CA CPT COACHING IN CHANDIGARH 2017 Exam

CPT is one of the renowned examinations which students aspire for. This exam is
conducted by ICAI (Institute if chartered accountant of India). Clearing the exam is
the best option for the candidates who aspire for a career in accountancy.
Candidates who have passed class X examinations conducted by any examining
body constituted by the Law in India or an exam that is recognized by the
Government as equivalent thereto may register for CPT.
Candidates who have registered for CPT may appear in the Common Proficiency
Test after they have appeared in the Senior Secondary Examination (10+2)
conducted by an examining body constituted by the Law of India (or any other
examining body recognized by the Central Government as equivalent thereto) and
who has completed the requirement as specified by the Institute from time to time.
Also, candidates who have registered themselves for CPT 60 days prior to the first
day of the month in which the exam is to be conducted i.e. on or before April 1st
and October 1st can appear in CPT exam to be held in June and December
respectively.

CPT is held twice every year in the months of June and December.2016 &
2017

Students who have completed two years of higher education including Diploma
course after passing 10th 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 also be
eligible for admission to the Common Proficiency Test (CPT).10+2 Examination of
any other recognized Board/University not covered above but recognized by the
Association of Indian Universities (AIU) as equivalent to Senior Secondary (10+2)
Examination as recognized by Central Government is also considerable.
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.

Application form for CA CPT

The application form for CA CPT can be filled online by students who have passed
their class X from any board constituted by the Law in India or any other
equivalent paper. The application procedure is online; one can fill the form on
ICAIs official website. The application form costs Rs. 100. The cost of CPT
registration is Rs. 6000 and the cost of CPT is Rs. 500. The payment of fee can be
made through Credit/ Debit Card or Bank Challan.

CA CPT Selection Procedure

CA is divided mainly into three segments:
Foundation Course: CPT- Common Proficiency Test, which is the entrance
exam for the program is held twice every year in the months of June and
December. To appear in the exam candidates have to first register for the
programand to clear it a minimum 30% score in all sections along with a minimum
aggregate of 50% is required.
Intermediate Course: After successful completion of +2 exam and CPT,
candidates are eligible for the registration for IPCC (Integrated Professional
Competence Course). Students can choose from two options, either Group I
and/or Group II. A minimum nine months of study period is required after the
completion of CPT for appearing in Group exams.
The orientation course is for one week with thirty five hour credit covering areas
like office procedure, general commercial knowledge, communication skills,
business environment etc. After completing the orientation course, a candidate
has to gain competence in IT (Information Technology), hundred hours of
Information Technology Training (ITT) has to be completed by the candidate,
followed by the article ship.\

Group I has four papers and Group II has three papers. This is the intermediate
test commonly known as IPCE (Integrated Professional Competence
Examination).
Graduate candidates who have scored 50 % marks in subjects- Auditing and
Commercial Accounting and Mercantile law and graduates from other disciplines
with a minimum of 55% marks can appear directly in IPCC without having to
appear in the foundation course.
On successfully passing either both groups combined or Group I alone of
Integrated Professional Competence Examination students can register as Article
Assistants for a Three year period.
Final Course: Students can join CA final Course while still serving as Article
Assistants. In the last 12 months of Article training candidates have to undergo a
15 day course on General Management and Communication skills (GMCS).
GMCS can also be done after taking the examination.
Candidates can take their final examinations on completion of the three year
article ship or while serving the last six months of the training.

CA CPT Exam Pattern

Common Proficiency Test commonly known as CPT is the gateway exam to CA
course, conducted by ICAI in June and December.
The FOUR hour test consists of objective questions ranging from Fundamentals
of Accounts, Mercantile Law, and General Economics and Quantitative aptitude.
CPT exam is divided into two sessions containing 100 questions in each.
Out of the 100 questions from Session I, 60 are from fundamental Of Accounts
and 40 from Mercantile Law. Each right answer carries 1 mark each and for every
wrong answer mark gets deducted.
Session II contains 50 questions from General Economics and 50 from
Quantitative Aptitude out of the total of 100 questions.
TIME SHEDUAL IN CA CPT EXAM
Total Marks 200
Mode of examination Objective
No. of Questions 200
Duration - 4 hours (two sessions of 2 hours each)

 Timing
Session I (10.00 am to 12.00 am)
Session II (2.00pm to 4.00pm)
CA CPT Syllabus
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 depreciation methods.
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, reissue 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:
1. 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.
2. 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.
3. The Indian Partnership Act, 1932: General Nature of PartnershipRights 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
Behavior 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
consumers behavior Marshalling 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 capital 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,
Liberalization, Privatization and Disinvestment, Globalization
8. Money and Banking: Money Meaning and functions, Commercial BanksRole
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: Linearsimultaneous 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,Standard
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 Number
HOW TO PREPARE CA CPT EXAM 2017
Preparing for CA CPT COACHING is not an easy task but it isn't impossible either,
with the right attitude and dedicated hard work anyone with an average
intelligence can crack this exam.
All you need is the right guidance and ability to work hard and keep your
consistency.
Below are few guidelines that you should follow to better your chances at cracking
CPT Coaching .
1. The Right mindset: Not just for cracking CPT or any other competitive exam, a
right mindset is required to excel at almost anything. Most students think CPT as a
tough competitive exam but in reality if prepared the right way its easy to crack.
All you have to do is believe on your abilities and keep yourself motivated at all
times.
2. Planning well: Nothing big has ever been achieved without a good plan. To
crack CA CPT you have to have an elaborate plan encompassing your time
schedules, syllabus completion and revisions. Creating a good and solid plan and
consistently following it will keep things moving smooth and your course won't pile
up. You will save a lot of time as there would be no room for procrastination. First
of all, jot down a complete list of syllabus that you have to prepare, rate different
topics on the basis of your interest and prior knowledge and start finishing the
higher rated topics first.

This will give you immense confidence as you will see that a lot has been done
already. The closer you get to your goal the more your motivation and the drive to
succeed will increase. So plan solid and act on it, on a daily basis!
3. Preparing thoroughly: A thorough preparation is required to crack CPT. The
paper covers four subjects viz. Fundamental of Accounting, Mercantile Laws,
General Economics and Quantitative Aptitude. As the course is wide, a strong
preparation is required. To do that the first step would be to gather complete study
material, CA CPT notes, books etc. Try to get your hands on some sample papers
so that you get an overall idea of what comes in paper and how to best answer it
for maximum success.

3. Preparing thoroughly: A thorough preparation is required to crack CPT. The

paper covers four subjects viz. Fundamental of Accounting, Mercantile Laws,
General Economics and Quantitative Aptitude. As the course is wide, a strong
preparation is required. To do that the first step would be to gather complete study
material, CA CPT notes, books etc. Try to get your hands on some sample papers
so that you get an overall idea of what comes in paper and how to best answer it
for maximum success.
4. Gather your resources: Often, students are baffled regarding what to study
and from where, for a lot of competitive exam including CA CPT the course is very
wide including topics from various subjects. Different students prefer different
ways of preparation, while some take the aid of coaching institutes other prepare
on their own. Coaching institutes often provide a lot of help as they provide
ready-made study material in the form of notes, lectures, assignments, CA CPT
test series, study material.
The same benefits of regular coaching can also be reaped by joining an online
course, joining an online course provides you all the benefits of regular coaching
with the added advantages of time saving, 24*7 access to teachers and
counselors, digital notes, video lectures, 2D and 3D presentations for better
understanding, test series etc.
Students can also prepare on their own without any coaching aid but this is not
advised as looking for different resources take up a lot of time and also leaves a
lot of room for miss-information and errors. Also, students won't be able to get
solutions to their problems quickly.

5. Revision: Perhaps the second most important thing after preparation in the list,
revision is must to ensure that you transform your knowledge into marks in exam.
Revision is required after you have completed each topic to transfer all that you
have learned to your permanent memory. Take out one day from your week,
weekends serve better, for revision of all that you have learned so far. Attempt
new problems by using the new knowledge that you have gained in the week to
learn effective implementation because this is the only thing that will translate your
knowledge into successful clearing of the exam. Learn to implement your
knowledge, find ways to make it better!
6. Preparing for the exam: Overlooked by most students, this crucial step is
integral for successful execution of the exam, candidates prepare throughout the
year but they dont practice test papers enough and on the day of exam they get
anxious and fail to deliver their best. This can be tackled by attempting a lot of test
papers, mock tests in a quasi-exam environment.
To overcome this fear and anxiety you can also join an online test series wherein
you will get enough exposure on how to effectively tackle the exam and will be
graded on a national level, this way you can also track your position amongst the
competition and alter your strategies accordingly.

Student Says That In Gyan Sagar institute

Simaranjeet singh
Technical as well as theoretical expertise of gyan sagar institutes teachers helped me
fulfil my dream of clearing CA CPT exam.I can not thank them enough for giving me
courage and strength to chase after my dream.my successful is dedicated to Gyan sagar
Institute.thank you and wish you bests for the future.

Vansh sharma
I went to Gyan Sagar Institute after I got to know about it from my friend. After I
attended demo classes I was impressed by teaching methods of teachers at Gyan Sagar
institute. Their reasoning and numerical tips and tricks are exceptional and study material
provided by them helps a lot while practicing for the test .Also I learned many tricks to
manage time during exam. i am thankful to Gyan Sagar Institute showing and guiding me
path to my success. I would suggest everyone who wants to succeed in banking entrance
exam

And ETC.