Pls click on the following link for the IPCC papers
http://www.caclubindia.com/forum/messages/2009/11/55653_pcc_ipcc_question_paper_nov_09_both_group_download_now.asp
every year in June and December CPT Exam is conducted by ICAI
CA CPT December 2009 EligibilityEligibility requirements to appear in CA CPT December, 2009.(a) A candidate shall be eligible to appear in Common Proficiency Test to be held on 13th December 2009, if he has:(i) Either passed the Senior Secondary Examination (10+2 examination) or its equivalent or must have appeared in the Senior Secondary Examination (10+2 examination) or its equivalent of a recognized Institution, and(ii) Registered for CPT Course with Board of Studies of ICAI on or before 1st October 2009. (b) A candidate who is already registered for Professional Education-I Course with Board of Studies of ICAI and switched over to CPT course on or before 1st October 2009 will also be eligible to appear in December CPT. Requirement for Passing the Common Proficiency Test A candidate shall ordinarily be declared to have passed the Common Proficiency Test if he obtains at one sitting a minimum of 50 percent marks in the aggregate of all the four subjects/sections comprised in CPT (Examination), subject to the principle of negative marking. It is clarified that there is no requirement of securing minimum passing marks in a subject/section of CPT examination. There will be negative marking for each wrong answer. 1/4 (One Fourth) mark will be deducted for each wrong answer. Please note that multiple darkened circles for a question will also be treated as wrong answer. Any fraction of mark in aggregate will be rounded off to the next full mark. It is clarified that there is no provision for improvement of result CPT examination in the Chartered Accountants Regulations, 1988. Therefore, such students who have once passed the CPT examination are not eligible to apply/appear afresh/again in the CPT examination.
Eligibility requirements to appear in CA CPT December, 2009.
(a) A candidate shall be eligible to appear in Common Proficiency Test to be held on 13th December 2009, if he has:
(i) Either passed the Senior Secondary Examination (10+2 examination) or its equivalent or must have appeared in the Senior Secondary Examination (10+2 examination) or its equivalent of a recognized Institution, and
(ii) Registered for CPT Course with Board of Studies of ICAI on or before 1st October 2009.
(b) A candidate who is already registered for Professional Education-I Course with Board of Studies of ICAI and switched over to CPT course on or before 1st October 2009 will also be eligible to appear in December CPT.
Requirement for Passing the Common Proficiency Test
A candidate shall ordinarily be declared to have passed the Common Proficiency Test if he obtains at one sitting a minimum of 50 percent marks in the aggregate of all the four subjects/sections comprised in CPT (Examination), subject to the principle of negative marking.
It is clarified that there is no requirement of securing minimum passing marks in a subject/section of CPT examination.
There will be negative marking for each wrong answer. 1/4 (One Fourth) mark will be deducted for each wrong answer. Please note that multiple darkened circles for a question will also be treated as wrong answer.
Any fraction of mark in aggregate will be rounded off to the next full mark. It is clarified that there is no provision for improvement of result CPT examination in the Chartered Accountants Regulations, 1988.
Therefore, such students who have once passed the CPT examination are not eligible to apply/appear afresh/again in the CPT examination.
Common Proficiency Test 2009 - CA CPT 2009
Common Proficiency Test CPT Exam for the year December 2009, conducted in two modes:
I. Common Proficiency Test (Paper-Pencil Mode):
1. The Common Proficiency Test (CPT) Paper-Pencil mode Examination will be held on Sunday, the 13th December, 2009 in accordance with the revised scheme of education, training and examination of the Chartered Accountancy Course.
First Session (i.e. Morning Session)
10.30 AM to 12.30 PM (IST)Section - A Fundamentals of AccountingSection - B Mercantile Laws
Second Session (i.e. Afternoon Session)
2.00 PM to 4.00 PM (IST)Section - C General EconomicsSection - D Quantitative Aptitude
II. Common Proficiency Test (Online CPT):
Apart from the above, it is also hereby notified that the Council of the Institute has decided to hold the Common Proficiency Test (CPT) Online for the candidates who would be willing to take the Test Online.
The Online CPT will be conducted on 22nd and 23rd August, 2009 at Ahmedabad, Bangalore, Chennai, Delhi/New Delhi, Kanpur, Kolkata, Mumbai, Jaipur, Hyderabad, Pune, Chandigarh, Coimbatore, Ernakulam, Guntur, Indore, Lucknow, Surat, Thiruvananthapuram, Udaipur and Visakhapatnam ONLY, on 26th and 27th September, 2009 at Ahmedabad, Bangalore, Chennai, Delhi/New Delhi, Kanpur, Kolkata, Mumbai, Jaipur, Hyderabad, Nagpur, Pimpri-Chinchwad, Jodhpur, Pune, Chandigarh, Coimbatore, Ernakulam, Guntur, Indore, Lucknow, Surat, Thiruvananthapuram, Udaipur and Visakhapatnam Only, on 24th and 25th October, 2009 at Ahmedabad, Bangalore, Chennai, Delhi/New Delhi, Kanpur, Kolkata, Mumbai, Jaipur, Hyderabad, Nagpur, Pimpri-Chinchwad, Jodhpur, Pune, Chandigarh, Coimbatore, Ernakulam, Guntur, Indore, Lucknow, Surat, Thiruvananthapuram, Udaipur and Visakhapatnam Only and on 21st and 22nd November, 2009 at Ahmedabad, Bangalore, Chennai, Delhi/New Delhi, Kanpur, Kolkata, Mumbai, Jaipur, Hyderabad, Nagpur, Pimpri-Chinchwad, Jodhpur, Pune, Chandigarh, Coimbatore, Ernakulam, Guntur, Indore, Lucknow, Surat, Thiruvananthapuram, Udaipur and Visakhapatnam Only.
Candidates intending to appear in Online CPT from the above cities will be required to fill up examination form Online at icaiexam.icai.org and option once exercised shall be treated as final and no change to Paper-Pencil mode Test will be allowed at a later stage under any circumstances.
The medium of test for Online CPT would be ENGLISH only. The candidates intending to take the CPT Online Test shall be required to fill in the Online examination application form with requisite fees and the facility for Online filling up of examination form would be made available as indicated below:-
CA CPT 2009 Date of Examination
22nd and 23rd August, 2009
26th and 27th September, 2009
24th and 25th October, 2009
21st and 22nd November, 2009
Eligibility (registered in CPT Course or before)
1st June, 2009
1st July, 2009
1st August, 2009
1st Septeber, 2009
Commencement of online Registration
22nd July, 2009 (From 10:00 hrs)
24th August, 2009 (From 10:00 hrs)
26th September, 2009 (From 10:00 hrs)
26th October, 2009 (From 10:00hrs)
Last Date
5th August, 2009* (upto 17:30 hrs)
7th September, 2009* (upto 17:30 hrs)
8th October, 2009* (upto 17:30 hrs)
9th November, 2009 (upto 17:30 hrs)
* Or till the seats are full.
A candidate can appear in Common Proficiency Test two times in a period of six months i.e. once in Online test either in August, September, October or November, 2009 and once in Paper Pencil mode CPT in December, 2009.
The decision of the Institute to admit a candidate to either Online Test in August/September/October/November 2009 or Paper-Pencil Mode Test in December-2009 is final and no correspondence for change of Test / Centre etc. will be entertained under any circumstances.
The medium of Test for Online CPT would be ENGLISH only.
Chartered Accountant Common Proficiency Test - CA CPT December 2009
A budget deficit occurs when an entity spends more money than it takes in.[1] The opposite of a budget deficit is a budget surplus. Debt is essentially an accumulated flow of deficits. In other words, a deficit is a flow, and debt is a stock.An accumulated governmental deficit over several years (or decades) is referred to as the government debt. Government debt is usually financed by borrowing, although if a government's debt is denominated in its own currency it can print new currency to pay debts. Monetizing debts, however, can cause rapid inflation if done on a large scale. Governments can also sell assets to pay off debt. Most governments finance their debts by issuing long-term government bonds or shorter term notes and bills. Many governments use auctions to sell government bonds.Governments usually must pay interest on what they have borrowed. Governments reduce debt when their revenues exceed their current expenditures and interest costs. Otherwise, government debt increases, requiring the issue of new government bonds or other means of financing debt, such as asset sales.According to Keynesian economic theories, running a fiscal deficitand increasing government debt can stimulate economic activity when a country's output (GDP) is below its potential output. When an economy is running near or at its potential level of output, fiscal deficits can cause inflation.
A budget deficit occurs when an entity spends more money than it takes in.[1] The opposite of a budget deficit is a budget surplus. Debt is essentially an accumulated flow of deficits. In other words, a deficit is a flow, and debt is a stock.
An accumulated governmental deficit over several years (or decades) is referred to as the government debt. Government debt is usually financed by borrowing, although if a government's debt is denominated in its own currency it can print new currency to pay debts. Monetizing debts, however, can cause rapid inflation if done on a large scale. Governments can also sell assets to pay off debt. Most governments finance their debts by issuing long-term government bonds or shorter term notes and bills. Many governments use auctions to sell government bonds.
Governments usually must pay interest on what they have borrowed. Governments reduce debt when their revenues exceed their current expenditures and interest costs. Otherwise, government debt increases, requiring the issue of new government bonds or other means of financing debt, such as asset sales.
According to Keynesian economic theories, running a fiscal deficitand increasing government debt can stimulate economic activity when a country's output (GDP) is below its potential output. When an economy is running near or at its potential level of output, fiscal deficits can cause inflation.
Yes,
A 10th Class pass Student can enroll for CPT but he will be allowed to appear for the CPT Exam only after 12th.
CA CPT Syllabus 2009Level of Knowledge: Basic knowledgeSESSION - ISection A: Fundamentals of Accounting ( 60 Marks )Objective:To develop conceptual understanding of the fundamentals of financial accounting system. Contents 1. Theoretical Framework Meaning and Scope of accounting Accounting Concepts, Principles and Conventions Accounting Standards - concepts, objectives, benefits Accounting Policies Accounting as a measurement discipline - valuation principles, accounting estimates 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 there of. 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 Consignments Joint Ventures Bills of exchange and promissory notes Sale of goods on approval or return basis. 8. Partnership Accounts Final accounts of partnership firms - Basic concepts of admission, retirement and death of a partner including treatment of good will. 9. Introduction to Company Accounts Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares. Section B: Mercantile Law ( 40 Marks ) Objective: To test the general comprehension of elements of mercantile law Contents 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. 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. The India Partnership Act, 1932: General Nature of Partnership - Rights and duties of partners-Registration and dissolution of a firm. SESSION- II (Two Sections- Two hours - 100 Marks) Section C: General Economics ( 50 Marks ) Objective: To ensure basic understanding of economic systems, economic behaviour of individuals and organizations. Contents (I) Micro Economics 1. Introduction to Micro Economics Definition, scope and nature of Economics Methods of economic study Central problems of an economy and Production possibilities curve. 2. Theory of Demand and Supply Meaning and determinants of demand, Law of demand and Elasticity of demand - Price, income and cross elasticity Theory of consumer's behaviour - Marshallian approach and Indifference curve approach Meaning and determinants of supply, Law of supply and Elasticity of supply. 3. Theory of Production and Cost Meaning and Factors of production Laws of Production - The Law of variable proportions and Laws of returns to scale Concepts of Costs - Short-run and long-run costs, Average and marginal costs, Total,fixed and variable costs. 4. Price Determination in Different Markets Various forms of markets - Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly Price determination in these markets. (II) Indian Economic Development 5. Indian Economy - A Profile Nature of the Indian Economy Role of different sectors - Agriculture, Industry and Services in the development of the Indian economy, their problems and growth National Income of India - Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans. Basic understanding of tax system of India - Direct and Indirect Taxation 6. Select Aspects of Indian Economy Population - Its size, rate of growth and its implication for growth Poverty - Absolute and relative poverty and main programs for poverty alleviation Unemployment - Types, causes and incidence of unemployment Infrastructure - Energy, Transportation, Communication, Health and Education Inflation Budget and Fiscal deficits Balance of payments External debts. 7. Economic Reforms in India Features of economic reforms since 1991 Liberalisation, Privatisation and Disinvestment Globalisation. 8. Money and Banking Money - Meaning and functions Commercial Banks - Role and functions Reserve Bank of India - Role and functions, Monetary policy. Section D: Quantitative Aptitude ( 50 Marks ) 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 Textual, Tabular & Diagrammatic representation of data. Frequency Distribution. Graphical representation of frequency distribution - Histogram, Frequency Polygon, Ogive 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
Level of Knowledge: Basic knowledge
SESSION - I
Section A: Fundamentals of Accounting ( 60 Marks )
Objective:
To develop conceptual understanding of the fundamentals of financial accounting system.
Contents
1. Theoretical 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 there of.
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 good will.
9. Introduction to Company Accounts
Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.
Section B: Mercantile Law ( 40 Marks )
To test the general comprehension of elements of mercantile law
SESSION- II
(Two Sections- Two hours - 100 Marks)
Section C: General Economics ( 50 Marks )
To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.
(I) Micro Economics
1. Introduction to Micro Economics
2. Theory of Demand and Supply
3. Theory of Production and Cost
4. Price Determination in Different Markets
(II) Indian Economic Development
5. Indian Economy - A Profile
6. Select Aspects of Indian Economy
7. Economic Reforms in India
8. Money and Banking
Section D: Quantitative Aptitude ( 50 Marks )
To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.
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
U can expect the announcement of result before 15th Jan for the CPT Exam held in Dec 2009
CA CPT scanner books are available in market.
U can ask for books ... Suchita Prakashan is one of the leading publisher..
