AOCI

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AcronymDefinition
AOCIAccumulated Other Comprehensive Income
AOCIAirport Operators Council International (now Airports Association Council International)
AOCIAirborne Ocean Color Imager
AOCIAirfield Operations Compliance Inspection (US Air Force)
AOCIAccredited Off-Campus Instruction
AOCIAdoption Option Committee, Inc. (Minneapolis, MN)
AOCIAirport Operations Council International
AOCIAmerica's O'Club of Industry (military networking organization)
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References in periodicals archive ?
The FRC noted that any shortcoming in the reporting of OCI has been caused "by the lack of any clear articulation of the concept behind other comprehensive income" and that "the Boards at some point should more holistically address the concept of OCI." The Committee also submitted a letter to the FASB in 2011 regarding ASU 2011-05 (http://bit.ly/2edHMde) in which it addressed the reclassification of items out of Accumulated Other Comprehensive Income.
As discussed in Deloitte & Touche, LLP Practice Alert 13-2, Comprehensive Income: Implementation Considerations During Initial Year of Adoption of ASU 2013-02, ASC 270-10-50-1 (as amended by ASU 2013-02) requires publicly traded companies that report summarized financial information at interim dates, to report at a minimum, the information about changes in accumulated other comprehensive income required by paragraphs 220-10-45-14A and 220-10-45-17 through 45-17B.
2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, An Amendment of the FASB Accounting Standards Codification.
The second entry reclassifies the amortization items from accumulated other comprehensive income to periodic pension cost, and the third entry adjusts the pension liability and accumulated other comprehensive income for the difference in actual pension returns above expectations during the year.
To illustrate the various alternatives for reporting and displaying comprehensive income, assume the following information for Wilson Company: (1) At December 31, 1996, Wilson Company had the following available for sale securities: Security Cost Fair Value A $20,000 $25,000 B 40,000 37,000 C 45,000 52,000 (2) Accumulated other comprehensive income (net of tax) at December 31, 1996: Unrealized gain on available for sale securities $ 6,300 Foreign currency translation adjustment (debit) $21,000 Minimum pension liability adjustment $42,000 (3) Accumulated other comprehensive income (net of tax) at December 31, 1997: Unrealized gain on available for sale securities $ 4,900 Foreign currency translation adjustment (debit) $35,000 Minimum pension liability adjustment $31,500
* For each period a statement of financial position is presented, the amount of net actuarial gain or loss and the prior service cost and credit must be included in accumulated other comprehensive income.
130 uses the term "accumulated other comprehensive income" to refer to the aggregate amount of a company's other comprehensive income components and requires that amount be reported in the equity section of the balance sheet separately from retained earnings, paid-in capital, and other nonincome equity accounts.
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