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Materials Accounting Course

Materials Accounting Course
from 4 to 360h flexible workload
valid certificate in your country

What will I learn?

This course teaches practical skills for managing inventory in perpetual systems, covering raw materials to finished goods. You will learn to use stock cards, apply weighted average costing, handle material consumption, treat scrap, and make month-end entries. Gain confidence in managing variances, reconciliations, and producing clear inventory reports for accurate financial data and better decisions.

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.
  • Analyze stock variances by comparing theoretical vs 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 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 of 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 where I work.
SilviaNurse
Very great course. Lots of rich information.
WiltonCivil Firefighter

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