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CA CPT [ICAI Chartered Accountant Common Proficiency Test]

Exam Description:

 The Institute of Chartered Accountants of India (ICAI) has released notification for CA CPT 2016 December exam. CA CPT 2016 is scheduled to be conducted on December 18, 2016. Candidates can now fill up the application form with their registered id on or before October 27. The entry level round, Common Proficiency Test (CPT) for Chartered Accountancy course is conducted twice each year, generally in the months of June and December. Candidates interested in applying for CA CPT 2016 December examination conducted for 2-year Chartered Accountancy (CA) programme can check here all about CA CPT December 2016 including application, eligibility criteria, important dates, exam pattern, exam centres, admit card and result, etc. as mentioned in this page below.


Date of Examination 18 June 2017
Time of Examination 6:00 PM
Examination Fees Rs.Rs. 6000/-
Eligibility To get eligible in CPT 2016 and study CA course candidate are required to meet the following eligibility criteria:
• Candidates must have passed SSC
• Candidates should have registered for the exam after completion of SSC.
• They write their exam after 10+2.
Starting date of registration 06 February 2017
Last date of registration 06 March 2017
Syllabus The syllabus for the CA CPTentrance exam has been given in the tabulated format below: Level of Knowledge : Basic knowledge SESSION – I Section A: Fundamentals of Accounting ( 60 Marks ) Objective: To develop conceptual understanding of the fundamentals of financial accounting system. Contents 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 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 there of. Bank Reconciliation Statement Inventories Basis of inventory valuation and record keeping. Depreciation accounting Methods, computation and accounting treatment of depreciation, Change in depreciation methods. Preparation of Final Accounts for Sole Proprietors Accounting for Special Transactions Consignments Joint Ventures Bills of exchange and promissory notes Sale of goods on approval or return basis. Partnership Accounts Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of good will. Introduction to Company Accounts Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares. Section B: Mercantile Law ( 40 Marks ) Objective: To test the general comprehension of elements of mercantile law Contents 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. 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. The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners-Registration and dissolution of a firm. SESSION – II(Two Sections- Two hours – 100 Marks) Section C: General Economics ( 50 Marks ) Objective: To ensure basic understanding of economic systems, economic behaviour of individuals and organizations. Contents Micro Economics Introduction to Micro Economics Definition, scope and nature of Economics Methods of economic study Central problems of an economy and Production possibilities curve. 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 behaviour – Marshallian approach and Indifference curve approach Meaning and determinants of supply, Law of supply and Elasticity of supply. 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. Price Determination in Different Markets Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly Price determination in these markets. Indian Economic Development 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 capita income in various plans. d.Basic understanding of tax system of India – Direct and Indirect Taxation 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. Economic Reforms in India Features of economic reforms since 1991 Liberalisation, Privatisation and Disinvestment Globalisation. 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 Ratio and proportion, Indices, Logarithms 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. Inequalities Graphs of inequalities in two variables – common region. 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 Textual, Tabular & Diagrammatic representation of data. Frequency Distribution. Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive Measures of Central Tendency and Dispersion Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean,Standard deviation, Quartile deviation Correlation and Regression Probability and Expected Value by Mathematical Expectation Theoretical Distributions – Biomial, Poisson and Normal. 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
Mode of application Candidates who are interested in giving ICAI CPT 2016 can apply online. The application form will be available online. The application process is given as follows:
• Candidates who have passed their SSC can apply.
• The application process is online.
• Upload your colour passport size photograph, your digital signature and documents mentioned the application.
• Candidates have to pay the mention fee online either using debit card or credit card.
CA CPT [ICAI Chartered Accountant Common Proficiency Test] scores CA CPT [ICAI Chartered Accountant Common Proficiency Test]
List of institutes accepting
Northern India Regional Council of The Institute of Chartered Accountants of India Central India Regional Council of The Institute of Chartered Accountants of India Eastern India Regional Council of The Institute of Chartered Accountants of India Southern India Regional Council of The Institute of Chartered Accountants of India Western India Regional Council of The Institute of Chartered Accountants of India Ahmedabad Branch of the Western India Regional Council of the ICAI Bangalore Branch of the Southern India Regional Council of the ICAI Baroda Branch of the Western India Regional Council of the ICAI, Chandigarh Branch of the Northern India Regional Council of the ICAI Coimbatore Branch of the Southern India Regional Council of the ICAI Ernakulam Branch of the Southern India Regional Council of the ICAI Hyderabad Branch of the Southern India Regional Council of the ICAI Indore Branch of the Central India Regional Council of the ICAI Jaipur Branch of the Central India Regional Council of the ICAI Nagpur Branch of the Western India Regional Council of the ICAI Pune Branch of the Western India Regional Council of the ICAI Surat Branch of the Western India Regional Council of the ICAI

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