Certified Operational Business Accounting & Finance–Procurement (COBAF‑P)

The COBAF-P equips procurement professionals with essential financial knowledge for smarter business decisions and strategic leadership.

Overview of the CObaf-p Programme

Introduction to Certified Operational Business Accounting & Finance-Procurement

(COBAF‑P)

The Certified Operational Business Accounting & Finance – Procurement (COBAF-P) is a specialized certification within the IPSCMI professional certification series, focused on finance and accounting for procurement professionals.

COBAF-P is designed specifically for supply chain and procurement professionals who want to gain insights into the accounting and financial aspects of running a business in order to make better decisions, add to career prospects and move from the backroom to the boardroom. This program offers the designation of Certified Operational Business Accounting & Finance–Procurement (COBAF‑P) to candidates who demonstrate their understanding of the fundamentals of the profession through the successful completion of rigorous professional certification examinations based upon the

INTERNATIONAL SUPPLY CHAIN MANAGEMENT BODY OF KNOWLEDGE (ISCMBOK).

Course Objectives

Course Objectives for COBAF-P Certification

To develop practical financial and accounting literacy that enables procurement and supply chain professionals to understand and interpret core financial statements and executive-level KPIs.
To strengthen commercial decision-making through a clear understanding of cost analysis, profit versus cash flow, depreciation, mark-up, margin, and cost–volume–profit relationships.
To link financial insights directly to procurement and sourcing decisions, including make-or-buy analysis, total landed cost evaluation, and global sourcing cost drivers.
To improve working-capital management, cash-flow analysis, and forecasting in support of organizational performance and executive decision-making.
To build the capability to assess supplier financial health, risk, and long-term viability using financial data.
To enhance professional confidence and influence by enabling clear, credible communication with senior executives, including CFOs, CEOs, and boards, and supporting career progression into senior leadership roles.

Forthcoming Courses:

April 18, 19, 25, 26 & May 2, 3, 9 & 10

Course Inclusions

What’s Included??

17 Expertly designed lessons
Experienced business facilitator led course
24 hours of live virtual classes (8 x 3hrs) or 4 days classroom
Prework reading, copies of presentation slides.
Virtual courses on weekends to avoid work conflict.
Virtual recordings available within 48 hours
Mentor-supported assignments
Final 3-hour certification exam
Digital certificate upon successful completion of examination

About the Examination

"Benefits of CISCM Certification"

Global Mastery

Manage end-to-end international supply chains effectively.

Strategic Planning

Make data-driven supply chain decisions at scale.

Trade & Logistics

Handle global logistics and transportation with confidence.

CONTENT

Course Structure–MODULES Covered

Module 1. Introduction & Financial Foundations
Introduction to business purpose, ROI and DuPont model
Accounting and finance terminology (accrual vs cash, depreciation, mark‑up, margin)
Module 2. Financial Reports & Ledgers
Understanding costs, expenses, assets and financial statements
Income statement, balance sheet and cash‑flow basics
Dual‑entry accounting and posting to ledgers
Module 3. Cash Flow & Working Capital
Purpose and structure of cash‑flow statements
Impact of procurement decisions on cash flow
Working‑capital measurement and forecasting
Module 4. Measuring Supplier Financials
Techniques for assessing supplier financials: ratios, common‑size, inflation adjustment
Interpreting profitability, liquidity, solvency and performance indicators
Module 5. Balanced Scorecard & Capital Budgeting
Using balanced scorecards for strategic alignment
Capital budgeting concepts: NPV, IRR, payback, time value of money
Module 6. Cost Estimating & Cost Reduction
Cost estimating factors, cost‑estimating relationship (CER) formulas and variables
Identifying hidden costs, cost reduction strategies, cost‑volume‑profit analysis
Module 7. Price & Cost Analysis, Make/Buy & Total Landed Cost
Price and cost analysis for contracts, pricing strategies and risk in estimates Make‑or‑buy decision models and outsourcing considerations
Total landed cost: Incoterms, CIF charges, hedging, tariffs