Financial Reporting on the Internet

Running head: FINANCIAL REPORTING ON THE INTERNET
Financial Reporting on the Internet
Name of the Student
Name of the University
Author’s Note

1FINANCIAL REPORTING ON THE INTERNET
Table of Contents
Requirement 1.......................................................................................................2
Requirement 2.......................................................................................................3
Requirement 3.......................................................................................................4
Requirement 4.......................................................................................................5
Requirement 5.......................................................................................................5
Requirement 6.......................................................................................................6
Requirement 7.......................................................................................................7
Requirement 8.......................................................................................................7
Requirement 9.......................................................................................................8
Requirement 10.....................................................................................................8
References...........................................................................................................10

2FINANCIAL REPORTING ON THE INTERNET
Requirement 1
A stakeholder can be considered as a person or organization having
interest or stake in an organization. The presence of many stakeholders can be
seen; and two of them are discussed below:
Investors – Investors are considered as one of the major stakeholder group in
the companies and they include both the shareholders and the debt holders. The
major stake of the investors in the companies is financial return. The main job
of these investors is to invest capital in the businesses with the aim to earn
certain rate of return on the invested capital (Ferretti 2016). The main concern
of these investors is the concept of shareholder value. It can be seen from the
2017 Annual Report of Oman Telecommunication Company (Omantel) as the
company also has shareholders and investors who have invested in their
business. Omantel has ensured the adoption of effective channels and methods
of communication with them; such as publication of quarterly report, annual
report, presentation of the company’s financial performance and others
(omantel.om 2019).
Communities: Communities are considered as another major group of
stakeholders for the companies; there are certain organizational factors that
affect these stakeholder group such as creation of job, economic development,
safety and health. For this reason, the main stakes of this stakeholder group are
healthy, safety and economic development (Tarhini et al. 2015). When a big

3FINANCIAL REPORTING ON THE INTERNET
corporation exists or enters into the market, it creates impact of income,
employment and spending power. It can be seen from the 2017 Annual Report
of Omantel that the company has taken many corporate social responsibility
related steps to ensure the well-being of the whole community. Some of their
initiatives are to provide funding in the hospitals, to provide support to the
summer camps and many others (omantel.om 2019).
Requirement 2
The following discussion shows the PEST analysis of Omantel based on
the information in the 2017 Annual Report:
Political – Certain political factors have major impact on the business of
Omantel. As per the 2017 Annual Report, the business of the company has
suffered due to the low government spending in the year 2017. Due to this, the
presence of major pressure can be seen on the demand of telecom services. In
addition, the government of Oman has increased the royalty charges to 12%
from 7% along with the increase in income tax. This aspect has significant
impact on the profitability of Omantel in 2017 (omantel.om 2019).
Economic – Like political factors, economic factors also has significant impact
on the business operations of Omantel. As per the 2017 Annual Report of
Omantel, the economic growth of Oman stayed under pressure in 2017 due to
the presence of oil price fall, feebler consumption and low government