Australia’s biggest provider of food and accommodation services to remote mining sites remains loss-making after hiring 900 ...

Discover the importance of LIFO Reserve in accounting, including its calculation, comparison with FIFO, and impact on taxes. Learn how it improves financial analysis.

Discover how HIFO inventory accounting contrasts with LIFO and FIFO methods, and why it impacts COGS and taxable income, despite not being recognized by GAAP.

FIFO (first in, first out) and LIFO (last in, first out) are inventory management and accounting techniques designed to add consistency to the sales and accounting functions of business, respectively.

Even when the amount of unreads isn't overwhelming, your choice can determine how your workday will go. In general, you ...

Determining the value of inventory is an important part of accounting. In order to calculate the profit on a sale, a cost must be assigned to the item sold. A business that is selling large amounts of ...

Western Australia's fly-in fly-out (FIFO) workers are not getting enough rest, according to scientists behind the world's largest study of its kind. The study found FIFO workers were "barely scraping" ...

Perth’s construction market is booming, with demand for skilled tradies pushing up wages and tempting FIFO mining workers to ...

The 23-year-old was staying at Red Dog Village in northwest WA There could be a higher mental health risk in the industry A 23-year-old fly-in-fly-out (FIFO) worker has taken his life at a mining camp ...

Jordan Dowsett works a 12-hour shift as a FIFO worker and claims to get a week's pay in a single day. (Source: TikTok) A FIFO worker who claims to earn a whole week’s pay in a single day has shared a ...

Under the FIFO system, applications are processed strictly in the order in which they are received on the online portal ...