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FAQ’s Related to CA – CPT Course

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FAQ’s Related to CA – CPT Course

What is the Common Proficiency Test?

It is an entry level test for Chartered Accountancy Course. It is an objective test of four subjects i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. The test is divided into two sessions of two hours each conducted for 200 marks.

Who can join the course?

A student who has passed the 10th standard examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto may register for Common Proficiency Course (CPC).

Is there any scheme available for student of Entrance/ Foundation/ Professional Education (Course-I) to switchover to Common Proficiency Course (CPC)?

 All earlier respective students of Entrance/ Foundation/ Professional Education (Course-I) who have not passed respective examinations are required to register afresh for Common Proficiency Course (CPC) by paying full registration fees for CPC, i.e., Rs.6,000/- as applicable at present to continue their studies in CA Course.

 Is it correct that Graduates/ Post-Graduates or Intermediate level examination passed students of the Institute of Cost Accountants of India or the Institute of Company Secretaries of India are exempt from CPT?

 Yes. The following categories of students shall be exempt from passing the Common Proficiency Test (CPT) as per Notification No. 1-CA (7)/145/2012 dated 1st August, 2012:-

  • Graduates or Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting;

OR

  • Graduates or Post Graduates other than those falling under Commerce stream mentioned above having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University).

Above category of students can commence practical training after undergoing Orientation Course and Information Technology Training (ITT).

 Provisional Registration:

 Students who are pursuing the Final year of Graduation Course shall be eligible for provisional registration to the Intermediate (Integrated Professional Competence) Course. Such students would be required to submit satisfactory proof of having passed the graduation examination with the specified percentage of marks within six months, from the date of appearance in the final year graduation examination (i.e. from the day of commencement of the examination). During the period of provisional registration, a student can undergo and complete Information Technology Training (ITT) and Orientation Course. It is clarified that in their case, the practical training shall commence only on becoming a Graduate with specified percentage of marks. Such students shall be eligible for appearing in the Intermediate (Integrated Professional Competence) Examination on completion of nine months of practical training. If such students fail to produce the proof within the aforesaid period, his provisional registration shall stand cancelled and the registration and other fees, as the case may be, paid by him shall not be refunded/ adjusted and no credit shall also be given for the theoretical education undergone.

 OR

  • Candidates who have passed the Intermediate level examination or its equivalent examination by whatever name called conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India.

Above category of students shall be eligible to appear in the Intermediate (IPC) Examination after undergoing study course period of 8 months.

How to apply for admission to the Common Proficiency Course (CPC)?

 A student is required to apply in the prescribed form. A student can buy a Prospectus from all Regional Offices/ Branches of the Institute by remitting Rs.100/-. The Application form for Registration to the course is available with the Prospectus. Alternatively,

  • The application form can be downloaded from Institute’s website www.icai.org; if Registration Form is downloaded from Institute’s website add Rs. 100/- or US $10 as the case may be with Common Proficiency Course (CPC) Registration Fee.
  • Candidates can also fill CPC registration on-line. The same is available on Institute’s website www.icai.org.
  • The Prospectus can also be procured by post from any of the offices of the Institute stated in Point 8 below on payment of Rs.140 (Rs.40 on account of postal charge).

What are the fees for registration?

CPC registration fee is to be paid in the form of Demand Draft drawn in favour of “The Secretary, The Institute of Chartered Accountants of India, payable at concerned Regional Office i.e. Mumbai, Chennai, Kolkata, Kanpur or New Delhi”. If Registration Form is downloaded from the Institute’s website, add Rs. 100/- or US $10 alongwith Common Proficiency Course (CPC) Registration fee for supply of a copy of the Prospectus alongwith the study package.

What are the documents/ proofs to be to be enclosed along with the CPC registration application?

The following documents to be enclosed along with the CPC Registration form:

(1) Demand Draft towards registration and other fees.

(2) Attested copy of Date of Birth and 10th pass Marks Statement.

(3) Attested copy of proof of Nationality, if student is foreigner.

(4) Attested copy of proof of special category certificate i.e. SC/ST, OBC and Differently abled. CPC Registration form to be submitted to the Regional Office in consonance with the address of the student.

Where to submit/dispatch filled-in application form?

The application form can be obtained and / or submitted to the following Offices of the Institute in consonance with the address of the student as stated below:

What are the subjects to be studied in CPT and weightage for each subject?

SESSION – I (Two Sections– Two hours – 100 Marks)

Section A: Fundamentals of Accounting (60 Marks)

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Section B: Mercantile Laws (40 Marks)

SESSION – II (Two Sections– Two hours – 100 Marks)

Section C: General Economics (50 Marks)

Section D: Quantitative Aptitude (50 Marks)

What is the detailed syllabus for CPT?

See : Common Proficiency Test (CPT) Course Syllabus – CPT Syllabus

Will there be any study package?

Yes. The Board of Studies provides a comprehensive reading material including large question bank. In addition, Volume I & II of the Model Test Papers are also being supplied to the students with study materials.

Is the Institute organizing any oral coaching to assist the students for preparation?

The Board of Studies organizes classroom lectures through Regional Councils and Branches of the ICAI and accredited institutions. A list of such institutions which are conducting oral coaching classes for CPT is available on the Institute’s website www.icai.org.A wide array of modern methods are also used for imparting theoretical education which include:

  • Lectures through Web TV, Live Virtual Classes (LVC), e-learning etc. and
  • Guidance through guidance@icai.org

What are the different types of modules for oral coaching available?

The different coaching modules are designed for conducting oral coaching at Regional Councils and Branches and accredited institutions:

Module I      
Crash Course Module Crash Course comprising of 60 days 4 hours per day Total teaching hours:200
       
Module II      
Regular Course Module Regular Course comprising of 80 days 3 hours per day Total teaching hours:240

A student has to contact the Principal / Chief Co-ordinator of the accredited institution for admission to oral coaching classes and ascertain the type of module available at the institution.

What is the fee to be paid for undergoing oral coaching?

Fees to be charged for different modules are decided by the accredited institutions. Details can be obtained from the concerned Regional Councils/ Branches or from accredited institutions.

What is the eligibility for appearing in the Common Proficiency Test (CPT)?

A registered student may appear in Common Proficiency Test (CPT) after he has appeared in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time. List of such recognized qualifications are given below:

List of Examinations treated as equivalent to Senior Secondary Examination:

1. Board of Intermediate Education, Andhra Pradesh
2. Assam Higher Secondary Education Council
3. Bihar School Examination Board

4. Central Board of Secondary Education (CBSE)
5. Chhatisgarh Board of Secondary Education
6. Council for Indian School Certificate Examinations (CISCE)
7. Goa Board of Secondary and Higher Secondary Education
8. Gujarat Secondary & Higher Secondary Education
9. Board of School Education, Haryana
10. H. P. Board of School Education
11. J & K State Board of School Education
12. Jharkhand Academic Council
13. Government of Karnataka Department of Pre-University Education
14. Kerala Board of Higher Secondary Education
15. Maharashtra State Board of Secondary & Higher Secondary Education
16. Board of Secondary Education, Madhya Pradesh
17. Council of Higher Secondary Education, Manipur
18. Meghalaya Board of School Education
19. Mizoram Board of School Education
20. Nagaland Board of School Education
21. Council of Higher Secondary Education, Orissa
22. Punjab School Education Board
23. Board of Secondary Education, Rajasthan
24. Tamil Nadu State Board of School Examinations
25. Tripura Board of Secondary Education
26. U. P. Board of High School and Intermediate Education
27. Board of School Education, Uttarkhand
28. West Bengal Council of Higher Secondary Education
29. Chhatisgarh State Open School
30. M.P. State Open School
31. National Institute of Open Schooling
32. Rajasthan State Open School
33. The West Bengal Council of Ravindra Open Schooling
34. Banasthali Vidyapith
35. 5 (Five) passes at GCE ‘O’ level/GCSE/IGCSE in A/B/C Grades and two passes at GCE ‘Advanced’ level examination of the approved British Examining Bodies is recognized by the Association of Indian Universities as equivalent to +2 stage qualification of an Indian Body.
36. Students who have completed two years of higher education including Diploma course after passing 10
th class, conducted either by Central/ State Government(s) and on passing such a course have either been admitted to first year of graduation course or have passed the graduation course conducted by any University, including Open Universities, established by law in India shall be also eligible for admission to the Common Proficiency Test (CPT).
37. 10+2 Examination of any other recognized Board/University not covered above but recognized by Association of Indian Universities (AIU) as equivalent to Senior Secondary (10+2) Examination as recognized by Central Government.

What is eligibility requirement for appearing in the CPT?

A student who registers to CPT course on or before 1st April will be eligible to appear in June CPT examination and student who registers on or before 1st October will be eligible to appear in December CPT examination on completion of specified period of 60 days upto the first day of the month in which examination is to be held. Further, a registered student is entitled to appear in Common Proficiency Test (CPT) after he has appeared in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time. A list of examinations which are treated as equivalent to Senior Secondary Examination is given above.

When is the CPT held? How to apply for CPT?

CPT is held twice in a year i.e., in June & December. Students who are desirous of appearing on-line CPT have to look for announcement on Institute website www.icai.org on regular intervals.A student has to follow the examination notification issued by the Examination Department of the ICAI and apply in the prescribed form alongwith the examination fee. The Examination Department will announce the examination centres in India and abroad in the notification and issues admit card.

How to make application for appearing in CPT?

A student has to follow the examination notification to be issued by the Examination Department of the ICAI and apply in the prescribed form either on-line or physical form. CPT fee for on-line application form is Rs. 500/- and physical form examination fee of Rs. 1000/- (inclusive cost of application form & exam fee). The Examination Department will notify the date of CPT and examination centres and issue admit card against examination application form received. CPT fee is subject to change from time to time.

What are the qualifying marks to pass CPT?

see  Revised Minimum Passing Marks for CPT

Whether Common Proficiency Course (CPC) registration is valid for indefinite period?

No. Common Proficiency Course (CPC) registration is valid for 3 years. CPC students should have valid registration before applying for relevant CPT. Revalidation of registration shall be done for further period of 3 years before expiry of initial registration. Students can revalidate their registration any number of times before expiry of valid registration period by paying Rs. 300/-. For further details student may refer announcement – “Revised Scheme of Revalidation of Registration for various levels of CA Course (CPT, Intermediate (Integrated Professional Competence) Course and Final Course) – dt. 7.2.2013 on Institute

website or refer link: http://220.227.161.86/29106validity-registration-CAcourse.pdf

What are the approximate expenses of CA Course?

The tentative expenses for pursuing CA Course are as follows:

Whether the student is eligible for any stipend during the CA Course?

Yes. The student while undergoing Articled Training is eligible for stipend. The current rate of stipend so payable to students is given below:

Whether student can pursue Graduation/ Post Graduation Course while undergoing Articled Training?

Yes. CA Student while undergoing articled training can pursue Graduation/ Post Graduation Course as well as MBA through distance learning programme from the Universities with whom the Institute has signed Memorandum of Understandings (MoUs). These Universities are IGNOU, Bharathiar University, University of Madras and Netaji Subhas Open University (NSOU). Students by obtaining permission from the Institute by submitting Form 112 can pursue course. Students may note that only one course is allowed during articled training period alongwith articled training.

Whether CA Course is recognized for pursuing Ph.D/ Fellow Programme from Universities and is it recognized for taking UPSC’s Class A and B Examinations?

Association of Indian Universities (AIU) has recognised Chartered Accountancy Qualification as equivalent to Post Graduate Degree in Commerce for pursuing Ph.D. Programme. Ninety Indian Universities and six Indian Institutes of Management recognised Chartered Accountancy Qualification as equivalent to Post Graduation for admitting the CA students to the Doctoral Programme.A student who has passed Final examination of the Institute of Chartered Accountants of India has been recognized for recruitment to Superior services / Posts under the Central Government. Accordingly, candidates possessing this qualification are eligible for admission to the Civil Services Examination , which is conducted by the Commission for recruitment to IAS, IPS and other Group ‘A’ / Group ‘B’ Central Services / Posts.

Is there any scholarship available for CA pursuing students?

CA CS CMA Free Lectures

Yes. Students who are pursing CA Course can avail the following scholarships

see :

What are the concessions available for Differently abled students while pursing CA Course?

See : Exceptions from All Fees for Differently abled CA students

How much time required becoming a Chartered Accountant?

A student through CPT route can become a Chartered Accountant approximately in 4 years,if he/she passes all eligible examinations in first attempt.

What are opportunities available for qualified CA?

A profession that imparts the best of technical skills in financial and management areas and abilities necessary for deciding and acting upon the high-pressure situations. The society has increasingly recognized the services of CAs in entire gamut of management consultancy including management accounting, management information and control systems, international finance, information technology and financial services sector. CAs today are part of the top management team and hold key positions in the corporate sector. Rapid changes taking place in the economy have further opened up new vistas of opportunities for the Chartered Accountants.

Whether articled training is compulsory for all students pursuing CA Course?

The articled training is a very important and integral part of chartered accountancy course.The eminence of the chartered accountancy profession nationally and globally is very much linked to the articled training. Further, mutual recognition for the chartered accountancy course at international level are based on both the theoretical as well as practical training requirements.

What does a student learn in articled training and are there any other options available for student in completing the articled training?

The unique requirement of practical training is instrumental in shaping a well-rounded professional to ensure that students have an opportunity to acquire on-the-job work experience of a professional nature. Such a practical training:

  • Inculcates a disciplined attitude for hard work;
  • Develops necessary skills in applying theoretical knowledge to practical situations;
  •  Provides exposure to overall socio-economic environment in which organisations operate; and
  •  Develops ethical values.

The entire period of practical training can be served with a practicing member or part of the training may be undergone as “Secondment Scheme”, under which a principal with the consent of the articled trainee is deputed to other practicing chartered accountant/s for a maximum period of one year to gain exposure in other areas of practice wherein, original principal may not be in a position to provide the same or it can also be served partly with a practicing member and partly in an approved industrial establishment as an Industrial Trainee. The period of such industrial training may range between 9 – 12 months during the last year of the prescribed period of practical training. Only students of Final Chartered Accountancy Course are eligible for Industrial training.

Does the CA curriculum offer anything apart from Exams/ Academics?

Yes. Students while pursuing Intermediate (IPC) Course or before joining for the articled training required to undergo soft skill development programmes compulsorily. Accordingly, they are required to undergo 35 hours Orientation Programme and 100 hours Information Technology Training (ITT) programme. Students during the articled training period required to undergo two General Management and Communication Skills (GMCS) Courses of 15 days each – GMCS – I during the first year of articled training and GMCS – II during 19-36 months articled training but before completion of articled training. Students are also required to undergo Advance Course on Information Technology Training during the 3rd year of practical training but before appearing in the Final examination.

What is the CA Student Journal about?

The CA Students’ Journal is published by the Institute every month. This Journal contains number of articles/ topics of academic interest. The Journal contains the details of students’ activities organized by the Institute and also contains information related to examinations. It is highly recommended for students to subscribe for the Journal. Subscription for one year for CA Students’ Journal is Rs. 200/-. Students wishing to subscribe for the Journal may add the subscription amount alongwith CPC registration fee or may pay the Demand Draft separately in favour of “The Secretary, The Institute of Chartered Accountants of Indian, payable at concerned Regional Office i.e. Mumbai, Chennai, Kolkata, Kanpur or New Delhi” towards CA Students’ Journal. During the articled training period; students are supplied CA Students’ Journal free of cost for a period 3 years.

Is there any age limit for pursuing CA Course? Can an employed person take up CA Course?

No. There is no upper age limit for pursuing CA Course. However, student after passing 10th standard examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto may register for Common Proficiency Test (CPT). An employed person can register for the CA Course, but during the articled training, he cannot take employment and articled training simultaneously.

Does ICAI conduct Campus Placements?

Yes. The Institute organizes Campus Placement twice a year. Top Notch Companies participate and conduct recruitment process at various offices of ICAI.

Is there any grievance redressal mechanism available in the Institute?

Yes. Through E-Sahaayataa, queries of Students and Members or any other persons are replied by the concerned employee at the earliest.

What is the next step after passing CPT?

Students after passing CPT and Senior Secondary (10+2) examination, conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto, can join for next level of Chartered Accountancy Course. The Chartered Accountancy Course consists of further two levels:

I. Intermediate (Integrated Professional Competence) Course

II. Final Course

For More read : How to become Chartered Accountant (C.A)

E-learning has become an important part of the modern education system. What steps are being taken by ICAI to make a e-learning an integral part of Chartered Accountancy Course?

The Board of Studies of the Institute has taken the initiative to make available e-learning for the students of Common Proficiency Course (CPC). Multi-media lectures of all the subjects of  CPC along with online Self-Assessment Quiz are hosted on the Institute’s website http://studentslms.icai.org. The students can avail this free service anytime, anywhere and get benefited.


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Also Read:

CA IPCC Syllabus CA IPCC Registration CA IPCC Exam Dates
CA IPCC Papers & Mock Tests CA IPCC Study Plan CA IPCC Suggested Answer
CA IPCC Revision Test Papers CA IPCC Study Material CA IPCC Important Dates


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