Chartered Accountant Common Proficiency Test (CPT) – CA CPT Exam Eligibility, Pattern, Syllabus, Coaching Classes

Chartered Accountant Common Proficiency Test (CPT) – CA CPT Exam Eligibility, Pattern, Syllabus, Coaching Classes.

Chartered Accountant Common Proficiency Test, which is also known as CA CPT Exam, is conducted by Institute of Chartered Accountants of India for admitting students to Chartered Accountancy course. The test is an entry level exam. The institute conducts Chartered Accountant Common Proficiency Test (CA CPT) twice a year, at various cities across India.

This is the entrance examination which tests whether a student has a right aptitude to become a chartered accountant. CA-CPT tests a student in four areas viz. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is divided into two sessions of two hours each. CPT is an objective type test with negative marking for each wrong option.

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  • One Year Program for CA-CPT (for students entering Class XIIth)
  • 6 Months Program for CA-CPT (this course will prepare you up for the test in 6 months flat, without compromising on your regular, class schedule.)
  • Crash Course 3 Months Program ( CA-CPT Express program is your savior. In a span of only 3 months you will be confident enough to take the test with ease. We shall ensure that even in the little time at hand, all your concepts are clear and you are ready to grab the bull by its horns. All that you need to know even in the little time available, your quick-fix solution to the CPT.)
  • VIDEO LECTURES ARE ALSO AVAILABLE IN CDs AND DVDs
  • STUDY MATERIAL IS ALSO AVAILABLE THROUGH SPEED POST ALL OVER INDIA
  • CONTACT FOR FEEs AND BATCH DETAILS

Eligibility CA- CPT Exam

The aspirants can join the Chartered Accountancy course after clearing CA CPT Exam. Given below are the eligibility criteria for chartered accountancy.
  • The students must have passed 10+2 examination or its equivalent, from any recognized Board.
  • Candidates, who have passed B.Com, M.Com, LLB, ICWA, CS or MBA at the first attempt, are also eligible to apply.
  • The candidates, who have appeared or appearing in final year of the qualifying examination, are also eligible to apply.
  • The students, who have registered for CPT Course with Board of Studies of ICAI on or before October 1, 2009, are also eligible to appear in the entrance test.

Registration and Eligibility for CPT course

After passing class 10th, a student is eligible for registration for Common Proficiency Test. But a student can appear for CA-CPT only if he has appeared in the Senior Secondary Examination (10+2 Examination). To apply for admission to the CPT course a student is required to apply in the prescribed form.

»    A student may buy Prospectus remitting Rs.100. The application form is available in the Prospectus.
»    Alternatively, the application form can be downloaded from ICAI website www.icai.org.

Registration fee
The registration and tuition fee is Rs. 6,000/-*, which is to be remitted along with filled in application form. In case a student submits downloaded application form, he should remit Rs. 6,100/-* (Rs.100 for Prospectus). A copy of the Prospectus will be sent along with the study package.

Submission of filled-in Application Form
The application form can be obtained and / or submitted to the following Offices of the Institute in consonance with the address of the student as stated below:
Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab and Union Territory of Chandigarh
Northern India Regional Council of The Institute of Chartered Accountants of India,
ICAI BHAWAN, 52-54,
Vishwas Nagar, Delhi 110032,
Phone: 011-39893990,
Fax: 011-30210680
E-mail: nro@icai.org 

The student should make the draft payable accordingly to Mumbai, Chennai, Kolkata, Kanpur and New Delhi respectively.

Study Material CA-CPT

The Board of Studies provides a comprehensive study package including a large question bank. The Board of Studies also provides a CD for self-assessment. Using the CD, a student can get question paper sets of different subjects and test his level of preparation. In addition, Volume I & II of the Model Test Papers are also being supplied to the students with study material.

Examination Form and Fee CA-CPT

A student has to follow the examination notification to be issued by the Examination Department of the ICAI and apply in the prescribed form along with the examination fee of Rs.600* (inclusive cost of application form & exam fee). The Examination Department will announce the examination centers and issue admit card.

The Qualifying Marks

The qualifying mark is 50%. A student has to remember that CPT has ¼ negative marking for selecting each wrong option.

Exam Dates

Paper-Pencil Examination. CPT examination is being held twice in a year i.e., in June & December.

The Next Step After Passing CPT

After passing CPT and 10+2 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto, a student may join the Chartered Accountancy Course.

Education of Chartered Accountancy is divided into two levels:

The Board of Studies provides a comprehensive study package including a large question bank. The Board of Studies also provides a CD for self-assessment. Using the CD, a student can get question paper sets of different subjects and test his level of preparation. In addition, Volume I & II of the Model Test Papers are also being supplied to the students with study material.

Integrated Professional Competence Course (IPCC)

1. Group-1 & Group-2

2. 35 hours orientation program

3. 100 hours Information Technology Training

4. A part of articled/audit training of 3 years under a practicing Chartered Accountant.

CA-Final Course

1. Group-1 & Group-2

2. A part of articled/audit training of 3 years under a practicing Chartered Accountant.

3. General Management and Communication Skills training.

 

Pattern of CA CPT exam

  • The question paper will consists of objective type questions.
  • The test will be conducted based upon four subjects – Quantitative Aptitude, General Economics, fundamental of Accounting and Mercantile Law.
  • The test will have 2 sessions.
  • Both the sessions will be conducted on the same day.
  • Time limit for each test is two hours.
  • Total marks allotted to test is 200.
  • There is a penalty for the wrong answer.

 

Syllabus of CA CPT Exam

One Paper, Two Sessions, 200 Marks, 4 hours

Session I

Section A – Fundamentals of Accounting, 60 Marks
Section B – Mercantile Laws, 40 Marks

Session II

Section C – General Economics, 50 Marks
Section D – Quantitative Aptitude, 50 Marks

SESSION – I

(Two Sections– 2 hours – 100 Marks)
Section A: Fundamentals of Accounting ( 60 Marks )

Contents

1. Theoretical Framework

(i) Meaning and Scope of accounting
(ii) Accounting Concepts, Principles and Conventions
(iii) Accounting Standards – concepts, objectives, benefits
(iv) Accounting Policies
(v) Accounting as a measurement discipline – valuation principles, accounting estimates

2. Accounting Process

Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

3. Bank Reconciliation Statement

4. Inventories – Basis of inventory valuation and record keeping.

5. Depreciation Accounting

Methods, computation and accounting treatment of depreciation, Change in depreciation methods.

6. Preparation of Final Accounts for Sole Proprietors.

7. Accounting for Special Transactions

(a) Consignments
(b) Joint Ventures
(c) Bills of exchange and promissory notes
(d) Sale of goods on approval or return basis.

8. Partnership Accounts

Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

9. Introduction to Company Accounts

Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

 

Section B: Mercantile Laws ( 40 Marks )

Contents

1. The Indian Contract Act , 1872- An overview of Sections 1 To 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.

2. The Sale of Goods Act, 1930 – Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights.

3. The India Partnership Act, 1932 – General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

 

SESSION – II

(Two Sections– 2 Hours – 100 Marks)

Section C: General Economics ( 50 Marks )

Contents

(I) Micro Economics

1. Introduction to Micro Economics

(a) Definition, scope and nature of Economics

(b) Methods of economic study

(c) Central problems of an economy and Production possibilities curve.

2. Theory of Demand and Supply

(a) Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, income and cross elasticity.

(b) Theory of consumer ’s behavior – Marshallian approach and Indifference curve approach

(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

 3. Theory of Production and Cost

(a) Meaning and Factors of production

(b) Laws of Production – The Law of variable proportions and Laws of returns to scale.

(c) Concepts of Costs ─ Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

(a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly

(b) Price determination in these markets.

(c) Indian Economic Development

5. Indian Economy – A Profile

(a) Nature of the Indian Economy

(b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth

(c) National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans.

(d) Basic understanding of tax system of India – Direct and Indirect Taxation

6. Select Aspects of Indian Economy

(a) Population – Its size, rate of growth and its implication for growth

(b) Poverty – Absolute and relative poverty and main programs for poverty alleviation

(c) Unemployment – Types, causes and incidence of unemployment

(d) Infrastructure ─ Energy, Transportation, Communication, Health and Education

(e) Inflation

(f) Budget and Fiscal deficits

(g) Balance of payments

(h) External debts.

7. Economic Reforms in India

(a) Features of economic reforms since 1991

(b) Liberalization, Privatization and Disinvestment

(c) Globalization

8. Money and Banking

(a) Money – Meaning and functions

(b) Commercial Banks – Role and functions

(c) Reserve Bank of India – Role and functions, Monetary policy.

 

Section D: Quantitative Aptitude ( 50 Marks )

Contents

1. Ratio and proportion, Indices, Logarithms

2. Equations Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.

3. Inequalities Graphs of inequalities in two variables ─ common region.

4. Simple and Compound Interest including annuity ─ Applications

5. Basic concepts of Permutations and Combinations

6. Sequence and Series – Arithmetic and geometric progressions

7. Sets, Functions and Relations

8. Limits and Continuity ─ Intuitive Approach

9. Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)

10. Statistical description of data

(a) Textual, Tabular & Diagrammatic representation of data.

(b) Frequency Distribution.

(c) Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

11. Measures of Central Tendency and Dispersion

Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

12. Correlation and Regression

13. Probability and Expected Value by Mathematical Expectation

14. Theoretical Distributions – Binomial, Poisson and Normal.

15. Sampling Theory

Basic Principles of sampling theory, Comparison between sample survey and complete enumeration , Errors in sample survey , Some important terms associated with sampling , Types of sampling , Theory of estimation , Determination of sample size .

16. Index Numbers