FIFO


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FIFO

An initialism for "first in, first out," referring to the accounting practice of treating inventory that has been purchased first as the first to be sold. I don't like to use FIFO when managing the business's finances—I use the last-in, first-out method instead.

FIFO

phr. first in, first out; the first items placed in the stack are the first items to be retrieved. (see also GIGO, LIFO.) Oh, I thought this thing was FIFO, and I put the stuff in the wrong order.
References in periodicals archive ?
Perhaps realistic previews of expectations for extended absences of parent or spouse could assist FIFO and other NRW families.
Non-resident workers: a comparison of family support services for resource, health, and defence communities
FIFO has also been the subject of inquiries and investigations by various levels of government and government agencies in Australia.
Fly in to work; fly out to Bali: an exploration of Australian fly-in-fly-out (FIFO) workers leisure travel
However, it appears the majority of posters were female, and either living with or married to a man employed in a FIFO working arrangement.
Gender, emotions and fly-in fly-out work
Ha: Companies whose inventories are perishable use FIFO.
Choice of inventory costing method of selected companies in the Philippines
But simply getting rid of the conformity rule isn't enough because FIFO still leaves financial statement users without full information about the results of management's purchasing and marketing activities.
It's time to get rid of LIFO conformity: IASB's move to ban LIFO deserves a thoughtful response
Next, we prove that crash failures and reliable FIFO links can drive the nodes to arbitrary states in Section 9.
The Fault Span of Crash Failures
Urgent components in non-pre-emptive priority: ten independent replications Maximum Average Average WIP number waiting number Rule inventory waiting time (hrs) waiting Throughput FIFO 37 40 105 32 113 39 42 110 39 113 41 47 116 37 119 41 52 102 36 116 37 50 115 40 113 38 44 104 36 123 36 42 112 40 119 37 50 104 40 115 38 42 122 40 101 40 37 130 41 115
Dynamic simulation of job shop scheduling for optimal performance
By continuing to use FIFO, the cooperative fulfills their responsibility to the older patrons by returning the capital which has been held for many years.
Capital credits, competitiveness, and member loyalty
Discussion of FIFO tends to include Drive In Drive Out (DIDO) and Bus In Bus Out (BIBO).
Guest Editors' introduction to the special issue on FIFO Work
The patented injection unit FIFO A is completely redesigned as well, and is now presented under the name FIFO-Advanced.
Vertical injection system
FIFO earnings before interest, taxes, depreciation and amortization and LIFO charge (FIFO EBITDA) tumbled 12% to $31.
Losses continue to mount at Pathmark in second quarter
This multi-queue family of FIFOs are based on a new industry architecture that combines high-speed queuing logic with an embedded FIFO memory core.
Queuing FIFOs for switching and routing applications. (Semiconductor Monthly: Telecom, Datacom & Voice ICs)
For FIFO taxpayers, payments made (or received) for floor stocks taxes generally are included in cost of goods sold (and not in ending inventory), because the goods physically held on the floor stocks date to which the payments relate usually do not remain in ending inventory.
Accounting for floor stocks taxes
This function is significantly more complicated than a repeater since the recovered data must be stored in an add/drop FIFO synchronously to the recovered clock and pulled out of the FIFO timed to the local reference clock.
Fibre Channel Building Blocks: Physical Layer Elements
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