10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

þ	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	FOR THE QUARTERLY PERIOD ENDED	November 30, 2017

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: 001-34448

Accenture plc

(Exact name of registrant as specified in its charter)

Ireland	98-0627530
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1 Grand Canal Square,

Grand Canal Harbour,

Dublin 2, Ireland

(Address of principal executive offices)

(353) (1) 646-2000

(Registrant’s telephone number, including area code)

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 þ No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  þ	Accelerated filer ¨	Non-accelerated filer  ¨
Smaller reporting company  ¨	Emerging growth company ¨	(Do not check if a smaller reporting company)

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No þ

The number of shares of the registrant’s Class A ordinary shares, par value $0.0000225 per share, outstanding as of December 11, 2017 was 642,550,414 (which number includes 25,882,436 issued shares held by the registrant). The number of shares of the registrant’s Class X ordinary shares, par value $0.0000225 per share, outstanding as of December 11, 2017 was 19,915,042.

ACCENTURE PLC

INDEX

	Page
Part I. Financial Information	3
Item 1. Financial Statements	3
Consolidated Balance Sheets as of November 30, 2017 (Unaudited) and August 31, 2017	3
Consolidated Income Statements (Unaudited) for the three months ended November 30, 2017 and 2016	4
Consolidated Statements of Comprehensive Income (Unaudited) for the three months ended November 30, 2017 and 2016	5
Consolidated Shareholders’ Equity Statement (Unaudited) for the three months ended November 30, 2017	6
Consolidated Cash Flows Statements (Unaudited) for the three months ended November 30, 2017 and 2016	7
Notes to Consolidated Financial Statements (Unaudited)	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3. Quantitative and Qualitative Disclosures About Market Risk	25
Item 4. Controls and Procedures	25
Part II. Other Information	25
Item 1. Legal Proceedings	25
Item 1A. Risk Factors	25
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	26
Item 3. Defaults Upon Senior Securities	27
Item 4. Mine Safety Disclosures	27
Item 5. Other Information	27
Item 6. Exhibits	28
Signatures	29

2

PART I — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ACCENTURE PLC

CONSOLIDATED BALANCE SHEETS

November 30, 2017 and August 31, 2017

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

	November 30, 2017			August 31, 2017
	(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	3,681,711		$	4,126,860
Short-term investments	682			3,011
Receivables from clients, net	4,981,084			4,569,214
Unbilled services, net	2,476,871			2,316,043
Other current assets	1,163,493			1,082,161
Total current assets	12,303,841			12,097,289
NON-CURRENT ASSETS:
Unbilled services, net	39,339			40,938
Investments	227,189			211,610
Property and equipment, net	1,158,960			1,140,598
Goodwill	5,078,504			5,002,352
Deferred contract costs	740,972			755,871
Deferred income taxes, net	2,235,695			2,214,901
Other non-current assets	1,189,653			1,226,331
Total non-current assets	10,670,312			10,592,601
TOTAL ASSETS	$	22,974,153		$	22,689,890
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	$	2,979		$	2,907
Accounts payable	1,316,930			1,525,065
Deferred revenues	2,494,949			2,669,520
Accrued payroll and related benefits	4,504,531			4,060,364
Accrued consumption taxes	414,344			383,391
Income taxes payable	718,246			708,485
Other accrued liabilities	411,047			474,547
Total current liabilities	9,863,026			9,824,279
NON-CURRENT LIABILITIES:
Long-term debt	22,226			22,163
Deferred revenues	687,950			663,248
Retirement obligation	1,422,308			1,408,759
Deferred income taxes, net	121,397			137,098
Income taxes payable	604,972			574,780
Other non-current liabilities	358,837			349,363
Total non-current liabilities	3,217,690			3,155,411
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of November 30, 2017 and August 31, 2017	57			57
Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 641,495,594 and 638,965,789 shares issued as of November 30, 2017 and August 31, 2017, respectively	14			14
Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 19,915,042 and 20,531,383 shares issued and outstanding as of November 30, 2017 and August 31, 2017, respectively	—			—
Restricted share units	1,187,775			1,095,026
Additional paid-in capital	3,755,060			3,516,399
Treasury shares, at cost: Ordinary, 40,000 shares as of November 30, 2017 and August 31, 2017; Class A ordinary, 26,132,059 and 23,408,811 shares as of November 30, 2017 and August 31, 2017, respectively	(2,046,811		)	(1,649,090		)
Retained earnings	7,339,188			7,081,855
Accumulated other comprehensive loss	(1,133,153		)	(1,094,784		)
Total Accenture plc shareholders’ equity	9,102,130			8,949,477
Noncontrolling interests	791,307			760,723
Total shareholders’ equity	9,893,437			9,710,200
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	22,974,153		$	22,689,890

The accompanying Notes are an integral part of these Consolidated Financial Statements.

3

ACCENTURE PLC

CONSOLIDATED INCOME STATEMENTS

For the Three Months Ended November 30, 2017 and 2016

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

(Unaudited)

	2017			2016
REVENUES:
Revenues before reimbursements (“Net revenues”)	$	9,523,222		$	8,515,517
Reimbursements	531,271			490,086
Revenues	10,054,493			9,005,603
OPERATING EXPENSES:
Cost of services:
Cost of services before reimbursable expenses	6,470,962			5,785,485
Reimbursable expenses	531,271			490,086
Cost of services	7,002,233			6,275,571
Sales and marketing	1,001,789			888,827
General and administrative costs	564,591			509,246
Total operating expenses	8,568,613			7,673,644
OPERATING INCOME	1,485,880			1,331,959
Interest income	11,436			8,297
Interest expense	(4,707		)	(3,048		)
Other income (expense), net	1,515			(6,087		)
INCOME BEFORE INCOME TAXES	1,494,124			1,331,121
Provision for income taxes	305,582			271,372
NET INCOME	1,188,542			1,059,749
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc.	(49,133		)	(46,452		)
Net income attributable to noncontrolling interests – other	(15,749		)	(8,821		)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	1,123,660		$	1,004,476
Weighted average Class A ordinary shares:
Basic	615,835,525			621,569,764
Diluted	656,671,417			663,752,830
Earnings per Class A ordinary share:
Basic	$	1.82		$	1.62
Diluted	$	1.79		$	1.58
Cash dividends per share	$	1.33		$	1.21

The accompanying Notes are an integral part of these Consolidated Financial Statements.

4

ACCENTURE PLC

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended November 30, 2017 and 2016

(In thousands of U.S. dollars)

(Unaudited)

	2017			2016
NET INCOME	$	1,188,542		$	1,059,749
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	(27,332		)	(190,691		)
Defined benefit plans	6,230			11,432
Cash flow hedges	(17,267		)	(14,503		)
Marketable securities	—			264
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	(38,369		)	(193,498		)
Other comprehensive income (loss) attributable to noncontrolling interests	(2,834		)	(12,309		)
COMPREHENSIVE INCOME	$	1,147,339		$	853,942
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	1,085,291		$	810,978
Comprehensive income attributable to noncontrolling interests	62,048			42,964
COMPREHENSIVE INCOME	$	1,147,339		$	853,942

The accompanying Notes are an integral part of these Consolidated Financial Statements.

5

ACCENTURE PLC

CONSOLIDATED SHAREHOLDERS’ EQUITY STATEMENT

For the Three Months Ended November 30, 2017

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

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares				Restricted Share Units			Additional Paid-in Capital			Treasury Shares					Retained Earnings			Accumulated Other Comprehensive Loss			Total Accenture plc Shareholders’ Equity			Noncontrolling Interests			Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares								$			No. Shares
Balance as of August 31, 2017	$	57	40	$	14	638,966	$	—	20,531		$	1,095,026		$	3,516,399		$	(1,649,090	)	(23,449	)	$	7,081,855		$	(1,094,784	)	$	8,949,477		$	760,723		$	9,710,200
Net income																						1,123,660						1,123,660			64,882			1,188,542
Other comprehensive income (loss)																									(38,369		)	(38,369		)	(2,834		)	(41,203		)
Purchases of Class A ordinary shares														19,733			(523,166		)	(3,747	)							(503,433		)	(19,733		)	(523,166		)
Share-based compensation expense											183,945			28,946														212,891						212,891
Purchases/redemptions of Accenture Holdings plc ordinary shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares									(616	)				(36,901		)												(36,901		)	(3,071		)	(39,972		)
Issuances of Class A ordinary shares:
Employee share programs						2,330					(118,869		)	246,036			125,445			1,024		(21,754		)				230,858			8,872			239,730
Upon redemption of Accenture Holdings plc ordinary shares						200								1,813														1,813			(1,813		)	—
Dividends											27,673											(844,914		)				(817,241		)	(36,373		)	(853,614		)
Other, net														(20,966		)						341						(20,625		)	20,654			29
Balance as of November 30, 2017	$	57	40	$	14	641,496	$	—	19,915		$	1,187,775		$	3,755,060		$	(2,046,811	)	(26,172	)	$	7,339,188		$	(1,133,153	)	$	9,102,130		$	791,307		$	9,893,437

The accompanying Notes are an integral part of these Consolidated Financial Statements.

6

ACCENTURE PLC

CONSOLIDATED CASH FLOWS STATEMENTS

For the Three Months Ended November 30, 2017 and 2016

(In thousands of U.S. dollars)

(Unaudited)

	2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	1,188,542		$	1,059,749
Adjustments to reconcile Net income to Net cash provided by operating activities —
Depreciation, amortization and asset impairments	232,633			187,433
Share-based compensation expense	212,891			149,796
Deferred income taxes, net	(37,578		)	(86,013		)
Other, net	(4,714		)	(141,184		)
Change in assets and liabilities, net of acquisitions —
Receivables from clients, net	(434,471		)	(279,151		)
Unbilled services, current and non-current, net	(152,751		)	(64,113		)
Other current and non-current assets	(154,120		)	(71,564		)
Accounts payable	(219,993		)	(103,390		)
Deferred revenues, current and non-current	(146,608		)	(207,437		)
Accrued payroll and related benefits	451,187			488,615
Income taxes payable, current and non-current	34,391			86,551
Other current and non-current liabilities	36,429			64,590
Net cash provided by (used in) operating activities	1,005,838			1,083,882
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(133,352		)	(84,553		)
Purchases of businesses and investments, net of cash acquired	(127,497		)	(599,107		)
Proceeds from sales of businesses and investments, net of cash transferred	—			(7,200		)
Proceeds from sales of property and equipment	1,890			1,238
Net cash provided by (used in) investing activities	(258,959		)	(689,622		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of ordinary shares	239,730			212,711
Purchases of shares	(563,138		)	(587,935		)
Proceeds from (repayments of) long-term debt, net	135			138
Cash dividends paid	(853,614		)	(785,127		)
Other, net	(2,133		)	(2,562		)
Net cash provided by (used in) financing activities	(1,179,020		)	(1,162,775		)
Effect of exchange rate changes on cash and cash equivalents	(13,008		)	(60,036		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(445,149		)	(828,551		)
CASH AND CASH EQUIVALENTS, beginning of period	4,126,860			4,905,609
CASH AND CASH EQUIVALENTS, end of period	$	3,681,711		$	4,077,058
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid	$	310,715		$	217,581

The accompanying Notes are an integral part of these Consolidated Financial Statements.

7

ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

(Unaudited)

1. BASIS OF PRESENTATION

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2017 included in our Annual Report on Form 10-K filed with the SEC on October 26, 2017.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which 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 we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2018.

Allowances for Client Receivables and Unbilled Services

As of November 30, 2017 and August 31, 2017, total allowances recorded for client receivables and unbilled services were $53,491 and $74,450, respectively.

Depreciation and Amortization

Depreciation expense was $106,151 and $85,020 for the three months ended November 30, 2017 and 2016, respectively.As of November 30, 2017 and August 31, 2017, total accumulated depreciation was $1,964,127 and $1,912,146, respectively. Deferred transition amortization expense was$81,854and$69,285for thethree months ended November 30, 2017 and 2016, respectively.See Note 5 (Goodwill and Intangible Assets) for intangible asset amortization balances.

8

ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

New Accounting Pronouncements

The following standards, issued by the FASB, will, or are expected to, result in a change in practice and/or have a financial impact to our Consolidated Financial Statements:

Standard	Description	Accenture Adoption Date	Impact on the Financial Statements or Other Significant Matters
2016-16: Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory	The guidance requires an entity to recognize the income tax consequences of intra-entity transfers, other than inventory, when the transfer occurs. Under current guidance in U.S. GAAP, in the case of depreciable or amortizable assets, the income tax consequences are deferred at the time of the intra-entity transfer and recognized as the assets are depreciated or amortized. The guidance requires modified retrospective transition with a cumulative catch-up adjustment to opening retained earnings in the period of adoption.	September 1, 2018	The adoption of this Accounting Standards Update (“ASU”) will require that we record deferred tax assets on our Consolidated Balance Sheet at the beginning of fiscal 2019. The deferred tax assets, which could be up to $2.1 billion, represent income tax consequences of prior intra-entity transfers of assets, which are currently recognized over the expected life of the assets. Beginning in fiscal 2019, we will recognize incremental income tax expense as these deferred tax assets are utilized. Initially, this could represent approximately a 3.5 percentage point increase in the annual effective tax rate. However, the actual impact of adoption will depend on numerous factors, including activity for fiscal 2018 and management’s expectations regarding recoverability of the related deferred taxes. Adoption will not have any impact on cash flows.
2016-02: Leases	The guidance amends existing guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by leases and to disclose additional quantitative and qualitative information about leasing arrangements. The guidance requires a modified retrospective method upon adoption.	September 1, 2019	While we are continuing to assess the potential impact of this ASU, we currently believe the most significant impact relates to our accounting for office space operating leases.  We anticipate this ASU will have a material impact on our Consolidated Balance Sheets but will not have a material impact on our other Consolidated Financial Statements or footnotes.
2014-09: (Accounting Standard Codification 606), Revenue from Contracts with Customers and related updates	The guidance replaces most existing revenue recognition guidance in U.S. GAAP. The core principle of the ASU is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The guidance allows for both retrospective and modified retrospective methods of adoption.	September 1, 2018	We performed an initial assessment of the impact of the ASU and developed a transition plan, including necessary changes to policies, processes, and internal controls as well as system enhancements to generate the information necessary for the new disclosures. The project is on schedule for adoption on September 1, 2018 and we will apply the modified retrospective method. We expect revenue recognition across our portfolio of services to remain largely unchanged. However, we expect to recognize revenue earlier than we do under current guidance in a few areas, including accounting for variable fees and for certain consulting services, which will be recognized over time rather than at a point in time. While we have not finalized our assessment of the impact of the ASU, based on the analysis completed to date, we do not currently anticipate that the ASU will have a material impact on our Consolidated Financial Statements.

9

ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

2. EARNINGS PER SHARE

Basic and diluted earnings per share were calculated as follows:

	Three Months Ended
	November 30, 2017		November 30, 2016
Basic Earnings per share
Net income attributable to Accenture plc	$	1,123,660	$	1,004,476
Basic weighted average Class A ordinary shares	615,835,525		621,569,764
Basic earnings per share	$	1.82	$	1.62
Diluted Earnings per share
Net income attributable to Accenture plc	$	1,123,660	$	1,004,476
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. (1)	49,133		46,452
Net income for diluted earnings per share calculation	$	1,172,793	$	1,050,928
Basic weighted average Class A ordinary shares	615,835,525		621,569,764
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	27,262,887		28,718,885
Diluted effect of employee compensation related to Class A ordinary shares	13,298,234		13,224,914
Diluted effect of share purchase plans related to Class A ordinary shares	274,771		239,267
Diluted weighted average Class A ordinary shares	656,671,417		663,752,830
Diluted earnings per share	$	1.79	$	1.58

_______________

(1) Diluted earnings per share assumes the redemption of all Accenture Holdings plc ordinary shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

10

ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

3. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended
	November 30, 2017			November 30, 2016
Foreign currency translation
Beginning balance	$	(770,043	)	$	(919,963	)
Foreign currency translation	(30,757		)	(203,725		)
Income tax benefit (expense)	1,074			852
Portion attributable to noncontrolling interests	2,351			12,182
Foreign currency translation, net of tax	(27,332		)	(190,691		)
Ending balance	(797,375		)	(1,110,654		)
Defined benefit plans
Beginning balance	(440,619		)	(809,504		)
Reclassifications into net periodic pension and post-retirement expense (1)	9,761			17,824
Income tax benefit (expense)	(3,259		)	(5,863		)
Portion attributable to noncontrolling interests	(272		)	(529		)
Defined benefit plans, net of tax	6,230			11,432
Ending balance	(434,389		)	(798,072		)
Cash flow hedges
Beginning balance	114,635			68,011
Unrealized gain (loss)	8,325			(6,106		)
Reclassification adjustments into Cost of services	(28,616		)	(22,149		)
Income tax benefit (expense)	2,269			13,081
Portion attributable to noncontrolling interests	755			671
Cash flow hedges, net of tax	(17,267		)	(14,503		)
Ending balance (2)	97,368			53,508
Marketable securities
Beginning balance	1,243			(264		)
Unrealized gain (loss)	—			462
Income tax benefit (expense)	—			(183		)
Portion attributable to noncontrolling interests	—			(15		)
Marketable securities, net of tax	—			264
Ending balance	1,243			—
Accumulated other comprehensive loss	$	(1,133,153	)	$	(1,855,218	)

_______________

(1) Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs.

(2) As of November 30, 2017, $108,929 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next 12 months.

11

ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

4. BUSINESS COMBINATIONS

During the three months ended November 30, 2017, we completed individually immaterial acquisitions for total consideration of $106,059, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

5. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment were as follows:

	August 31, 2017		Additions/ Adjustments		Foreign Currency Translation			November 30, 2017
Communications, Media & Technology	$	775,802	$	56,323	$	1,861		$	833,986
Financial Services	1,151,024		3,919		202			1,155,145
Health & Public Service	934,374		1,961		123			936,458
Products	1,698,140		7,473		3,776			1,709,389
Resources	443,012		893		(379		)	443,526
Total	$	5,002,352	$	70,569	$	5,583		$	5,078,504

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class were as follows:

	November 30, 2017							August 31, 2017
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer-related	$	819,103	$	(255,977	)	$	563,126	$	809,683	$	(235,315	)	$	574,368
Technology	89,256		(50,230		)	39,026		108,929		(65,453		)	43,476
Patents	125,228		(63,568		)	61,660		124,669		(62,543		)	62,126
Other	52,462		(24,095		)	28,367		52,342		(21,930		)	30,412
Total	$	1,086,049	$	(393,870	)	$	692,179	$	1,095,623	$	(385,241	)	$	710,382

Total amortization related to our intangible assets was $44,628 and $33,128 for the three months ended November 30, 2017 and 2016, respectively. Estimated future amortization related to intangible assets held as of November 30, 2017 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2018	$	115,675
2019	116,433
2020	103,431
2021	94,991
2022	76,823
Thereafter	184,826
Total	$	692,179

12

ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

6. MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS’ EQUITY

Dividends

Our dividend activity during the three months ended November 30, 2017 was as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Holdings plc Ordinary Shares and Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2017	$	1.33	October 19, 2017	$	817,241	October 17, 2017	$	36,373	$	853,614

The payment of the cash dividends also resulted in the issuance of an immaterial number of additional restricted share units to holders of restricted share units.

7. DERIVATIVE FINANCIAL INSTRUMENTS

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three months ended November 30, 2017 and 2016, as well as those expected to be reclassified into Cost of services in the next 12 months, see Note 3 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were a net loss of $9,534 and $138,094 for the three months ended November 30, 2017 and 2016, respectively. Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

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ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments were as follows:

	November 30, 2017		August 31, 2017
Assets
Cash Flow Hedges
Other current assets	$	122,238	$	133,935
Other non-current assets	61,029		82,770
Other Derivatives
Other current assets	40,078		11,470
Total assets	$	223,345	$	228,175
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	13,309	$	21,632
Other non-current liabilities	11,163		17,244
Other Derivatives
Other accrued liabilities	19,308		12,242
Total liabilities	$	43,780	$	51,118
Total fair value	$	179,565	$	177,057
Total notional value	$	9,567,528	$	9,290,345

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements was as follows:

	November 30, 2017		August 31, 2017
Net derivative assets	$	199,439	$	189,066
Net derivative liabilities	19,874		12,009
Total fair value	$	179,565	$	177,057

8. INCOME TAXES

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended November 30, 2017 and 2016 were 20.5% and 20.4%, respectively. The effective tax rates for the three months ended November 30, 2017 and 2016 benefited from adjustments to prior year taxes and recognition of excess tax benefits from share based payments.

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ACCENTURE PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)

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

(Unaudited)

9. COMMITMENTS AND CONTINGENCIES

Commitments

We have the right to purchase or may also be required to purchase substantially all of the remaining outstanding shares of our Avanade Inc. subsidiary (“Avanade”) not owned by us at fair value if certain events occur. As of November 30, 2017 and August 31, 2017, we have reflected the fair value of $52,654 and $52,996, respectively, related to Avanade’s redeemable common stock and the intrinsic value of the options on redeemable common stock in Other accrued liabilities in the Consolidated Balance Sheets.

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which it may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2017 and August 31, 2017, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $700,000 and $697,000, respectively, of which all but approximately $122,000 and $149,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations and/or indemnification provisions and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of November 30, 2017, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

10. SEGMENT REPORTING

Our reportable operating segments are our five operating groups, which are Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Information regarding our reportable operating segments is as follows:

	Three Months Ended
	November 30, 2017				November 30, 2016
	Net Revenues		Operating Income		Net Revenues		Operating Income
Communications, Media & Technology	$	1,869,770	$	294,925	$	1,686,196	$	257,844
Financial Services	2,059,114		369,253		1,809,769		319,489
Health & Public Service	1,634,111		223,190		1,500,774		199,227
Products	2,584,056		410,389		2,320,169		408,699
Resources	1,332,894		188,123		1,194,858		146,700
Other	43,277		—		3,751		—
Total	$	9,523,222	$	1,485,880	$	8,515,517	$	1,331,959

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ITEM 2. 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 Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended August 31, 2017, and with the information under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended August 31, 2017.

We use the terms “Accenture,” “we,” “our” and “us” in this report to refer to Accenture plc 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 2018” means the 12-month period that will end on August 31, 2018. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal year.

We use the term “in local currency” so that certain financial results may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. Financial results “in local currency” are calculated by restating current period activity into U.S. dollars using the comparable prior year period’s foreign currency exchange rates. This approach is used for all results where the functional currency is not the U.S. dollar.

Disclosure Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q 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,” “positioned,” “outlook” 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 may not prove to be accurate. Actual outcomes and results may 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:

• Our results of operations could be adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on our clients’ businesses and levels of business activity.

• Our business depends on generating and maintaining ongoing, profitable client demand for our services and solutions, including through the adaptation and expansion of our services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect our results of operations.

• If we are unable to keep our supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected.

• We could have liability or our reputation could be damaged if we fail to protect client and/or Accenture data from security breaches or cyberattacks.

• The markets in which we operate are highly competitive, and we might not be able to compete effectively.

• Our profitability could materially suffer if we are unable to obtain favorable pricing for our services and solutions, if we are unable to remain competitive, if our cost-management strategies are unsuccessful or if we experience delivery inefficiencies.

• Changes in our level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on our effective tax rate, results of operations, cash flows and financial condition.

• Our results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates.

• Our business could be materially adversely affected if we incur legal liability.

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• Our work with government clients exposes us to additional risks inherent in the government contracting environment.

• We might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses.

• Our global delivery capability is increasingly concentrated in India and the Philippines, which may expose us to operational risks.

• As a result of our geographically diverse operations and our growth strategy to continue geographic expansion, we are more susceptible to certain risks.

• Adverse changes to our relationships with key alliance partners or in the business of our key alliance partners could adversely affect our results of operations.

• If we are unable to protect or enforce our intellectual property rights, or if our services or solutions infringe upon the intellectual property rights of others or we lose our ability to utilize the intellectual property of others, our business could be adversely affected.

• Our ability to attract and retain business and employees may depend on our reputation in the marketplace.

• If we are unable to manage the organizational challenges associated with our size, we might be unable to achieve our business objectives.

• We make estimates and assumptions in connection with the preparation of our consolidated financial statements, and any changes to those estimates and assumptions could adversely affect our financial results.

• Many of our contracts include payments that link some of our fees to the attainment of performance or business targets and/or require us to meet specific service levels. This could increase the variability of our revenues and impact our margins.

• Our results of operations and share price could be adversely affected if we are unable to maintain effective internal controls.

• 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 are incorporated in Ireland and a significant portion of our assets is 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 may also be subject to criticism and negative publicity related to our incorporation in Ireland.

• Irish law differs from the laws in effect in the United States and might afford less protection to shareholders.

For a more detailed discussion of these factors, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2017. Our forward-looking statements speak only as of the date of this report or as of the date they are made, and we undertake no obligation to update any forward-looking statements.

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Overview

Revenues are driven by the ability of our executives to secure new contracts and to deliver services and solutions that add value relevant to our clients’ current needs and challenges. The level of revenues we achieve is based on our ability to deliver market-leading services and solutions and to deploy skilled teams of professionals quickly and on a global basis.

Our results of operations are affected by economic conditions, including macroeconomic conditions and levels of business confidence. There continues to be significant volatility and economic and geopolitical uncertainty in many markets around the world, which may impact our business. We continue to monitor the impact of this volatility and uncertainty and seek to manage our costs in order to respond to changing conditions. There also continues to be volatility in foreign currency exchange rates. The majority of our net revenues are denominated in currencies other than the U.S. dollar, including the Euro and the U.K. pound. Unfavorable fluctuations in foreign currency exchange rates have had and could have in the future a material effect on our financial results.

Revenues before reimbursements (“net revenues”) for the first quarter of fiscal 2018 increased 12% in U.S. dollars and 10% in local currency compared to the first quarter of fiscal 2017. Demand for our services and solutions continued to be strong, resulting in growth across all areas of our business. During the first quarter of fiscal 2018, revenue growth in local currency was very strong in Financial Services, Communication, Media & Technology, Products and Resources and strong in Health & Public Service. We experienced very strong growth in Growth Markets and Europe and strong growth in North America. Revenue growth in local currency was very strong in consulting and strong in outsourcing during the first quarter of fiscal 2018. While the business environment remained competitive, pricing was relatively stable. We use the term “pricing” to mean the contract profitability or margin on the work that we sell.

In our consulting business, net revenues for the first quarter of fiscal 2018 increased 13% in U.S. dollars and 11% in local currency compared to the first quarter of fiscal 2017. Consulting revenue growth in local currency in the first quarter of fiscal 2018 was led by very strong growth in Financial Services and Communications, Media & Technology, as well as strong growth in Products, Health & Public Service and Resources. Our consulting revenue growth continues to be driven by strong demand for digital-, cloud- and security-related services and assisting clients with the adoption of new technologies. In addition, clients continue to be focused on initiatives designed to deliver cost savings and operational efficiency, as well as projects to integrate their global operations and grow and transform their businesses.

In our outsourcing business, net revenues for the first quarter of fiscal 2018 increased 11% in U.S. dollars and 9% in local currency compared to the first quarter of fiscal 2017. Outsourcing revenue growth in local currency in the first quarter of fiscal 2018 was led by very strong growth in Resources and Products, as well as strong growth in Communications, Media & Technology and Health & Public Service and solid growth in Financial Services. We continue to experience growing demand to assist clients with cloud enablement and the operation and maintenance of digital-related services. In addition, clients continue to be focused on transforming their operations to improve effectiveness and cost efficiency.

As we are a global company, our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations. If the U.S. dollar weakens against other currencies, resulting in favorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be higher. If the U.S. dollar strengthens against other currencies, resulting in unfavorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be lower. The U.S. dollar weakened against various currencies during the first quarter of fiscal 2018 compared to the first quarter of fiscal 2017, resulting in favorable currency translation and U.S. dollar revenue growth that was approximately 2% higher than our revenue growth in local currency. Assuming that exchange rates stay within recent ranges for the remainder of fiscal 2018, we estimate that our full fiscal 2018 revenue growth in U.S. dollars will be approximately 2.5% higher in U.S. dollars than our revenue 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, subcontractor and other personnel costs, and non-payroll costs on outsourcing contracts. Cost of services includes a variety of activities such as: contract delivery; recruiting and training; software development; and integration of acquisitions. Sales and marketing costs are driven primarily by: compensation costs for business development activities; marketing- and advertising-related activities; and certain acquisition-related costs. General and administrative costs primarily include costs for non-client-facing personnel, information systems, office space and certain acquisition-related costs.

Utilization for the first quarter of fiscal 2018 was 92%, consistent with the first quarter of fiscal 2017. We continue to hire to meet current and projected future demand. We proactively plan and manage the size and composition of our workforce and take actions as needed to address changes in the anticipated demand for our services and solutions,

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given that compensation costs are the most significant portion of our operating expenses. Based on current and projected future demand, we have increased our headcount, the majority of which serve our clients, to approximately 435,000 as of November 30, 2017, compared to approximately 394,000 as of November 30, 2016. The year-over-year increase in our headcount reflects an overall increase in demand for our services and solutions, as well as headcount added in connection with acquisitions. Attrition, excluding involuntary terminations, for the first quarter of fiscal 2018 was 13%, up from 12% in the first quarter of fiscal 2017. We evaluate voluntary attrition, adjust levels of new hiring and use involuntary terminations as means to keep our supply of skills and resources in balance with changes in client demand. In addition, we adjust compensation in certain skill sets and geographies in order to attract and retain appropriate numbers of qualified employees. For the majority of our personnel, compensation increases become effective December 1st of each fiscal year. We strive to adjust pricing and/or the mix of resources to reduce the impact of compensation increases on our gross margin. Our ability to grow our revenues and maintain or increase our margin could be adversely affected if we are unable to: keep our supply of skills and resources in balance with changes in the types or amounts of services and solutions clients are demanding; recover increases in compensation; deploy our employees globally on a timely basis; manage attrition; and/or effectively assimilate and utilize new employees.

Gross margin (Net revenues less Cost of services before reimbursable expenses as a percentage of net revenues) for the first quarter of fiscal 2018 was 32.1%, flat with the first quarter of fiscal 2017. Our gross margin was impacted by lower consulting contract profitability as well as higher acquisition-related costs, which were offset by cost efficiencies.

Sales and marketing and General and administrative costs as a percentage of net revenues were 16.4% for the first quarter of fiscal 2018, flat with the first quarter of fiscal 2017. We continuously monitor these costs and implement cost-management actions, as appropriate. For the first quarter of fiscal 2018 compared to the first quarter of fiscal 2017, Sales and marketing costs as a percentage of net revenues increased10 basis points, and General and administrative costs as a percentage of net revenues decreased 10 basis points.

Operating margin (Operating income as a percentage of Net revenues) for the first quarter of fiscal 2018 was 15.6%, flat with the first quarter of fiscal 2017.

New Bookings

New bookings for the first quarter of fiscal 2018 were $9.98 billion, with consulting bookings of $5.93 billion and outsourcing bookings of $4.05 billion.

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Results of Operations for the Three Months Ended November 30, 2017 Compared to the Three Months Ended November 30, 2016

Our five reportable operating segments are our operating groups, which are Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Net revenues (by operating group, geographic region and type of work) and reimbursements were as follows:

	Three Months Ended				Percent Increase U.S. Dollars		Percent Increase Local Currency		Percent of Total Net Revenues for the Three Months Ended
	November 30, 2017		November 30, 2016						November 30, 2017		November 30, 2016
	(in millions of U.S. dollars)
OPERATING GROUPS
Communications, Media & Technology	$	1,870	$	1,686	11	%	10	%	20	%	20	%
Financial Services	2,059		1,810		14		11		22		21
Health & Public Service	1,634		1,501		9		8		17		18
Products	2,584		2,320		11		10		27		27
Resources	1,333		1,195		12		10		14		14
Other	43		4		n/m		n/m		—		—
TOTAL NET REVENUES	9,523		8,516		12	%	10	%	100	%	100	%
Reimbursements	531		490		8
TOTAL REVENUES	$	10,054	$	9,006	12	%
GEOGRAPHIC REGIONS (1)
North America	$	4,285	$	3,981	8	%	7	%	45	%	47	%
Europe	3,449		2,958		17		11		36		35
Growth Markets	1,789		1,576		13		16		19		18
TOTAL NET REVENUES	$	9,523	$	8,516	12	%	10	%	100	%	100	%
TYPE OF WORK
Consulting	$	5,184	$	4,593	13	%	11	%	54	%	54	%
Outsourcing	4,339		3,922		11		9		46		46
TOTAL NET REVENUES	$	9,523	$	8,516	12	%	10	%	100	%	100	%

_______________ 

n/m = not meaningful

Amounts in table may not total due to rounding.

(1) Effective September 1, 2017, we revised the reporting of our geographic regions as follows: North America (the United States and Canada), Europe and Growth Markets (Asia Pacific, Latin America, Africa, the Middle East and Turkey). Four countries, including Russia, were previously in Growth Markets, but are now included in Europe. Prior period amounts have been reclassified to conform to the current period presentation.

Net Revenues

The following net revenues commentary discusses local currency net revenue changes for the first quarter of fiscal 2018 compared to the first quarter of fiscal 2017:

Operating Groups

• Communications, Media & Technology net revenues increased 10% in local currency, led by Software & Platforms across all geographic regions, as well as growth in Communications & Media in Growth Markets and Europe.

• Financial Services net revenues increased 11% in local currency, driven by growth across all industry groups and geographic regions, led by Banking & Capital Markets in Europe.

• Health & Public Service net revenues increased 8% in local currency, driven by growth in both Public Service and Health industry groups across all geographic regions.

• Products net revenues increased 10% in local currency, driven by growth across all geographic regions in Consumer Goods, Retail & Travel Services and Industrial, as well as Life Sciences in Europe. This growth was partially offset by a decline in Life Sciences in North America.

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• Resources net revenues increased 10% in local currency, led by growth in Chemicals & Natural Resources across all geographic regions, as well as Utilities in Europe.

Geographic Regions

• North America net revenues increased 7% in local currency, driven by the United States.

• Europe net revenues increased 11% in local currency, driven by Germany, France, Italy, the United Kingdom and Spain.

• Growth Markets net revenues increased 16% in local currency, led by Japan, as well as Australia, Singapore and Brazil.

Operating Expenses

Operating expenses for the first quarter of fiscal 2018 increased $895 million, or 12%, over the first quarter of fiscal 2017, and remained flat as a percentage of revenues at 85.2% during this period. Operating expenses before reimbursable expenses for the first quarter of fiscal 2018 increased $854 million, or 12%, over the first quarter of fiscal 2017, and remained flat as a percentage of net revenues at 84.4%during this period.

Cost of Services

Cost of services for the first quarter of fiscal 2018 increased $727 million, or 12%, over the first quarter of fiscal 2017, and decreased as a percentage of revenues to 69.6% from 69.7% during this period. Cost of services before reimbursable expenses for the first quarter of fiscal 2018 increased $685 million, or 12%, over the first quarter of fiscal 2017, and remained flat as a percentage of net revenues at 67.9% during this period. Gross margin for the first quarter of fiscal 2018remained flat at 32.1%compared to the first quarter of fiscal 2017, and was impacted by lower consulting contract profitability as well as higher acquisition-related costs, which were offset by cost efficiencies.

Sales and Marketing

Sales and marketing expense for the first quarter of fiscal 2018 increased $113 million, or 13%, over the first quarter of fiscal 2017, and increased as a percentage of net revenues to 10.5% from10.4% during this period.

General and Administrative Costs

General and administrative costs for the first quarter of fiscal 2018 increased $55 million, or 11%, over the first quarter of fiscal 2017, and decreased as a percentage of net revenues to 5.9% from 6.0% during this period.

Operating Income and Operating Margin

Operating income for the first quarter of fiscal 2018 increased $154 million, or 12%, over the first quarter of fiscal 2017.

Operating income and operating margin for each of the operating groups were as follows:

	Three Months Ended
	November 30, 2017				November 30, 2016
	Operating Income		Operating Margin		Operating Income		Operating Margin		Increase
	(in millions of U.S. dollars)
Communications, Media & Technology	$	295	16	%	$	258	15	%	$	37
Financial Services	369		18		319		18		50
Health & Public Service	223		14		199		13		24
Products	410		16		409		18		2
Resources	188		14		147		12		41
Total	$	1,486	15.6	%	$	1,332	15.6	%	$	154

_______________ 

Amounts in table may not total due to rounding.

We estimate that the aggregate percentage impact of foreign currency exchange rates on our operating income during the first quarter of fiscal 2018 was similar to that disclosed for net revenue. In addition, during the first quarter of fiscal 2018, each operating group experienced higher acquisition-related costs compared to the first quarter of fiscal 2017. The commentary below provides insight into other factors affecting operating group performance and operating margin for the first quarter of fiscal 2018 compared with the first quarter of fiscal 2017:

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• Communications, Media & Technology operating income increased primarily due to revenue growth, partially offset by lower contract profitability.

• Financial Services operating income increased primarily due to consulting revenue growth, partially offset by lower consulting contract profitability and higher sales and marketing costs as a percentage of net revenues.

• Health & Public Service operating income increased primarily due to revenue growth and higher outsourcing contract profitability.

• Products operating income was flat year-over-year as revenue growth was offset by lower consulting contract profitability and higher sales and marketing costs as a percentage of net revenues.

• Resources operating income increased primarily due to revenue growth.

Provision for Income Taxes

The effective tax rate for the first quarter of fiscal 2018 was 20.5%, compared with 20.4% for the first quarter of fiscal 2017. The effective tax rates for the first quarter of both fiscal 2018 and fiscal 2017 benefited from adjustments to prior year taxes and recognition of excess tax benefits from share based payments.

Our provision for income taxes is based on many factors and subject to volatility year to year. We expect thefiscal 2018 annual effective tax rate to be in the range of 22% to 24%, excluding the impact of recently passed U.S. federal tax legislation. The effective tax rate for interim periods can vary because of the timing of when certain events occur during the year.

Recently passed U.S. federal tax legislation will, when enacted, significantly revise U.S. tax law. The legislation could modestly impact our ongoing effective tax rate by imposing taxes on our intercompany transactions and limiting our ability to deduct certain expenses. These impacts will be partially offset by the reduced corporate income tax rate. In addition, we expect to record a non-cash expense, which could be up to $500 million for fiscal 2018, to reflect the impact of lower tax rates on our net U.S. deferred tax assets.The legislation was recently finalized and will be subject to interpretation, and we continue to evaluate the impacts.

In addition, as described in Note 1 (Basis of Presentation), beginning in fiscal 2019 we will recognize incremental income tax expense as a result of adoption of ASU 2016-16.

Net Income Attributable to Noncontrolling Interests

Net income attributable to noncontrolling interests for the first quarter of fiscal 2018 increased $10 million, or 17%, over the first quarter of fiscal 2017 due to higher net income.

Earnings Per Share

Diluted earnings per share were $1.79 for the first quarter of fiscal 2018, compared with $1.58 for the first quarter of fiscal 2017. The $0.21 increase in our diluted earnings per share was due to an increase of $0.18 from higher revenues and operating results, $0.02 from lower weighted average shares outstanding and $0.01 from higher non-operating income. For information regarding our earnings per share calculations, see Note 2 (Earnings Per Share) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

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Liquidity and Capital Resources

As of November 30, 2017, Cash and cash equivalents was $3.7 billion, compared with $4.1 billion as of August 31, 2017.

Cash flows from operating, investing and financing activities, as reflected in our Consolidated Cash Flows Statements, are summarized in the following table:

	Three Months Ended
	November 30, 2017			November 30, 2016			Change
	(in millions of U.S. dollars)
Net cash provided by (used in):
Operating activities	$	1,006		$	1,084		$	(78	)
Investing activities	(259		)	(690		)	431
Financing activities	(1,179		)	(1,163		)	(16		)
Effect of exchange rate changes on cash and cash equivalents	(13		)	(60		)	47
Net increase (decrease) in cash and cash equivalents	$	(445	)	$	(829	)	$	383

_______________ 

Amounts in table may not total due to rounding.

Operating activities:The year-over-year decrease in operating cash flow was due to a larger increase in net client balances (receivables from clients, current and non-current unbilled services and deferred revenues) and decrease in accounts payable, partially offset by higher net income.

Investing activities: Cash used in investing activities decreased $431 milliondue to lower spending on business acquisitions and investments, partially offset by higher spending on property and equipment. For additional information, see Note 4 (Business Combinations) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Financing activities: The $16 million increase in cash used was primarily due to an increase in cash dividends paid, partially offset by an increase in net proceeds from share issuances. For additional information, see Note 6 (Material Transactions Affecting Shareholders’ Equity) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

We believe that our current and longer-term working capital, investments and other general corporate funding requirements will be satisfied for the next twelve months and thereafter through cash flows from operations and, to the extent necessary, from our borrowing facilities and future financial market activities.

Substantially all of our cash is held in jurisdictions where there are no regulatory restrictions or material tax effects on the free flow of funds. Domestic cash inflows for our Irish parent, principally dividend distributions from lower-tier subsidiaries, have been sufficient to meet our historic cash requirements, and we expect this to continue into the future.

Borrowing Facilities

As of November 30, 2017, we had the following borrowing facilities, including the issuance of letters of credit, to support general working capital purposes:

	Facility Amount		Borrowings Under Facilities
	(in millions of U.S. dollars)
Syndicated loan facility	$	1,000	$	—
Separate, uncommitted, unsecured multicurrency revolving credit facilities	481		—
Local guaranteed and non-guaranteed lines of credit	234		—
Total	$	1,715	$	—

Under the borrowing facilities described above, we had an aggregate of $203 million of letters of credit outstanding as of November 30, 2017. In the fourth quarter of fiscal 2017, we entered into agreements that will allow us to establish a commercial paper program for short-term borrowings of up to $1 billion, backed by our syndicated loan facility.

23

Share Purchases and Redemptions

The Board of Directors of Accenture plc has authorized funding for our publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares and for purchases and redemptions of Accenture plc Class A ordinary shares, Accenture Holdings plc ordinary shares and Accenture Canada Holdings Inc. exchangeable shares held by current and former members of Accenture Leadership and their permitted transferees.

Our share purchase activity during the three months ended November 30, 2017 was as follows:

	Accenture plc Class A Ordinary Shares			Accenture Holdings plc Ordinary Shares and Accenture  Canada Holdings Inc. Exchangeable Shares
	Shares	Amount		Shares	Amount
	(in millions of U.S. dollars, except share amounts)
Open-market share purchases (1)	3,202,607	$	447	—	$	—
Other share purchase programs	—	—		284,514	40
Other purchases (2)	544,334	76		—	—
Total	3,746,941	$	523	284,514	$	40

_______________

(1) We conduct a publicly announced open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees.

(2) During the three months ended November 30, 2017, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.

We intend to continue to use a significant portion of cash generated from operations for share repurchases during the remainder of fiscal 2018. The number of shares ultimately repurchased under our open-market share purchase program may vary depending on numerous factors, including, without limitation, share price and other market conditions, our ongoing capital allocation planning, the levels of cash and debt balances, other demands for cash, such as acquisition activity, general economic and/or business conditions, and board and management discretion. Additionally, as these factors may change over the course of the year, the amount of share repurchase activity during any particular period cannot be predicted and may fluctuate from time to time. Share repurchases may be made from time to time through open-market purchases, in respect of purchases and redemptions of Accenture Holdings plc ordinary shares and Accenture Canada Holdings Inc. exchangeable shares, through the use of Rule 10b5-1 plans and/or by other means. The repurchase program may be accelerated, suspended, delayed or discontinued at any time, without notice.

Other Share Redemptions

During the three months ended November 30, 2017, we issued 199,678 Accenture plc Class A ordinary shares upon redemptions of an equivalent number of Accenture Holdings plc ordinary shares pursuant to our registration statement on Form S-3 (the “registration statement”). The registration statement allows us, at our option, to issue freely tradable Accenture plc Class A ordinary shares in lieu of cash upon redemptions of Accenture Holdings plc ordinary shares held by current and former members of Accenture Leadership and their permitted transferees.

For a complete description of all share purchase and redemption activity for the first quarter of fiscal 2018, see Part II, Item 2, “Unregistered Sales of Equity Securities and Use of Proceeds.”

Off-Balance Sheet Arrangements

In the normal course of business and in conjunction with some client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

To date, we have not been required to make any significant payment under any of the arrangements described above. For further discussion of these transactions, see Note 9 (Commitments and Contingencies) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

New Accounting Pronouncements

See Note 1 (Basis of Presentation) to these Consolidated Financial Statements under Item 1, “Financial Statements.”

24

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

During the three months ended November 30, 2017, there were no material changes to the information on market risk exposure disclosed in our Annual Report on Form 10-K for the year ended August 31, 2017. For a discussion of our market risk associated with foreign currency risk, interest rate risk and equity price risk as of August 31, 2017, see “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A, of our Annual Report on Form 10-K for the year ended August 31, 2017.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our principal executive officer and our principal financial officer, has evaluated 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. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Based on that evaluation, the principal executive officer and the principal financial officer of Accenture plc have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective at the reasonable assurance level.

Changes in Internal Control Over Financial Reporting

There has been no change in our internal control over financial reporting that occurred during the first quarter of fiscal 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The information set forth under “Legal Contingencies” in Note 9 (Commitments and Contingencies) to our Consolidated Financial Statements under Part I, Item 1, “Financial Statements,” is incorporated herein by reference.

ITEM 1A. RISK FACTORS

For a discussion of our potential risks and uncertainties, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2017. There have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K for the year ended August 31, 2017.

25

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Purchases and Redemptions of Accenture plc Class A Ordinary Shares and Class X Ordinary Shares

The following table provides information relating to our purchases of Accenture plc Class A ordinary shares and redemptions of Accenture plc Class X ordinary shares during the first quarter of fiscal 2018.

Period	Total Number of Shares Purchased	Average Price Paid per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
					(in millions of U.S. dollars)
September 1, 2017 — September 30, 2017
Class A ordinary shares	1,079,792	$	135.18	1,049,241	$	2,977
Class X ordinary shares	—	$	0.0000225	—	—
October 1, 2017 — October 31, 2017
Class A ordinary shares	1,265,556	$	138.46	1,127,730	$	2,797
Class X ordinary shares	197,202	$	0.0000225	—	—
November 1, 2017 — November 30, 2017
Class A ordinary shares	1,401,593	$	144.10	1,025,636	$	2,632
Class X ordinary shares	419,139	$	0.0000225	—	—
Total
Class A ordinary shares (4)	3,746,941	$	139.62	3,202,607
Class X ordinary shares (5)	616,341	$	0.0000225	—

_______________

(1) Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.

(2) Since August 2001, the Board of Directors of Accenture plc has authorized and periodically confirmed a publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares. During the first quarter of fiscal 2018, we purchased 3,202,607 Accenture plc Class A ordinary shares under this program for an aggregate price of $447 million. The open-market purchase program does not have an expiration date.

(3) As of November 30, 2017, our aggregate available authorization for share purchases and redemptions was $2,632 million, which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since August 2001 and as of November 30, 2017, the Board of Directors of Accenture plc has authorized an aggregate of $30,100 million for purchases and redemptions of Accenture plc Class A ordinary shares, Accenture Holdings plc ordinary shares or Accenture Canada Holdings Inc. exchangeable shares.

(4) During the first quarter of fiscal 2018, Accenture purchased 544,334 Accenture plc Class A ordinary shares in transactions unrelated to publicly announced share plans or programs. These transactions consisted of acquisitions of Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under our various employee equity share plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.

(5) Accenture plc Class X ordinary shares are redeemable at their par value of $0.0000225 per share.

26

Purchases and Redemptions of Accenture Holdings plc Ordinary Shares and Accenture Canada Holdings Inc. Exchangeable Shares

The following table provides additional information relating to our purchases and redemptions of Accenture Holdings plc ordinary shares and Accenture Canada Holdings Inc. exchangeable shares for cash during the first quarter of fiscal 2018. We believe that the following table and footnotes provide useful information regarding the share purchase and redemption activity of Accenture. Generally, purchases and redemptions of Accenture Holdings plc ordinary shares and Accenture Canada Holdings Inc. exchangeable shares for cash and employee forfeitures reduce shares outstanding for purposes of computing diluted earnings per share.

Period	Total Number of Shares Purchased (1)	Average Price Paid per Share (2)		Total Number of Shares Purchased as Part of  Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
Accenture Holdings plc
September 1, 2017 — September 30, 2017	—	$	—	—	—
October 1, 2017 — October 31, 2017	159,360	$	138.22	—	—
November 1, 2017 — November 30, 2017	104,504	$	144.12	—	—
Total	263,864	$	140.56	—	—
Accenture Canada Holdings Inc.
September 1, 2017 — September 30, 2017	—	$	—	—	—
October 1, 2017 — October 31, 2017	17,150	$	138.85	—	—
November 1, 2017 — November 30, 2017	3,500	$	143.38	—	—
Total	20,650	$	139.62	—	—

_______________

(1) During the first quarter of fiscal 2018, we acquired a total of 263,864 Accenture Holdings plc ordinary shares and 20,650 Accenture Canada Holdings Inc. exchangeable shares from current and former members of Accenture Leadership and their permitted transferees by means of purchase or redemption for cash, or employee forfeiture, as applicable. In addition, during the first quarter of fiscal 2018, we issued 199,678 Accenture plc Class A ordinary shares upon redemptions of an equivalent number of Accenture Holdings plc ordinary shares pursuant to a registration statement.

(2) Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.

(3) For a discussion of our aggregate available authorization for share purchases and redemptions through either our publicly announced open-market share purchase program or the other share purchase programs, see the “Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs” column of the “Purchases and Redemptions of Accenture plc Class A Ordinary Shares and Class X Ordinary Shares” table above and the applicable footnote.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

(a) None.

(b) None.

27

ITEM 6. EXHIBITS

Exhibit Index:

Exhibit Number	Exhibit
3.1	Amended and Restated Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 3, 2016)
10.1	Memorandum and Articles of Association and Deed Poll of Accenture Holdings plc (incorporated by reference to Exhibit 3.1 to Accenture Holdings plc’s 8-K12G3 filed on August 26, 2015)
31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, 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 Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, 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 (furnished 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 (furnished herewith)
101	The following financial information from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended November 30, 2017, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets as of November 30, 2017 (Unaudited) and August 31, 2017, (ii) Consolidated Income Statements (Unaudited) for the three months ended November 30, 2017 and 2016, (iii) Consolidated Statements of Comprehensive Income (Unaudited) for the three months ended November 30, 2017 and 2016, (iv) Consolidated Shareholders’ Equity Statement (Unaudited) for the three months ended November 30, 2017, (v) Consolidated Cash Flows Statements (Unaudited) for the three months ended November 30, 2017 and 2016 and (vi) the Notes to Consolidated Financial Statements (Unaudited)

28

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: December 21, 2017

ACCENTURE PLC
By:	/s/ David P. Rowland
Name:	David P. Rowland
Title:	Chief Financial Officer
	(Principal Financial Officer and Authorized Signatory)

29

EX-31.1

Exhibit 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Pierre Nanterme, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Accenture plc for the period ended November 30, 2017, as filed with the Securities and Exchange Commission on the date hereof;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 21, 2017

/s/ Pierre Nanterme

Pierre Nanterme

Chief Executive Officer of Accenture plc

(principal executive officer)

EX-31.2

Exhibit 31.2

CHIEF FINANCIAL OFFICER CERTIFICATION

I, David P. Rowland, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Accenture plc for the period ended November 30, 2017, as filed with the Securities and Exchange Commission on the date hereof;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 21, 2017

/s/ David P. Rowland

David P. Rowland

Chief Financial Officer of Accenture plc

(principal financial officer)

EX-32.1

Exhibit 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

In connection with the Quarterly Report of Accenture plc (the “Company”) on Form 10-Q for the period ended November 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Pierre Nanterme, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: December 21, 2017

/s/ Pierre Nanterme

Pierre Nanterme

Chief Executive Officer of Accenture plc

(principal executive officer)

EX-32.2

Exhibit 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

In connection with the Quarterly Report of Accenture plc (the “Company”) on Form 10-Q for the period ended November 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David P. Rowland, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: December 21, 2017

/s/ David P. Rowland

David P. Rowland

Chief Financial Officer of Accenture plc

(principal financial officer)

XML

Document and Entity Information - shares	3 Months Ended
	Nov. 30, 2017	Dec. 11, 2017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2017
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Trading Symbol	ACN
Entity Registrant Name	Accenture plc
Entity Central Index Key	0001467373
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Class A ordinary shares
Entity Common Stock, Shares Outstanding		642,550,414
Class X Ordinary Shares
Entity Common Stock, Shares Outstanding		19,915,042

XML

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 3,681,711	$ 4,126,860
Short-term investments	682	3,011
Receivables from clients, net	4,981,084	4,569,214
Unbilled services, net	2,476,871	2,316,043
Other current assets	1,163,493	1,082,161
Total current assets	12,303,841	12,097,289
NON-CURRENT ASSETS:
Unbilled services, net	39,339	40,938
Investments	227,189	211,610
Property and equipment, net	1,158,960	1,140,598
Goodwill	5,078,504	5,002,352
Deferred contract costs	740,972	755,871
Deferred income taxes, net	2,235,695	2,214,901
Other non-current assets	1,189,653	1,226,331
Total non-current assets	10,670,312	10,592,601
TOTAL ASSETS	22,974,153	22,689,890
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	2,979	2,907
Accounts payable	1,316,930	1,525,065
Deferred revenues	2,494,949	2,669,520
Accrued payroll and related benefits	4,504,531	4,060,364
Accrued consumption taxes	414,344	383,391
Income taxes payable	718,246	708,485
Other accrued liabilities	411,047	474,547
Total current liabilities	9,863,026	9,824,279
NON-CURRENT LIABILITIES:
Long-term debt	22,226	22,163
Deferred revenues	687,950	663,248
Retirement obligation	1,422,308	1,408,759
Deferred income taxes, net	121,397	137,098
Income taxes payable	604,972	574,780
Other non-current liabilities	358,837	349,363
Total non-current liabilities	3,217,690	3,155,411
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Restricted share units	1,187,775	1,095,026
Additional paid-in capital	3,755,060	3,516,399
Treasury shares, at cost: Ordinary, 40,000 shares as of November 30, 2017 and August 31, 2017; Class A ordinary, 26,132,059 and 23,408,811 shares as of November 30, 2017 and August 31, 2017, respectively	(2,046,811)	(1,649,090)
Retained earnings	7,339,188	7,081,855
Accumulated other comprehensive loss	(1,133,153)	(1,094,784)
Total Accenture plc shareholders’ equity	9,102,130	8,949,477
Noncontrolling interests	791,307	760,723
Total shareholders’ equity	9,893,437	9,710,200
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	22,974,153	22,689,890
Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	57	57
Class A ordinary shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	14	14
Class X Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	$ 0	$ 0

XML

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Nov. 30, 2017 $ / shares shares	Nov. 30, 2017 € / shares shares	Aug. 31, 2017 $ / shares shares	Aug. 31, 2017 € / shares shares
Ordinary Shares
Ordinary shares, par value | € / shares		€ 1		€ 1
Ordinary shares, shares authorized	40,000	40,000	40,000	40,000
Ordinary shares, shares issued	40,000	40,000	40,000	40,000
Treasury shares, ordinary shares	40,000	40,000	40,000	40,000
Class A ordinary shares
Ordinary shares, par value | $ / shares	$ 0.0000225		$ 0.0000225
Ordinary shares, shares authorized	20,000,000,000	20,000,000,000	20,000,000,000	20,000,000,000
Ordinary shares, shares issued	641,495,594	641,495,594	638,965,789	638,965,789
Treasury shares, ordinary shares	26,132,059	26,132,059	23,408,811	23,408,811
Class X Ordinary Shares
Ordinary shares, par value | $ / shares	$ 0.0000225		$ 0.0000225
Ordinary shares, shares authorized	1,000,000,000	1,000,000,000	1,000,000,000	1,000,000,000
Ordinary shares, shares issued	19,915,042	19,915,042	20,531,383	20,531,383
Ordinary shares, shares outstanding	19,915,042	19,915,042	20,531,383	20,531,383

XML

CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
REVENUES:
Revenues before reimbursements (“Net revenues”)	$ 9,523,222	$ 8,515,517
Reimbursements	531,271	490,086
Revenues	10,054,493	9,005,603
Cost of services:
Cost of services before reimbursable expenses	6,470,962	5,785,485
Reimbursable expenses	531,271	490,086
Cost of services	7,002,233	6,275,571
Sales and marketing	1,001,789	888,827
General and administrative costs	564,591	509,246
Total operating expenses	8,568,613	7,673,644
OPERATING INCOME	1,485,880	1,331,959
Interest income	11,436	8,297
Interest expense	(4,707)	(3,048)
Other income (expense), net	1,515	(6,087)
INCOME BEFORE INCOME TAXES	1,494,124	1,331,121
Provision for income taxes	305,582	271,372
NET INCOME	1,188,542	1,059,749
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc.	(49,133)	(46,452)
Net income attributable to noncontrolling interests – other	(15,749)	(8,821)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$ 1,123,660	$ 1,004,476
Weighted average Class A ordinary shares:
Basic	615,835,525	621,569,764
Diluted	656,671,417	663,752,830
Earnings per Class A ordinary share:
Basic	$ 1.82	$ 1.62
Diluted	1.79	1.58
Cash dividends per share	$ 1.33	$ 1.21

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 1,188,542	$ 1,059,749
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	(27,332)	(190,691)
Defined benefit plans	6,230	11,432
Cash flow hedges	(17,267)	(14,503)
Marketable securities	0	264
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	(38,369)	(193,498)
Other comprehensive income (loss) attributable to noncontrolling interests	(2,834)	(12,309)
COMPREHENSIVE INCOME	1,147,339	853,942
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	1,085,291	810,978
Comprehensive income attributable to noncontrolling interests	62,048	42,964
COMPREHENSIVE INCOME	$ 1,147,339	$ 853,942

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CONSOLIDATED SHAREHOLDERS' EQUITY STATEMENT - 3 months ended Nov. 30, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Ordinary Shares	Class A ordinary shares	Class X Ordinary Shares	Restricted Share Units	Additional Paid-in Capital	Treasury Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Total Accenture plc Shareholders' Equity	Noncontrolling Interests
Beginning Balance at Aug. 31, 2017	$ 9,710,200	$ 57	$ 14	$ 0	$ 1,095,026	$ 3,516,399	$ (1,649,090)	$ 7,081,855	$ (1,094,784)	$ 8,949,477	$ 760,723
Beginning Balance (in shares) at Aug. 31, 2017		40	638,966	20,531
Beginning Balance Treasury (in shares) at Aug. 31, 2017							(23,449)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,188,542							1,123,660		1,123,660	64,882
Other comprehensive income (loss)	(41,203)								(38,369)	(38,369)	(2,834)
Purchases of Class A ordinary shares	(523,166)					19,733	$ (523,166)			(503,433)	(19,733)
Purchases of Class A ordinary shares (in shares)							(3,747)
Share-based compensation expense	212,891				183,945	28,946				212,891
Purchases/redemptions of Accenture Holdings plc ordinary shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares	(39,972)					(36,901)				(36,901)	(3,071)
Purchases/redemptions of Accenture Holdings plc ordinary shares, Accenture Canada Holdings Inc. exchangeable shares and Class X ordinary shares (in shares)				(616)
Issuances of Class A ordinary shares
Employee share programs	239,730				(118,869)	246,036	$ 125,445			230,858	8,872
Employee share programs (in shares)			2,330				1,024
Upon redemption of Accenture Holdings plc ordinary shares (shares)			200
Upon redemption of Accenture Holdings plc ordinary shares	0					1,813				1,813	(1,813)
Dividends	(853,614)				27,673			(844,914)		(817,241)	(36,373)
Other, net	29					(20,966)		341		(20,625)	20,654
Ending Balance (in shares) at Nov. 30, 2017		40	641,496	19,915
Ending Balance Treasury (in shares) at Nov. 30, 2017							(26,172)
Ending Balance at Nov. 30, 2017	$ 9,893,437	$ 57	$ 14	$ 0	$ 1,187,775	$ 3,755,060	$ (2,046,811)	$ 7,339,188	$ (1,133,153)	$ 9,102,130	$ 791,307

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CONSOLIDATED CASH FLOWS STATEMENTS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,188,542	$ 1,059,749
Adjustments to reconcile Net income to Net cash provided by operating activities —
Depreciation, amortization and asset impairments	232,633	187,433
Share-based compensation expense	212,891	149,796
Deferred income taxes, net	(37,578)	(86,013)
Other, net	(4,714)	(141,184)
Change in assets and liabilities, net of acquisitions —
Receivables from clients, net	(434,471)	(279,151)
Unbilled services, current and non-current, net	(152,751)	(64,113)
Other current and non-current assets	(154,120)	(71,564)
Accounts payable	(219,993)	(103,390)
Deferred revenues, current and non-current	(146,608)	(207,437)
Accrued payroll and related benefits	451,187	488,615
Income taxes payable, current and non-current	34,391	86,551
Other current and non-current liabilities	36,429	64,590
Net cash provided by (used in) operating activities	1,005,838	1,083,882
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(133,352)	(84,553)
Purchases of businesses and investments, net of cash acquired	(127,497)	(599,107)
Proceeds from sales of businesses and investments, net of cash transferred	0	(7,200)
Proceeds from sales of property and equipment	1,890	1,238
Net cash provided by (used in) investing activities	(258,959)	(689,622)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of ordinary shares	239,730	212,711
Purchases of shares	(563,138)	(587,935)
Proceeds from (repayments of) long-term debt, net	135	138
Cash dividends paid	(853,614)	(785,127)
Other, net	(2,133)	(2,562)
Net cash provided by (used in) financing activities	(1,179,020)	(1,162,775)
Effect of exchange rate changes on cash and cash equivalents	(13,008)	(60,036)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(445,149)	(828,551)
CASH AND CASH EQUIVALENTS, beginning of period	4,126,860	4,905,609
CASH AND CASH EQUIVALENTS, end of period	3,681,711	4,077,058
Supplemental Cash Flow Information [Abstract]
Income taxes paid	$ 310,715	$ 217,581

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BASIS OF PRESENTATION

3 Months Ended

Nov. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2017 included in our Annual Report on Form 10-K filed with the SEC on October 26, 2017.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which 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 we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2018.

Allowances for Client Receivables and Unbilled Services

As of November 30, 2017 and August 31, 2017, total allowances recorded for client receivables and unbilled services were $53,491 and $74,450, respectively.

Depreciation and Amortization

Depreciation expense was $106,151 and $85,020 for the three months ended November 30, 2017 and 2016, respectively.As of November 30, 2017 and August 31, 2017, total accumulated depreciation was $1,964,127 and $1,912,146, respectively. Deferred transition amortization expense was$81,854and$69,285for thethree months ended November 30, 2017 and 2016, respectively.See Note 5 (Goodwill and Intangible Assets) for intangible asset amortization balances.

New Accounting Pronouncements

The following standards, issued by the FASB, will, or are expected to, result in a change in practice and/or have a financial impact to our Consolidated Financial Statements:

Standard	Description	Accenture Adoption Date	Impact on the Financial Statements or Other Significant Matters
2016-16: Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory	The guidance requires an entity to recognize the income tax consequences of intra-entity transfers, other than inventory, when the transfer occurs. Under current guidance in U.S. GAAP, in the case of depreciable or amortizable assets, the income tax consequences are deferred at the time of the intra-entity transfer and recognized as the assets are depreciated or amortized. The guidance requires modified retrospective transition with a cumulative catch-up adjustment to opening retained earnings in the period of adoption.	September 1, 2018	The adoption of this Accounting Standards Update (“ASU”) will require that we record deferred tax assets on our Consolidated Balance Sheet at the beginning of fiscal 2019. The deferred tax assets, which could be up to $2.1 billion, represent income tax consequences of prior intra-entity transfers of assets, which are currently recognized over the expected life of the assets. Beginning in fiscal 2019, we will recognize incremental income tax expense as these deferred tax assets are utilized. Initially, this could represent approximately a 3.5 percentage point increase in the annual effective tax rate. However, the actual impact of adoption will depend on numerous factors, including activity for fiscal 2018 and management’s expectations regarding recoverability of the related deferred taxes. Adoption will not have any impact on cash flows.
2016-02: Leases	The guidance amends existing guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by leases and to disclose additional quantitative and qualitative information about leasing arrangements. The guidance requires a modified retrospective method upon adoption.	September 1, 2019	While we are continuing to assess the potential impact of this ASU, we currently believe the most significant impact relates to our accounting for office space operating leases.  We anticipate this ASU will have a material impact on our Consolidated Balance Sheets but will not have a material impact on our other Consolidated Financial Statements or footnotes.
2014-09: (Accounting Standard Codification 606), Revenue from Contracts with Customers and related updates	The guidance replaces most existing revenue recognition guidance in U.S. GAAP. The core principle of the ASU is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The guidance allows for both retrospective and modified retrospective methods of adoption.	September 1, 2018	We performed an initial assessment of the impact of the ASU and developed a transition plan, including necessary changes to policies, processes, and internal controls as well as system enhancements to generate the information necessary for the new disclosures. The project is on schedule for adoption on September 1, 2018 and we will apply the modified retrospective method. We expect revenue recognition across our portfolio of services to remain largely unchanged. However, we expect to recognize revenue earlier than we do under current guidance in a few areas, including accounting for variable fees and for certain consulting services, which will be recognized over time rather than at a point in time. While we have not finalized our assessment of the impact of the ASU, based on the analysis completed to date, we do not currently anticipate that the ASU will have a material impact on our Consolidated Financial Statements.

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EARNINGS PER SHARE

3 Months Ended

Nov. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic and diluted earnings per share were calculated as follows:

	Three Months Ended
	November 30, 2017		November 30, 2016
Basic Earnings per share
Net income attributable to Accenture plc	$	1,123,660	$	1,004,476
Basic weighted average Class A ordinary shares	615,835,525		621,569,764
Basic earnings per share	$	1.82	$	1.62
Diluted Earnings per share
Net income attributable to Accenture plc	$	1,123,660	$	1,004,476
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. (1)	49,133		46,452
Net income for diluted earnings per share calculation	$	1,172,793	$	1,050,928
Basic weighted average Class A ordinary shares	615,835,525		621,569,764
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	27,262,887		28,718,885
Diluted effect of employee compensation related to Class A ordinary shares	13,298,234		13,224,914
Diluted effect of share purchase plans related to Class A ordinary shares	274,771		239,267
Diluted weighted average Class A ordinary shares	656,671,417		663,752,830
Diluted earnings per share	$	1.79	$	1.58

_______________

(1) Diluted earnings per share assumes the redemption of all Accenture Holdings plc ordinary shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

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ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Nov. 30, 2017

Equity [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended
	November 30, 2017			November 30, 2016
Foreign currency translation
Beginning balance	$	(770,043	)	$	(919,963	)
Foreign currency translation	(30,757		)	(203,725		)
Income tax benefit (expense)	1,074			852
Portion attributable to noncontrolling interests	2,351			12,182
Foreign currency translation, net of tax	(27,332		)	(190,691		)
Ending balance	(797,375		)	(1,110,654		)
Defined benefit plans
Beginning balance	(440,619		)	(809,504		)
Reclassifications into net periodic pension and post-retirement expense (1)	9,761			17,824
Income tax benefit (expense)	(3,259		)	(5,863		)
Portion attributable to noncontrolling interests	(272		)	(529		)
Defined benefit plans, net of tax	6,230			11,432
Ending balance	(434,389		)	(798,072		)
Cash flow hedges
Beginning balance	114,635			68,011
Unrealized gain (loss)	8,325			(6,106		)
Reclassification adjustments into Cost of services	(28,616		)	(22,149		)
Income tax benefit (expense)	2,269			13,081
Portion attributable to noncontrolling interests	755			671
Cash flow hedges, net of tax	(17,267		)	(14,503		)
Ending balance (2)	97,368			53,508
Marketable securities
Beginning balance	1,243			(264		)
Unrealized gain (loss)	—			462
Income tax benefit (expense)	—			(183		)
Portion attributable to noncontrolling interests	—			(15		)
Marketable securities, net of tax	—			264
Ending balance	1,243			—
Accumulated other comprehensive loss	$	(1,133,153	)	$	(1,855,218	)

_______________

(1) Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs.

(2) As of November 30, 2017, $108,929 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next 12 months.

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BUSINESS COMBINATIONS

3 Months Ended

Nov. 30, 2017

Business Combination, Goodwill [Abstract]

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS

During the three months ended November 30, 2017, we completed individually immaterial acquisitions for total consideration of $106,059, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

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GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Nov. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment were as follows:

	August 31, 2017		Additions/ Adjustments		Foreign Currency Translation			November 30, 2017
Communications, Media & Technology	$	775,802	$	56,323	$	1,861		$	833,986
Financial Services	1,151,024		3,919		202			1,155,145
Health & Public Service	934,374		1,961		123			936,458
Products	1,698,140		7,473		3,776			1,709,389
Resources	443,012		893		(379		)	443,526
Total	$	5,002,352	$	70,569	$	5,583		$	5,078,504

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class were as follows:

	November 30, 2017							August 31, 2017
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer-related	$	819,103	$	(255,977	)	$	563,126	$	809,683	$	(235,315	)	$	574,368
Technology	89,256		(50,230		)	39,026		108,929		(65,453		)	43,476
Patents	125,228		(63,568		)	61,660		124,669		(62,543		)	62,126
Other	52,462		(24,095		)	28,367		52,342		(21,930		)	30,412
Total	$	1,086,049	$	(393,870	)	$	692,179	$	1,095,623	$	(385,241	)	$	710,382

Total amortization related to our intangible assets was $44,628 and $33,128 for the three months ended November 30, 2017 and 2016, respectively. Estimated future amortization related to intangible assets held as of November 30, 2017 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2018	$	115,675
2019	116,433
2020	103,431
2021	94,991
2022	76,823
Thereafter	184,826
Total	$	692,179

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MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS' EQUITY

3 Months Ended

Nov. 30, 2017

Equity [Abstract]

SHAREHOLDERS' EQUITY

MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS’ EQUITY

Dividends

Our dividend activity during the three months ended November 30, 2017 was as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Holdings plc Ordinary Shares and Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2017	$	1.33	October 19, 2017	$	817,241	October 17, 2017	$	36,373	$	853,614

The payment of the cash dividends also resulted in the issuance of an immaterial number of additional restricted share units to holders of restricted share units.

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DERIVATIVE FINANCIAL INSTRUMENTS

3 Months Ended

Nov. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

DERIVATIVE FINANCIAL INSTRUMENTS

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three months ended November 30, 2017 and 2016, as well as those expected to be reclassified into Cost of services in the next 12 months, see Note 3 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were a net loss of $9,534 and $138,094 for the three months ended November 30, 2017 and 2016, respectively. Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments were as follows:

	November 30, 2017		August 31, 2017
Assets
Cash Flow Hedges
Other current assets	$	122,238	$	133,935
Other non-current assets	61,029		82,770
Other Derivatives
Other current assets	40,078		11,470
Total assets	$	223,345	$	228,175
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	13,309	$	21,632
Other non-current liabilities	11,163		17,244
Other Derivatives
Other accrued liabilities	19,308		12,242
Total liabilities	$	43,780	$	51,118
Total fair value	$	179,565	$	177,057
Total notional value	$	9,567,528	$	9,290,345

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements was as follows:

	November 30, 2017		August 31, 2017
Net derivative assets	$	199,439	$	189,066
Net derivative liabilities	19,874		12,009
Total fair value	$	179,565	$	177,057

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INCOME TAXES

3 Months Ended

Nov. 30, 2017

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended November 30, 2017 and 2016 were 20.5% and 20.4%, respectively. The effective tax rates for the three months ended November 30, 2017 and 2016 benefited from adjustments to prior year taxes and recognition of excess tax benefits from share based payments.

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COMMITMENTS AND CONTINGENCIES

3 Months Ended

Nov. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

Commitments

We have the right to purchase or may also be required to purchase substantially all of the remaining outstanding shares of our Avanade Inc. subsidiary (“Avanade”) not owned by us at fair value if certain events occur. As of November 30, 2017 and August 31, 2017, we have reflected the fair value of $52,654 and $52,996, respectively, related to Avanade’s redeemable common stock and the intrinsic value of the options on redeemable common stock in Other accrued liabilities in the Consolidated Balance Sheets.

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which it may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2017 and August 31, 2017, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $700,000 and $697,000, respectively, of which all but approximately $122,000 and $149,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations and/or indemnification provisions and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of November 30, 2017, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

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SEGMENT REPORTING

3 Months Ended

Nov. 30, 2017

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Our reportable operating segments are our five operating groups, which are Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Information regarding our reportable operating segments is as follows:

	Three Months Ended
	November 30, 2017				November 30, 2016
	Net Revenues		Operating Income		Net Revenues		Operating Income
Communications, Media & Technology	$	1,869,770	$	294,925	$	1,686,196	$	257,844
Financial Services	2,059,114		369,253		1,809,769		319,489
Health & Public Service	1,634,111		223,190		1,500,774		199,227
Products	2,584,056		410,389		2,320,169		408,699
Resources	1,332,894		188,123		1,194,858		146,700
Other	43,277		—		3,751		—
Total	$	9,523,222	$	1,485,880	$	8,515,517	$	1,331,959

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BASIS OF PRESENTATION (Policies)

3 Months Ended

Nov. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2017 included in our Annual Report on Form 10-K filed with the SEC on October 26, 2017.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which 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 we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2018.

New Accounting Pronouncements, Policy

New Accounting Pronouncements

The following standards, issued by the FASB, will, or are expected to, result in a change in practice and/or have a financial impact to our Consolidated Financial Statements:

Standard	Description	Accenture Adoption Date	Impact on the Financial Statements or Other Significant Matters
2016-16: Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory	The guidance requires an entity to recognize the income tax consequences of intra-entity transfers, other than inventory, when the transfer occurs. Under current guidance in U.S. GAAP, in the case of depreciable or amortizable assets, the income tax consequences are deferred at the time of the intra-entity transfer and recognized as the assets are depreciated or amortized. The guidance requires modified retrospective transition with a cumulative catch-up adjustment to opening retained earnings in the period of adoption.	September 1, 2018	The adoption of this Accounting Standards Update (“ASU”) will require that we record deferred tax assets on our Consolidated Balance Sheet at the beginning of fiscal 2019. The deferred tax assets, which could be up to $2.1 billion, represent income tax consequences of prior intra-entity transfers of assets, which are currently recognized over the expected life of the assets. Beginning in fiscal 2019, we will recognize incremental income tax expense as these deferred tax assets are utilized. Initially, this could represent approximately a 3.5 percentage point increase in the annual effective tax rate. However, the actual impact of adoption will depend on numerous factors, including activity for fiscal 2018 and management’s expectations regarding recoverability of the related deferred taxes. Adoption will not have any impact on cash flows.
2016-02: Leases	The guidance amends existing guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by leases and to disclose additional quantitative and qualitative information about leasing arrangements. The guidance requires a modified retrospective method upon adoption.	September 1, 2019	While we are continuing to assess the potential impact of this ASU, we currently believe the most significant impact relates to our accounting for office space operating leases.  We anticipate this ASU will have a material impact on our Consolidated Balance Sheets but will not have a material impact on our other Consolidated Financial Statements or footnotes.
2014-09: (Accounting Standard Codification 606), Revenue from Contracts with Customers and related updates	The guidance replaces most existing revenue recognition guidance in U.S. GAAP. The core principle of the ASU is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The guidance allows for both retrospective and modified retrospective methods of adoption.	September 1, 2018	We performed an initial assessment of the impact of the ASU and developed a transition plan, including necessary changes to policies, processes, and internal controls as well as system enhancements to generate the information necessary for the new disclosures. The project is on schedule for adoption on September 1, 2018 and we will apply the modified retrospective method. We expect revenue recognition across our portfolio of services to remain largely unchanged. However, we expect to recognize revenue earlier than we do under current guidance in a few areas, including accounting for variable fees and for certain consulting services, which will be recognized over time rather than at a point in time. While we have not finalized our assessment of the impact of the ASU, based on the analysis completed to date, we do not currently anticipate that the ASU will have a material impact on our Consolidated Financial Statements.

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INCOME TAXES (Policies)

3 Months Ended

Nov. 30, 2017

Accounting Policies [Abstract]

Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

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COMMITMENTS AND CONTINGENCIES (Policies)

3 Months Ended

Nov. 30, 2017

Accounting Policies [Abstract]

Commitments and Contingencies, Policy [Policy Text Block]

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which it may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2017 and August 31, 2017, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $700,000 and $697,000, respectively, of which all but approximately $122,000 and $149,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

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EARNINGS PER SHARE (Tables)

3 Months Ended

Nov. 30, 2017

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

Basic and diluted earnings per share were calculated as follows:

	Three Months Ended
	November 30, 2017		November 30, 2016
Basic Earnings per share
Net income attributable to Accenture plc	$	1,123,660	$	1,004,476
Basic weighted average Class A ordinary shares	615,835,525		621,569,764
Basic earnings per share	$	1.82	$	1.62
Diluted Earnings per share
Net income attributable to Accenture plc	$	1,123,660	$	1,004,476
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. (1)	49,133		46,452
Net income for diluted earnings per share calculation	$	1,172,793	$	1,050,928
Basic weighted average Class A ordinary shares	615,835,525		621,569,764
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	27,262,887		28,718,885
Diluted effect of employee compensation related to Class A ordinary shares	13,298,234		13,224,914
Diluted effect of share purchase plans related to Class A ordinary shares	274,771		239,267
Diluted weighted average Class A ordinary shares	656,671,417		663,752,830
Diluted earnings per share	$	1.79	$	1.58

_______________

(1) Diluted earnings per share assumes the redemption of all Accenture Holdings plc ordinary shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Nov. 30, 2017

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended
	November 30, 2017			November 30, 2016
Foreign currency translation
Beginning balance	$	(770,043	)	$	(919,963	)
Foreign currency translation	(30,757		)	(203,725		)
Income tax benefit (expense)	1,074			852
Portion attributable to noncontrolling interests	2,351			12,182
Foreign currency translation, net of tax	(27,332		)	(190,691		)
Ending balance	(797,375		)	(1,110,654		)
Defined benefit plans
Beginning balance	(440,619		)	(809,504		)
Reclassifications into net periodic pension and post-retirement expense (1)	9,761			17,824
Income tax benefit (expense)	(3,259		)	(5,863		)
Portion attributable to noncontrolling interests	(272		)	(529		)
Defined benefit plans, net of tax	6,230			11,432
Ending balance	(434,389		)	(798,072		)
Cash flow hedges
Beginning balance	114,635			68,011
Unrealized gain (loss)	8,325			(6,106		)
Reclassification adjustments into Cost of services	(28,616		)	(22,149		)
Income tax benefit (expense)	2,269			13,081
Portion attributable to noncontrolling interests	755			671
Cash flow hedges, net of tax	(17,267		)	(14,503		)
Ending balance (2)	97,368			53,508
Marketable securities
Beginning balance	1,243			(264		)
Unrealized gain (loss)	—			462
Income tax benefit (expense)	—			(183		)
Portion attributable to noncontrolling interests	—			(15		)
Marketable securities, net of tax	—			264
Ending balance	1,243			—
Accumulated other comprehensive loss	$	(1,133,153	)	$	(1,855,218	)

_______________

(1) Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs.

(2) As of November 30, 2017, $108,929 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next 12 months.

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GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Nov. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill by reportable operating segment were as follows:

	August 31, 2017		Additions/ Adjustments		Foreign Currency Translation			November 30, 2017
Communications, Media & Technology	$	775,802	$	56,323	$	1,861		$	833,986
Financial Services	1,151,024		3,919		202			1,155,145
Health & Public Service	934,374		1,961		123			936,458
Products	1,698,140		7,473		3,776			1,709,389
Resources	443,012		893		(379		)	443,526
Total	$	5,002,352	$	70,569	$	5,583		$	5,078,504

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Our definite-lived intangible assets by major asset class were as follows:

	November 30, 2017							August 31, 2017
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer-related	$	819,103	$	(255,977	)	$	563,126	$	809,683	$	(235,315	)	$	574,368
Technology	89,256		(50,230		)	39,026		108,929		(65,453		)	43,476
Patents	125,228		(63,568		)	61,660		124,669		(62,543		)	62,126
Other	52,462		(24,095		)	28,367		52,342		(21,930		)	30,412
Total	$	1,086,049	$	(393,870	)	$	692,179	$	1,095,623	$	(385,241	)	$	710,382

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Fiscal Year	Estimated Amortization
Remainder of 2018	$	115,675
2019	116,433
2020	103,431
2021	94,991
2022	76,823
Thereafter	184,826
Total	$	692,179

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MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2017

Equity [Abstract]

Schedule of Dividend Activity

dividend activity during the three months ended November 30, 2017 was as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Holdings plc Ordinary Shares and Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2017	$	1.33	October 19, 2017	$	817,241	October 17, 2017	$	36,373	$	853,614

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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Nov. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional and Fair Values of All Derivative Instruments

The notional and fair values of all derivative instruments were as follows:

	November 30, 2017		August 31, 2017
Assets
Cash Flow Hedges
Other current assets	$	122,238	$	133,935
Other non-current assets	61,029		82,770
Other Derivatives
Other current assets	40,078		11,470
Total assets	$	223,345	$	228,175
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	13,309	$	21,632
Other non-current liabilities	11,163		17,244
Other Derivatives
Other accrued liabilities	19,308		12,242
Total liabilities	$	43,780	$	51,118
Total fair value	$	179,565	$	177,057
Total notional value	$	9,567,528	$	9,290,345

Offsetting Derivative Assets and Liabilities Table

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements was as follows:

	November 30, 2017		August 31, 2017
Net derivative assets	$	199,439	$	189,066
Net derivative liabilities	19,874		12,009
Total fair value	$	179,565	$	177,057

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SEGMENT REPORTING (Tables)

3 Months Ended

Nov. 30, 2017

Segment Reporting [Abstract]

Reportable Operating Segments

Our reportable operating segments are our five operating groups, which are Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources. Information regarding our reportable operating segments is as follows:

	Three Months Ended
	November 30, 2017				November 30, 2016
	Net Revenues		Operating Income		Net Revenues		Operating Income
Communications, Media & Technology	$	1,869,770	$	294,925	$	1,686,196	$	257,844
Financial Services	2,059,114		369,253		1,809,769		319,489
Health & Public Service	1,634,111		223,190		1,500,774		199,227
Products	2,584,056		410,389		2,320,169		408,699
Resources	1,332,894		188,123		1,194,858		146,700
Other	43,277		—		3,751		—
Total	$	9,523,222	$	1,485,880	$	8,515,517	$	1,331,959

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BASIS OF PRESENTATION - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Aug. 31, 2019	Aug. 31, 2017
Allowance for doubtful accounts receivable and unbilled services	$ 53,491			$ 74,450
Depreciation	106,151	$ 85,020
Accumulated depreciation	1,964,127			$ 1,912,146
DeferredTransitionAmortizationExpense	$ 81,854	$ 69,285
Accounting Standards Update 2016-16 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification, Percent			3.50%
Accounting Standards Update 2016-16 [Member] | Deferred Tax Asset [Domain]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			$ 2,100,000

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EARNINGS PER SHARE (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Nov. 30, 2017	Nov. 30, 2016
Basic Earnings per share
Net income attributable to Accenture plc		$ 1,123,660	$ 1,004,476
Basic weighted average Class A ordinary shares		615,835,525	621,569,764
Basic earnings per share		$ 1.82	$ 1.62
Diluted Earnings per share
Net income attributable to Accenture plc		$ 1,123,660	$ 1,004,476
Net income attributable to noncontrolling interests in Accenture Holdings plc and Accenture Canada Holdings Inc. (1)	[1]	49,133	46,452
Net income for diluted earnings per share calculation		$ 1,172,793	$ 1,050,928
Basic weighted average Class A ordinary shares		615,835,525	621,569,764
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	[1]	27,262,887	28,718,885
Diluted effect of employee compensation related to Class A ordinary shares		13,298,234	13,224,914
Diluted effect of share purchase plans related to Class A ordinary shares		274,771	239,267
Diluted weighted average Class A ordinary shares		656,671,417	663,752,830
Diluted earnings per share		$ 1.79	$ 1.58

[1] Diluted earnings per share assumes the redemption of all Accenture Holdings plc ordinary shares owned by holders of noncontrolling interests and the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests — other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

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ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands		3 Months Ended
		Nov. 30, 2017	Nov. 30, 2016	Aug. 31, 2017
Foreign currency translation
Beginning balance		$ (770,043)	$ (919,963)
Foreign currency translation		(30,757)	(203,725)
Income tax benefit (expense)		1,074	852
Portion attributable to noncontrolling interests		2,351	12,182
Foreign currency translation, net of tax		(27,332)	(190,691)
Ending balance		(797,375)	(1,110,654)
Defined benefit plans
Beginning balance		(440,619)	(809,504)
Reclassifications into net periodic pension and post-retirement expense (1)	[1]	(9,761)	(17,824)
Income tax benefit (expense)		(3,259)	(5,863)
Portion attributable to noncontrolling interests		(272)	(529)
Defined benefit plans, net of tax		6,230	11,432
Ending balance		(434,389)	(798,072)
Cash flow hedges
Beginning balance		114,635	68,011
Unrealized gain (loss)		8,325	(6,106)
Reclassification adjustments into Cost of services		(28,616)	(22,149)
Income tax benefit (expense)		2,269	13,081
Portion attributable to noncontrolling interests		755	671
Cash flow hedges, net of tax		(17,267)	(14,503)
Ending balance (2)	[2]	97,368	53,508
Marketable securities
Beginning balance		1,243	(264)
Unrealized gain (loss)		0	462
Income tax benefit (expense)		0	(183)
Portion attributable to noncontrolling interests		0	(15)
Marketable securities, net of tax		0	264
Ending balance		1,243	0
Accumulated other comprehensive loss		$ (1,133,153)	$ (1,855,218)	$ (1,094,784)

[1] Reclassifications into net periodic pension and post-retirement expense are recognized in Cost of services, Sales and marketing and General and administrative costs.

[2] As of November 30, 2017, $108,929 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next 12 months.

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ACCUMULATED OTHER COMPREHENSIVE LOSS Derivatives Designated as Cash Flow Hedges (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2017 USD ($)
Cost Of Services [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 108,929

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BUSINESS COMBINATIONS- Additional Information (Detail) $ in Thousands	3 Months Ended
	Nov. 30, 2017 USD ($)
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisitions [Line Items]
Cash Consideration	$ 106,059

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GOODWILL AND INTANGIBLE ASSETS - Goodwill Rollforward (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2017 USD ($)
Goodwill [Line Items]
Goodwill	$ 5,002,352
Goodwill Acquired During Period And Adjustments	70,569
Goodwill, Translation Adjustments	5,583
Goodwill	5,078,504
Communications, Media & Technology
Goodwill [Line Items]
Goodwill	775,802
Goodwill Acquired During Period And Adjustments	56,323
Goodwill, Translation Adjustments	1,861
Goodwill	833,986
Financial Services
Goodwill [Line Items]
Goodwill	1,151,024
Goodwill Acquired During Period And Adjustments	3,919
Goodwill, Translation Adjustments	202
Goodwill	1,155,145
Health & Public Service
Goodwill [Line Items]
Goodwill	934,374
Goodwill Acquired During Period And Adjustments	1,961
Goodwill, Translation Adjustments	123
Goodwill	936,458
Products
Goodwill [Line Items]
Goodwill	1,698,140
Goodwill Acquired During Period And Adjustments	7,473
Goodwill, Translation Adjustments	3,776
Goodwill	1,709,389
Resources
Goodwill [Line Items]
Goodwill	443,012
Goodwill Acquired During Period And Adjustments	893
Goodwill, Translation Adjustments	(379)
Goodwill	$ 443,526

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GOODWILL AND INTANGIBLE ASSETS - Intangible Table by Major Class (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,086,049	$ 1,095,623
Accumulated Amortization	(393,870)	(385,241)
Net Carrying Amount	692,179	710,382
Customer-related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	819,103	809,683
Accumulated Amortization	(255,977)	(235,315)
Net Carrying Amount	563,126	574,368
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	89,256	108,929
Accumulated Amortization	(50,230)	(65,453)
Net Carrying Amount	39,026	43,476
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	125,228	124,669
Accumulated Amortization	(63,568)	(62,543)
Net Carrying Amount	61,660	62,126
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	52,462	52,342
Accumulated Amortization	(24,095)	(21,930)
Net Carrying Amount	$ 28,367	$ 30,412

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GOODWILL AND INTANGIBLE ASSETS - Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Aug. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 44,628	$ 33,128
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	115,675
Finite-Lived Intangible Assets, Amortization Expense, Year Two	116,433
Finite-Lived Intangible Assets, Amortization Expense, Year Three	103,431
Finite-Lived Intangible Assets, Amortization Expense, Year Four	94,991
Finite-Lived Intangible Assets, Amortization Expense, Year Five	76,823
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	184,826
Net Carrying Amount	$ 692,179		$ 710,382

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MATERIAL TRANSACTIONS AFFECTING SHAREHOLDERS' EQUITY - Dividend Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Dividends [Line Items]
Dividend Per Share	$ 1.33	$ 1.21
Dividend Payment November 2017 [Member] [Domain]
Dividends [Line Items]
Dividend Payment Date	Nov. 15, 2017
Dividend Per Share	$ 1.33
Cash Outlay	$ 853,614
Dividend Payment November 2017 [Member] [Domain] | Accenture Holdings plc ordinary Shares and Accenture Canada Holdings Inc Exchangeable Shares [Member]
Dividends [Line Items]
Record Date	Oct. 17, 2017
Cash Outlay	$ 36,373
Dividend Payment November 2017 [Member] [Domain] | Class A ordinary shares
Dividends [Line Items]
Record Date	Oct. 19, 2017
Cash Outlay	$ 817,241

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DERIVATIVE FINANCIAL INSTRUMENTS - Notional and Fair Values of All Derivative Instruments (Detail) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Assets
Fair value of derivative assets	$ 223,345	$ 228,175
Liabilities
Fair value of derivative liabilities	43,780	51,118
Total fair value	179,565	177,057
Total notional value	9,567,528	9,290,345
Cash Flow Hedging [Member] | Other current assets
Assets
Fair value of derivative assets	122,238	133,935
Cash Flow Hedging [Member] | Other non-current assets
Assets
Fair value of derivative assets	61,029	82,770
Cash Flow Hedging [Member] | Other accrued liabilities
Liabilities
Fair value of derivative liabilities	13,309	21,632
Cash Flow Hedging [Member] | Other non-current liabilities
Liabilities
Fair value of derivative liabilities	11,163	17,244
Other Derivatives | Other current assets
Assets
Fair value of derivative assets	40,078	11,470
Other Derivatives | Other accrued liabilities
Liabilities
Fair value of derivative liabilities	$ 19,308	$ 12,242

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DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Realized gains or (losses) and changes in the estimated fair value of derivatives not designated as hedges	$ 9,534	$ 138,094

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DERIVATIVE FINANCIAL INSTRUMENTS Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Offsetting [Abstract]
Net derivative assets	$ 199,439	$ 189,066
Net derivative liabilities	19,874	12,009
Total fair value	$ 179,565	$ 177,057

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INCOME TAXES (Details)	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	20.50%	20.40%

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COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Commitments [Abstract]
Fair value of Avanade redeemable common stock and options	$ 52,654	$ 52,996
Indemnifications and Guarantees [Abstract]
Expressly limited performance guarantee	700,000	697,000
Portion of guarantee not recoverable	$ 122,000	$ 149,000

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SEGMENT REPORTING - Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Segment Reporting Information [Line Items]
Net Revenues	$ 9,523,222	$ 8,515,517
Operating Income	1,485,880	1,331,959
Communications, Media & Technology
Segment Reporting Information [Line Items]
Net Revenues	1,869,770	1,686,196
Operating Income	294,925	257,844
Financial Services
Segment Reporting Information [Line Items]
Net Revenues	2,059,114	1,809,769
Operating Income	369,253	319,489
Health & Public Service
Segment Reporting Information [Line Items]
Net Revenues	1,634,111	1,500,774
Operating Income	223,190	199,227
Products
Segment Reporting Information [Line Items]
Net Revenues	2,584,056	2,320,169
Operating Income	410,389	408,699
Resources
Segment Reporting Information [Line Items]
Net Revenues	1,332,894	1,194,858
Operating Income	188,123	146,700
Other
Segment Reporting Information [Line Items]
Net Revenues	43,277	3,751
Operating Income	$ 0	$ 0

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SEGMENT REPORTING - Additional Information (Detail)	3 Months Ended
	Nov. 30, 2017 segment
Segment Reporting [Abstract]
Number of operating segments	5