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

4 to 360 hours flexible workload
valid certificate in your country
What will I learn?
This Materials Accounting Course equips you with practical expertise to manage inventory in perpetual systems, covering raw materials through to finished goods. You will master stock cards, weighted average costing, material usage, scrap handling, and end-of-month postings. Gain assurance in managing variances, performing reconciliations, and producing transparent inventory reports that underpin precise financial data and informed operational choices.
Elevify advantages
Develop skills
- Apply weighted average costing to price material issues swiftly 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.
- Analyse stock variances by comparing theoretical and physical counts to explain discrepancies.
- Account for scrap and offcuts by recording sales, gains, and material cost reductions.
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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