OCI is a routing outcome. The underlying Topic establishes the economic item, measurement, and whether the period change enters net income, OCI, or another location. Topic 220 governs the presentation of that outcome.
A list of familiar OCI categories can help with retrieval, but it is not a decision method. Investments, foreign-currency matters, derivatives, and postretirement benefits each contain scope and measurement distinctions. A learner should be able to trace the exact item, not merely associate a chapter title with OCI.
Follow the full path
Record the beginning carrying amount, AOCI balance, and current-period change. Separate the portions recognized in net income and OCI. Add the tax effect, ending carrying amount, ending AOCI, reclassification, and ownership attribution. A schedule that ties only OCI can still double count an amount or leave equity unreconciled.
ASC 220-10-45-10A lists the items that current GAAP places in OCI. Use the list to confirm a conclusion reached under the item's governing Topic. Then apply ASC 220-10-45-11 to identify whether the components appear net of tax or before tax with one aggregate tax amount.
Put the concept to work
Understand this concept
- Explain why OCI is a topic-specific presentation category rather than a general bucket for unrealized, noncash, estimated, volatile, or unusual items.
Analyze this concept
- Analyze an OCI component from underlying Topic and period measurement through tax presentation, current OCI, AOCI movement, possible reclassification, and statement and note location.
Learning resources
Choose a lesson, try an application, or inspect the sources behind this concept.
Build on these ideas
- Comprehensive income — Understand
To understand this concept: Required. OCI is the component that bridges net income to comprehensive income.
- Other comprehensive income — Understand
To analyze this concept: Required. The path begins by establishing that specific guidance excludes the component from current net income.
Lessons
Worked examples and cases
Practice
Common mistaken ideas
Sources
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Related concepts
Show 1 more related concepts
Use this idea next
- Accumulated other comprehensive income — Understand
Required level here: understand. Required. AOCI accumulates period OCI components after specified movements.
- Available-for-sale debt security — Analyze
Required level here: understand. Required. The noncredit layer has a distinct reporting destination.
- Other comprehensive income — Analyze
Required level here: understand. Required. The path begins by establishing that specific guidance excludes the component from current net income.
Show 1 more next steps
- Reclassification adjustment — Understand
Required level here: understand. Required. The learner must first know why an amount was presented outside net income.
Used in these readings
These chapters explain or apply this concept. The label states how the chapter uses it.