Evaluate the contemporary accounting issues in the annual report of an ASX-listed company- Qantas Airways Limited (ASX: QAN)

You have recently been appointed as a financial analyst. You are asked to write a research report that presents your analysis of several contemporary accounting issues of Qantas Airways Limited (Qantas) listed on the Australian Stock Exchange (ASX). Peruse the 2019 Qantas annual report and answer the following questions.

Search "Qantas FY19 Annual Report" online for the 2019 Qantas annual report.

Part A: Qualitative analyses

1. Executive Compensation The COVID-19 pandemic is a traumatic experience for corporates and managers. In a surprising act of solidarity, corporate CEOs are taking voluntary pay cuts. Among others, Qantas CEO Alan Joyce has announced pay cuts (e.g. agreed not to be paid a salary for half of the year). Voluntary CEO pay cuts have been considered as beneficial by some, others argue that these actions may not be all benevolent. Required: With which view do you agree? Your discussions should be supported by relevant academic research and/or real-world examples.