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
📚 ABA Topics to Study (69)
✍️ 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?
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 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:
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) 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:
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?
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
📖 ABA Guides & Articles
- Accredited Business Accountant Salary and Career Outlook
- ABA Ethical Codes and Subject Knowledge for Accountants
- ABA Accredited Business Accountant: Training & State Requirements
- ABA Study Guide: Best Materials to Pass the Exam
- ABA Training Programs: Courses to Become an Accredited Business Accountant
- ABA Accredited Business Accountant Certification Guide
- Accredited Business Accountant
- ABA (Accredited Business Accountant) Test Preparation
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An AI chatbot can quiz you, but it can't reproduce the exam conditions or keep your record. Here you get:
- A timed, full-length ABA mock exam — 200 questions in 360 minutes with a 70% pass mark, modeled on the official exam's question count and time limit, followed by a score report broken down by exam domain.
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- A printable ABA cheat sheet you can print or save as a PDF.
- ABA flashcards built from the same question bank.
- Free ABA practice tests with the correct answer shown after each question.