CA CPT Syllabus 2021: How to Prepare CA CPT, Important Tips

The aspirants, who are planning to appear in the upcoming CA CPT 2021 exam, must collect the information about the exam including syllabus and examination pattern etc. Candidates must be aware that the Institute of Chartered Accountants of India (ICAI) is the organizing authority for CA CPT exam. In this regard, the Institute will publish a notification on its official website. Candidates should go through the prescribed syllabus for preparation of the exam. The syllabus will include the subjects namely Quantitative Aptitude, Accounting, Mercantile Laws and General Economics. If you really want to crack this exam and you should prepare with full determination. Here we are providing some preparation tips and syllabus of the CA CPT 2021 exam which will definitely help you during the exam.

CA CPT Syllabus 2021: Check Here

The candidates can check here CA CPT syllabus details below. Check the information carefully and start preparation.

Section A-Fundamental of Accounting: 60 Marks

• Accounting Process: Fundamental errors including rectifications thereof, Capital and Revenue Expenditure, Books of Accounts leading to the preparation of Trial Balance, Contingent assets and contingent liabilities, Capital and revenue receipts
• Theoretical Framework: Accounting Concepts, Meaning & Scope of Accounting, Accounting Standard – concepts, objectives, benefits, Principles and Conventions, Accounting Policies, Accounting as measurement discipline-valuation principles, accounting estimates.
• Introduction to Company Accounts: Issue of shares and debentures, re-issue of forfeited shares, forfeiture of shares, the redemption of preference shares.
• Accounting for Special Transactions: Sale of goods on approval or return basis, Consignments, Joint Ventures, Bills of exchange and promissory notes.
• Partnership Accounts: Final accounts of partnership firms-Basic concepts of admission, the death of a partner including treatment of goodwill and retirement.
• Depreciation Accounting: Methods, Change in depreciation methods, computation and accounting treatment of depreciation.
• Bank Reconciliation Statement.
• Preparation of Final Accounts for Sole Proprietors.
• Inventories: Basis of inventory valuation and record keeping

Section B-Mercantile Law: 40 Marks

• The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of the contract, consideration, other essential elements of a valid contract, breach of contract and performance of the contract.
• The Sale of Goods Act, 1930: Transfer of ownership and delivery of goods, Formation of the contract of sale, Conditions and Warranties, Unpaid seller and his rights.
• The Indian Partnership Act, 1932: Rights and duties of partners, General Nature of Partnership and Registration and dissolution of a firm.

Section C-General Economics: 50 Marks

(I) Micro Economics

• Theory of Demand and Supply: (a) Law of Demand and Elasticity of Demand-Price, Meaning and determinants of demand and income and cross elasticity, (b) Theory of consumer’s behavior-Marshallian approach and Indifference curve approach and (c) Law of Supply and Elasticity of supply, Meaning and determinants of supply.
• Introduction to Micro Economics: (a) Central problems of an economy and Production possibilities curve, (b) Definition, scope, and nature of Economics and (c) Methods of economics study.
• Price Determination in Different Markets:(a) Various forms of markets: Monopoly, Perfect Competition, Monopolistic Competition and Oligopoly, and (b) Price determination in these markets.
• Theory of Production and Cost: (a) Laws of Production- Law of Returns to Scale, the Law of Variable Proportions, (b) Meaning and Factors of production, (c) Concepts of Costs- Short-run and Long-run Costs, Average and Marginal Costs, Total, fixed and variable costs.

 (II) Indian Economic Development

• Indian Economy: A Profile- (a) Role of different sectors- Agriculture, Industry and Services in the development of the Indian Economy, their problems and growth, (b) Nature of the Indian Economy, (c) National Income of India-Concepts of national income, Growth of national income and per capita income in various Plans, Different methods of measuring national income, (d) Basic understanding of tax system of India-Direct and Indirect Taxation.
• Economic Reforms in India: (a) Privatization, Disinvestment and Liberalization (b) Features of economic reforms since 1991, (c) Globalization.
• Money and Banking:(a) Money-Meaning and functions, (b) Reserve Bank of India-Role and functions, Monetary policy, (c) Commercial Banks-Role and functions.
• Select Aspects of Indian Economy: (a) Poverty – Absolute and relative poverty and main programs for poverty alleviation, (b) Population–Its size, rate of growth and its implication for growth, (c) Infrastructure–Energy, Transportation, Communication, Health and Education, (d) Unemployment–Types, Causes and incidence of unemployment, (e) Inflation, (f) Balance of payments, (g) Budget and Fiscal deficits, (h) External debts

Section D- Quantitative Aptitude: 50 Marks

• Ratio and proportion, Logarithms, Indices
• Equations: (a) Linear-simultaneous linear equations up to three variables (b) Graphical solution to linear equations, (c) quadratic and cubic equations in one variable, (d) intersection of straight lines, (e) equations of a straight line
• Basic concepts of Calculus (Differential and Integral excluding trigonometric functions)
• Simple Interest and Compound Interest including annuity ─ Applications
• Inequalities– Graphs of Inequalities in two variables
• Sequence and Series–Arithmetic Progression and Geometric progressions
• Basic concepts of Permutations and Combinations
• Sets, Functions, and Relations
• Statistical description of data– (a)Textual, Tabular & Diagrammatic representation of data, (b) Frequency Distribution, (c) Graphical representation of frequency distribution-Frequency Polygon, Histogram
• Measures of Central Tendency and Dispersion-Arithmetic Mean, Geometric Mean and Harmonic Mean, Mode, Median–Partition Values, Standard deviation, Quartile deviation.
• Limits and Continuity-Intuitive Approach
• Sampling Theory: (a) Comparison between sample survey and complete enumeration, (b) Basic Principles of sampling theory, (c) Errors in sample survey, (d) Types of sampling, (e) Some important terms associated with sampling (f) Theory of estimation, and (g) Determination of sample size.
• Correlation and Regression
• Probability and Expected Value by Mathematical Expectation
• Index Numbers

CA CPT 2021: How to Prepare for CA CPT

• The applicants have to score the minimum 30% in all subjects for qualifying the exam, hence, prepare well and cover the entire syllabus.
• First of all, candidates must be aware of the CA CPT syllabus 2021 for better preparation of the exam.
• Clear your concept with regard to the accounting, economics and quantitative subjects.
• Prepare a timetable for routine study and give proper time to each section.
• Collect previous year question papers and solve them time to time.
• Also, purchase some sample paper books and solve them time to time.
• It is quite a tough test hence, put your full efforts to crack the exam.
• Focus on important topics of the subject and also prepare notes for revising later.
• Try to speed up your problem-solving skills as you have to complete the question paper within the limited time of 2.00 Hours.
• Take care of your health, stay calm and practice hard to qualify the exam.

CA CPT Exam 2021

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