In computer science, it means Last in, First out. More commonly known as Filo ("first in, last out").
LIFO stands for Last In First Out. Ex: Stack
The LIFO acronym stands for last in, first out. This is usually is the first saying that comes from the military for the type of work they do. Another acronym comes from a shipping standpoint which stands for liner in, free out.
Lifo Fifo
what is the difference beyween lifo and fifo
a decrease in the LIFO reserve is subtracted from LIFO cost of goods sold.
fifo
Indicates the effect on income if LIFO were not used.
b
FIFO First in first out LIFO Last in last out
LIFO Reserve
There is pretty much only 1 advantage of LIFO: tax deferral.
LIFO and stack are synonyms, so are FIFO and queue.