Number attempts CA CPT

I want to give the exam of Common Proficiency Test of CA and for that I want to get the details of number of attempts allowed in exam of Common Proficiency Test of CA so can you provide me that?

[Kiran Chandar]

As you want to get the details of number of attempts allowed in exam of Common Proficiency Test of CA so here is the information of the same for you:

Number of Attempts:
Initial registration for Common Proficiency Course (CPC) is valid for 3 years.
That means 6 attempts. (yearly two)
After 3 years you should revalidate it for another 3 years.
Fee for revalidation is Rs. 300/- for each revalidation.
Each Revalidation shall be valid for 3 years.

CPT Exam Passing Marks:
Section Subject Max Marks Minimum Passing Marks
A Fundamentals of Accounting 60 18
B Mercantile Laws 40 12
C General Economics 50 15
D Quantitative Aptitude 50 15
TOTAL 200 100*

*Although the minimum marks required in each paper are 30%, the minimum marks required in aggregate is 50%. A Candidate is required to satisfy both the above conditions to be declared as passed in CPT Exam.

CA CPT 2015 Paper Pattern:
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)

Syllabus of Common Proficiency Test:
Section A: Fundamentals of Accounting ( 60 Marks )
Contents
1. Theoretical Framework
(i) Meaning and Scope of accounting
(ii) Accounting Concepts, Principles and Conventions
(iii) Accounting Standards – concepts, objectives, benefits
(iv) Accounting Policies
(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 expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications there of.

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 Laws ( 40 Marks ):
Contents
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 India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

For more detailed information I am uploading a PDF file which is free to download:



Contact Details:
Institute of Chartered Accountants of India
Block No. E-13, Plot No. 3, Local Shopping Centre,
Chaudhary Charan Singh Marg,
IP Enclave, Ghazipur Village,
Gazipur,
New Delhi,
Delhi 110096
India

Map Location:
[MAP]Institute of Chartered Accountants of India New Delhi, Delhi[/MAP]