[ItsAccrualWorldOutThere]

Becker, along with the rest of the accounting world, can’t seem to make up their mind whether items in OCI/AOCI are reported at gross values or net of tax. I constantly run into conflicting questions and information all over the place in regards to this. Some questions in Becker will ask the same question: “What will AOCI show from this transaction.” I’ve been marked wrong for not selecting a number net of tax, yet the same question arises in other parts (still US GAAP) without a tax rate to use. Don’t get it.

Not to mention several journal entries I’ve seen debit/credit OCI with zero regard to tax rates. What’s the deal here?

[Anonymous]

OCI items are always net of tax. In questions that don't take into consideration tax, I'm sure it must be specified in the question itself to disregard the tax effect.

[Anonymous]

OCI items are always net of tax. In questions that don't take into consideration tax, I'm sure it must be specified in the question itself to disregard the tax effect.

[Author]

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