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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

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
Great course. Lots of valuable information.
WiltonCivil Firefighter

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