Q1. Based on the ‘Real life’ titled ‘The accountant in themodern business environment’ in the section ‘Management accountingprocesses and techniques’, describe some of the qualities that asuccessful chief financial officer (CFO) should possess.
Q2.The ‘Real life’ scenario titled ‘Increasing competitivepressures faced by Asian airlines’ in the section ‘Australianorganisations in the twenty-first century’ highlights the turbulentcompetitive environment faced by many airlines. Explain how suchevents might impact the type of information provided by managementaccountants in those organisations.
