Stocks, gains/losses, do I really have to calculate them by hand?

[David Gillam]

Let's not forget the ubiquitous "GIGO" (Garbage In, Garbage Out)!  This usually is a term calling for data input validation.

Cheers!

David
Gillam Data Services, Inc. - Computer Training, Consulting, & Service
dave at davegillam.com | www.davegillam.com | 214-543-2788



On Apr 26, 2012, at 8:45 AM, John Ralls wrote:

> 
> On Apr 26, 2012, at 5:54 AM, prl wrote:
> 
>> On 26/04/12 20:11, Fredrik Persson wrote:
>>> I am not familiar with the abbreviation "FIFO" (at first I assumed you mean
>>> First-In First-Out, a programmer term). LIFO, what is that? (I am not
>>> american, so I've never run into these abbreviations.)
>>> 
>> FIFO = First In First Out
>> LIFO = Last In First Out
>> 
>> And yes, they're both programming terms. FIFO is in queue order (earliest to enter the queue is processed next), LIFO is stack order (latest to enter the stack is processed next).
>> 
> 
> They're accounting terms as well. One use is how one charges costs of goods sold from raw material inventory -- where LIFO is commonly applied. 
> 
> Regards,
> John Ralls
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