You are a strategy and accounting quality analyst to provide a report for valuation purposes. Use the Qantas $2022$ annual report and the Case Study $1$ Part A and Part B available at the end of your textbook and relevant media news $($especially with regards to the Covid$-19$ impact on Qantas$/$airline industry$)$ to provide a report in response to the following questions. In some of the questions, you may need information from the $2020$ and $2021$ Qantas annual reports or other airline company information for a benchmark$\mathrm{.}1.$ Using the five forces framework, analyse the competitive forces in the airline industry facing Qantas. Evaluate Qantas's prospects for profitability and growth in the next five years. To support your analysis, use past and current annual reports and relevant news or company disclosures. $2.$ Discuss Qantas' competitive strategy since $2000$ based on Case $1$ Part A; discuss whether there have been significant changes in its competitive strategy in $2022,$ especially facing the current$/$post$-$Covid$-19$ circumstances. $3.$ What is Qantas' competitive advantage, if any and can it still be sustained in the current$/$post$-$Covid$-19$ situation? The following questions are associated with the steps in the accounting analysis of Qantas $2022$ annual report. Using the annual report and with referral to the strategy analysis you have done and the accounting analysis in Case $1$ Part B$,$ respond to the following questions: $4.$ As an outsider, an analyst can only rely on publicly available information, such as the annual report to assess the accounting quality. Discuss which sections of the annual report particularly interest you as an accounting analyst. What sensitive issues have been the auditor's focus in the $2022$ annual report? $($refer to closely watched accounting policies in the airline industry discussed in Case$1$ Part B$).5.$ A nonrecurring item refers to an infrequent or unusual entry that appears on a company's financial statements. What is the importance of identifying nonrecurring items? What are your findings about the nonrecurring items in the $2022$ Qantas annual report? $6.$ In the $2022$ annual report, several judgements made by management in the application of AASBs have a significant effect on the Consolidated Statements. What items in the financial statements are affected and what are the auditor's findings on this issue? $7.$ Does the standard $($IFRS$)$ regulate segment reporting? What is the segment reporting in Qantas based on$?$ What information would you look for in this segment reporting section as an analyst? Refer to at least one major airline company $($such as Singapore Airlines, etc.$)$ to compare regarding segment reporting. $8.$ Accrual quality assessment deals with how a firm times its transactions to affect income. Discuss how you would assess the accrual quality $($your approach$)$ based on the $2022$ report and what your findings are. $9.$ Provide your comment on the changes in revenue and expense items for Qantas between $2021$ and $2022$; link your answer to Case Part B$.10.$ Continue the operating profit and cash flow graph from operation presented in Case Part B to cover the figures in $2020,2021$ and $2022.$ Discuss what the purpose of analysing these figures for you is$.11.$ Much of the financial analysis that analysts do$,$ rely on good disclosures provided in the annual report; where in the $2022$ annual report would you find disclosures to analyse Qantas' business? What disclosures you found in the $2022$ annual report are significant for you for accounting analysis? $12.$ Evaluate and conclude your analysis with your comment on risks facing Qantas in the current and future; provide your discussion with a referral to the source you used.