CPT rules of joint and exam details
What is the Common Proficiency Test?
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 with a break in between. CPT is an objective type test with negative marking.
2. Who can join the course?
A student who has passed the Class 10 examination conducted by an examining body constituted by law in India or (an examination recognized by the Central Government as equivalent thereto) may register for Common Proficiency Test.
3. What is the fees for registration?
The registration and tuition fee is Rs. 1500 which is to be paid along with filled in application form.
4. How to register for CPT?
A student should register with the Board of Studies on submission of the prescribed filled in form which can be obtained from the addresses given on page 3 in Box. The form can also be downloaded from the website www.icai.org.
5. What are the subjects to be studied?
SESSION–I (Two Sections– Two hours –100 Marks)
Section A: Fundamentals of Accounting (60 Marks) (Accountancy Class 12 CD pack )
Section B: Mercantile Laws (40 Marks)
SESSION–II (Two Sections–Two hours–100 Marks )
Section C: General Economics (50 Marks) (buy Economics Class 12 CD )
Section D: Quantitative Aptitude (50 Marks)
6. Should there be any study package?
Yes. The Board of Studies provides a comprehensive study package including large question bank. The Board of Studies also provides a CD for self-assessment. Using the CD a student can get question paper set of different subjects and test his level of preparation.
7. What is the fees to be paid for undergoing oral coaching?
Fees to be charged for different modules will be fixed by the accreditation with an intimation to the Board of Studies. This will be announced on www.icai.org along with the list of accredited institutions.
8. What is the eligibility for appearing in the examination?
A registered student may appear in Common Proficiency Test after he has appeared in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time.
9. How to make application for appearing in the examination?
A student has to follow the examination notification to be issued by the Examination Department of the ICAI and apply in the prescribed form along with the examination fee of Rs.300. Examination Department will announce the examination centres and issue admission card.
10. What is qualifying marks?
The qualifying marks is 50%. A student has to remember that CPT is an objective type test with a negative marking which will indicated in the question paper for selecting wrong option.
11. What is the next step after passing CPT?
After passing CPT and 10+2 standard conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto may join the Chartered Accountancy Course.
Education of Chartered Accountancy is divided into two levels:
! Professional Competence Course
! Final Course
There is a concurrent articled training of 3 ½ years.
After passing CPT and 10+2 standard examination as stated above, a student has to take admission to Professional Competence Course and simultaneously register for articled training. Detailed scheme of education and training of chartered accountancy is separately available in the website. Also you may procure a prospectus on payment of Rs. 100 plus courier charges of Rs. 15 for Delhi and Rs 25 for rest of India .
A student residing abroad may obtain the prospectus on payment of US $ 10 plus applicable postage charge.
12. What is the transition scheme for existing students of Professional Education (Course-I)? Can they join CPT?
Yes. All students of Professional Education (Course-I) can switch over to Common Proficiency Test (CPT). They have to apply in
the prescribed format to the appropriate Regional office of the Institute given in Box. They have to remit Rs.100 along with the filled in application form. The Board of Studies will send them study package free of cost for CPT. All such students are entitled to appear CPT examination proposed to be held on November, 2006.
There will be a facility for online application and remittance of fees. If an existing student of Professional Education (Course-I) is well prepared for appearing in Professional Education (Examination-I) what should he do?
All such students who intend to continue Professional Education
(Course-I) may appear in PE (Examination-I). The last PE (Examination-I) will be held in November 2007. This means such a student will get three attempts, i.e., November 2006, May 2007 and November 2007.
15. Can an existing Professional Education (Course-I) student switch over to CPT subsequently, i.e., any time after appearing Professional Education (Examination-I) to be held on November 2006, May 2007 and November 2007?
Yes. An existing Professional Education (Course-I) student can join CPT as per his choice after exhausting all available attempts of examinations or any time after the commencement of registration for CPT. He has to just indicate in the prescribed application form that he wants to switch over to CPT. He has to remit Rs.100 along with filled in application form.
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