first in, first out

Norwegian translation: først inn - først ut

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:first in, first out
Norwegian translation:først inn - først ut

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13:08 Aug 12, 2009
English to Norwegian translations [PRO]
Bus/Financial - Retail
Additional field(s): Accounting
English term or phrase: first in, first out
Definition from About.com: Retailing:
A method of stock rotation in which goods that are received first are sold first. Newly received product is stocked behind the older merchandise.

Example sentence(s):
  • Raw materials and ingredients should be stored and handled under suitable conditions to prevent spoilage, contamination and damage. Stocks of raw materials and ingredients should be properly rotated to ensure that the first-in-first-out principle is followed. Hong Kong FEHD
  • Follow rotational policies closely. Seafood always should be handled on a 'first in, first out' basis. This is particularly critical for fresh seafood because of shorter shelf life, but it also should be applied to frozen product display cases. Alaska Seafood Marketing Institute
  • Sell the earliest deliveries first - a frequent delivery service from one distributor will help to maintain the first in - first out arrangement. FAO CORPORATE DOCUMENT REPOSITORY
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først inn - først ut
Definition:
Som regnskapsprinsipp: Hvis identiske formuegjenstander som ble anskaffet på ulike tidspunkt, realiseres på ulike tidspunkt, anses den formuegjenstanden som først var anskaffet, for å være realisert først.

Det samme begrepet brukes i varehandelen.
Selected response from:

Bjørnar Magnussen
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Summary of translations provided
4 +2først inn - først ut
Bjørnar Magnussen


  

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12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
først inn - først ut


Definition from Skatteloven:
Som regnskapsprinsipp: Hvis identiske formuegjenstander som ble anskaffet på ulike tidspunkt, realiseres på ulike tidspunkt, anses den formuegjenstanden som først var anskaffet, for å være realisert først.

Det samme begrepet brukes i varehandelen.

Example sentence(s):
  • Først inn - Først ut. Dette betyr i praksis at det tauet som først ankommer lager, skal først ut fra lager. ... - carlstahl  
Bjørnar Magnussen
Local time: 18:17
Native speaker of: Native in NorwegianNorwegian
PRO pts in category: 25

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Per Bergvall: FIFO works well too.
30 days

Yes  ECCommunication
30 days
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