Working Papers for Fundamental Accounting Principles, Volume 1

About the Author\nTilly Jensen, Athabasca University. Tilly Jensen graduated from the University of Alberta with a Bachelor of Commerce and later attained the designation of Certified Management Accountant. She worked in private industry for a number of years before making teaching her fulltime career. Tilly is an academic coordinator with Athabasca University, Canada's open, online university. She obtained her M.Ed. at the University of Sheffield in Britain while travelling abroad and is currently engaged in doctoral studies at the University of Calgary (via distance) focusing on how educational technologies can be used to enhance critical thinking. Tilly spent four years in the Middle East teaching at Dubai Men's College of the Higher Colleges of Technology in the United Arab Emirates. While overseas, she also taught financial accounting to students enrolled in the Chartered Institute of Management Accountants (CIMA) program, a British professional accounting designation. During her recent sabbatical, Tilly taught accounting in China to ESL students at Shenyang Ligong University. She authored LIFA―Lyryx Interactive Financial Accounting―a dynamic, leading-edge, Web-based teaching and learning tool produced by Lyryx. Tilly has also authored material for CGA-Canada. In addition to her professional interests, Tilly places a priority on time spent with her family and friends.\nKermit D. Larson is the Arthur Andersen & Co. Alumni Professor of Accounting Emeritus at the University of Texas at Austin.