Advice for a successful career in the accounting profession : how to make your assets greatly exceed your liabilities / Jerry Maginnis.

Author
Maginnis, Jerry [Browse]
Format
Book
Language
English
Εdition
Second edition.
Published/​Created
  • Hoboken, New Jersey : John Wiley & Sons, Incorporated, [2021]
  • ©2021
Description
1 online resource (178 pages)

Details

Subject(s)
Series
ProQuest Ebook Central. [More in this series]
Summary note
Practical guidance to optimize the benefits of your accounting degree--no matter what stage of your career! Originally conceived and designed to provide helpful advice to college and university accounting majors and early-career professionals, this book evolved into a valuable resource for those groups as well as others who may be further along in their accounting careers. It contains many practical examples and real-life experiences from a long and successful career in the profession that you won't find in any accounting, auditing, or tax textbook. And it is written in a fun and engaging style with a simple goal in mind: to share lessons learned and insights that will help accountants of all ages optimize their career opportunities! Jerry Maginnis, CPA, the former Office Managing Partner for the Philadelphia office of KPMG, one of the "Big Four" Accounting Firms, currently serves as the "Accounting Executive in Residence" at Rowan University in Southern New Jersey. In this role, he has counseled and mentored dozens of students and early career professionals. The book leverages Jerry's real-world experience and his advice and counsel is delivered in a fashion that will make you feel like you are having a one on one conversation with him! Readers will also enjoy: Advice delivered concisely: each chapter is succinct and provides essential takeaways and action plans for all points in a career A guidebook that is efficiently organized into three sections--for college and university students, for early-career professionals, for accountants of all ages and experience levels--allowing the reader to focus on the sections that are most applicable to them An excellent refresher or reminder of concepts or principles that are important to even the most successful and experienced accountants Loaded with "real world" tips and techniques, Advice for a Successful Career in the Accounting Profession is an ideal resource for accountants and auditors, tax and advisory professionals, and University professors and high school instructors teaching Accounting, undeclared business majors, underrepresented populations, and students aspiring to become CPAs.
Notes
Includes index.
Source of description
Description based on print version record.
Contents
  • Cover
  • Title Page
  • Copyright Page
  • Contents
  • Introduction
  • Why I Wrote This Book (And How to Get the Most Out of It)
  • Section One: Navigating Your Route to a Rewarding Accounting Career
  • Chapter 1: Why Accounting Is a Great Profession
  • Key Takeaway
  • Challenging Work
  • A Pathway to Other Opportunities
  • Seat at the Table
  • Financial Rewards
  • Flexibility
  • Purpose-driven Rewards
  • But What's the Bottom Line?
  • Myth-Accountants Are Introverts
  • How I Chose Accounting
  • Food for Thought
  • Chapter 2: Is Becoming a CPA the Right Path for You?
  • What Is the Difference Between a Regular Accountant and a CPA?
  • How Do I Decide Whether to Pursue 150 Credit Hours?
  • Timing
  • Myth-The CPA Exam Is Too Hard and Not Worth the Effort
  • The CPA Evolution Project
  • Other Credentials
  • Is That It?
  • What About Advanced Degrees?
  • Return on Investment (ROI)
  • So, What's My Advice?
  • My Experience Pursuing the CPA
  • Chapter 3: How Accounting Majors Can Optimize Their College Experience
  • 1-Be aware of potential employers' recruiting cycles, timelines and "Early ID" programs
  • 2-Join the accounting society (or its equivalent)
  • 3-Visit the career placement office
  • 4-Prepare a resume and develop your social media profile
  • 5-Attend job fairs
  • 6-Find a mentor and take advantage of other professional development programs
  • 7-Join Beta Alpha Psi
  • 8-Become a student member of the AICPA
  • 9-Secure an internship
  • 10-Develop your plan for 150 hours
  • My Teacher and Mentor
  • Chapter 4: Career Paths
  • Myth-If I Don't Start with a Big Four Firm Coming Out of School, It Will Hurt My Career
  • Roles You'll Find in Accounting Firms
  • Opportunities in Industry for Accountants
  • Are You an Entrepreneur?
  • Careers in Academia.
  • The Bottom Line
  • My Own Career Path
  • Chapter 5: What About Work-Life Balance?
  • The Reality
  • Are Workload Expectations Different for Tax Professionals?
  • What if I Work in the Advisory Practice of a Public Accounting Firm?
  • What if I Don't Work for a Public Accounting Firm?
  • What About Travel?
  • What About Minimum "Chargeable Hour" Quotas?
  • Some Good News About Work-Life Balance
  • Effectively Using Your Time Off
  • One More Tip!
  • How I Balanced Personal Priorities and a Busy Workload
  • Chapter 6: The Profession's Diversity, Equity and Inclusion Journey
  • Recruitment and Retention
  • Affinity Groups
  • Leadership Programs
  • The PhD Project
  • Leadership Roles
  • Tips for Success
  • What I Learned by Being a Mentor
  • Section Two: Growing in Your Early Career Years by Mastering Important Fundamentals
  • Chapter 7: Core Values Every Accountant Should Embrace
  • Losing a Client to Protect Our Integrity
  • Chapter 8: Developing and Enhancing Your Technical Skills
  • The Importance of Reading and Staying Current
  • Learning from Others
  • Training and Professional Development Programs: An Overlooked Fringe Benefit
  • Specialized Knowledge (Becoming an Expert)
  • Specialized Industry Knowledge
  • Sharing Your Knowledge
  • Performing High-quality Work
  • How I Tried to Learn from Colleagues
  • Chapter 9: Working Effectively with Others
  • Do Not Be Intimidated
  • Treat People Consistently
  • A Concluding Thought
  • An Early Lesson in the Value of Listening
  • Chapter 10: Developing Your Communication Skills
  • Key Takeaway.
  • Myth-Good Communication Skills Are Related to Personality and Good Communicators Are Amiable and Enjoy "Talking With People."
  • The Importance of Effective Writing
  • The Lost Art of "Self-review"
  • The Importance of Speaking Skills
  • The Importance of Formal Presentation Skills
  • Interviewing Skills
  • Are You a Good Listener?
  • A Communications Lesson I Learned the Hard Way
  • Chapter 11: Blocking and Tackling: The Importance of Being Organized and Nailing Both Big and Small Tasks
  • Don't Be Late!
  • Effective Meetings
  • Patience Really Is a Virtue
  • Grow Where You Are Planted
  • How My Disappointment Turned into a Learning Opportunity
  • Chapter 12: Have a Value-Creation Mindset
  • Myth-Audit Services Are "Commodities"
  • Look for Opportunities to Provide Feedback
  • Continually Seek Feedback
  • Don't Be Afraid to Challenge the Status Quo
  • A Case Study in Adding Value
  • Chapter 13: Embrace Change-Technology Is Your Friend!
  • Some Thoughts About Technology
  • Intellectual Curiosity
  • Don't Get Too Comfortable
  • A Few Thoughts About Leading in Times of Change
  • A Time When My Role Changed in a Major Way
  • Chapter 14: Relationships, Relationships, Relationships
  • Coworkers at Your Firm or Company
  • Clients or Customers
  • Vendors and Suppliers
  • Alumni from Your Educational Institutions
  • Professional Associations and Industry Groups
  • Nonprofit Organizations You Support
  • Organizations You Belong To
  • The Importance of Networking
  • The Importance of Maintaining Relationships
  • Involve Others to Help Establish New Relationships
  • The Importance of Helping Others
  • How Keeping in Touch with a Colleague Helped My Firm
  • Food for Thought.
  • Chapter 15: Character Traits that Can Help You Succeed
  • Myth-Nice People Finish Last
  • Dealing with a Disappointment in My Career
  • Section Three: Building on Your Successas Your Career Advances
  • Chapter 16: How to Avoid Burnout
  • Variety Is the Spice of (Working) Life
  • Satisfaction and Sense of Accomplishment
  • Unplug!
  • Compartmentalize
  • Don't Let Your Work Consume You
  • Learn How to Say No
  • Stay Physically Fit
  • Stay Mentally Fit
  • Stay Emotionally Fit
  • Stay Spiritually Fit
  • How Balls and Bats Gave Me a Break
  • Chapter 17: Career Transitions: How to Make Good Decisions
  • 1-Make your employer aware of your concerns
  • 2-Consult with others
  • 3-Explore other options with your current employer
  • 4-Think long term
  • Myth-I'm Sure I'll Make More Money if I Leave
  • 5-Perform "due diligence" on your prospective employer
  • 6-Develop a balanced scorecard
  • 7-Personal considerations
  • 8-Don't burn bridges
  • A "Stay or Leave" Decision I Had to Make
  • Chapter 18: The Importance of Giving Back
  • Opportunities Outside of Work
  • Serving as an Adjunct Professor
  • Making Young People Aware of Careers in Accounting
  • Mentoring
  • Other Ways to Give Back
  • A Great Opportunity I've Had to Give Back
  • Afterword
  • Acknowledgments
  • About the Author
  • About the Website
  • Index
  • EULA.
ISBN
  • 1-119-85530-6
  • 1-119-85529-2
OCLC
  • 1281989909
  • 1287757899
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