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  • By Oxford Certificate
  • October 31, 2021
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Accounting Of The Materials Production Factories E-Learning

Virtual training of material production factories is made to get acquainted with the accounting tasks of material production factories.

Concrete material factories accounting is in the field of commercial finance – accounting and has tasks such as estimating the price and calculating the composition of beams and reports of freight and shipping and registration of the type of goods and safe goods, etc. This competency is associated with accountants working on construction projects.

Definition of industrial accounting:
There are many definitions for industrial accounting (cost accounting), including the following two:
Industrial accounting is part of the scientific accounting information system that collects, processes, and presents information on product manufacturing costs for use in management accounting and financial accounting.
Industrial accounting refers to a branch of accounting that collects information about cost factors, calculates the cost of products and services, as well as provides methods to reduce the cost of production by analyzing reports and reviewing production methods. Be.

In summary, the duties of an industrial accountant are:

  1. Establish methods and methods of exercising control to reasonably reduce costs.
  2. Assisting managers in implementing accounting programs.
  3. Evaluation of sexual inventories, material inventories, inventories of goods under construction, and inventories of manufactured goods (to cost and price them and also provide methods to control the quantities of inventories.
  4. Guide the management towards the final decisions to choose the best solution from the available solutions.
  5. Forecasting and estimating production costs for a certain period (through budgeting)
  6. Collection, segregation, recording, and sharing of costs.

List of topics of a virtual accounting training course for material factories:

  • Familiarity with industrial accounting
  • Industrial accounting
  • Industrial accounting 1
  • Industrial accounting 2
  • Industrial accounting 3

The accounting course of material factories is useful for the following fields:

  • Commercial and financial
  • Accounting
  • Financial management

Prerequisites for accounting course for material factories:
This course does not require any special prerequisites and is taught from the ground up.

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