Thursday, 19 April 2012

What You Need to Know About CA-CPT Exam?

What is CPT?

First of all, what exactly does CPT mean? The full form of this abbreviation is "Common Proficiency Test". If one wants to pursue a course in chartered accountancy, he or she has to clear this entrance test. Before being able to give this examination, one has to register with the 'Institute of Chartered Accountants of India' (ICAI) which is the main statutory body.

What kind of test it is?

Now when you know that you have to give this test to become a chartered accountant. The next step would be to learn more about it. The first and foremost thing to learn about a test is what subjects are to be studied. The most important one is of course 'accountancy' as a CA must be very proficient while dealing with accounts and making financial statements. This subject is majorly used in various domains of a CA's work like bookkeeping or auditing. Then there is 'merchant law' which helps you to learn about international law of commerce and makes you familiar with the legal technicalities. The next one is called 'General Economics' which deals with general economic issues. And the last but not the least is 'Quantitative Aptitude' which defines your ability to solve mathematical problems. Thus, if you are good with numbers (i.e. you can solve complex numerical problems with ease), then you have good prospects as a chartered accountant.

How long is the test?

Unlike the tests which you used to give during school days, this test is being separated into two sessions, each of which is having duration of two hours.

When is the test taken?

Thankfully this is not a yearly test and takes place two times in a year. You can give this test in June or December as per your suitability.

What are the eligibility criteria?

To be eligible for the test you must have passed 10

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