Tuesday 6 January 2015

CPT Question Papers - Gateway to a Career in Chartered Accountancy

A lot of practical training is required in the professional course for becoming a Charted Accountant or a CA. The papers of professional competence exam and the final exam has questions that are of practical importance.
The candidates who wish to sit for CA examination should perfect and become expert of their field and not just the one that is used while working. The CA Question Papers are a must at Professional and Competence Exam/Integrated Professional Competence Exam and Final Exam.
For entry, one has to crack the CPT that is the Common Proficiency Test. Students after finishing their 10 + 2 can enter the profession of a CA through this entrance test.
The questions in CPT Question Papers are objective type with multiple choices.
The Question Papers cover the subjects Accounting/Mercantile Law/General Economics/Quantitative Aptitude of Common Proficiency Test. Besides, it also includes questions from Chartered Accountants/Subject experts working in various Colleges/Universities/Public/Students pursuing Chartered Accountancy Course, etc. These were originally invited from these experts of the subject.
The questions have four probable options to it. One of the options is the right answer.
Fill in the blanks are there with 4 alternate answers given from which to choose from.
Questions in the form of small paragraphs containing 3 to 4 lines each, followed by a question having 4 probable answer.
In Fundamentals of Accounting, Mathematics and Statistics The Numericals are there with 4 different answer out of which one is correct.
Case studies are also the part of CA Question Papers. They appear in simple words and contains multiple concepts in it. The case study is generally a practical situation taken from day to day corporate life. The candidate has to understand and answer it. Case study is basically given so as to check the analytical/logical ability and intelligence.
The ICAI or the Institute of Chartered Accountants of India has been set up and governed by an Act, that is called The Chartered Accountants Act, 1949. This Act has been taken out in order to govern the profession of Chattered Accountancy. It is also the second largest accounting body, globally.
It has changed quite a lot since according to the change that took place in the Indian economy. And over the years it has moved the quality of accounting and financial reporting, forward.
The various categories of subjects of ICAI Question Papers are --
Advanced Accounting
Management Accounting and Financial Analysis
English
Advanced Auditing
Corporate Laws and Secretarial Practice
Cost Management
Management Information and Controlling
Direct Taxes and Indirect Taxes

Education Papers
Academic Essays

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