About CPT Exam 2016-First Stage in CA Exam
The Common Proficiency Test also known as CPT 2014 is organised by the Council of the Institute Chartered Accountants of India (ICAI). The CPT exam is expected to be held on 22 June in two sessions. The CPT exam is organised two times in a year for admission to ICAI in the integrated professional competence course, the entry level in becoming a Chartered Accountant.
Basically, CPT comprises four subjects like Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.
The registration will start after class 10th although exams can be given only after 10 + 2. The validity for CPT registration is 3 years. However, after which revalidation can be made.
First session: Morning session-10: 30 am to 12: 30 pm- (Section A-Fundamental of Accounting) -60 Marks & (Section B-Mercantile Laws) -40 Marks.
Second session: Afternoon session-2pm to 4 pm- (Section C-General Economics) -50 Marks & (Section D-Quantitative Aptitude) -50 Marks.
The applications regarding the admission to CPT need to be made in the desired prescribed form as mentioned in the information brochure, which can be availed from the additional secretary (Examinations), The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi-110002 on payment of Rs1000/- (500/-towards examination fee and 500/-towards cost of application form and information brochure) per application form.
CPT forms duly filled should be sent to the Additional Secretary (Examinations) at New Delhi latest by 25 April. Applications that are received after 25 April will be liable to get rejected.
Applications duly filled will be received by hand delivery at the offices of the institute at New Delhi and at the decentralized offices of the institute at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Jaipur, Hyderabad and Pune till 25 April.
The candidates who have fill up the examination application online between the dates 4 April to 25 April and transfer the fees online through VISA or MASTER Credit/Debit card, shall not be charged 500/-
The above mentioned CPT is open only to those students, Who have registered with the ICAI for the common proficiency course on or before 1 April and fulfill all the eligibility conditions.
The paper will be of 200 marks. It comprises of Multiple Choice Questions i.e.. MCQ. However, It must be noted that Negative marking will be there in the exam. 25% marks will be deducted for every wrong answer marked.
To clear the CPT exam, the candidate must avail atleast 30% marks in every subject.