CPT or Common Proficiency Test (Renamed as "Foundation Course" from 2021) 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 |
Total |
200 |
100 |
There’s negative marking 1/4 mark deduction (one fourth) for each wrong answer.
Candidates will be allowed to opt for Hindi medium Question Paper Booklet for answering the questions.
The students who qualify the CPT exam are eligible for the next phase of CA exam which is known as Integrated Professional Competency Course (IPCC).
CA CPT 2023 Eligibility Criteria There is a set eligibility criterion for the Chartered Accountant Foundation exam and the candidates sitting for the exam must fulfil those requirements to be eligible for admissions at any point if the candidate is unable to prove their eligibility they will be disqualified for the exam. The eligibility criteria for the CA CPT Exam foundation course are given below.
To sit for the foundation exam in June 2023 session the candidate must be registered with the Board of Studies by April 2023. The candidate must have given the 10+2 exam from a centre or state-recognised institution before giving the foundation exam. The candidates whose 10+2 results are awaited can appear for the exam. There is no age limit for the CA CPT exam. There are no minimum marks required for the foundation exam but candidates who have secured 55% or more marks in Bachelor in Commerce are exempted from writing the foundation exam altogether. |
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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: |
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CPT syllabus:
Fundamentals of Accounting
1.Theoretical Framework
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
General Economics
Quantitative Aptitude
Application Start Date | : | 3rd February 2023 |
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Application End Date | : | 3rd March 2023 |
Exam Date | : | 24th June 2023 |
Result Date | : | |
Conducted By | : | Institute of Chartered Accountants of India |
Official Website | : | http://icaiexam.icai.org |