Structures, relative energies, and bonding characteristics for various conformers of 3-imino-N-(oxoboryl)prop-1-en-1-amine, HN=CH−CH=CH−NH−BO, and the corresponding borocycle (−HN=CH−CH=CH−NH−B−)O are discussed using results from second-order Møller-Plesset (MP2) perturbation theory with the Dunning-Woon correlation-consistent cc-pVDZ, aug-cc-pVDZ, and cc-pVTZ basis sets. These MP2 results are compared to those from computationally-efficient density functional theory (DFT) calculations using the LDA, PBE, TPSS, BLYP, B3LYP, BVP86, OLYP, O3LYP, and PBE1PBE functionals in conjunction with the economical Pople-type 6−311+ +G(d,p) basis set, to evaluate the suitability of these DFT/6−311++G(d,p) levels for use with larger boron-containing systems. The effects of an aqueous environment were incorporated into the calculations using COSMO methodology. The calculated boron-oxygen bond lengths, orbital compositions, and bond orders in all the (acyclic) HN=CH−CH=CH−NH−BO conformers were consistent with the presence of a boron-oxygen triple bond, similar to that found in H−B≡O and H 2 N−B≡O. The (−HN=CH−CH=CH−NH−B−)O borocycle is predicted to be planar (C 2v symmetry) and it is ~30 kcal/mol lower in energy than any of the (acyclic) HN=CH−CH=CH−NH−BO conformers; the boron-oxygen bond in this borocycle has significant double bond character, a bonding scheme for which there has been only one experimental structure reported in the literature