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CPT: Common Proficiency Test

The full form of CPT is Common Proficiency Test. It is also known as CA-CPT. The Common Proficiency Test (CPT) is an objective test with negative marks. It is an entry-level exam taken by the Institute of Chartered Accountants of India (ICAI) for admission to the Charted Accountancy course. It is a test of four subjects, namely accounting, mercantile law, general economics, and quantitative aptitude. This test is 200 marks. It is divided into two sessions of two hours each.

A person may register for CPT after completing Grade 10 (10th class) and take the test after completing Grade 12 (PUC) or equivalent from a recognized board. The registration form fee is 600 INR, which can be downloaded from the official website www.icai.org. CPT exams are conducted twice a year, generally in June and December. As of August 3, 2012, CPT is exempt for the graduates, postgraduates, and students with equivalent degrees. Graduates in commerce with 55% and others with 60% can receive direct admission to the IPCC.

Other full forms of CPT