| 释义 |
LIFO
LIFO L0160700 (lī′fō)n. See last-in, first-out.LIFO (ˈlaɪfəʊ) n acronym for (Accounting & Book-keeping) last in, first out (as an accounting principle in sorting stock). Compare FIFOlast′-in′, first′-out′
n. 1. a method of handling inventory costs at the price of the earliest items, assuming that items purchased last will be sold first. Abbr.: LIFO Compare first-in, first-out. 2. LIFO (def. 2). [1935–40] Thesaurus| Noun | 1. | LIFO - inventory accounting in which the most recently acquired items are assumed to be the first soldlast in first outinventory accounting - accounting that controls and evaluates inventory |
TranslationsLIFO
LIFO1. An abbreviation for "last in, first out," a data-processing method in which the last data entered is the first to be sent out after processing. He coded the whole thing with LIFO stacks when I explicitly told him to use FIFO stacks!2. An abbreviation for "last in, first out," meaning that the employees who were hired most recently will the first to be laid off. I heard that the company is downsizing its staff after Christmas. I was only hired a year ago, so I'm worried it will be a LIFO situation.LIFO phr. last in, first out. (Computers. Acronym. Refers to the order of data put in and returned from the processor.) I can’t remember whether the stack is LIFO or FIFO. LIFO
LIFO[′lī‚fō] (industrial engineering) last in, first out LIFO(Last In-First Out) A queueing method in which the next item to be retrieved is the item most recently placed in the queue. Contrast with FIFO.LIFO
LIFOAn abbreviation for last in, first out, a method used in inventory accounting to value the merchandise of a particular business. LIFO assumes that the last goods purchased are the first sold and, as a result, those items that remain unsold in the inventory at the end of the year are assumed to be those which were purchased first. Cross-references FIFO. LIFO
LIFOSee: Last in, first outLast In, First OutIn accounting, a technique for valuing inventory by treating inventory acquired most recently as if it were sold first. The sale of inventory is recorded against the purchase price of the most recently acquired inventory, even if the physical goods are not the same. In times of high inflation, the last-in, first out technique reduces a business' inflation risk. It also may reduce one's tax liability. For these reasons, most American firms have used this technique in their accounting since the 1970s.LIFO See last-in, first-out.LIFO - see REDUNDANCY.
- STOCK VALUATION.
Last In, First Out (LIFO)An accounting method for valuing inventories for tax purposes. Under this method, the last items purchased are treated as being the first items sold. Ending inventory is valued using the cost of the items with the earlier purchase dates.LIFO
| Acronym | Definition |
|---|
| LIFO➣Last In, First Out | | LIFO➣Last in First Out | | LIFO➣Life Orientations (trademark of Business Decisions International Pty Ltd) | | LIFO➣Liner In Free Out (shipping) | | LIFO➣Locked Intramedullary Flexible Osteosynthesis (fracture treatment) |
LIFO
Synonyms for LIFOnoun inventory accounting in which the most recently acquired items are assumed to be the first soldSynonymsRelated Words |