FIFO


Also found in: Thesaurus, Legal, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia.

FIFO

 (fī′fō)

FIFO

(ˈfaɪfəʊ)
n acronym for
first in, first out (as an accounting principle in costing stock). Compare LIFO

FIFO

(ˈfaɪ foʊ)
first in, first out.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.FIFO - inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
inventory accounting - accounting that controls and evaluates inventory
Translations

FIFO

[ˈfaɪfəʊ] ABBR =first in, first outprimero en entrar, primero en salir
References in periodicals archive ?
It was created following recommendations from the Legislative Assembly Education and Health Standing Committee's report on the impact of FIFO practices on workers' mental health.
Further, generational differences on intentions to leave FIFO were found for those born between 1955 and 1965: the 'Baby Boomers', and for those born from 1977 onwards: the 'Generation Y', with Generation Y being more likely to leave FIFO (Susomrith et al.
Firstly, it aims to explore the leisure travel behaviour of FIFO workers.
The integrated FIFO supports low power applications and prevents data loss in non-real-time systems.
Despite the growth of FIFO arrangements, academic interest in the subject has been highly circumscribed, reflecting the paucity of independent, theoretically and critically informed social research on mining in Australia, and the dominance of industry sponsored studies on the subject.
At the same time, management reaffirmed its earlier forecast for adjusted FIFO EBITDA (which excludes, among other things, closed-store costs) of $93 million to $98 million.
Despite the challenging economy, we achieved yet another quarter of comparable-store sales increases and margin expansion as well as our ninth consecutive quarter of year-over-year adjusted FIFO EBITDA growth," says chairman and chief executive officer John Lederer.
The authors studied a database from COMPUSTAT of 175 FIFO firms and 48 LIFO firms with respect to the eight above-mentioned factors.
As early as 1919, the Treasury Department allowed taxpayers to use only FIFO and average cost.
Free user-side FIFO design examples are available for download in the respective product lounges for current 1 & 10 GMAC licensee customers.
For this reason, the Link layers must incorporate FIFO buffering to allow for throttling the interface if one side gets behind.
FIFO resolves that dilemma by assuming that the first asset put into inventory is the first asset used.