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AN EXERCISE ON THE ROADMAP TO PUBLISHING 
TSM 341: FINANCIAL ACCOUNTING AND 
MANAGEMENT FOR HOSPITALITY AND TOURISM 
ON THE OPEN EDUCATIONAL RESOURCES (OER) 
PLATFORM 
BY 
INUA, OFE (PH.D) 
AWOLALU, TOSIN (PH.D) 
DURU, LILLIAN
• STEP 1: Determine which learning materials 
are to be published open. 
• TSM 341 was chosen as a first experiment to 
gain experience with publishing open learning 
material because: 
The author is an expert in accounting; 
The editor is a senior expert. 
• These meet the minimum quality a learning 
material should adhere to.
• STEP 2: Determine which open license will be 
used. 
We chose the Attribution – Noncommercial – 
NoDerivs (CC BY – NC – ND) creative commons 
because we would like the course material to 
be distributed and used in its original form as 
long as permission is granted from the author 
and the course material is not used for money 
making in any form.
• STEP 3: Rework the learning material 
• We have adapted (collapsed) the 15 units course material 
into 5 self-contained (mutually exclusive)units 
• Unit 1: Introduction to financial accounting for hospitality 
and tourism 
• Unit 2: Basic accounting concepts for hospitality and 
tourism 
• Unit 3: Accounting cycle for hospitality and tourism (units 
3-8) 
• Unit 4: Accounts of partnerships and companies for 
hospitality and tourism (units 9-11) 
• Unit 5: Introduction to cost and management accounting 
for hospitality and tourism (units 12-15)
• The material could also be used wholly. 
• The website references will be hyperlinked so 
that students will have direct access to read 
more from the source.
• The instructions for the learner (teacher) include: 
• When: the course code 341 implies that it is an undergraduate 
course and at 300L 
• Who: material has been developed for undergraduate students of 
Tourism and hospitality management 
• Vision: the course aims to give an understanding of techniques of 
managing financial resources in Tourism and other forms of 
hospitality business 
• Topics: we will ensure that the topics are well defined and 
explained with the use of relevant terminologies. 
• Learning activities: this course is expected to be on an individual 
learning basis. The section How to get the most from this course 
from the course guide of this present material teaches the student 
how to get acquainted with the course material and explains the 
various sections in each unit of the course material.
• Role of the teacher: for this course material, the 
teacher has no role to play because it is a self-directed 
learning system. 
• Time: it is a 2 unit course and is allocated 15 
weeks 
• Assessment: the Tutor Marked Assignment 
(TMA) will carry 30 marks while the final 
examination will carry 70 marks. The students 
would be given feedbacks on their TMAs so that 
they can identify their own areas of weakness.
• STEP 4: Clear copyrights 
• Two diagrams were identified within the course 
material from a specific source. We intend to clear 
copyright by 
Getting copyright permission to publish under an 
open license from the owner of the diagrams, or 
Replacing the diagram with an alternative that has 
been published under an open license, or 
Creating another diagram, or 
Omitting the diagram entirely.
• ‘License to use’ will be included in the 
diagram, if permitted, within the course 
material.
• STEP 5: Add Metadata to make course 
materials retrievable 
Title: TSM 341 
Financial accounting and management for 
hospitality and tourism 
Description: 167 pages; 2 diagrams; many tables 
Language: English 
Keywords: Financial accounting, Accounting concepts, 
Accounting cycle, Accounts adjustments, 
Partnership accounts, Companies account, Cost, 
Capital budgeting, National Open University of 
Nigeria, TSM 341.
• STEP 6: Publish the learning materials 
• The material will be published on the NOUN 
website and on the OERCommons platform
GAPS 
• No copyright imprint page 
• No hyperlink for further studies 
• No feedback on assessment 
• Where should the metadata be included in 
the material.
• In conclusion, we would need a step-by-step 
monitoring on the conversion exercise. 
• A lot of work has to be done on training 
because the exercise is quite technical

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TSM 341: Financial Accounting and Management For Hospitality and Tourism

  • 1. AN EXERCISE ON THE ROADMAP TO PUBLISHING TSM 341: FINANCIAL ACCOUNTING AND MANAGEMENT FOR HOSPITALITY AND TOURISM ON THE OPEN EDUCATIONAL RESOURCES (OER) PLATFORM BY INUA, OFE (PH.D) AWOLALU, TOSIN (PH.D) DURU, LILLIAN
  • 2. • STEP 1: Determine which learning materials are to be published open. • TSM 341 was chosen as a first experiment to gain experience with publishing open learning material because: The author is an expert in accounting; The editor is a senior expert. • These meet the minimum quality a learning material should adhere to.
  • 3. • STEP 2: Determine which open license will be used. We chose the Attribution – Noncommercial – NoDerivs (CC BY – NC – ND) creative commons because we would like the course material to be distributed and used in its original form as long as permission is granted from the author and the course material is not used for money making in any form.
  • 4. • STEP 3: Rework the learning material • We have adapted (collapsed) the 15 units course material into 5 self-contained (mutually exclusive)units • Unit 1: Introduction to financial accounting for hospitality and tourism • Unit 2: Basic accounting concepts for hospitality and tourism • Unit 3: Accounting cycle for hospitality and tourism (units 3-8) • Unit 4: Accounts of partnerships and companies for hospitality and tourism (units 9-11) • Unit 5: Introduction to cost and management accounting for hospitality and tourism (units 12-15)
  • 5. • The material could also be used wholly. • The website references will be hyperlinked so that students will have direct access to read more from the source.
  • 6. • The instructions for the learner (teacher) include: • When: the course code 341 implies that it is an undergraduate course and at 300L • Who: material has been developed for undergraduate students of Tourism and hospitality management • Vision: the course aims to give an understanding of techniques of managing financial resources in Tourism and other forms of hospitality business • Topics: we will ensure that the topics are well defined and explained with the use of relevant terminologies. • Learning activities: this course is expected to be on an individual learning basis. The section How to get the most from this course from the course guide of this present material teaches the student how to get acquainted with the course material and explains the various sections in each unit of the course material.
  • 7. • Role of the teacher: for this course material, the teacher has no role to play because it is a self-directed learning system. • Time: it is a 2 unit course and is allocated 15 weeks • Assessment: the Tutor Marked Assignment (TMA) will carry 30 marks while the final examination will carry 70 marks. The students would be given feedbacks on their TMAs so that they can identify their own areas of weakness.
  • 8. • STEP 4: Clear copyrights • Two diagrams were identified within the course material from a specific source. We intend to clear copyright by Getting copyright permission to publish under an open license from the owner of the diagrams, or Replacing the diagram with an alternative that has been published under an open license, or Creating another diagram, or Omitting the diagram entirely.
  • 9. • ‘License to use’ will be included in the diagram, if permitted, within the course material.
  • 10. • STEP 5: Add Metadata to make course materials retrievable Title: TSM 341 Financial accounting and management for hospitality and tourism Description: 167 pages; 2 diagrams; many tables Language: English Keywords: Financial accounting, Accounting concepts, Accounting cycle, Accounts adjustments, Partnership accounts, Companies account, Cost, Capital budgeting, National Open University of Nigeria, TSM 341.
  • 11. • STEP 6: Publish the learning materials • The material will be published on the NOUN website and on the OERCommons platform
  • 12. GAPS • No copyright imprint page • No hyperlink for further studies • No feedback on assessment • Where should the metadata be included in the material.
  • 13. • In conclusion, we would need a step-by-step monitoring on the conversion exercise. • A lot of work has to be done on training because the exercise is quite technical