Are graduates not required to give CPT to undergo the CA course?

Are graduates not required to give CPT to undergo the CA course?

The CA institute has passed a rule which says that a graduate does not have to give CPT; they can directly enroll for IPCC. The approval has been granted but it has not yet been applied. Therefore even a graduate has to give the CPT.

What is the structure of CPT and how many times is it conducted in a year?

CPT is an entrance exam for the person who is interested in doing their CA course. In order to do the CPT the basic requirement is that you should have passed your 10th Grade. If you meet this requirement then you can register with the CA institute. In Mumbai the CA institute is situated at Cuff Parade.

You can register for the CPT after your 10th Grade, but can take the exams only after your 12th Grade exams. The 12th Grade exams are held in the month of February and the CPT exam is conducted in the month of June. The CPT exam is conducted twice in a year, the second of which is held in December.

The paper is spread across 2 papers of 100 marks each. The first paper is split into 60 marks of Accounts and 40 marks assigned for Law. The second paper consists of 50 marks for Economics and 50 for Mathematics. The paper is based on the MCQ format and there is 1 mark for every right answer and a negative marking of .25. The negative marking can be altered by the CA institute, in which case it can be increased to .50. The overall passing cut-off across 2 papers is 50%. However the CA institute has been planning to have an individual cut-off for each subject which hasn’t been put to practice as yet. This implies that one has to score 100 out of 200 to pass the exam.

Tips to Crack CPT Exam

Tips to Crack CPT Exam :

  • Focus on theory of the whole chapter before getting to example questions. Solve maximum questions from the exercise.
  • Score more than 150 marks in maths especially if you are a non-maths student .
  • Give special focus to Mercantile Law and Contract Act topics as they are very important.
  • Ensure you are very good on Integration and differentiation, correlation and regression, theoretical distribution topics, to score well in  Quantitative Aptitude.
  • Start with the law paper first as it takes maximum time in the exam.
  • First focus on scoring subjects like macro economics and mercantile law. Micro economics can be solved later and you will get more time for accounts.
  • Ask a lot of questions and get them answered from blogs like ours. There is no short cut to success. Take help of experts.

Recommended Reference books for CPT

Recommended Reference books for CPT

Often people ask us : Which are the best reference books for CPT ?

Mainly ICAI study material is more than enough for your CPT preparations. Post that, you should solve all model test papers and past solved CPT papers.

Even after that if you may want to dive deeper into it, we’ve put down a list of recommended reference books for CPT below :

The best reference books for CPT are ;

  • 10 Simulated Practice Sets for CA-CPT (Chartered Accountant – Common Proficiency Test) Arihant Books
  • General Economics: For CA-Common Proficiency Test (CPT) by Deepashree Tata McGraw-Hill
  • Quantitative Aptitude : For CA Common Proficiency Test CPT by Kashyap Trivedi, Chirag Trivedi Tata McGraw-Hill
  • Fundamentals of Accounting for CA Common Proficiency Test (CPT) by P C Tulsian Tata McGraw-Hill
  • Common Proficiency Test Mercantile Laws by P.P.S. GOGNA S Chand Publication
  • Common Proficiency Test Quantitative Aptitude Statistics Volume-II by P.N. Arora, S. Arora S Chand Publication
  • Common Proficiency Test Quantitative Aptitude Mathematics Volume-I by P.N. Arora, S. Arora S Chand Publication
  • CA-CPT Mercantile Laws – Unitwise-Chapterwise Questions-Solutions (2012-2006) Arihant Books
  • Tulsian’s Key To Unlock, CA-CPT Entrance CA by (Dr.) P.C. Tulsian , Bharat Jhunjhunwala S Chand Publication
  • Common Proficiency Test Grewal’s Accountancy by Dr. M.P. Gupta , Dr. B.M. Agarwal , S Chand Publication.

Many also depend on Upkar Prakashan for all CPT subjects. 

As always, if we missed something or if you have any questions, feel free to comment below.




What’s the Syllabus for CPT exam preparation?

The CA – Common Proficiency Test (CPT)  syllabus consists of the below framework.

If you want to prepare for MCQ Question Bank then you need to cover the following topics :

Section A: Fundamentals of Accounting (60 Marks)
I. Theoretical Framework:

  1.  Meaning and Scope of Accounting,
  2.  Accounting Concepts, Principles and Conventions,
  3.  Accounting Standard – concepts, objectives, benefits,
  4.  Accounting Policies and
  5.  Accounting as a measurement discipline – valuation principles, accounting estimates.

Continue reading What’s the Syllabus for CPT exam preparation?

What is CPT ?

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.

Eligibility :

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 Continue reading What is CPT ?