CA CPT Exam Syllabus

CA CPT Syllabus December,2008

Level ofKnowledge: Basic knowledge

SESSION -I

Section A: Fundamentals of Accounting ( 60Marks )

Objective:

To develop conceptualunderstanding of the fundamentals of financial accountingsystem.

Contents

1. TheoreticalFramework

1. Meaning and Scope ofaccounting
2. Accounting Concepts, Principles andConventions
3. Accounting Standards - concepts, objectives,benefits
4. AccountingPolicies
5. Accounting as a measurement discipline - valuationprinciples, accounting estimates

2. AccountingProcess

Booksof Accounts leading to thepreparation of Trial Balance, Capital andrevenue expenditures,Capitaland revenue receipts, Contingent assetsand contingent liabilities,Fundamental errors including rectificationsthereof.

3. Bank ReconciliationStatement

4.Inventories

Basis of inventory valuation and recordkeeping.

5. Depreciationaccounting

Methods, computation andaccounting treatment of depreciation, Change in depreciationmethods.

6. Preparation of Final Accounts for SoleProprietors

7. Accounting for SpecialTransactions

1. Consignments
2. Joint Ventures
3. Bills of exchange and promissorynotes
4. Sale ofgoods on approval or return basis.

8. PartnershipAccounts

Finalaccounts of partnershipfirms - Basic concepts of admission, retirementand death of a partnerincluding treatment of good will.

9. Introduction to CompanyAccounts

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

Section B: Mercantile Law ( 40 Marks)

Objective:

To test the general comprehension ofelements of mercantile law

Contents

1. TheIndian Contract Act , 1872: An overview of Sections 1 to75 coveringthe general nature of contract , consideration , otheressentialelements of a valid contract , performance of contract andbreach ofcontract.
2. The Sale of Goods Act,1930:Formation of the contract of sale - Conditions andWarranties-Transferof ownership and delivery of goods - Unpaid sellerand hisrights.
3. The IndiaPartnership Act, 1932:General Nature of Partnership - Rights andduties ofpartners-Registration and dissolution of afirm.

SESSION-II

(Two Sections- Two hours - 100Marks)

Section C: General Economics ( 50 Marks)

Objective:

To ensure basicunderstanding of economic systems, economic behaviour of individualsand organizations.

Contents

(I) MicroEconomics

1. Introduction to MicroEconomics

• Definition, scope and natureof Economics
• Methods of economicstudy
• Centralproblems of an economy and Production possibilitiescurve.

2. Theory of Demand andSupply

• Meaning and determinants of demand, Law of demand andElasticity of demand - Price, income and crosselasticity
• Theory of consumer's behaviour- Marshallian approach and Indifference curveapproach
• Meaning and determinants ofsupply, Law of supply and Elasticity ofsupply.

3. Theory of Production andCost

• Meaning and Factors ofproduction
• Lawsof Production - The Law of variable proportions and Laws of returns toscale
• Concepts ofCosts - Short-run and long-run costs, Average and marginal costs,Total,fixed and variable costs.

4. Price Determination inDifferent Markets

• Various forms of markets - Perfect Competition, Monopoly,Monopolistic Competition andOligopoly
• Price determination in thesemarkets.

(II) Indian EconomicDevelopment

5. Indian Economy - AProfile

• Nature of the IndianEconomy
• Roleof different sectors -Agriculture, Industry and Services in thedevelopment of the Indianeconomy, their problems andgrowth
• NationalIncome of India -Concepts of national income, Different methods ofmeasuring nationalincome, Growth of national income and per capitaincome in variousplans.
• Basic understanding of taxsystem of India - Direct and IndirectTaxation

6. Select Aspects of IndianEconomy

• Population - Its size, rateof growth and its implication forgrowth
• Poverty -Absolute and relative poverty and main programs for povertyalleviation
• Unemployment - Types, causes and incidence ofunemployment
• Infrastructure - Energy, Transportation, Communication,Health and Education
• Inflation
• Budget and Fiscaldeficits
• Balanceof payments
• External debts.

7. Economic Reforms inIndia

• Features of economic reformssince 1991
• Liberalisation, Privatisation andDisinvestment
• Globalisation.

8. Money andBanking

• Money - Meaning andfunctions
• Commercial Banks - Role andfunctions
• ReserveBank of India - Role and functions, Monetarypolicy.

Section D: Quantitative Aptitude ( 50 Marks)

Objective:

To test the grasp ofelementary concepts in Mathematics and Statistics and application ofthe same as useful quantitative tools.

Contents

1. Ratio and proportion, Indices,Logarithms

2. EquationsLinear -simultaneous linear equations up to three variables, quadraticand cubicequations in one variable, equations of a straight line,intersection ofstraight lines, graphical solution to linearequations.

3. Inequalities Graphs ofinequalities in two variables - common region.

4. Simple and CompoundInterest including annuity -Applications

5. Basic concepts of Permutations andCombinations

6. Sequence and Series - Arithmetic andgeometric progressions

7. Sets, Functions andRelations

8. Limits and Continuity - IntuitiveApproach

9. Basic concepts of Differential andIntegral Calculus (excluding trigonometricfunctions)

10. Statistical description ofdata

1. Textual, Tabular & Diagrammatic representation ofdata.
2. FrequencyDistribution.
3. Graphical representation of frequency distribution -Histogram, Frequency Polygon, Ogive

11. Measures of CentralTendency and Dispersion Arithmetic Mean, Median -Partition Values, Mode, Geometric Mean and Harmonic, Mean,Standarddeviation, Quartile deviation

12. Correlation andRegression

13. Probability and Expected Value byMathematical Expectation

14. TheoreticalDistributions - Biomial, Poisson andNormal.

15. Sampling Theory- BasicPrinciples of sampling theory, Comparison between sample surveyandcomplete enumeration, Errors in sample survey, Some importanttermsassociated with sampling, Types of sampling, Theory ofestimation,Determination of sample size.

16. IndexNumbers