Persuasive Business Essay Topics
If you have to write a persuasive essay for a business class, you will need to begin the process by choosing an issue to write about, then set out your opinion on this, and present a sufficient amount of evidence to persuade your readers to agree or accept your stance. Undoubtedly, whatever topic you choose will significantly affect how successful your essay is.
Factors to Take Into Consideration when Selecting a Business Topic
Topics that relate to business are great subjects to write about since this field has numerous issues – controversial and otherwise – that are well worth investigating and giving some attention to.
- Try to choose a subject that matters to yourself and your readers. In order to create a strong and very persuasive essay, it is very important that everyone involved is interested in all sides of the essay’s argument.
- It is essential also that you are interested in any views that might be opposite to your own view of a subject and to show in your writing that you respect other views. Hence, if the topic you have chosen is something you feel very passionately about but you cannot look at it in an objective manner, you should think about changing it.
- One last factor you will need to consider is how effectively you will be able to research your topic, since you will need to do this well. In the event you have come up with a really fascinating idea or concept for your business essay but you are unable to find a sufficient amount of credible evidence to illustrate or prove your point, it is best not to take an unnecessary risk. Instead, think about choosing another topic.
A Few Good Topic Suggestions to Get You Started
- When a business is in severe financial difficulty or facing bankruptcy, it should not expect to be bailed out by government.
- The practice of outsourcing a business’s IT function is not a cost-effective option in the current economic climate.
- A strict policy on how office employees dress is a restrictive and unnecessary obligation on those who work in offices.
- Large corporate organizations should not be permitted to operate in smaller towns and communities because they force local enterprises out of business.
- A lot of businesses fail because of poor leadership.
- Businesses should be able to reject candidates who smoke.
- All forms of business innovation should be given careful thought since, as well as bringing about positive change, many of these come with a number of different risks.
- A strong and inclusive culture within corporate organizations does not just improve productivity and motivation among employees it also attracts the best candidates.
- Every business should maintain a social media profile.
- Businesses should aim to provide innovative, exclusive, and original services rather than copying the successful strategies of others.
- Introducing team-building initiatives in the workplace is a great way of improving communication and productivity among employees.
- Every business should aim to improve their online image by responding promptly to customers.
- Decision-making in business can be improved and made more effective through diagonal communication.
- Business success is not guaranteed solely on the basis of having a great education.
- It is wrong for employees to resign in order to join a rival company.
Persuasive Business Essay Sample
Legal, Ethical and Technological Concerns Regarding Financial Reporting of Business
There is a big great world around us filled with numerous opportunities. Thousands of people worldwide use these chances to crate and develop their businesses. However, it is not an easy thing to do and many different tools are required. One of such instruments is financial reporting. Nowadays, a standard requirement for all entities that wish to conduct business, especially at a global scale, exists.
A general definition according to Business Dictionary states that financial reporting is “a set of documents prepared usually by government agencies at the end of an accounting period. It generally contains summary of accounting data for that period, with background notes, forms, and other information” (Financial reporting, n.d.). The purpose of these documents is to provide insights about the wellbeing of the company to all parties that participate in its operations (shareholders, employees, government etc.) Financial reporting is quite a complex subject that relates to many significant issues in a company. The most important ones are legal aspects, ethical responsibilities and technological requirements. The role and significance of these issues is explained below.
Financial reporting is governed by specific statutory provisions and common law standards accepted in the world in general or adopted in a specific country. Nowadays, in the United States financial reporting is done in accordance with the Generally Accepted Financial Principals (GAAP) which “provide companies and accountants with a consistent set of guidelines that cover both broad accounting principles and specific practices” (GAAP, n.d.). According to the Securities Act (1933) and the Securities Exchange Act (1934), passed by the US congress, every publicly held company is required to conform to GAAP standards. Many countries have accepted to follow GAAP with some additional features that relate to the unique legal features of the given country. They made such decision in order to maintain a single-based reporting system concerning international transactions. However, nowadays, great number of the world countries decide to pass to International Financial Reporting Standards (IFRS). The reason of this transition is the fact that GAAP standards are generated mostly from general business guidelines and are not the strict rules. The IFRS is complete internationally excepted system of accounting standards based on defined rules and regulations.
Regarding the legal (further ethical) aspect of financial reporting in the US it is quite important to mention the Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley Act, 2002).This instrument relates to the requirements for public company’s board of directors, executives and audit institutions. In general, this act covers the regulations concerning senior managers who undertake individual responsibility for the accuracy of financial reports. This document also includes requirements on company’s internal controls regarding prevention of financial report frauds.
Ethical issues concerning financial responsibility, just as the legal ones, dramatically affect the company and its reputation. The moral factors concerning financial reporting relate to making good and moral choices when preparing, presenting and disclosing financial information. Ethical issues concerning accounting financial report occur quite often and on different levels of the corporate hierarchy.
Misappropriation of assets can be considered as one of them. This fraud is the most common issue that occurs on an individual employee level. This is the use of company’s assets for any other purpose than the company interest. In simple words, this is the act of embezzlement or steeling of company’s money. Misappropriations of assets can occur on practically any level in the organization – both a senior manager and a simple middle level employee can cause such problems.
Fraudulent financial reporting is an ethical issue that relates to the misrepresentation of a financial statement by the manager. This issue correlates to the possibility of misleading the investors and maintaining a stable share price of the company. In general, such actions are only short-term effective and eventually they have a long lasting negative effect on the overall company’s reputation. Disclosure is a subsection of fraudulent financial reporting. It concerns to failure to disclose the financial information that can affect the decision of investors concerning buying or selling stock. The disclosure issues are unethical omission.
Ethical violations of such kinds involve not only consequences regarding legal responsibilities but also financial penalties. They are determined by the Sarbanes-Oxley Act of 2002 for manipulations with financial records, destruction of valuable information, investigation interference etc.
Modern technologies have infiltrated into different spheres of business and changed companies from the inside in unique ways. Technology no longer relates only to the function of supporting other business procedures in a company. It has become crucial part of the company that can influence the overall performance. Certainly, technology has also greatly affected the company’s financial reporting, however in both positive and negative ways.
Increase in accuracy in financial reporting due to modern technologies can be considered a great advantage. Thanks to computerized software and the possibilities of informational technologies to generate multifunctional databases, such procedures as analyzing, structuring, sorting and comparing financial data have become easier to perform. Now accountants can generate the necessary statements by using only one or few computer applications that calculate the requested figures almost instantly. Additionally, such possibilities decrease the amount of time needed to compile financial reports.
Unfortunately, in addition to the great possibilities that new technologies have generated some negative features have appeared. Security of the accounting information has become dependent on the quality of the software that is used to protect it. This means that possibilities of information leakage or theft have become quite serious problems. Another negative aspect is that technology is developing quite rapidly and software used for generating financial reports changes quite fast. The functional characteristics of the older application are more limited than the updated version’s. Due to this fact, inconveniences with software ale likely to occur that can influence the accuracy of the financial reports.
Financial reporting is quite a complex issue that is influenced by many factors. Governments and legal institutions enforce legal responsibility upon companies to follow strict rules and requirements in order to secure the rights of investors. Companies and their employees are required to be committed to general ethical principles concerning financial reporting and by doing so to take responsibility in case certain issues occur. Modern-day technologies force companies to keep up with the development and implementation of innovations into the financial reporting process. In order to deal with these challenges in financial reporting companies really need to be prepared and careful in making right decisions.
- Financial reporting (n.d.). Business Dictionary. Retrieved from: http://www.businessdictionary.com/definition/financial-report.html
- Generally Accepted Accounting Principles. (2008) West's Encyclopedia of American Law (2nd ed.). Retrieved from http://legal-dictionary.thefreedictionary.com/GAAP
- Sarbanes-Oxley Act. (2002). Corporate responsibility. (15 U.S.C. 7201). Retrieved from https://www.sec.gov/about/laws/soa2002.pdf