CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations in India. The Institute of Chartered Accountant of India, ICAI is a statutory body that produces and regulates Chartered Accountants in India. ICAI contributes in education, professional development and also helps in maintaining auditing and accounting standards.
There are certain elements of the CA examinations which are decidedly beneficial to students as under: The June and December examination cycles are also advantageous to students. They are given two opportunities in a year to pass the respective examinations.Brief details of Common Proficiency Test (CPT) :
A person can register for CPT after completing Grade 10 (Secondary exams) and take the exam after completing High School, Grade 12 (Senior Secondary Exam)
CPT Examination held twice in a year in the June & December month of every Year. The given below cut-off dates are applicable for June 2017 examination:
|1. Last date for registration to CPT June 2017 Course with BOS||1st April, 2017|
|2. Commencement of Online filling of CPT Examination Form||5th April, 2017 (10:00 A.M. IST)|
|3. Last date & time for Login Creation/Submission of CPT Examination application form Online||26th April, 2017
upto 5:30 P.M. (IST) #
|4. Last date for revalidation of registration for June, 2017 CPT||26th April, 2017 or date of Application for CPT JUNE, 2017 whichever is earlier.*|
|5. Last date for receipt of print out of online examination form duly filled up(PDF)||30th April, 2017|
|6. Date of CPT Examination||18th June 2017|
|7. Hosting of Correction Window -I [(without fee) will be available for one week from the date of hosting]||1st Week of May, 2017
(for one week) **
|8. Hosting of Correction Window -II (with fee)||4th Week of May, 2017
to 11th June, 2017. **
|9. Likely date of declaration of result||18th July 2017|
Students desirous of appearing for CPT are required to obtain the Exam form from the various branches of ICAI on payment of INR 1500/- (Rs 1000/- for the cost of exam form and Rs 500/-towards the exam fees).
Students interested of appearing for CPT exam attempt can also apply online for the same. Students availing the facility for submitting the exam form online, need to pay Rs 500/- towards examination fees. The CPT examination form can be submitted online on the ICAI website .
Common Proficiency Test Exam Pattern
Common Proficiency Test (CPT) is an entry level test for Chartered Accountancy. It is an objective type test of 200 marks of 4 subjects namely, Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test the basic knowledge in these subjects.
CPT is divided into two sessions of two hours each, in between there is a small break.
In the first session there are two sections:
Section A – Fundamentals of Accounting carrying 60 marks, and
Section B – Mercantile laws carrying 40 marks.
In the second session there are two sections:
Section C – General Economics carrying 50 marks, and
Section D – Quantitative Aptitude also carrying 50 marks.
The questions asked in CPT are MCQs (Multiple Choice Questions (MCQs) type. Each question carries one mark and has four given choices. The students are required to darken the correct choice (circle) with a pencil in the given OMR sheet provided in the examination. The original test paper along with OMR sheet is to be returned before leaving the examination hall.
Marking & Passing Strategy
A candidate for the Common Proficiency Test shall be declared to have passed the test if he obtains at one sitting a minimum of thirty per cent marks in each section (subject) and a minimum of fifty per cent marks in the aggregate of all the sections, subject to the principle of negative marking [(¼ (one fourth) mark shall continue to be deducted for each wrong answer and multiple darkened circles for a question will also be treated as wrong answer].
Accordingly, if a candidate secures a minimum of 30 per cent marks in each section but fails to secure 50 per cent marks in the aggregate of all sections, his result will be FAIL.
With effect from 3rd Aug 2012, CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPCC.
Results generally declared in month of July for June examination and Janurary for Dec. exams
If you have any queries regarding CPT exam, please post your query on our Aftergraduation Forum and we would be happy to help you.