Tips to Help You Ace Your CPT Exam
The Institute of Chartered Accountants of India (ICAI) conducts examinations testing a CA aspirant’s theoretical and practical knowledge of CA subjects. The CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations in India.
CPT consists of four subjects:
Let’s look at some tips to ace the subjects of your CPT paper.
Tips for Fundamentals of Accounting
1. Read each MCQ twice before marking your answer.
2. Try attempting lengthy questions in the end.
3. Revise journal entries every day.
4. Practise using the calculator.
5. Cross-check calculations twice before finalising your answer.
6. Pay attention to even the smallest chapters.
7. Practise solving problems on paper.
Tips for Mercantile Law
1. Read and understand the theory part well.
2. Practise solving case studies as lengthy MCQs are case study-based questions.
3. Carefully try to eliminate the wrong options first to arrive at the correct option.
4. DO NOT learn MCQs by rote. Try answering them by understanding the question.
5. None of the Acts can be left unprepared as every Act carries its own weightage.
1. Practise the concepts well.
2. Stick to the concepts and questions provided in the module.
3. Revise the formulae repeatedly as their application is required in most questions.
4. Non-maths students need not worry. Work on the topics that you understand well and concentrate more on Statistics.
5. All topics are important but pay special attention to Probability, Calculus, Permutation and Combination and Mathematics of Finance.
1. Familiarise yourself with the latest data relevant to your subject.
2. Study only from the module or scanner available with ICAI.
3. Economics is a content-heavy subject; the key to crack CA-CPT Economics is to read the book thoroughly.
4. Be aware of some great economists and their contributions.
5. Make notes for all important points you come across and read them on a daily basis.
General Tips to Crack CPT
1. Study all the subjects as a minimum 30% score in each of the four subjects is compulsory.
2. Be well versed in Accounting Theory as you can score well in this subject.
3. Supplement the theory with practice of solved examples.
4. DO NOT leave out any topic under Mercantile Laws; it is the next best scoring subject after Accounts.
5. Be thorough with Class 8, 9 and 10 Mathematics as it is the basis for the Quantitative Aptitude Paper.
6. Pay special attention to topics such as Differentiation and Integration, Correlation and Regression and Theoretical Distribution.
7. Since there is negative marking, attempt all the questions ONLY if you are confident about your answers.
8. Attempt a minimum of 170 questions for a qualifying score.