1- create memorandum that identify and explain the management accounting issues found in the given below scenario, including possible strengths/opportunities, weaknesses and threats found.
2- What accounting techniques or tools that would lead to solutions can be suggested to the board of directors to solve those issues or improve the firm's performance.
3- Write down any other relevant information that can be useful to the board of directors.
Australia's flag carrier, Qantas, will sack 6,000 people and continue to stand down half its 30,000-strong workforce as it struggles to cope with the continuing shutdown of the airline sector amid the coronavirus crisis. Alan Joyce, the chief executive who has previously claimed the airline was in a much stronger financial position than its stricken rival, Virgin Australia, said the company would also be raising $1.9bn in fresh capital to help see it through until flying resumes in earnest. He said the stand-down was likely to extend for a long time, with international flights not to resume in earnest before July next year at the soonest. Joyce said he wanted the federal government to extend jobkeeper subsidies, which are due to expire in September, for the airline sector. "We're having good discussions with the government about possibly extending jobkeeper, or some other form of support, for those in the aviation industry who will be stood down for an extended period," he said Qantas's fleet of 12 long-haul Airbus A380s, which can carry more than 800 passengers, will be sent to the Mojave desert for storage for three years. The airline also cancelled a $200m dividend payment it was due to make to shareholders in September. Most viewed The move was immediately condemned by the national secretary of the https://www.theguardian.com/business/2020/jun/25/qantas-to-cut-60...and-keep-15000-stood-down-in-bid-to-survive-coronavirus-downturn Page 1 of 4 Qantas to cut 6,000 jobs and keep 15,000 stood down in bid to survive coronavirus downturn | Qantas | The Guardian 19/5/21, 9:03 pm Transport Workers' Union, Michael Kaine, who accused Joyce of being "quick Live UK Covid live to cut jobs and hang workers out to dry" and said the airline should have latest data on India offers 'glimmer of f held off on sackings until after the federal government announced whether says expert the jobkeeper program would be extended. Any amount of alco Kaine said both Qantas and the Morrison government, which has repeatedly consumption harm rebuffed the TWU's calls for a bailout of the aviation industry, were to blame brain, finds study for the job losses. Why are our cities I "Before Qantas slashed thousands of workers' jobs and takes more of its oft-tall men? The fe planes down to the pawn shop it should be lobbying the federal government architects who fou; for an extension to jobkeeper and financial support to allow the airline to weather the crisis," he said. Climate crisis to pu millions of British ] "The Qantas CEO is very good at walking the halls of Canberra when it suits risk of subsiding his agenda, yet he is quick to cut jobs and hang workers out to dry. We are Covid laid bare exis demanding that he halt these redundancies until the federal government weaknesses in UK makes an announcement on jobkeeper." government, says The prime minister, Scott Morrison, said aviation was a sector that would need continued support with jobkeeper wage subsidies and other coronavirus support measures due to end in September. "We are just working through the best way to target and deliver that support," he told reporters in Sydney on Thursday. He said "jobkeeper or other measures" could be used to help the sector in the future. Despite the job losses and financial carnage, Joyce stood by his controversial "Project Sunrise" plan to start ultra-long-haul flights of up to 21 hours to London and New York. His sober words on Thursday contrasted with punchy statements in March, when he took aim at Virgin by saying it was "survival of the fittest" in the airline industry and Qantas was "working on is making sure we are last man standing". These statements drew the ire of the competition regulator Rod Sims, who said they were "unhelpful" and he would investigate them. Since then, Qantas has been able to avoid raising capital, which dilutes the value of existing shares, by mortgaging some of its planes
