Other comprehensive basis of accounting

Other comprehensive basis of accounting (OCBOA) in United States accounting refers to a system of accounting other than GAAP. As explained in the Journal of Accountancy, Under Statement on Auditing Standards (USA) No. 62, Special Reports, an OCBOA is any one of

In situations where GAAP-basis statements aren’t necessary because of loan covenants, regulatory requirements or similar circumstances, an OCBOA may just be the answer.

See also


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