Materials Accounting Course
Master materials accounting through practical exercises in weighted average costing, stock cards, variance analysis, scrap handling, and month-end entries. Gain skills for precise inventory valuation and effective cost control in 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 hands-on skills for managing inventory in perpetual systems, covering raw materials through to finished goods. Master stock cards, weighted average costing, material usage, scrap accounting, and end-of-month adjustments. Develop expertise in handling variances, reconciliations, and producing clear inventory reports to ensure reliable financial data and informed business choices.
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.
- Analyse stock variances by comparing theoretical versus 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 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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