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CPT exam fees structure |

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Re: CPT exam fees structure
The Council of the Institute of Chartered Accountants of India (ICAI) has announced that the next Common Proficiency Test (CPT) Examination will be held on Sunday, 14th December, 2014 in two sessions in 164 examination centres (Cities in India) and 5 overseas centres. CPT exam fees-Cost of examination application Form For an examination center within India - Rs. 100. For overseas examination center - $10. Examination Fee (including application form) For an examination center within India - Rs. 600. For Kathmandu centre - Rs.950 For other overseas examination centers - $160. CPT exam eligibility-Either passed or appeared in the 10+2 exam 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. As per a recent decision of the Council of the ICAI, candidates with certain higher qualifications are also eligible to appear in the CPT. CA CPT December 2014 SyllabusLevel of Knowledge : Basic knowledge SESSION – I : Section A : Fundamentals of Accounting ( 60 Marks ) Objective : To develop conceptual understanding of the fundamentals of financial accounting system. Contents 1. 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 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 thereof. 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 depreciationmethods. 6. Preparation of Final Accounts for Sole Proprietors 7. Accounting for Special Transactions Consignments Joint Ventures Bills of exchange and promissory notes 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 ) Objective : To test the general comprehension of elements of mercantile law. SESSION – II Section C: General Economics ( 50 Marks ) Objective : To ensure basic understanding of economic systems, economic behaviour of individuals and organizations. Contents ( I ) Micro Economics 1. Introduction to Micro Economics Definition, scope and nature of Economics Methods of economic study Central problems of an economy and Production possibilities curve 2. Theory of Demand and Supply Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, income and cross elasticity Theory of consumer ’s behaviour – Marshallian approach and Indifference curve approach Meaning and determinants of supply, Law of supply and Elasticity of supply 3. Theory of Production and Cost Meaning and Factors of production Laws of Production – The Law of variable proportions and Laws of returns to scale Concepts of Costs – Short – run and long – run costs, Average and marginal costs, Total, fixed and variable costs. 4. Price Determination in Different Markets Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly Price determination in these markets. ( II ) Indian Economic Development 5. Indian Economy – A Profile Nature of the Indian Economy Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans Basic understanding of tax system of India – Direct and Indirect Taxation 6. Select Aspects of Indian Economy Population – Its size, rate of growth and its implication for growth Poverty – Absolute and relative poverty and main programs for poverty alleviation Unemployment – Types, causes and incidence of unemployment Infrastructure – Energy, Transportation, Communication, Health and Education Inflation Budget and Fiscal deficits Balance of payments External debts 7. Economic Reforms in India Features of economic reforms since 1991 Liberalisation, Privatisation and Disinvestment Globalisation. 8. Money and Banking Money – Meaning and functions Commercial Banks – Role and functions Reserve Bank of India – Role and functions, Monetary policy Section D: Quantitative Aptitude ( 50 Marks ) Objective : To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools. Contents 1. Ratio and proportion, Indices, Logarithms 2. Equations Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations. 3. Inequalities Graphs of inequalities in two variables – common region. 4. Simple and Compound Interest including annuity ─ Applications 5. Basic concepts of Permutations and Combinations 6. Sequence and Series – Arithmetic and geometric progressions 7. Sets, Functions and Relations 8. Limits and Continuity ─ Intuitive Approach 9. Basic concepts of Differential and Integral Calculus ( excluding trigonometric functions ) 10. Statistical description of data Textual, Tabular & Diagrammatic representation of data. Frequency Distribution. Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive 11. Measures of Central Tendency and Dispersion Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation 12. Correlation and Regression 13. Probability and Expected Value by Mathematical Expectation 14. Theoretical Distributions Binomial, Poisson and Normal 15. Sampling Theory Basic Principles of sampling theory , Comparison between sample survey and complete enumeration, Errors in sample survey , Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size. 16. Index Numbers |