CA- CPT / Foundation

CA CPT tests a student in four areas viz. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.

CA FOUNDATION which Accounting & Mercantile Laws, are subjective out of papers

Introduction

Students who wish to pursue Chartered Accountancy Course can register for the Common Proficiency Course (CPC) after passing 10th examination and can appear in the CPT either on appearing or passing 10+2 examination. A student who wishes to pursue the next step of CA course is required to qualify CPT as well as 10+2 or its equivalent examination. Details of this route will be cleared to you by the expert faculties at PACE Professional Academy.

It is an entry level test for Chartered Accountancy Course, which is held twice a year in June and December for registered students of Common Proficiency Course (CPC). It is a test of four subjects viz., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test basic knowledge in these subject areas. This test is for 200 marks and is divided into two sessions of two hours each with a break in between. CPT is an objective type test with negative marking and you will be prepared accordingly by our expert faculty.

Subjects are to be studied in CPT as follows

SESSION – I ( Two Sections – Two hours – 100 marks )                         

  •  Section A: Fundamentals of Accounting ( 60 marks )
  •  Section B: Mercantile Laws ( 40 marks )

SESSION – II ( Two Sections – Two hours – 100 marks)

  •  Section C: General Economics ( 50 marks )
  •  Section D: Quantitative Aptitude ( 50 marks )

To appear in the Common Proficiency Test (CPT) registered students of the course have to fill separate examination application form as per the Notification/Announcement issued by the Examination Division.

Direct Entry Route

Students who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognised University (including open University) by studying any three papers carrying a minimum of 50 marks in a semester/ year and cumulatively 100 or more marks over the entire duration of the concerned course out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management

Accounting or similar to the title of these papers with different nomenclatures or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) and candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Common Proficiency Test (CPT) and can register directly to Intermediate (IPC) Course.