Definition of OCI in accounting?
submitted by OCI

sheery

OCI is Other Comprehensive Income. It's certain gains and losses that aren't included in net income on the income statement, but are recorded directly in equity under the shareholders' equity section of the balance sheet.

OCI usually includes things like unrealized gains or losses on securities, foreign currency adjustments, and certain pension plan adjustments. They're recognized in the period they occur in, but don't actually impact net income right away.

williamroderick

OCI means Other Comprehensive Income.

It's the company's gains and losses that aren't included in the regular profit and loss statement. Instead, these are recorded directly in the equity section of the balance sheet. You might include things like investments that you haven't sold yet. They've got a profit or loss attached to them, but you haven't realized them yet. If you hold foreign currency, as mentioned by another commenter, that could change value, which will result in a profit or loss when you actually exchange that back to your own currency. That can happen when you do business outside the country.