Common Proficiency Test is an entry level test for the Chartered Accountancy course. It is a test of four subjects – Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is an objective multiple choice type examination, with negative marking, carrying a total of 200 marks, which is divided into two sessions of two hours each with a 90 minute break in between.
Subjects to be Studied:
- 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 view CPT syllabus in details Click Here
Eligibility for Registration:
A student who has passed the Standard X examination conducted by an examining body constituted by law in India (or an examination recognized by the Central Government as equivalent thereto) may register for the Common Proficiency Test.
Eligibility for Appearing in CPT Exam:
A registered student may appear for the Common Proficiency Test after having appeared for the Senior Secondary i.e. 10+2 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto, and has complied with such requirements as may be specified by the Council from time to time.
- There will total 200 MCQ’s carrying one mark each.
- For Correct answer students will get one mark.
- For Blank answers Zero marks will be awarded.
- For Incorrect answers -0.25 marks will be deducted.
The minimum marks required in each section and in the aggregate in all sections of CPT as per the revised passing requirements will be as under:-
(Mandatorily to be secured after negative marking)
|A||Fundamentals of Accounting||60||18|
*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.
CPT Examination Schedule:
Paper pencil mode, i.e. Physical CPT will be held twice a year: in June and in December. ICAI also conducts the CPT examination online. For more details about online CPT examination please visit www.icai.org.
Last Dates of Registration:
A student who has got himself registered for the Common Proficiency Test 60 days prior to the first day of the month in which the CPT examination is to be held can appear for the examination i.e. on or before 1st April and 1st October for appearing in the CPT examination to be held in June and December respectively. The last date for registration to attempt the examination in June is the 31st of March of the same year, and for December, it is the 30th of September of the same year.
How to Register for CPT with ICAI?
Student needs to take the prospectus containing application form from the ICAI office and submit the form along with following documents. The address of ICAI offices is available on www.icai.org. Student may register online on ICAI website.
ICAI Online Application Form for Registration to CPT
Documents required for Registration:
- Demand draft of Rs. 6,000
- True copy of Class 10 Marks sheet
- True copy of Birth date proof
ICAI Registration & Exam Fees:
For Registration with ICAI – Rs. 6,000 and towards ICAI Exam Fees – Rs. 1,000, payable separately by way of Demand Draft in favour of “The Secretary, The Institute of Chartered Accountants of India”, payable at Mumbai / Chennai / Kolkata / Kanpur / New Delhi.