Final answer:
In accounting and finance, present value calculations exclude receivables that don't meet certain recognition criteria, especially regarding their collectability, timing, and certainty.
Step-by-step explanation:
The profession, likely referring to fields such as accounting or finance, specifically excludes from present value considerations receivables arising from specific scenarios that do not meet certain criteria for recognition. The concept of present value is central to the field of finance and is an important part of determining the value of future cash flows in today's terms. Receivables might be excluded if they are unlikely to be collected, if they are for goods or services yet to be provided, or if they pertain to other contingent events. It is critical to assess the collectability, timing, and certainty of cash flows when calculating present value.