CA- CPT DECEMBER 2010 Exam Date,ExamFee and Time Table : ICAI NEWS

CPT EXAM SESSIONS
Common Proficiency Test ( Paper- Pencil Mode) will be held on Sunday, 19th December
First Session
(i.e. Morning Session)
10.30 AM to 12.30 PM (IST)
Section – A Fundamentals of Accounting
Section – B Mercantile Laws
Second Session
(i.e. Afternoon Session)
2.00 PM to 4.00 PM (IST)
Section – C General Economics
Section – D Quantitative Aptitude
Exam Fee :
Exam fee for those who write in exam centres of India will need to pay RS 600/- (Rs.500/- towards examination fee and Rs. 100/-  towards cost of application form and Information brochure) .
Exam fee for those who write in  Abu Dhabi , Dubai, Doha and Bahrain centres will be US $160 ( US $ 150 towards examination fee and US $ 10 towards cost of application form and information brochure) or its equivalent Indian currency.
The fee for the candidates opting for Kathmandu centre are required to remit INR.950/-( INR 850/- towards examination fee and INR 100/- towards the cost of application form.
Exam forms will be available from October 6^th,2010.
Last date to submit exam forms 27^th October 2010
For Online Submission :
Alternatively the candidate may fill up the examination application form online at  http://icaiexam.icai.org from 6th October ,2010 ( 10:00 hrs) to 27th October ,2010 ( 17:30hrs) and remit the fee online by using credit card, either VISA or Master Card.
Eligible candidates to write December 19,2010 CPT Exam are those who are registered for CA CPT on or Before October 1,2010.

For Details  : Check Here

A closer look at the CPT

Test Eligibility

• You should have passed or appeared for the Class12 Examination.
• You should have registered for the CPT Course at least 2 months prior to the first day of the month in which the CPT is scheduled to be held.

Areas Tested
The CPT will test you in 4 areas, namely, Fundamentals of Accounting, Mercantile Law, General Economics, and Quantitative Aptitude. The subjects are at the foundation level.

Test Format
The test involves 2 sessions of 2 hours each, and each session contains 2 papers of 100 marks each.
Session 1 (2 Sections. 2 hours. 100 marks)
Section A: Fundamentals of Accounting (60 marks) Section B: Mercantile Law (40 marks)
Session 2 ((2 Sections. 2 hours.100 marks)
Section C: General Economics (50 marks) Section D: Quantitative Aptitude (50 marks)

Test Passing Score
A student would have to secure 50% marks, i.e., a total of 100 marks to pass the CPT.

Test Marks
Every correct answer would be awarded 1 mark and 0.25 marks would be deducted for every incorrect answer.

Test Months
The test is conducted twice a year, in the months of June and December.

Test Results
Results are usually announced within a month of the test.

Test Syllabus (abridged)

Fundamentals of Accounting
Accounting Concepts, Principles and Conventions
Accounting Process - Journal Entries, Ledgers, Trail Balance
Subsidiary Books - Cash Book and Other Books
Bank Reconciliation Statement
Capital and Revenue Expenditures and Receipts
Contingent Assets and Contingent Liabilities
Trail Balance, Errors and Their Rectification
Valuation of Inventory
Depreciations, Reserves and Provisions
Final Accounts of Non-manufacturing Entities
Final Accounts of Manufacturing Entities
Accounting for Consignments
Accounting for Joint Venture
Accounting For Bills of Exchange and Promissory Notes
Accounting for Sale of Goods on Approval/Sale/Return Basis
Accounting For Partnership Firms - Admission/Death/Retirement of a Partner
Accounting For Share Capital and Issue of Shares
Redemption of Preference Shares
Issue of Debentures

General Economics
Introduction to Microeconomics
Law of Demand and Supply
Theory of Consumer Behaviour
Theory of Production and Theory of Cost
Perfect Competition
Imperfect Competition
Nature of Indian Economy
Economic Reforms in India
National Income in India
Tax Structure
Budget and Fiscal Deficit in India, Balance of Payments, External Debt
Money and Banking

Mercantile Law
Nature of Contracts
Essential Elements of a Valid Contract
Performance of Contract
Breach of Contract & Contingent and Quasi-Contracts
Formation of the Contract of Sale
Conditions & Warranties
Transfer of Ownership & Delivery of Goods
Unpaid Seller
General Nature of Partnership, Relation of Partners
Registration and Dissolution of a Firm

Mathematics & Statistics
Ratio and Proportion, Indices and Logarithms
Equations
Inequalities
Simple and Compound Interest, including Annuity
Basic Concepts of Permutations and Combinations
Sequences and Series - Arithmetic and Geometric Progression
Sets, Functions and Relations
Limits and Continuity
Basic Concepts of Differential and Integral Calculus
Statistical Description of Data
Measures of Central Tendency and Dispersion
Correlation and Regression
Probability and Expected Value by Mathematical Expectation
Theoretical Distribution
Sampling Theory
Index Numbers

The Road to becoming a CA

Step 1: The Common Proficiency Test (CPT)
The first checkpoint on the road to becoming a CA is the CPT. This test is an aptitude checker designed along the lines of tests deployed by engineering, medical and other professional institutes. The Institute of Chartered Accountants of India (ICAI) introduced this test to identify students with an aptitude for Chartered Accountancy. This will eliminate the decades-old incidence of students re-appearing for exams and will improve the passing percentage. After passing the Class 10 Examination, students can register with the ICAI for the CPT Course. Once registered, and after appearing for or passing the Class 12 Examination, students can take the CPT.

Step 2: The Professional Competence Examination (PCE)
The next checkpoint is the PCE. The student is eligible to get to this level after passing the CPT as well as the Class 12 Examination. The student would have to achieve the following in order to be eligible to take the PCE:

• A 15-month apprenticeship as an Articled Assistant or an Audit Assistant, or partly as an Articled Assistant and partly as an Audit Assistant
• 100 hours of IT training on completion of 3 months of Articled Training

Step 3: Final CA Examination
The last stretch on the road to a qualification in Chartered Accountancy is the Final Examination. After clearing the PCE, the student must:

• Register for the Final Course with the Board of Studies.
• Undergo the General Management and Communication Skills (GMCS) Training Course while studying for the Final Course.
• Complete 3 ½ years of Articled Training.
• Appear for the Final Examination on completion of Training.
• Enroll for Membership in the ICAI after, passing the Final Examination.

The Road to becoming a CA**