CBM Part 2 Syllabus

CBM

Certified Business Manager (CBM) Part 2 Syllabus

CBM Module 600 – Accounting

600.1   Accounting Strategies
600.1.1   Understand the types and forms of business organizations
600.1.2   Explain the role of accounting and relate it to accountability
600.1.3   Understand the basic accounting concepts and principles
600.1.4   Learn how to measure business income using accounting principles

600.2   The Accounting Process
600.2.1   Understand the elements of the accounting equation
600.2.2   Understand the steps in the accounting cycle

600.3   Assets, Liabilities, and Equity
600.3.1   Understand the accounting process for handling business transactions
600.3.2   Understand the nature of financial statements and explain the relationship between them
600.3.3   Learn how current assets are listed on the balance sheet
600.3.4   Know how to report cash on the balance sheet
600.3.5   Know how to report marketable securities on the balance sheet
600.3.6   Know how to report inventory on the balance sheet
600.3.7   Understand the nature of long-term assets, including the cost of plant assets
600.3.8   Know how to report long-term assets on the balance sheet
600.3.9   Know how to report current liabilities on the balance sheet
600.3.10   Know how to report long-term liabilities on the balance sheet
600.3.11    Understand the nature of stockholders’ equity on the balance sheet
600.3.12   Know how to report stockholders’ equity on the balance sheet

600.4   Analysis of Financial Statements
600.4.1   Explain the purpose of financial statement analysis
600.4.2   Perform a horizontal analysis of comparative financial statements
600.4.3   Perform a vertical analysis of financial statements and prepare common-size financial statements
600.4.4   Compute commonly used financial ratios to make business decisions
600.4.5   Utilize nonfinancial data in analyzing financial statements
600.4.6   Explain the purposes of the statement of cash flows and describe its elements
600.4.7   Distinguish among operating, investing, and financing cash flow activities

600.5   Cost Behavior, Control, and Profit Planning
600.5.1   Understand cost behavior in terms of cost, volume, and profit (CVP)
600.5.2   Learn how to use CVP analysis to compute breakeven points and profits
600.5.3   Learn how to use CVP analysis to perform sensitivity analysis
600.5.4   Understand the effect of sales-mix on CVP analysis
600.5.5   Understand variable costing and absorption costing methods and know how to apply them

600.6   Product and Service Costs
600.6.1   Distinguish between job order costing and process costing approaches
600.6.2   Understand job order costing in a manufacturing company
600.6.3   Understand job order costing in a service company
600.6.4   Know how managers use a production cost report
600.6.5   Understand the flow of costs and the building blocks of a process costing system
600.6.6   Understand how an activity-based costing (ABC) system works
600.6.7   Understand how a just-in-time (JIT) costing method works

600.7   Operating Budgets
600.7.1   Learn how to use operating budgets, including their benefits
600.7.2   Learn how to prepare the master budget, including its components
600.7.3   Learn how to prepare the operating budget
600.7.4   Learn how to prepare the financial budget
600.7.5   Learn how to perform sensitivity analysis and roll up the unit budgets using IT
600.7.6   Understand the difference between a static budget and a flexible budget
600.7.7   Learn how to prepare an income statement performance report using the flexible budget
600.7.8   Identify the benefits of standard costs and learn how to set standards
600.7.9   Learn how to prepare a standard cost income statement

600.8   Financial Performance Measurement
600.8.1   Explain why and how companies decentralize their operations, including its advantages / disadvantages
600.8.2   Explain why companies use performance evaluation systems
600.8.3   Describe the balanced scorecard system and identify key performance indicators for each perspective
600.8.4   Learn how to measure the financial performance of cost, revenue, and profit centers
600.8.5   Learn how to measure the financial performance of investment centers
600.8.6   Understand the limitations of financial performance measures

600.9   Decision-Making and Accounting
600.9.1   Describe information relevant to business decisions
600.9.2   Describe how to handle special sales orders, including their pricing decisions
600.9.3   Learn when to drop a product, department, or territory
600.9.4   Understand how to make product-mix decisions
600.9.5   Understand how to reach make-or-buy (outsource) decisions
600.9.6   Understand how to handle “sell as is” or “process further” decisions
600.9.7   Learn how to use activity-based management (ABM) method for decision making

600.10   Accounting and Reporting
600.10.1   Understand the role of financial reporting, including its objectives
600.10.2   Preview a clean audit report
600.10.3   Understand the accounting shenanigans in the financial reporting process

600.11   Information Systems and Accounting
600.11.1   Understand the role of accounting information systems in business
600.11.2   Understand the data processing cycle and its use in business transaction processing
600.11.3   Understand the behavioral implications of managerial reports

600.12   Auditing and Accounting
600.12.1   Understand the work steps in the financial audit process
600.12.2   Understand the Code of Professional Conduct for accountants and auditors
600.12.3   Understand the current trends in auditing

600.13   Control and Accounting
600.13.1   Discuss internal control over cash
600.13.2   Discuss internal control over receivables
600.13.3   Discuss internal control over inventory
600.13.4   Discuss internal control over payroll
600.13.5   Understand the concept of responsibility accounting as a control mechanism

600.14   Ethics and Accounting
600.14.1   Understand the ethics in accounting and business
600.14.2   Understand the ethical philosophies and accounting issues
600.14.3   Understand the risk of manipulation of financial statements
600.14.4   Understand the potential conflict of interest taking place during the auditing process

600.15   Economics and Accounting
600.15.1   Differentiate between economic profit and accounting profit
600.15.2   Learn how to measure economic-value-added indicator

600.16   Law and Accounting
600.16.1   Understand the role of creative accounting
600.16.2   Understand the role of government regulation in accounting

600.17   International Issues
600.17.1   Discuss the various factors affecting the development of international accounting
600.17.2   Discuss the various approaches to classify international accounting
600.17.3   Understand the comparative accounting practices in the European Union countries with International Financial Reporting Standards (IFRS)
600.17.4   Understand the comparative accounting practices in the Americas and Asia
600.17.5   Discuss the variables and practices in international transfer pricing

 

CBM Module 700 – Finance

700.1   Finance Strategies
700.1.1   Relate finance strategy to business strategy
700.1.2   Define the finance function in a firm

700.2   Business Failures and Bankruptcies
700.2.1   Understand the types and causes of business failure
700.2.2   Understand the mechanisms of reorganization and liquidation in bankruptcy

700.3   Components of Short-Term Assets
700.3.1   Understand short-term financial management, net working capital, and the related tradeoff between profitability and risk
700.3.2   Describe the cash conversion cycle, its funding requirements, and key strategies for managing it
700.3.3   Discuss inventory management with differing views and common techniques
700.3.4   Explain the factors that go into average collection period of accounts receivable management
700.3.5   Explain the factors that go into average payment period of accounts receivable management

700.4   Components of Short-Term Financing
700.4.1   Understand how to manage spontaneous liabilities
700.4.2   Understand how to manage unsecured sources of short-term loans
700.4.3   Understand how to manage secured sources of short-term loans

700.5   Components of Long-Term Financing
700.5.1   Understand the key assumptions, the basic concept, and the specific sources of capital associated with the cost of capital
700.5.2   Determine the cost of long-term debt and the cost of preferred stock
700.5.3   Calculate the cost of common stock equity and convert it into the cost of retained earnings, and the cost of new issues of common stock
700.5.4   Calculate the weighted-average cost of capital (WACC) and discuss alternative weighting schemes
700.5.5   Describe the procedures used to determine break points and the weighted-marginal cost of capital (WMCC) and investment opportunities schedule (IOS)
700.5.6   Discuss leverage, capital structure, breakeven analysis, the operating breakeven point, and the effect of changing costs on it
700.5.7   Understand operating, financial, and total leverage. and the relationships among them
700.5.8   Describe the types of capital and external assessment of the capital structure
700.5.9   Explain the optimal capital structure using a graphical view of the firm’s cost-of-capital functions and a zero growth valuation model
700.5.10   Discuss the earnings before income taxes (EBIT) and earnings per share (EPS) approaches to capital structure
700.5.11   Review the return and risk of alternative capital structures, their linkage to market value, and other important considerations related to capital structure
700.5.12   Understand cash dividend payment procedures, the tax treatment of dividends, and the role of dividend reinvestment plans
700.5.13   Describe the residual theory of dividends and the key arguments with regard to dividend irrelevance and relevance
700.5.14   Discuss the key factors involved in establishing a dividend policy
700.5.15   Review and evaluate the basic types of dividend policies
700.5.16   Evaluate stock dividends, stock splits, and stock repurchases from accounting, shareholder, and company points of view

700.6   Financial Forecasting, Planning, and Control
700.6.1   Learn how to analyze a firm’s cash flow
700.6.2   Understand a firm’s financial planning process
700.6.3   Discuss the cash-planning process and the preparation, evaluation, and use of the cash budget
700.6.4   Learn how to prepare and evaluate pro forma income statement and balance sheet

700.7   Capital Valuation Techniques
700.7.1   Understand the fundamentals of interest rates
700.7.2   Understand the features, costs, and types of corporate bonds
700.7.3   Understand the fundamentals of valuation of an asset
700.7.4   Learn how to value bonds
700.7.5   Understand the difference between debt capital and equity capital
700.7.6   Understand common stock and preferred stock, including their rights and features
700.7.7   Understand the common stock valuation techniques

700.8   Capital Budgeting
700.8.1   Understand the key motives for capital expenditure and the steps in the capital budgeting process, including the basic terminology
700.8.2   Discuss relevant cash flows, expansion versus replacement decisions, sunk costs, and opportunity costs
700.8.3   Calculate the initial investment associated with a proposed capital expenditure
700.8.4   Find the relevant operating cash inflows associated with a proposed capital expenditure
700.8.5   Determine the terminal cash flow associated with a proposed capital expenditure
700.8.6   Understand the role of capital budgeting techniques in the capital budgeting process
700.8.7   Calculate, interpret, and evaluate payback period technique
700.8.8   Calculate, interpret, and evaluate the net present value (NPV) technique
700.8.9   Calculate, interpret, and evaluate internal rate of return (IRR) technique
700.8.10   Use net present value profiles and conflicting rankings to compare NPV and IRR techniques, including their strengths and weaknesses
700.8.11   Understand the importance of recognizing risk in the analysis of capital budgeting projects
700.8.12   Discuss risk and cash inflows, scenario analysis, and simulation as behavioral approaches for dealing with risk
700.8.13   Review the unique risks that multinational companies face in capital budgeting
700.8.14   Describe the determination and use of risk-adjusted discount rates (RADRs), portfolio effects, and the practical aspects of RADRs
700.8.15   Understand the capital budgeting refinement techniques, including capital rationing

700.9   Financial Institutions and Markets
700.9.1   Define financial institutions and financial markets
700.9.2   Discuss the relationship between financial institutions and financial markets

700.10   Financial Risk Management
700.10.1   Differentiate between hybrid securities and derivatives securities
700.10.2   Review the types of leases, leasing arrangements, the lease-versus-purchase decision, the effects of leasing on future financing, and the advantages and disadvantages of leasing
700.10.3   Describe the types of convertible securities, their general features, and financing with convertibles
700.10.4   Demonstrate the procedures for determining the straight bond value, the conversion (or stock) value, and the market value of a convertible bond
700.10.5   Explain the key characteristics of stock purchase warrants, the implied price of an attached warrant, and the values of warrants
700.10.6   Define options and discuss calls and puts, options markets, options trading, the role of call and put options in fund raising, and hedging foreign-currency exposures with options
700.10.7   Understand the concept of financial engineering to manage risks

700.11   Mergers, Leveraged Buyouts, and Divestitures
700.11.1   Understand the fundamentals of merger, including its types
700.11.2   Understand leveraged buyouts (LBOs) and divestitures
700.11.3   Learn how to analyze and negotiate mergers
700.11.4   Define holding companies, including their advantages and disadvantages

700.12   Operations, Marketing, and Finance
700.12.1   Understand the importance of finance to operations and marketing
700.12.2   Discuss the interplay among operations, marketing, and finance

700.13   Quantitative Techniques and Finance
700.13.1   Understand the time value of money and its use in finance
700.13.2   Understand the relationship between risk and return as it applies to finance
700.13.3   Understand the application of cash management model

700.14   Economics and Finance
700.14.1   Relate economics to finance
700.14.2   Relate investors to finance

700.15   Accounting and Finance
700.15.1   Relate accounting to finance
700.15.2   Understand the effect of the U.S Sarbanes-Oxley Act of 2002 on accounting and finance

700.16   Quality and Finance
700.16.1   Discuss quality issues in finance and accounting
700.16.2   Discuss the impact of internal politics on an organization’s quality

700.17   Law and Finance
700.17.1   Discuss various U.S. antitrust laws
700.17.2   Discuss various U.S. investor protection and securities laws
700.17.3   Discuss various U.S. bankruptcy laws

700.18   Ethics and Finance
700.18.1   Understand the role of business ethics in finance
700.18.2   Relate stretching accounts payable to ethics
700.18.3   Relate loan fraud to ethics
700.18.4   Discuss ethical issues in options backdating

700.19   International Issues
700.19.1   Understand the major factors that influence the financial operations of multinational companies (MNCs)
700.19.2   Describe the key differences between purely domestic (U.S) and international financial statements in terms of consolidation, translations, and profits
700.19.3   Discuss exchange rate risk and political risk, and explain how MNCs manage them
700.19.4   Learn how to manage long-term investment and financing decisions
700.19.5   Learn how to manage short-term financial decisions
700.19.6   Understand the motives for international mergers and joint ventures

 

CBM Module 800 – Information Technology

800.1   Information Technology Strategies
800.1.1   Understand the interaction between information technology (IT) and an organization’s business
800.1.2   Understand how information systems impact organizations and business firms
800.1.3   Learn how to use information systems to achieve competitive advantage
800.1.4   Discuss management issues in using information systems to achieve competitive advantage
800.1.5   Understand the importance of information systems function in business

800.2   Information Systems Planning, Control, and Governance
800.2.1   Discuss the different types of information systems and information technology plans
800.2.2   Understand the issues in making IT infrastructure investments, handling changes, and managing governance

800.3   Information Technology and Outsourcing
800.3.1   Understand the need for and the benefits and risks of IT outsourcing
800.3.2   Discuss the various issues involved in software outsourcing

800.4   Information Technology Risk Management
800.4.1   Learn how to conduct risk assessment for IT processes
800.4.2   Learn how to develop a security policy
800.4.3   Learn how to reduce security and control risks through auditing

800.5   Knowledge-Management Systems
800.5.1   Understand the knowledge-management landscape, including its value chain
800.5.2   Understand the scope and purpose of enterprise-wide knowledge-management systems
800.5.3   Understand the scope and purpose of knowledge-work systems for knowledge workers
800.5.4   Discuss intelligent systems, such as expert systems and fuzzy logic systems

800.6   Decision-Making and Information Technology
800.6.1   Discuss systems used for managers’ decision-making purpose
800.6.2   Discuss systems used for executives’ decision-making purpose
800.6.3   Discuss systems used for group decision-making purpose

800.7   Business Value of Information Technology
800.7.1   Learn how to establish business value of investments in IT
800.7.2   Discuss business value of IT security and control
800.7.3   Learn how to establish business value of enterprise systems, supply-chain management systems, and customer relationships management systems
800.7.4   Learn how to enhance business processes with IT
800.7.5   Learn how IT improves business process reengineering efforts

800.8   Quality and Information Technology
800.8.1   Relate quality to IT with quality assurance and quality control
800.8.2   Understand how information systems support quality improvements

800.9   Databases and Data Warehouses
800.9.1   Understand how data is organized in a traditional file environment
800.9.2   Understand how database approach to data management is better
800.9.3   Learn how to use databases to improve business performance and decision-making through data warehouses and data mining

800.10   Systems Development and Acquisition
800.10.1   Understand how information systems are developed in a firm
800.10.2   Understand the alternative approaches to systems development, including prototyping and software package acquisition
800.10.3   Learn the new approaches to systems development such as RAD, JAD, and Web-services

800.11   Data Resources Management
800.11.1   Learn how to establish an information policy
800.11.2   Learn how to ensure data quality

800.12   Telecommunications and Networks
800.12.1   Understand the types of computer networks
800.12.2   Understand the types of communications networks
800.12.3   Understand the Internet services and architectures
800.12.4   Understand the wireless devices, systems, and networks

800.13   Enterprise and Business Application Systems
800.13.1   Understand the scope of enterprise systems
800.13.2   Understand the nature of supply chain management (SCM) systems
800.13.3   Understand the scope of customer relationship management (CRM) systems
800.13.4   Know the opportunities and challenges in enterprise application systems
800.13.5   Discuss the various types of business information systems

800.14   Information Technology Security and Controls
800.14.1   Understand why computer systems are vulnerable, leading to abuse, malware, fraud, and crime
800.14.2   Learn how to collect electronic evidence and conduct computer forensic analysis
800.14.3   Understand the tools, technologies, and controls available to secure computer systems and data
800.14.4   Discuss information security controls
800.14.5   Discuss e-commerce security issues and controls

800.15   Electronic Commerce and Information Technology
800.15.1   Define the terms E-business, E-commerce, and E-government
800.15.2   Understand the Internet business models
800.15.3   Understand the types of electronic commerce systems in use
800.15.4   Understand the services, applications, and challenges in mobile commerce (M-commerce)
800.15.5   Understand the electronic commerce payment systems
800.15.6   Discuss e-marketplaces, structures, mechanisms, economics, and impacts
800.15.7   Understand the need for E-contracts and E-licensing agreements

800.16   Information Technology Contingency Plans
800.16.1   Discuss the major steps in IT contingency planning process
800.16.2   Learn how to ensure the continuity of business operations

800.17   Auditing and Information Technology
800.17.1   Understand the purpose of information systems audits
800.17.2   Understand the framework for auditing computer security
800.17.3   Understand the framework for auditing program development, acquisition, and modification
800.17.4   Understand the framework for auditing computer-processing controls
800.17.5   Understand the framework for auditing source data controls
800.17.6   Understand the framework for auditing data file controls
800.17.7   Understand the general functions of computer audit software
800.17.8   Learn how to conduct IT operational audits

800.18   Ethics and Information Technology
800.18.1   Understand the ethical and social issues related to information systems
800.18.2   Discuss the ethical choices in an information society
800.18.3   Understand the moral dimensions of information systems
800.18.4   Understand the management issues and ethical policy areas for IT
800.18.5   Understand the ethical issues regarding privacy of employees and customers, computer/telephone monitoring, and e-commerce activities

800.19   Law and Information Technology
800.19.1   Learn the various U.S. laws and international laws related to IT
800.19.2   Understand the Internet and intellectual property laws as they apply to domain names and websites, and cyber patents and software copyrights

800.20   International Issues
800.20.1   Understand the reasons for the growth of international information systems, including business drivers and challenges
800.20.2   Understand how to organize international information systems
800.20.3   Learn how to manage global systems considering global systems strategy and global value chain

 

CBM Module 900 – Corporate Control, Law, Ethics, and Governance

900.1   Corporate Control Strategies
900.1.1   Understand the various control concepts
900.1.2   Understand the levers of control

900.2   Control Models and Systems
900.2.1   Learn about the U.S based control frameworks and models
900.2.2   Learn about the U.K. based Cadbury and Combined Code models
900.2.3   Understand the relationship between management and control and differentiate between management control and strategic control
900.2.4   Understand the causes of management control problems
900.2.5   Explain the characteristics of good management control
900.2.6   Learn how to avoid control-related problems with alternatives

900.3   Corporate Audits
900.3.1   Understand the nature of auditing, including its types
900.3.2   Describe the auditing process

900.4   Corporate Fraud and Crimes
900.4.1   Define fraudulent financial reporting and understand the auditor’s responsibility to detect fraud
900.4.2   Understand who perpetrates fraud and why it occurs
900.4.3   Define computer fraud and abuse, including their classifications and techniques
900.4.4   Learn how to prevent and detect computer fraud and abuse
900.4.5   Understand the accounting shenanigans practiced by management
900.4.6   Understand the common crimes and white-collar crimes with their associated liabilities

900.5   Corporate Risk Management
900.5.1   Explain the meaning of risk, including chance of loss, peril, and hazard
900.5.2   Identify the basic categories of risk
900.5.3   Discuss the major types of pure risk
900.5.4   Explain the major methods of handling risk
900.5.5   Distinguish between insurance and hedging
900.5.6   Define risk management and explain its objectives
900.5.7   Describe the steps in the risk management process
900.5.8   Describe the benefits of risk management program
900.5.9   Distinguish between financial risk management and enterprise risk management
900.5.10   Explain the securitization of risk, including futures and options contracts
900.5.11   Explain the methods that a risk manager uses to forecast losses
900.5.12   Discuss how financial analysis can be applied to risk management decision making
900.5.13   Discuss the advanced risk management tools such as risk maps and value at risk (VAR) analysis
900.5.14   Explain how a business income loss is determined under a commercial property insurance coverage
900.5.15   Identify the general liability loss exposure of business firms under a commercial general liability insurance coverage
900.5.16   Explain the coverage provided by an employment-related practices liability policy and a worker’s compensation liability policy
900.5.17   Describe the important provisions of a commercial umbrella policy
900.5.18   Identify the liability coverage provided by a business owners policy
900.5.19   Explain the coverage provided by directors and officers (D&O) liability insurance
900.5.20   Identify the insuring agreements in the commercial crime coverage form
900.5.21   Identify the basic insuring agreements in a financial institution bond for a commercial bank
900.5.22   Identify the major types of surety bonds and differentiate between insurance and surety bonds

900.6   Corporate Law
900.6.1   Understand the agency theory as it applies to top management and the board of directors
900.6.2   Understand the agency law in terms of relationships, duties, and liabilities of the principal and the agent
900.6.3   Understand the functions of shareholders, directors, and officers of a corporation, including their duties and liabilities

900.7   Corporate Culture
900.7.1   Define corporate culture
900.7.2   Understand how managers can change a corporate culture
900.7.3   Learn how to evaluate a corporate culture

900.8   Corporate Ethics
900.8.1   Understand the nature of organizational ethics, including ethical dilemmas and sources
900.8.2   Learn how to create an ethical organization
900.8.3   Describe how law and ethics intertwine
900.8.4   Describe the moral theories of business ethics

900.9   Corporate Stakeholders and Social Responsibility
900.9.1   Understand who are the stakeholders of an organization, both inside and outside
900.9.2   Learn how to satisfy stakeholders’ goals and interests
900.9.3   Describe the theories of the social responsibility of business, including corporate social audits

900.10   Corporate Governance
900.10.1   Define corporate governance
900.10.2   Understand the roles and responsibilities of the board, including nomination of members and organization of the board
900.10.3   Learn the impact of the Sarbanes-Oxley Act on U.S. corporate governance
900.10.4   Learn the trends in corporate governance
900.10.5   Understand the roles and responsibilities of top management in corporate governance

900.11   Corporate Compliance
900.11.1   Understand the components of the Sarbanes-Oxley Act, including its cost of compliance
900.11.2   Understand the relationship between ethics and corporate compliance and the challenge of compliance
900.11.3   Understand the corporate compliance systems and global corruption types
900.11.4   Understand the relationship between stakeholders, corporate governance, and a compliance system

900.12   International Issues
900.12.1   Understand how to evaluate management control systems across countries from the viewpoints of national cultures, institutions, and local business environments
900.12.2   Learn the problems in evaluating the performance of international managers

 

CBM Module 1000 – International Business

1000.1   Global Business Strategies
1000.1.1   Explain reasons for going international
1000.1.2  Understand the steps in developing global strategies
1000.1.3   Understand the steps in implementing global strategies

1000.2   Global Organization Structure and Control
1000.2.1   Understand the various types of organizational structures
1000.2.2   Understand the control and monitoring systems for global operations

1000.3   International Marketing
1000.3.1   Understand the United Nations Convention on Contracts for the International Sale of Goods (CISG)
1000.3.2   Understand the issues in international transportation, including carriage of goods by sea, air, or inland

1000.4   International Finance
1000.4.1   Discuss all types of documents involved in the financing of a foreign trade
1000.4.2   Learn how to finance foreign operations
1000.4.3   Understand the purpose of countertrade

1000.5   International Trade and Investment
1000.5.1   Understand all the international trade agreements and tariffs on trade in goods
1000.5.2   Understand all the international agreements and regulations on trade in services and labor
1000.5.3   Understand foreign investment laws, supervision of investments, and securities regulations and their enforcement

1000.6   International Money and Banking
1000.6.1   Understand the role of the International Monetary Fund, including currency exchange and support
1000.6.2   Understand the role of the World Bank and its subsidiaries
1000.6.3   Understand the purpose of the Bank for International Settlements
1000.6.4   Understand the role of Regional Monetary Systems
1000.6.5   Understand the role of National Monetary Systems

1000.7   International Cultures and Management Styles
1000.7.1   Explain culture and its effects on organizations, including cultural variables, value dimensions, and cultural profiles
1000.7.2   Understand the management styles and business practices around the world

1000.8   Intercultural Communication
1000.8.1   Understand the culture-communication link
1000.8.2   Understand how to manage cross-cultural communication

1000.9   Intercultural Negotiation and Decision-Making
1000.9.1   Understand the negotiation process and styles in a global setting
1000.9.2   Understand the link between negotiation and decision-making

1000.10   International Economics
1000.10.1   Understand the scope of international economics
1000.10.2   Understand why countries trade
1000.10.3   Understand the components of national income accounting and the balance of payments

1000.11   International Intellectual Property
1000.11.1   Understand how to create intellectual property rights and agreements
1000.11.2   Learn how to comply with intellectual property licensing regulations

1000.12   International Business Law
1000.12.1   Understand the sources and scope of international law
1000.12.2   Understand the national standard of care, state responsibility, objections, awards, and insurance and environmental protection
1000.12.3   Understand the international dispute settlement procedures through diplomacy, tribunals, and municipal courts, and recognition of foreign judgments

1000.13   International Human Resources
1000.13.1   Understand how to staff for global operations
1000.13.2   Understand how to manage expatriates
1000.13.3   Learn how to train and develop expatriates
1000.13.4   Learn how to train and compensate host-country nationals

1000.14   International Business Ethics
1000.14.1   Define the concept of international social responsibility
1000.14.2   Discuss ethics in a global management setting
1000.14.3   Understand how to manage global interdependency

1000.15   International Issues
1000.15.1   Understand the global manager’s role
1000.15.2   Understand the political and economic environment of global business
1000.15.3   Understand the legal environment of global business
1000.15.4   Understand the technological environment of global business

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