last-in first-out (FIFO)

简明释义

先进产出法,先进先出盘存法

英英释义

例句

1.The accounting department applies the last-in first-out (FIFO) rule for valuing inventory, which helps in tax calculations.

会计部门应用后进先出 (FIFO)规则来评估库存，这有助于税务计算。

2.In our warehouse, we use the last-in first-out (FIFO) method to manage inventory, ensuring that the newest items are sold first.

在我们的仓库中，我们使用后进先出 (FIFO)的方法来管理库存，确保最新的物品优先售出。

3.Using the last-in first-out (FIFO) strategy can help reduce waste in perishable goods by selling older stock first.

使用后进先出 (FIFO)策略可以通过优先销售旧库存来减少易腐物品的浪费。

4.During the training session, we discussed how the last-in first-out (FIFO) method impacts financial reporting.

在培训会上，我们讨论了后进先出 (FIFO)方法如何影响财务报告。

5.The software we implemented tracks inventory using a last-in first-out (FIFO) approach, making it easier to manage stock levels.

我们实施的软件使用后进先出 (FIFO)方法跟踪库存，使管理库存水平变得更加容易。

作文

In today's fast-paced world, understanding inventory management and accounting methods is crucial for businesses to operate efficiently. One of the most important concepts in this realm is the method known as last-in first-out (FIFO). This method dictates that the most recently acquired items are the first to be sold or used. Essentially, it assumes that the last items added to inventory are the first ones to leave it. This approach can have significant implications for a company's financial statements, tax liabilities, and inventory valuation.The last-in first-out (FIFO) method is particularly useful in industries where products have a limited shelf life, such as food and pharmaceuticals. For instance, a grocery store using this method ensures that the newest stock is sold before older stock, thereby reducing waste and ensuring that customers receive fresh products. In this case, applying the last-in first-out (FIFO) method not only helps maintain product quality but also enhances customer satisfaction.From an accounting perspective, the last-in first-out (FIFO) method can lead to different financial outcomes compared to other inventory valuation methods, such as first-in first-out (FIFO) or weighted average cost. During periods of inflation, for example, using the last-in first-out (FIFO) method will result in lower cost of goods sold (COGS) because the latest, higher-priced inventory is sold first. Consequently, this leads to higher taxable income and, ultimately, higher taxes. Conversely, in times of deflation, the last-in first-out (FIFO) method may result in lower profits since older, cheaper inventory is sold first.Moreover, the last-in first-out (FIFO) method can impact cash flow management. Businesses need to consider how their inventory management strategies align with their cash flow needs. By utilizing the last-in first-out (FIFO)last-in first-out (FIFO) method has its advantages, it is essential to recognize its limitations. For example, if a company consistently relies on this method without considering market changes, it may face challenges in accurately reflecting the true value of its inventory. Additionally, businesses must stay informed about the regulatory environment, as different countries may have varying rules regarding inventory valuation methods.In conclusion, the last-in first-out (FIFO) method is a powerful tool in inventory management and accounting that can offer numerous benefits when applied correctly. It helps businesses maintain product quality, manage cash flow, and navigate the complexities of financial reporting. However, organizations must weigh the pros and cons of using this method against their specific operational needs and market conditions. By doing so, they can make informed decisions that enhance their overall efficiency and profitability.

在当今快节奏的世界中，理解库存管理和会计方法对企业高效运作至关重要。其中一个重要概念是被称为后进先出（FIFO）的方法。该方法规定最新获得的商品是最先被出售或使用的。基本上，它假设最后添加到库存的物品是首先离开的。这种方法对公司的财务报表、税务负担和库存估值可能产生重大影响。后进先出（FIFO）方法在产品保质期有限的行业中特别有用，例如食品和药品。例如，使用这种方法的杂货店确保新库存在旧库存之前出售，从而减少浪费并确保客户收到新鲜的产品。在这种情况下，应用后进先出（FIFO）方法不仅有助于维护产品质量，而且提高了客户满意度。从会计的角度来看，后进先出（FIFO）方法可能导致与其他库存估值方法（如先进先出（FIFO）或加权平均成本）相比，不同的财务结果。例如，在通货膨胀期间，使用后进先出（FIFO）方法将导致较低的销售成本（COGS），因为最新的、价格较高的库存首先被出售。因此，这导致应税收入较高，最终税额也较高。相反，在通货紧缩时期，后进先出（FIFO）方法可能导致利润较低，因为较旧、较便宜的库存首先被出售。此外，后进先出（FIFO）方法还会影响现金流管理。企业需要考虑其库存管理策略与现金流需求之间的关系。通过利用后进先出（FIFO）方法，公司可能会发现，在通货膨胀期间，其现金流更为健康，因为它们首先出售成本较高的商品，并可能将这些资金再投资于新库存或其他运营需求。然而，尽管后进先出（FIFO）方法具有其优势，但必须认识到其局限性。例如，如果一家公司持续依赖这种方法而不考虑市场变化，它可能会面临准确反映其库存真实价值的挑战。此外，企业必须关注监管环境，因为不同国家对库存估值方法可能有不同的规定。总之，后进先出（FIFO）方法是库存管理和会计中的一种强大工具，当正确应用时可以提供许多好处。它帮助企业维护产品质量、管理现金流，并应对财务报告的复杂性。然而，组织必须根据其特定的运营需求和市场条件权衡使用此方法的利弊。通过这样做，他们可以做出明智的决策，增强整体效率和盈利能力。