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Materials Accounting Course

Materials Accounting Course
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.
Workload: between 4 and 360 hours

What our students say

I was just promoted to Intelligence Advisor of the Prison System, and the course from Elevify was crucial for me to be the chosen one.
EmersonPolice Investigator
The course was essential to meet the expectations of my boss and the company where I work.
SilviaNurse
Very great course. Lots of rich information.
WiltonCivil Firefighter

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