Education and Career Forum

How to pass CPT june 2013? How should i make my studies?

how prepare all subject

Hello,
Below is the syllabus which you have to focus


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

(One paper– Four hours – 200 Marks)

Level of Knowledge: Basic knowledge

SESSION – I

(Two Sections– Two hours –100 Marks)

Section A: Fundamentals of Accounting ( 60 Marks )

1. Theoretical Framework

(i) Meaning and Scope of accounting
(ii) Accounting Concepts, Principles and Conventions
(iii) Accounting Standards– concepts, objectives, benefits
(iv) Accounting Policies
(v) 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

(a) Consignments
(b) Joint Ventures
(c) Bills of exchange and promissory notes
(d) 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 )

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 India Partnership Act, 1932: General Nature of Partnership Rights and duties of partners Registration and dissolution of a firm.

SESSION– II

(Two Sections– Two hours– 100 Marks)

Section C: General Economics ( 50 Marks )

(I) Micro Economics

1. Introduction to Micro Economics

(a) Definition, scope and nature of Economics
(b) Methods of economic study
(c) Central problems of an economy and Production possibilities curve.

2. Theory of Demand and Supply

(a) Meaning and determinants of demand, Law of demand and Elasticity of demand Price, income and cross elasticity
(b) Theory of consumer ’s behaviour Marshallian approach and Indifference curve approach
(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

3.Theory of Production and Cost

(a) Meaning and Factors of production
(b) Laws of Production - The Law of variable proportions and Laws of returns to scale
(c) Concepts of Costs - Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

(a) Various forms of markets– Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
(b) Price determination in these markets.

(II) Indian Economic Development

5. Indian Economy– A Profile

(a) Nature of the Indian Economy
(b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
(c) 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.
(d) Basic understanding of tax system of India– Direct and Indirect Taxation

6. Select Aspects of Indian Economy

(a) Population– Its size, rate of growth and its implication for growth
(b) Poverty –Absolute and relative poverty and main programs for poverty alleviation
(c) Unemployment– Types, causes and incidence of unemployment
(d) Infrastructure- Energy, Transportation, Communication, Health and Education
(e) Inflation
(f) Budget and Fiscal deficits
(g) Balance of payments
(h) External debts.

7. Economic Reforms in India

(a) Features of economic reforms since 1991
(b) Liberalisati on, Privatisation and Disinvestment
(c) Globalisation.

8. Money and Banking

(a) Money –Meaning and functions
(b) Commercial Banks– Role and functions
(c) Reserve Bank of India– Role and functions, Monetary policy.

Section D: Quantitative Aptitude ( 50 Marks )

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

(a) Textual, Tabular & Diagrammatic representation of data.
(b) Frequency Distribution.
(c) 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 Bin omial, 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

Further you have to qualify for minimum marks which you go through from following link

http://www.charteredclub.com/cpt-exam/

The Common Proficiency Test (CPT) is the first step towards the Chartered account certificate. CPT has a higher pass rate compared to other levels of CA exams. GyanCentral catches up with Professor Manisha Lopez, an expert CPT trainer for over two decades to know more about the strategy and important focus points for the CPT examination in 2012.

What is the structure of CPT and how many times is it conducted in a year?

CPT is an entrance exam for the person who is interested in doing their CA course. In order to do the CPT the basic requirement is that you should have passed your 10th Grade. If you meet this requirement then you can register with the CA institute. In Mumbai the CA institute is situated at Cuff Parade.

You can register for the CPT after your 10th Grade, but can take the exams only after your 12th Grade exams. The 12th Grade exams are held in the month of February and the CPT exam is conducted in the month of June. The CPT exam is conducted twice in a year, the second of which is held in December.

The paper is spread across 2 papers of 100 marks each. The first paper is split into 60 marks of Accounts and 40 marks assigned for Law. The second paper consists of 50 marks for Economics and 50 for Mathematics. The paper is based on the MCQ format and there is 1 mark for every right answer and a negative marking of .25. The negative marking can be altered by the CA institute, in which case it can be increased to .50. The overall passing cut-off across 2 papers is 50%. However the CA institute has been planning to have an individual cut-off for each subject which hasn't been put to practice as yet. This implies that one has to score 100 out of 200 to pass the exam.

Are there any sectional cut-offs?

At present there are no sectional cut-offs. The CA institute had proposed a 30% individual section-level cut-off, but the issue is still pending with the central Government.

Are graduates not required to give CPT to undergo the CA course?

The CA institute has passed a rule which says that a graduate does not have to give CPT; they can directly enroll for IPCC. The approval has been granted but it has not yet been applied. Therefore even a graduate has to give the CPT.

Coming to the sectional questions within CPT, usually students consider maths to be the most difficult part in the CPT. How does one go about tackling the same?

It's not 100% mathematics. Let's split it into 3 parts: arithmetic, calculus and statistics. Arithmetic includes topics like ratio and proportion, calculation of interest etc which is usually covered in course curriculum leading up to the 12th Grade. Second part i.e. Statistics which is new for everybody and is easier to score. The third part is Calculus which is a little difficult with students with a non-math background in the 12th Grade. Topics like Derivatives and Integration which form a part of this section are complex in their own right. We suggest these students to focus heavily on Arithmetic and Statistics and leave Calculus for later attempts. This would ensure efficient time management and an attempt to cross the cut-off of 100 marks. There are also some theoretical questions which can be attempted in place of the practical ones.

Would you say that CPT exam is only concentrating on your strengths and letting your weaknesses go or you would say that like a CA exam i.e. the IPCC exams where you can get the questions out of the blue?

In case of paper 2 featuring Economics and Mathematics, students can heave a sigh of relief as they don't feature in the further stages. It also means that one can gamble only in these exams and avoid certain topics which are difficult to comprehend. Students tend to worry a lot and lose focus from their strong areas. Many CPT takers fear the mathematics section and end up concentrating entirely on that. This contributes a great deal when it comes to clearing the cut-off. I think that they should be focusing on Accounts and Law as they will be holding a higher subject/knowledge value in the future levels.

Economics contains a lot of modules. How should one go about with the enormous readings as a part of one's preparation?

The Economics at the CPT level is a combination of the topics covered from one's F.Y.J.C to his/her T.Y. B.Com. However, the emphasis is more on the Economics of the 11th and 12th Grade. Some of the other topics are very interesting and require conceptual understanding.

What are the different sources of preparation?

The module put out by the CA institute is easy to follow and self-explanatory. Students can grasp the basic concepts and can also visit the institute's web site to access more study material and video lectures. Moreover the CA institute provides 30 mock papers for practice purposes. There are also many online and physical coaching classes which train students for this exam. Students just need to be familiarized with the trends of questions asked and their associated answers. The trick is to solve more papers to get the entire drift and increase one's confidence levels.

How many tests should a student take on an average and how should he/she go about analyzing his/her attempts?

One should take the chapter wise tests which feature at the end of each chapter before diving into the mock papers. Irrespective of the nature of the tests, analysis of the results is crucial as it helps to understand the ways to measure one's performance and work on the areas to improve. For example at ideal classes we've got 'ISET' which is a self-evaluation test whereby there are small tests of 20 marks on each topic with the allotted time of 20 minutes. Students can take the test multiple times. Every time a new set of questions appear and one is given an opportunity to assess oneself in 20 minutes which is very important. One needs to know and mark the errors and mistakes and subsequently rectify them in the early stages, so that one is prepared comprehensively for the actual exam.

How should one measure his/her speed and accuracy correlation? How should one go about benchmarking oneself?

As per my observation students undergoing regular tests and mock papers never have a problem completing the paper. Mathematics is a roadblock as students get confused with the questions in that section and tend to spend more time cracking it. One mark per minute is a fair evaluation.

Do you think sectional cut-off would be introduced this year?

It's quite possible. However, if it's introduced then students will have a tough time redistributing their time allotment as they would have to attempt the math section to clear the 30% cut-off (15 marks). The results would be highly affected and the overall percentage of CPT results will fall drastically.

How should one go about preparing for the CPT exam if he's giving his attempt this June? How should he allocate his time towards revisions?

One should devote at least 9 hours a day towards preparing for the CPT exam. The 12th Grade exams conclude by the second week of March and one should put in those long hours post that.

By when should the students be done with their basic preparations?

Students should be done with their preparations by the 31st of May. The exam date typically falls around the 18th or 19th of June. Students should focus on solving the mock papers after May 31st.

Given that Law and Accounts will be featuring in level 2 and 3, what should be the key areas/topics of focus, both from CPT and future exams point of view?

The concepts learnt in the 11th and 12th Grades need to be crystal clear as CPT is the test of one's sound understanding of the subject matter and the basic construct built in these two years.

What would be your final advice to the students who would be giving the June 2012 attempt?

Every student differs in terms of his/her capacity and capability. However, one's positive attitude defines one's success. Even if you've scored 70% in your 10th Grade, you can easily clear the CPT exam. The CA course overall is difficult, but the trend of passing percentage is increasing year on year. The passing percentage at present stands at 40%.

Do you see an increasing trend when it comes to the number of aspirants taking the test each year?

The number of students taking the test each year is definitely increasing thanks to the introduction of the MCQ style of answering. Students feel more confident once they clear their CPT exam and tend to focus more strongly on the second and third stage exams which are more complex in nature.

The Common Proficiency Test (CPT) is the first step towards the Chartered account certificate. CPT has a higher pass rate compared to other levels of CA exams. GyanCentral catches up with Professor Manisha Lopez, an expert CPT trainer for over two decades to know more about the strategy and important focus points for the CPT examination in 2012.

What is the structure of CPT and how many times is it conducted in a year?

CPT is an entrance exam for the person who is interested in doing their CA course. In order to do the CPT the basic requirement is that you should have passed your 10th Grade. If you meet this requirement then you can register with the CA institute. In Mumbai the CA institute is situated at Cuff Parade.

You can register for the CPT after your 10th Grade, but can take the exams only after your 12th Grade exams. The 12th Grade exams are held in the month of February and the CPT exam is conducted in the month of June. The CPT exam is conducted twice in a year, the second of which is held in December.

The paper is spread across 2 papers of 100 marks each. The first paper is split into 60 marks of Accounts and 40 marks assigned for Law. The second paper consists of 50 marks for Economics and 50 for Mathematics. The paper is based on the MCQ format and there is 1 mark for every right answer and a negative marking of .25. The negative marking can be altered by the CA institute, in which case it can be increased to .50. The overall passing cut-off across 2 papers is 50%. However the CA institute has been planning to have an individual cut-off for each subject which hasn't been put to practice as yet. This implies that one has to score 100 out of 200 to pass the exam.

Are there any sectional cut-offs?

At present there are no sectional cut-offs. The CA institute had proposed a 30% individual section-level cut-off, but the issue is still pending with the central Government.

Are graduates not required to give CPT to undergo the CA course?

The CA institute has passed a rule which says that a graduate does not have to give CPT; they can directly enroll for IPCC. The approval has been granted but it has not yet been applied. Therefore even a graduate has to give the CPT.

Coming to the sectional questions within CPT, usually students consider maths to be the most difficult part in the CPT. How does one go about tackling the same?

It's not 100% mathematics. Let's split it into 3 parts: arithmetic, calculus and statistics. Arithmetic includes topics like ratio and proportion, calculation of interest etc which is usually covered in course curriculum leading up to the 12th Grade. Second part i.e. Statistics which is new for everybody and is easier to score. The third part is Calculus which is a little difficult with students with a non-math background in the 12th Grade. Topics like Derivatives and Integration which form a part of this section are complex in their own right. We suggest these students to focus heavily on Arithmetic and Statistics and leave Calculus for later attempts. This would ensure efficient time management and an attempt to cross the cut-off of 100 marks. There are also some theoretical questions which can be attempted in place of the practical ones.

Would you say that CPT exam is only concentrating on your strengths and letting your weaknesses go or you would say that like a CA exam i.e. the IPCC exams where you can get the questions out of the blue?

In case of paper 2 featuring Economics and Mathematics, students can heave a sigh of relief as they don't feature in the further stages. It also means that one can gamble only in these exams and avoid certain topics which are difficult to comprehend. Students tend to worry a lot and lose focus from their strong areas. Many CPT takers fear the mathematics section and end up concentrating entirely on that. This contributes a great deal when it comes to clearing the cut-off. I think that they should be focusing on Accounts and Law as they will be holding a higher subject/knowledge value in the future levels.

Economics contains a lot of modules. How should one go about with the enormous readings as a part of one's preparation?

The Economics at the CPT level is a combination of the topics covered from one's F.Y.J.C to his/her T.Y. B.Com. However, the emphasis is more on the Economics of the 11th and 12th Grade. Some of the other topics are very interesting and require conceptual understanding.

What are the different sources of preparation?

The module put out by the CA institute is easy to follow and self-explanatory. Students can grasp the basic concepts and can also visit the institute's web site to access more study material and video lectures. Moreover the CA institute provides 30 mock papers for practice purposes. There are also many online and physical coaching classes which train students for this exam. Students just need to be familiarized with the trends of questions asked and their associated answers. The trick is to solve more papers to get the entire drift and increase one's confidence levels.

How many tests should a student take on an average and how should he/she go about analyzing his/her attempts?

One should take the chapter wise tests which feature at the end of each chapter before diving into the mock papers. Irrespective of the nature of the tests, analysis of the results is crucial as it helps to understand the ways to measure one's performance and work on the areas to improve. For example at ideal classes we've got 'ISET' which is a self-evaluation test whereby there are small tests of 20 marks on each topic with the allotted time of 20 minutes. Students can take the test multiple times. Every time a new set of questions appear and one is given an opportunity to assess oneself in 20 minutes which is very important. One needs to know and mark the errors and mistakes and subsequently rectify them in the early stages, so that one is prepared comprehensively for the actual exam.

How should one measure his/her speed and accuracy correlation? How should one go about benchmarking oneself?

As per my observation students undergoing regular tests and mock papers never have a problem completing the paper. Mathematics is a roadblock as students get confused with the questions in that section and tend to spend more time cracking it. One mark per minute is a fair evaluation.

Do you think sectional cut-off would be introduced this year?

It's quite possible. However, if it's introduced then students will have a tough time redistributing their time allotment as they would have to attempt the math section to clear the 30% cut-off (15 marks). The results would be highly affected and the overall percentage of CPT results will fall drastically.

How should one go about preparing for the CPT exam if he's giving his attempt this June? How should he allocate his time towards revisions?

One should devote at least 9 hours a day towards preparing for the CPT exam. The 12th Grade exams conclude by the second week of March and one should put in those long hours post that.

By when should the students be done with their basic preparations?

Students should be done with their preparations by the 31st of May. The exam date typically falls around the 18th or 19th of June. Students should focus on solving the mock papers after May 31st.

Given that Law and Accounts will be featuring in level 2 and 3, what should be the key areas/topics of focus, both from CPT and future exams point of view?

The concepts learnt in the 11th and 12th Grades need to be crystal clear as CPT is the test of one's sound understanding of the subject matter and the basic construct built in these two years.

What would be your final advice to the students who would be giving the June 2012 attempt?

Every student differs in terms of his/her capacity and capability. However, one's positive attitude defines one's success. Even if you've scored 70% in your 10th Grade, you can easily clear the CPT exam. The CA course overall is difficult, but the trend of passing percentage is increasing year on year. The passing percentage at present stands at 40%.

Do you see an increasing trend when it comes to the number of aspirants taking the test each year?

The number of students taking the test each year is definitely increasing thanks to the introduction of the MCQ style of answering. Students feel more confident once they clear their CPT exam and tend to focus more strongly on the second and third stage exams which are more complex in nature.

IS 1 MONTH STUDY ENOUGH TO CRACK CPT JUN-13 WITH THIS 30% RULE..!! I EXACTLY HAV 1 MONTH WID ME..!! PLZ RPLY ASAP..!! MA PREV ATTEMPT I HAD SCORED 96.25

Those who have done their graduation, is still need to give CPT Exams or not ?

[QUOTE=Unregistered;3495262]IS 1 MONTH STUDY ENOUGH TO CRACK CPT JUN-13 WITH THIS 30% RULE..!! I EXACTLY HAV 1 MONTH WID ME..!! PLZ RPLY ASAP..!! MA PREV ATTEMPT I HAD SCORED87/QUOTE]8l

i have fail in cpt exam condut in dec 2013 what to do now