CPT is the first stage examination administered by India’s Institute of Chartered Accountants for the Chartered Accountancy course. CPT stands for Common Proficiency Test which tests the basic understanding of Accounting, Business Laws, logical Reasoning and Commercial Knowledge for a candidate. The CPT exam is split into four papers. Principles and Practice of Accounting being the first paper, while, Business Laws & Business Correspondence and reporting being the second paper. The second paper has two sections, A & B. Business Laws and Business Correspondence & Reporting, respectively. Business Mathematics and Logical Reasoning & Statistics being the third paper which also has two parts 1 & 2, Business Mathematics & Logical Reasoning and Statistics, respectively. Fourth paper will be Business Economics & Business and Commercial Knowledge, which also has two parts. The review is an objective form with a minimum passing mark of 40 per cent in each of the paper and an aggregate overall score of 50%.
Passing the CA CPT exam certainly opens the door to a massive opportunity in the Chartered Accountancy industry to aspire to future CAs. Here are just few basic tips:
CA-CPT Exam Tips
Syllabus: It’s important to understand the syllabus to sort topics that are more relevant to the exam. As you study for the CA-CPT test, you can concentrate more on topics that are commonly asked in previous years.
Study Plan: When planning their tasks ahead, people strive to do more as usual. Planning creates greater discipline and lets you study regularly.
Focus on all papers: A candidate must obtain an aggregate score of at least 40 percent in each of the four papers and a cumulative score of 50 percent must be obtained. And you’ll need to focus specifically on all four papers.
Accounting: Chartered Accountant career would include in-depth expertise of accounting. It is the main subject, so students appearing for the CA-CPT review need to concentrate on the topic of accounting. It is important to get clarity on the basic principles of accounting.
Business laws: After accounting for the CPT test, it is the 2nd most important subject. Study the subject extensively and get to know the main topics of Business Laws. It is also a highly scoring subject.
Business Economics: Be familiar with Micro Economics and Indian Economic Growth topics. While, from an analysis point of view, microeconomics is more scoring, knowing important topics covered by Indian Economic Development is also necessary.
Logical Reasoning & Statistics: Concentrate on the content of the CPT syllabus listed for Logical Reasoning to take your training in the right direction. It is necessary to understand key mathematical and statistical concepts to score well in the CA-CPT exam. Again, routine daily analysis of the Statistical questions is crucial to progress.
Previous Model & Previous Question Papers: It is not complete to prepare for an exam without reviewing previous question papers or practicing mock papers. Understanding previous test papers lets you grasp the exam’s query patterns. And the use of review query papers helps you to answer more problems and speed up.
Speed and accuracy: Candidates should be careful when answering questions as there is negative marking in the CPT test. 1/4 mark is deducted for any wrong response, so emphasis should be given to reply accurately while maintaining pace.
Revise: Make it a point about 2-3 weeks before the exam to check what you’ve been learning until now.
Stay positive: It’s really important to stay calm and to keep a positive outlook. Having yourself in the competitive CPT exam mode will place you under tremendous pressure. You need to recover from the tension of the test, to be able to face the CPT test with great caution.
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Also, click here to know about the complete process of becoming a Chartered Accountant.