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The advent of liberalization in India, without doubt has given a chance to many private financial firms to boost their economies. With lots of trade and investments policies, there has been a continuous growth in the private sector. But, handling all these financial practices have always been a complex act. Keeping this thing in mind, every private firms ranging from banks to insurance sectors, appoint Chartered Accountants or CAs. CA is the professional who are entrusted with trust and responsibility, acting as expertise responsible for various financial activities carried under the companies. To be a chartered accountant is considered to be a big achievement. It has a great scope, offering bright prospects in corporate world especially in Finance.
If you think that you have a good aptitude for numbers and want to make a career in finance, then accept the fact that you’re born to be a chartered accountant. Pursuing CA as a career option is by no means an easy task. One needs to go through plenty of exams and long training session. The path to become CA starts with an aptitude test that is held every year. CA-CPT is a common aptitude test that judges aspirants’ capabilities in the following four areas i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. If a candidate qualifies CPT test then he/she will be eligible to write IPCC (Integrated Professional Competence Course) exam that is conducted in two sessions. CA-CPT exam is usually held every year in the month of June.
Eligibility:- Students who wish to pursue Chartered Accountancy Course can register for the Common Proficiency Course (CPC) after passing 10th examination and can appear for CPT either on appearing or passing 10+2 examination. Students who wish to pursue the next step of CA course are required to qualify CPT as well as 10+2 or its equivalent examination.
CA CPT Registration / Application Form
Application for admission to Common Proficiency Test is required to be made in the relevant prescribed form as contained in the Information Brochure, which may be obtained from various branches of ICAI on payment of Rs.1000/- (Rs.500/- towards examination fee and Rs. 500/- towards cost of application form and information brochure).
Apply online on website: - http://icaiexam.icai.org . Applicants only need to pay Rs 500/- towards the examination fee (by using VISA or MASTER Credit/ Debit Card). They shall not be charged Rs. 500/- (i.e. cost of application form fee).
CA CPT Exam Dates
CA CPT December 2014 will be held on 14th December, 2014 (Sunday).
First Session (i.e. Morning Session) 10.30 AM to 12.30 PM (IST)
Section - A Fundamentals of Accounting
Section - B Mercantile Laws
Second Session (i.e. Afternoon Session) 2.00 PM to 4.00 PM (IST)
Section - C General Economics
Section - D Quantitative Aptitude
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CA CPT Syllabus
Candidates appearing for CA CPT exam should possess basic knowledge of subjects like fundamental accounting, mercantile law, quantitative aptitude and general economics. Syllabus for all the mentioned subjects is as given below:-
•Fundamental Accounting: - Introduction to Company Accounts, Partnerships Accounts Theoretical Framework, Depreciation Accounting, Bank Reconciliation Statement etc.
•Mercantile Law:- Different types of acts like goods act 1930, Indian contract act 1872 and Partnership act 1932.
•Quantitative Aptitude: - basic concepts of differential and integral calculus, sets, functions and relations, simple and compound interest, ratio and proportion, logarithms and Indices.
•General Economics: - Economy reforms in India, theories on production and cost, demand & supply and micro economics.
CA CPT Paper Pattern:-
It is an entry level test for Chartered Accountancy Course, which is held twice a year in June and December for registered students of Common Proficiency Course (CPC).
The test comprises of four subjects viz., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test basic knowledge in these subject areas. This test is for 200 marks and is divided into two sessions of two hours each with a break in between. CPT is an objective type test with negative marking. Subjects are to be studied in CPT as follows:
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 )
Section D: Quantitative Aptitude ( 50 marks)
CA CPT Preparation
Candidate should keep one thing in mind that CA is a professional course hence success can only be achieved if practical approach is adopted. Mugging out thoroughly the whole night before the exam won’t work. Try to make a proper time table for your studies and ensure that you are implementing the time table. Make such a schedule for preparation that you can easily allocate 2-3 hrs to each subject. Subjects like Audit with Financial Management, Indirect Taxation with Accounts need more dedication.
CA Coaching Institutes
CA Preparation Tips
CA CPT Sample Papers
CA CPT Notification
CA CPT December 2014 notification
CA CPT December 2014 will be held on 14th December, 2014 (Sunday)
First Session (i.e. Morning Session): 10.30 AM to 12.30 PM (IST)
Section - A: Fundamentals of Accounting
Section - B: Mercantile Laws
Second Session (i.e. Afternoon Session) 2.00 PM to 4.00 PM (IST)
Section - C: General Economics
Section - D: Quantitative Aptitude
Apply online on website:- http://icaiexam.icai.org. from 7th October, 2014 [Tuesday] (10.00 hrs) to 28th October, 2014 [Tuesday] (17.30 hrs)
Application Fee:- Rs 500/- can be paid online through VISA or MASTER Credit/ Debit Card. Candidates will not be charged extra of Rs 500/- (i.e. cost of application form fee).
The Information brochure containing Common Proficiency Test application form will also be available at Regional and Branch Offices of the Institute and can be obtained there on cash payment of Rs 1000/- ( Rs 500/- towards examination fee and Rs 500/- towards cost of application form and Information brochure) from 7th October, 2014 [Tuesday] to 28th October, 2014 [Tuesday].
Common Proficiency Test application forms duly filled in may be sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 28th October, 2014 [Tuesday].
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