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FIFO |
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FIFO See: First in, first out First In, First Out In accounting, a technique for valuing inventory by treating inventory acquired first as if it were sold first. The sale of inventory is recorded against the purchase price of the oldest inventory, even if the physical goods are not the same. In times of high inflation, the first-in, first out technique increases a business' inflation risk. For this reason, most American firms have used the last-in, first-out technique in their accounting since the 1970s.
First In, First Out (FIFO) What Does First In, First Out (FIFO) mean? An asset-management and accounting valuation method in which the assets produced or acquired first are sold, used, or disposed of first. FIFO may be used by an individual or a corporation. Investopedia explains First In, First Out (FIFO) For taxation purposes, FIFO assumes that the assets that are remaining in inventory are matched to the assets that are purchased or produced most recently. Because of this assumption, a number of tax minimization strategies are associated with using the FIFO assetmanagement and valuation method. In selling shares, FIFO can be used to determine one's cost basis so that sales are matched to share purchases that result in a more favorable tax treatment. Related Terms: First In, First Out (FIFO) An accounting method for determining the cost of inventories. Under this method, the first items purchased are treated as being the first items sold. Ending inventory is valued using the cost of later purchases, or the lower of cost or market. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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Accountant Accounting First In, First Out first-in, first-out GAAP generally accepted accounting principles Historical Cost inventory Inventory Profit Queue Discipline | As in the last section, the simulations are based on a RTGS system with a FIFO queuing function where a gridlock mechanism attempts to achieve netting effects between participants. Early schemes included FIFO queuing and routing based on trunk groups, followed by intelligent call routing based on network data such as DNIS and touchtone input, and later database information. Business Editors MIAMI--(BUSINESS WIRE)--April 1, 2003 All American (Nasdaq:SEMI) and High Bandwidth Access (HBA), a developer of advanced FIFO queuing and memory devices for high capacity broadband networks, today announced their national distribution agreement. |
FIFO queuing |
FIFEM fifer fifer fifers fifers fifes fifes FIFEX FIFF FIFFLA FIFG FIFH Fifi Fifi hook fifing fifing FIFireE FIFIYS FIFMO FIFMTF FIFN FIFNA FIFNC FIFO FIFO FIFO FIFO FIFO FIFO and Priority Manager FIFO Control Register FIFO queuing FIFO Rejection Filter MaskFIFO-H FIFO-QH FIFOMS FIFOQ FIFP FIFPro FIFR FIFRA FIFRA and TSCA Enforcement System FIFRA/TSCA Tracking System FIFS FIFSB FIFST FIFSTA FIFT FIFTA fifteen fifteen Fifteen Mile Stream Fifteen Minute Emergency Aircraft Oxygen Fifteen minutes of fame Fifteen minutes of fame Fifteen Minutes of Fiction Fifteen minutes to midnight Fifteen Year Mortgage | |||||||
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