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 definition of international business as the opening case study on google suggests international business relates to any situation where the production or distribution of goods or services crosses country bordersglobalizationthe shift toward a more interdependent and integrated global economyhis broader definition of international business also encompasses for profit border crossing transactions as well as transactions motivated by nonfinancial gains e g triple bottom line corporate social responsibility and political favor that affect a business s future