first-in, first-out (FIFO) method


first-in, first-out (FIFO) method
 метод ФИФО; метод учета товар нематериальных запасов по первой партии (по первым закупкам) согласно которому предполагают, что запасы используются в той же последовательности, в какой они закупаются, т.е. запасы, которые первыми поступают в производство/продажу оцениваются по стоимости первых но времени закупок, и, следовательно, запасы на конец периода оцениваются по стоимости последних закупок; использование этого метода в условиях роста цен приводит к относительно завышенной прибыли; применение ФИФО увеличивает влияние цикла экономического развития.

Англо-русский толковый словарь бухгалтерских и финансовых терминов. - Издательство "Академия Естествознания". . 2012.

Look at other dictionaries:

  • First In, First Out - FIFO — An asset management and valuation method in which the assets produced or acquired first are sold, used or disposed of first. FIFO may be used by a individual or a corporation. For taxation purposes, FIFO assumes that the assets that are remaining …   Investment dictionary

  • First-In-First-Out (FIFO) — A method of valuing the cost of goods sold that uses the cost of the oldest item in inventory first. The New York Times Financial Glossary …   Financial and business terms

  • first in, first out — adjective : being or relating to a method of valuing inventories by which items in the lot first received are assumed to be issued or sold first and requisitions are priced at the cost per item of the oldest lot on hand compare last in, first out …   Useful english dictionary

  • first-in-first-out cost — FIFO cost A method of valuing units of raw material or finished goods issued from stock based on using the earliest unit value for pricing the issues until all the stock received at that price has been used up. The next latest price is then used… …   Accounting dictionary

  • first-in-first-out cost — FIFO cost A method of valuing units of raw material or finished goods issued from stock based on using the earliest unit value for pricing the issues until all the stock received at that price has been used up. The next latest price is then used… …   Big dictionary of business and management

  • first-in, first-out — first′ in′, first′ out′ n. 1) bus a method of handling inventory costs at the price paid most recently, assuming items purchased first will be sold first Abbr.: FIFO Compare last in, first out 1) 2) cmp FIFO …   From formal English to slang

  • first-in first-out — FIFO An inventory valuation method that assumes inventory is consumed or sold in the order in which it is purchased or manufactured. The FIFO methodology, which allocates older inventory costs to *cost of sales, is acceptable under most forms of… …   Auditor's dictionary

  • first-in,first-out — first in, first out (fûrstʹĭnʹ fûrstʹoutʹ) n. A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost… …   Universalium

  • first-in, first-out — n. An accounting method that assumes goods are sold in the order purchased; see also last in, first out abbrv. FIFO The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • first in, first out — A method of accounting for business inventory permitted by GAAP. American Banker Glossary ( FIFO) An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first. Bloomberg Financial Dictionary * * …   Financial and business terms

  • first in first out — noun a) A method of inventory accounting that values items withdrawn from inventory at the cost of the oldest item assumed to remain in inventory. b) A policy of serving first what has arrived for service first. Syn: FIFO …   Wiktionary