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    #1

    "Be accounted for prospectively" means?

    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,

  1. bhaisahab's Avatar
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    #2

    Re: "Be accounted for prospectively" means?

    It doesn't make any sense to me.

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