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

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain hands-on skills in managing inventory under a perpetual system, covering raw materials to finished goods. Master stock cards, weighted average costing, material usage, scrap accounting, and end-of-month adjustments. Learn to handle variances, perform reconciliations, and produce clear inventory reports for reliable financial data and improved business decisions.
Elevify advantages
Develop skills
- Apply weighted average costing to price material issues quickly and accurately.
- Build and reconcile stock cards to track receipts, issues, returns, and scrap.
- Post inventory journals for purchases, consumption, variances, and month-end close.
- Analyze stock variances by comparing theoretical vs physical counts and explaining differences.
- Account for scrap and offcuts by recording sales, gains, and material cost reductions.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
FAQs
Who is Elevify? How does it work?
Do the courses have certificates?
Are the courses free?
What is the course workload?
What are the courses like?
How do the courses work?
What is the duration of the courses?
What is the cost or price of the courses?
What is an EAD or online course and how does it work?
PDF Course