CPT Exams

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Study Material Exams Eligibility Syllabus Exam Pattern

CPT Study Material

We provide study material for the preparation of CPT. The subjects covered in CPT (Common Proficiency Test) are General Economics, Fundamentals of accounting, Mercantile law, Quantitative aptitude. We provide video lectures, notes, practice question, etc. for the preparation of Common Proficiency Test.

CPT (Common Proficiency Test) EXAMS

Chartered Accountancy open a vast range of career opportunities, in all the sectors. To become a Chartered Accountant one has to clear three exams that are CPT exam, IPCC (Intermediate exam) and the final CA exam. Chartered accountants work in all fields of business and finance, including auditing, taxation, financial and general management.

CPT OR Common Proficiency Test is the first level of Chartered Accountancy examinations in India. This exam is conducted online as well as paper pencil mode.

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Eligibility of CPT Exams

Educational Qualification

  • Candidates must have passed their 10th and 12th level qualifying examination from a recognized board of education or equivalent examination.
  • Candidates must have registered with ICAI for CPC course before June 30, 2017, to be eligible for appearing in CPT exam.
  • Candidates who have completed bachelor or master’s degree in commerce with at least 55% marks are exempted from appearing in CA CPT 2018,
  • Candidates holding bachelor or master degree in a stream other than commerce must have obtained at least 60% marks in aggregate of all subjects are also exempted from appearing in the entry level test.

Syllabus of CPT Exams

Section A: Fundamentals of Accounting

  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 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
    • The basis for 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
    • Consignments
    • 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
    • An issue of shares and debentures
    • Basic concepts of admission, retirement, and death of a partner including treatment of goodwill

Section B: Mercantile Laws

  1. The Indian Contract Act, 1872
    • An overview of Sections 1 to 75 covering the general nature of the contract
    • Consideration
    • Other essential elements of a valid contract
    • Performance of a 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

Section C: General Economics

  1. Introduction to Micro Economics
    • Definition, scope, and nature of Economics
    • Methods of economic study
    • The Central problems of an economy and Production possibilities curve
  2. 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 – Marshall Ian approach and Indifference curve approach
    • Meaning and determinants of supply, Law of supply and Elasticity of supply
  3. 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
  4. Price Determination in Different Markets
    • Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
    • Price determination in these markets
    • Indian Economic Development
  5. 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 capital income in various plans.
    • Basic understanding of tax system of India – Direct and Indirect Taxation
  6. Select 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
    • Inflation
    • Budget and Fiscal deficits
    • Balance of payments
    • External debts
  7. Economic Reforms in India
    • Features of economic reforms since 1991
    • Liberalisation, Privatisation, and Disinvestment
    • Globalisation
  8. Money and Banking
    • Money – Meaning and functions
    • Commercial Banks – Role and functions
    • Reserve Bank of India – Role, and functions, Monetary policy

Section D: Quantitative Aptitude

  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 of 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
  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
    • Quarterly deviation
  12. Correlation and Regression
  13. Probability and Expected Value by Mathematical Expectation
  14. Theoretical Distributions
  15. Sampling Theory
    • Basic Principles of sampling theory
    • Comparison between sample survey and complete enumeration
    • Errors in sample surveys
    • Some important terms associated with sampling
    • Types of sampling
    • Theory of estimation
    • Index Numbers

Exam Pattern of CPT Exam

Section Subject Marks Time
Section – A Fundamentals of Accounting 40 2 Hours
Section - B Mercantile Laws 60 2 Hours
Section - C General Economics 50 2 Hours
Section - D Quantitative Aptitude 50 2 Hours
Total 200

Instructions:

  1. CA CPT is a Pen and paper-based test.
  2. CA CPT is conducted in two sessions.
  3. The entrance exam consists of objective type questions of 200 marks.
  4. Each session is of two hours and the total time duration of CA CPT is of four hours.
  5. The medium of CA CPT is English or Hindi.
  6. 0.25 marks are deducted for every incorrect response.
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