ABA Study Guide 2026

Everything you need to pass the ABA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.

📋 ABA Exam Format at a Glance

200

Questions

360 min

Time Limit

70.00%

Passing Score

Take a Full ABA Exam Simulation →

📚 ABA Topics to Study (69)

Accounting Principles · 9 cards Cost Accounting and Budgeting · 9 cards Financial Reporting and Analysis · 9 cards Taxation and Compliance · 9 cards Accounting Principles · 7 cards Accounting Principles · 7 cards Accounting Principles · 7 cards Accounting Principles · 7 cards Accounts Payable & Receivable Management · 7 cards Accounts Payable & Receivable Management · 7 cards Accounts Payable & Receivable Management · 7 cards Audit & Attestation Services · 7 cards Audit & Attestation Services · 7 cards Audit & Attestation Services · 7 cards Audit & Attestation Services · 7 cards Bookkeeping & General Ledger · 7 cards Bookkeeping & General Ledger · 7 cards Bookkeeping & General Ledger · 7 cards Bookkeeping & General Ledger · 7 cards Business Advisory & Consulting · 7 cards Business Advisory & Consulting · 7 cards Business Advisory & Consulting · 7 cards Business Advisory & Consulting · 7 cards Business Law & Ethics · 7 cards Business Law & Ethics · 7 cards Business Law & Ethics · 7 cards Business Law & Ethics · 7 cards Cost Accounting and Budgeting · 7 cards Cost Accounting and Budgeting · 7 cards Cost Accounting and Budgeting · 7 cards

See all 69 topics as flashcards →

✍️ Sample ABA Questions & Answers

1. A business owner uses their personal vehicle 60% for business. The vehicle cost $40,000. Using the actual expense method, what is the maximum depreciable basis for business use?

✓ $24,000

The depreciable business-use basis is $40,000 × 60% = $24,000, since only the business-use percentage of the cost qualifies.

2. What is the difference between accrual accounting and cash accounting?

✓ Accrual accounting records transactions when earned or incurred.

Accrual accounting recognizes revenues when they are earned and expenses when they are incurred, regardless of when cash is exchanged. In contrast, cash accounting only records transactions when cash is actually received or paid, which can misrepresent a company's financial performance over a period.

3. When a business converts from a sole proprietorship to a single-member LLC, the default federal tax classification is:

✓ Disregarded entity (taxed as a sole proprietorship)

A single-member LLC is treated as a disregarded entity for federal tax purposes unless it elects to be taxed as a corporation.

4. When an accountant knowingly misrepresents financial information to a third party who relies on it and suffers harm, the accountant may face liability under which tort?

✓ Intentional misrepresentation (fraud)

Intentional misrepresentation (fraud) occurs when a party knowingly makes a false statement of material fact intending to induce reliance, causing damages to the relying party.

5. A retail company uses the gross method to record purchases. A $10,000 purchase is made with terms 2/10, net 30. If payment is made within the discount period, the journal entry includes a credit to:

✓ Purchase Discounts for $200

Under the gross method, the $200 discount taken is credited to Purchase Discounts, reducing cost of goods purchased.

6. In Tax Preparation & Compliance, what is the FIRST step a ABA professional should take when encountering a new case or situation?

✓ Conduct a comprehensive assessment and gather all relevant information

In Tax Preparation & Compliance, a thorough initial assessment ensures all relevant factors are identified before deciding on an appropriate course of action. This systematic approach is fundamental to Accredited Business Accountant practice.

🎯 Free ABA Practice Tests

Cost Accounting and Budgeting · 9 questions Accounting Principles · 9 questions Financial Reporting and Analysis · 9 questions Taxation and Compliance · 9 questions Tax Preparation & Compliance · 7 questions Tax Preparation & Compliance · 7 questions Audit & Attestation Services · 7 questions Business Advisory & Consulting · 7 questions Tax Preparation & Compliance · 7 questions Business Advisory & Consulting · 7 questions

📖 ABA Guides & Articles

Your ABA Study Path

1. Learn with Flashcards → 2. Drill Practice Tests → 3. Take the Full Exam Simulation

🃏 ABA Flashcards (477)🏆 ABA Exam Simulation

Was this helpful?