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What is OCI? Definitions of Case Findings The Office of the Chief Investigator (OCI) serves as the investigative staff for the Detroit Board of Police Commissioners (BPC). The OCI directs the process
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OCI stands for Other Comprehensive Income. It includes items that do not flow through the income statement but are instead posted directly to equity.
Any entity that prepares financial statements in accordance with accounting standards that require reporting of OCI, such as public companies.
To fill out OCI, you must first identify the items that fall under OCI according to accounting standards, then record these items in the appropriate section of the financial statements.
The purpose of OCI is to provide a comprehensive view of an entity's financial performance and position by including items that affect equity but do not impact net income.
Items such as unrealized gains/losses on available-for-sale securities, foreign currency translation adjustments, and pension obligations are commonly reported in OCI.
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