CA CPT List

Hi buddy my sister want to appear in CA CPT Common Proficiency Test (foundation ), and she looking for subjects list , so can you here provide me the same??

[Shaleen]

As you asking I am telling CPT (Common Proficiency Test) is an objective type examination of 4 hours duration divided into 2 sessions of 2 hours each.

Each session consists of two subjects with a total marks of 100. The examination is a multiple choice examination with negative marking.

Subjects
Session I
Section A : Fundamentals of Accounting
Section B : Mercantile Laws
Session II
Section C : General Economics
Section D : Quantitative Aptitude


Detail of Section A : Fundamentals of Accounting
Theoretical Framework
Meaning and Scope of accounting
Accounting Concepts, Principles and Conventions
Accounting Standards – concepts, objectives, benefits
Accounting Policies
Accounting as a measurement discipline – valuation principles, accounting estimates

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 thereof.

Bank Reconciliation Statement

Inventories
Basis of inventory valuation and record keeping.

Depreciation accounting
Methods, computation and accounting treatment of depreciation, Change in depreciation methods.

Preparation of Final Accounts for Sole Proprietors

Accounting for Special Transactions
Consignments
Joint Ventures
Bills of exchange and promissory notes
Sale of goods on approval or return basis.

Partnership Accounts
Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

Introduction to Company Accounts
Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares