The study material editor can be found in the personal folder, or the folder tool in scenes. 

In the menu on the left side, click on 'study material' below New... .

Here a field appears, where the new study material has to be given a title.

After giving a title to the study material you get on the editor, where you must add the first chapter.
SCORM contains chapters, which can help to divide the material in different topics. Chapters can contain texts, pictures, questions, links, files and pop-up windows. 

The materials have to be finalized so that users can access it. This can be done after entering the material, and clicking Finalize in the menu on the left side. This can be later undone in Settings.