Common Proficiency Test (CA CPT) Chartered Accountants Entrance Exam 2012 Dates syllabus

What is the Common Proficiency Test (CPT) ?

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
A Simplified Entry to the Chartered Accountancy Course
CPT will replace existing Professional Education (Course-I) which requires 10-month study period followed by an exhaustive theoretical examination.
CPT is an objective type test to be held every February, May, August and November. This will reduce long waiting for entry to the chartered accountancy education and training.
Common Proficiency Test will be an objective type multiple choice based examination. Candidates will be allowed to opt for Hindi medium Question Paper Booklet for answering the questions. Detailed information will be found given in the Information brochure.

Common Proficiency Test (CPT) is open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course and fulfill the requisite eligibility conditions.
– FAQ -Common Proficiency Test ( CPT) What is the Common Proficiency Test? Who can join the course?
What is the fees for registration? How to register for CPT? Should there be any study package? What is the eligibility for appearing in the examination? How to make application for appearing in the examination? What is qualifying marks?
What is the next step after passing CPT? What is the transition scheme for existing students of Professional Education (Course-I)? Can they join CPT?

No.13-CA (Exam)/CPT/June/2012: In pursuance of Regulation 22 of the Chartered Accountants
Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test (Paper- Pencil Mode) will be held on 17th June, 2012, Sunday in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre
First session (morning session) 10.30 a.m. to 12.30 p.m. (IST)
Section A-Fundamentals of Accounting
Section B-Mercantile Laws
Second session (afternoon session) 2.00 p.m. to 4.00 p.m. (IST)
Section C-General Economics
Section D-Quantitative Aptitude

Examination centres (in India)

Agra, Ahmedabad, Ahmednagar, Ajmer, Akola, Alappuzha, Aligarh, Allahabad, Alwar, Ambala, Amravati, Amritsar, Anand, Asansol, Aurangabad, Bangalore, Bareilly, Bathinda, Beawar, Belgaum, Bellary, Berhampore, Bhagalpur, Bharauch, Bhavnagar, Bhilwara, Bhopal, Bhubaneswar, Bhuj, Bikaner, Bilaspur, Chandigarh, Chennai, Coimbatore, Cuttack, Dehradun, Delhi/New Delhi, Dhanbad, Dundlod, Durg, Ernakulam, Erode, Faridabad, Gandhidham, Ghaziabad, Goa, Gorakhpur, Guntur, Gurgaon, Guwahati, Gwalior, Hisar, Hubli, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jalgaon, Jammu, Jamnagar, Jamshedpur, Jodhpur, Kanpur, Karnal, Kishangarh, Kollam, Kolhapur, Kolkata, Kota, Kottayam, Kozhikode, Kumbakonam, Latur, Lucknow, Ludhiana, Madurai, Mangalore, Mathura, Meerut, Moradabad, Mumbai, Muzaffarnagar, Mysore, Nagpur, Nanded, Nashik, Nellore, Noida, Palghat, Pali Marwar, Panipat, Panvel, Patna, Patiala, Pimpri-Chinchwad, Pondicherry, Pune, Raipur, Rajamahendravaram, Rajkot, Ranchi, Ratlam, Rewari, Rohtak, Rourkela, Saharanpur, Salem, Sambalpur, Sangli, Satara, Shimla, Sikar, Siliguri, Sirsa, Solapur, Sonepat, Sri Ganganagar, Surat, Thane, Thiruvananthapuram, Thrissur, Tinsukia, Tiruchirapalli, Tirupati, Tirupur, Tuticorin, Udaipur, Udupi, Ujjain, Vadodara, Vapi, Varanasi, Vellore, Vijayawada, Visakhapatnam, Yamuna Nagar
Overseas centres: Abu Dhabi, Dubai, Bahrain, Doha, Kathmandu
The council reserves the right to withdraw any centre at any stage without assigning any reason
Applications for admission to Common Proficiency Test is required to be made in the relevant prescribed form as contained in the information brochure, which may be obtained from the Additional Secretary (Examinations), The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi-110002 on payment of Rs 1000/- (Rs 500/- towards examination fee and Rs 500/- towards cost of application form and Information brochure) per application form
The fee for candidates opting for Abu Dhabi, Dubai, Doha and Bahrain centres will be US $160 (US $ 150 towards examination fee and US $ 10 towards cost of application form and information brochure) or its equivalent Indian Currency
The fee for the candidates opting for Kathmandu centre are required to remit INR 1350/-(INR 850/- towards examination fee and INR 500/- towards the cost of application form and information brochure) or its equivalent foreign currency
Since the cost of information brochure containing Common Proficiency Test application form includes the examination fee, no separate fee is required to be remitted at the time of submitting the filled in application form
The information brochure containing Common Proficiency Test application form will also be available in the regional and branch offices of the Institute and can be obtained there from on cash payment on or from 04th April, 2012
Common Proficiency Test application forms duly filled in may be sent so as to reach the Additional
Secretary (Examinations) at New Delhi not later than 25th April, 2012
Applications received after 25th April, 2012 shall not be entertained under any circumstances applications duly filled in will be received by hand delivery at the offices of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Hyderabad, Jaipur and Pune upto 25th April, 2012
Candidates residing in these cities are advised to take advantage of this facility
It may be noted that there is no provision for acceptance of application forms after 25th April, 2012 with late fee
The candidates who fill up the examination application form online at http://icaiexam.icai.org from
04th April, 2012 (10.00 hrs) to 25th April, 2012 (17.30 hrs) and remit the fee online by using either Visa or Master Credit/Debit Card shall not be charged Rs 500/- (i.e. cost of application form fee) in order to popularize filling-in of application form online
Common Proficiency Test (CPT) is open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course on or before 04th April, 2012 and fulfill the requisite eligibility conditions
Question Paper Booklet Language: Common Proficiency Test will be an objective type multiple choice questions based examination
Candidates will be allowed to opt for Hindi medium question paper booklet for answering the questions
Detailed information will be found given in the information brochure
The Institute of Chartered Accountants of India
(Set up under an Act of Parliament)
Post Box No-7112, ICAI Bhawan, Indraprastha Marg, New Delhi-110002

CA CPT – Important Dates forJune 2012 CPT Exam

Date of Common Proficiency Test – 17th June, 2012
The information brochure containing Common Proficiency Test application form will also be available in the regional and branch offices of the Institute and can be obtained there from on cash payment on or from 04th April, 2012
Common Proficiency Test application forms duly filled in may be sent so as to reach the Additional
Secretary (Examinations) at New Delhi not later than 25th April, 2012
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Common Proficiency Test (CPT) Paper-Pencil mode
The Common Proficiency Test (CPT) Paper-Pencil mode Examination will be held
on 17th June 2012 in accordance with the revised scheme of education, training and examination of the Chartered Accountancy Course. It is a 4 hours duration test comprising of two sessions of 2 hours each with a break between two sessions. The test will comprise of objective type questions with negative marking for choosing wrong answers.
For further details such as cities where examination would be held, timings of individual session, etc log on to the institute’s website www.icai.org for examination notification and detailed announcement hosted in this regard.

CA CPT – Important Dates forJune 2012 CPT Exam

Date of Common Proficiency Test – 17th June, 2012
The information brochure containing Common Proficiency Test application form will also be available in the regional and branch offices of the Institute and can be obtained there from on cash payment on or from 04th April, 2012
Common Proficiency Test application forms duly filled in may be sent so as to reach the Additional
Secretary (Examinations) at New Delhi not later than 25th April, 2012

Common Proficiency Test (CPT) Preparation Study Guide

Section A: Fundamentals of Accounting (60 Marks)
1. Theoretical Framework: (i) Meaning and Scope of Accounting, (ii) Accounting Concepts, Principles and Conventions, (iii) Accounting Standard – concepts, objectives, benefits, (iv) Accounting Policies and (v) 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 expenditure, 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: (a) Consignments, (b) Joint Ventures, (c) Bills of exchange and promissory notes, (d) 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, re-issue of forfeited shares, redemption of preference shares.
Section B: Mercantile Law (40 Marks)
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.
Section C: General Economics (50 Marks)
(I) Micro Economics
1. Introduction to Micro Economics: (a) Definition, scope and nature of Economics, (b) Methods of economics study, (c) Central problems of an economy and Production possibilities curve.
2. Theory of Demand and Supply: (a) Meaning and determinants of demand, Law of demand and Elasticity of Demand-Price, income and cross elasticity, (b) Theory of consumer’s behaviour Marshallian approach and Indifference curve approach, (c) Meaning and determinants of supply, Law of supply and Elasticity of supply.
3. Theory of Production and Cost: (a) Meaning and Factors of production, (b) Laws of Production-The Law of Variable proportions and Law of Returns to Scale, (c) Concepts of Costs – Short-run and long-run Costs, Average and Marginal costs, Total, fixed and variable costs.
4. Price Determination in Different Markets: (a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly, (b) Price determination in these markets.
(II) Indian Economic Development
5. Indian Economy – A Profile: (a) Nature of the Indian Economy, (b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian Economy, their problems and growth, (c) 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.
6. Select Aspects of Indian Economy: (a) Population – Its size, rate of growth and its implication for growth, (b) Poverty – Absolute and relative poverty and main programs for poverty alleviation, (c) Unemployment – Types, causes and incidence of unemployment, (d) Infrastructure – Energy, Transportation, Communication, Health and Education, (e) Inflation, (f) Budget and Fiscal deficits, (g) Balance of payments, (h) External debts,
7. Economic Reforms of India: (a) Features of economic reforms since 1991, (b) Liberalisation, Privatisation and Disinvestment, (c) Globalisation.
8. Money and Banking: (a) Money – Meaning and functions, (b) Commercial Banks – Role and functions, (c) Reserve Bank of India – Role and functions, Monetary policy.
Section D: Quantitative Aptitude (50 Marks)
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: (a) Textual, Tabular and Diagrammatic representation of data, (b) Frequency Distribution, (c) Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive.
11. Measures of Central Tendency and Dispersion: Airthmetic Mean, Median-Partition Values, Mode, Geometric Mean and Harmonic Mean, Standard deviation, Quartile deviation.
12. Correlation and Regression.
13. Probability and Expected Value by Mathematical Expectation.
14. Theoretical Distribution: 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 Numbers.