The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.
Internet is a good place to get information that is useful to you
The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.
Ooredoo was founded in Doha in 1987 initially as a telephone exchange company. It has since grown to become the largest communications operator in Qatar offering new technologies to the country including mobile, broadband, digital, and fiber services. The publicly-traded company has ownership from the royal family with H.E. Sheikh Abdullah Bin Mohammed Bin Saud Al Thani as the company’s chairman.
Qtel Group and all its operating companies worldwide were officially unified under Ooredoo Group in February 2013, as part of the company’s strategy to combine its assets in order to form a global business within the telecommunications industry. The name Ooredoo is Arabic for “I Want”, chosen “to reflect the aspirations of Ooredoo customers.
Ooredoo has experienced significant growth over the last six years, transforming from a single market operator in Qatar to an international communications company with a global customer base of more than 114 million customers worldwide (as of September 2015) and consolidated revenues of QAR 24.2 billion for the first nine months of fiscal year 2015. Ooredoo has operations in 10 countries across the Middle East, North Africa, and Southeast Asia, including Algeria, Indonesia, Iraq, Kuwait, Myanmar, Maldives, Oman, Palestine, Qatar, and Tunisia.
Access the Ooredoo investors’ web page at:
https://www.ooredoo.com/en/investors/financial_information/annual-reports/ then download the annual report 2018 in PDF Form.
Instructions
Use the 2018 Annual report of Ooredoo (English) to answer the following questions:
1- A stakeholder is any person or entity that has an interest in the success or failure of a business or project. Discuss at least two types of stakeholders and give examples from the Ooredoo annual report to justify your answer. Also explain the reason of their interest in the financial statements.
[Marks (Words): 10(200)]
2- Define the concept of accounting and reporting. How you can differentiate these terms? In your discussion you need to support your answer from the Annual report of Ooredoo.
[Marks (Words): 10(100)]
3- As you learned in Unit 1, Session 3, the major environmental factors impacting on an organization can be grouped under four headings: political/legal, economic, social/demographic and technological (PEST analysis). Giving examples from the annual report, discuss the impact of each of the elements in the PEST analysis on Ooredoo.
[Marks (Words): 10(300)]
4- A key advantage of the accrual basis is that it matches revenues with related expenses, so that the complete impact of a business transaction can be seen within a single reporting period. Elaborate the main points of this accounting system and give the evidence from Ooredoo annual report 2018.
[Marks (Words): 10(300)]
5- IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models for Ooredoo and describe the depreciation methods used by Ooredoo.
[Marks (Words): 10(100)]
6- In a complex organization, accountants are inevitably forced to make numerous judgments and estimates when preparing a company’s financial statements. Give examples of Ooredoo judgments and estimates reported in consolidated financial statements. [Marks (Words): 10(100)]
7- Identify the difference between revenue expenditure and capital expenditure and provide the example from Annual report of Ooredoo 2018.
8- Explain why the going concern basis is important in understanding Ooredoo financial statement; Support your answer with evidence from Ooredoo annual report. [Marks (Words): 10(200)]
9- In the annual report of Ooredoo, there are two years data has been given i-e 2017 & 2018. Compare and contrast these two years data and write a summary either the Ooredoo is better or worse from 2017 to 2018 or no change. [Marks (Words): 10(100)]
10- Write a summary on Ooredoo financial condition, including information/data taken from financial statements and overall business condition. Your discussion should cover the basic elements of Financial statements.
[Marks (Words): 10(100)]
