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,[1] under Statement on Auditing Standards (United States) 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.
This accounting-related article is a stub.
You can help Wikipedia by expanding it.