Last in first out and Monetary: Difference between pages

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imported>Administrator
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imported>Doug Williamson
(Expand first definition.)
 
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(LIFO).  
1.
1. ''Accounting''.
 
A method of allocating stock for valuation purposes which assumes that the stock acquired or produced last is used first.
Relating to money, particularly the supply of, and confidence in, the official central currency.
 
Government monetary policies are often contrasted with, or combined with, fiscal policies.
 


2.  
2.  
A method of selecting staff to be made redundant, the most recently joined staff being the first to be selected for redundancy.


== See also ==
''Financial reporting''.
* [[First in first out]]
 
Amounts held - or to be received or paid - in a fixed or readily determinable amount of money.
 
Contrasted with 'non-monetary' items such as property, plant and equipment.
 


==See also==
*[[European Economic and Monetary Union]]
*[[Fiscal]]
*[[International Monetary Fund]]
*[[Monetary policy]]
*[[Monetary stability]]
*[[Money]]
*[[Non-monetary items]]

Revision as of 19:17, 14 April 2019

1.

Relating to money, particularly the supply of, and confidence in, the official central currency.

Government monetary policies are often contrasted with, or combined with, fiscal policies.


2.

Financial reporting.

Amounts held - or to be received or paid - in a fixed or readily determinable amount of money.

Contrasted with 'non-monetary' items such as property, plant and equipment.


See also