Home » Accounting » What does FIFO mean in Accounting?

FIFO in Accounting Meaning

The FIFO meaning in Accounting terms is "First In, First Out". There are 6 related meanings of the FIFO Accounting abbreviation.

FIFO on Accounting Full Forms

  1. First In, First Out A method of determining the cost of inventory used in a product. In this method, the costs of materials are transferred to the product in chronological order. Also used to describe the movement of materials.
  2. First-In,First-Out
  3. First In First Out
  4. First-In First-Out
  5. First-In-First Out
  6. Fist In First Out

Frequently Asked Questions (FAQ)

  1. What does FIFO stand for Accounting?

    FIFO stands for First-In First-Out in Accounting terms.

  2. What is the shortened form of First-In First-Out in Accounting?

    The short form of "First-In First-Out" is FIFO for Accounting.

Citation

FIFO in Accounting. Acronym24.com. (2021, December 14). Retrieved February 21, 2025 from https://acronym24.com/fifo-meaning-in-accounting/

Last updated