Materials Accounting Course
Master materials accounting through hands-on practice in weighted average costing, stock cards, variances, scrap treatment, and month-end journal entries. Gain skills for accurate inventory valuation and improved cost control in manufacturing and accounting roles. This course equips you with essential techniques for reliable financial reporting and operational efficiency.

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.What our students say
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