The CPT or Common Proficiency Test was the first level of Chartered Accountancy

examinations An examination (exam or evaluation) or test is an educational assessment intended to measure a test-taker's knowledge, skill, aptitude, physical fitness, or classification in many other topics (e.g., beliefs). A test may be administered verba ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

which has been changed to CA Foundation according to ICAI's revised scheme.

Eligibility

A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12) and complete graduation for commerce

Test model

It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz. 1.

Accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...

(60 Marks) +

Mercantile Law (from Latin for "merchant law"), often referred to as "the Law Merchant" in English, is the body of commercial law used by merchants throughout Europe during the medieval period. It evolved similar to English common law as a system of custom and ...

s (40 Marks) 2.

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

(50 Marks) + Quantitative Aptitude (50 Marks) Every incorrect answer on the CPT exam carries a 0.25 negative mark. A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate, in all the four Sections to pass the Common Proficiency Test.

Exam dates

CPT exams are held in June and December

Result Dates

CPT Result
is declared in the month of July and January. June exam's result is declared during 12–20 July and December exam's result is declared during 12–20 January.

Exemption

But with effect from 3 August 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.

References