Chartered Accountant Common Proficiency Test – CA CPT June 2018

 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 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 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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