ICAI Syllabus Common Proficiency Test<\/p>\n
Common Proficiency Test (CPT)
\n(One paper \u2013 Four hours \u2013 200 Marks)
\nLevel of Knowledge: Basic knowledge<\/p>\n
SESSION \u2013 I<\/strong><\/p>\n (Two Sections\u2013 Two hours \u2013 100 Marks)<\/strong><\/p>\n Section A: Fundamentals of Accounting ( 60 Marks )<\/strong><\/p>\n Objective:<\/p>\n To develop conceptual understanding of the fundamentals of financial accounting system.<\/p>\n Contents<\/p>\n 1. Theoretical Framework 2. Accounting Process 3. Bank Reconciliation Statement<\/p>\n 4. Inventories<\/p>\n Basis of inventory valuation and record keeping.<\/p>\n 5. Depreciation accounting<\/p>\n Methods, computation and accounting treatment of depreciation, Change in depreciation methods.<\/p>\n 6. Preparation of Final Accounts for Sole Proprietors<\/p>\n 7. Accounting for Special Transactions<\/p>\n (a) Consignments 3 Section B: <\/strong><\/p>\n Mercantile Laws ( 40 Marks )<\/strong><\/p>\n Objective:<\/p>\n To test the general comprehension of elements of mercantile law Contents<\/p>\n 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.<\/p>\n 2. The Sale of Goods Act, 1930: Formation of the contract of sale \u2013 Conditions and Warranties \u2013 Transfer of ownership and delivery of goods \u2013 Unpaid seller and his rights.<\/p>\n 3. The India Partnership Act, 1932: General Nature of Partnership \u2013 Rights and duties of partners \u2013 Registration and dissolution of a firm.<\/p>\n SESSION \u2013 II<\/strong><\/p>\n (Two Sections\u2013 Two hours \u2013 100 Marks)<\/strong> Objective: Contents Section D: <\/strong><\/p>\n Quantitative Aptitude ( 50 Marks )<\/strong><\/p>\n Objective: ICAI Syllabus Common Proficiency Test Common Proficiency Test (CPT) (One paper \u2013 Four hours \u2013 200 Marks) Level of Knowledge: Basic knowledge SESSION \u2013 I (Two Sections\u2013 Two hours \u2013 100 Marks) Section A: Fundamentals of Accounting ( 60 Marks ) Objective: To develop conceptual understanding of the fundamentals of financial accounting system. Contents 1. … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[4731],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/21603"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=21603"}],"version-history":[{"count":3,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/21603\/revisions"}],"predecessor-version":[{"id":138130,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/21603\/revisions\/138130"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=21603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=21603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=21603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n(i) Meaning and Scope of accounting
\n(ii) Accounting Concepts, Principles and Conventions
\n(iii) Accounting Standards \u2013 concepts, objectives, benefits
\n(iv) Accounting Policies
\n(v) Accounting as a measurement discipline \u2013 valuation principles, accounting estimates<\/p>\n
\nBooks 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.<\/p>\n
\n(b) Joint Ventures
\n(c) Bills of exchange and promissory notes
\n(d) Sale of goods on approval or return basis.<\/p>\n
\n8. Partnership Accounts
\nFinal accounts of partnership firms \u2013 Basic concepts of admission, retirement and death of a partner including treatment of goodwill.
\n9. Introduction to Company Accounts
\nIssue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.<\/p>\n
\nSection C: General Economics ( 50 Marks )<\/strong><\/p>\n
\nTo ensure basic understanding of economic systems, economic behavior of individuals and organizations.<\/p>\n
\n(I) Micro Economics
\n1. Introduction to Micro Economics
\n(a) Definition, scope and nature of Economics
\n(b) Methods of economic study
\n(c) Central problems of an economy and Production possibilities curve.
\n2. Theory of Demand and Supply
\n(a) Meaning and determinants of demand, Law of demand and Elasticity of demand \u2500 Price, income and
\ncross elasticity
\n(b) Theory of consumer \u2019s behavior \u2013 Marshallian approach and Indifference curve approach
\n(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.
\n3. Theory of Production and Cost
\n(a) Meaning and Factors of production
\n(b) Laws of Production \u2013 The Law of variable proportions and Laws of returns to scale
\n(c) Concepts of Costs \u2500 Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.
\n4. Price Determination in Different Markets
\n(a) Various forms of markets \u2013 Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
\n(b) Price determination in these markets.
\n4
\n(II) Indian Economic Development
\n5. Indian Economy \u2013 A Profile
\n(a) Nature of the Indian Economy
\n(b) Role of different sectors \u2013 Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
\n(c) National Income of India \u2013 Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans.
\n(d) Basic understanding of tax system of India \u2013 Direct and Indirect Taxation
\n6. Select Aspects of Indian Economy
\n(a) Population \u2013 Its size, rate of growth and its implication for growth
\n(b) Poverty \u2013 Absolute and relative poverty and main programs for poverty alleviation
\n(c) Unemployment \u2013 Types, causes and incidence of unemployment
\n(d) Infrastructure \u2500 Energy, Transportation, Communication, Health and Education
\n(e) Inflation
\n(f) Budget and Fiscal deficits
\n(g) Balance of payments
\n(h) External debts.
\n7. Economic Reforms in India
\n(a) Features of economic reforms since 1991
\n(b) Liberalization, Privatization and Disinvestment
\n(c) Globalization.
\n8. Money and Banking
\n(a) Money \u2013 Meaning and functions
\n(b) Commercial Banks \u2013 Role and functions
\n(c) Reserve Bank of India \u2013 Role and functions, Monetary policy.<\/p>\n
\nTo test the grasp of elementary concepts in Mathematics and Statistics and application of the same as
\nuseful quantitative tools.
\nContents
\n1. Ratio and proportion, Indices, Logarithms
\n2. Equations
\nLinear \u2013 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.
\n3. Inequalities
\nGraphs of inequalities in two variables \u2500 common region.
\n4. Simple and Compound Interest including annuity \u2500 Applications
\n5. Basic concepts of Permutations and Combinations
\n6. Sequence and Series \u2013 Arithmetic and geometric progressions
\n7. Sets, Functions and Relations
\n8. Limits and Continuity \u2500 Intuitive Approach
\n5
\n9. Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)
\n10. Statistical description of data
\n(a) Textual, Tabular & Diagrammatic representation of data.
\n(b) Frequency Distribution.
\n(c) Graphical representation of frequency distribution \u2013 Histogram, Frequency Polygon, Ogive
\n11. Measures of Central Tendency and Dispersion
\nArithmetic Mean, Median \u2013 Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation
\n12. Correlation and Regression
\n13. Probability and Expected Value by Mathematical Expectation
\n14. Theoretical Distributions
\nBinomial, Poisson and Normal.
\n15. Sampling Theory
\nBasic 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 .
\n16. Index Numbers<\/p>\nICAI Syllabus CPT<\/h1>\n","protected":false},"excerpt":{"rendered":"