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Advice for a Successful Career in the Accounting Profession
How to Make Your Assets Greatly Exceed Your Liabilities

Jerry Maginnis (Author)

9781394394784, Wiley

Hardback, published 29 June 2026

256 pages
23.1 x 16 x 2.5 cm, 0.454 kg

Forward-Looking Guidance to Help Accountants Thrive Amid Industry Disruption and Opportunity

If you’re serious about leveraging your accounting degree for a resilient, and highly rewarding career, Advice for a Successful Career in the Accounting Profession is the modern playbook you need. Today’s accounting profession is facing unprecedented change—from a growing talent shortage to rapid advances in artificial intelligence and increasing private equity influence. This new edition responds directly to those shifts, delivering fresh insight, updated strategies, and practical guidance with five brand-new chapters tailored to the realities you’re entering right now. 

Drawing on decades of experience as a CPA and as former Office Managing Partner of KPMG’s Philadelphia office, Jerry Maginnis brings an unmatched real-world perspective to this expanded edition. Maginnis continues to mentor hundreds of aspiring professionals navigating an increasingly complex career environment.

Helping you intentionally build assets—skills, experience, relationships, and judgment—so they greatly exceed your liabilities, Advice for a Successful Career in the Accounting Profession: 

  • Examines the impact of AI on audit, tax, and advisory roles—and how to stay relevant
  • Provides practical strategies for standing out in large firms and smaller organizations alike
  • Offers mindset and leadership principles for long-term growth, fulfillment, and influence
  • Highlights emerging opportunities, risks, and required skills for the next decade
  • Analyzes private equity investment and consolidation in the profession and the impacts on career mobility

Written in friendly, conversational language, Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities, Second Edition, delivers relevant, actionable advice for accounting students and early- to mid-career professionals looking to adapt, grow, and stay ahead.

Foreword by Mike Aiello, Founder and CEO of Centri Consulting xi
Introduction by Ernie Almonte, Former Chair, American Institute of Certified Public Accountants xiii
Why I Wrote This Book (And How to Get the Most Out of It) xv
The Circles of Professional Excellence (Illustration) xix

Section One: Navigating Your Route to a Rewarding Accounting Career

Chapter 1: Why Accounting Is a Great Profession 3

Chapter 2: The Evolving Marketplace for Entry-Level Accounting Talent 11

Chapter 3: Is Becoming a CPA the Right Path for You? 23

Chapter 4: How Accounting Majors Can Optimize Their College and University Experience 35

Chapter 5: Career Paths 49

Chapter 6: What About Work-Life Balance? 61

Section Two: Growing in Your Early Career Years by Mastering Important Fundamentals

Chapter 7: Core Values Every Accountant Should Embrace 73

Chapter 8: Professional Development, Learning, and Finding Your Path 81

Chapter 9: Working Effectively with Others 91

Chapter 10: Remote Versus In-Person Work: Considerations and Some Best Practices 97

Chapter 11: Developing Your Communication Skills 107

Chapter 12: Blocking and Tackling: The Importance of Being Organized and Nailing Both Big and Small Tasks 115

Chapter 13: Have a Value-Creation Mindset 12

Chapter 14: Embrace Change—Technology Is Your Friend 127

Chapter 15: The Potential Impact of Artificial Intelligence on the Accounting Profession and How It Might Influence Your Career 133

Chapter 16: Relationships, Relationships, Relationships 149

Chapter 17: Character Traits That Can Help You Succeed 157

Section Three: Building on Your Success as Your Career Advances

Chapter 18: How to Avoid Burnout 167

Chapter 19: The Impact of Private Equity: Considerations for Students and Early-Career Professionals 173

Chapter 20: Career Transitions: How to Make Good Decisions 187

Chapter 21: Lessons Learned from the History of the Profession 195

Chapter 22: The Importance of Giving Back 207

Acknowledgments 213
About the Author 217
Index 221

Subject Areas: Finance & accounting [KF]

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