Selling mutual funds? Choose the right cost basis method to manage taxes efficiently and maximize your gains. Explore ...

Wondering about FIFO vs LIFO? Learn about the two inventory valuation methods and which one is best for you. Many, or all, of the products featured on this page are from our advertising partners who ...

FIFO (first in, first out) and LIFO (last in, first out) are inventory management and accounting techniques designed to add consistency to the sales and accounting functions of business, respectively.

FIFO indicates first in first out which means the mutual fund units bought first are sold first. Based on this phenomenon, ...

Home Depot, Inc. announced a key change in accounting principals in its third quarter filing with the SEC. After adopting a new enterprise resource planning system, otherwise known in the ...

The Central Board of Revenue (CBR) has conveyed to the exporters that the policy of 'First in First out' (Fifo) will be adopted for sanctioning of refund of sales tax paid on stocks under SRO ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

What accounting method do you use to value your inventory? The inventory valuation method you choose can affect amount of taxes you pay the government. Got your attention now? LIFO and FIFO are the ...