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Foreign Supplier
A business based in another country that provides goods or services to companies or consumers in a different nation.
Currencies
Different systems of money in use, recognized by various countries or regions for the exchange of goods, services, or debt.
LIFO Reserve
A LIFO reserve is an accounting metric that companies use to account for the difference in cost of goods sold (COGS) calculated using the Last-In, First-Out (LIFO) method and another inventory accounting method, often the First-In, First-Out (FIFO) method.
FIFO
A stock control method where the oldest inventory items are sold first, ensuring that the cost of inventory matches the actual flow of goods.
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