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The premium account balance of $1,246 is amortized against interest expense over the twenty interest periods. Unlike the discount that results in additional interest expense when it is amortized, the amortization of premium decreases interest expense. The total interest expense on these bonds will be $10,754 rather than the $12,000 that will be paid in […]

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Familiarity with accounting software and finance programs may also increase your prospects. The type of skills expected by young graduates in accounting is moving increasingly into the technology area. The AICPA’s new model for CPA licensure (CPA Evolution) recognizes the important role that technology has had, and will continue to have, on the accounting profession.