"Be accounted for prospectively" means?

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ZOEYW

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Oct 30, 2013
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Hey there,

Here is the sentence: "A change in accounting estimate is accounted for prospectively."

I looked up the phrase "account for" meaning to explain; however, for this sentence it does not make any sense to me. Can anyone try to explain the meaning of the sentence for me?

Thanks,
 

bhaisahab

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It doesn't make any sense to me.
 
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