Common Proficiency Test
What is it?
The Institute of Chartered Accountants of India (ICAI)
is the premier professional accountancy body of the country, established in July,
1949 under the Chartered Accountants Act, 1949, enacted by the Parliament to regulate
the profession of Chartered Accountancy in India. As part of its responsibility
to regulate the profession of Chartered Accountancy, the Institute enrolls students
for the Chartered Accountancy Course, imparts theoretical education to them. It
also holds qualifying examinations (CA-CPT) for them and grants membership to successful
candidates and certificates of practice to members intending to practice the profession.
Courses offered:
- The Institute undertakes educational
activities through its committees:
- It also conducts the following
post-qualification courses:
- Management Accountancy.
- Corporate Management.
- Tax Management, Information Systems Audit.
- Insurance and Risk Management.
- International Trade Laws and WTO.
- The ICAI is also organising the
following certificate courses for members:
- Certificate Course on Enterprise Risk Management.
- Certificate Course on Master in Business Finance.
- Certificate Course on Corporate Governance.
- Certificate Course on International Taxation.
- Certificate Course on International Financial Reporting Standards.
- Certificate Course on Derivatives.
- Certificate Course on Forex and Treasury Management.
- Certificate Course on Arbitration.
- Certificate Course on Valuation.
Eligibility :
A student who has passed the Class 10 examination
conducted by an examining body constituted by law in India may register for Common Proficiency Test (CPT). A registered student
may appear in Common Proficiency Test after he/she has appeared in the Senior Secondary
Examination (10+2 examination).
Different stages in Chartered Accountancy
Course:
- CPT:
The entry level test is named as Common Proficiency Test
(CPT) which is designed in the pattern of entry level test of engineering,
medical and other professional courses. It is a 4-hour duration test comprising
of two sessions of 2 hours each with a break between two sessions. The test comprises
of objective type questions with the negative marking for choosing wrong options.
- IPCC:
The study course for the chartered accountancy candidates is known as Integrated
Professional Competence Course, which shall be composed of three levels viz. Group
I, Accounting Technician Course (optional) and Group II. One has to undergo orientation
programme (presently for 35 hours) and also to complete 100 Hours ITT during 9 months
study course period or before commencing articled training.
- Final Course:
The last leg of the Chartered Accountancy course is final (new) course, which has
been designed to impart expert knowledge in financial reporting, auditing and professional
ethics, taxation, corporate laws, systems control, strategic finance and advanced
management accountancy.
Registration and
tuition fees:
|
Registration and tuition fees
|
Rs. 6,000/-
|
|
Subscription for Students’ Journal (for one year)
|
Rs. 200/- |
|
Subscription for Members’ Journal (for one year)
|
Rs. 400/- |
Exam Pattern
CA-CPT
is an entry level test for Chartered Accountancy Course.
CPT is an objective type test with negative
marking. This test is divided into two sessions of 2 hours each with a break in
between :
|
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
|
To appear in the Common Proficiency Test (CPT) students have to fill separate examination
application form as per the Notification/Announcement issued by the Examination
Division of the Institute in this regard.
Schedule
Important Dates:
CPT held twice in a year in June and December.
Students registered on or before 1st April/1st October
will be eligible to appear in June/December examination,
respectively.
|
Examination Details
|
June Examination |
December Examination |
|
Last date of submission of form
|
1st April |
1st October |
|
Examination dates
|
Sunday, 19th June, 2011
|
- |
Passing criteria
in CPT:
A student has to secure a minimum 50% of total marks for passing
CPT exam. There is a negative marking for
selecting wrong answer to the extent of 25% marks allotted to a question.
Career Opportunities:
Chartered Accountancy: A profession that imparts
the best of technical skills in financial and management areas and abilities necessary
for deciding and acting upon the high-pressure situations. Chartered Accountants
today have occupied top management positions in public as well as private sectors.
They also render professional services in management consultancy including management
accounting, management information and control systems, international finance, information
technology and financial services sector. Even in the government, they occupy prominent
positions. Rapid changes taking place in the economy have further opened up new
vistas(prospects, direction) of opportunities for the Chartered Accountants. On
becoming a Chartered Accountant, you have many options for pursuing challenging
and rewarding career.
Contact Details:
The Institute of Chartered Accountants of India
ICAI Bhawan, 52, 53 & 54, Vishwas Nagar, Sahadra,
Near Karkarduma Court Complex,
New Delhi - 110032,
Tel: +91-11-39893990
Website: www.icai.org
