On completion of the six weekly sessions participants should be able to:
- understand the basic nature of accounting, the underlying concepts (assets, liabilities, shareholders’ funds, revenues and expenses, cash inflows and cash outflows) and the key accounting principles and rules
- understand the differences between cash and accrual accounting
- construct straightforward profit and loss statements and balance sheets
- analyse and interpret accounting reports to assess performance and financial strength
- read and better understand financial news articles about companies in the media
- understand the cash flow cycle and ways to manage and improve cash flows
- appreciate the principles of constructing cash budgets
- appreciate the nature of different types of costs incurred in running a business and understand how to manage those costs and how to set prices to achieve targeted outcomes (such as breakeven points).
About Emeritus Professor Robert John Coombes
Professor Coombes has been an academic working in Australian and US universities from 1971 to 2019. He has taught subjects in financial accounting, management accounting and corporate finance at several Australian universities, including Macquarie University, University of Technology, Sydney, the University of Southern Queensland and in the United States at Rice University (Texas) and the University of California (Berkeley).
Professor Coombes has published many articles and co-authored books.
He has presented well-received short training courses on accounting fundamentals to numerous companies.
In February 2007, the Council of the University of Western Sydney conferred the title of Emeritus Professor for distinguished service to the University in academic leadership and to the discipline area of accounting.
Course Code: 21PEX320
Venue: U3A Lecture Room. Building B University of USC, Sippy Downs
Day and Time: Monday,12:30-3:00pm