NIFO method

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• Next-In, First-Out - NIFO — A method of valuation where the cost of a particular item is based upon the cost to replace the item rather than on it’s original cost. This form of valuation is not one of the generally accepted accounting principles (GAAP) because it is… …   Investment dictionary

• next-in first-out — NIFO An inventory valuation method that allocates replacement or *current costs to *cost of sales. NIFO is unacceptable under most forms of *Generally Accepted Accounting Principles, though it may be a valuable costing technique in times of high… …   Auditor's dictionary

• next-in-first-out cost — NIFO cost A method of valuing units of raw material or finished goods issued from stock by using the next unit price at which a consignment will be received for pricing the issues. It is effectively using replacement cost as a stock valuation… …   Accounting dictionary

• next-in-first-out cost — NIFO cost A method of valuing units of raw material or finished goods issued from stock by using the next unit price at which a consignment will be received for pricing the issues. It is effectively using replacement cost as a stock valuation… …   Big dictionary of business and management

• next-in, first-out — (NIFO) An inventory valuation method whereby the cost of goods sold is based on the replacement cost, rather than the actual cost of the goods. This method is not a generally accepted accounting principle; therefore it is not commonly used. See… …   Black's law dictionary

• next-in, first-out — (NIFO) An inventory valuation method whereby the cost of goods sold is based on the replacement cost, rather than the actual cost of the goods. This method is not a generally accepted accounting principle; therefore it is not commonly used. See… …   Black's law dictionary

• atomism — atomist, n. atomistic, atomistical, adj. atomistically, adv. /at euh miz euhm/, n. 1. Also called atomic theory. Philos. the theory that minute, discrete, finite, and indivisible elements are the ultimate constituents of all matter. 2. Psychol. a …   Universalium

• History of Physics —     History of Physics     † Catholic Encyclopedia ► History of Physics     The subject will be treated under the following heads: I. A Glance at Ancient Physics; II. Science and Early Christian Scholars; III. A Glance at Arabian Physics; IV.… …   Catholic encyclopedia

• List of philosophy topics (I-Q) — II and thou I Ching I Ching I proposition I Thou I Thou relationshipIaIamblichus (philosopher)IbYahya Ibn Adi Yahya Ibn Adi Ibn al Arabi Muhyi al Din Ibn al Arabi Abu Bakr Ibn Bajja Abu Bakr Ibn Bājja Abu Bakr Muhammad Ibn Yahya Ibn as Say igh… …   Wikipedia

• Nondualism — is a term used to denote affinity, or unity, rather than duality or separateness or multiplicity. In reference to the universe it may be used to denote the idea that things appear distinct while not being separate. The term nondual (meaning not… …   Wikipedia

• Aristotelianism — /ar euh steuh teel yeuh niz euhm, tee lee euh , euh ris teuh /, n. 1. the philosophy of Aristotle. 2. emphasis upon deduction and upon investigation of concrete and particular things and situations. [1835 45; ARISTOTELIAN + ISM] * * *… …   Universalium