CPT exam date both Online and paper-pencil mode

Can you tell me the important dates of the Common Proficiency Test (CA CPT)??

Common Proficiency Test (CA CPT) Exam is held twice a year in the month of June and December and ICAI has announced that the next Common Proficiency Test June 2014. The dates of the examination are as following:

Online Exam Forms – CPT 22nd June, 2014
Last date for registration to CPT Course with BOS 1st April, 2014
Commencement of Online filling of CPT Examination Form 4th April, 2014 10:00 A.M. (IST)
Last date & time for Login Creation/Submission of CPT Examination application form Online 25th April, 2014 upto 5:30 P.M. (IST)
Last date for revalidation of registration for June, 2014 CPT 25th April, 2014(refer guidance notes)
Last date for receipt of print out of online examination form duly filled up(PDF) 29th April, 2014 upto 5:30 P.M. (IST)
Date of CPT Examination 22nd June, 2014
Likely date of declaration of result Around one month from the date of examination

This examination covers following topics:
Fundamentals of Accounting
General Economics
Max Marks
Mercantile Laws
Minimum Passing Marks
Quantitative Aptitude

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Answered By StudyChaCha Member

Common Proficiency Test is the first level of Chartered Accountancy examinations in India.

Eligibility:
Candidates must have passed High School (Grade 12).

Date:
CPT exams are held in June and December in paper pencil mode.
Last CPT exam was held on 22 June 2014. Next CPT exam was held on 14 December 2014.

CA CPT - Important Dates for December 2014 CPT Exam Common proficiency test (CPT) is open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course and fulfill the requisite eligibility conditions The Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test (Paper- Pencil Mode) will be held on 14th December 2014 Sunday, in two sessions Common Proficiency Test will be an objective type multiple choice questions based examination Candidates will be allowed to opt for Hindi medium question paper booklet for answering the questions First Session (Morning Session) 10.30 a.m. to 12.30 p.m. Section-A, Fundamental of Accounting; Section-B, Mercantile Laws Second Session (Afternoon Session) 02.00 p.m. to 04.00 p.m. Section-C, General Economics; Section-D, Quantitative Aptitude
IMPORTANT APPLICATION DATES The Information brochure containing Common Proficiency Test application form will also be available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 07th October, 2014. Common Proficiency Test application forms duly filled in may be sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 28th October, 2014 Candidates residing in these cities are advised to take advantage of this facility. It may be noted that there is no provision for acceptance of application forms after 28th October, 2014 with late fee.




Syllabus:
Section A: Fundamentals of Accounting (60 Marks)

1. Theoretical Framework: (i) Meaning and Scope of Accounting, (ii) Accounting Concepts, Principles and Conventions, (iii) Accounting Standard – concepts, objectives, benefits, (iv) Accounting Policies and (v) Accounting as a measurement discipline – valuation principles, accounting estimates.
2. Accounting Process: Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.
3. Bank reconciliation Statement.
4. Inventories: Basis of inventory valuation and record keeping.
5. Depreciation Accounting: Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
6. Preparation of Final Accounts for Sole Proprietors.
7. Accounting for Special Transactions: (a) Consignments, (b) Joint Ventures, (c) Bills of exchange and promissory notes, (d) Sale of goods on approval or return basis.
8. Partnership Accounts: Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.
9. Introduction to Company Accounts: Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

Section B: Mercantile Law (40 Marks)

1. 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.
2. 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.
3. The Indian Partnership Act, 1932: General Nature of Partnership-Rights and duties of partners-Registration and dissolution of a firm.

Section C: General Economics (50 Marks)

(I) Micro Economics
1. Introduction to Micro Economics: (a) Definition, scope and nature of Economics, (b) Methods of economics study, (c) Central problems of an economy and Production possibilities curve.
2. Theory of Demand and Supply: (a) Meaning and determinants of demand, Law of demand and Elasticity of Demand-Price, income and cross elasticity, (b) Theory of consumer’s behaviour Marshallian approach and Indifference curve approach, (c) Meaning and determinants of supply, Law of supply and Elasticity of supply.
3. Theory of Production and Cost: (a) Meaning and Factors of production, (b) Laws of Production-The Law of Variable proportions and Law of Returns to Scale, (c) Concepts of Costs - Short-run and long-run Costs, Average and Marginal costs, Total, fixed and variable costs.
4. Price Determination in Different Markets: (a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly, (b) Price determination in these markets.

(II) Indian Economic Development
5. Indian Economy – A Profile: (a) Nature of the Indian Economy, (b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian Economy, their problems and growth, (c) National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various Plans, (d) Basic understanding of tax system of India – Direct and Indirect Taxation.
6. Select Aspects of Indian Economy: (a) Population – Its size, rate of growth and its implication for growth, (b) Poverty – Absolute and relative poverty and main programs for poverty alleviation, (c) Unemployment – Types, causes and incidence of unemployment, (d) Infrastructure – Energy, Transportation, Communication, Health and Education, (e) Inflation, (f) Budget and Fiscal deficits, (g) Balance of payments, (h) External debts,
7. Economic Reforms of India: (a) Features of economic reforms since 1991, (b) Liberalisation, Privatisation and Disinvestment, (c) Globalisation.
8. Money and Banking: (a) Money – Meaning and functions, (b) Commercial Banks – Role and functions, (c) Reserve Bank of India – Role and functions, Monetary policy.

Section D: Quantitative Aptitude ( 50 Marks )

Objective : To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.

Contents

1. Ratio and proportion, Indices, Logarithms

2. Equations

Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.

3. Inequalities

Graphs of inequalities in two variables – common region.

4. Simple and Compound Interest including annuity ─ Applications

5. Basic concepts of Permutations and Combinations

6. Sequence and Series – Arithmetic and geometric progressions

7. Sets, Functions and Relations

8. Limits and Continuity ─ Intuitive Approach

9. Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)

10. Statistical description of data

Textual, Tabular & Diagrammatic representation of data.

Frequency Distribution.

Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

11. Measures of Central Tendency and Dispersion

Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

12. Correlation and Regression

13. Probability and Expected Value by Mathematical Expectation

14. Theoretical Distributions Binomial, Poisson and Normal.

15. Sampling Theory

Basic Principles of sampling theory , Comparison between sample survey and complete enumeration, Errors in sample survey , Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size.

16. Index Numbers

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Answered By StudyChaCha Member