| Course Code |
MFA-B |
| Description: |
This one day workshop builds on the knowledge
introduced in Materiel & Financial Accounting On-line Training (MFAOLT).
Completion of this training is mandatory for all Band D & E Supply Chain
Management staff and will be required to attain or retain both the Inventory
Management Licence and similarly the Inventory Management Certificate of
Competence. Band C grade and above may also attend this workshop so that they
are fully aware of the requirements placed upon their staff, but should attend
Materiel & Financial Accounting Advanced Practitioner (MFA-A) workshop to meet
mandatory requirements. |
| Aim: |
To ensure that all Supply Chain Managers achieve the
appropriate level of functional competence required for Materiel Accounting of
the Defence Inventory by Supply Chain Management practitioners. Completion of
this training is mandatory for all Supply Chain Management staff at Band D & E
and will be required to attain or retain both the Inventory Management Licence
and similarly the Inventory Management Certificate of Competence. |
| Duration: |
1 day non-residential. |
| Pre-Requisites: |
Materiel & Financial Accounting On-Line Training (MFAOLT),
including successful completion of the post test. |
| Designed For: |
Mandatory for all Band D & E grades within a Supply Chain Management function.
Band C grade and above should attend Materiel & Financial Accounting Advanced
Practitioner course, but may also attend this workshop so that they are fully
aware of the requirements placed upon their staff.
Finance Staff are required to undertake internal inventory accounting/systems
training plus some elements (still to be agreed) of the MFA training to ensure
coherence and shared understanding.
|
| Cost for Non MoD Applicants: |
The cost of this course is £310.00 excluding
VAT. Details of payment options will be sent in a confirmation e-mail
when you apply for the course. |
| Objectives: |
By the end of the course students will be able to:
• Recall the key issues behind the current MOD Materiel and Financial Accounting
(MFA) training requirement and their understanding of the MOD’s MFA improvement
plan;
• Demonstrate how they can access and participate in the MFA improvement plan
from the workplace;
• Recall and demonstrate their understanding of the definitions of Materiel
Accounting (MA) and Financial Accounting for the Inventory (FAI), the
differences in scope between MA and FAI and the dependencies between the two
activities;
• Identify the key stakeholders, their roles and responsibilities;
• Demonstrate the benefits of applying MA policy, process and procedures (the 3
Ps), in an accurate and timely manner;
• Demonstrate the benefits of applying the new MA Performance (Compliance and
Assurance) procedures;
• Demonstrate a sound knowledge of the range of JSC Log IS used in the E2E SC,
including the requirements for reconciliation;
• Recall the key knowledge requirements in the FAI section and demonstrate how
their application will improve FAI, Inventory Planning and related business and
financial management processes. |
