Quick Wins Accounting 101

By EduLight Team Categories: Quick Wins
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About Course

Quick Wins — a growing library of short, focused accounting lessons designed to fit into your busy schedule. Each lesson takes between 5 and 12 minutes and tackles one topic you need to understand clearly — no fluff, just practical explanations, worked examples, and the exam traps to watch out for.

Work through the lessons at your own pace. Each one includes a slide PDF, a short student instruction file, and a quick 2-question quiz to confirm you’ve understood the key point.

Lessons in this course:

  • Reading a Trial Balance Fast — 12 min — scan any trial balance in seconds, spot red flags, and read the business story without reading every line.
  • VAT Basics Recap — 7 min — refresh VAT input, VAT output, and the VAT control account, plus the correct journal entries and exam traps.
  • FIFO vs Weighted Average — 11 min — understand the difference between the two inventory cost methods and how each one affects profit and closing inventory.
  • Depreciation, Explained Simply — 9 min — what depreciation actually is, the three IFRS methods, correct journal entries, and common exam traps.

New quick wins are added regularly, so check back often.

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What Will You Learn?

  • Check that debits equal credits in under 2 minutes
  • Scan the biggest numbers and confirm they sit on the correct side
  • Spot red flags like negative assets and wrong-side balances
  • Read the business story from revenue, expenses, and inventory
  • Write a one-sentence takeaway and recommended action

Course Content

Depreciation, Explained Simply (9 min)

  • Depreciation, Explained Simply

Reading a Trial Balance Fast (12 min)

VAT Basics Recap (7 min)

FIFO vs Weighted Average (11 min)

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