What is Common Proficiency Test?
It is an entry level test for Chartered Accountancy Course. It is a test of four subjects i.e., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is of 200 marks. This test is divided into two sessions of two hours each with a break in between. CPT is an objective type test with negative marking.
Who can join the course?
A student who has passed the Class 10 examination conducted by an examining body constituted by law in India or (an examination recognized by the Central Government as equivalent thereto) may register for Common Proficiency Test.
What is the fees for registration?
The fees payable for the Common Proficiency Test is Rs.1000/- for centres in India, Rs.1700/- for centres in Kathmandu (Nepal) and $ 300/- for centres in Abu Dhabi, Doha, Dubai & Muscat
How to register for CPT?
A student should register with the Board of Studies on submission of the prescribed filled in form which can be obtained from the addresses given on page 3 in Box. The form can also be downloaded from the website www.icai.org.
What are the subjects to be studied?
SESSION–I (Two Sections– Two hours –100 Marks)
Section A: Fundamentals of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks)
Also Check out CA-CPT Solved Question Papers (CA-CPT Study Material)
SESSION–II (Two Sections–Two hours–100 Marks )
Section C: General Economics (50 Marks)
Section D: Quantitative Aptitude (50 Marks)
Also Check out CA-CPT Solved Question Papers (CA-CPT Study Material)
Should there be any study package?
Yes. The Board of Studies provides a comprehensive study package including large question bank. The Board of Studies also provides a CD for self-assessment. Using the CD a student can get question paper set of different subjects and test his level of preparation.
What is the fees to be paid for undergoing oral coaching?
Fees to be charged for different modules will be fixed by the accreditation with an intimation to the Board of Studies. This will be announced on www.icai.org along with the list of accredited institutions.
What is the eligibility for appearing in the examination?
A registered student may appear in Common Proficiency Test after he has appeared in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time.
How to make application for appearing in the examination?
A student has to follow the examination notification to be issued by the Examination Department of the ICAI and apply in the prescribed form along with the examination fee of Rs.300. Examination Department will announce the examination centres and issue admission card.
What is qualifying marks?
The qualifying marks is 50%. A student has to remember that CPT is an objective type test with a negative marking which will indicated in the question paper for selecting wrong option.
What is the next step after passing CPT?
After passing CPT and 10+2 standard conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto may join the Chartered Accountancy Course.
Education of Chartered Accountancy is divided into two levels:
! Professional Competence Course
! Final Course
There is a concurrent articled training of 3 ½ years.
After passing CPT and 10+2 standard examination as stated above, a student has to take admission to Professional Competence Course and simultaneously register for articled training. Detailed scheme of education and training of chartered accountancy is separately available in the website. Also you may procure a prospectus on payment of Rs. 100 plus courier charges of Rs. 15 for Delhi and Rs 25 for rest of India .
A student residing abroad may obtain the prospectus on payment of US $ 10 plus applicable postage charge.
What is the transition scheme for existing students of Professional Education (Course-I)? Can they join CPT?
Yes. All students of Professional Education (Course-I) can switch over to Common Proficiency Test (CPT). They have to apply in the prescribed format to the appropriate Regional office of the Institute given in Box. They have to remit Rs.100 along with the filled in application form. The Board of Studies will send them study package free of cost for CPT. All such students are entitled to appear CPT examination proposed to be held on the given dates.
There will be a facility for online application and remittance of fees. If an existing student of Professional Education (Course-I) is well prepared for appearing in Professional Education (Examination-I) what should he do?
–CA CPT Form 2020, CA CPT 2020 May Application Form – Apply Online
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– How to prepare for CA CPT Exam ?
– Common Proficiency Test ( CPT) Exam Syllabus
– Common Proficiency Test Exam Sample Papers
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