1.6 'Some of the information generated by an organisation's financial accounting system is of limited use for management accounting purposes.' Do you agree or disagree with this statement? Provide examples to explain your answer. LO 1.3 1.7 The Real Life scenario titled 'Increasing competitive pressures faced by Asian airlines' in the section 'Australasian organisations in the twenty-first century' highlights the turbulent competitive environment faced by many airlines. Explain how such events might impact the type of information provided by management accountants in those organisations. LO 1.3 REAL LIFE 1.8 Management accountants should be located inside business units to better assist manager decision making. Do you agree with this statement? Provide reasons for your answer. Lo 1.4 1.9 Based on the Real Life titled 'The accountant in the modern business environment' in the section 'Management accounting processes and techniques', describe some of the qualities that a successful chief financial officer (CFO) should possess. LO 1.4 1.10 Outline the major processes that management accounting systems use to create value and manage resources. Use an example of an organisation with which you are familiar to illustrate your response. LO 1.5 1.11 Give examples of how management accounting information could assist in managing resources in a law firm. LO 1.6 1.12 How could management accounting information be used to support BHP managers in achieving their strategy (as outlined in this chapter)? Lo 1.6 1.13 What types of information might a management accountant provide to the managers of a business that considered customer service to be of key strategic importance? LO 1.6 1.14 Describe some planning and control activities that Cricket Australia's management would engage in. LO 1.7 1.15 Explain how the management of the University of Queensland Business School can use a budget to assist