CA CPT 2017: Application Form, Admit Card, Dates, Pattern, Result & Syllabus

ca-cpt-2017-complete-details

CA CPT 2017 (Chartered Accountancy Common Proficiency Test) is an entrance examination controlled and maintained by the Institute of Chartered Accountants of India (ICAI) for the candidates seeking their career in the commerce and accounting fields in India.

Every year ICAI conducts the Common Proficiency Test (CPT) for providing candidates to take admissions in various accounting courses in Institute of Chartered Accountants of India based on their CA CPT score.

List of Courses in CA CPT 2017 Examination:

Here is the list of courses for CA CPT 2017 examination:

  • 1. Certificate Course on Indirect Taxes
  • 2. Certificate Course on Enterprise Risk Management
  • 3. Certificate Course on Concurrent Audit of Banks
  • 4. Certificate Course on Internal Audit
  • 5. Certificate Course on Master in Business Finance
  • 6. Certificate Course on International Taxation
  • 7. Certificate Course on Forensic Accounting and Fraud Detection
  • 8. Certificate Course on International Financial Reporting Standards
  • 9. Certificate Course on Forex and Treasury Management
  • 10. Certificate Course on Derivatives
  • 11. Certificate Course on Valuation
  • 12. Certificate Course on Arbitration
  • 13. Certificate Course on Co-operatives
  • 14. Certificate Course on Not-for-profit Organization (NPOs)

CA CPT 2017 Important Dates:

EventDates
Release of CA CPT 2017 NotificationOctober 4, 2017
CA CPT 2017 application form submission (last date)October 25, 2017
CA CPT 2017 application form submission (with late fee)November 1, 2017
CA CPT 2017 admit card/hall ticketNovember 15, 2017
CA CPT 2017 examDecember 17, 2017
CA CPT 2017 results announcementJuly 17, 2018
CA CPT 2017 counsellingone week after the result declaration

CA CPT 2017 Exam Pattern:

Courses offeredVarious Accounting Courses
Question paper typeObjective (includes 200 questions with four choices each)
SubjectsFundamentals of Accounting, Mercantile Laws, General Economics, Quantitative Aptitude
LanguagesEnglish, Hindi
Mode of examOffline (Pen & Paper)
Duration2 Sessions (2 hours for each session)
Marking scheme1 mark (for each correct answer) & 1/4 negative mark (for each wrong answer)

CA CPT 2017 Subject Wise Exam Pattern:

SubjectNo. of questionsMarks
Fundamentals of Accounting6060
Mercantile Laws4040
General Economics5050
Quantitative Aptitude5050
Total200200

CA CPT 2017 Subject Wise Syllabus:

Fundamentals of Accounting

Chapters

1. Theoretical Framework

  • (i) Meaning and Scope of accounting(ii) Accounting Concepts,
  • (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 thereof.

3. Bank Reconciliation Statement

4. Inventories

The 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

The issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, the redemption of preference shares.

Mercantile Law

Chapters
  • 1. The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of the contract, consideration, other essential elements of a valid contract, performance of the 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.

General Economics

Micro Economics1. Introduction to Micro Economics

  • (a) Definition, scope, and nature of Economics
  • (b) Methods of economic study
  • (c) The Central problems of an economy and Production possibilities curve.

2. Theory of Demand and Supply

  • (a) Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, income and cross elasticity(b) Theory of consumer ’s
  • (b) Theory of consumer ’s behavior – Marshall Ian approach and Indifference curve approach
  • (c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

3. Theory of Production and Cost

  • (a) Meaning and Factors of production
  • (b) Laws of Production – The Law of variable proportions and Laws of returns to scale
  • (c) Concepts of Costs ─ Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

  • (a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
  • (b) Price determination in these markets.
Indian Economic Development5. Indian Economy – A Profile

  • (a) Nature of the Indian Economy(b) Role of different sectors – Agriculture,
  • (b) Role of different sectors – Agriculture, Industry, and Services in the development of the Indian economy, their problems and growth
  • (c) 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.
  • (d) Basic understanding of tax system of India – Direct and Indirect Taxation

6. Select Aspects of Indian Economy

  • (a) Population – Its size, rate of growth and its implication for growth
  • (b) Poverty – Absolute and relative poverty and main programs for poverty alleviation(c) Unemployment – Types,
  • (c) Unemployment – Types, causes, and incidence of unemployment(d) Infrastructure ─ Energy, Transportation, Communication, Health and Education
  • (d) Infrastructure ─ Energy, Transportation, Communication, Health and Education(e) Inflation
  • (e) Inflation(f) Budget and Fiscal deficits
  • (f) Budget and Fiscal deficits(g) Balance of payments
  • (g) The balance of payments(h) External debts.
  • (h) External debts.

7. Economic Reforms in India

  • (a) Features of economic reforms since 1991
  • (b) Liberalization, Privatization, and Disinvestment
  • (c) Globalization.

8. Money and Banking

  • (a) Money – Meaning and functions
  • (b) Commercial Banks – Role and functions(c) Reserve Bank of India
  • (c) Reserve Bank of India – Role, and functions, Monetary policy.

Quantitative Aptitude

Chapters1. 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 of 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

  • (a) Textual, Tabular & Diagrammatic representation of data.
  • (b) Frequency Distribution.
  • (c) 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 surveys, Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size.

16. Index Numbers

CA CPT 2017 Eligibility Criteria:

The eligibility criteria for CA CPT 2017 is as follows:

NationalityIndian or Overseas Indian
Mandatory documentsAadhaar Card, Class 12th Mark sheet & Certificate, Class 10th Mark sheet & Certificate, Graduate Course Marksheets
Age limit
  • Candidates age should be 16 years as on 31st August 2018. (for UG courses)
  • The candidates should not possess the age less than 19 years as on 31st August 2018. (for PG courses)
Attempts allowedCandidates can attempt the exam till the Age is not exceeded.
Qualification
  • Candidates must have passed 12th or equivalent examination from any recognized board.
  • Candidates must have bachelor’s degree or master’s degree from any recognized university.
  • Candidates must have registered with ICAI for CPT course before October 1, 2017, for December examination.
  • Candidates holding UG/PG degree from Open University are exempted from appearing in the entry level test.
Percentage 55% (for candidates holding degree with Commerce), & 60% (for the candidates holding degree other than commerce stream)

CA CPT 2017 Application Form:

CA CPT Application Form will be available from 4th October 2017. The last date to submit the application will 25th October 2017. Candidates can print the receipt after submitting their forms. The application form can be filled by online mode only.

Here are the steps you need to follow:

  • Step 1: Go to the official website of ICAI CA CPT 2017, https://www.icai.org
  • Step 2: Fill down the complete and correct details in the form. That are your name, father’s name, mother’s name, date of birth, nationality, state, gender, communication address, email address, mobile number and your AADHAR number.
  • Step 3: After the final submission, note down your registration number.
  • Step 4: In the next screen upload your passport size photograph and signature.
  • Step 4: Make payment for application form fee and print the confirmation page.

CA CPT 2017 Application Fee:

CentersFees
For exam centers in India onlyRs.1000/-
For exam centers in Kathmandu (Nepal)
Rs.1700/-
For exam centers in Abu Dhabi, Doha, Dubai, and Muscat$ 30

CA CPT 2017 Admit Cards/ Hall ticket:

All the candidates who have registered for CA CPT 2017 examination need to download the admit card to appear in the main examination. Admit cards for CA CPT 2017 exam will be available from November 15, 2017, at the official website.

Here are the steps you need to follow to download your ICAR AIEEA 2018 admit card:

  • Step 1: Visit the official website and go to the candidate’s login window.
  • Step 2: Enter your login registration number, password and captcha code correctly.
  • Step 3: Go to the “admit card” tab and click on the link.
  • Step 4: Take a print out of your admit card for reference in future.

CA CPT 2017 Counseling:

Institute of Chartered Accountants of India (ICAI) has decided to complete the CA CPT 2017 counseling in three rounds. The first round of counseling will take place on July 2018. The procedure of CA CPT first round counseling registration is mentioned below:

  • Online Registration: Visit the official website and go to the section Counselling. Then register and get a unique User ID and Password on your registered mobile phone for the next step.
  • Choice Filling & Locking: Now choose the courses as per your choice and list them. After the final edit lock all your choices.
  • Counseling Result Declaration: All the candidates will receive their result of their allotted course through their registered SMS and Email after counseling ends.
  • Reporting to the College: After the counseling ends, all the candidates need to visit the college and need to pay the fee to take admissions. In case, any candidate fails to report the college, then the seat will be given to the next candidate.

Documents Required in Counseling Process:

  • 1. 10th/12th Mark sheets and Passing Certificates
  • 2. Bachelors or Masters Degree (provisional if original degree is not available)
  • 3. ICAI CA CPT 2017 Admit Card
  • 4. AADHAR Card
  • 5. Transfer Certificate
  • 6. CA CPT 2017 Score Card
  • 7. Caste Certificate
  • 8. Character Certificate
  • 9. Domicile Certificate

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