fifo

incontable · nombre propio

An acronym used in inventory accounting and data processing, referring to a method where the oldest items or data are assumed to be processed or sold first.

• 🇪🇸Abreviatura utilizada en contabilidad de inventarios y procesamiento de datos que designa el método según el cual se supone que los artículos o datos más antiguos se procesan o venden primero.

1. Inventory accounting method B2 formal business

   An accounting method where the oldest inventory items (those first acquired) are assumed to be sold first.

   • The company uses FIFO to value its stock.
   • Under FIFO, the cost of goods sold reflects older, cheaper inventory.
   • FIFO can result in higher profits during periods of inflation.

   🇪🇸FIFO (método de valoración de inventarios)

   Antónimos: lifo

• fifos plural form
• fifos' possessive plural form
• fifo's possessive singular form