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CPA Review Courses - Textbook Features

Exclusive, Comprehensive Textbooks

The Rigos texts used in the course thoroughly and comprehensively cover all subject areas of the exam. Over 5,000 of the best old exam questions with complete solutions are included. Our exclusive exam-oriented memory tips, acronyms, skeletons and summary outlines will boost your learning curve.

Award-Winning Material

The Rigos system will teach you the "solution approach" which will maximize your exam scores. Skeletons / Acronyms such as the example below, represent a preformatted way to accomplish the "solution approach". This ensures an accurate, well-organized solution covering all relevant principles. A book to tax reconciliation example is:

           Net Income Per Books (GAAP)                                                                                   $ xxx

 

           Add:    PUPIL FEW BEEFS

 

           P    Political contributions                                                                    $xx

           U   Unearned prepaid revenue (subscriptions, rents and interest)            xx

           P    Penalties and fines                                                                         xx

           I     Interest paid to purchase tax-exempt securities                               xx

           L    Losses between related parties                                                       xx

 

           F    Federal income tax and penalties                                                    xx

           E    Excess of capital losses over capital gains                                       xx

           W  Whole life insurance premiums paid                                                 xx

 

           B    Bad debt and other reserves                                                          xx

           E    Excess gifts above $25 each                                                          xx

           E    Excess charitable contributions above 10%                                    xx

           F    Fifty (50%) of business meals and entertainment                            xx

           S    Suspended passive losses                                                               xx                          xx

 

           Subtotal                                                                                                                          $xxx

 

           Less:    LITE LINED

 

           L    Life insurance policy proceeds                                                      $xx

           I     Involuntary conversions gains                                                         xx

           T    Treasury stock transactions gains                                                   xx

           E    Excess of tax depreciation over book depreciation                           xx

 

           L    Like-kind exchange gains                                                               xx

           I     Installment sales profit deferred                                                      xx

           N   Net operating loss carry adjustment                                                 xx

           E    Exempt from tax state and municipal interest                                  xx

           D   Dividend received deduction                                                           xx                         xx

 

           Net Income Per Tax Return (Form 1120)                                                                       $xxx

 

Magic Memory Outlines

Our topical Magic Memory Outlines are templates which students use to create their own personal outlines of the subjects. You summarize and synthesize the textual material in your own words. This forces you to capture the essence of the text and transfers the information from the book to your mind. For students who have prepared outlines to condense vast amounts of material in law school, these templates are similar and extremely effective. You can make outlines as elaborate and comprehensive as you wish since, in a word processing file, you can enlarge the space provided for your own notes. An example follows.

MAGIC MEMORY OUTLINE EXAMPLE
RIGOS CPA REVIEW

RIGOS CPA REVIEW - VOLUME 2 - CHAPTER 1
THEORETICAL FOUNDATIONS AND BALANCE SHEET OVERVIEW

Magic Memory Outline™

 
WITH STUDENT SUMMARY
I. CONCEPTUAL FRAMEWORK I. CONCEPTUAL FRAMEWORK
  A. Introduction   A. Introduction - conceptual framework is broad theoretical basis
  B. House of GAAP    B. House of GAAP - conceptual hierarchy underlying GAAP; SAS 69
  C. List of Abbreviations    C. List of Abbreviations - common acronyms; FASB, GASB, SFAS, SFAC, etc.
II. DEVELOPMENT OF FINANCIAL ACCOUNTING STANDARDS II. DEVELOPMENT OF FINANCIAL ACCOUNTING STANDARDS
  A. Topic Selection   A. Topic Selection - emerging issues task force; FAS advisory council; = others
  B. Steps in the Process of Standard Development    B. Steps in the Process of Standard Development - research, memo, exposure draft, committee, board
  C. Participation in the Standard-Setting Process    C. Participation in the Standard-Setting Process - accountants in practice, AICPA, IMA, SEC
  D. Standard-Setting for State and Local Governments    D. Standard-Setting for State and Local Governments - GASB
III. STATEMENTS OF FINANCIAL ACCOUNTING CONCEPTS III. STATEMENTS OF FINANCIAL ACCOUNTING CONCEPTS
  A. SFAC No. 1 -- Objectives of Financial Reporting by Business Enterprises   A. SFAC No. 1 -- Objectives of Financial Reporting by Business Enterprises - provide useful information to users about economic resources
  B. SFAC No. 2 -- Qualitive Characteristics of Accounting Information    B. SFAC No. 2 -- Qualitive Characteristics of Accounting Information - hierarchy of characteristics in diagram form
  C. Definitions    C. Definitions - see below
    1. Understandability     1. Understandability - perceive significance of information
    2. Relevance     2. Relevance - capacity to make a difference in a decision
    3. Predictive Value     3. Predictive Value - increase likelihood of correctly forecasting outcomes
    4. Feedback Value     4. Feedback Value - enables confirmation or correction of prior expectations
    5. Timeliness     5. Timeliness - information available before loses capacity to influence decisions
    6. Reliability     6. Reliability - assurance that information reasonably free from error and bias
    7. Verifiability     1. Verifiability - Information measurement method used without error or bias; correct representation
    8. Neutrality     2. Neutrality - absence of bias in reported information
    9. Representational Faithfulness     9. Representational Faithfulness - agreement between measure/descr. and underlying event
    10. Comparability     10. Comparability - ability to compare two sets of economic phenomena
    11. Consistency     11. Consistency - conformity of policies and procedures from period to period
    12. Materiality     12. Materiality - magnitude of misinformation/omission that influences decision

The following is the actual Magic Memory Outline from the Theoretical Foundations chapter.

RIGOS PRIMER SERIES REVIEW
RIGOS CPA REVIEW - VOLUME 2 - CHAPTER 1
THEORETICAL FOUNDATIONS AND BALANCE SHEET OVERVIEW
Magic Memory Outline™

I.  CONCEPTUAL FRAMEWORK
A.  Introduction
B.  House of GAAP
C.  List of Abbreviations

II.  DEVELOPMENT OF FINANCIAL ACCOUNTING STANDARDS
A.  Topic Selection
B.  Steps in the Process of Standard Development
C.  Participation in the Standard-Setting Process
D.  Standard-Setting for State and Local Governments

III.  STATEMENTS OF FINANCIAL ACCOUNTING CONCEPTS
A.  SFAC No. 1 -- Objectives of Financial Reporting by Business Enterprises
B.  SFAC No. 2 -- Qualitive Characteristics of Accounting Information
C.  Definitions
1.  Understandability
2.  Relevance
3.  Predictive Value
4.  Feedback Value
5.  Timeliness
6.  Reliability
7.  Verifiablity
8.  Neutrality
9.  Representational Faithfulness
10.  Comparability
11.  Consistency
12.  Materiality

Last updated on 7/12/2012 10:16:35 AM