Monday, 3 November 2014

Steps to Becoming a Chartered Accountant

CPT is an entry level exam for admission to the Chartered Accountancy course. A student can register for the test after passing 10th class by filling up the CPT registration form and submitting the requisite fees. CA being every commerce student's aspiration is a tough course to enter. The CPT exam tests the student for aptitude and ability to do the course.

Registration begins after class 10th but student can sit for the exam after class 12th.The registration is valid for 3 years after which it has to be re validated. A student who has got his CPT registration 60 days prior to the first day of the month in which CPT examination is to be held I.e. on or before 1st April and 1st October, can appear in the CPT examination to be held in June and December respectively.

CPT syllabus consists of a single paper which has four sections. The paper carries total marks of 200. Section A is Fundamentals of Accounting which carries 60 marks, Section B is Mercantile Law which carries 40 marks, Section C is General Economics which carries 50 marks and Section D is Quantitative Aptitude which carries 50 marks.

The best methods for CPT preparation are self study, coaching and online tutorials. Self study is for students who are confident they can manage on their own and have a strong knowledge base. Coaching is for aspirants who like studying in groups and need systematic and guided preparation. The coaching will prepare you for the pattern of exam, the kind of questions asked, how to answer questions and time management. The faculty is experienced and well researched to guide you through. There is also the advantage of studying with other students who build a fairly competitive environment.

Online tutorials or courses come to help when you want to gain additional knowledge. Most online courses are step by step guides with easy to understand examples, animations and digital notes to help a student reinforce learning. The practice tests available online keep the student agile. These courses help you to evaluate your progress and give you the convenience to study at your own pace.

Whatever is the mode of study used, one thing to remember is you should also learn to manage your time to complete the two sessions within 2 hours each. Since there is negative marking, you should take care not to guess the answers. The required questions from each section should be answered. Last but not the least, confidence in yourself gives you an extra edge to compete.

By Ridhi S

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