Qantas Airlines: Contemporary Accounting Issues and Solutions

This report examines the accounting issues of Qantas Airlines, a major player in the aviation industry. It begins by providing a brief overview of Qantas, highlighting its history, operations, and global presence. The report then delves into the contemporary accounting issues faced by the company, including financial reporting, challenges, and managerial activities. It emphasizes the importance of addressing these issues for the company's growth and sustainability. The report also mentions the negative aspects of the company and how they are affecting the company's growth. The report discusses the challenges the company faces in the business environment and how the management is working to overcome these challenges. The report also evaluates the managerial activities that the company can initiate to increase the productivity of the airlines. This report provides a comprehensive analysis of the accounting issues and challenges faced by Qantas Airlines and suggests potential solutions to improve its financial performance and operational efficiency.

Running Head: Contemporary Issues in Accounting
Contemporary Issues in Accounting
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Contemporary Issues in Accounting 1
Executive Summary
The aim of this report is to enlighten the reader about the information about the company Qantas
Airline. Qantas Airlines is a flag carrier of Australia that operates its services in the aviation
industry. The organization is the largest airlines present in the industry by fleet size, international
destination and international flight. Qantas is also known as the third oldest airline in the world
next to the companies KLM and Avianca. The name of the company comes through the acronym
of its original name Queensland and Northern Territory Aerial Services. The company is
nicknamed as the ‘The Flying Kangaroo’ and it is the founding member of the Oneworld Airline
Alliance. The airlines company is headquartered in Australia and provides its services to total 85
destinations. The company also maintains Jetstar Airways that is a low-cost airlines service that
operates in the international market from Australia and domestic service within Australia and
New Zealand. The below mentioned report highlights information about the negative aspects of
the company Qantas airlines. Although the company is successfully prevailing in the target
market but still there are some areas where the business falling behind. The report discusses
about all such negative aspects of the company in terms of contemporary issues in conducting
the business. All organizations face contemporary issues in the business process while
conducting its growth in the target market. Such issues act as a barrier in the growth of the
company and make them face difficulty to survive. This report evaluates the contemporary issues
in accounting for the company Qantas airlines and their managerial activities in the business
environment. The managerial activities of the company should be initiated to increase the
productivity of the airlines. More details about the report are discussed below.