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...
The International BaccalaureateÂ® (IB) chooses to define international education according to the following criteria. 1  Developing citizens of the world in relation to culture, language and learning to live together. 2  Building and reinforcing studentsâ sense of identity and cultural awareness.