To record the adjusting entries for a prepayment at the end of an accounting period, debit the related, actual expense account to denote the expense recognition, and credit the asset account of the prepaid expense to reduce its outstanding balance.
International integration is a financial concept in which countries have an ever greater number of financial transactions, investments and interests outside their borders.Through financial integration, nations become increasingly financially interdependent.efine Integration in Corporate Communication. ... International integration is a financial concept in which countries have an ever greater number of financial...
International Exchange Rate Law & Legal Definition. An international exchange rate, also known as a foreign exchange (FX) rate, is the price of one country's currency in terms of another country's currency.Foreign exchange rates are relative and are expressed as the value of one currency compared to another.When selling products internationally, the exchange rate for the two trading countries' currencies is an important factor.oreign exchange rates are relative and are expressed as the value of one currency compared to another. When selling products internationally, the exchange rate for the two trading countries' currencies is an important factor.