Nobody downloaded yet

IBIS Technology Corporation - Essay Example

Comments (0) Cite this document
Summary
The present essay dwells on the financial problems of the IBIS Technology Corporation. Reportedly, Ibis Technology Corporation is in the business of developing and marketing Separation by Implantation of Oxygen – a form of silicon-on-insulator technology for the global semiconductor industry. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
IBIS Technology Corporation
Read TextPreview

Extract of sample "IBIS Technology Corporation"

Download file to see previous pages A qualified opinion may be expressed for one or more of the following reasons: The auditor has concluded that there are material but not pervasive misstatements with respect to the appropriateness and application of accounting policies as well as the adequacy of disclosures in the financial statements The auditor cannot obtain sufficient and appropriate audit evidence on which to base an opinion but concludes that the possible effects could be material but not pervasive, including limitations imposed by management; and circumstances beyond the company’s control. There are uncertainties in relation to whether the company would be able to continue to operate as a going concern During the course of an audit it is a requirement that the auditors take into consideration the appropriateness of management’s use of the going concern assumption in the preparation of the financial statements. The going concern assumption is a fundamental assumption in the preparation of financial statements. Going concern assumes that the business will continue in operation for the foreseeable future with no intention to liquidate. This type of qualified opinion suggests that the possibility exist that the organization may not be operational in the foreseeable future (BPP 2009). It indicates that there are a number of factors that could give rise to this including declining sales and profits or increasing losses. This is also an indication that an organization may not be able to honor its obligations as they fall due if it cannot generate the level of revenues necessary to do cover its costs and leave some in reserves. Additionally, if an organization continues to make losses thereby eroding reserves it may...
During the course of an audit, it is a requirement that the auditors take into consideration the appropriateness of management’s use of the going concern assumption in the preparation of the financial statements. The going concern assumption is a fundamental assumption in the preparation of financial statements. Going concern assumes that the business will continue in operation for the foreseeable future with no intention to liquidate. This type of qualified opinion suggests that the possibility exists that the organization may not be operational in the foreseeable future. It indicates that there are a number of factors that could give rise to this including declining sales and profits or increasing losses. This is also an indication that an organization may not be able to honor its obligations as they fall due if it cannot generate the level of revenues necessary to do cover its costs and leave some in reserves. Additionally, if an organization continues to make losses thereby eroding reserves it may not be able to carry out any major investments or any projects in the form of research and development. In a case where an organization is no longer a going concern, the organization’s noncurrent (fixed) assets are valued at the price they are likely to fetch in a forced sale and their current assets such as stock and debtors will also be discounted to the price they are likely to fetch in a liquidation. This value will be substantially less than the values in the books which assume that the organization is a going concern. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“IBIS Technology Corporation Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
IBIS Technology Corporation Essay Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/business/1444548-ibis-technology-corporation
(IBIS Technology Corporation Essay Example | Topics and Well Written Essays - 1750 Words)
IBIS Technology Corporation Essay Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/business/1444548-ibis-technology-corporation.
“IBIS Technology Corporation Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/business/1444548-ibis-technology-corporation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF IBIS Technology Corporation

Sony Corporation

...the title Sony Corporation came into being in 1958 and has been there since then. The word Sony was a coined by combining two Latin words, sound and sonny. Sonus signifies sound or something that is sonic while sonny means son. Sony is a short word which has the advantage of quick recall and can also be read in any language and is a sign of freedom and open-mindedness. The variety of high quality products that SONY offers makes it one of the market leaders of digital entertainment (Louwel, 2011). It is a company that banks upon the opportunities provided by innovation and new technology. It is a company that is characterized by a forward mentality and a desire to lead and be the first one to introduce...
7 Pages(1750 words)Essay

Corporation acquisitions

...? Corporate Acquisitions ID Lecturer The reason why firms purchase other corporations is because theybelieve that the other corporation shall help them in profit maximization and increase in revenues for a period of time. It helps them establish their basis within the pertinent market domains, and assist in exponentially enhancing their market share within the related market terrains. At times, firms pay just too much to acquire other corporations (Gaughan 1999). At other times, the costs for acquiring corporations is just reasonable, however this hardly happens and the firms end up paying a lot of money to purchase other corporations...
1 Pages(250 words)Assignment

Cigna Corporation

...Cigna Corporation Abstract Cigna Corporation (Cigna) is a global health service company. The company offers variant insurance products under medical and accident cover throughout United States. These services are sold through the company employees and selected groups. Having wide operations in United States and beyond means, the company is under a great challenge to handle external factors compared to a local business. Similarly, the wider operations mean the company has a wide management structure and numerous employees. This means the company has numerous internal factors that affect its operations in one way or the other. This study looks at the external factors in addition, seeks to determine their impact on the operations...  of the...
18 Pages(4500 words)Essay

S Corporation vs. Corporation

...? S CORPORATION VS CORPORATION Affiliation In business there are different types of companies that one can form. These are majorly classed depending on certain characteristics. One of these classes is a corporation. A corporation is a business entity that is autonomously recognized by the law and that has been incorporated. There are various filings that one has to do to become incorporated. In the United States of America the law recognizes two types of corporations for the purposes of taxation. There are the C corporations and the S corporations (also known as small corporations). Incorporating as...
3 Pages(750 words)Essay

Huntsman Corporation

...? Huntsman Corporation of the of the Company Overview Huntsman Corporation is an international company that manufactures differentiated chemicals and markets them globally. The company was originally known for making ground-breaking innovations in the packaging industry. Later on the company entered the petrochemicals industry and showed very high growth rate. The company produces a wide variety of products for a number of industries operating globally, such as, “chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging” (Huntsman, 2013a). Approximately the company has 12,000 employees and has... ,...
15 Pages(3750 words)Research Paper

Corporation

...?How do the interests of corporations conflict with the public’s interest? Introduction The advent of globalization and the extensive advancement of technology today have made life easier for us. Sitting at the comfort of home, we can order for goods and services and those get delivered right in front of our doorstep. Today we can easily access the foreign brands anytime and anywhere. The corporations on the other hand are striving hard to satisfy our needs and demands. Now the question arises, who are “We”? “We” of course constitute the market. “We” are the customers. From the aspect of business, we are the revenue for the firms. “We” are also considered as a potential source for new...
4 Pages(1000 words)Essay

Microsoft Corporation

...Microsoft Corporation Headquartered in Redmond, Washington, Microsoft Corporation is known as a pioneering company, as far as research and development in the field of software products is concerned. With a worldwide presence the company has aspired to be a leader in software products and services. SWOT Analysis Strengths Strong Brand Image: Microsoft is a well known brand the world over. Anybody having anything to do with the field of IT, computers or technology finds the italicised brand name easily distinguishable and identifiable. Microsoft was firmly placed at third position after Google and GE in the ranking of brands being finalised by MillwardBrown for the year 2008. In fact,...
4 Pages(1000 words)Essay

Sharp Corporation

...not only sustained itself but has emerged as one of the leaders in electronic product market. Innovation and technological prowess along with diversified product portfolio has been the reason behind the success of sharp corporation behind its success. It is note worthy that the product mix has been kept changing so that they are not outdated and people expect more out of sharp products. This leads to investment in R& D and the cutting edge technology which acts as a driving force behind the successful sustainment of sharp as the leader in technology domain. The cutting edge technology combined with a never ending quest for creating newer products that...
8 Pages(2000 words)Essay

Mathews Corporation

...rapid production procedure. They also want to implement the globally unified price lists and distributor discounts, and corporate-wide processes for purchasing raw materials. Even with the presence of various technological innovations in the field of advertising and marketing strategies, which made it easier and faster to reach to a broader range of consumer market, there are still quite a lot of factors that have to be measured and studied to assure that the target market is reached. Advertisers and market analysts should pay attention to the characteristics and the thoughts and processes consumers adhere to. Moreover, they should keep in mind that since larger market is an obstacle in successfully...
22 Pages(5500 words)Case Study

Whirlpool Corporation

...Question The company faced a number of challenges during the end of the decade 1990. The challenge was to survive and sustain a billion annual growth in a highly competitive home appliances business. The company serves customers in 170 countries and makes a revenue in flow of over $13 billion per annum and stays at the top of the home appliances business across the globe. Whirlpool was under threat and its margins were fast depleting. Three key factors were identified as the root cause of these changes: 1. Materials Management: The Company was besieged by the Asian companies who could make the same products for much lesser cost because of their sourcing comfort. Better sourcing or material management was becoming critical. 2... The company...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic IBIS Technology Corporation for FREE!

Contact Us