Certified Operational Business Accounting & Finance - Procurement  (COBAF-P) certification program offers you a competitive edge, comprehensive knowledge that sets you apart, global recognition for your certification, practical insights from industry experts, and cross-functional skills that prepare you for higher-level positions. Seize this opportunity to advance your procurement career!
 
 
Program Objectives
 
As the economy rebounds, the demand for experienced procurement leaders with professional certifications is equally growing dramatically.

COBAF-P certification course is designed for current and future purchasing management professionals & and others looking to advance in supply chain management, reflecting levels of understanding and of competence needed to assume responsibility for managing purchasing operations at the international level.
 

Modules


Module 1

Lesson 1: Introduction and Overview
•         Why are businesses in business?
•         What are we employed to do?
•         DuPont model
•         Measuring ROI.
 
Lesson 2: Terms& Concepts
•         12 essential terms explained (Glossary extract)
•         Accrual system and timing of profits
•         Profit vs Cash
•         Depreciation: the truth
•         Mark-up and margin
 

Module 2

Lesson 3: Financial Reports
•         Costs and expenses
•         Assets and expenses
•         Absorption costing and direct costing.
•         Income statement & Balance sheet
•         Efficiency from profits
•         Liquidity from cash cycle
 
Lesson 4: Posting to ledgers
•         The flow from decisions to reports.
•         The general ledger: data warehouse of decisions
•         Dual entry accounting: Debits & credits made easy.
•         Transferring from ledgers to reports.
 

Module 3
 
Lesson 5: Cash Flow
•         Purpose of the cash flow statement
•         How to construct the statement
•         Decisions impacting cash movement.
 
Lesson 6: Working Capital
•         How we measure working capital.
•        How we monitor working capital.
•        Forecasting cash flow from improvements.
 

Module 4
 
Lesson 7: Measuring Supplier Financials – T&T
•         Common size percentages.
•         Index numbers
•         Financial Ratios
•         Adjusting for inflation
 
Lesson 8: Measuring Supplier Financials - Outcomes
•         Profitability or efficiency.
•         Financial health: liquidity & solvency
•         Market performance.
 

Module 5
 
Lesson 9: Balanced Scorecard
•         How to use a balanced scorecard in managing for-results environment.
•         How a scorecard system can help align organization effort with strategy
•         How to overcome obstacles and challenges.
 
Lesson 10: Capital Budgeting
•         Inputs to capital budgeting
•         Time value of money
•         NPV, IRR and Payback
 

Module 6
 
Lesson 11: Cost Estimating
•         Determining estimating factors
•         Relationship between dependent and independent variables
•        Preparing the CER equation
 
Lesson 12: Cost Reduction.
•         Bottom-up accounting.
•         Identify Hidden costs.
•         Managing Cost increases and unexpected costs
 
Lesson 13: Cost Volume Profit Analysis.
•         Types of cost
•         Algebraic analysis of costs
•         Graphic analysis of cost
•         Calculating fixed cost element
•         Developing an estimating equation
 

Module 7
 
Lesson 14: Price and Cost Analysis
•         Describe the primary cost estimating methods.
•         Know the 12 steps of GAO’s High-Quality Cost Estimating Process.
•         Identify sources of major risk in developing cost estimates
•         Contract pricing strategies
•         Fixed-Price, Cost Reimbursement, and “Hybrid” Pricing Arrangements
•         Cost Analysis Tools and Techniques
•         Profit Analysis Tools and Techniques


Module 8
 
Lesson 15: Make or Buy
•         Describe the in sourcing / outsourcing decision.
•         Provide a process for making these decisions.
•         Triggers prompting decision process.
•         Pros and cons of In sourcing and outsourcing
•         Transformational outsourcing
 
Lesson 16: Price Index Analysis.
•         Calculate indexes for the periods relative to the base year.
•         Determine inflation between two periods.
•         Calculate ratios.
•         Calculating price adjustments.
•         How to use indexes in price negotiations.
 
Lesson 17: Total landed cost.
•         Various charges to be considered.
•         Unpacking Incoterms.
•         Calculating CIF charges.
•         Hedging strategies
•         Types of tariffs.

Examination
To get certified, students will need to pass a 3-hour examination after training.
 
Admission Eligibility
•         Minimum of 3 years work experience in procurement/ supply chain.
•         Associate Level Degree or above.
 
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