The Common Proficiency Test (CPT) 2014 is conducted 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 held twice a year for admission to ICAI in the integrated professional competence course, the entry level in becoming a Chartered Accountant.
CPT consists of four subjects namely, Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.
The registration begins after class 10th although exams can be given only after 10+2. Validity for CPT registration is 3 years, after which revalidation can be made.
1. First session: Morning session
10:30 am to 12:30 pm -(Section A-Fundamental of Accounting)- 60 Marks
"“ (Section B- Mercantile Laws) "“ 40 Marks
2. Second session: Afternoon session
2pm to 4 pm -(Section C- General Economics) "“ 50 Marks
"“ (Section D- Quantitative Aptitude) "“ 50 Marks
Applications for admission to CPT is required to be made in the relevant prescribed form as contained in the information brochure, which can be obtained 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 received after 25 April will not be taken into consideration.
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 upto 25 April.
The candidates who will up the examination application online between 4 April to 25 April and remit the fee online by using either VISA or MASTER Credit/ Debit card, shall not be charged 500/-
The aforesaid CPT is open only to the students registered with the ICAI for the common proficiency course on or before 1 April and fulfill their requisite eligibility conditions.
It is a 200 marks exam. The paper consists of Multiple Choice Questions (MCQ). Negative marking will exist. 25% marks will be deducted for every wrong answer.
To qualify a CPT exam, the candidate must obtain a minimum of 30% marks in each subject.
CPT application form submission: 4 April to 25 April
CPT 2014 exam date: 22 June
Tips to Pass CA (CPT) Exams in 1st Attempt Easily
Below are the 10 steps to make you prepare to crack the CA CPT exam in first attempt easily.
The first basic factor towards Cracking CA, CS, CWA exams in first attempt is a positive attitude. Trust in yourself that you can do it. Remember these golden words: "If you think you can then you can" So generate a belief in yourself that you can pass CA exam in first attempt. Yes, you can do it.
So never keep fear of failure and just keep positive attitude. Remember: "Change your attitude and you change your world"
The CA course is really challenging hence the role of positive attitude cannot be over emphasized.
2. Be confident in yourself..
Basically for passing CA course, you need not to be a super genius. Don't feel that CA course meant for intelligent students. What is a peculiarity of this course is even super genius also fails in this course.lol. The main factor is your mind set up and outlook.
Inject some degree of cautiousness to the brain regarding the challenges of the course. The word here referred to as challenging and not tough. So, just be confident in yourself that you will pass CA exam in first attempt and yes you will.
3. Have a clear cut Goal
You must have a clear cut goal that you want to pass CA in first attempt at any cost. The words "at any cost" is very important in CA course. You will face a lot of difficulties while pursuing CA but remember you will have to cope up all the difficulties and will have to follow the goal of cracking CA exams in first attempt.
Be cautious, set a good goal. Students normally realize this fact after completing the first CA exam.
4. Forget that CA is tough..
Your approach toward CA is too critical to crack this course. If you feel that the CA course is tough then the course remains tough and remain difficult to clear even if your hard work and repeated attempt.
Think that the course is very challenging but nothing against you. This is the positive attitude. Tune the mind towards the challenging angle so that you can get the means to face the challenges. You may be pay more attention and care towards the studies which otherwise cannot be achieved. If you had changed your mind as suggested above, then , you won half battle.
5. Study with Planning
This is the most important step in the race of cracking CA exam in first attempt. Most of the CA students don't follow this most needed step. You need to plan that what you need to read and learn today in a paper sheet just before starting reading. It will not take more than 5 minutes. This will build confidence in your self that you are focused on your goal of cracking ca exam in first attempt.
Remember the golden quotation: "If you fail to plan then you plan to fail"
So make schedules to follow before reading everyday. In starting your performance will be down but later you will be following 90- 95% schedule correctly.
6. Prepare thoroughly..
You need to prepare thoroughly & systematically. Concept clearing is the important thing in CA to crack the exams. Prepare from ICAI study materials because it is the best material according to me. Keep reading some reference book of some good author too for more detailed knowledge. You can get an overview of the entire subject at the time of start studies. If there is senior ,what is the wrong for inquiring about the subject.
Remember: "Those who learn from own experiences are smart, genius is the one who learns from other's experiences"
7. Revision is must..
Revision is the vital step that you must fulfill. Keep revising whatever you read in whole week in Sunday. This will lead you to crack the CA exams in first time for sure.
Follow a strategy of study. Remember, you cannot study accounts independent of company law. Income-tax cannot be studied independent of accounting. Thus, these subjects are inter-related. You have to study all the subjects for the examination.
Practice writing. What you read will prove futile if you cannot reproduce it on the D-day. Do write at least 2 test papers on Buytestseries.com of all the subjects before the exam. It will also boost your confident.
10. The final charge
Generally, the pressure valve is turned on only after the candidate pays the examination fees. There is a lot anxiety, nervousness, and tension. If a candidate is well prepared, last minute blues can be avoided. The candidates should learn how to tackle each subject and perform accordingly.
One should know which accounts need to be opened and how to reach the goal in the shortest possible route and quickly. Saying that you should pass 36 journal entries for amalgamation, 16 entries for issue of shares, etc., is unjustified. You should learn to play according to the wicket.