CPT or Common Proficiency Test (Renamed as "Foundation Course" from 2021) is the first or entry level examination of the prestigious Chartered Accoutancy course which is conducted bt Institute of Chartered Accountants of India (ICAI) every year. This exam is often termed as the gateway of CA exam and can be taken up by a student immediately after he is done with his class 12th board exams. The exam is conducted twice a year, in the months of June and December respectively.
Common Proficiency Test is an objective type multiple choice questions based examination carrying 200 marks.
The pen and pencil mode exam is of 4 hours divided into two sessions of 2 hours each. The question paper is widely divided into four sections.
A.Fundamentals of Accounting
B.Mercantile Laws
C.General Economics
D.Quantitative Aptitude
The weightage of each section is as followed:
Section |
Subject |
Maximum marks |
Minimum marks |
A |
Fundamentals of Accounting |
60 |
18 |
B |
Mercantile Laws |
40 |
12 |
C |
General Economics |
50 |
15 |
D |
Quantitative Aptitude |
50 |
15 |
Total |
200 |
100 |
There’s negative marking 1/4 mark deduction (one fourth) for each wrong answer.
Candidates will be allowed to opt for Hindi medium Question Paper Booklet for answering the questions.
The students who qualify the CPT exam are eligible for the next phase of CA exam which is known as Integrated Professional Competency Course (IPCC).
ELIGIBILITY . |
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Exemption from Appearing in CPT: A student who wishes to pursue Chartered Accountancy may or may not take the Foundation Course (CPT). There is an alternate way through which the aspirant will not have to take the CPT exam: |
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CPT syllabus:
Fundamentals of Accounting
1.Theoretical Framework
2.Accounting Process
3.Bank Reconciliation Statement
4. Inventories
5. Depreciation accounting
6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions
8. Partnership Accounts
9. Introduction to Company Accounts
Mercantile Law
General Economics
Quantitative Aptitude
Application Start Date | : | |
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Application End Date | : | |
Exam Date | : | |
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Conducted By | : | Institute of Chartered Accountants of India |
Official Website | : | http://icaiexam.icai.org |