when other current assets oca are discussed information will be provided in the footnotes to the financial statements explanations may be necessary for example when there is a notable change in other current assets oca from one period to the next 
other current assets oca are expected to be disposed within a year or to mature into another form thus the value of a company s other current assets oca may vary greatly from year to year depending on the health of the company and how it spends its money it is useful to determine how material these assets are as they may distort a firm s liquidity if the funds in oca grow to a material amount it may include one or more assets that would need to be reclassified into one or more of the major defined current assets accounts in effect when funds in oca grow to a significant level the account becomes important enough to be listed separately and added to one of the major current accounts on the balance sheet this provides insight for anyone reviewing the company s balance sheet since the nature of the recorded items will be better understood 