Development of an Introductory Financial Accounting OER at Athabasca University

David Annand Professor, Faculty of Business Athabasca University davida@athabascau.ca

History ACCT 253: 1,700 students per year 1996 text out of print Scanned, converted to .rtf, proofed Revised, used 2000 – 2003

History (continued) Print and .pdf versions Enhanced with multimedia, computer based tutorials,

pop-ups, online assignment submission No significant difference: Annand (2008) About $90,000 in savings, less development costs

Current Process 2012 Research and Study Leave IFRS adoption; complete overall of text 13 chapters; 1,000 pages text and solutions manual Available as OER: Creative Commons 3.0◦ Attribution; Non-commercial; Share-alike

BC Campus.ca – v. 1.0◦ Reviewers requested

v. 2.0 in January 2014◦ Latest version available at

http://business.athabascau.ca/titanweb/fob/webcms.nsf/AllDoc/F45876A9B2E81891872576A800713AF6?OpenDocument

Future Plans Lyryx Learning◦Online review and feedback enhancements using OER text◦ Business model: online enhancements are value adds; cost

of instructional material approaches zero◦ $60 – 80 per student◦Optional printing available for extra cost (app. $20)

International adoption and adaptation ◦ IFRS used in over 80 countries

Economics All instructional material included in tuition Savings from OER adoption accrue to institution◦ Current $160◦OER enhanced 60◦Net $100 x 1,700 = $170,000 per year

Can fund additional MM, online enhancements