LIFO method


LIFO method
 см. last-in, first-out method

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

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  • Метод ЛИФО в денежных единицах (DOLLAR VALUE LIFO METHOD)  — Метод учета ЛИФО, в соответствии с которым стоимость запасов по группам на начало года, когда был принят ЛИФО, сравнивается со стоимостью на конец года, выраженной в ценах того же периода. Определение количества отдельных позиций не производится …   Словарь терминов по управленческому учету

  • LIFO Reserve — The difference between the FIFO and LIFO cost of inventory for accounting purposes. The LIFO reserve is an account used to bridge the gap between FIFO and LIFO costs when a company is using FIFO but would like to report LIFO in its financial… …   Investment dictionary

  • LIFO — abbrlast in, first out Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. LIFO abbrv. Last in, first out …   Law dictionary

  • LIFO — ☆ LIFO [lī′fō΄ ] n. [l(ast) i(n), f(irst) o(ut)] a method of valuing inventories in which items sold or used are priced at the cost of the most recent acquisitions and those remaining are valued at the cost of earliest acquisitions: cf. FIFO …   English World dictionary

  • LIFO — last in, first out (LIFO) One of the methods for accounting for business inventory permitted by generally accepted accounting principals ( GAAP). American Banker Glossary ( last in, first out) An accounting method that fixes the cost of goods… …   Financial and business terms

  • LIFO Liquidation — When a company using the LIFO (Last In, First Out) method of inventory costing liquidates their older LIFO inventory. A LIFO liquidation would occur if current sales are higher than current purchases, as a result, any inventory not sold in… …   Investment dictionary

  • LIFO — /ˈlaɪfoʊ/ (say luyfoh) noun a method of storing and retrieving items from a stack or list on the principle that last in is first out. Compare FIFO1. {L(ast) I(n) F(irst) O(ut)} …   Australian English dictionary

  • Last In, First Out - LIFO — An asset management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first. LIFO assumes that an entity sells, uses or disposes of its newest inventory first. If an asset is… …   Investment dictionary

  • FIFO and LIFO accounting — methods are means of managing inventory and financial matters involving the money a company ties up within inventory of produced goods, raw materials, parts, components, or feed stocks.LIFO accountingIn LIFO accounting, a historical method of… …   Wikipedia

  • Average cost method — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Lot Relief Method — A method of computing the cost basis of an asset that is sold in a taxable transaction. There are five major lot relief methods that can be used for this purpose. They include FIFO (First In First Out), LIFO (Last In First Out), Dollar Value LIFO …   Investment dictionary