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Last date of CPC Registration for CA CPT Dec, 2014 Examination

To be eligible for CA CPT Dec, 2014 Examination, you should have to register yourself for Common Proficiency Course (CPC) of ICAI on or before October 1, 2014.

Last date of CPC Registration
Common Proficiency Course (CPC) is an entry level course to be a Chartered Accountant. Common Proficiency Test (CPT) is of 200 marks and it is divided into two sessions of two hours each. It comprises of four subjects i.e., Accounting (60 Marks), Mercantile Laws (40 Marks), General Economics (50 Marks) and Quantitative Aptitude (50 Marks).

CPT (Paper- Pencil Mode) is an objective type test with negative marking. The students will be awarded one mark for each correct answer and for a wrong answer they lose 1/4 i.e. 0.25 mark.

ICAI vide Announcement/227/14 dated 08/01/2014 notified that all candidates who register for CPC in the Institute of Chartered Accountants of India (ICAI) on or before 1st April/ 1st October of the year would be eligible to appear in the Common Proficiency Test to be held in June /December respectively.

Accordingly, only those students who will register with the CA Institute on or before 1st October, 2014 and fulfil the requisite eligibility conditions will be eligible to appear in CA CPT Dec, 2014 examination. CA CPT result for June, 2014 examination is likely to be declared on 16th July 2014. visit caresults.nic.in

A) Passing criteria:

As per the amended regulation 36A of the Chartered Accountants (Amendment) Regulations, 2012 vide Notification No. 1-CA(7)/145/2012 dated 1st August, 2012, a candidate of CPT shall ordinarily be declared to have passed the Common Proficiency Test if he/she obtains at one sitting a minimum of 30% marks in each section and a minimum of 50% marks in the aggregate of all the sections, subject to the principle of negative marking, in such manner as may be determined by the Council, from time to time.

In other words, if you secured a minimum of 30 per cent marks in each section but unable to secure 50 per cent marks in the aggregate of all sections, your result will be FAIL (See the marks obtained by Student A). Similarly, if you secured a minimum of 50 per cent marks in the aggregate but failed to secure the minimum marks required in any one or more of the sections, your result will be FAIL(See the marks obtained by Student F).

Note that ¼ (one fourth) mark shall continue to be deducted for each wrong answer and multiple darkened circles for a question will also be treated as wrong answer.

The following table will show you the revised passing requirements of CA CPT in an illustrative manner:

Subjects
Section A
Section B
Section C
Section D
Total
Result
Fundamentals of Accounting
Mercantile Laws
General Economics
Quantitative Aptitude
Maximum Marks
60
40
50
50
200

Passing Marks
18
12
15
15
100

Student A
20
12
25
35
92
FAIL
Student F
39
10
29
22
100
FAIL
Student E
44
15
23
33
115
PASS
Student P
37
24
31
32
124
PASS
NOTE: The marks obtained by students are after considering the negative marking, if any, for wrong answers/multiple darkened answers for a question/s.

Student A: He secured more than the minimum marks requirement (30 per cent) in each section but however, got only 92 marks in aggregate i.e. fails to secure at least 50 per cent marks in the aggregate of all sections A, B, C and D (as mentioned above). Therefore, he is declared as FAIL.

Student F: He secured exact 100 marks in aggregate of all sections i.e. fulfils the minimum passing criteria of 50 per cent in aggregate. However, he got only 10 marks in section B (Mercantile Laws) and therefore declared as FAIL.

Student E: He got 44 marks in section A (Fundamentals of Accounting) which is more than 70 per cent marks and he also secured 115 marks which is more than the minimum passing marks of 50 per cent in aggregate of all sections. Hence, he is declared “Pass with Distinction” and such remarks will be indicated in his Result Card.

Student P: He has secured more than the minimum 30 per cent marks required in each section as well as secured 124 marks i.e. more than the minimum passing required marks of 50 per cent in aggregate of all sections. Therefore, his name may be included in the top rank holders list provided at least 2,500 students appear in the exam.

This amendment in passing criteria has been made in terms of the decision of the Council of CA institute taken at its 317th meeting and the same passing requirements will be effective from CA CPT Examinations to be held from June, 2013 and onwards.

B) Rank Certificate: 

If you secure a minimum of 60% marks then there is a chance (upto 10th Rank) to get ‘Rank Certificate’ within 4 weeks of the declaration of result provided a minimum of 2,500 candidates appear in the CPT held on a particular day. See the result of student P as shown in the above table.

C) Pass with Distinction: 

If you secure a minimum of 70% marks then you will be declared “Pass with Distinction” and such remarks will be indicated in your Result Card. See the result of student E as shown in the above table.

In order to success in CA CPT Examination, you must download the Study Materials, Model/ Mock Test Papers, Lecture Series and test yourself through the Self-Assessment Quiz.


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