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

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
This Materials Accounting Course equips you with hands-on skills to manage inventory in perpetual systems, covering raw materials through to finished products. Master stock cards, weighted average costing, material usage, scrap accounting, and month-end postings. Gain expertise in handling variances, reconciliations, and producing clear inventory reports to ensure reliable financial data and informed business choices.
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.What our students say
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