Fundamentals of Accounting
CA_CPT :: Common Proficiency Test
[One paper: Four Sections  200 marks]
SESSION – I : (Two Sections – Two hours – 100 Marks)
Section A : Fundamentals of Accounting (60 Marks)
Level of Knowledge :
Basic knowledge.Objective . . .
 To develop conceptual understanding of the fundamentals of financial accounting system.
Contents ...
1.  Theroretical Framework  

 
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  
 
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. 
Recommended Books
Mercantile Law
CA_CPT :: Common Proficiency Test
[One paper: Four Sections  200 marks]
SESSION – I : (Two Sections – Two hours – 100 Marks)
Section B : Mercantile Law (40 Marks)
Level of Knowledge :
Basic knowledge.Objective . . .
 To test the general comprehension of elements of mercantile law.
Contents ...
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. 
Recommended Books
General Economics
CA_CPT :: Common Proficiency Test
[One paper: Four Sections  200 marks]
SESSION – II : (Two Sections – Two hours – 100 Marks)
Section C : General Economics (50 Marks)
Level of Knowledge :
Basic knowledge.Objective . . .
 To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.
Contents ...
I.  Micro Economics  

 
II.  Indian Economic Development  

Recommended Books
Quantitative Aptitude
CA_CPT :: Common Proficiency Test
[One paper: Four Sections  200 marks]
SESSION – II : (Two Sections – Two hours – 100 Marks)
Section D : Quantitative Aptitude (50 Marks)
Level of Knowledge :
Basic knowledge.Objective . . .
 To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.
Contents ...
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  
 
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  
Biomial, 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 