This report examines the earning management techniques employed by Qantas Airways, focusing on its financial reports. The analysis covers techniques such as 'big bet on the future,' cookie jar reserves, and revenue and expense recognition. The report identifies Qantas's motivations for using these techniques and provides recommendations for improvement. The study utilizes Qantas's annual reports from recent years to illustrate the application of these earning management strategies. The report also highlights the company's financial performance and its efforts to manage earnings to create a strong market position and attract investors. The conclusion emphasizes the prevalence of earning management practices among companies and suggests ways for Qantas to effectively manage its financial operations while minimizing risks.