Common Proficiency Test

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Flowchart on how to become a Chartered Accountant by the Examination route

The CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations in India.

Eligibility[edit]

A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12).

Test model[edit]

It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz.

1.Accounting (60 Marks) + Mercantile Laws (40 Marks)

2.Economics (50 Marks) + Quantitative Aptitude[disambiguation needed] (50 Marks).

Every incorrect answer on the CPT exam carries a 0.25 negative mark. A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate, in all the four Sections to pass the Common Proficiency Test.[1]

Exam dates[edit]

CPT exams are held in June and December in paper pencil mode. On-line CPT exams are also conducted periodically.Last CPT exam held on 22 June 2014. Next CPT exam held on 14 December 2014.

Exemption[edit]

But with effect from 3rd Aug 2012, CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPCC.

References[edit]