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How to Pass CA CPT in the First Attempt with Just 30 Days Preparation

By Admin |
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After going through the CA CPT Previous Exams Question Papers and CA CPT Mock Test Papers for December 2017 and May 2018, the CA CPT preparation tips which we discuss here will prove to be advantageous to students attempting CPT this December.

Clearing the Common Proficiency Test (CPT) is the first stage of the Chartered Accountancy course. ICAI conducts CA CPT twice a year in June and in December. The basic aim of the test is to check your aptitude for the CA course. Many candidates appear for CA CPT, but actually, a lot of them do not clear it the first time. The most important thing to keep in mind during your preparation for CA CPT is dedication and precision.

Have you also googled how to pass CPT in 10 days or 20 days? This is such a big question for all CA aspirants. However, you will not pass CA CPT with a preparation duration of 10 or 20 days. You need to prepare for at least 30 days; yes, you would need a month to prepare for CPT. Although students have an opinion that CPT is hard to crack, actually it is a cakewalk. With the right attitude and dedicated hard work, anyone with average intelligence can crack this exam.

There are four subjects in CA CPT – Accounts, Mercantile Law, General Economics and Quantitative Aptitude. To pass CPT, you should get at least 30 percent on every subject in which you appear. Overall, you should get 100 out of 200 marks. There are two sessions in the exam. Accounts and Mercantile Law will be conducted in the morning session and General Economics and Quantitative Aptitude in the afternoon session.

To pass CA CPT in the last 30 days/one month, you would need to study for at least 10 hours per day. You would also need a timetable. Here we provide a timetable to help you schedule your day. If you follow this timetable, you can easily spend 10 hours per day for your preparation.

Timetable: 10 Hours Study Plan 

Time Daily Schedule
6:00 AM Wake up
6 AM to 7 AM Warm up/Exercise
7 AM to 9 AM Watching concept videos and making notes
9 AM to 9:30 AM Breakfast
9:30 AM to 11:30 AM Self-study
11:30 AM to 12:00 PM Break
12:00 PM to 3:00 PM Break – Lunch and rest
3:00 PM to 5:00 PM Watching concept videos and making notes
5:00 PM to 5:30 PM Tea break
5:30 PM to 7:30 PM Self-study
7:30 PM to 8:00 PM Relax
8:00 PM to 9:30 PM Self-study
9:30 PM to 11:00 PM Dinner and watching TV
11:00 PM Bedtime

 

Now, let’s check how to prepare for each subject.

How to Prepare for CA CPT Accounts

Accounts is a subject with the highest weightage of marks in CPT. You need to prepare for this subject very well. If for any reason, you do not write this subject well, then you will not be motivated enough to write the remaining subjects well. If you are from a Commerce background, then you can easily get 50 to 55 marks out of 60 marks in this subject.

Weightage of problems and theory-based questions in accounts.

Preparation:

In these last few days, you need not focus on problems. You can directly start your preparation from MCQs in problems and MCQs in theory.

In the theory part, there is no need to read questions and answers given in the main material. Simply read the fast track notes given for theory in the Fast Track material. Then you can prepare for MCQs on theory given in the main material.

For Accounts, most students just refer to the Material and Notes as if Accounts is a theory subject. If you revise in that way, you will definitely feel that you can answer all the questions. But this is not the way to revise this subject. You must solve the MCQs on your own. You now have time to solve only the important ones. It is impossible to solve all the MCQs at this moment.

The most important area of Accounts is Journal Entries. If you are thorough with Journal Entries, then you can understand all the chapters very easily. In every chapter, you will learn some new entries. So, concentrate more on entries in each for your convenience. We have provided all of them in our Fast Track material. For practice, we have also provided some additional entries in the main material itself (at the end of the 1st chapter). Also practise those entries. As and when you find some free time, try to memorise the entries given in the Fast Track material.

Give a lot of importance to the chapters of Company Accounts, Capital & Revenue Expenditure as and when they are updated.

Chapters which require more concentration: Final Accounts, Partnership Accounts, Company Accounts & Accounting: An Introduction

Weightage Problems Theory
Weightage 60% 40%

 

CPT Accounts chapter-wise weightage

No Chapter Expected Marks
1 Journals 3 to 5
2 Ledger 0 to 2
3 Subsidiary Books 0 to 1
4 Cash Book 0 to 2
5 BRS 2 to 4
6 Trial Balance 0 to 1
7 Final Accounts - 1 6 to 10
8 Final Accounts - 2 6 to 10
9 Bills of Exchange 3 to 5
10 Consignment Accounts 2 to 6
11 Joint Venture 0 to 2
12 Inventory Valuation 1 to 3
13 Goods Sent on Sale or Return Basis 4 Years
14 Capital & Revenue Expenditure 1 to 3
15 Contingent Assets & Liabilities 1 to 2
16 Depreciation 3 to 6
17 Rectification of Errors 2 to 3
18 Partnership Accounts 6 to 10
19 Company Accounts - 1 8 to 11
20 Company Accounts - 2 1 to 4
21 Accounting: An Introduction 4 to 7

 

How to Prepare for CA CPT Mercantile Law

In CPT Mercantile Law, conceptual clarity is more important. So reading and understanding theory content is more important than practicing MCQs. As this is a new subject for all students, try to pay more attention to it. For students of any background, this is the most scoring subject of all. Chances of getting difficult questions in this subject are very less. At the maximum, you may get MCQs based on practical questions which will be time-consuming to read.

On the basis of past examination trends, nearly 35 out of 40 MCQs will be very easy and direct questions. Don’t go into an in-depth analysis of MCQs on this subject. If you do so, you may get confused. The examiner is not expecting expert knowledge from you in this subject. Even while answering MCQs if you think deeply or think in multiple ways, then the chances of picking up wrong answers will be high. Don’t think deeply while answering the MCQs.

Controversies are quite common in this subject. If you refer to many textbooks, you will get confused because of differences in opinions among authors. So, it is always preferable to stick to ICAI material alone and to accept the answers suggested by the faculty. Don’t refer to multiple textbooks on this subject. The chances of getting confused and picking up the wrong option are high for this subject. So, think twice before coming to a conclusion. If Accounts is easy, then the chances of getting difficult or lengthy questions in Mercantile Law will be more. In such a case, be more careful while answering MCQs in this subject.

Preparation:

No need to read questions and answers given in the main material. Simply read Fast Track Notes given for theory in the Fast Track material. Then you can prepare MCQs based on that knowledge.

Don’t prepare this subject like any other theory subject. Just mugging the MCQs or theory content will not serve the purpose. Analytical thinking is very important in this subject.

Give a lot of importance to all the areas which were updated recently, especially the Indian Partnership Act. The Partnership Act was amended due to changes in Company Law. We have also provided supplementary material for this subject.

Case Laws and Examples will help you to get enough command over the subject. But it is not necessary to memorise all the section numbers, case studies, author names and definitions. If you can remember them, then it is good. However, it is advisable to remember only the basic section numbers, case studies, author names, and definitions.

Chapters which require more concentration: 10 & 11. Nearly 20 to 25 marks may come from these two chapters alone.

CA CPT Mercantile Law chapter-wise weightage

No Chapter Expected Marks
1 Meaning and Nature of Contract 3 to 5
2 Offer & Acceptance 1 to 3
3 Legal Object & Consideration 2 to 4
4 Capacity to Contract 1 to 3
5 Free Consent 3 to 5
6 Void Agreements, Quasi Contracts and Contingent Contracts 2 to 4
7 Performance of Contract 0 to 3
8 Discharge of Contract 0 to 2
9 Remedies for Breach of Contract 1 to 3
10 Indian Partnership Act, 1932 8 to 12
11 Sale of Goods Act, 1930 6 to 12

Suggested Articles:

How to Prepare for CA CPT Economics

This is a scoring subject for students of the Commerce background. If students from the Maths background pay some attention to this subject, then they can also score good marks in this subject. You must finish answering MCQs of this subject very quickly so that you can find time to answer the lengthy MCQs in Quantitative Aptitude. We need to focus on all the chapters. You will not find any one chapter having a huge weightage of marks in the exam. Even from the most important chapter, we will get only 1 to 2 marks.

For most questions, we need not do any calculations. However, because the options look similar, we could get confused as a result. Have complete command on Facts and Figures in Macroeconomics, and you can easily get rid of your confusion. On the other hand, read all the options carefully and use common sense for identifying the right answer.

First identify whether the MCQ is from Microeconomics or Macroeconomics. 

  • If the MCQ is from Microeconomics, then remind theory to answer.
  • If the MCQ is from Macroeconomics, then remind Facts and Figures or common sense to answer the same based on Indian Economy.

On the basis of previous examination trends, you may get about 25 MCQs from Microeconomics. Of these, nearly 20 MCQs will be very easy and direct questions.

Weightage of Facts and Figures based questions in Economics

Weightage June December
Weightage 49% 45%

In the recent attempts, questions based on Facts and Figures have decreased a lot which is advantageous to all students. We cannot assure the same in the future. So, don’t neglect these questions (June 2016 attempt – just 4 questions, December 2016 attempt – just 3 questions based on Facts and Figures).

Macroeconomics Preparation:

Solve only the important MCQs as it is impossible to solve all the MCQs at this moment.

Chapters which require more concentration: 5, 6, 9, 10, 11, 13, 14 & 15

You can expect about 17 questions from these chapters.

Microeconomics Preparation:

It is sufficient to prepare using the study material under the heading ‘Theory for Classroom Discussion’. Given the less time, you may choose to skip the content given under the heading ‘Theory for Self Study’.

In every chapter, Facts and Figures are very important. Pay special attention to that area. Spend at least 30 minutes every day to memorise the numerical data given in the Fast Track Notes, irrespective of the syllabus for each examination.

Of 50 questions, nearly 48 questions can be handled by all students as they will come from our material itself. However, the remaining 2 questions can be either very tough or from Current Affairs or even out of the syllabus. Those 2 questions can also be both rank-defining and rank-deciding questions for students attempting CPT. For answering those 2 questions, you have to be thorough with all aspects of Macroeconomics, i.e. Facts and Figures + Current Affairs + Latest Economics Survey Report.

Concentrate more on the 2011 census, most recent data of 2014, 2015, 2016 etc.

Chapters which require more concentration:

  • Microeconomics: Chapters 7 & 9
  • Macroeconomics: Chapters 6 & 7 (especially Monetary Policy)

You may get about 23 to 25 marks from these four chapters alone.

CA CPT Microeconomics chapter-wise weightage


No Chapter Expected Marks
1 Analysis of Demand 0 to 2
2 Elasticity of Demand 2 to 3
3 Supply & Elasticity of Supply 1 to 3
4 Theory of Consumer Behaviour 0 to 4
5 Production 0 to 1
6 Production Analysis 1 to 3
7 Cost Analysis 4 to 7
8 Markets 0 to 1
9 Price and Output Determination Under Different Markets 4 to 5
10 Nature & Scope of Economics 8 to 12

CA CPT Macroeconomics chapter-wise weightage


No Chapter Expected Marks
1 Nature of Indian Economy 0 to 2
2 Population 1 to 3
3 Unemployment & Poverty 1 to 3
4 Infrastructural Challenges 1 to 3
5 Role of Different Sectors in Indian Economy 2 to 5
6 Commercial Banks & RBI 2 to 5
7 Money & Inflation 2 to 4
8 Basic Understanding of Tax System in India 1 to 2
9 Budget & Fiscal Deficit 0 to 1
10 Balance of Payments and External Debt 1 to 2
11 Liberalization,Privatization,Disinvestment and Globalization 3 to 4
12 Economic Reforms in India 2 to 3
13 National Income in India 2 to 3

How to Prepare for CA CPT Quantitative Aptitude

For students from the Maths background, Quantitative Aptitude is a very scoring subject. Unfortunately, in most cases, students do not score well in this subject because of overconfidence and lack of practice. Some Commerce-background students simply leave out this subject. This is not a good strategy. Instead of ignoring the entire chapter or subject, students are advised to focus on some important models in each chapter and ignore the unimportant models.

As there are subject-wise cutoff marks, Commerce-background students should in fact focus on this subject to qualify for the CPT exam. We need to focus on all the chapters. Just like in General Economics, you will not find any one chapter having a huge weightage of marks in the exam. We can get only 1 to 2 marks even from the most important chapter. Most questions from this subject are very lengthy. Don’t depend much on shortcuts. Simply remember that if Economics is easy, then you have more time to attempt the difficult MCQs in Quantitative Aptitude.

Several students refer to the Material and Notes as if it is a theory subject. If you revise in that way, you will definitely feel that you can answer all the questions. This however is not the way to revise this subject. You must solve the MCQs on your own in a separate notebook. Solve only the important ones if it is impossible to solve all the MCQs at this moment.

Chapters which require more concentration: 5, 6, 9, 10, 11, 13, 14 & 15

You can expect about 17 questions from these chapters.

Also pay attention to the theory part of the Mathematics of Finance chapter.

CA CPT Maths chapter-wise weightage


No Chapter Expected Marks
1 Logarithms 1 to 2
2 Theory of Indices and Surds 0 to 1
3 Sets 1 to 2
4 Relations and Functions 1 to 2
5 AP 2 to 4
6 GP 1 to 2
7 Co-ordinate Geometry 1 to 2
8 Linear Inequations 1
9 Equations 2 to 3
10 Limits 1 to 2
11 Derivatives 1 to 3
12 Integration 2 to 4
13 Permutations and Combinations 2 to 3
14 Ratios and Proportions 1 to 2
15 Mathematics of Finance 2 to 3

CA CPT Statistics chapter-wise weightage


No Chapter Expected Marks
1 Measures of Central Tendency 2 to 3
2 Measures of Dispersion 1 to 3
3 Correlation 1 to 2
4 Regression 2 to 4
5 Index Numbers 2 to 3
6 Statistical Description of Data 3 to 4
7 Probability 4 to 5
8 Random Variables -
9 Theoretical Distributions 3 to 4
10 Sampling 2 to 3

Points to Remember:

Revision is an important part for achieving success in any exam. You remember only 20% of what you read after 24 hours, so multiple quick revisions are necessary. See the timetable for the frequency of revisions required.

Practice is the most important part of your preparation and should be given 100% focus. After you have completed your first revision, it is time to take a mock test. Mock tests can help a lot in preparing you for exam day and also highlight your weak areas.

You should be completely relaxed and rested on the exam day. Now, when it comes to behaviour in the exam hall, please do not get nervous and do things which might get you in trouble, like checking the answers with others after completion of the morning session, trying to copy etc. Do not do those things because it will cost you your future. Another important thing is to please take all the required stationery.

We hope this article will help you to pass CA CPT in the first attempt with a 30-day preparation. If you still have any doubts, feel free to reach us at contactus@caprep18.com or on our toll-free number 1800-212-8575. Also, share our article How to Prepare for CA CPT in One Month with your friends.

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