CA CPT Question Bank CD

CA CPT June 2018 Entrance Exam

In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the Foundation Course { Under Revised Scheme}, Intermediate ( IPC ) { Under Existing Scheme }, Intermediate { Under Revised Scheme } and Final { Under Existing & Revised Scheme } Examinations will be held on the dates given below at the following places provided that sufficient number of candidates offer themselves to appear from each centre.

CA CPT June 2018 Entrance Exam Date

17th June, 2018 ( Sunday )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

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CA CPT June 2018 Eligibility

Eligibility requirements to appear in CA CPT June, 2018

A candidate shall be eligible to appear in Common Proficiency Test in June, 2018  if he / she has

Either passed or appeared in the Senior Secondary Examination ( 10+2 examination ) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time. ( The list of examinations recognized as equivalent to Senior Secondary Examination );

* As per a recent Juneision of the Council of the ICAI, candidates with certain higher qualifications are also eligible to appear in the CPT.

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CA CPT June 2018 Exam Pattern

For CPT Examinations there is One Paper, Two Sessions 200 Marks.

Session I

  • Section A : Fundamentals of Accounting – 60 Marks
  • Section B : Mercantile Laws – 40 Marks

Session II

  • Section C : General Economics – 50 Marks
  • Section D : Quantitative Aptitude – 50 Marks

Exemption(s) from appearing in a paper(s) or Group of CA Exams, under the New Scheme of Education and Training w.e.f. May 2018 examinations.

New Scheme of Education of the CA course, has been implemented with effect from 1st July, 2017. The Examinations at various levels under the New Scheme of Education and Training will be held with effect from May 2018 examination onwards.

Examinations under the existing scheme of education at various levels of the course will continue to be held as per the schedule already announced. The Council of the Institute has decided to grant the following exemptions under new syllabus approved by it under sub-regulation (4) of regulation 28G in respect of Intermediate Examination and under clause (iv) of regulation 31 of the Chartered Accountants Regulations, 1988 in respect of Final Examination for existing students in respect of the group/paper qualified by them under the old scheme :

Intermediate Examination

Exemption from appearing in a paper or papers on the basis of securing sixty per cent marks 

The Council decided to continue to award exemption in a paper or papers to a candidate, granted earlier in the Intermediate ( Integrated Professional Competence ) Examination under the syllabus approved by the Council under sub-regulation (3) of regulation 28E for the unexpired chance or chances of that exemption in the corresponding paper or papers, in which he has secured exemption if the corresponding paper(s) exist(s) in the new syllabus approved by the Council under sub-regulation (4) of regulation 28G.

Accordingly, the status of exemptions available to a candidate who had been granted exemption in paper(s) in the Intermediate examination, on the basis of having secured a minimum of sixty marks in paper(s), for the un-expired chance(s) will be as follows :

Exemption in paper/s granted in the
Intermediate ( IPC ) Examination
Exemption in corresponding paper/s
in the Intermediate Examination
under regulation 28G(4), w.e.f May
2018.
Group I - Paper 1 : AccountingGroup I - Paper 1 : Accounting
Group I - Paper 2 : Business Laws, Ethics and
Communication
Group I - Paper 2 : Corporate & Other Laws
Group I - Paper 3 : Cost Accounting and
Financial Management
Group I - Paper 3 : Cost and Management
Accounting
Group II - Paper 8 : Financial Management &
Economics for Finance
Group I - Paper 4 : TaxationGroup I - Paper 4 : Taxation
Section A : Income Tax Law
Section B : Indirect Taxes
Group II - Paper 5 : Advanced AccountingGroup II - Paper 5 : Advanced Accounting
Group II - Paper 6 : Auditing and AssuranceGroup II - Paper 6 : Auditing and Assurance
Group II - Paper 7 : Information Technology
& Strategic Management
Section A : Information Technology
Section B : Strategic Management
Group II - Paper 7 : Enterprise Information
Systems & Strategic Management
Section A : Enterprise Information Systems
Section B : Strategic Management

Group-wise Exemption

Further, the Council decided to grant exemption(s) to a candidate of the Intermediate ( New ) Syllabus, on the basis of group(s) passed, under the Integrated Professional Competence Examination or the Intermediate ( Integrated Professional Competence ) Examination, as mentioned in the table below.

Group passed in
Intermediate ( integrated
Professional competence ) /
Integrated professional
Competence examination
Group to be passed in the
Intermediate examination
Under regulation 28G (4)
Students who have passed Group - ITo pass Group - II of Intermediate
examination excluding Paper no. 8 of Group
–II of Intermediate examination ( Unit 10-
i.e. Paper 5, 6 and 7 of Intermediate
examination-New Syllabus )
Students who have passed Group - IITo pass Group - I of Intermediate
examination.

In other words, students who have passed one of the groups of Integrated Professional Competence Examination or the Intermediate ( Integrated Professional
Competence ) Examination but not both the groups of the said examinations are required to appear in the remaining group of the Intermediate Examination as mentioned in the above table.

Unit Scheme

The Council also approved the “Unit” Scheme as per attachment for those candidates who had completed one of the Groups under the erstwhile Intermediate Examination under the syllabus as specified in paragraph 2A of Schedule B to Chartered Accountants Regulations 1988 ( held in November 1994 or thereafter ) or Professional Education ( Examination II ) or Professional Competence Examination ( PCE ), or Intermediate ( Professional Competence ) Examination, or Integrated Professional Competence Examination or Intermediate ( IPC ) Examination and are desirous of completing the Intermediate Course ( New ) Syllabus.

Final Examination

Paper-wise Exemption on the basis of securing sixty per cent or more marks

The Council decided to continue to award exemption in a paper or papers to a candidate, granted earlier under the syllabus approved under clauses (i) and (ii) of Regulation 31 for the unexpired chance or chances of the exemption in the corresponding paper or paper(s) for the paper or papers in which he had secured exemption, if the corresponding paper or paper(s) exist(s) in the new syllabus of the Final Examination approved by the Council under clause (iv) of regulation 31.

In other words, a student of Final (Existing) Course who has been granted exemption in any paper ( by virtue of having secured a minimum of sixty percent marks in one or more papers in a Group/s as per the existing criteria for grant of exemptions ) under Regulation 38(C)(6) of the Chartered Accountants Regulations, 1988 will be granted exemption in the corresponding paper or papers in the Final ( New ) Examination for the unexpired chance or chances of the exemption as given below :

Final ( Existing ) Course under
Regulation 31(ii) of the CA Regulations
Final ( New ) Course under
Regulation 31(iv) of the CA
Regulations 1988.
Group - IGroup - I
Paper 1 : Financial ReportingPaper 1 : Financial Reporting
Paper 2 : Strategic Financial ManagementPaper 2 : Strategic Financial Management
Paper 3 : Advanced Auditing and Professional
Ethics
Paper 3 : Advanced Auditing and
Professional Ethics
Paper 4 : Corporate and Allied LawsPaper 4 : Corporate and Economic Laws
Group - IIGroup - II
Paper 5 : Advanced Management AccountingPaper 5 : Strategic Cost Management and
Performance Evaluation
Paper 6 : Information Systems Control
And Audit
Nil. Since there is no corresponding
paper in the New Course.
Paper 7 : Direct Tax LawsPaper 7 : Direct Tax Laws & International
Taxation
Paper 8 : Indirect Tax LawsPaper 8 : Indirect Tax Laws

Group-wise exemption

The Council decided that a candidate who has passed in any one but not in both the groups of the Final Examination under the syllabus approved by the Council under clauses (i) and (ii) of Regulation 31 or of the Final Examination as per the syllabus under paragraph 3 or 3A of Schedule `B‘ to the Chartered Accountants Regulations, 1988 or paragraph 3 of Schedule BB to the Chartered Accountants Regulations, 1964 ( two groups scheme after 1st January, 1985 ) enforced at the relevant time shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the Final ( New ) Examination under Regulation 31(iv).

In other words, students who have passed one of the groups under the syllabus as mentioned above shall be treated as having passed in that particular group and are required to appear in the remaining group of Final ( New ) examination under Regulation 31(iv) in order to pass the CA Final Examination to be held w.e.f May, 2018 onwards.

Group passed under the Final Course
(Under Regulation 31(i) or (ii) or
Para 3 or 3A of Schedule B to CA
Regulations 1988 or Para 3 of
Schedule BB of CA Regulations 1964.
Group required to be passed under
Final (New) Course under
Regulation 31(iv) of CA Regulations
1988.
Students who have passed Group - ITo pass Group-II of Final ( New ) course and
complete Advanced ICITSS and pass the
test thereunder
Students who have passed Group - IITo pass Group-I of Final ( New ) course and
complete Advanced ICITSS and pass the
test thereunder.

CA CPT June 2018 Application Form

Applications for admission to Common Proficiency Test ( CPT ) is required to apply online at http://icaiexam.icai.org  from from 4th April, 2018 to 26th April, 2018 ( without late fees ) and upto 3rd May, 2018 ( with Late Fees of Rupee 600/- for Indian & Kathmandu Centres and $10 for Foreign Centres ). The exam fee is required to be submitted on-line by using either VISA or MASTER Credit / Debit Card / Rupay Card / Net Banking.

The fees payable for the Common Proficiency Test is Rupee 1000/- for centres in India, Rupee 1700/- for centres in Kathmandu ( Nepal ) and $ 300/- for centres in Abu Dhabi, Doha, Dubai & Muscat The aforesaid Common Proficiency Test ( CPT ) is open only to students registered with the Institute of Chartered Accountants of India for the Common Proficiency Course and fulfill the requisite eligibility conditions.

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CA CPT June 2018 Exam Centres

Places of examination centres in India

S.NoExam CentreS.NoExam CentreS.NoExam Centre
1AGRA2AHMEDABAD3AHMEDNAGAR
4AJMER5AKOLA6ALAPPUZHA
7ALIGARH8ALLAHABAD9ALWAR
 

10
AMBALA11AMBIKAPUR ( CHHATTISGARH )12AMRAVATI
13AMRITSAR14ANAND15ANANTAPUR
16ASANSOL17AURANGABAD18BADLAPUR
19BALOTRA20BANSWARA21BAREILLY
22BATHINDA23BEAWAR24BELGAUM
25BELLARY26BENGALURU27BERHAMPORE
28BHAGALPUR29BHARATPUR30BHARUCH
31BHAVNAGAR32BHILWARA33BHIWANDI
34BHIWANI35BHOPAL36BHUBANESWAR
37BHUJ38BIKANER39BILASPUR
40BUNDI41BURHANPUR42CHANDIGARH
43CHANDRAPUR44CHENNAI45CHHINDWARA
46CHITTORGARH47CHURU48COIMBATORE
49CUTTACK50DEHRADUN51DELHI / NEW DELHI
52DHANBAD53DHULE54DURG
55DURGAPUR56ELURU57ERNAKULAM
58ERODE59FARIDABAD60FATEHABAD
61FIROZABAD62GANDHIDHAM63GANDHINAGAR
64GHAZIABAD65GONDIA66GORAKHPUR
67GUNTUR68GURGAON69GUWAHATI
70GWALIOR71HALDWANI72HARIDWAR
73HISAR74HUBLI75HYDERABAD
76ICHALKARANJI77INDORE78JABALPUR
79JAIPUR80JALANDHAR81JALGAON
82JALNA83JAMMU84JAMNAGAR
85JAMSHEDPUR86JHANSI87JHUNJHUNU
88JODHPUR89JUNAGADH90KAITHAL
91KAKINADA92KALABURGI ( GULBARGA )93KANNUR
94KANPUR95KARIMNAGAR96KARNAL
97KISHANGARH98KOLHAPUR99KOLKATA
100KOLLAM101KOTA102KOTTAYAM
103KOZHIKODE104KUMBAKONAM105KURNOOL
106LATUR107LUCKNOW108LUDHIANA
109MADURAI110MALAPPURAM111MANDSAUR
112MANGALORE113MAPUSA ( GOA )114MARGAO ( GOA )
115MATHURA116MEERUT117MORADABAD
118MUMBAI119MUZAFFARNAGAR120MUZAFFARPUR
121MYSORE122NAGPUR123NANDED
124NASHIK125NAVI MUMBAI126NAVSARI
127NEEMUCH128NELLORE129NIZAMABAD
130NOIDA131ONGOLE132PALAKKAD
133PALGHAR134PALI MARWAR135PANIPAT
136PANVEL137PARBHANI138PATIALA
139PATNA140PIMPRI-CHINCHWAD141PONDICHERRY
142PORT BLAIR143PUNE144RAIGARH ( CHHATTISGARH )
145RAIPUR146RAJAMAHENDRAVARAM147RAJKOT
148RANCHI149RATLAM150RATNAGIRI
151REWA152REWARI153ROHTAK
154ROURKELA155SAHARANPUR156SALEM
157SAMBALPUR158SANGLI159SANGRUR
160SATARA161SATNA162SHIMLA
163SHIMOGA164SIKAR165SILIGURI
166SIROHI167SIRSA168SIVAKASI
169SOLAPUR170SONEPAT171SRI GANGANAGAR
172SRINAGAR173SURAT174SURENDRANAGAR
175THANE176THIRUVANANTHAPURAM177THRISSUR
178TINSUKIA179TIRUCHIRAPALLI180TIRUNELVELI
181TIRUPATI182TIRUPUR183TUTICORIN
184UDAIPUR185UDUPI186UJJAIN
187VADODARA188VAPI189VARANASI
190VASAI191VELLORE192VIJAYAWADA
193VISAKHAPATNAM194WARANGAL195YAMUNA NAGAR
196YAVATMAL   

Places of examination centres overseas

Code Centres
1Abu dhabi
2Doha
3Dubai
4Kathmandu
5Muscat

The Council reserves the right to withdraw any centre at any stage without assigning any reason.

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CA CPT June 2018 Syllabus

Level of Knowledge : Basic knowledge

Session – I

Section A : Fundamentals of Accounting ( 60 Marks )

Objective : To develop conceptual understanding of the fundamentals of financial accounting system.

Contents

1. Theoretical Framework

  • Meaning and Scope of accounting
  • Accounting Concepts, Principles and Conventions
  • Accounting Standards – concepts, objectives, benefits
  • Accounting Policies
  • Accounting as a measurement discipline – valuation principles, accounting estimates

2. Accounting Process

Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

3. Bank Reconciliation Statement

4. Inventories

  • Basis of inventory valuation and record keeping.

5. Depreciation accounting

  • Methods, computation and accounting treatment of depreciation, Change in depreciationmethods.

6. Preparation of Final Accounts for Sole Proprietors

7. Accounting for Special Transactions

  • Consignments
  • Joint Ventures
  • Bills of exchange and promissory notes
  • Sale of goods on approval or return basis.

8. Partnership Accounts

  • Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

9. Introduction to Company Accounts

  • Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

Section B: Mercantile Laws ( 40 Marks )

Objective : To test the general comprehension of elements of mercantile law.

Contents

  • The Indian Contract Act , 1872 : An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract , performance of contract and breach of contract.
  • The Sale of Goods Act, 1930 : Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights.
  • The India Partnership Act, 1932 : General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

Session – II

Section C : General Economics ( 50 Marks )

Objective : To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.

Contents

(I) Micro Economics

1. Introduction to Micro Economics

  • Definition, scope and nature of Economics
  • Methods of economic study
  • Central problems of an economy and Production possibilities curve

2. Theory of Demand and Supply

  • Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, income and cross elasticity
  • Theory of consumer ’s behaviour – Marshallian approach and Indifference curve approach
  • Meaning and determinants of supply, Law of supply and Elasticity of supply

3. Theory of Production and Cost

  • Meaning and Factors of production
  • Laws of Production – The Law of variable proportions and Laws of returns to scale
  • Concepts of Costs – Short – run and long – run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

  • Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
  • Price determination in these markets.

(II) Indian Economic Development

5. Indian Economy – A Profile

  • Nature of the Indian Economy
  • Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
  • National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans
  • Basic understanding of tax system of India – Direct and Indirect Taxation

6. Select Aspects of Indian Economy

  • Population – Its size, rate of growth and its implication for growth
  • Poverty – Absolute and relative poverty and main programs for poverty alleviation
  • Unemployment – Types, causes and incidence of unemployment
  • Infrastructure – Energy, Transportation, Communication, Health and Education
  • Inflation
  • Budget and Fiscal deficits
  • Balance of payments
  • External debts

7. Economic Reforms in India

  • Features of economic reforms since 1991
  • Liberalisation, Privatisation and Disinvestment
  • Globalisation.

8. Money and Banking 

  • Money – Meaning and functions
  • Commercial Banks – Role and functions
  • Reserve Bank of India – Role and functions, Monetary policy

Section D: Quantitative Aptitude ( 50 Marks )

Objective : To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.

Contents

1. Ratio and proportion, Indices, Logarithms

2. Equations

Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.

3. Inequalities

  • Graphs of inequalities in two variables – common region.

4. Simple and Compound Interest including annuity ─ Applications

5. Basic concepts of Permutations and Combinations

6. Sequence and Series – Arithmetic and geometric progressions

7. Sets, Functions and Relations

8. Limits and Continuity ─ Intuitive Approach

9. Basic concepts of Differential and Integral Calculus ( excluding trigonometric functions )

10. Statistical description of data

  • Textual, Tabular & Diagrammatic representation of data.
  • Frequency Distribution.
  • Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

11. Measures of Central Tendency and Dispersion

  • Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

12. Correlation and Regression

13. Probability and Expected Value by Mathematical Expectation

14. Theoretical Distributions

  • Binomial, Poisson and Normal

15. Sampling Theory

Basic Principles of sampling theory , Comparison between sample survey and complete enumeration, Errors in sample survey , Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size.

16. Index Numbers

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CA CPT June Results 2018

CA CPT Exam Date

CA CPT 2018 Entrance Exam will be Conducted on 17th June, 2018.

CA CPT Result Date

CA CPT 2018 June Results likely to be declared in the month of July, 2018.

Email Registration for CA CPT Results 2018

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CA CPT June 2018 Important Dates

S.NoEventDate
1Starting Date for Online Application Form4th April, 2018
2Last Date for Submission of Application Form26th April, 2018
3Last Date for Submission of Application Form with late fee of Rupee 600/-3rd May, 2018
4Date of CA CPT June 2018 Entrance Examination17th June, 2018 ( Sunday )

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Contact Details

The Additional Secretary ( Exams ),
The Institute of Chartered Accountants of India,
ICAI Bhawan, Indraprastha Marg,
New Delhi – 110 002.
Phone No. : 0120 – 3054 851,
Fax No. : 0120 – 3054 841,
Email : onlineexamforms@icai.in,
Website : www.icai.org.

CA CPT Question Bank CD

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