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Materials Accounting Course

Materials Accounting Course
4 to 360 hours of flexible workload
certificate valid in your country

What Will I Learn?

This Materials Accounting Course equips you with essential skills to manage inventory in perpetual systems, covering raw materials to finished goods. Master stock cards, weighted average costing, material usage, scrap accounting, and end-of-month adjustments. Gain proficiency in handling variances, reconciliations, and producing clear inventory reports to ensure reliable financial data and informed business decisions.

Elevify Advantages

Develop Skills

  • Apply weighted average costing to price material issues quickly 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 identify discrepancies.
  • Account for scrap and offcuts by recording sales, gains, and reductions in material costs.

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

Your classes are perfect. I got the one-year package and finally have the chance to follow several topics I'm interested in without having to switch platforms... thank you for everything you do, I've already recommended you to others...
Giulio Carlo
Giulio CarloDigital Marketing Student
I like how the lessons get straight to the point and how I can switch chapters and skip content I don't need.
Mariana Ferres
Mariana FerresPhotography Student
I like the content and the way the videos are presented and transcribed, which speeds up the process!
Luciana Alvarenga
Luciana AlvarengaNail Design Student
The platform is fast and easy to use. The variety of content and the supplementary videos really help with learning.
Giulio Carlo
Giulio CarloPrompt Engineering Student

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