what are other current assets oca 
other current assets oca is a category of things of value that a company owns benefits from or uses to generate income that can be converted into cash within one business cycle they are referred to as other because they are uncommon or insignificant unlike typical current asset items such as cash securities accounts receivable inventory and prepaid expenses the oca account is listed on the balance sheet and is a component of a firm s total assets understanding other current assets oca assets are broken down on the balance sheet as either fixed assets or current assets fixed assets are typically long term tangible pieces of property such as buildings computer equipment land and machinery that a firm owns and uses in its operations to generate income they have useful lives that span over a year and are not liquid current assets on the other hand are all the assets of a company that are expected to be conveniently sold consumed utilized or exhausted through standard business operations they can easily be liquidated for cash usually within one year and are considered when calculating a firm s ability to pay short term liabilities examples of current assets include cash and cash equivalents cce marketable securities accounts receivable inventory and prepaid expenses current assets that are uncommon will not fall into one of the defined categories listed above instead these assets will be lumped together into a generic other category and recognized as other current assets oca on the balance sheet sometimes one off situations explained in a company s 10 k filings will result in recognizing other current assets oca because these assets are rarely recorded or are insignificant the net balance in the oca account is typically quite small examples of other current assets oca include real world example of other current assets oca for the quarter ending march 31 2019 microsoft corp msft recorded total assets of 263 28 billion on its balance sheet of this total 61 were attributed to current assets as you can see in the table above other current assets oca made up a small proportion of the 159 89 billion of current assets they were listed at 7 05 billion meaning they accounted for just 4 of the company s liquid assets special considerationsmicrosoft did not provide a clearer breakdown of its other current assets oca in its latest 10 q and 10 k statements because they represent a limited source of liquidity for a company and may not have a significant impact on a business s overall financial situation not adding more detailed information on them is common 