                                        169,783            (68,961)          115,950
          Other accrued liabilities                                                  (163,624)           233,961            29,714
          Other non−current liabilities                                               109,591            (20,341)           25,751

          Net cash provided by operating activities                                 2,630,565          2,667,989         1,887,081

CASH FLOWS FROM INVESTING ACTIVITIES:
   Proceeds from maturities and sales of available−for−sale investments               885,463            657,629            944,484
   Purchases of available−for−sale investments                                       (693,733)          (401,181)        (1,019,317)
   Proceeds from sales of property and equipment                                       14,549             13,951              6,318
   Purchases of property and equipment                                               (364,371)          (306,174)          (317,772)
   Purchases of businesses and investments, net of cash acquired                     (192,356)          (210,985)          (188,469)
   Proceeds from sale of business, net of cash transferred                                 —               4,260                 —

          Net cash used in investing activities                                      (350,448)          (242,500)         (574,756)

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from issuance of common shares                                             488,250            436,918           298,707
   Purchases of common shares                                                       (2,307,947)        (2,087,027)       (1,625,097)
   Proceeds from long−term debt                                                          2,225              7,669             6,061
   Repayments of long−term debt                                                        (26,620)           (23,983)           (9,467)
   Proceeds from short−term borrowings                                                  39,080             40,269            61,834
   Repayments of short−term borrowings                                                 (40,554)           (52,657)          (71,043)
   Cash dividends paid                                                                (293,059)          (267,973)               —
   Excess tax benefits from share−based payment arrangements                            56,178             42,832                —
   Other, net                                                                          (45,259)           (40,515)          (38,453)

          Net cash used in financing activities                                     (2,127,706)        (1,944,467)       (1,377,458)
     Effect of exchange rate changes on cash and cash equivalents                       94,997            101,976            (3,835)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                  247,408            582,998           (68,968)
CASH AND CASH EQUIVALENTS, beginning of period                                      3,066,988          2,483,990         2,552,958

CASH AND CASH EQUIVALENTS, end of period                                        $   3,314,396      $   3,066,988     $   2,483,990

Supplemental cash flow information
    Interest paid                                                               $      24,847      $      20,837     $      23,597
    Income taxes paid                                                           $     798,286      $     768,313     $     573,026
                       The accompanying Notes are an integral part of these Consolidated Financial Statements.

                                                                F−8
                                              ACCENTURE LTD
                      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Business
     Accenture Ltd is one of the world’s leading management consulting, technology services and outsourcing
organizations. Accenture Ltd operates globally with one common brand and business model designed to enable it
to provide clients around the world with the same high level of service. Drawing on a combination of industry
expertise, functional capabilities, alliances, global resources and technology, Accenture Ltd delivers
competitively priced, high−value services that help clients measurably improve business performance. Accenture
Ltd’s global delivery model enables it to provide a complete end−to−end delivery capability by drawing on
Accenture Ltd’s global resources to deliver high−quality, cost−effective solutions to clients under demanding
timeframes.
      In fiscal 2005, Accenture Ltd developed and announced a new, broader career model for its highest−level
executives that recognizes the diversity of roles and responsibilities demonstrated by these employees. This new
career framework replaced the internal use of the “partner” title with the more comprehensive “senior executive”
title and applies the “senior executive” title to its highest−level employees, including those employees previously
referred to as partners. However, for proper context, Accenture Ltd continues to use the term “partner” in these
Notes to Consolidated Financial Statements to refer to these persons in certain situations related to its
reorganization and the period prior to its incorporation.
Principles of Consolidation
     The Consolidated Financial Statements include the accounts of Accenture Ltd, a Bermuda company, and its
controlled subsidiary companies (“the Company”). Accenture Ltd’s only business is to hold Class II and Class III
common shares in, and to act as the sole general partner of, its subsidiary, Accenture SCA, a Luxembourg
partnership limited by shares. The Company operates its business through Accenture SCA and subsidiaries of
Accenture SCA. Accenture Ltd controls Accenture SCA’s management and operations and consolidates
Accenture SCA’s results in its financial statements.
     The shares of Accenture SCA and Accenture Canada Holdings Inc. held by persons other than the Company
are treated as a minority interest in the Consolidated Financial Statements. The minority interest percentages
were 24% and 30% as of August 31, 2007 and 2006, respectively. Purchases and/or redemptions of Accenture
SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares are accounted for at
carryover basis.
Use of Estimates
     The preparation of the Consolidated Financial Statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates and assumptions that affect amounts reported in
the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on
management’s best knowledge of current events and actions that the Company may undertake in the future,
actual results may be different from those estimates.

                                                       F−9
                                               ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Reclassifications
    Certain amounts reported in previous years have been reclassified to conform to the fiscal 2007 presentation.
Revenue Recognition
     Revenues from contracts for technology integration consulting services where the Company
designs/redesigns, builds and implements new or enhanced systems applications and related processes for its
clients are recognized on the percentage−of−completion method in accordance with American Institute of
Certified Public Accountants Statement of Position 81−1, “Accounting for Performance of Construction−Type
and Certain Production−Type Contracts” (“SOP 81−1”). Percentage−of−completion accounting involves
calculating the percentage of services provided during the reporting period compared to the total estimated
services to be provided over the duration of the contract. Estimated revenues for applying the
percentage−of−completion method include estimated incentives for which achievement of defined goals is
deemed probable. This method is followed where reasonably dependable estimates of revenues and costs can be
made. Estimates of total contract revenues and costs are continuously monitored during the term of the contract,
and recorded revenues and costs are subject to revision as the contract progresses. Such revisions may result in
increases or decreases to revenues and income and are reflected in the Consolidated Financial Statements in the
periods in which they are first identified. If the Company’s estimates indicate that a contract loss will occur, a
loss provision is recorded in the period in which the loss first becomes probable and reasonably estimable.
Contract losses are determined to be the amount by which the estimated direct and indirect costs of the contract
exceed the estimated total revenues that will be generated by the contract and are included in Cost of services and
classified in Other accrued liabilities. Contract loss provisions recorded as of August, 31, 2007 and 2006 are
immaterial.
     Revenues from contracts for non−technology integration consulting services with fees based on time and
materials or cost−plus are recognized as the services are performed and amounts are earned in accordance with
the Securities Exchange Commission ( the “SEC”) Staff Accounting Bulletin (“SAB”) No. 101, “Revenue
Recognition in Financial Statements” (“SAB 101”), as amended by SAB No. 104, “Revenue Recognition”
(“SAB 104”). The Company considers amounts to be earned once evidence of an arrangement has been obtained,
services are delivered, fees are fixed or determinable, and collectibility is reasonably assured. In such contracts,
the Company’s efforts, measured by time incurred, typically represent the contractual milestones or output
measure, which is the contractual earnings pattern. For non−technology integration consulting contracts with
fixed fees, the Company recognizes revenues as amounts become billable in accordance with contract terms,
provided the billable amounts are not contingent, are consistent with the services delivered, and are earned.
Contingent or incentive revenues relating to non−technology integration consulting contracts are recognized
when the contingency is satisfied and the Company concludes the amounts are earned.
     Outsourcing contracts typically span several years and involve complex delivery, often through multiple
workforces in different countries. In a number of these arrangements, the Company hires client employees and
becomes responsible for certain client obligations. Revenues are recognized on outsourcing contracts as amounts
become billable in accordance with contract terms, unless the amounts are billed in advance of performance of
services in which case revenues are recognized when

                                                       F−10
                                               ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
the services are performed and amounts are earned in accordance with SAB 101, as amended by SAB 104.
Revenues from time−and−materials or cost−plus contracts are recognized as the services are performed. In such
contracts, the Company’s effort, measured by time incurred, represents the contractual milestones or output
measure, which is the contractual earnings pattern. Revenues from unit−priced contracts are recognized as
transactions are processed based on objective measures of output. Revenues from fixed−price contracts are
recognized on a straight−line basis, unless revenues are earned and obligations are fulfilled in a different pattern.
Outsourcing contracts can also include incentive payments for benefits delivered to clients. Revenues relating to
such incentive payments are recorded when the contingency is satisfied and the Company concludes the amounts
are earned.
     Costs related to delivering outsourcing services are expensed as incurred with the exception of certain
transition costs related to the set−up of processes, personnel and systems, which are deferred during the transition
period and expensed evenly over the period outsourcing services are provided. The deferred costs are specific
internal costs or incremental external costs directly related to transition or set−up activities necessary to enable
the outsourced services. Deferred amounts are protected in the event of early termination of the contract and are
monitored regularly for impairment. Impairment losses are recorded when projected undiscounted operating cash
flows of the related contract are not sufficient to recover the carrying amount of contract assets. Deferred
transition costs were $382,914 and $233,543 as of August 31, 2007 and 2006, respectively, and are included in
Other non−current assets. Amounts billable to the client for transition or set−up activities are deferred and
recognized as revenue evenly over the period outsourcing services are provided. Deferred transition revenues
were $214,319 and $120,932 as of August 31, 2007 and 2006, respectively, and are included in Other
non−current liabilities. Fiscal 2006 amounts for deferred transition costs and deferred transition revenues have
been reclassified to conform to the fiscal 2007 presentation.
     Revenues for contracts with multiple elements are allocated pursuant to Emerging Issues Task Force Issue
00−21, “Accounting for Revenue Arrangements with Multiple Deliverables,” based on the lesser of the element’s
relative fair value or the amount that is not contingent on future delivery of another element. If the amount of
non−contingent revenues allocated to a delivered element is less than the costs to deliver such services, then such
costs are deferred and recognized in future periods when the revenues become non−contingent. Fair value is
determined based on the prices charged when each element is sold separately. Revenues are recognized in
accordance with the Company’s accounting policies for the separate elements, as described above. Elements
qualify for separation when the services have value on a stand−alone basis, fair value of the separate elements
exists and, in arrangements that include a general right of refund relative to the delivered element, performance
of the undelivered element is considered probable and substantially in the Company’s control. While determining
fair value and identifying separate elements require judgment, generally fair value and the separate elements are
readily identifiable as the Company also sells those elements unaccompanied by other elements.
    Revenues recognized in excess of billings are recorded as Unbilled services. Billings in excess of revenues
recognized are recorded as Deferred revenues until revenue recognition criteria are met.
    Revenues before reimbursements include the margin earned on computer hardware and software, as well as
revenues from alliance agreements. Reimbursements, including those relating to travel and other out−of−pocket
expenses, and other similar third−party costs, such as the cost of hardware and

                                                        F−11
                                               ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
software resales, are included in Revenues, and an equivalent amount of reimbursable expenses are included in
Cost of services. The Company reports revenues net of any revenue−based taxes assessed by governmental
authorities.
Operating Expenses
    Selected components of operating expenses were as follows:

                                                                                 Year Ended August 31,
                                                                        2007             2006          2005

Training costs                                                       $ 775,768        $ 680,662        $ 546,248
Research and development costs                                         307,357          298,354          243,449
Advertising costs                                                       94,404           68,810           65,902
Provision for (release of) doubtful accounts                             9,441            9,389           (3,849)
    Subcontractor costs are included in Cost of services as they are incurred.
Employee Share−Based Compensation Arrangements
     On September 1, 2005, the Company adopted the provisions of Statement of Financial Accounting Standards
(“SFAS”) No. 123R, “Share−Based Payment” (“SFAS No. 123R”) to record compensation expense for its
employee stock options and share purchase rights. SFAS No. 123R is a revision of SFAS 123, “Accounting for
Stock−Based Compensation” (“SFAS No. 123”), and supersedes Accounting Principles Board Opinion (“APB”)
No. 25, “Accounting for Stock Issued to Employees” (“APB No. 25”), and its related implementation guidance.
Prior to the adoption of SFAS No. 123R, the Company followed the intrinsic value method in accordance with
APB No. 25, in accounting for its employee stock, options and share purchase rights. For information regarding
share−based compensation, see Note 11 (Share−Based Compensation) to these Consolidated Financial
Statements.
Income Taxes
     The Company calculates and provides for income taxes in each of the tax jurisdictions in which it operates.
Deferred tax assets and liabilities, measured using enacted tax rates, are recognized for the future tax
consequences of temporary differences between the tax and financial statement bases of assets and liabilities. A
valuation allowance reduces the deferred tax assets to the amount that is more likely than not to be realized. The
Company establishes reserves when the Company believes certain tax positions are not probable to be sustained
if challenged. Each fiscal quarter, the Company evaluates these reserves and adjusts the reserves and related
interest in light of changing facts and circumstances.
Translation of Non−U.S. Currency Amounts
     Assets and liabilities of non−U.S. subsidiaries whose functional currency is not the U.S. dollar are translated
into U.S. dollars at fiscal year−end exchange rates. Revenue and expense items are translated at average
exchange rates prevailing during the fiscal year. Translation adjustments are included in Accumulated other
comprehensive income (loss). Gains and losses arising from intercompany foreign currency transactions that are
of a long−term investment nature are reported in the same manner as translation adjustments.

                                                       F−12
                                              ACCENTURE LTD
              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
       (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
     Foreign currency transaction losses are included in Other expense and totaled $26,313, $30,778 and $12,473
in fiscal 2007, 2006 and 2005, respectively.
Foreign Exchange Instruments
     In the normal course of business, the Company uses derivative financial instruments to manage foreign
currency exchange rate risk. The Company hedges material cash flow exposures when feasible using forward
contracts. These instruments are generally short−term in nature, with maturities of less than one year, and are
subject to fluctuations in foreign exchange rates. Credit risk is managed through careful selection and ongoing
evaluation of the financial institutions utilized as counterparties. Substantially all of the Company’s financial
instruments are recorded at estimated fair value or amounts that approximate fair value. The Company did not
have any derivatives designated as hedges as defined by SFAS No. 133, “Accounting for Derivative Instruments
and Hedging Activities” (“SFAS No. 133”) outstanding as of August 31, 2007. The changes in fair value of
substantially all derivatives are recognized in the Consolidated Income Statements and included in Other
expense.
Cash and Cash Equivalents
     Cash and cash equivalents consist of all cash balances and liquid investments with original maturities of
three months or less, including time deposits and certificates of deposit of $919,063 and $1,292,184 as of
August 31, 2007 and 2006, respectively. As a result of certain subsidiaries’ cash management systems, checks
issued but not presented to the banks for payment may create negative book cash payables. Such negative
balances are classified as Short−term bank borrowings.
Client Receivables, Client Financing and Allowances
     The Company carries its client receivables and unbilled services at their face amounts less allowances. On a
periodic basis, the Company evaluates its receivables and unbilled services and establishes allowances based on
historical experience and other currently available information. As of August 31, 2007 and 2006, total allowances
recorded for client receivables and unbilled services were $44,302 and $48,069, respectively. In limited
circumstances, the Company agrees to extend financing to certain clients. The terms vary by contract, but
generally payment for services is contractually linked to the achievement of specified performance milestones.
Imputed interest is recorded at market rates in Interest income. As of August 31, 2007, total client financing was
$234,969, of which $170,974 was included in Current unbilled services and $63,995 was included in
Non−current unbilled services. As of August 31, 2006, total client financing was $262,736, of which $157,655
was included in Current unbilled services and $105,081 was included in Non−current unbilled services.
Concentrations of Credit Risk
     The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of
cash and cash equivalents, foreign exchange instruments and client receivables. The Company places its cash and
cash equivalents and foreign exchange instruments with highly−rated financial institutions, limits the amount of
credit exposure with any one financial institution and conducts ongoing evaluation of the credit worthiness of the
financial institutions with which it does business. Client receivables are dispersed across many different
industries and countries; therefore, concentrations of credit risk are limited.

                                                      F−13
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Investments
     All liquid investments with an original maturity greater than 90 days but less than one year are considered to
be short−term investments. Investments with an original maturity greater than one year are considered to be
long−term investments. Marketable short−term and long−term investments are classified and accounted for as
available−for−sale investments. Available−for−sale investments are reported at fair value with changes in
unrealized gains and losses recorded as a separate component of Accumulated other comprehensive income
(loss) until realized. Quoted market prices are used to determine the fair values of common equity and debt
securities that were issued by publicly traded entities. Interest and amortization of premiums and discounts for
debt securities are included in Interest income. Realized gains and losses on securities are determined based on
the FIFO method and are included in Gain on investments, net. The Company does not hold these investments
for speculative or trading purposes. The equity method of accounting is used for unconsolidated investments in
which the Company exercises significant influence. All other investments are accounted for under the cost
method.
Property and Equipment
    Property and equipment is stated at cost, net of accumulated depreciation. Depreciation of property and
equipment is computed on a straight−line basis over the following estimated useful lives:

Buildings                                                                                  20 to 25 years
Computers, related equipment and software                                                  2 to 7 years
Furniture and fixtures                                                                     5 to 10 years
                                                                                           Lesser of lease term
Leasehold improvements                                                                     or 15 years
Long−Lived Assets
     Long−lived assets are reviewed for impairment whenever events or changes in circumstances indicate that
the carrying amount of an asset or group of assets may not be recoverable. Recoverability of long−lived assets or
groups of assets is assessed based on a comparison of the carrying amount to the estimated future net cash flows.
If estimated future undiscounted net cash flows are less than the carrying amount, the asset is considered
impaired and expense is recorded at an amount required to reduce the carrying amount to fair value.
Recently Adopted Accounting Pronouncements
     In September 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 158,
“Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB
Statements No. 87, 106, and 132(R)” (“SFAS No. 158”). SFAS No. 158 requires the Company to prospectively
recognize the funded status of pension and other postretirement benefit plans on the balance sheet, measured as
the difference between the plan assets at fair value and the projected benefit obligation and to classify, as a
current liability, the amount by which the benefits included in the benefit obligation payable in the next twelve
months exceeds the fair value of plan assets. Under SFAS No. 158 gains and losses, prior service costs and
credits and any remaining transition amounts under SFAS No. 87, “Employers’ Accounting for Pensions,”
(“SFAS No. 87) that have not yet been

                                                       F−14
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
recognized through net periodic pension/postretirement benefits expense will be recognized in accumulated other
comprehensive income, net of tax, until they are amortized as a component of net periodic
pension/postretirement benefits expense. Additionally, SFAS No. 158 requires companies to measure plan assets
and obligations at their year−end balance sheet date.
     As required by SFAS No. 158, the Company adopted the recognition and disclosure provisions as of
August 31, 2007. The effect of adopting SFAS No. 158 on the Company’s Consolidated Balance Sheet as of
August 31, 2007 has been included in the accompanying fiscal 2007 Consolidated Financial Statements. The
Company will adopt the year−end measurement date provision as of August 31, 2009 and is currently assessing
the impact of the change in measurement date on the Consolidated Financial Statements. For additional
information, see Note 10 (Retirement and Profit Sharing Plans) to these Consolidated Financial Statements.
    In September 2006, the SEC issued SAB No. 108, “Considering the Effects of Prior Year Misstatements
when Quantifying Misstatements in Current Year Financial Statements” (“SAB No. 108”). SAB No. 108
provides guidance on the consideration of the effects of prior year misstatements in quantifying current year
misstatements for the purpose of a materiality assessment. SAB No. 108 is effective for the Company’s fiscal
year ending August 31, 2007. The adoption of SAB 108 did not have a material impact on the Company’s
Consolidated Financial Statements.
New Accounting Pronouncements
     In July 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation No. 48,
“Accounting for Uncertainty in Income Taxes−an interpretation of FASB Statement No. 109” (“FIN 48”), which
is a change in accounting for income taxes. FIN 48 specifies how tax benefits for uncertain tax positions are to be
recognized, measured and derecognized in financial statements; requires certain disclosures of uncertain tax
matters; specifies how reserves for uncertain tax positions should be classified in the balance sheet; and provides
transition and interim−period guidance, among other provisions. FIN 48 is effective for fiscal years beginning
after December 15, 2006 and, as a result, is effective for the Company beginning September 1, 2007. Upon
adoption, the cumulative effect of applying the provisions of FIN 48 will be reported as an adjustment to the
opening balance of retained earnings.
     The Company has substantially completed the process of evaluating the effect of FIN 48 on its Consolidated
Financial Statements as of the beginning of the period of adoption, September 1, 2007. The Company estimates
that the cumulative effects of applying FIN 48 will be recorded as an immaterial adjustment to beginning
Retained earnings. In addition, in accordance with the provisions of FIN 48, the Company will reclassify an
estimated $700,000 to $800,000 of the liability for unrecognized tax benefits from current to non−current
liabilities because payment of cash is not anticipated within one year of the balance sheet date.

                                                      F−15
                                                                 ACCENTURE LTD
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
            (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
2.     EARNINGS PER SHARE
       Basic and diluted earnings per share are calculated as follows:

                                                                                                     Year Ended August 31,
                                                                                       2007                  2006                              2005

Basic Earnings per share
Net income available for Class A common
  shareholders                                                                  $     1,243,148             $       973,329            $        940,474
Basic weighted average Class A common shares                                        604,128,805                 589,099,824                 588,505,335

Basic earnings per share                                                        $              2.06        $               1.65        $               1.60

Diluted Earnings per share
Net income available for Class A common
  shareholders                                                                  $      1,243,148           $          973,329          $          940,474
Minority interest in Accenture SCA and Accenture
  Canada Holdings Inc.(1)                                                                 453,917                     447,382                     556,485

Net income for per share calculation                                            $      1,697,065           $       1,420,711           $       1,496,959

Basic weighted average Class A common shares                                        604,128,805                 589,099,824                 588,505,335
Class A common shares issuable upon
  redemption/exchange of minority interest(1)                                       221,333,732                 274,435,250                 349,231,576
Diluted effect of employee compensation related to
  Class A common shares                                                              36,406,094                  30,539,042                  23,089,039
Diluted effect of employee share purchase plan
  related to Class A common shares                                                          54,704                    183,717                     298,943

Weighted average Class A common shares                                              861,923,335                 894,257,833                 961,124,893

Diluted earnings per share                                                      $              1.97        $               1.59        $               1.56

     (1) Diluted earnings per share assumes the redemption and exchange of all Accenture SCA Class I common shares and Accenture Canada Holdings Inc.
         exchangeable shares, respectively, for Accenture Ltd Class A common shares on a one−for−one basis. The income effect does not take into account
         “Minority interest—other,” since those shares are not redeemable or exchangeable for Accenture Ltd Class A common shares.

     For fiscal 2007, 2006 and 2005, 8,318 options, zero options and 6,484,295 options, respectively, were
excluded from the calculation of diluted earnings per share because their exercise prices would render them
anti−dilutive.
3.     REORGANIZATION COSTS (BENEFITS)
     In fiscal 2001, the Company accrued reorganization liabilities in connection with its transition to a corporate
structure. These liabilities included certain non−income tax liabilities, such as stamp taxes, as well as liabilities
for certain individual income tax exposures related to the transfer of interests in certain entities to the Company
as part of the reorganization. These primarily represent unusual and disproportionate individual income tax
exposures assumed by certain, but not all, of the Company’s shareholders and partners in certain tax jurisdictions
specifically related to the transfer of their

                                                                            F−16
                                                                  ACCENTURE LTD
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
          (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
partnership interests in certain entities to the Company as part of the reorganization. The Company has identified
certain shareholders and partners who may incur such unusual and disproportionate financial damage in certain
jurisdictions. These include shareholders and partners who were subject to tax in their jurisdiction on items of
income arising from the reorganization transaction that were not taxable for most other shareholders and partners.
In addition, certain other shareholders and partners were subject to a different rate or amount of tax than other
shareholders or partners in the same jurisdiction. If additional taxes are assessed on these shareholders or partners
in connection with these transfers, the Company intends to make payments to reimburse certain costs associated
with the assessment either to the shareholder or partner, or to the taxing authority. The Company has recorded
reorganization expense and the related liability where such liabilities are probable. Interest accruals are made to
cover reimbursement of interest on such tax assessments.
     The Company’s reorganization activity is as follows:

                                                                                                            Year Ended August 31,
                                                                                                     2007          2006           2005

Reorganization liability balance, beginning of period                                              $ 350,864     $ 381,440     $    454,042
  Final determinations(1)                                                                            (44,066)      (72,362)        (115,444)
  Changes in estimates                                                                                44,066            —                —

     Benefits recorded                                                                                    —         (72,362)       (115,444)
  Interest expense accrued                                                                            26,366         24,396          26,187
  Payments                                                                                                —              —               —

Costs (benefits), net of accrued interest and payments                                                26,366        (47,966)        (89,257)
Foreign currency translation                                                                          23,998         17,390          16,655

Reorganization liability, end of period                                                            $ 401,228     $ 350,864     $   381,440

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

      As of August 31, 2007, reorganization liabilities of $376,793 were included in Other accrued liabilities
because expirations of statutes of limitations or other final determinations could occur within 12 months, and
reorganization liabilities of $24,435 were included in Other non−current liabilities. The Company anticipates that
reorganization liabilities will be substantially diminished by the end of fiscal 2008 because the Company expects
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 benefit or cost in the Company’s Consolidated Income Statement.

                                                                              F−17
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
4.   ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
     The components of Accumulated other comprehensive income (loss) were as follows:

                                                                                               August 31,
                                                                                           2007         2006

Unrealized losses on marketable securities, net of reclassification adjustments       $ (1,314)          $     (3,479)
Foreign currency translation adjustments                                                93,861                  9,387
Pension and postretirement plans adjustments, net of tax of $8,137 and $22,863,
  respectively                                                                             (8,386)            (32,402)

Accumulated other comprehensive income (loss)                                         $ 84,161           $ (26,494)

5.   PROPERTY AND EQUIPMENT
     The components of Property and equipment, net were as follows:

                                                                                           August 31,
                                                                                    2007                     2006

Buildings and land                                                             $       4,102         $       3,870
Computers, related equipment and software                                          1,410,010             1,245,334
Furniture and fixtures                                                               332,798               308,192
Leasehold improvements                                                               617,305               530,274

  Property and equipment, gross                                                     2,364,215             2,087,670
Total accumulated depreciation                                                     (1,556,146)           (1,359,978)

Property and equipment, net                                                    $     808,069         $        727,692

6.   BUSINESS COMBINATIONS AND GOODWILL
     On June 15, 2005, the Company acquired the net assets of Capgemini’s North American Health practice for
$175,000 in cash and incurred $3,525 in expenses that have been accounted for as part of the purchase price. The
business acquired by the Company provided hospitals, insurance companies and government entities with
systems integration and consulting services related to the delivery of and payment for healthcare services. The
primary assets acquired include professional staff, intellectual property regarding processes and numerous client
contracts that generally lasted less than one year. The Company recorded $144,986 of goodwill, all of which was
allocated to the Products reportable segment, and intangible assets of $25,600. The intangible assets are being
amortized over one to five years. The pro forma effects on the Company’s operations were not material. Also in
fiscal 2005, the Company recorded additional goodwill of $14,561 related to its acquisitions of Accenture HR
Services and $8,837 from other immaterial acquisitions during the year.
    During the year ended August 31, 2006, the Company recorded additional goodwill of $163,278, related to
seven individually immaterial acquisitions. These additions were offset by $29,771 in net goodwill adjustments,
primarily resulting from the reversal of valuation allowances related to pre−acquisition tax attributes recorded
under purchase accounting for previous acquisitions. The total consideration for fiscal 2006 acquisitions was
$209,267. The businesses acquired by the Company in

                                                      F−18
                                                 ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
fiscal 2006 provide various technology consulting, advisory and outsourcing services. In connection with these
acquisitions, the Company also recorded intangible assets of $49,189 which are being amortized over one to
seven years. The pro forma effects of the fiscal 2006 acquisitions on the Company’s operations were not
material.
    During the year ended August 31, 2007, the Company acquired the net assets of a provider of management
consulting services that assists companies and governments in enhancing their performance through strategic
process improvements, accelerated innovation and streamlined operations. In addition, the Company completed
two individually insignificant acquisitions. The combined purchase price for the fiscal 2007 acquisitions was
$185,823 in cash and $1,207 in expenses. The primary assets acquired include professional staff, intellectual
property regarding processes and numerous client contracts that generally lasted less than one year. The
Company recorded combined goodwill of $127,129, a portion of which was allocated to each of the reportable
segments, and combined intangible assets of $36,546. The intangible assets are being amortized over one to five
years. The pro forma effects on the Company’s operations were not material.
    During the year ended August 31, 2007, the Company also recorded net reductions in goodwill of $25,910,
primarily resulting from reversals of valuation allowances related to pre−acquisition tax attributes recorded under
purchase accounting for previous acquisitions and other adjustments related to purchase accounting for previous
acquisitions.
    The Company follows the impairment provisions and disclosure requirements of SFAS No. 142, “Goodwill
and Other Intangible Assets”. As such, the Company performed impairment tests of goodwill for the fiscal years
ended August 31, 2007 and 2006 and determined that goodwill was not impaired. The changes in the carrying
amount of goodwill by reportable segment are as follows:
                                                            Foreign                                    Foreign
                                                           Currency                                   Currency
                             August 31,     Additions/    Translation    August 31,     Additions/   Translation   August 31,
                               2005        Adjustments    Adjustments      2006        Adjustments   Adjustments     2007

Communications & High Tech   $    73,086   $     5,128    $      4,525   $    82,739   $    27,556   $     4,902   $   115,197
Financial Services                51,569        69,650           2,373       123,592         2,647         2,104       128,343
Government                        24,933         6,568           1,752        33,253        36,537         1,421        71,211
Products                         196,937        56,111           5,342       258,390        24,216         4,970       287,576
Resources                         31,963        (3,950)          1,661        29,674        10,263         1,464        41,401

Total                        $   378,488   $   133,507    $    15,653    $   527,648   $   101,219   $    14,861   $   643,728


                                                          F−19
                                                ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
7.   INVESTMENTS AND FINANCIAL INSTRUMENTS
     The components of the Company’s investments are as follows:

                                                  Amortized     Unrealized    Unrealized      Estimated
                                                    Cost          Gains        Losses         Fair Value

August 31, 2007
Available−for−sale debt securities
  Asset−backed securities                         $    27,459   $        1    $      (199)    $    27,261
  Certificates of deposit and time deposits            56,000           —             (14)         55,986
  Corporate debt securities                           167,706           29           (669)        167,066
  Foreign government securities                         3,264            5            (22)          3,247
  U.S. Treasury securities                             56,362           —            (483)         55,879

     Total available−for−sale debt securities         310,791           35          (1,387)       309,439
Available−for−sale equity securities                    2,477          418            (380)         2,515

     Total available−for−sale securities              313,268          453          (1,767)       311,954
Other                                                   1,259           —               —           1,259

     Total investments as of August 31, 2007      $   314,527   $      453    $     (1,767)   $   313,213

August 31, 2006
Available−for−sale debt securities
  Asset−backed securities                         $    24,759   $       —     $       (536)   $    24,223
  Certificates of deposit and time deposits            50,105            6              —          50,111
  Corporate debt securities                           331,979           79          (1,551)       330,507
  Foreign government securities                         3,803            1            (125)         3,679
  U.S. Treasury securities                             67,455           —           (1,592)        65,863

     Total available−for−sale debt securities         478,101           86          (3,804)       474,383
Available−for−sale equity securities                    2,018          297             (58)         2,257

     Total available−for−sale securities              480,119          383          (3,862)       476,640
Other                                                   1,430           —               —           1,430

     Total investments as of August 31, 2006      $   481,549   $      383    $     (3,862)   $   478,070


                                                      F−20
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
    The amortized cost and estimated fair value of available−for−sale debt securities, by contractual maturity,
were as follows:

                                                                                            August 31, 2007
                                                                                        Amortized      Estimated
                                                                                          Cost         Fair Value

Due in 1 year or less                                                                  $    231,614           $    231,278
Due in 1−2 years                                                                             55,763                 55,011
Due in 2−3 years                                                                              7,712                  7,591
Due in 3−4 years                                                                              7,438                  7,352
Due in 4−5 years                                                                              5,163                  5,136
Due after 5 years                                                                             3,101                  3,071

Total available−for−sale debt securities                                               $    310,791           $    309,439

    Information related to available−for−sale investments is as follows:

                                                                               Year Ended August 31,
                                                                       2007            2006                       2005

Proceeds from maturities                                           $     662,190        $       504,265       $    901,032
Proceeds from sales                                                      223,273                153,364             43,452
Gross realized gains                                                      19,175                  3,347             26,291
Gross realized losses                                                        156                    305              3,956
Foreign Exchange Instruments
     Market quoted exchange rates are used to determine the fair value of foreign exchange instruments. The
notional values and fair values of such instruments were as follows:

                                                                                   August 31,
                                                                  2007                                     2006
                                                       Notional            Fair                 Notional           Fair
                                                        Value              Value                 Value             Value

Foreign currency forward exchange contracts:
  To sell                                          $     427,602          $ (8,470)         $     176,486         $ (4,740)
  To buy                                                 510,271             3,726                471,280           (2,908)

                                                        F−21
                                                                     ACCENTURE LTD
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
             (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
8.      BORROWINGS AND INDEBTEDNESS
        As of August 31, 2007, the Company had the following borrowing facilities:

                                                                                                                                                     Borrowings
                                                                                                                                                       Under
                                                                                                                 Facility Amount                      Facilities

Syndicated loan facility(1)                                                                                     $            1,200,000              $               —
Separate bilateral, uncommitted, unsecured multicurrency revolving
  credit facilities(2)                                                                                                         350,000                            924
Local guaranteed and non−guaranteed lines of credit(3)                                                                         139,312                             —

Total                                                                                                           $            1,689,312              $             924

     (1) On July 12, 2007, the maturity of the Company’s existing $1.2 billion syndicated loan facility was extended one year, resulting in a current maturity of
         July 31, 2012. This facility provides unsecured, revolving borrowing capacity for general working capital purposes, including the issuance of letters of
         credit. Financing is provided under this facility at the prime rate or at the London Interbank Offered Rate plus a spread. This facility requires us to:
         (1) limit liens placed on the Company’s assets to (a) liens incurred in the ordinary course of business (subject to certain qualifications) and (b) other liens
         securing obligations not to exceed 30% of the Company’s consolidated assets; and (2) maintain a debt−to−cash−flow ratio not exceeding 1.75 to 1.00. The
         Company continues to be in compliance with these terms. As of August 31, 2007 and 2006, the Company had no borrowings under the facility. The facility
         is subject to annual commitment fees.

     (2) The Company maintains three separate bilateral, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local
         currency financing for the majority of the Company’s operations. Interest rate terms on the bilateral revolving facilities are at market rates prevailing in the
         relevant local markets. As of August 31, 2007 and 2006, the Company had $924 and $2,218, respectively, of borrowings under these facilities. The
         weighted average interest rate on borrowings under these multicurrency credit facilities and lines of credit, based on the average annual balances, was
         approximately 5% in fiscal 2007, 5% in fiscal 2006 and 7% in fiscal 2005.

     (3) The Company also maintains local guaranteed and non−guaranteed lines of credit for those locations that cannot access the Company’s global facilities. As
         of August 31, 2007 and 2006, the Company had no borrowings under these various facilities.

     Under the borrowing facilities described above, the Company had an aggregate of $164,019 and $153,318 of
letters of credit outstanding as of August 31, 2007 and 2006, respectively. In addition, the Company had no other
short−term borrowings as of August 31, 2007 and 2006. The Company also had total outstanding debt of $25,430
and $49,639 as of August 31, 2007 and 2006, respectively, which was primarily incurred in conjunction with the
purchase of Accenture HR Services.

                                                                                 F−22
                                                                 ACCENTURE LTD
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
           (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
9.    INCOME TAXES

                                                                                                        Year Ended August 31,
                                                                                            2007               2006(1)                              2005

Current taxes:
     U.S. Federal                                                                    $        361,351             $       216,549              $    138,457
     U.S. state and local                                                                      44,394                      30,935                    19,779
     Non−U.S.                                                                                 597,218                     463,586                   478,049

               Total current tax expense                                                   1,002,963                      711,070                   636,285

Deferred taxes:
     U.S. Federal                                                                            (102,741)                  (102,321)                     55,344
     U.S. state and local                                                                     (12,622)                   (14,617)                      7,906
     Non−U.S.                                                                                   8,261                   (103,597)                     (2,438)

               Total deferred tax (benefit) expense                                          (107,102)                  (220,535)                     60,812

Total                                                                                $        895,861             $       490,535              $    697,097

     (1) 2006 adjusted to reflect the impact of a reallocation of current and deferred tax (benefit) expense between U.S. and non−U.S. There was no change in
         total to current or deferred (benefit) expense or to total U.S. or total non−U.S. expense.

     Deferred income tax expense related to the additional minimum pension liability was $13,577 and $102,863
in fiscal 2007 and 2006, respectively, and was recorded in Accumulated other comprehensive income (loss) in
the Consolidated Balance Sheets.
      The components of Income before income taxes were as follows:

                                                                                                       Year Ended August 31,
                                                                                         2007                  2006                                2005

U.S. sources                                                                     $         606,437            $         648,283            $         682,030
Non−U.S. sources                                                                         2,012,481                    1,275,384                    1,523,972

Total                                                                            $       2,618,918            $       1,923,667            $       2,206,002


                                                                             F−23
                                                                  ACCENTURE LTD
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
          (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
    The reconciliation of the U.S. Federal statutory income tax rate to the Company’s effective income tax rate
was as follows:

                                                                                                                  Year Ended August 31,
                                                                                                               2007       2006        2005

U.S. Federal statutory income tax rate                                                                           35.0%                35.0%               35.0%
U.S. state and local taxes, net                                                                                   1.0                  1.7                 1.6
Reorganization cost (benefits)                                                                                    0.4                 (0.9)               (1.4)
Final determinations(1)                                                                                          (1.8)               (10.8)               (6.4)
Deferred tax revaluation(2)                                                                                       1.0                 (3.8)                 —
Non−U.S. operations                                                                                              (2.8)                 0.5                (0.4)
Other                                                                                                             1.4                  3.8                 3.2

  Effective income tax rate                                                                                      34.2%                25.5%               31.6%

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

  (2) Related to updated estimates of the probable future benefits of certain deferred tax assets and the impact of tax rate changes on deferred tax assets and
      liabilities.



                                                                              F−24
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)

    The components of the Company’s deferred tax assets and liabilities included the following:

                                                                                              August 31,
                                                                                       2007                2006

Deferred tax assets:
  Pensions                                                                         $    62,482       $      77,845
  Revenue recognition                                                                   61,206              43,747
  Compensation and benefits                                                            235,905             165,180
  Stock−based Compensation                                                             210,001             161,220
  Tax credit carryforwards                                                              22,775              13,937
  Net operating loss carryforwards                                                     173,402             271,458
  Depreciation and amortization                                                        142,661             144,023
  Other                                                                                 83,427              48,513

                                                                                        991,859             925,923
     Valuation allowance                                                               (157,905)           (198,654)

  Total deferred tax assets                                                            833,954             727,269

Deferred tax liabilities:
  Revenue recognition                                                                   (64,440)            (71,319)
  Depreciation and amortization                                                         (28,673)            (58,660)
  Investments                                                                           (59,347)            (51,375)
  Other                                                                                 (44,300)            (32,734)

  Total deferred tax liabilities                                                       (196,760)           (214,088)

Net deferred tax assets                                                            $   637,194       $     513,181

     The Company recorded valuation allowances of $157,905 and $198,654 as of August 31, 2007 and 2006,
respectively, against deferred tax assets associated with certain tax net operating loss and tax credit
carryforwards, as the Company believes it is more likely than not that these assets will not be realized. During
the year ended August 31, 2007, the Company recorded a $42,995 reversal of valuation allowances against
deferred tax assets primarily for tax net operating loss carryforwards. The reversal was recorded as a $22,235
reduction of goodwill related to pre−acquisition tax attributes recorded under purchase accounting and a $20,760
discrete tax benefit recorded in the second quarter. In addition, the Company recorded a net increase of $2,246
related to individually insignificant changes in the valuation allowance. As of August 31, 2007 and 2006, $3,997
and $20,736, respectively, of the valuation allowances related to pre−acquisition tax attributes recorded under
purchase accounting, the reversal of which in future years will be allocated first to reduce goodwill and then to
reduce other non−current intangible assets of the acquired entity. In addition, $1,092 and $2,043 of the valuation
allowances as of August 31, 2007 and 2006, respectively, related to tax attributes, the reversal of which in future
years will be allocated to Additional paid−in capital and Retained earnings.

                                                       F−25
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
    The Company had net operating loss carryforwards as of August 31, 2007 of $586,713. Of this amount,
$217,368 expires at various dates through 2025 and $369,345 has an indefinite carryforward period. The
Company had tax credit carryforwards as of August 31, 2007 of $22,775, of which $16,631 will expire at various
dates through 2026 and $6,144 has an indefinite carryforward period.
     As of August 31, 2007, the Company had not recognized a deferred tax liability on $874,852 of
undistributed earnings for certain subsidiaries, because these earnings are intended to be permanently reinvested.
If such earnings were distributed, some countries may impose withholding taxes. It is not practicable to
determine the amount of the related unrecognized deferred income tax liability.
      On October 22, 2004, the American Jobs Creation Act (“AJCA”) became law. The AJCA includes a
deduction of 85 percent of certain foreign earnings that are repatriated, as defined in the AJCA. The Company’s
affiliate Avanade Inc. (“Avanade”) elected to apply this provision to qualifying earnings repatriations in its tax
year ending September 30, 2006. Avanade elected under this provision to repatriate $20,643 in September 2006.
The tax expense on the repatriated earnings was $4.
     A portion of the Company’s operations are subject to a reduced tax rate or are free of tax under various tax
holidays which expire during fiscal 2009, 2010, and 2013. The income tax benefits attributable to the tax status
of these subsidiaries were estimated to be approximately $23,000, $20,000 and $17,000 in fiscal 2007, 2006 and
2005, respectively.
    During fiscal 2007, the Internal Revenue Service commenced an examination of the Company’s Federal
income tax return for fiscal 2004 and 2005. During fiscal 2006, the Internal Revenue Service commenced an
examination of the Company’s Federal income tax return for fiscal 2003. The Company expects these audits to
be completed by fiscal 2009. The Company is also under examination by numerous state and non−U.S. tax
authorities. Although the outcome of tax audits is always uncertain and could result in significant cash tax
payments, the Company does not believe the outcome of these audits will have a material adverse effect on the
Company’s consolidated financial position or results of operations.
     If the Company or one of its non−U.S. subsidiaries were classified as a foreign personal holding company,
the Company’s U.S. shareholders would be required to include in income, as a dividend, their pro rata share of
the Company’s (or the Company’s relevant non−U.S. subsidiary’s) undistributed foreign personal holding
company income.
    Because of the application of complex U.S. tax rules regarding attribution of ownership, certain
non−U.S. subsidiaries of Accenture Ltd met the definition of a foreign personal holding company in fiscal 2005.
However, there is no foreign personal holding company income that the Company’s U.S. shareholders are
required to include in income for such years.
     In the event that the Company has net foreign personal holding company income, the Company may
distribute a dividend to shareholders to avoid having taxable income imputed under these rules. Under certain
circumstances, such a distribution could create additional income tax costs to the Company. Since the Company
did not have any foreign personal holding company income in fiscal 2005, no such taxes have been provided.
    U.S. tax law repealed the foreign personal holding company provisions, effective for all tax years after fiscal
2005.

                                                       F−26
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
10.   RETIREMENT AND PROFIT SHARING PLANS
Defined Benefit Pension and Postretirement Benefits
     In the United States and certain other countries, the Company maintains and administers defined benefit
retirement plans and postretirement medical plans for certain current, retired and resigned employees. Benefits
under the employee retirement plans are primarily based on years of service and compensation during the years
immediately preceding retirement or termination of participation in the plan. The Company utilizes actuarial
methods required by SFAS No. 87 and SFAS No. 106, “Employers’ Accounting for Postretirement Benefits
Other Than Pensions” (“SFAS No. 106”), to account for pension and postretirement benefit plans, respectively.
     In addition, certain postemployment benefits, including severance benefits, disability−related benefits and
continuation of benefits, such as healthcare benefits and life insurance coverage, are provided to former or
inactive employees after employment but before retirement. These costs are substantially provided for on an
accrual basis.
    The impact of the initial adoption of SFAS No. 158 on individual line items in the Company’s Consolidated
Balance Sheet as of August 31, 2007 for its defined benefit pension and postretirement plans was as follows:

                                                                                                  August 31,
                                                     August 31, 2007                                2007
                                                         Before                 SFAS                After
                                                      SFAS No. 158             No. 158           SFAS No. 158
                                                      Adjustments            Adjustments         Adjustments

Prepaid benefit cost                                $          146,330      $       14,544       $       160,874
Deferred income taxes                                           20,581             (12,423)                8,158
Accrued benefit liability                                      391,450             (23,932)              367,518
Accumulated other comprehensive (loss) income                  (34,439)             26,053                (8,386)
Assumptions
    The weighted−average assumptions used to determine the net periodic pension and postretirement benefits
expense are as follows:

                                                        Pension Benefits
                                                    Year Ended August 31,
                              2007                            2006                             2005
                                     Non−U.S.                      Non−U.S.                           Non−U.S.
                   U.S. Plans         Plans         U.S. Plans      Plans           U.S. Plans         Plans

Discount rate             6.50%           4.68%            5.25%           4.28%           6.25%           4.93%
Expected rate of
  return on plan
  assets                  7.50%           5.67%            7.50%           5.57%           7.50%           5.19%
Rate of increase
  in future
  compensation            4.50%           3.45%            4.50%           3.27%           4.50%           3.16%

                                                        F−27
                                                     ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)

                                                                          Postretirement Benefits
                                                                          Year Ended August 31,
                                                    2007                            2006                            2005
                                            U.S.           Non−U.S.                      Non−U.S.           U.S.           Non−U.S.
                                            Plans           Plans         U.S. Plans      Plans             Plans           Plans

Discount rate                              6.50%               6.00%      5.25%              5.50%         6.25%               6.75%
Expected rate of return on plan assets  7.50%/3.50%            N/A     7.50%/3.50%           N/A        7.50%/3.50%            N/A
Rate of increase in future compensation     N/A                2.90%       N/A               3.50%          N/A                4.50%
     The weighted−average assumptions used to determine the fiscal year−end benefit obligations are as follows:

                                            Pension Benefits                                 Postretirement Benefits
                                         Year Ended August 31,                               Year Ended August 31,
                                      2007                    2006                        2007                     2006
                                          Non−U.S.                Non−U.S.                    Non−U.S.                 Non−U.S.
                             U.S. Plans    Plans     U.S. Plans    Plans         U.S. Plans    Plans     U.S. Plans     Plans

Discount rate                   6.25%      5.08%           6.50%       4.68%        6.25%           5.70%      6.50%           6.00%
Rate of increase in future
  compensation                  4.50%      3.84%           4.50%       3.45%        N/A             2.57%      N/A             2.90%
     The Company’s methodology for selecting the discount rate for the U.S. Plans is to match the plans’ cash
flows to that of a yield curve that provides the equivalent yields on zero−coupon corporate bonds for each
maturity. The discount rate assumption for the Non−U.S. Plans primarily reflects the market rate for
high−quality, fixed−income debt instruments. The discount rate assumptions are based on the expected duration
of the benefit payments for each of the Company’s pension plans as of the annual measurement date and is
subject to change each year. The expected long−term rate of return on plan assets should, over time, approximate
the actual long−term returns on pension and other postretirement plan assets and is based on historical returns
and the future expectations for returns for each asset class, as well as the target asset allocation of the asset
portfolio.
Assumed Health Care Cost Trend
     The Company’s U.S. Postretirement Benefits annual rate increases in the per capita cost of health care
benefits of 8.5% (under age 65) and 9.0% (over age 65) were assumed for the plan year ending June 30, 2008.
The rate is assumed to decrease on a straight−line basis to 5% for the plan year ending June 30, 2011 and remain
at that level thereafter. A one percentage point change in the assumed health care cost trend rates would have the
following effects:

                                                                One Percentage Point                  One Percentage Point
                                                                      Increase                              Decrease
                                                                 2007          2006                    2007          2006

Effect on total of service and interest cost
  components                                                   $ 1,332           $ 3,119             $ (1,125)             $ (2,415)
Effect on year−end postretirement benefit
  obligation                                                     12,832            11,526              (11,158)              (9,560)
                                                                F−28
                                                ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Pension and Postretirement Benefits Expense
    The Company uses either a June 30 or August 31 measurement date for its U.S. and non−U.S. benefit plans.
    The components of pension and postretirement benefits expense are as follows:

                                                               Pension Benefits
                                                           Year Ended August 31,
                                     2007                           2006                             2005
                                         Non−U.S.                        Non−U.S.                           Non−U.S.
                            U.S. Plans    Plans            U.S. Plans     Plans            U.S. Plans        Plans

Components of
   pension expense
Service cost            $      50,825      $   53,720     $      64,410     $   51,496     $   49,518     $    45,054
Interest cost                  53,963          28,491            49,923         20,865         42,760          18,037
Expected return on plan
   assets                      (59,784)        (26,649)          (52,318)       (19,833)       (42,892)       (15,305)
Amortization of loss
   (gain)                       1,271           1,319            31,140          1,962         13,675          (1,023)
Amortization of prior
   service cost                   724             684             1,149            709          1,291           1,579
Curtailment (gain) loss
   recognized                  (12,608)         (1,640)              —             183             —             243
Special termination
   benefits charge                 —               —                 —           1,582             —            1,299

Total                   $      34,391      $   55,925     $      94,304     $   56,964     $   64,352     $    49,884


                                                           Postretirement Benefits
                                                           Year Ended August 31,
                                    2007                             2006                            2005
                                           Non−U.S.                       Non−U.S.                          Non−U.S.
                        U.S. Plans          Plans          U.S. Plans      Plans           U.S. Plans        Plans

Components of
   postretirement
   expense
Service cost            $       6,665     $     1,231     $      10,102     $     2,061    $    7,091     $     1,646
Interest cost                   6,081           1,522             6,150           1,766         5,534           1,776
Expected return on
   plan assets                 (1,500)             —              (1,419)           —           (1,335)           —
Amortization of
   transitional
   obligation                     80               —                 79             —              79             —
Amortization of loss              —                95             2,518            198          1,493             94
Amortization of prior
   service cost                  (801)           (753)             (801)           (281)         (801)          (161)
Curtailment loss
   recognized                     —               (54)               —             (472)           —            (222)

Total                   $      10,525     $     2,041     $      16,629     $     3,272    $   12,061     $     3,133


                                                          F−29
                                                                    ACCENTURE LTD
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
           (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Benefit Obligation, Plan Assets and Funded Status
      The changes in the benefit obligation, plan assets and the funded status of the benefit plans were as follows:
                                                                 Pension Benefits                                           Postretirement Benefits
                                                              Year Ended August 31,                                         Year Ended August 31,
                                                     2007                             2006                           2007                             2006
                                                            Non−U.S.                         Non−U.S.                       Non−U.S.                         Non−U.S.
                                          U.S. Plans         Plans         U.S. Plans         Plans        U.S. Plans        Plans        U.S. Plans          Plans

Changes in benefit obligation
Benefit obligation, beginning of year     $   840,271     $     616,278    $    957,547    $   511,585     $    94,938    $    25,762     $   118,336    $      31,411
Service cost                                   50,825            53,720          64,410         51,496           6,665          1,231          10,102            2,061
Interest cost                                  53,963            28,491          49,923         20,865           6,081          1,522           6,150            1,766
Amendments                                        (37)               —               —         (11,794)             —              —               —            (5,687)
Termination benefits                               —                 —               —           1,582              —              —               —                —
Participant contributions                          —              7,701              —           6,544              —              —               —                —
Acquisitions/divestitures/transfers                —                 —               —          39,325              —              —               —                —
Curtailments                                  (13,373)           (1,439)             —          (1,300)             —            (309)             —            (2,136)
Actuarial loss (gain)                          59,806           (52,035)       (215,857)        (3,317)          1,128          1,546         (37,868)          (3,478)
Benefits paid                                 (18,424)          (17,751)        (15,752)       (28,676)         (1,406)          (366)         (1,782)            (250)
Exchange rate loss                                 —             32,068              —          29,968              —           1,493              —             2,075
Settlements                                        —            (13,697)             —              —               —              —               —                —

Benefit obligation, end of year           $   973,031     $     653,336    $   840,271     $   616,278     $   107,406    $    30,879     $    94,938    $      25,762

Changes in plan assets
Fair value of plan assets, beginning of
   year                                   $   801,644     $     458,491    $   701,343     $   344,088     $    26,577    $        —      $    25,643    $          —
Actual return on plan assets                  148,071            34,212         81,086          23,998           2,672             —            1,839               —
Acquisitions/divestitures/transfers                —                 —           2,733          28,550              —              —               —                —
Employer contributions                          7,889            92,291         32,234          60,414             479            366             877              250
Participant contributions                          —              7,701             —            6,544              —              —               —                —
Benefits paid                                 (18,424)          (17,751)       (15,752)        (28,676)         (1,406)          (366)         (1,782)            (250)
Exchange rate gain                                 —             25,732             —           23,573              —              —               —                —
Settlements                                        —            (13,697)            —               —               —              —               —                —

Fair value of plan assets, end of year    $   939,180     $     586,979    $   801,644     $   458,491     $    28,322    $        —      $    26,577    $         —

Reconciliation of funded status
Funded status                            $     (33,851)   $     (66,357)   $    (38,627)   $ (157,787)     $   (79,084)   $ (30,879)      $   (68,361)   $ (25,762)
Unrecognized transitional obligation                —                —               —             —               437           —                519           —
Unrecognized loss                               29,367            5,185          59,117        63,918            2,090        2,978             2,132        1,683
Unrecognized prior service cost (credit)         1,211           (9,375)          2,739        (7,913)          (6,505)      (8,865)           (7,306)      (9,268)
Contribution made after measurement
  date                                             —              3,462             —             1,985            —               64              —               44

Net amount recognized at year−end         $     (3,273)   $     (67,085)   $    23,229     $    (99,797)   $   (83,062)   $ (36,702)      $   (73,016)   $ (33,303)

Amounts recognized in the
   Consolidated Balance Sheets
   consist of:
Prepaid benefit cost                      $     99,510    $      61,364    $    110,377    $     11,175    $        —     $        —      $        —     $          —
Accrued benefit liability                     (133,361)        (124,259)       (122,350)       (131,035)       (79,084)       (30,815)        (73,016)         (33,303)
Intangible asset                                    —                —               —               —              —              —               —                —
Accumulated other comprehensive loss
   (income), pre−tax                           30,578            (4,190)        35,202          20,063          (3,978)         (5,887)            —               —

Net amount recognized at year−end         $     (3,273)   $     (67,085)   $    23,229     $    (99,797)   $   (83,062)   $ (36,702)      $   (73,016)   $ (33,303)


                                                                                F−30
                                              ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Accumulated Other Comprehensive Loss (Income)
    The pre−tax net actuarial loss, prior service cost (credit) and transition obligation recognized in accumulated
other comprehensive loss (income) as of August 31, 2007 was as follows:

                                                                                      Postretirement Benefits
                                                      Pension Benefits                Year Ended August 31,
                                                 Year Ended August 31, 2007                     2007
                                                                  Non−U.S.                           Non−U.S.
                                                 U.S. Plans         Plans             U.S. Plans      Plans

Net actuarial loss                              $       29,367       $     5,185     $      2,090     $     2,978
Prior service cost (credit)                              1,211            (9,375)          (6,505)         (8,865)
Transition obligation                                       —                 —               437              —

Total                                           $       30,578       $    (4,190)    $     (3,978)    $    (5,887)

    The estimated amounts that will be amortized from accumulated other comprehensive loss (income) as of
August 31, 2007 into net periodic pension and postretirement benefits expense during the year ended August 31,
2008 are as follows:

                                                        Pension Benefits             Post Retirement Benefits
                                                                  Non−U.S.                         Non−U.S.
                                                    U.S. Plans      Plans            U.S. Plans       Plans

Actuarial loss (gain)                               $     1,918      $    (1,380)             —                73
Prior service cost (credit)                                 436              440            (801)            (798)
Transition obligation                                        —                —               80               —

Total                                               $     2,354      $     (940)     $      (721)     $      (725)

Funded Status for Defined Benefit Plans
     Generally, annual contributions are made at such times and in amounts as required by law and may, from
time to time, exceed minimum funding requirements. The Company’s U.S. pension plans include plans covering
certain U.S. employees and former employees, as well as a frozen plan for former pre−incorporation partners,
which is unfunded.
    SFAS No. 87 requires recognition of a minimum pension liability if the fair value of pension assets was less
than the accumulated benefit obligation. For the year ended August 31, 2006, the charge was $154,827,
representing an adjustment to increase the pension liability by $257,690, net of a tax expense of $102,863. These
adjustments were included in Accumulated other comprehensive income (loss).

                                                        F−31
                                                  ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
    The accumulated benefit obligation for all U.S. and non−U.S. defined benefit pension plans as of August 31,
2007 and 2006 was as follows:

                                                                                       August 31,
                                                                       2007                                  2006
                                                             U.S.             Non−U.S.              U.S.             Non−U.S.
                                                             Plans             Plans                Plans             Plans

Accumulated benefit obligation                             $ 934,825       $ 545,494          $ 790,288              $ 518,723
    The following information is provided for defined benefit pension plans with projected benefit obligations in
excess of plan assets and for plans with accumulated benefit obligations in excess of plan assets:

                                  Pension Benefits                                   Postretirement Benefits
                            2007                    2006                         2007                       2006
                                Non−U.S.                Non−U.S.                     Non−U.S.                   Non−U.S.
                   U.S. Plans    Plans     U.S. Plans    Plans          U.S. Plans     Plans      U.S. Plans     Plans

Projected
  benefit
  obligation in
  excess of plan
  assets:
Projected benefit
  obligation       $   133,361   $ 212,043   $   122,350   $ 446,652   $   107,406     $   30,879     $     94,938    $   25,763
Fair value of plan
  assets                   —        87,905           —       271,545          28,322          —             26,577           —
Accumulated
  benefit
  obligation in
  excess of plan
  assets:
Accumulated
  benefit
  obligation       $   133,361   $ 188,609   $   122,350   $ 186,122   $         —     $      —       $        —      $      —
Fair value of plan
  assets                   —        87,905           —        75,324             —            —                —             —
Investment Strategies
U.S. Pension Plans
     The overall investment objective of the plans is to provide growth in the assets of the plans to help fund
future benefit obligations while managing risk in order to meet current benefit obligations. The plans’ future
prospects, their current financial conditions, the Company’s current funding levels and other relevant factors
suggest that the plans can tolerate some interim fluctuations in market value and rates of returns in order to
achieve long−term objectives without undue risk to the plans’ ability to meet their current benefit obligations.
     The Company recognizes that asset allocation of the pension plans’ assets is an important factor in
determining long−term performance. Actual asset allocations at any point in time may vary from the specified
targets below and will be dictated by current and anticipated market conditions, required cash flows, and
investment decisions of the investment committee and the pension plans’ investment funds and managers.
Ranges are established to provide flexibility for the asset allocation to vary around the targets without the need
for immediate rebalancing.
Non−U.S. Pension Plans
     Plan assets in non−U.S. pension plans conform to the investment policies and procedures of each plan and to
relevant legislation. The pension committee or trustee of each plan regularly, but at least annually, reviews the
investment policy and the performance of the investment managers. In certain countries, the trustee is also
required to consult with the Company. Generally, the investment return

                                                           F−32
                                                                                    ACCENTURE LTD
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
             (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
objective of each plan is to achieve a total annualized rate of return that exceeds inflation over the long term by
an amount based on the target asset mix of that plan. In certain countries, plan assets are invested in funds that
are required to hold a majority of assets in bonds, with a smaller proportion in equities. Also, certain plan assets
are entirely invested in contracts held with the plan insurer, who determines the investment strategy. Pension
plans in certain countries are unfunded.
Plan Assets
     The following table shows the Company’s target allocation for fiscal 2008 and weighted−average asset
allocations as of August 31, 2007 and 2006 by asset category, for its pension and postretirement benefit plans:
Pension Plans

                                                                             2008 Target                            Plan Assets as of August 31,
                                                                              Allocation                        2007                             2006
                                                                                       Non−U.S.                      Non−U.S.                         Non−U.S.
                                                                      U.S. Plans         Plans       U.S. Plans        Plans          U.S. Plans       Plans

Asset Category
Equity securities                                                                  80%      40−50%           81%            48%             79%                  44%
Debt securities                                                                    20       35−45            18             38              21                   39
Cash and short−term investments                                                    —          0−5             1             —               —                     2
Insurance contracts                                                                —          0−5            —               1              —                    13
Other                                                                              —        10−15            —              13              —                     2

Total                                                                            100%         n/m           100%            100%           100%                100%

                                                                                                                                              n/m = not meaningful

U.S. Postretirement Plan(1)

                                                                                                                                      Plan Assets as of
                                                                                                              2008 Target                August 31,
                                                                                                               Allocation             2007            2006

Asset Category
Equity securities                                                                                                           38%           39%                 37%
Debt securities                                                                                                             21            16                  20
Cash and short−term investments                                                                                             41            45                  43

Total                                                                                                                     100%           100%               100%

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

Expected Contributions
       In fiscal 2008, no contribution will be required for U.S. employees’ pension plans. In fiscal 2008, the
Company estimates it will contribute approximately $25,000 to its non−U.S. pension plans. Cash funding for
retiree medical plans in fiscal 2008 is estimated to be approximately $2,000. In fiscal

                                                                                            F−33
                                               ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
2008, the Company expects to pay approximately $9,000 of benefit payments related to the unfunded frozen plan
for former pre−incorporation partners. The Company has not determined whether it will make additional
voluntary contributions for employee pension plans.
Estimated Future Benefit Payments
      Benefit payments, which reflect expected future service, as appropriate, are expected to be paid as follows:

                                                       Pension Benefits                Postretirement Benefits
                                                                  Non−U.S.                           Non−U.S.
                                                  U.S. Plans        Plans             U.S. Plans       Plans

2008                                             $     19,443      $    15,476       $     3,653       $       468
2009                                                   22,140           16,506             4,290               537
2010                                                   24,742           17,790             5,096               618
2011                                                   27,522           19,465             5,902               719
2012                                                   30,469           21,116             6,478               834
2013−2017                                             203,822          135,952            47,291             6,534
Defined Contribution Plans
    As of January 1, 2004, the Company established a trusteed employer 401(k) match plan, the Accenture
U.S. 401(k) Match and Savings Plan, in the United States. The total costs of the 401(k) match plan were $53,202,
$48,086 and $44,172 in fiscal 2007, 2006 and 2005, respectively.
     In the United States, the Company maintains and administers a trusteed profit sharing plan, the Accenture
U.S. Discretionary Profit Sharing Plan. The annual discretionary profit sharing contribution is determined by
management after the end of the fiscal year. The liability recorded as of August 31, 2007 and 2006 for profit
sharing was $58,358 and $52,691, respectively. The Company expects to pay the liability recorded as of
August 31, 2007 in the first quarter of fiscal 2008. The total costs of the profit sharing plan were $58,358,
$52,691, and $49,702 in fiscal 2007, 2006 and 2005, respectively.
    In the United Kingdom, the Company maintains and administers a defined contribution plan, the Accenture
Retirement Savings Plan. The Company provides matching contributions up to certain amounts based upon the
age of the eligible employee. The total costs of the plan were $57,975, $50,225 and $46,045 in fiscal 2007, 2006
and 2005, respectively.
11.     SHARE−BASED COMPENSATION
     In December 2004, the FASB issued SFAS No. 123R which is a revision of SFAS No. 123, and supersedes
APB No. 25, and its related implementation guidance. On September 1, 2005, the Company adopted the
provisions of SFAS No. 123R using the modified prospective method. SFAS No. 123R focuses primarily on
accounting for transactions in which an entity obtains employee services in share−based payment transactions.
SFAS No. 123R requires entities to recognize compensation expense for awards of equity instruments to
employees based on the grant−date fair value of those awards (with limited exceptions). SFAS No. 123R also
requires the benefits of tax deductions in excess of compensation expense to be reported as a financing cash flow,
rather than as an operating

                                                        F−34
                                              ACCENTURE LTD
              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
       (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
cash flow as prescribed under the prior accounting rules. This requirement reduces net operating cash flows and
increases net financing cash flows in periods after adoption. Total cash flow remains unchanged from what
would have been reported under prior accounting rules. Upon the adoption of SFAS No. 123R, the Company
recognized an immaterial one−time gain based on SFAS No. 123R’s requirement to apply an estimated forfeiture
rate to unvested awards. Previously, the Company recorded forfeitures as incurred.
     Prior to the adoption of SFAS No. 123R, the Company followed the intrinsic value method in accordance
with APB No. 25 to account for its employee stock options and share purchase rights. Accordingly, no
compensation expense was recognized for share purchase rights granted in connection with the issuance of stock
options under the Accenture Ltd 2001 Share Incentive Plan (the “SIP”) and through the Accenture Ltd 2001
Employee Share Purchase Plan (the “ESPP”); however, compensation expense was recognized in connection
with the issuance of restricted share units granted under the SIP. The adoption of SFAS No. 123R primarily
resulted in a change in the Company’s method of recognizing the fair value of share−based compensation and
estimating forfeitures for all unvested awards. Specifically, the adoption of SFAS No. 123R resulted in the
Company recording compensation expense for employee stock options and employee share purchase rights. The
impact of adopting SFAS No. 123R on Net Income and Earnings per share for the year ended August 31, 2006
was a decrease of $43,816 and $0.08, respectively.
     Results for fiscal 2005 have not been restated. Had compensation expense for employee stock options
granted under the SIP and for employee share purchase rights under the ESPP been determined based on fair
value at the grant date consistent with SFAS No. 123, with stock options expensed using the accelerated expense
attribution method, the Company’s Net income and Earnings per share for fiscal 2005 would have been reduced
to the pro forma amounts indicated below:

                                                                             Year Ended August 31,
                                                                                     2005

Net income as reported                                                      $                 940,474
     Add: Share−based compensation expense already included in Net
        income as reported, net of tax and minority interest                                   52,140
     Deduct: Pro forma employee compensation cost related to stock
        options, restricted share units and employee share purchase plan,
        net of tax and minority interest                                                     (150,105)

     Subtotal                                                                                  (97,965)

Pro forma net income                                                        $                 842,509

Basic earnings per Class A common share:
     As reported                                                            $                     1.60
     Pro forma                                                              $                     1.43
Diluted earnings per Class A common share:
     As reported                                                            $                     1.56
     Pro forma                                                              $                     1.40

                                                      F−35
F−37
                                                     ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Share Incentive Plan
    The SIP is administered by the Compensation Committee of the Board of Directors of the Company and
provides for the grant of nonqualified share options, incentive stock options, restricted share units and other
share−based awards. A maximum of 375,000,000 Accenture Ltd Class A common shares are currently
authorized for awards under the SIP. As of August 31, 2007, 154,407,572 shares were available for future grants
under the SIP. Accenture Ltd Class A common shares covered by awards that expire, terminate or lapse will
again be available for the grant of awards under the SIP.
     The Company issues new shares and shares from treasury for shares delivered under the SIP. The parameters
of the Company’s share purchase and redemption activities are not established solely with reference to the
dilutive impact of deliveries made under the SIP. However, the Company expects that, over time, share purchases
will offset the dilutive impact of deliveries to be made under the SIP.
     A summary of information with respect to share−based compensation is as follows:

                                                                                                 Year Ended August 31,
                                                                                        2007             2006              2005

Total share−based compensation expense included in Net income                        $ 306,795         $ 270,884         $ 88,341
Income tax benefit related to share−based compensation included in Net income          102,823            93,029            8,274
Restricted Share Units
     Under the SIP, participants may be granted restricted share units, each of which represents an unfunded,
unsecured right, which is nontransferable except in the event of death of the participant, to receive an Accenture
Ltd Class A common share on the date specified in the participant’s award agreement. The restricted share units
granted under this plan are subject to cliff or graded vesting, generally ranging from 2 to 10 years. For awards
with graded vesting, compensation expense is recognized over the vesting term of each separately vesting
portion. Compensation expense is recognized on a straight−line basis for awards with cliff vesting. Restricted
share unit activity during the year ended August 31, 2007 was as follows:

                                                                                                     2007
                                                                                  Number of              Weighted Average
                                                                                Restricted Share          Grant−Date Fair
                                                                                     Units                    Value

Nonvested balance as of August 31, 2006                                               33,409,269          $                 23.89
  Granted                                                                             11,355,972                            35.15
  Vested                                                                              (2,740,433)                           26.55
  Forfeited                                                                           (2,007,016)                           25.45

Nonvested balance as of August 31, 2007                                               40,017,792          $                 26.81

     As of August 31, 2007, there was $482,196 of total restricted share unit compensation expense related to
nonvested awards not yet recognized, which is expected to be recognized over a weighted average period of
2.1 years. As of August 31, 2007, there were 11,759,062 restricted share units vested but not yet delivered as
Accenture Ltd Class A common shares.

                                                              F−36
                                                      ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Stock Options
     Stock options are granted to senior executives and other employees under the SIP. Options generally have an
exercise price that is at least equal to the fair value of the Accenture Ltd Class A common shares on the date the
option is granted. Options granted under the SIP are subject to cliff or graded vesting, generally ranging from 2
to 10 years, and generally have a contractual term of 10 years. For awards with graded vesting, compensation
expense is recognized over the vesting period of each separately vesting portion. Compensation expense is
recognized on a straight−line basis for awards with cliff vesting. Stock option activity for the year ended
August 31, 2007 was as follows:

                                                                          Weighted Average
                                                                             Remaining
                                                  Weighted Average        Contractual Term       Aggregate Intrinsic
                    Number of Options              Exercise Price            (In Years)                Value

Options
  outstanding
  as of
  August 31,
  2006                          57,582,271        $               18.84                  6.3     $             595,954
  Granted                           36,939        $               34.89
  Exercised                    (13,673,454)       $               17.76
  Forfeited                     (1,073,079)       $               22.37

Options
  outstanding
  as of
  August 31,
  2007                          42,872,677        $               19.10                  5.4     $             954,027

Options
  exercisable
  as of
  August 31,
  2007                          37,696,081        $               18.45                  5.2     $             863,541
Options
  exercisable
  as of
  August 31,
  2006                          44,177,710        $               17.35                  5.8     $             522,702
Options
  exercisable
  as of
  August 31,
  2005                          49,098,967        $               15.99                  5.9     $             412,308
   The weighted average remaining contractual term and aggregate intrinsic value for options outstanding as of
August 31, 2005 was 6.6 years and $448,382, respectively.
     Other information pertaining to option activity is as follows:

                                                                                           Year Ended August 31,
                                                                                       2007        2006        2005

Weighted average grant−date fair value of stock options granted                    $     14.15   $     11.13   $     11.30
Total fair value of stock options vested                                                79,730       102,333       183,304
Total intrinsic value of stock options exercised                                       249,004       197,111        89,219
    Cash received from the exercise of stock options was $242,848 and the income tax benefit realized from the
exercise of stock options was $71,373 for the year ended August 31, 2007. As of August 31, 2007, there was
$8,778 of total stock option compensation expense related to nonvested awards not yet recognized, which is
expected to be recognized over a weighted average period of 1.5 years.
     The fair value of each option grant is estimated on the date of grant using the Black−Scholes−Merton option
pricing model with the following weighted average assumptions.
                                                              ACCENTURE LTD
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
         (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)

                                                                                        Year Ended August 31,
                                                                 2007(1)                2006(1)                2005
                                                                 Senior                 Senior        Senior         Other
                                                                Executives             Executives   Executives      Employees

Expected life (in years)                                                   6.9                7.4           6.0           5.0
Risk−free interest rate                                                   4.65%              4.15%         4.02%         3.52%
Expected volatility                                                         35%                37%           41%           41%
Expected dividend yield                                                      1%                 1%            0%            0%
  (1) No stock options were granted to “Other Employees” during fiscal 2007 or 2006.

     For the years ended August 31, 2007 and 2006, the expected life of each award granted was calculated using
the “simplified method” in accordance with SAB No. 107, “Share−Based Payment.” For the year ended
August 31, 2005, the Company used a projected expected life for each award granted based on historical
experience of employees’ exercise behavior. The risk−free interest rate is based on the implied yield currently
available on U.S. Treasury zero coupon issues with a remaining term equal to the expected life. Expected
volatility is based on historical volatility levels of Accenture Ltd Class A common shares. Expected dividend
yield is based on historical dividend payments.
Employee Share Purchase Plan
     The Accenture Ltd 2001 Employee Share Purchase Plan (the “ESPP”) is a nonqualified plan that allows
eligible employee participants to purchase Accenture Ltd Class A common shares at a discount through payroll
deductions. Under the ESPP, substantially all employees may elect to contribute 1% to 10% of their
compensation during each semi−annual offering period (up to a per participant maximum of $7.5 per offering
period) to purchase Accenture Ltd Class A common shares. Prior to May 2, 2005, the purchase price of
Accenture Ltd Class A common shares was 85% of the lower of its beginning of offering period or end of
offering period market price. The weighted average fair value of the share purchase rights granted during each of
the offering periods ended November 1 and May 1 for fiscal 2005 was $6.54. Beginning May 2, 2005, the
purchase price of the Accenture Ltd Class A common shares is 85% of the end of the offering period market
price. A maximum of 75,000,000 Accenture Ltd Class A common shares may be issued under the ESPP. As of
August 31, 2007, 47,708,671 Accenture Ltd Class A common shares had been issued under the ESPP. Under the
ESPP, the Company issued 5,080,185 shares, 6,406,441 shares and 8,784,839 shares to employees in fiscal 2007,
2006 and 2005, respectively.
12.    SHAREHOLDERS’ EQUITY
Accenture Ltd
Preferred Shares
     The Company has 2,000,000,000 authorized preferred shares, par value $0.0000225 per share, the rights and
preferences of which are currently undesignated. The Board of Directors of Accenture Ltd has the authority to
issue the preferred shares in one or more series and to fix the rights, preferences, privileges and restrictions
attaching to those shares, including dividend rights, conversion rights, voting rights, redemption terms and prices,
liquidation preferences and the numbers of shares

                                                                         F−38
                                               ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
constituting any series and the designation of any series, without further vote or action by the shareholders.
     Any series of preferred shares could, as determined by Accenture Ltd’s Board of Directors at the time of
issuance, rank senior to the Company’s common shares with respect to dividends, voting rights, redemption
and/or liquidation rights. These preferred shares are of the type commonly known as “blank−check” preferred
stock.
Class A Common Shares
     Holders of Accenture Ltd’s Class A common shares are entitled to one vote per share and do not have
cumulative voting rights. Each Class A common share entitles its holder to a pro rata part of any dividend at the
times and in the amounts, if any, which Accenture Ltd’s Board of Directors from time to time determines to
declare, subject to any preferred dividend rights attaching to any preferred shares. Each Class A common share is
entitled on a winding−up of Accenture Ltd to be paid a pro rata part of the value of the assets of Accenture Ltd
remaining after payment of its liabilities, subject to any preferred rights on liquidation attaching to any preferred
shares. As of November 22, 2004, the voting agreement dated as of April 18, 2001 among Accenture Ltd and the
partners party thereto (the “voting agreement”) was amended to eliminate the voting provisions of that
agreement. Accordingly, Accenture Ltd Class A common shares and Class X common shares held by the parties
to the voting agreement are no longer voted as a block at Accenture Ltd shareholder meetings.
Class X Common Shares
     Holders of Accenture Ltd’s Class X common shares are entitled to one vote per share and do not have
cumulative voting rights. Holders of Class X common shares are not entitled to receive dividends and are not
entitled to be paid any amount upon a winding−up of Accenture Ltd. Most of the Company’s partners who
received Accenture SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares in
connection with the Company’s transition to a corporate structure received a corresponding number of Accenture
Ltd Class X common shares. Accenture Ltd may redeem, at its option, any Class X common share for a
redemption price equal to the par value of the Class X common share. Accenture Ltd has separately agreed with
the original holders of Accenture SCA Class I commons shares and Accenture Canada Holdings Inc.
exchangeable shares not to redeem any Class X common share of such holder if the redemption would reduce the
number of Class X common shares held by that holder to a number that is less than the number of Accenture
SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares owned by that holder, as
the case may be. Accenture Ltd will redeem Class X common shares upon the redemption or exchange of
Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares so that the
aggregate number of Class X common shares outstanding at any time does not exceed the aggregate number of
Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares outstanding.
Class X common shares are not transferable without the consent of Accenture Ltd. As of November 22, 2004, the
Accenture Ltd voting agreement was amended to eliminate the voting provisions of that agreement. Accordingly,
Accenture Ltd Class A common shares and Class X common shares held by parties to the voting agreement are
no longer voted as a block at Accenture Ltd shareholder meetings.

                                                       F−39
                                               ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
Equity of Subsidiaries Redeemable or Exchangeable for Accenture Ltd Class A Common Shares
Accenture SCA Class I Common Shares
    Senior executives in certain countries, including the United States, received Accenture SCA Class I common
shares in connection with the Company’s transition to a corporate structure. After June 28, 2005, only the
Company’s current and former senior executives and their permitted transferees continue to hold Accenture SCA
Class I common shares. Each Accenture SCA Class I common share entitles its holder to one vote on all matters
submitted to a vote of shareholders of Accenture SCA and entitles its holders to dividends and liquidation
payments.
     Subject to the transfer restrictions in Accenture SCA’s Articles of Association, Accenture SCA is obligated,
at the option of the holder, to redeem any outstanding Accenture SCA Class I common share at a redemption
price per share generally equal to its current market value as determined in accordance with Accenture SCA’s
Articles of Association. Under Accenture SCA’s Articles of Association, the market value of a Class I common
share that is not subject to transfer restrictions will be deemed to be equal to (i) the average of the high and low
sales prices of an Accenture Ltd Class A common share as reported on the New York Stock Exchange (or on
such other designated market on which the Class A common shares trade), net of customary brokerage and
similar transaction costs, or (ii) if Accenture Ltd sells its Class A common shares on the date that the redemption
price is determined (other than in a transaction with any employee or an affiliate or pursuant to a preexisting
obligation), the weighted average sales price of an Accenture Ltd Class A common share on the New York Stock
Exchange (or on such other market on which the Class A common shares primarily trade), net of customary
brokerage and similar transaction costs. Accenture SCA may, at its option, pay this redemption price with cash or
by delivering Accenture Ltd Class A common shares on a one−for−one basis. Each holder of Class I common
shares is entitled to a pro rata part of any dividend and, subject to the rights of the holders of Class II common
shares and Class III common shares, to the value of any remaining assets of Accenture SCA after payment of its
liabilities upon dissolution.
Accenture SCA Class II and Class III common shares
      On June 28, 2005, Accenture SCA’s shareholders approved certain amendments to the rights of Accenture
SCA Class II common shares held by Accenture Ltd, as well as the creation of a new class of common shares
known as “Class III common shares” into which all Class I common shares held by Accenture Ltd and its
affiliates were reclassified. Accenture SCA Class II common shares and Class III common shares may not be
held by any person other than the general partner of Accenture SCA and its subsidiaries. All Class I common
shares that are sold or otherwise transferred to Accenture Ltd or its subsidiaries will be automatically reclassified
into Class III common shares.
     Accenture SCA Class II common shares and Class III common shares (or any lettered sub−series of that
class) are not entitled to any cash dividends. If the Board of Directors of Accenture Ltd authorizes the payment of
a cash dividend on Accenture Ltd’s Class A common shares, Accenture Ltd, as general partner of Accenture
SCA, will cause Accenture SCA to redeem Class II common shares and Class III common shares that Accenture
Ltd holds to obtain cash needed to pay dividends on its Class A common shares. At any time that Accenture SCA
were to pay a cash dividend on its Class I common shares, new Class II common shares and Class III common
shares would be issued to the

                                                        F−40
                                               ACCENTURE LTD
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
        (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
existing holders of Class II common shares and Class III common shares, in each case having an aggregate value
of the amount of any cash dividends that the holders of those Class II or Class III common shares would have
received had they ratably participated in the cash dividend paid on the Class I common shares.
     Each Class II common share entitles its holder to receive a liquidation payment equal to 10% of any
liquidation payment to which a Class I common share entitles its holder. Each Class III common share entitles its
holder to receive a liquidation payment equal to 100% of any liquidation payment to which a Class I common
share entitles its holder.
Accenture Canada Holdings Inc. Exchangeable Shares
     Partners resident in Canada and New Zealand received Accenture Canada Holdings Inc. exchangeable shares
in connection with the Company’s transition to a corporate structure. Subject to the transfer restrictions contained
in Accenture Ltd’s bye−laws, holders of Accenture Canada Holdings Inc. exchangeable shares may exchange
their shares for Accenture Ltd Class A common shares on a one−for−one basis. The Company may, at its option,
satisfy this exchange with cash at a price per share generally equal to the market price of an Accenture Ltd
Class A common share at the time of the exchange. Each exchangeable share of Accenture Canada Holdings Inc.
entitles its holder to receive distributions equal to any distributions to which an Accenture Ltd Class A common
share entitles its holder.
13.   MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS’ EQUITY
Share Purchase And Redemption Activity
    The Board of Directors of Accenture Ltd has authorized funding for the Company’s publicly announced
open−market share purchase program for acquiring Accenture Ltd Class A common shares and for redemptions
and repurchases of Accenture Ltd Class A common shares, Accenture SCA Class I common shares and
Accenture Canada Holdings Inc. exchangeable shares held by the Company’s current and former senior
executives and their permitted transferees. Effective as of March 24, 2006, the Board of Directors of Accenture
Ltd authorized an additional $1.5 billion for the purchase, redemption and exchange from time to time of the
Company’s shares, including open−market share purchases. Effective as of March 2, 2007, the Board of
Directors of Accenture Ltd authorized an additional $1.5 billion for the purchase, redemption and exchange from
time to time of the Company’s shares. In addition, during the year ended August 31, 2007, the Board of Directors
of Accenture Ltd separately authorized funding for two discounted tender offers for Accenture SCA Class I
common shares.

                                                       F−41
                                                                 ACCENTURE LTD
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
           (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
        The Company’s share purchase activity for cash during the year ended August 31, 2007 was as follows:

                                                                        Accenture SCA Class I Common
                              Accenture Ltd Class A                      Shares and Accenture Canada
                                 Common Shares                        Holdings Inc. Exchangeable Shares(4)                                 Total
                               Shares       Amount                       Shares                Amount                           Shares               Amount

Open−Market Share
   Purchases                    1,988,773       $     78,633                           —           $                 —           1,988,773       $      78,633
Discounted Tender
   Offers(1)                             —                 —                16,538,239                        485,245          16,538,239              485,245
Other Share Purchase
   Programs                     9,858,011           309,440(2)              37,640,287                      1,381,853          47,498,298            1,691,293
Other purchases(3)              1,430,629            52,776                         —                              —            1,430,629               52,776

Total                          13,277,413       $ 440,849                   54,178,526             $        1,867,098          67,455,939        $ 2,307,947

  (1) On September 11, 2006, Accenture SCA and one of its subsidiaries made a tender offer to Accenture SCA Class I common shareholders that resulted in
      share redemptions and purchases, effective October 11, 2006, of 7,538,172 shares at a price of $24.75 per share, resulting in a cash outlay of approximately
      $187,195. On March 8, 2007, Accenture SCA and one of its subsidiaries made a tender offer to Accenture SCA Class I common shareholders that resulted
      in share redemptions and purchases, effective April 9, 2007, of 9,000,067 shares at a price of $33.00 per share, resulting in a cash outlay of approximately
      $298,050.

  (2) On November 13, 2006, Accenture Finance (Gibraltar) Ltd, an indirect subsidiary of Accenture SCA, purchased 1,979,450 Accenture Ltd Class A
      co