CA CPT Exam 2024: The CA CPT Exam 2024 is a significant step for individuals aspiring to pursue a career in Chartered Accountancy. Conducted twice a year in June and November, this offline test assesses candidates in General Economics, Accounting, Mercantile Law, and Quantitative Aptitude.
Becoming a Chartered Accountant opens doors to opportunities in private financial firms, including banks and insurance sectors, contributing to the continuous growth of the private sector in India.
In a post-liberalization era, the role of CAs has become crucial in handling complex financial practices, making it a prestigious and achievement-worthy profession with promising prospects, especially in the corporate finance world. To explore the CA CPT Exam 2024, refer to additional information here.
| CA CPT Exam 2024: Overview | |
|---|---|
| Particulars | Details |
| Conducting Authority | The Institute of Chartered Accountants of India |
| Examination Name | Chartered Accountant Common Proficiency Test (CA CPT) |
| Exam Level | National Level |
| Occurrence | Twice a Year |
| Year | 2024 |
| Exam Mode | Pen and paper-based exam |
| Exam Type | Entry Level |
| Exam Medium | English/Hindi |
| Official Website | www.icai.org |
| CA CPT Exam 2024: Important Dates | |
|---|---|
| Events | Tentative Dates |
| CA CPT Online Application begins | Feb 03, 2023 |
| CA CPT Online Application deadline | March 03, 2023 |
| Online Application correction window without late fee | March 04, 2023 |
| Online Application correction window with late fee | – |
| CA CPT Admit Card | June 10, 2023 |
| CA CPT Exam Date | June 24 to 30, 2023 |
| CA CPT Results | August 2023 |
Here are some essential points about the application process:
- The CA CPT application form will be available online on the official website.
- Candidates should fill out the form with accurate and valid information.
- Take extra care while filling out the application form.
- The ICAI may reject multiple forms submitted by a single candidate.
Ensure a smooth application process for the CA CPT Exam 2024 by adhering to these guidelines and providing the necessary documents accurately.
To register for the CA CPT Exam 2024, you’ll need the following documents with your Registration Form:
- Demand Draft: Prepare a demand draft with the required registration fees.
- Class X Mark Sheet: Include an attested copy of your Class X mark sheet as proof of date of birth.
- Nationality Proof: Provide a document as proof of your nationality.
- Category Certificate: Include a certificate indicating your category (General or ST/SC).
To apply for the CA CPT Exam 2024, follow these steps:
Step 1: Visit the official ICAI website.
Step 2: Log in using your credentials or register if you’re a new candidate.
Step 3: Click on ‘Apply for June 2024 CA CPT’.
Step 4: Complete the application form with necessary details.
Step 5: Attach documents like a passport-sized photograph and signature.
Step 6: Pay the INR 400 application fee through the payment gateway and keep the fee receipt.
Step 7: Download and submit the application form.
After the application window closes, a correction window opens for a few days. During the first session, corrections are free, while late fee charges apply for corrections made in the second session. Ensure accuracy in your application for a smooth CA CPT Exam 2024 process.
The CA CPT Exam 2024 follows a specific pattern, Here below, we’ve provided important details:
| CA CPT Exam 2024: Exam Pattern | |
|---|---|
| Particulars | Details |
| Exam Mode | Offline (PBT) |
| Maximum marks | 200 marks |
| Duration | First shift would be from 10:30 am to 12:30 pm, and the 2nd shift would be from 2:00 pm to 4:00 pm. |
| Medium | English |
| Marking scheme | 1/4 marks will be deducted for every incorrect answer |
| Type of questions | Multiple-choice questions (MCQ) |
| CA CPT Exam 2024: Subjects Weightage | |||
|---|---|---|---|
| Sessions | Sections | Marks | Timing |
| CA CPT First session | A-Fundamental of Accounting | 60 | 10:30 AM-12:30 PM (two hours). |
| B- Mercantile Laws | 40 | ||
| Second session | C-General Economics | 50 | 2.00 PM -4.00 PM (two hours) |
| D-Quantitative Aptitude | 50 | ||
| Total | 4 Sections | 200 | 4 hours |
The CA CPT Exam syllabus 2024 covers a broad range of topics, emphasizing practical knowledge. Questions are designed to test candidates’ understanding and application of concepts. To improve scores, practicing test papers is essential.
Fundamentals of Accounting:
- Theoretical Framework
- Introduction to Company Accounts
- Depreciation Accounting
- Bank Reconciliation Statement
- Partnership Accounts
- Accounting Process
- Accounting for Special Transactions
- Preparation of Final Accounts for Sole Proprietors
Mercantile Laws:
- The Indian Contract Act: Basics of a valid contract, essentials, etc.
- The Indian Partnership Act, 1932: Nature of partnership, registration, dissolution, rights, and duties of partners.
- The Sale of Goods Act, 1930: Contract formation, conditions, warranties, transfer of ownership, delivery, and rights of an unpaid seller.
Quantitative Aptitude:
- Theoretical Distributions
- Limits and Continuity
- Ratio and Proportion
- Sequence and Series
- Indices
- Sets, Functions, and Relations
- Logarithms
- Equations
- Inequalities
- Statistics and Data
- Sampling Theory
- Basics of Differential and Integral Calculus
- Permutations and Combinations
- Measures of Central Tendency and Dispersion
- Simple and Compound Interest
General Economics:
- Indian Economic Development
- Introduction to Microeconomics
- Theory of Demand and Supply
- Microeconomics
- Theory of Production and Cost
- Price Determination in Different Markets
- Overview of the Indian Economy and Select Aspects
- Economic Reforms in India
- Money and Banking
For a successful CA CPT Exam 2024, focus on understanding and applying these topics. Regular practice with test papers will enhance your scores.
To be eligible for the CA CPT Exam 2024:
- Education Qualification: Candidates must have passed their 10th and 12th exams from a recognized board or an equivalent examination.
- Registration Deadline: For those planning to take the CPT exam in June, register on or before April 1; for the December exam, register by October 1.
- Holiday Consideration: If the last registration day falls on a Gazetted Holiday, National Holiday, Bank Holiday, or Sunday, the next working day becomes the deadline for Common Proficiency Course (CPC) registration.
- Degree Requirement: Candidates need a Bachelor’s or Master’s degree with at least 60% marks in all subjects, excluding Commerce, to be eligible.
Ensure you meet these criteria to register and qualify for the CA CPT Exam 2024 successfully.
| CA CPT Exam 2024: Selection Process | |
|---|---|
| Section | Score |
| Principles and Practice of Accounting | 18 out of 60 (30%) |
| Business Laws, Correspondence, and Reporting | 12 out of 40 (30%) |
| Business Mathematics, Logical Reasoning, and Statistics | 15 out of 50 (30%) |
| Business Economics and Business and Commercial Knowledge | 15 out of 50 (30%) |
Admit cards for the CA CPT Exam 2024 are usually available 14 days before the exam. These cards hold essential details like the test centre, course, and roll number.
It’s crucial to bring a printed copy of the admit card to the exam, as entry without it is not allowed. Follow these steps in order to download the admission card:
Step 1: Visit the official ICAI website and find the link for the CA CPT admit card.
Step 2: Log in using your registered ID and password for CA CPT 2024. This will take you to your ICAI account.
Step 3: Inside your ICAI account, locate and click on the ‘View’ button for the CA CPT admit card.
Step 4: Once you click ‘View,’ the admit card details will be displayed.
Step 5: Save or download the admit card by clicking on the relevant button.
Step 6: Before downloading, make sure to carefully check and verify all the details provided in the CA CPT admit card to ensure accuracy.
After the CA CPT June Exam 2024, the Answer Keys will be available on the official ICAI website. These keys, expected to be released a week before the results, provide insight into your performance. Follow these simple steps to download the CA CPT Answer Keys:
Step 1: Visit the official ICAI website.
Step 2: Navigate to the examination section, opening a new window.
Step 3: Look for the ‘Answer key for foundation course’ option on the page.
Step 4: Enter your login credentials.
Step 5: Download the answer key to assess your performance.
Stay informed about your performance by following these simple steps to access the answer keys on the ICAI website for the CA CPT Exam 2024.
After the CA CPT Exam 2024, check your results on the official website of the Institute of Chartered Accountants of India using these steps:
Step 1: Visit the ICAI official website.
Step 2: In the announcement section, locate the CA CPT Result link.
Step 3: Access the CPT result for the June 2024 attempt through the provided link.
Step 4: Enter your roll number and Registration No. Or PIN.
Step 5: A new window will display your result; make sure to print it for future reference.
Alternatively, to receive your scorecard via SMS, send an SMS stating ‘CPT_Exam roll number’ to 58888.
Stay informed about your CA CPT Exam 2024 results with these easy steps.
After the CA CPT Exam 2024, check your results on the official website of the Institute of Chartered Accountants of India using these steps:
Step 1: Visit the ICAI official website.
Step 2: In the announcement section, locate the CA CPT Result link.
Step 3: Access the CPT result for the June 2024 attempt through the provided link.
Step 4: Enter your roll number and Registration No. Or PIN.
Step 5: A new window will display your result; make sure to print it for future reference.
Alternatively, to receive your scorecard via SMS, send an SMS stating ‘CPT_Exam roll number’ to 58888.
Stay informed about your CA CPT Exam 2024 results with these easy steps.
For effective preparation towards the CA CPT Exam 2024, consider the following tips:
- Start Early: Begin studying months before the exam and reserve the final month for thorough revision.
- Commerce Background Advantage: Candidates with a commerce background have an edge. Leverage this advantage in your preparation.
- Master Accounting Basics: Accounting is central to the exam. Ensure a deep understanding of class 11th and 12th accounts and enhance calculation speed.
- Mock Test Practice: For Business Law, focus on applicative questions. Regularly practice mock tests and question papers to improve your score in this section.
- Utilize NCERT for Economics: Proficiency in class 11th and 12th economics concepts is crucial. Practice with ICAI Prescribed books and emphasize macroeconomics for better scores.
- Mathematics and Statistics: While the math section is basic, don’t underestimate it. Practice class 10th mathematics and statistics thoroughly for good marks.
- Stay Updated: Keep abreast of the latest syllabus changes and plan your study time effectively.
- Handwritten Notes: Make concise notes of important points and tackle challenging questions separately. This strategy helps reinforce key concepts.
Following these preparation tips will enhance your readiness for the CA CPT Exam 2024.
Furthermore, the CA CPT Exam 2024 presents a significant opportunity for individuals aspiring to pursue a career in Chartered Accountancy. The detailed application process, eligibility criteria, exam date, and pattern provide a comprehensive overview for prospective candidates. Initiating the preparation well in advance, focusing on key subjects, and staying updated on the latest syllabus are essential steps for success in this examination.
As candidates embark on their journey to prepare for the CA CPT Exam 2024, it is crucial to emphasize early preparation, mastering foundational concepts, and practicing with mock tests. The takeaway is the importance of diligence and strategic study habits to navigate through the diverse sections of the exam successfully.
To apply for the CPT exam in 2024, visit the official website of the Institute of Chartered Accountants of India (ICAI). Enter personal details like name, date of birth, address, educational qualifications, etc., as part of the application process. Also, for more detailed information on the CA CPT Exam 2024, check the above article.
Yes, the Institute of Chartered Accountants of India (ICAI) has introduced a new syllabus for the CA Foundation in 2024 as part of the updated education and training system. Also, for more detailed information on the CA CPT Exam 2024, check the above article.
If you have completed your graduation with an aggregate of 55% marks, you can skip CPT (CA Foundation) and directly enroll for IPCC (CA Intermediate) through the direct entry route. Also, for more detailed information on the CA CPT Exam 2024, check the above article.
Yes, ICAI introduced the Direct Entry Scheme, allowing students who have completed their graduation with specified marks to skip CPT exams and directly appear for IPCC exams is the Intermediate Level. Also, for more detailed information on the CA CPT Exam 2024, check the above article.
