Domestic companies shall recognize estimated liabilities in accounting and reflect them in reports. Estimated liabilities are expected debts with uncertain terms and execution time. In case the term of implementation of such liability exceeds one year, the company shall discount it. This requirement is established by the Russian Accounting Standards (PBU) 8/2010. The document, however, does not provide any specific practical recommendations which would allow an accountant to establish a discount rate and carry out the procedure.