Perform an accounting analysis of your company identifying the key accounting policies. Your answer needs to focus on implications for investment decision making by risk-averse investors with limited knowledge. As part of this analysis comment on: a) QANTAS' latest three annual financial reports regarding those areas most open to Managers' accounting choices;

b) those areas that are most likely to pose the greatest risk to analysts when evaluating the company (i.e. that may result in incorrect forecasts)

c) By evaluating the quality of disclosure in the footnotes in the annual reports: e.g. i) remuneration, ii) depreciation, iii) leasing (if available), iv) inventory, etc.