CPT Full Form

CPT full form is the Common Proficiency Test. It is an entry-level examination conducted to select candidates in the Chartered Accountancy (CA) course by the Institute of Chartered Accountants of India. It is recognized as CA-CPT. This exam is renamed as CA Foundation. The examination is mandatory to become a member of the Institute of Chartered Accountants of India (ICAI).

What is the Full Form of CPT?

As mentioned above the full form of CPT is Common Proficiency Test which is an entry-level examination for candidates interested in pursuing their career as Chartered Accountancy (CA) in India. The student who cleared the 10th board examination can enroll for the CA examination which is the lowest eligibility for appearing in the exam. The CPT examination is conducted to enroll candidates in the CA course. After qualifying for the examination, the candidate will become an ICAI member.

Overview of CA Foundation

What are the Eligibility Requirements for CPT?

Below mentioned are the eligibility criteria for appearing in the CPT exams

• Candidate who have qualified class 10th can enroll for CA exam
• Candidate passed class 12th can appear in Common Proficiency Test (CPT full form)
•  Graduation students can also appear in the CPT examination­

Why was CPT Renamed to CA Foundation?

CPT, full form of which is Common Proficiency Test, was renamed CA Foundation in the year 2019 the reason behind this was earlier entrance exam used to follow the old syllabus thus to implement the new syllabus and pattern Institute of Chartered Accountants of India ICAI replaced CPT with CA Foundation which is based according to the latest trends in financial

CA Foundation Application Fee charges

For appearing in the examination, the candidate has to pay the application fee charges. Below are the charges for the CPT application form. The fee is non-refundable.

How to Fill CA Foundation Application Form for CPT?

By following mentioned steps candidate can fill out the application form for CPT

1.  Visit the official website of ICAI

2.  Click on new user

3. Register yourself by entering details like name, email address, phone number

4.  Login by using the ID and Password provided

5.  Fill out the form carefully

6.  Upload all the documents required

7.  Review your application carefully

8.  Pay the fee amount

9.  Save or download your application form

Documents Required for Applying to CPT

Following is the list of documents which are required to fill out the CPT application form

1. DOB proof

2. Class 10th Marksheet and certificate

3. Citizenship Proof (for foreign students)

4. Residency Proof such as an Aadhar card or DL

5. Caste proof (for SC, ST, OBC and specially-abled candidates)

Overview on CPT Exam Pattern and Syllabus

CPT exam, full form of which is Common Proficiency Test, is challenging yet opportunistic therefore to enhance your chances of selection, it is crucial to gain a deeper insight into exam pattern and syllabus.

• The CPT exam consists of four papers that include accounting, cost management, taxation and corporate laws.
• Each of the four paper carries 100 questions   
• The language of questions is English and Hindi
• Questions for accounting and business law will be based on subjective
• Questions for Business mathematics and economics will be objective, having a negative marking of 1/4 for each incorrect answer.

 Below mentioned are the subjects of the CA Foundation Paper

1. Principles and practice of accounting

2. Business Laws & Correspondence and Reporting

3. Business Mathematics & logical reasoning & statistics

4. Business & Business economics and commercial knowledge

How to Prepare for CPT?

Below are some tips on how candidates can score well in the Common Proficiency Test (CPT full form)examination

• Prepare a study plan: It helps in time management and avoids confusion while reading topics
• Make your own notes: Making short notes are very useful at time of final revision
• Revise topics regularly: Revising important topics help during the exam as reading multiple times makes the topic easy to remember
• Practice Math questions: Mathematics questions takes time to solve practicing regularly helps in quick solving and saves time for other sections while writing exam paper
• Solve the previous year’s question paper: Gives idea of time required to solve paper and about questioned asked
• Should focus mainly on the reasoning and Statistics part: These types of questions requires time to think and answer so by practicing them on regular basis improves your thinking ability