Materials Accounting Course
Gain mastery in materials accounting through practical exercises in weighted average costing, stock cards, variance analysis, scrap handling, and month-end entries. Develop precise inventory valuation and enhanced cost control skills for manufacturing and accounting positions.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
This Materials Accounting Course equips you with essential skills for managing inventory in perpetual systems, covering raw materials through to finished products. You will master stock cards, weighted average costing methods, material usage tracking, scrap management, and end-of-month accounting entries. Gain the ability to handle variances, perform reconciliations, and produce clear inventory reports that ensure reliable financial data and aid superior business decisions.
Elevify advantages
Develop skills
- Apply weighted average costing to price material issues quickly and precisely.
- Build and reconcile stock cards to monitor receipts, issues, returns, and scrap.
- Post inventory journals for purchases, consumption, variances, and month-end adjustments.
- Analyze stock variances by comparing theoretical and physical counts to identify discrepancies.
- Account for scrap and offcuts by recording sales, gains, and reductions in material costs.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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