Materials Accounting Course
Master materials accounting through practical exercises in weighted average costing, stock cards, variances, scrap handling, and month-end journal entries. Develop precise inventory valuation and enhanced cost control skills for manufacturing and accounting positions.

from 4 to 360h flexible workload
certificate valid in your country
What will I learn?
This Materials Accounting Course equips you with hands-on skills to manage inventory in a perpetual system, covering raw materials to finished goods. Master stock cards, weighted average costing, material usage, scrap accounting, and end-of-month adjustments. Gain confidence in managing variances, reconciliations, and producing clear inventory reports to ensure reliable financial data and informed operational 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.What our students say
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Course in PDF