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 | ||||||||||
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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 | ||||||||||
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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, re-issue 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 |
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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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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II. | Indian Economic Development | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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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. | ||||||
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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 | ||||||
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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 |