Accounting Software Glossary |
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The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary. |
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Definition of FIFO |
FIFO is an acronym for First in First out, which is a method of valuing stock whereby it is assumed that stock next to be used or sold is the oldest stock. This is usually in line with actual practice since companies use up the oldest stock first to allow for perishability.Other accounting software terms beginning with F |
| FIFO |
| FIFO is an acronym for First in First out, which i... |
| Fiscal year |
| The name given to an accounting year for a company... |
| Fixed Assets |
| Fixed assets are permanent features required for t... |
| Fixtures & Fittings |
| Fixtures and Fittings are a category of fixed asse... |
| Flash earnings |
| When a company issues a press/news release that sh... |