Sreeram Academy

The CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations. A person can register for CPT after completing Class 10 and take the exam after completing High School (class12). It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz. 1.Fundamentals of Accounting (60 Marks)+ Mercantile Laws(40 Marks) and 2.Economics(50 Marks)+ Quantitative Aptitude(50 Marks). Every incorrect answer on the CPT exam carries a 0.25 negative mark. A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate in all the four Sections to pass the Common Proficiency Test. CPT exams are held in June and December in paper pencil mode. On-line CPT exams are also conducted periodically. But with effect from 3rd Aug 2012 CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPCC.