Materials Accounting Course
Gain mastery in materials accounting through practical exercises in weighted average costing, stock cards, variances, scrap handling, and month-end journal entries. Develop skills for precise inventory valuation and enhanced cost control in 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 hands-on skills to manage inventory in perpetual systems, covering raw materials through to finished products. Master stock cards, weighted average costing, material usage, scrap accounting, and end-of-month adjustments. Gain assurance in managing variances, reconciliations, and producing clear inventory reports that ensure reliable financial data and informed business choices.
Elevify advantages
Develop skills
- Apply weighted average costing to price material issues quickly and precisely.
- 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 versus physical counts and explain 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
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