Content deleted Content added
Cybercobra (talk | contribs) m moved Talk:FIFO (computing) to Talk:FIFO over redirect: not ambiguous |
→FIFO is also an accounting term: new section |
||
Line 67:
Ideas? <small>—Preceding [[Wikipedia:Signatures|unsigned]] comment added by [[Special:Contributions/85.66.64.180|85.66.64.180]] ([[User talk:85.66.64.180|talk]]) 21:41, 8 September 2008 (UTC)</small><!-- Template:UnsignedIP --> <!--Autosigned by SineBot-->
== FIFO is also an accounting term ==
The term appears to have originated significantly before 1900. As in information and systems uses, the term refers to ordering of items. However, in accounting and tax, FIFO may apply to a convention applied to determine which items are in inventory (stocks) or other goods on hand, or to the order in applying debits or credits to an account (such as payments by a customer).
In accounting and tax, this is a major topic, with cross-relations to topics related to inventory, payables, and receivables. Example cross-related topics include Cost of Goods Sold (currently a start class article), Inventory (C class in Project Business), Average cost (a high priority article in Project Economics), Activity Based Costing.
As time permits, I will attempt to enhance this article for the accounting & tax side of FIFO. If it is merged with another information systems article, then the article should be restarted from the accounting side.[[User:Oldtaxguy|Oldtaxguy]] ([[User talk:Oldtaxguy|talk]]) 01:13, 5 April 2010 (UTC)
| |||