CPT is the acronym for Common Proficiency Test. Common Proficiency Test or The CPT as we call it is the first level of Chartered Accountancy examinations.
A person can register for CPT after completing HSC. Students who have passed their 10 + 2 can enroll for the Common Proficiency Test (CPT). Registrations for CPT are open all year round. Students have to ensure that they register at least 10 months before the examination.
Test Pattern and Subjects :
CPT covers four basic subjects divided into two sections. This test is of 200 marks. CPT is an objective type test with negative marking.It is an objective type examination and consists of 200 multiple choice questions(MCQs).
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)
Every incorrect answer on the CPT exam carries a
The exam is conducted twice a year in May and November. Online CPT exams are also conducted periodically. With effect from 3rd Aug 2012 – CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPCC.
Refer to this article from The Hindu to understand the historical relevance of the CPT exam.
A Few links from the official website of the Institute of Chartered accountants of India will reveal a lot more about the basic information of the exams like :
- About the Course
- Where to get information
- Where to submit Registration Form
- Subjects & Syllabus
- Fee Structure
- Accreditation etc.
If you have any questions regarding CPT, feel free to leave a comment and we will get back to you asap.