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FIFO
Definition
Abbreviated
form
of
First-In, First-Out
.
Questions related to
'FIFO'
FIFO format for an utensil manufacturing company
âFIFO method for inventory valuation may increase income tax due as well as showing true financial position
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Nearby Terms
field service advice
field service representative
field test
field underwriting
field warehouse
field warehousing
FIFO
fighting brand
fighting the tape
figure
figure of merit
figuring the tail
file
Popular 'Accounting & Auditing' Terms
accounting
payment terms
accounting concepts
financial management
marginal benefit
letter of credit (L/C)
asset
revenue
pro forma invoice
fixed cost
Related Terms
cost flow assumption
inventory conformity rule
LIFO reserve
periodic FIFO
change in accounting principle
periodic inventory method
inflation accounting
Mentioned in these terms
perpetual inventory FIFO
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