Common proficiency test (CPT) is conducted by ICAI every year in June and December. After passing out this test, student can have a direct entry to chartered accountancy course. Students after passing out 10th examination can join CPT course by registering themselves with the board of studies of ICAI. To join no minimum or maximum percentage are required. You just need to pass your 10th examination.
To apply for CPT you need to buy the prospectus where the application form will be available or else you can submit the form online from ICAI website. However, if you are selecting the second option (i.e. downloading the application form) then you needs to pay Rs. 100 extra in addition to the registration fee.
Once registered, CPT registration will be valid for 3 years. If you are unable to pass out CPT exams within 3 years of time then re-validation of your CPT registration is required with a fee of Rs. 300 to ICAI. After revalidation you can appear for CPT exams.
Documents required for Joining CPT
- Demand draft for registration to CPT
- 10th pass marks sheets or 10th pass certificate indicating Date of Birth, duly attested by a Chartered Accountant or Gazetted Officer or Head of the Institute as a proof towards your date of birth.
- 10+2 Admit Card or Attested copy of 10+2 pass or its equivalent qualification, if passed.
In addition to the above documents you also required to submit your proof on nationality if you are a foreigner and proof of your SC/ST/OBC or disabled if you belong to any of these categories.
After joining CPT, you will be provided with study materials containing the whole syllabus. It is treated as an entry level test for chartered accountancy course where your understanding on subjects like accounting, mercantile law, general economics and quantitative aptitude are tested. You have 4 papers in CPT carrying 200 marks. To pass out CPT one need to get 50% marks in aggregate and 30% marks in each subjects i.e. fundamentals of accounting, mercantile law, general economics and quantitative aptitude.
CPT exams are held in two sessions. In the first session, questions will be asked from fundamentals of accounting carrying 60 marks and mercantile law carrying 40 marks. In the second session, questions will be asked from general economics carrying 50 marks and quantitative aptitude of 50 marks.
CPT exams can be appeared if you have joined the course before 6 months of the CPT exam and have appeared in your 10+2 examination. This is the minimum requirement. You can even join CPT after passing out 10+2 examination.
After passing out CPT exam one can register for the next stage of chartered accountancy course called IPC (integrated professional competence) to become a chartered accountant.
Fee for CPT
|Sr. no||Particulars||Amount in Rs.|
|3||Students journal for one year (optional)||200|
|4||Subscription for members journal (optional)||400|
CPT exams are conducted every year in June and December. By looking at the eligibility and time period of joining CPT, a student who has registered for CPT course on or before 1st April will be eligible to appear in June examination. Similarly, a student who has registered on or before 1st October will be eligible to appear in the December CPT examination. Exam notifications are published in institute journal, newsletter and websites.
To pass out CPT exams one need to get 50% marks in aggregate and 30% marks in each subject/section. CPT is an objective type of test where ¼ marks will be deducted for each wrong answer.