Akademik

FIFO

See first in, first out. American Banker Glossary

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An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first. Bloomberg Financial Dictionary

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FIFO FIFO [ˈfaɪfəʊ ǁ -foʊ] ACCOUNTING

abbreviation for first in, first out:

• the FIFO basis of stock valuation

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First In First Out. A method of valuing stocks, or inventory, where the oldest stock is sold first.

► See also LIFO.

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FIFO UK US /ˈfaɪfəʊ/

► ABBREVIATION for FIRST IN, FIRST OUT(Cf. ↑first in, first out): »For example, with inventories this means that the FIFO valuation method is the best method to use.

Financial and business terms. 2012.