CPT EXAMINATION

Common Proficiency Test

Common Proficiency Test

Mode of ExamOffline
LevelUG/PG
Level of ExamNational Level

CPT or Common Proficiency Test (Renamed as "Foundation Course" from 2020) is the first or entry level examination of the prestigious Chartered Accoutancy course which is conducted bt Institute of Chartered Accountants of India (ICAI) every year. This exam is often termed as the gateway of CA exam and can be taken up by a student immediately after he is done with his class 12th board exams. The exam is conducted twice a year, in the months of June and December respectively.

Common Proficiency Test is an objective type multiple choice questions based examination carrying 200 marks.

The pen and pencil mode exam is of 4 hours divided into two sessions of 2 hours each. The question paper is widely divided into four sections.

A.Fundamentals of Accounting                            

B.Mercantile Laws

C.General Economics

D.Quantitative Aptitude

The weightage of each section is as followed:

Section

Subject

Maximum marks

Minimum marks

A

Fundamentals of Accounting

60

18

B

Mercantile Laws

40

12

C

General Economics

50

15

D

Quantitative Aptitude

50

15

 

ELIGIBILITY 

A candidate shall be eligible to appear in Common Proficiency Test scheduled to be held in December, 2020, if he/she has:
i) Either passed or appeared 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 and has complied with such requirements as may be specified by the Council from time to time.  (Click here for the list of examinations recognized as equivalent to Senior Secondary Examination); and 

ii) Revalidated his/her registration to Common Proficiency Course (as applicable):

As decided by the Council, the registration to the CPT is valid for a period of 3 years and the student is required to revalidate the same from the concerned Regional Office on expiry of the said period. Further, in order to be eligible for the examination, the student must be having a valid Registration number on the date of application to the Examination.

.

 

Exemption from Appearing in CPT: 

A student who wishes to pursue Chartered Accountancy may or may not take the Foundation Course (CPT). There is an alternate way through which the aspirant will not have to take the CPT exam:

Candidates who are graduate or post graduate in Commerce having secured in aggregate a minimum of 55% of total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) with certain subjects OR Graduates or Post Graduates other than those falling under Commerce stream mentioned above having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) are exempted from passing CPT. They can, hence, directly appear for IPCC exam.

 

 

CPT syllabus:

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
3.Bank Reconciliation Statement
4. Inventories
5. Depreciation accounting
6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions
8. Partnership Accounts
9. Introduction to Company Accounts

Mercantile Law

  • The Indian Contract Act , 1872
  • The Sale of Goods Act, 1930:
  • The India Partnership Act, 1932

General Economics

  • Micro Economics: Introduction
  • Theory of Demand and Supply
  • Theory of Production and Cost
  • Price Determination in Different Markets
  • Indian Economy – A Profile
  • Select Aspects of Indian Economy
  • Economic Reforms in India
  • Money and Banking

Quantitative Aptitude

  • Ratio and proportion, Indices, Logarithms
  • Equations
  • Inequalities
  • Simple and Compound Interest including annuity ? Applications
  • Basic concepts of Permutations and Combinations
  • Sequence and Series – Arithmetic and geometric progressions
  • Sets, Functions and Relations
  • Limits and Continuity - Intuitive Approach
  • Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)
  • Statistical description of data
  • Measures of Central Tendency and Dispersion
  • Correlation and Regression
  • Probability and Expected Value by Mathematical Expectation
  • Theoretical Distributions
  • Sampling Theory
  • Index Numbers
Application Start Date :

5th February 2020

Application End Date :

26th February 2020

Exam Date :

7th August 2020

Result Date :
Conducted By :

Institute of Chartered Accountants of India

Official Website : http://icaiexam.icai.org

Recent News View All