Finance & Accounts Entrance Tests
Common Exams:
Common Admission Test (CAT)
The Common Admission Test (CAT) is a Computer-based test conducted by Indian Institutes of Management (IIMs) as a pre-requisite for picking students for its MBA programs. The test is conducted by a different IIM each year, according to a policy of rotation. The CAT is the most popular MBA Entrance Exam in India and is also considered the toughest one to crack. CAT is conducted every year in the months of October and November.
MAT Exam
Management Aptitude Test (MAT) is an entrance test conducted by All India Management Aptitude Testing Service (AIMATS), New Delhi, for admissions into MBA programs of top B schools across India. The exam is conducted four times annually, in February, May, September and December. MAT Results are accepted by various AICTE approved Management Institutes (MI) and also the All India Management Association - Centre for Management Education (AIMA-CME).
Xavier Admission Test (XAT)
Xavier Admission Test (XAT) or the XLRI Admission Test is yet another tough nut to crack when it comes to MBA entrance exams. XAT is a nation-wide test conducted by XLRI (Xavier Labour Relations Institute), for admission to MBA courses at XLRI, XIM, XISS, LIBA, etc. The exam is usually held in the month of January.
NMAT Exam
NMIMS Management Aptitude Test (NMAT) is the official entrance exam for admissions to MBA programs at SVKM's Narsee Monjee Institute Of Management Studies (School Of Business Management). The online test is usually conducted in a time frame of three months, from October to December, allowing candidates to go for two retakes if required. And the best of the three scores is considered.
AIMS Test for Management Admissions (ATMA)
The AIMS is a single-window entrance test conducted by the member management institutes of the AIMS to enroll students to its various MBA and PGDM programs. The exam is conducted in the month of February, and is designed to test the candidate in verbal reasoning, comprehension abilities, and aptitude for analytical and numerical reasoning.
National level Exams:
CA CPT (ICAI Chartered Accountant Common Proficiency Test)
Common Proficiency Test (CPT) is an entry level examination for admission to the Chartered Accountancy Course. Students who have passed their 10th can register for CPT course by filling the prescribed registration form and paying See More
Important Information
Date of Examination:
May/November
Time of Examination:
2 Hours
Examination Fees:
Rs. 6000/-
Eligibility:
Eligibility requirements to appear in CA CPT December
A candidate shall be eligible to appear in Common Proficiency Test CPT December to be held on 18th December, if he has :
Either passed the Senior Secondary Examination ( 10+2 examination ) or its equivalent or must have appeared in the Senior Secondary Examination ( 10+2 examination ) or its equivalent of a recognized Institution, and
Registered for CPT Course with Board of Studies of ICAI on or before 1st April.
A candidate who is already registered for Professional Education – I Course with Board of Studies of ICAI and switched over to CPT course on or before 1st April will also be eligible to appear in December CPT.
Requirement for Passing the Common Proficiency Test
A candidate shall ordinarily be declared to have passed the Common Proficiency Test if he obtains at one sitting a minimum of 50 percent marks in the aggregate of all the four subjects / sections comprised in CPT ( Examination ), subject to the principle of negative marking.
It is clarified that there is no requirement of securing minimum passing marks in a subject /
section of CPT examination.
There will be negative marking for each wrong answer. 1/4 ( One Fourth ) mark will be deducted for each wrong answer. Please note that multiple darkened circles for a question will also be treated as wrong answer.
Any fraction of mark in aggregate will be rounded off to the next full mark. It is clarified that there is no provision for improvement of result CPT examination in the Chartered Accountants Regulations, 1988.
Therefore, such students who have once passed the CPT examination are not eligible to apply / appear afresh / again in the CPT examination.
Brochure and Forms:
The Information Brochure for CA CPT is available on the payment of Rs.600/- to the exam authority’s address. It contains applications for admission to Common Proficiency Test (Paper-Pencil mode).
The candidate selecting centres abroad should pay US $160. Application forms duly filled must be sent back to the Institute’s offices in selected cities like Delhi, Bangalore, Mumbai, Chennai and Pune. Students residing in these cities can exercise this option.
Application form is available online which can be downloaded from the official website of the exam authority. Online payment using credit card is accepted.
Starting date of registration: Throughout the year
Mode of application:
1. Common Proficiency Test application forms duly filled in may be sent so as to reach the
Additional Secretary ( Examinations ),
The Institute of Chartered Accountants of India,
ICAI Bhawan, Indraprastha Marg,
New Delhi – 110 002.
2. Applications duly filled in will be received by hand delivery at the offices of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Hyderabad, Jaipur and Pune. Candidates residing in these cities are advised to take advantage of this facility. It may be noted that there is no provision for acceptance of application forms with late fee.
3. The candidates who fill up the examination application form online at http://icaiexam.icai.org and remit the fee online by using either VISA or MASTER Credit / Debit Card shall not be charged 500/- ( i.e. cost of application form fee ) in order to popularize filling-in of application form online.
Syllabus:
The syllabus for the CA CPTentrance exam has been given in the tabulated format below:
Level of Knowledge : Basic knowledge
SESSION – I
Section A: Fundamentals of Accounting ( 60 Marks )
Objective:
To develop conceptual understanding of the fundamentals of financial accounting system.
Contents
Theoretical Framework
Meaning and Scope of accounting
Accounting Concepts, Principles and Conventions
Accounting Standards – concepts, objectives, benefits
Accounting Policies
Accounting as a measurement discipline – valuation principles, accounting estimates
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.
Bank Reconciliation Statement
Inventories
Basis of inventory valuation and record keeping.
Depreciation accounting
Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
Preparation of Final Accounts for Sole Proprietors
Accounting for Special Transactions
Consignments
Joint Ventures
Bills of exchange and promissory notes
Sale of goods on approval or return basis.
Partnership Accounts
Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of good will.
Introduction to Company Accounts
Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.
Section B: Mercantile Law ( 40 Marks )
Objective:
To test the general comprehension of elements of mercantile law
Contents
The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.
The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties-Transfer of ownership and delivery of goods – Unpaid seller and his rights.
The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners-Registration and dissolution of a firm.
SESSION – II(Two Sections- Two hours – 100 Marks)
Section C: General Economics ( 50 Marks )
Objective:
To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.
Contents
Micro Economics
Introduction to Micro Economics
Definition, scope and nature of Economics
Methods of economic study
Central problems of an economy and Production possibilities curve.
Theory of Demand and Supply
Meaning and determinants of demand, Law of demand and Elasticity of demand – Price, income and cross elasticity
Theory of consumer’s behaviour – Marshallian approach and Indifference curve approach
Meaning and determinants of supply, Law of supply and Elasticity of supply.
Theory of Production and Cost
Meaning and Factors of production
Laws of Production – The Law of variable proportions and Laws of returns to scale
Concepts of Costs – Short-run and long-run costs, Average and marginal costs, Total,fixed and variable costs.
Price Determination in Different Markets
Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
Price determination in these markets.
Indian Economic Development
Indian Economy – A Profile
Nature of the Indian Economy
Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans.
Basic understanding of tax system of India – Direct and Indirect Taxation
Select Aspects of Indian Economy
Population – Its size, rate of growth and its implication for growth
Poverty – Absolute and relative poverty and main programs for poverty alleviation
Unemployment – Types, causes and incidence of unemployment
Infrastructure – Energy, Transportation, Communication, Health and Education
Inflation
Budget and Fiscal deficits
Balance of payments
External debts.
Economic Reforms in India
Features of economic reforms since 1991
Liberalisation, Privatisation and Disinvestment
Globalisation.
Money and Banking
Money – Meaning and functions
Commercial Banks – Role and functions
Reserve Bank of India – Role and functions, Monetary policy.
Section D: Quantitative Aptitude ( 50 Marks )
Objective:
To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.
Contents
Ratio and proportion, Indices, Logarithms
Equations Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.
Inequalities Graphs of inequalities in two variables – common region.
Simple and Compound Interest including annuity – Applications
Basic concepts of Permutations and Combinations
Sequence and Series – Arithmetic and geometric progressions
Sets, Functions and Relations
Limits and Continuity – Intuitive Approach
Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)
Statistical description of data
Textual, Tabular & Diagrammatic representation of data.
Frequency Distribution.
Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive
Measures of Central Tendency and Dispersion Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean,Standard deviation, Quartile deviation
Correlation and Regression
Probability and Expected Value by Mathematical Expectation
Theoretical Distributions – Biomial, Poisson and Normal.
Sampling Theory – Basic Principles of sampling theory, Comparison between sample survey and complete enumeration, Errors in sample survey, Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size.
Index Numbers
List of institutes accepting CA CPT scores
Given below is a list of the institutes that accept CA CPT scores:
- Northern India Regional Council of The Institute of Chartered Accountants of India
- Central India Regional Council of The Institute of Chartered Accountants of India
- Eastern India Regional Council of The Institute of Chartered Accountants of India
- Southern India Regional Council of The Institute of Chartered Accountants of India
- Western India Regional Council of The Institute of Chartered Accountants of India
- Ahmedabad Branch of the Western India Regional Council of the ICAI
- Bangalore Branch of the Southern India Regional Council of the ICAI
- Baroda Branch of the Western India Regional Council of the ICAI,
- Chandigarh Branch of the Northern India Regional Council of the ICAI
- Coimbatore Branch of the Southern India Regional Council of the ICAI
- Ernakulam Branch of the Southern India Regional Council of the ICAI
- Hyderabad Branch of the Southern India Regional Council of the ICAI
- Indore Branch of the Central India Regional Council of the ICAI
- Jaipur Branch of the Central India Regional Council of the ICAI
- Nagpur Branch of the Western India Regional Council of the ICAI
- Pune Branch of the Western India Regional Council of the ICAI
- Surat Branch of the Western India Regional Council of the ICAI
* The above list of colleges is indicative not exhaustive*.
