FIELDS OF EDUCATION,
CAREER OPTIONS AND PROSPECTUS
Career Discussion Forum / Community Board
CA CPT COURSE
Common Proficiency Test is an entry level
examination for admission to the Chartered Accountancy Course. A 10th Passed
student can register for CPT Course by filling in the prescribed
registration form along with the requisite fee. A student who has passed
higher qualifications than 10th class such as B.Com, M.Com, LL.B., ICWA, CS,
MBA is also, in the first instance, to appear and pass CPT Examination to
join the Chartered Accountancy Course.
CA CPT June 2012 Syllabus
Level of Knowledge : Basic knowledge
SESSION – I :
Section A : Fundamentals of Accounting ( 60 Marks )
To develop conceptual understanding of the fundamentals of financial
1. Theoretical Framework
Meaning and Scope of accounting
Accounting Concepts, Principles and Conventions
Accounting Standards – concepts, objectives, benefits
Accounting as a measurement discipline – valuation principles, accounting
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
Basis of inventory valuation and record keeping.
5. Depreciation accounting
Methods, computation and accounting treatment of depreciation, Change in
6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions
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 )
To test the general comprehension of elements of mercantile law.
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 )
To ensure basic understanding of economic systems, economic behaviour of
individuals and organizations.
( 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
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
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
Unemployment – Types, causes and incidence of unemployment
Infrastructure – Energy, Transportation, Communication, Health and Education
Budget and Fiscal deficits
Balance of payments
7. Economic Reforms in India
Features of economic reforms since 1991
Liberalisation, Privatisation and Disinvestment
8. Money and Banking
Money – Meaning and functions
Commercial Banks – Role and functions
Reserve Bank of India – Role and functions, Monetary policy