Common Proficiency Test
What is CA CPT?
CPT is an entry level test for Chartered Accountancy Course. Students who want to pursue chartered accountancy course after 10+2 (intermediate) are required to qualify Common Proficiency Test (CPT).
Students can register for the Common Proficiency Course (CPC) after passing 10th examination and can appear in the CPT either on appearing or passing 10+2 examination. validity for CPT registration is 3 years, thereafter revalidation is made after every 3 years.
CA CPT Notification:
CPT is held twice in a year in June and
December month. Notification for CPT June exam publish in February and for CPT December exam notification publish in August.
First Session (Morning Session):
Section A – Fundamentals of Accounting
Section B – Mercantile Laws
Second Session (Afternoon Session):
Section C – General Economics
Section D – Quantitative Aptitude
CA CPT Form:
Candidates can fill online form for CPT exam at http://icaiexam.icai.org
Online Payment: candidates who want to fill CPT forms using online mode (payment can be done through VISA or MASTER Credit/ Debit Card.)
CA CPT Exam Pattern :
- Total Marks: 200.
- Paper Type: Objective – Multiple choice questions
- Language of paper: English / Hindi
- Marking: There will be negative marking for incorrect answer. 25% marks will be deduced for incorrect answer.
SESSION – I (100 Marks, 2 hours)
Section A: Fundamentals of Accounting (60 marks)
Section B: Mercantile Laws (40 marks)
SESSION – II (100 marks, 2 hours)
Section C: General Economics (50 marks)
Section D: Quantitative Aptitude (50 marks)
CA CPT Passing Criteria :
To pass/qualify CA CPT exam a candidate must obtain minimum 30% in each subject and 50%. Candidates who ranked among top 10 will get scholarship.
CA CPT Syllabus :
CPT Session I Syllabus:
CPT Session I is divided into two sections, first is Fundamentals of Accounting and second is Mercantile Laws.
These two sections together carries 100 marks and maximum two hours (120 mins) allowed to solve these papers.
Fundamentals of Accounting Syllabus:
This section carries total 60 marks and objective of this section is to develop conceptual understanding of the fundamentals of financial accounting system.
1. Theoretical Framework:
- Meaning and Scope of Accounting
- Accounting Concepts, Principles and Conventions
- Accounting Standards – concepts, objectives, benefits
- Accounting Policies
- Accounting as a measurement discipline – valuation principles, accounting estimates
2. Accounting Process: Books of Account 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:
- Joint Ventures
- Bills of exchange and promissory notes
- 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
Mercantile Laws Syllabus:
This section carries total 40 marks and objective of this section is to test the general comprehension of elements of mercantile laws.
- 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.
- The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties – Transfer ofownership and delivery of goods – Unpaid seller and his rights.
- The Indian Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.
Syllabus for CPT (Session II):
CPT Section II:
CPT Session II is also divided into two sections, first is General Economics and the second is Quantitative Aptitude. These two sections together hold 100 marks and maximum two hours (120 mins) allowed to solve these papers.
General Economics Syllabus:
This section carries total 50 marks and objective of this section is to ensure basic understanding of economic systems, economic behaviour of individuals and organizations.
Micro Economics: Introduction to Micro Economics
- Definition, scope and nature of Economics
- Methods of economic study
- Central problems of an economy and Production possibilities curve.
Theory of Demand and Supply:
- Meaning and determinants of demand, Law of demand and Elasticity of demand –
Price, income and cross elasticity.
- Theory of consumer’s behaviour – Marshallian approach and Indifference curve
- Meaning and determinants of supply, Law of supply and Elasticity of supply.
Theory of Production and Cost:
- Meaning and Factors of production.
- Laws of Production – The Law of variable proportions and Laws of returns to scale.
- Concepts of Costs – Short-run and long-run costs, Average and marginal costs, Total,
fixed and variable costs.
Price Determination in Different Markets:
- Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition
- Price determination in these markets.
2. Indian Economic Development: Indian Economy – A Profile
- Nature of the Indian Economy.
- Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth.
- 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.
- Basic understanding of tax system of India – Direct and Indirect Taxation.
Selected Aspects of Indian Economy:
- Population – Its size, rate of growth and its implication for growth.
- Poverty – Absolute and relative poverty and main programs for poverty alleviation.
- Unemployment – Types, causes and incidence of unemployment.
- Infrastructure – Energy, Transportation, Communication, Health and Education.
- Budget and Fiscal deficits.
- Balance of payments.
- External debts.
Economic Reforms in India:
- Features of economic reforms since 1991.
- Liberalisation, Privatisation and Disinvestment.
Money and Banking:
- Money – Meaning and functions.
- Commercial Banks – Role and functions.
- Reserve Bank of India – Role and functions, Monetary policy.
Quantitative Aptitude Syllabus:
This section carries total 50 marks and objective of this section is to test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful
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. Permutations and Combinations: Basic concepts
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
- Textual, Tabular & Diagrammatic representation of data
- Frequency Distribution
- 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
CPT Exam Centre:
- Delhi/New Delhi
- Pali Marwar
- Sri Ganganagar
- Yamuna Nagar
- Abu Dhabi
For any information regarding CPT exam you can contact:
Additional Secretary (Examinations),
The Institute of Chartered Accountants of India,
ICAI Bhawan, Indraprastha Marg,
New Delhi – 110 002