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 ?
Key terms for the search included: 'FIFO', 'FIFO support', 'FIFO famil*', 'support while working away', 'locum doctor support', 'locum doctor', 'defence deployment support', 'FIFO nurse*', and 'FIFO doctor*'.
FIFO has also been the subject of inquiries and investigations by various levels of government and government agencies in Australia.
Most questions are addressed by the psychologist and cover topics for both the FIFO worker (for example, depression and mine site work) and the FIFO partner (being a FIFO mum), along with information for both partners about, for example, the breakdown of a FIFO relationship and fighting about sex.
For the same scenario (i.e., [LP.sub.B] receives a delayed GVT computation message from the controller LP), even if [LP.sub.B] sends an event-message to [LP.sub.A], [LP.sub.A] will only accept it (i.e., it stores the event-message in its FIFO queue) but will not send any acknowledgement back to the sending LP (i.e., [LP.sub.B]) with the assumption that the sending LP will consider the time stamp of this received event-message in its own local minimum computation.
Thus, a typical change in inventory method, such as from average cost to FIFO, is treated retrospectively.
The study also included a survey of financial executives to determine their rationale for adopting either FIFO or LIFO inventory valuation.
Many corporations use FIFO for the physical flow of inventory, so older products are usually brought to the front of the shelves or brought to the front of a warehouse.
For this reason, the Link layers must incorporate FIFO buffering to allow for throttling the interface if one side gets behind.
A dictator named Fifo is celebrating fifty years in power by holding a Carnival on an island off the Florida coast.
About half the company's locations valued its inventory using the first-in first-out (FIFO) accounting method, while the other half used last-in first-out valuation (LIFO).
Its FIFO design is said to prevent dead spots or obstructions to flow, and air traps in the compression area have been eliminated.
We further characterize the reachable states caused by crash failures using reliable non-FIFO and reliable FIFO links.
The only outcome is that lifetime distributions (loans and withdrawals) are taxed on a LIFO basis rather than the FIFO basis that normally applies to life insurance contracts.
Even basic inventory methods, such as FIFO, LIFO and weighted average that you knew the instructor understood, needed to be included.
Our scheme applies to any layer that can provide multiple FIFO channels.