[aaykarbhavan] CPA FIRMS GROWTH-USA

The upcoming edition of the annual Rosenberg MAP Survey will report that revenue at accounting firms increased 3.8 percent in 2011, the latest year available, a significant improvement from the 1.7 percent increase the year before.     More highlights from the soon-to-be-released edition:   √ Projections for 2012 indicate an improvement over 2011.   √ Overall, firms are projecting a 4.0 percent growth rate.    √ Last year revenues were up for firms in all size ranges.   √ When the impact of mergers is removed, the growth rate was only 2.7 percent.   √ Firms with annual fees in excess of $20 million experienced a higher growth rate of 6.5 percent than smaller firms.    √ Profits, as measured by income per partner, averaged $366,000 compared to $360,000 in 2010.   √ Firms continued to hold expenses tight last year.   √ Coupled with the improved growth rate, equity partner income improved.   √ These tactics enabled firms to enjoy a modest improvement in profits despite the continuance of the recession.   --     CA Ramachandran Mahadevan,M.Com.,F.C.A., I-708,Mantri Tranquil,Subramanyapura Post, Bangalore-560061 Karnataka,India. +91 80 42011024     You never achieve success unless you like what you are doing."   --Dale Carnegie, American self-help author and lecturer           --

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