ABA EXAM BLUEPRINT
Please note that this blueprint is simply a list of topics you will most likely encounter on the exam. This does not necessarily correspond to the table of contents for the ACAT Prep Course offered by the National Society of Accountants.
PRACTICE 1: Financial Accounting and Financial Statement Preparation, Presentation and Reporting
100 Questions
• Accounting Principles and Pronouncements
• Record Setup
• Accounting Cycle
• Cash vs. Accrual
• Revenue Recognition
• Adjusting, Reversing, Closing Entries and Error Correction
• Worksheet Preparation
• Financial Statement Preparation and Presentation
• Balance Sheet
• Income Statement
• Statement of Cash Flows and Analysis
• Statement of Changes in Equity
• Supplemental Information
• Disclosures
• Partnerships
• Accounting for Cash and Equivalents
• Accounts and Notes Receivable
• Investments
• Inventories
• Property and Equipment—Depreciation & Depletion
• Intangible Assets—Amortization
• Current Liabilities and Long-Term Liabilities
• Stockholder’s Equity
• Payroll
• Accounting for Leases
• Accounting for Pensions
• Engagement Letters
• Other Comprehensive Basis of Accounting
• Working Papers
• Reports and Transmittal Letters
• Statements of Changes in Equity
• Financial Statement Analysis
PRACTICE 2: Taxation, Managerial Accounting, Business Law, Ethics
Taxation: 50 questions
• Filing Considerations
• Accounting Methods
• Inclusions in Income
• Income Exclusions
• Adjustments to Income
• Deductions for Adjusted Gross Income
• Itemized Deductions
• Income Tax Credits
• Sole Proprietorship, Self-Employment, and Rental Activity
• Taxation of Investments and Planning
• Special Tax Computations
• Taxation of Partnerships
• Corporate Taxation
• S Corporations
• Fiduciary Income Tax Returns
• Federal Estate Tax Returns
• Limited Liability Entities
• Self Employment Issues
• Divorce Issues
• Independent Contractor Issues
• Nonprofit Issues
Managerial Accounting: 27 questions
• Cost-Volume-Profit Analysis
• Departmental Analysis
• Time Value of Money
• Capital Budgeting
• Capital Investment Analysis
• Budgets
• Managerial Decisions
• Cash Flow Planning/Cash Budgeting
• Internal Control Systems
• Investments/Business Opportunities
• Employee Benefit Plans
Business Law: 15 questions
• Property Law
• Contracts
• Uniform Commercial Code
• Agency
• Partnerships
• Corporations
• Trusts
• Limited Liability Entities
Ethics: 8 questions
• Circular 230
• ACAT Code of Ethics
Additional Information:
For study materials for the ABA and ATP exam, click here
For more information on the ABA credential, review the ABA Candidate Handbook
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