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Materials Accounting Course

Materials Accounting Course
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.
Workload: between 4 and 360 hours

What our students say

I was just promoted to Intelligence Advisor for 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 I work for.
SilviaNurse
Really great course. Lots of valuable information.
WiltonCivil Firefighter

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