CA CPT COACHING IN CHANDIGARH

CPT is one of the renowned examinations which students aspire for. This exam is

conducted by ICAI (Institute if chartered accountant of India). Clearing the exam is the

best option for the candidates who aspire for a career in accountancy. Candidates who

have passed class X examinations conducted by any examining body constituted by the

Law in India or an exam that is recognized by the Government as equivalent thereto may

register for CPT.

Candidates who have registered for CPT may appear in the Common Proficiency Test

after they have appeared in the Senior Secondary Examination (10+2) conducted by an

examining body constituted by the Law of India (or any other examining body recognized

by the Central Government as equivalent thereto) and who has completed the requirement

as specified by the Institute from time to time.

Also, candidates who have registered themselves for CPT 60 days prior to the first day of

the month in which the exam is to be conducted i.e. on or before April 1st and October 1st

can appear in CPT exam to be held in June and December respectively.

CPT is held twice every year in the months of June and December.

Students who have completed two years of higher education including Diploma course

after passing 10th class, conducted either by Central/ State Government(s) and on passing

such a course have either been admitted to first year of graduation course or have passed

the graduation course conducted by any University, including Open Universities,

established by law in India shall also be eligible for admission to the Common

Proficiency Test (CPT).10+2 Examination of any other recognized

Board/University not covered above but recognized by the Association of

Indian Universities (AIU) as equivalent to Senior Secondary (10+2)

Examination as recognized by Central Government is also considerable.

5 (Five) passes at GCE ‘O’ level/GCSE/IGCSE in A/B/C Grades and two passes at GCE

‘Advanced’ level examination of the approved British Examining Bodies is recognized by the

Association of Indian Universities as equivalent to +2 stage qualification of an Indian Body.

Application form for CA CPT

The application form for CA CPT can be filled online by students who have

passed their class X from any board constituted by the Law in India or any

other equivalent paper. The application procedure is online; one can fill the

form on ICAI’s official website. The application form costs Rs. 100. The cost

of CPT registration is Rs. 6000 and the cost of CPT is Rs. 500. The payment of

fee can be made through Credit/ Debit Card or Bank Challan.

CA CPT Selection Procedure

CA is divided mainly into three segments:

Foundation Course: CPT- Common Proficiency Test, which is the entrance exam for the

program is held twice every year in the months of June and December. To appear in the exam

candidates have to first register for the programand to clear it a minimum 30% score in all

sections along with a minimum aggregate of 50% is required.

Intermediate Course: After successful completion of +2 exam and CPT, candidates are

eligible for the registration for IPCC (Integrated Professional Competence Course). Students can

choose from two options, either Group I and/or Group II. A minimum nine months of study period

is required after the completion of CPT for appearing in Group exams.

The orientation course is for one week with thirty five hour credit covering areas like office

procedure, general commercial knowledge, communication skills, business environment etc. After

completing the orientation course, a candidate has to gain competence in IT (Information

Technology), hundred hours of Information Technology Training (ITT) has to be completed by

the candidate, followed by the article ship.

Group I has four papers and Group II has three papers. This is the intermediate test commonly

known as IPCE (Integrated Professional Competence Examination).

Graduate candidates who have scored 50 % marks in subjects- Auditing and Commercial

Accounting and Mercantile law and graduates from other disciplines with a minimum of 55%

marks can appear directly in IPCC without having to appear in the foundation course.

On successfully passing either both groups combined or Group I alone of Integrated Professional

Competence Examination students can register as Article Assistants for a Three year period.

Final Course: Students can join CA final Course while still serving as Article Assistants. In

the last 12 months of Article training candidates have to undergo a 15 day course on General

Management and Communication skills (GMCS). GMCS can also be done after taking the

examination.

Candidates can take their final examinations on completion of the three year article ship or while

serving the last six months of the training.

CA CPT Exam Pattern

Common Proficiency Test commonly known as CPT is the gateway exam to CA course,

conducted by ICAI in June and December.

The FOUR hour test consists of objective questions ranging from Fundamentals of Accounts,

Mercantile Law, General Economics and Quantitative aptitude.

CPT exam is divided into two sessions containing 100 questions in each.

Out of the 100 questions from Session I, 60 are from fundamental Of Accounts and 40 from

Mercantile Law. Each right answer carries 1 mark each and for every wrong answer ¼ mark gets

deducted.

Session II contains 50 questions from General Economics and 50 from Quantitative Aptitude out

of the total of 100 questions.

TIME SHEDUAL IN CA CPT EXAM

• Total Marks – 200

• Mode of examination – Objective

• No. of Questions – 200

• Duration - 4 hours (two sessions of 2 hours each)

• Timing

• Session I (10.00 am to 12.00 am)

• Session II (2.00pm to 4.00pm)

CA CPT Syllabus

SESSION I

Section A: Fundamentals of Accounting (60 Marks)

Objective: To develop conceptual understanding of the fundamentals of

financial accounting system.

Contents:

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: Basis of 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: Issue of shares and debentures,

forfeiture of shares, reissue of forfeited shares, redemption of preference shares

Section B: Mercantile Laws (40 Marks)

Objective: To test the general comprehension of elements of mercantile law

Contents:

1. The Indian Contract Act ,1872: An overview of Sections 1 to 75 covering the general

nature of contract, consideration, other essential elements of a valid contract, performance

of 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 Indian Partnership Act, 1932: General Nature of Partnership–Rights and

duties of partners –Registration and dissolution of a firm.

SESSION –II

Section C: General Economics (50 Marks)

Objective: To ensure basic understanding of economic systems, economic Behavior of

individuals and Organizations.

Contents:

(I) Micro Economics:

1. Introduction to Micro Economics: Definition, scope and nature of Economics, Methods

of economic study, 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 behavior–

Marshallian 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.

(II) 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, Liberalization,

Privatization and Disinvestment, Globalization

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 (50 Marks)

Objective: To test the grasp of elementary concepts in Mathematics and Statistics and

application of the same as useful quantitative tools.

Contents:

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 to 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 (excluding trigonometric functions)

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,Standard Deviation

12. Correlation and Regression

13. Probability and Expected Value by Mathematical Expectation

14. Theoretical Distributions Binomial, Poisson and Normal

15. Sampling Theory:Basic Principles of sampling theory, Comparison between sample survey

and complete enumeration, Errors in sample survey, Some important terms associated with

sampling, Types of sampling, Theory of estimation, Determination of sample size.

16. Index Number

HOW TO PREPARE CA CPT EXAM

Preparing for CA CPT COACHING is not an easy task but it isn't impossible either, with the right

attitude and dedicated hard work anyone with an average intelligence can crack this exam.

All you need is the right guidance and ability to work hard and keep your consistency.

Below are few guidelines that you should follow to better your chances at cracking CPT

Coaching .

1. The Right mindset: Not just for cracking CPT or any other competitive exam, a right

mindset is required to excel at almost anything. Most students think CPT as a tough competitive

exam but in reality if prepared the right way it’s easy to crack. All you have to do is believe on

your abilities and keep yourself motivated at all times.

2. Planning well: Nothing big has ever been achieved without a good plan. To crack CA CPT

you have to have an elaborate plan encompassing your time schedules, syllabus completion and

revisions. Creating a good and solid plan and consistently following it will keep things moving

smooth and your course won't pile up. You will save a lot of time as there would be no room for

procrastination. First of all, jot down a complete list of syllabus that you have to prepare, rate

different topics on the basis of your interest and prior knowledge and start finishing the higher

rated topics first.

This will give you immense confidence as you will see that a lot has been done already. The

closer you get to your goal the more your motivation and the drive to succeed will increase. So

plan solid and act on it, on a daily basis!

3. Preparing thoroughly: A thorough preparation is required to crack CPT. The paper

covers four subjects’ viz. Fundamental of Accounting, Mercantile Laws, General Economics and

Quantitative Aptitude. As the course is wide, a strong preparation is required. To do that the first

step would be to gather complete study material, CA CPT notes, books etc. Try to get your hands

on some sample papers so that you get an overall idea of what comes in paper and how to best

answer it for maximum success.

4. Gather your resources: Often, students are baffled regarding what to study and from

where, for a lot of competitive exam including CA CPT the course is very wide including topics

from various subjects. Different students prefer different ways of preparation, while some take the

aid of coaching institutes other prepare on their own. Coaching institutes often provide a lot of

help as they provide ready-made study material in the form of notes, lectures, assignments, CA

CPT test series, study material.

The same benefits of regular coaching can also be reaped by joining an online course, joining an

online course provides you all the benefits of regular coaching with the added advantages of time

saving, 24*7 access to teachers and counselors, digital notes, video lectures, 2D and 3D

presentations for better understanding, test series etc.

Students can also prepare on their own without any coaching aid but this is not advised as looking

for different resources take up a lot of time and also leaves a lot of room for miss-information and

errors. Also, students won't be able to get solutions to their problems quickly.

5. Revision: Perhaps the second most important thing after preparation in the list, revision is

must to ensure that you transform your knowledge into marks in exam. Revision is required after

you have completed each topic to transfer all that you have learned to your permanent memory.

Take out one day from your week, weekends serve better, for revision of all that you have learned

so far. Attempt new problems by using the new knowledge that you have gained in the week to

learn effective implementation because this is the only thing that will translate your knowledge

into successful clearing of the exam. Learn to implement your knowledge, find ways to make it

better!

6. Preparing for the exam: Overlooked by most students, this crucial step is integral for

successful execution of the exam, candidates prepare throughout the year but they don’t practice

test papers enough and on the day of exam they get anxious and fail to deliver their best. This can

be tackled by attempting a lot of test papers, mock tests in a quasi-exam environment.

To overcome this fear and anxiety you can also join an online test series wherein you will get

enough exposure on how to effectively tackle the exam and will be graded on a national level, this

way you can also track your position amongst the competition and alter your strategies

accordingly.