Fundamentals Of Accounting For Ca Common Proficiency Test (CPT) PDF

I have done my 12th with Commerce stream and planning to give the C A Common Proficiency Test (CPT). Can you provide me Fundamentals Of Accounting For Ca Common Proficiency Test (CPT) syllabus and also tell what the pattern of exam so that I can prepare well for exam?

[shikha]

Common proficiency test is an entry level test for Chartered Accountancy Course and this test consists of four subjects i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.

Exam pattern for CPT:

Session I
Section A Fundamentals of Accounting 60 Marks
Section B Mercantile Law 40 Marks

Session II
Section C General Economics 50 Marks
Section D Quantitative Aptitude 50 Marks

Syllabus:

CPT Fundamentals of Accounting Syllabus

Section A: Fundamentals of Accounting ( 60 Marks )

1. Theoretical Framework

(i) Meaning and Scope of accounting
(ii) Accounting Concepts, Principles and Conventions
(iii) Accounting Standards – concepts, objectives, benefits
(iv) Accounting Policies
(v) 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 thereof.

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

(a) Consignments
(b) Joint Ventures
(c) Bills of exchange and promissory notes
(d) 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 goodwill

9. Introduction to Company Accounts

Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.