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Chartered Accountant Common Proficiency Test (CA CPT)
Based on the latest pattern | Detailed Analysis
Chartered accountants (CA) are the professionals who are endowed with trust and responsibility acting as expertise responsible for various financial activities under the companies. Chartered accountant (CA) is considered to be a big achievement. It has a great scope of offering bright opportunities in the corporate world, especially in Finance. CA - CPT examination is organized by the Institute of Chartered Accountants of India. This exam is usually held twice every year in the month of June and December. Candidates can register after class 10th and 12th. A Candidate who has passed higher qualifications than 10th class such as B.Com, M.Com, MBA, LL.B., CS, ICWA and pass CA-CPT Exam to join the Chartered Accountancy Course.
The CA courses at ICAI are as under:
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CA Foundation course exam: 4 papers.
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CA Intermediate examination: 8 papers based on New Syllabus and 8 papers based on Old Syllabus.
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CA Final examination: 8 papers based on New Syllabus and 8 papers based on Old Syllabus.
This exam is the 1st stage of CA. The path to become CA, the candidate starts with an Aptitude Test i.e. held every year. It is a common proficiency test that finds a capable candidate in the 4 areas i.e. Accounting, Mercantile Law, General Economics and Quantitative Aptitude. If a candidate qualifies for the CPT test then he/she is eligible to write the IPCC exam that is conducted in two sessions.
Chartered Accountant Common Proficiency Test (CA CPT) Conducting Body:
The CA CPT exam is a National level exam that is conducted by the authority of Institute of Chartered Accountants of India (ICAI). It is a statutory body that arranges the profession of Chartered Accountancy in India. The purpose is to provide Training and Certifying Chartered Accountants in India.
Chartered Accountant Common Proficiency Test (CA CPT) Important Dates:
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Events |
Dates |
Mode |
Link |
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Registration Date |
02/02/2024 |
Online |
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Application Date |
03/03/2024 09/03/2024 |
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Admit Card Date |
One Week before exam |
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Exam Date |
20/06/2024 22/06/2024 24/06/2024 26/06/2024 |
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Interview Date |
Will be updated soon. |
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Result Date |
July 2024 |
Chartered Accountant Common Proficiency Test (CA CPT) Selection Procedure:
Following are the rounds:
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Objective Type Exam
Chartered Accountant Common Proficiency Test (CA CPT) Exam Pattern:
The CPT (Common Proficiency Test) is the first level of Chartered Accountant examination in India. This exam is an Objective type exam and consists of 200 MCQs (Multiple Choice Questions). The examination is directed in Offline mode (Pencil Paper mode). The language medium of question paper is in Hindi or English. This exam covers four basic subjects divided into two sections. The exam is a 4 hours test comprising two sessions of 2 hours each with a break between two sessions. The exam is based on Objective type questions with 0.25 negative marking for incorrect answers. There are 4 sections of examination with 200 aggregate marks which are mentioned below:
1st Section:
|
Parts |
Subjects |
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A |
Fundamentals of Accounting |
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B |
Mercantile Laws |
2nd Section:
|
Parts |
Subjects |
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C |
General Economics |
|
D |
Quantitative Aptitude |
The detailed exam pattern is given below:
|
Session |
Duration |
Sections |
Subjects |
Questions |
Marks |
|
1st session |
2 hours |
Section 1 |
A - Fundamentals of Accounting |
40 |
40 |
|
B - Mercantile Laws |
60 |
60 |
|||
|
2nd Session |
2 hours |
Section 2 |
C - General Economics |
50 |
50 |
|
D - Quantitative Aptitude |
50 |
50 |
|||
|
Total |
200 |
200 |
Chartered Accountant Common Proficiency Test (CA CPT) Eligibility Criteria:
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There is no age limit for the Candidate to become eligible for the CA-CPT.
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There are Negative marking schemes with 0.25 for incorrect answers.
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The Candidate must have passed Class 10th and Class 12th or equivalent in Commerce Stream
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The Candidate who has completed the B.Com or M.Com with at least 55% marks need not appear in the CPT 2020 Examination.
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If the candidates who passed or pursue Under Graduate / Post Graduate Degree from Open University are not eligible to appear in the CA-CPT examination.
Chartered Accountant Common Proficiency Test (CA CPT) Syllabus:
- Fundamentals of Accounting:
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Accounting Policies
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Accounting Concepts
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Accounting Estimates
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Accounting Standards
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Scope of Accounting
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Depreciation Accounting
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Special Transactions
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Bank Reconciliation Statement
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Shares and Debentures
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Inventories
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Partnership Accounts
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Accounting as a Discipline of Measurement.
- Quantitative Aptitude:
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Diagrammatic Representation of Data
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Frequency Polygons
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Differential Calculus
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Integral Calculus
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Inequalities
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Simple Interest
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Compound Interest
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Logarithms
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Equations
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Ratio and Proportion
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Sets, Continuity and Limits
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Indices, Series, Sequence, Regression, Correlation, Sampling Theory, Dispersion, Permutations and Combinations.
- Mercantile Law:
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The Indian Contract Act of 1872
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The Sale of Goods Act of 1930
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The India Partnership Act of 1932
- General Economics:
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Introduction of Micro Economics
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Markets and its various forms
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Determination of Price in these markets
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Unemployment
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Population
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Indian Economy and its nature
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Fiscal Deficits
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Budget
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India's National Income
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External Debts
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Commercial Banks
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Economic Reforms
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Role and Functions of the Reserve Bank of India
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Infrastructure
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Factors of Production
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Demand and Supply
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Globalization
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Consumer Behavior
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Laws of Production and Production Possibilities Curve.
Chartered Accountant Common Proficiency Test (CA CPT) FAQs:
Ques 1. What is the CA-CPT Examination?
Ans. Common Proficiency Test is an entry-level test for Chartered Accountancy Course. The exam has four subjects i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.
Ques 2. Is CPT replaced by CA Foundation?
Ans. New subjects added in CPT and exam is renamed as CA foundation- entry-level exam to become CA. The new pattern is objective and subjective paper.
Ques 3. What is the passing mark for CA-CPT?
Ans. To pass the CPT, a candidate is required to secure a minimum of 30 % marks in each Section and a minimum of 50% marks in the aggregate of all Sections.
Ques 4. What is the entrance exam for Chartered Accountancy?
Ans. Common Proficiency Test is the entrance exam that a candidate gives an entrance level test to become the Chartered Accountant which every intending candidate is to clear before enrolling for the professional state. Candidates can attempt the CPT examination twice in a year in June & December.
Ques 5. How can I prepare for Chartered Accountancy (CA)?
Ans. To pursue CA, one has to clear 3 years exam names: CPT (entrance exam), IPCC (Intermediate exam) and the final CA exam. Students who want to join CA CA can give the CPT exam after completing Class 12th after clearing the CPT exam; students can appear for the IPCC exam after 9 months of preparation.
Ques 6. What will be the Application fee for CA-CPT?
Ans. The application fee is mentioned below:
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If candidates have selected Examination Centre in India, then Rs.1000/-
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If candidates have selected Test Centre in Kathmandu (Nepal), then Rs.1700/-
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If candidates have selected Test Centre in Abu Dhabi, Dubai, and Muscat, then $ 300.
Ques 7. Is CA-CPT exam Difficult?
Ans. The CPT exam is extremely difficult, but with enough practice, candidates should be able to pass it. The CA course journey is long and hard if a candidate has the dedication, the candidate qualifies for the exam.
Ques 8. What are the subjects in CA-CPT?
Ans. Candidates are advised to check the Syllabus section mentioned above.
Ques 9. I am a Science student, am I eligible for CA?
Ans. Yes, Science students can join the CA.
Ques 10. Is Math Compulsory for CA?
Ans. No, Math is not compulsory to join the CA.
CONCLUSION: This exam offers such a great opportunity for the interested and eligible aspirants to accomplish their goal. It is a good occasion for interested aspirants. We the team of estudentbook wishes you all the best for your upcoming future. For more information regarding this you can visit our official website estudentbook.com.
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