Tag Archives: AAT Level 4 Fin St

What is OCI?

OCI stands for “other comprehensive income”.  Students are expected to be as comfortable with this terminology as they are with “asset”, “liability”, “revenue” or “profit” and yet often they are not.  This isn’t necessarily the student’s fault.  It’s often introduced in a minor way in low level papers and so not much attention is paid to it.  It then becomes assumed knowledge at the next level and so isn’t properly explained.  Understanding it falls through the gap.  Continue reading