Department of Accountancy lecturer JoAnn Wood completed and published an OER textbook titled “Accounting, The Language of Business” that she has begun to incorporate into her MBA classes. Her book combines openly licensed and copyrighted materials from various sources, along with original content. Each chapter includes specific licensing and attribution details.
“Accounting MBA textbooks are so heavy on content that I was using one learning objective from multiple chapters,” Wood explained. “Writing this book allowed the students to worry less about the page they should be on and just concentrate on the material. MBA students need to be able to understand and read financial statements, not how to use accounting software. This textbook teaches the horizontal method instead of debits and credits. Teaching the horizontal method using Excel allows students to instantly understand ending balances of accounts to understand what goes into each number on a financial statement.”