CPT & CIET : Common Proficiency Test & Chartered Accpimtamcy Entrance TestThe common Proficiency Test (CPT)2015 Is conducted by the Council of the institute conduted by the Insititute of Chartered Accountants of India (ICAI)
Chartered Accountants of India (ICAI)
- First Session (i.e. Morning Session): 10:30 A.M. to 12:30P.M. (IST)
Section-A: Fundamentals of accounting Section-B: Mercantile Laws
- Second Session (Afternoon Session): 02:00P.M. to 04:00 P.M.
Section-C: l General Economics
Section-D: Quantitative Aptitude
What is CPT Exam?
This is the entrance examination of Chartered Accountancy Course. CA CPT tests a student in four areas viz. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. CPT is an objective type test with negative marking for each wrong option.
Registration and Eligibility for CA CPT Course
After passing class 10th, a student is eligible for registration for Common Proficiency Test. But a student can appear for CA-CPT only if he has appeared in the Senior Secondary Examination (10+2 Examination).
A student who has got himself registered for Common Proficiency Test 60 days prior to the first day of the month in which CPT examination is to be held i.e. on or before 1st April and 1st October, can appear in the CPT examination to be held in June and December respectively. Common Proficiency Test examinations are held in June & December every year.
To apply for admission to the CPT course a student is required to apply in the prescribed form.
- A student may buy Prospectus from ICAI center by remitting Rs.100. The application form is available in the Prospectus.
- Alternatively, the application Form can be downloaded.
Validity of CPT registration
- Initial registration for Common Proficiency Course (CPC) is valid for 3 years.
- Fee for revalidation is Rs. 300/- for 3 years period.
- Demand Draft towards registration fees.
- Proof of date of birth: Class 10 th admit card and 10 th pass marksheet/10th pass certificate indicating Date of birth/duly attested by a chartered Accountant/Gazetted officer/Head of the institute.
- Attested copy of 12th pass or its equivalent qualification as recognized by central government, if passed
- Proof of Nationality, of student is foreigner
- Proof of special category certificate i.e., SC/ST/OBC AND Disabled.
syllabusThis test is divided into two sessions of two hours each
SESSION-I (two sections-two hours-100 marks)
- Section A: Fundamentals of accounting (60 marks)
- Section B: Mercantile laws (40 marks)
- Section C: General economics (50 marks)
- Section D: Quantitative Aptitude (50marks)
Passing criteria in CPT
CPT is an objective type test with a negative marking which will be indicated in the question paper, There is a negative marking for selecting wrong answer to the extent of 25% marks allotted to a question.
A CPT Candidate shall be declared to have passed the test of he obtains at one sitting a minimum of 30% marks in each section and a minimum of 50% marks in aggregate of all the sections, subject to the principle of negative marking.
Registration for CPT: The candidate needs to register with the Institute of Chartered Accountants of India (ICAI) for the Common Proficiency Test (CPT) after passing the Standard X examination.
Passing the CPT examination: The CPT examination is held twice in a year - in June, and in December. The candidate can appear for the CPT examination after appearing for the standard XII examination, and after the completion of a period of a minimum of 60 days from the date of registration for CPT with the ICAI, as on the first day of the month in which examination is to be held, i.e. candidates registered on or before 1st April / 1st October are eligible to appear in June / December examination respectively.
Registration for IPCC: In order to register for the Integrated Professional Competence Course (IPCC), the candidate should pass both CPT and 10+2. Registration for the IPCC should be done 9 months prior to the first day of the month in which examination is held. IPCC comprises of a total of 7 papers. Group I consists of 4 papers and Group II consists of 3 papers. For pursuing Articleship, passing Group I is essential.
Orientation and ITT: The orientation course is one week long, spanning 35 hours and covers topics such as communication skills, personality development, office procedure general commercial knowledge etc. Information Technology Training (ITT) orientation is spans 100 hours and must be completed in order to register for Articleship.
Appearing and passing IPCC Group I Exam: The candidate can appear and pass Group I or both groups of Integrated Professional Competence Examination (IPCE).
Registration for Articleship: After passing either Group I or both IPCE Groups, the candidate can register as Articled Assistant for a period of 3 years Practicing Chartered Accountant.
Appearing and passing IPCC Group II Exam: If the candidate has not already passed Group II of the Integrated Professional Competence Examination (IPCE), this can be done during the Articleship.
Registration for CA Final Course: The candidate may register for the CA Final Course on passing the two groups of IPCC.
Appearing and Passing CA Final Course: The candidate can appear for the CA final examination during the last 6 months of 3 years of articled training.
Complete Articleship: Complete 3 years period of articled training.
GMCS: Successfully complete the course on General Management and Communication Skills over a period of 15 days.
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