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forward-looking correction

[ˈfɔrwərd ˈlʊkɪŋ kəˈrɛkʃən]
nounpl: forward-looking corrections
correção prospectiva
1. A financial or accounting adjustment made to account for future expected changes or conditions, rather than only correcting past errors
The company implemented a forward-looking correction to adjust its revenue projections based on anticipated market trends.
A empresa implementou uma correção prospectiva para ajustar suas projeções de receita com base nas tendências de mercado antecipadas.
2. In financial statements, a proactive restatement or adjustment that anticipates future obligations or liabilities
The bank made a forward-looking correction to reserve funds for potential loan defaults.
O banco fez uma correção prospectiva para reservar fundos para possíveis inadimplências de empréstimos.
Synonyms
proactive adjustmentprospective correctionanticipatory adjustmentfuture-oriented correction
Antonyms
backward-looking correctionretroactive adjustmenthistorical correction

Regional Variations

General Brazilian
correção prospectiva
Standard term used in financial and accounting contexts
São Paulo
correção prospectiva
Commonly used in business and finance sectors
Portugal
correção prospetiva
Portuguese spelling variant of prospective

Related Idioms & Phrases

getting ahead of the curve
anticipating market conditions
proactive financial management
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