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...
Cultural integration typically refers to cultural globalization. Globalization is a process that includes the interaction and integration of people, companies and governments of different nations. It is driven by an increased interconnection among countries in areas of economics, politics and culture, as well as international trade and investments.