what is the process of Common Proficiency Test (CPT) ?

How to Join CPT?

A student who has passed the class 10 examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto can join the CPT after registration.

The Fees for Registration

The registration fees are Rs. 1,500, which is to be paid along with a filled in application form.

Registration for CPT

A student should register with the Board of Studies by submitting the prescribed form, which can be obtained from offices of the Institute. The form can also be downloaded from the website http://www.icai.org.

The subjects to be studied

Session-I (Two Sections-Two hours-100 Marks)

* Section A: Fundamentals of Accounting (60 Marks)

* Section B: Mercantile Law (40 Marks)

Session-II (Two Sections-Two hours - 100 Marks)

* Section C: General Economics (50 Marks)

* Section D: Quantitative Aptitude (50 Marks)

Check out Common Proficiency Test (CPT) Preparation Book containing objective Questions as per latest Syllabus

• CA CPT Accountancy Sample questions
• General Economics
• Mercantile Law Sample questions

The Eligibility for Appearing in the CPT

A registered student may appear in CPT after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.

Application for Appearing in the Examination

A student has to apply in the prescribed form along with the examination fee of Rs. 300 within the stipulated period. Examination forms will be available at different offices and branches of the Institute.

The Qualifying Marks

The qualifying marks are 50%. A student has to keep in mind that CPT is an objective type test with negative marking as will be indicated in the question paper for selecting the wrong option.

The Next Step after Passing CPT

After passing CPT and 10+2 examination, a student may join the Chartered Accountancy Course which is divided into following two levels and undergo practical training for 3 ½ years:

CPT Exam tips...

1) IF ur not from Maths background, then plz keep it in ur mind that u have to get passing marks out of 150.

2) Before Starting revision any chapter of accounts, first study whole theory of that chapter and then only solve 1 or two questions from examples. But solve Maximum questions from EXERCISE.

3) Prepare Mercantile Law Very well, because it was the only scoring subject after accounts. Contract Act is important one.

4)In economics 1st complete Macro economics then go for micro economics. Macro Economics aslo very scoring.

5) IN Quantitative Aptitude, Differentiation and integration, Correlation and regression and theoritical distribution is important one.

6) And make the Strategy to solve M. LAW paper 1st in examination, because u will get more time to solve accounts.

7) PLZ WORK hard in studies, because there is no Short cuts for Success. But u can do ur work Systematically, Which will help u 2 go to the path of Success.

Common Proficiency Test (CPT) goes online in December 2008

CAI plans to hold the Common Proficiency Test online in 11 cities in December

Some of the one lakh Chartered Accountancy aspirants registering for the Institute of Chartered Accounts of India’s (ICAI’s) entrance test may attempt it online for the first time, in 11 cities this December. A yet-unknown but limited number of slots for the online Common Proficiency Test (CPT) were to be up for grabs on a first-come-first-served basis.

In addition to its conventional test, ICAI plans to hold it online, as a pilot project, on December 7 at centres in Delhi, Mumbai, Chennai, Kolkata, Kanpur, Jaipur, Ahmedabad, Pune, Hyderabad, Bangalore and Nagpur. While the deadline for CPT registration was October 1, application for the exam was scheduled to begin on October 6 and will take place till October 26 or in the case of the online CPT, when all the slots are filled, “whichever is earlier.”

Says Ved Jain, President, ICAI, “Students can choose only one option,” – either the online test, or the paper-based one scheduled for December 14.

Going by official figures, the December test is drawing a large number of contenders for the Chartered Accountancy programme, revamped in 2006. About one lakh have registered for it as compared to 76,000 who sat for the CPT in June 2008.

Meanwhile, in its ever-flowing stream of activities, ICAI recently formally registered the chartered Accountants’ Student Benevolent Fund. The Fund promises payment of up to Rs. 1 lakh for treatment of specified, serious illnesses and the same amount as ex-gratia in case of unnatural or premature death. Students will not have to chip in anything in the kitty. The ICAI president has requested members to “generously” donate so the institute can give financial assistance as well as other benefits to poor and deserving learners.

ICAI is also going to introduce classroom-based certificate programmes in International Financial Reporting Standards (IFRS) and Valuation in mid-October. The 80-hour IFRS programme is slated for debut in Delhi and Mumbai and the 100-hour Valuation course in Delhi, Chennai and Mumbai. Registration is expected to begin on October 1. Though these continuing education courses are meant for CAs, Jain said, “We can welcome people concerned with this in government ministries and departments, as well.”

CA CPT Model question bank issued by ICAI

Click on the following for the direct link to www.icai.org

Book 1
Book 2

All the Best!