Important Dates for CA CPT Exam
|Last Date for Registration to CPT Course with BOS||April 1, 2014|
|Commencement of Online filling of CPT Examination Form||April 4, 2014 (10:00 A.M. IST)|
|Last Date & Time for Login Creation/Submission of CPT Examination Application Form Online||April 25, 2014 upto 5:30 P.M. (IST)|
|Last Date for Revalidation of Registration for June, 2014 CPT||April 25, 2014|
|Last Date for Receipt of Print Out of Online Examination Form Duly Filled up (PDF)||April 29, 2014|
|Date of CPT Examination||June 22, 2014 (Sunday)|
|Date of Declaration of Result||July End (Tentative)|
Details of CA CPT Exam
The CPT (Common Proficiency Test) is an objective type examination of 4 hours duration divided into 2 sessions of 2 hours each. The total marks for the test is 200.
SESSION–I (Two Sections– Two hours –100 Marks)
Section A: Fundamentals of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks)
SESSION–II (Two Sections–Two hours–100 Marks)
Section C: General Economics (50 Marks) (buy Economics Class 12 CD)
Section D: Quantitative Aptitude (50 Marks)
There are multiple choice questions with negative marking for incorrect answers. To clear the CPT, a student has to obtain a total of 50% marks in all the papers together.
The admission requirements for the second level of the course i.e. PCC (Professional Competency Course) require that the student should have qualified in the CPT. This level is thus the entry level for all the students including graduates.
CA CPT Exam Eligibility Criteria
Eligibility to take CA CPT:
- You must have passed 10+2 examination or equivalent from a recognized institution.
- You must be registered for the Common Proficiency Test with the Board of Studies of the Indian Chartered Accountancy of India (ICAI).
- Even if you have already registered for the Professional Course, you are eligible for appearing in this test.
How to Prepare for CA CPT Exam ?
The syllabus for Chartered Accountant Common Proficiency Test (CA CPT) comprises of basic knowledge in fundamental of Accounting, mercantile law, general economics and quantitative aptitude. Topics in each subject are given below.
Accounting: Theoretical Framework, Bank Reconciliation Statement, Accounting Process, Introduction to Company Accounts, Partnership Accounts, Accounting for Special Transactions, Preparation of Final Accounts for Sole Proprietors, Depreciation accounting, Inventories.
Mercantile Law: The Indian Contract Act, 1872, the Sale of Goods Act, 1930 and the India Partnership Act, 1932.
General Economics: Economic Reforms in India, Select Aspects of Indian Economy, Indian Economy – A Profile, Price Determination in Different Markets, Theory of Production and Cost, Theory of Demand and Supply, Micro Economics.
Quantitative Aptitude: Sampling Theory, Theoretical Distributions, Probability and Expected Value by Mathematical Expectation, Correlation and Regression, Measures of Central Tendency and Dispersion, Statistical description of data, Basic concepts of Differential and Integral Calculus, Limits and Continuity - Intuitive Approach, Sets, Functions and Relations, Sequence and Series – Arithmetic and geometric progressions, Basic concepts of Permutations and Combinations, Simple and Compound Interest including annuity - Applications, Inequalities, Equations, Ratio and proportion, Indices, Logarithms
Bear in mind that you need to score at least 50% of the total marks i.e. at least 100 out of 200 to pass the CA CPT and gain entry into the Chartered Accountancy course. Begin your preparations well in advance. Last minute studies don’t work here. There are four subjects being tested here: Accounting, Mercantile Laws, General Economics & Quantitative Aptitude. Devote more time to the subject that you find harder. Do not, however ignore the other subjects. Take note that the marks which are allotted to each subject will not change. Prepare accordingly. Mercantile Law is the most scoring subject after Accounting. Study macro economics before micro.The topics in Quantitative Aptitude that are important include differentiation and integration, correlation and regression and theoretical distribution.