Real Time Information Financial Reporting
The Internet has become an increasingly important means of communication. By August 2001, the world population on-line reached 8.46%. The top three countries in terms of on-line population were Sweden (64%), the US (60%), and the UK (55%). Forecasts made by eTforcats (2001) in July 2001 suggest that globally the on-line population is expected to grow from just under 7% in 2000 to 20% by 2006. The Internet is also an increasingly attractive market place with business-to-business e-commerce predicted to increase from US $919 billion in 2001 to US $8.53 trillion by 2005. The Internet is also increasingly important for financial ...