IMPELEMENTASI METODE FIRST IN FIRST OUT (FIFO) PADA APLIKASI JUAL BELI ASSET DIGITAL BERBASIS ANDROID

Abstract

Digital assets are all forms and types that exist in a digital format and have an exchange rate that can be categorized as digital assets, one of which is cryptocurrency which can be interpreted as a development revolution for currencies made in digital form. Currently, cryptocurrencies can be traded or stored according to the wishes of the cryptocarency voters. Blockchain technology, for example, is currently very attractive because it offers several provisions including an innovative platform for decentralization and transparency to be used as a new transaction mechanism in companies and businesses.

This technology feature increases the company's confidence through transparency in every transaction of data, goods and financial resources. In this study, the implementation of the FIFO method in the digital asset sale and purchase application, the FIFO method is a method where the first goods/assets that enter means that the goods/assets are the first to come out. With this method, the cost of inventory can be calculated based on the number of assumptions accepted that the assets to be sold or used alone and the remaining in the inventory can represent the last purchase or production stored.

The implementation of the FIFO Method on the application of buying and selling digital assets is very appropriate because it can determine the cost basis of the digital assets to be sold or purchased. As explained above, a rational methodology for identifying digital assets to be sold or purchased and applying them consistently is the FIFO method.