Other comprehensive income
In accounting, other comprehensive income means gains and losses that bypass net income by standard — translation adjustments, unrealized gains on available-for-sale debt securities, cash-flow hedges, pension remeasurements — accumulated in AOCI within equity.
- Layer
- Lexicon
- Defined in
- Lexicon
- Also called
- OCI
- Nearby
- 1
Authority
This definition follows ASC 220-10.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Other comprehensive income, in use
Quoted from the document that use the word — what it does to an interface, in the spec's own sentence.
That same entity's statements translated into a GBP-presentation group produce a CTA in OCI that bypasses the P&L until the foreign operation is sold or substantially liquidated, when it is reclassified to earnings.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- other income
Components that render the terms it depends on
No component names this concept outright. Its definition is built out of terms that are named. These render translation, net income, equity.
7Dashboard & charts
Family spec12Close, controls & consolidation
Family spec13Metrics & analysis
Family specNearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
7Dashboard & charts
Family specTerms this one depends on
- TranslationConverting an entity's functional-currency statements into the presentation currency — assets and liabilities at the closing rate, income and expense at average — with the difference recorded in OCI as the CTA
- Net incomeRevenues and gains less expenses and losses, including income tax, for the period — the bottom line of the P&L, before any allocation to non-controlling interests
- EquityThe residual interest in the assets that remains after deducting liabilities (FASB CON 8 ¶E61)
Also in Statements
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.