CA CPT –  Common Proficiency Test 2018

Over the years, the Chartered Accountancy profession has achieved tremendous growth by virtue of professionalism and high level service given by its members and is playing a major role in our finance and economy. The number of members rose to 2,35,000 as opposed to meager 1700 in 1949. Their specialized knowledge and skills are used by various organizations in today’s world. ICAI, the Institute of Chartered Accountants of India is the apex body established under an act by the Parliament. CPT is the entry level test required to become a CA as per ICAI. Students who wish to appear for the test shall register and appear for it after graduating 10+2 examination. Students who wish to appear for the next phase examinations need to pass both the CPT test as well as 10+2 exams. CA CPT 2018 December session under the old scheme will be held on December 16, 2018. Only those candidates who are registered with ICAI for Common Proficiency Course (CPC) of Chartered Accountancy will be eligible to give CA CPT exam held in December 2018 session.

 Note: CA CPT exam will NOT be conducted after June 2019 session. CA CPT 2019 June session will be the last session of CPT exam. It has been decided in lieu of the introduction of new CA entry level exam, i.e. CA Foundation 2018, under the revised scheme. After June 2019, CA Foundation will become the sole CA entry-level qualification examination. Until this period, both CA CPT and CA Foundation Examinations will be conducted by ICAI.

  • Eligibility Criteria

Candidates who plan to appear for CA CPT 2018 in December 2018 session exam, they should have registered with ICAI in CPC course. Only registered candidates are eligible to apply for CA CPT 2018 December session. Following are the eligibility criteria of CA CPT 2018:

  1. Candidates must have passed their 10th and 12th level qualifying examination from a recognized board of education or equivalent examination.
  2. Candidates must have registered with ICAI for CPC course before June 30, 2017, to be eligible for appearing in CPT exam.
  3. Candidates who have completed bachelor or master’s degree in commerce with at least 55% marks are exempted from appearing in CA CPT 2018,
  4. Candidates holding bachelor or master degree in a stream other than commerce must have obtained at least 60% marks in aggregate of all subjects are also exempted from appearing in the entry level test.
  • CA CPT Exam Schedule – Sunday, 16th Dec, 2018
Session Subjects
First Session

Morning Session 10.30 AM to 12.30 PM (IST)

Section – A Fundamentals of Accounting

Section – B Mercantile Laws

Second Session

Afternoon Session 2.00 PM to 4.00 PM (IST)

Section – C General Economics

Section – D Quantitative Aptitude

This Common Proficiency Test will be conducted as per provisions of Regulation 25D (3) of the Chartered Accountants Regulations, 1988.

Note:

  1. There will be negative marking for each wrong answer.  ¼ (One Fourth) mark will be deducted for each wrong answer.
  2. Multiple darkened circles for a question will also be treated as wrong answer.
  3. Any fraction of mark will be rounded off to the next full mark.
  4. Use of calculators is allowed. Scientific calculators are not allowed.
  • Online CA CPT Exam Form for Dec 2018

The candidates may fill up the CPT examination application form online and also remit the fee online by using VISA or MASTER Credit Card/ Debit Card. You may use Internet Banking facility for remitting the fee online for your CA CPT December 2018.

  • Important Dates for CPT 2018 – December Attempt
1. Last date for registration to CPT Course with BOS 30th June, 2017
2. Commencement of Online filling of CPT Examination Form 4th April, 2018 (10:00 A.M. IST)
3. Last date & time for Login Creation/New User Registration 3rd May, 2018
up to 5:30 P.M. (IST)
4. Last date & time for submitting the form and making payment without Late Fee through already created Login 26th April, 2018
up to 23:59 P.M. (IST)
5. Last date & time for filling the form and making payment with Late Fee through already created Login 3rd May, 2018
up to 23:59 P.M. (IST)
6. Last date for receipt of print out of online examination form duly filled up (PDF) 07th May, 2018
7. Date of CPT Examination 17th June, 2018 (Sunday)
8. Hosting of Correction Window -I [(without fee) will be available for one week from the date of hosting] 1st Week of May, 2018
(for one week)
9. Hosting of Correction Window -II [(with fee) will be available up to 9th June, 2018] 4th Week of May, 2018
to 9th June, 2018.
10. Likely date of declaration of result (icaiexam.icai.org) Around mid-July 2018
(For exact date of result and other regular updates, keep visiting website www.icai.org & icaiexam.icai.org)

 

Note: These dates are tentative so kindly stay updated by checking the above websites regularly.

  • Examination Fees

Fee of Rs. 1000/- (Rupees One Thousand only) for centers in India, US $ 300/- for Abu Dhabi, Doha, Dubai & Muscat centers and INR 1700/- (Rupees One Thousand Seven Hundred only) for Kathmandu center can be remitted using online payment gateway facility with VISA/Master/Maestro Credit/Debit Card.

Late fee of INR 600/- (USD 10) is applicable on payments made on-line from 27th April, 2018

Bank charges applicable

Ø  Issue of Admit Cards: 

Admit card with photograph and signature of all the candidates will be posted on http://icaiexam.icai.org generally 21 days prior to the date of examination. Candidates may print the admit card from the website, which will be valid for admission to the examination.

Also, candidates are advised to keep a photo copy of the PDF of the filled-up exam application with them for reference, whenever they correspond with ICAI Exam Department.

Candidates, whose eligibility is in doubt, will be addressed for clarification/submission of documentary evidence with reference to fulfilment of eligibility requirements, as the case may be, normally 14 days prior to the date of CPT.

  •  Syllabus

The syllabus of CA CPT 2018 is released by ICAI. Aspirants of CA CPT examination can check below syllabus of CA CPT 2018 for each of the four sections mentioned below –

Sections of CA CPT
  • Syllabus
Fundamentals of Accounting
  • Theoretical Framework
  •  Accounting Process
  • Bank Reconciliation Statement
  • Depreciation accounting
  • Preparation of Final Accounts for Sole Proprietors
  • Accounting for Special Transactions
  • Partnership Accounts
  • Introduction to Company Accounts
Mercantile Laws
  • The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract and breach of contract
  • The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights
  • The Indian Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm
General Economics
  • Micro Economics
  • Introduction to Micro Economics
  • Theory of Demand and Supply
  • Theory of Production and Cost
  • Price Determination in Different Markets
  • Indian Economic Development
  • Indian Economy – A Profile
  • Select Aspects of Indian Economy
  • Economic Reforms in India
  • Money and Banking
Quantitative Aptitude
  • Ratio and proportion, Indices, Logarithms
  • Equations
  • Inequalities
  • Simple and Compound Interest including annuity – Applications
  • Basic concepts of Permutations and Combinations
  • Sequence and Series – Arithmetic and geometric progressions
  • Sets, Functions and Relations
  • Limits and Continuity ─ Intuitive Approach
  • Basic concepts of Differential and Integral Calculus
  • Statistical description of data
  • Measures of Central Tendency and Dispersion
  • Correlation and Regression
  • Theoretical Distributions
  • Sampling Theory
  • Index Numbers
  1. Fundamentals of Accounting

The ICAI study material:

  • CPT Fundamentals of Accounting Study material
  • CPT Mock Test Papers
  • CPT Model Test Papers of Fundamentals of Accounting

Other private publications:

  • Tata McGraw Hill Fundamental of Accounting By PC Tulsian Bharat Tulsian Edition : 2016
  • Padhuka – Basics of Accounting for CA CPT by G. Sekar & B Saravana Prasath Edition : 2017
  • Shuchita Solved Scanner For CA CPT English by Amar Omar , Rasika Goneka for 2017 exam

2. Mercantile Law

The ICAI study material:

  • CPT Mercantile Law Study material
  • CPT Law Mock Test Papers
  • CPT Model Test Papers of Mercantile Law

Other private publications:

  • Tata Mcgrawhill Mercantile Laws for CA CPT by P C Tulsian Edition 2017
  • Bharat Mercantile Law By T Padma K P C Rao Edition 2016
  • Padhuka MCQ Bank by G Sekar and B Sarvana Prasath Edition Sept 2016
  • Taxmann CA CPT Mercantile Laws by V K Jain Edition : Mar 2017

3. General Economics

The ICAI study material:

  • CPT General Economics Study material
  • CPT Economics Mock Test Papers
  • CPT Model Test Papers of General Economics

Other private publications:

  • Padhuka – Basics of General Economics for CA CPT by G Sekar, B Saravana Prasath
  • Bharat – General Economics By T Padma K P C Rao Edition 2017
  • Taxmann – General Economics by P M Salwan & Pranjal B Deshpande Edition : March 2017

4. Quantitative Aptitude

The ICAI study material:

  • CPT Quantitative Aptitude Study material 
  • CPT Quantitative Aptitude Mock Test Papers
  • CPT Model Test Papers of Quantitative Aptitude

Other private publications:

  • Padhuka – Practical Guide on Quantitative Aptitude for CA CPT by G Sekar & B Saravana Prasath
  • Bharat – Quantitative With MCQ By T Padma K P C Rao Edition 2016
  • Quantitative Aptitude Mathematics With Short Tricks By CA Rajesh Jogani Edition 2017
  • CA CPT 2018 Passing scores
Section Sectional cutoff for CPT Overall cutoff for CPT
Fundamentals of Accounting 30% of 60 marks 50% marks
Mercantile Laws 30% of 40 marks
General Economies 30% of 50 marks
Quantitative Aptitude 30% of 50 marks

 

  •  Study Material can be downloaded from ICAI Website itself.

Sample image which shows how the study material can be downloaded.

  •   Re-direct to official website – https://www.icai.org/post.html?post_id=10064
  •  In case of any difficulty, Helpline Desk may be contacted on telephone Nos. 0120-3054851, 3054852, 3054853,3054854,3054835,4953751,4953752, 4953753 and 4953754 or on Fax No.0120-3054841/3054843.

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