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      • Native Language:
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    • Join Date: Oct 2013
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    "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?


  1. bhaisahab's Avatar
    • Member Info
      • Native Language:
      • British English
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      • England
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      • Ireland

    • Join Date: Apr 2008
    • Posts: 26,035

    Re: "Be accounted for prospectively" means?

    It doesn't make any sense to me.

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