"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,
 
It doesn't make any sense to me.
 
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