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    Question

          What does the acronym "OCI" stand for in

    accounting and financial reporting?
    A Operational Cash Inflows Correct Answer Incorrect Answer
    B Other Comprehensive Income Correct Answer Incorrect Answer
    C Outstanding Corporate Investments Correct Answer Incorrect Answer
    D Overhead Cost Incurred Correct Answer Incorrect Answer

    Solution

    The full form of OCI is "Other Comprehensive Income." Other Comprehensive Income refers to items of income and expenses that are not recognized as a part of the profit and loss account This Income appears as a line item below the income statement.  In simple words it is gain or loss that has not been realized.

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