CPT study guide is eventually necessary for actual exam

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CPT education - Common Proficiency Test Updated: 2023

Simply retain these CPT questions before you go for test.
Exam Code: CPT Common Proficiency Test education November 2023 by Killexams.com team

CPT Common Proficiency Test

Exam Details:
- Number of Questions: The CPT (Common Proficiency Test) is a multiple-choice test consisting of four sections, each with a specific number of questions. The sections and their respective question counts are as follows:
1. Fundamentals of Accounting: 60 questions
2. Mercantile Laws: 40 questions
3. General Economics: 50 questions
4. Quantitative Aptitude: 50 questions
In total, the CPT comprises 200 questions.

- Time: The CPT is a time-limited exam, with a total duration of 4 hours. Candidates have 2 hours for each session, and they cannot leave the examination hall during the session.

Course Outline:
The CPT is an entry-level examination conducted by the Institute of Chartered Accountants of India (ICAI). It serves as the first step in the Chartered Accountancy (CA) course. The course outline for the CPT includes the following subjects:

1. Fundamentals of Accounting: This section covers the basic principles and concepts of accounting, including the preparation, presentation, and interpretation of financial statements, accounting for partnerships, and accounting for nonprofit organizations.

2. Mercantile Laws: This section focuses on the legal aspects relevant to the business environment, including the Indian Contract Act, the Sale of Goods Act, and the Partnership Act.

3. General Economics: This section covers fundamental economic concepts and principles, including microeconomics and macroeconomics, price determination, national income, money and banking, and economic reforms in India.

4. Quantitative Aptitude: This section tests the candidates' mathematical and analytical skills. It includes courses such as ratios and proportions, time and distance, equations, probability, and basic statistical concepts.

Exam Objectives:
The CPT has the following objectives:

1. Assess Fundamental Knowledge: The test aims to evaluate candidates' understanding of the fundamental concepts and principles of accounting, mercantile laws, general economics, and quantitative aptitude.

2. Test Analytical Skills: The CPT assesses candidates' ability to apply logical and analytical thinking in solving numerical and theoretical problems.

3. Measure Aptitude for the CA Profession: The test aims to determine candidates' aptitude and suitability for pursuing a career in chartered accountancy.

4. Establish a Foundation: The CPT serves as the foundation for the subsequent levels of the CA course, ensuring that candidates have a solid understanding of the core subjects.

Exam Syllabus:
The CPT syllabus covers the following topics:

1. Fundamentals of Accounting:
- Theoretical Framework
- Accounting Process
- Bank Reconciliation Statement
- Inventories
- Depreciation Accounting
- Preparation of Final Accounts for Sole Proprietors
- Partnership Accounts
- Accounting for Nonprofit Organizations

2. Mercantile Laws:
- The Indian Contract Act, 1872
- The Sale of Goods Act, 1930
- The Indian Partnership Act, 1932

3. General Economics:
- Microeconomics: Introduction to Microeconomics, Theory of Demand and Supply, Price Determination in Different Markets
- Macroeconomics: Indian Economy - A Profile, Basic Understanding of National Income, Money and Banking

4. Quantitative Aptitude:
- Ratio and Proportion, Indices, Logarithms
- Equations and Matrices
- Time and Distance
- Simple and Compound Interest
- Permutations and Combinations
- Probability and Statistics
Common Proficiency Test
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CPT Common Proficiency Test

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Common Proficiency Test
Question: 133
Heart rate should be monitored for _________ minute/ mintues reducing
A. 25 minutes
B. 15 minutes
C. 1 minutes
D. 3 minutes
Answer: C
Question: 134
Benefits of exercise are:
A. Increase in heart rate and respiratory rate
B. Decrease in tissue temperature
C. Increase in psychological preparation for bouts of exercise
D. Decrease tissue size
E. Increase tissue temperature
Answer: A, C, E
Question: 135
CPT codes contain how many numbers?
A. 6
B. 3
C. 4
D. 5
Answer: D
Question: 136
CPT is updated every
A. January
B. October
C. November
D. April
Answer: C
Question: 137
What indicates a new code?
A. Lightening bolt
B. Bullet
C. Bull's eye
D. Triangle
Answer: B
Question: 138
Which appendix contains a list of all modifiers used in CPT?
A. E
B. A
C. F
D. C
Answer: B
Question: 139
The first section in the CPT manual is:
A. Surgery
B. Medicine
C. Evaluation and Management
D. Pathology/Laboratory
Answer: C
Question: 140
This type of code contains a full description of the service and/or procedure.
Answer: stand alone
Question: 141
These codes report emerging technology and are temporary codes used for up to 5
Answer: Category III
Question: 142
Multiple codes are separate by:
Answer: comma
Question: 143
Five-digit alphanumeric codes representing physician and nonphysician services
and supplies not represented in Level I codes are:
Answer: HCPCS
Question: 144
List 3 examples of main terms found in the CPT index:
Answer: tests, services, supplies, orthoses, prostheses, medical equipment, drugs,
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ICAI Proficiency education - BingNews https://killexams.com/pass4sure/exam-detail/CPT Search results ICAI Proficiency education - BingNews https://killexams.com/pass4sure/exam-detail/CPT https://killexams.com/exam_list/ICAI ICAI To Conduct First test Under New course In 2024, Check Details Of test Pattern

Institute of Chartered Accountants of India

New Delhi:

The Institute of Chartered Accountants of India (ICAI) has formulated the New Scheme of Education and Training in line with International Education Standards and National Education Policy, 2020 (NEP). The first Foundation test under New Scheme will be held in June, 2024 and the first Intermediate and Final Examination under New Scheme will be conducted in May, 2024. 

The new scheme has been introduced after considering the inputs from various stakeholders. The New Scheme of Education and Training has been notified in the Gazette of India on June 22, 2023 and launched on July 1, 2023. 

As per information shared by the ICAI, “The curriculum of the New Scheme of Education and Training has been designed to build global ready professionals by equipping aspiring Chartered Accountants with the requisite competencies. The course will inculcate enriched learning methodologies, cogent and holistic skill assessment and effective and focussed practical training, industry orientation and multi-disciplinary approach.”

The salient features of the New Scheme are-
The following special features are being incorporated in the New Scheme to enhance the professional competence of aspiring Chartered Accountants.   

  1. Seamless and focused practical training for two years. This industrial training period would be examination-free and will be conducted for 9 to 12 months. The training can also be opted for in the last leg of the practical training period.  
  2.  Technology enabled learning through self-paced online modules, which provide necessary industry orientation. 
  3. Mandatory paper on multi-disciplinary case study with strategic management at the final level is conducted. The paper assess the integrated application of professional knowledge in different subject areas combined with the skills acquired during practical training. This paper is open book and case study based to assess the higher order thinking skills and overall professional competence of aspiring chartered accountants.  
  4. Assessment is conducted by way of case scenario/study based MCQs for 30 marks in every subject at the Intermediate and Final levels to hone the analytical skills of aspiring Chartered Accountants.  
  5. The Final level curriculum is blended with education in ethics and information technology by including core subjects related to these. 
  6. Implementation of international curriculum in line with the Government's objective of internationalisation of higher education.
Wed, 25 Oct 2023 09:44:00 -0500 text/html https://www.ndtv.com/education/icai-to-conduct-first-exam-under-new-course-in-2024-check-details-of-exam-pattern-4512339
ICAI launches international curriculum for accountancy aspirants abroad NEW DELHI: The Institute of Chartered Accountants of India (ICAI), which conducts the CA exams in the country, has launched an international curriculum for accountancy aspirants abroad. "The International Affair Policy and International Curriculum launched by ICAI is a step in the right direction to enhance ICAI's global presence and recognition. The International Affair Policy of ICAI aims to develop Indian CAs as a truly global brand at international level. It envisions positioning ICAI as a highly valued accountancy body globally and enhancing global visibility, increasing global mobility and contributing to the development of Indian economy as a whole," said V Muraleedharan, Minister of State for External Affairs.

"I am confident that it will prove to be another historic milestone in the journey of accountancy profession, not only in India but also in other foreign countries," he added.

According to officials at ICAI, the international curriculum is in line with the stated intent, being designed in such a manner to attract students from across developing nations in the initial stages of economic development, who in turn will contribute to the economic growth of their countries.


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"Through its International Curriculum, ICAI seeks to achieve the government's objective of internationalisation of higher education as enshrined in the National Education Policy as also to partner the government's efforts in facilitating and supporting the economic growth of developing nations by imparting professional accountancy education to students of such countries which do not have a national professional accountancy organisation of their own," said Atul Kumar Gupta, President, ICAI.
Ashok Haldia, Convener, Group to formulate Foreign Policy of ICAI opined that, "in the current fintech era where physical boundaries have diminished and finance and technology have merged, the International Affairs Policy document is of paramount importance to position Indian Chartered Accountants as strategic business leaders for global economy".
The existing structure of the CA curriculum with three levels of examination would be retained in the International Curriculum.
Education would continue to be imparted through distance learning by providing study materials and other educational inputs.
In addition, greater emphasis would be laid on e-learning modes, like e-books, e-lectures, e-journal and virtual coaching classes to bridge the distance learning gap.

Information Technology Training (ITT) and Management and Communication Skills (MCS) would also be imparted online. The three year concurrent practical and industrial training would be mandatory in the international curriculum as well.

Thu, 08 Dec 2022 14:32:00 -0600 text/html https://timesofindia.indiatimes.com/education/news/icai-launches-international-curriculum-for-accountancy-aspirants-abroad/articleshow_new/80780573.cms
ICAI Announces FAFD test 2023 Results No result found, try new keyword!Institute of Chartered Accountants of India (ICAI) has released the results for the Forensic Accounting and Fraud Detection (FAFD) test 2023, conducted on October 28, 2023. Aspirants can access ... Sat, 11 Nov 2023 09:00:00 -0600 text/html https://www.freepressjournal.in/education/icai-announces-fafd-exam-2023-results ICAI CA Admit Card November 2023 released at eservices.icai.org, download here ICAI CA Admit Card 2023: The Institute of Chartered Accountants of India (ICAI) has released the Admit Card for the November 2023 exams. Candidates can download their admit cards from the official website of ICAI, https://icaiexam.icai.org/.
To download the admit card, candidates will need to enter their registration number or PIN number and password. Once the admit card is downloaded, candidates should check all the details carefully and make sure that there are no errors. If there are any errors, candidates should immediately contact the ICAI for rectification.
Candidates, who wish to appear in the November 2023 test for CA Intermediate and Final test need to know that hall ticket will be available at https://eservices.icai.org/.
The examination schedule for the November 2023 sessions spans from the 1st to the 17th of November. The exams are classified into two categories, Intermediate and Final, each comprising multiple papers.
Direct link to download ICAI Admit Card for November 2023 exams
Here are the steps to download ICAI Admit Cards for the November 2023 CA Exams:
Step 1: Go to the official website of the Institute of Chartered Accountants of India (ICAI) at https://icaiexam.icai.org/.
Step 2: Look for the 'Admit Card' or 'Download Admit Card' link on the website's homepage.
Step 3: Select the test you are appearing for, which could be CA Intermediate or CA Final.
Step 4: You'll be prompted to enter your registration number or PIN number along with your password. Ensure you input the correct details.
Step 5: Once you've entered your details, click on the 'Download Admit Card' button. Your admit card will be generated.
Step 6: download the admit card and carefully verify all the details. If you spot any errors, promptly contact the ICAI for corrections.
Candidates can find their detailed examination schedules, including test dates, timings, and durations, below:
Intermediate Examination Schedule:
Group – 1:
Paper 1: November 2, 2023, from 2 pm to 5 pm (3 hours)
Paper 2: November 4, 2023, from 2 pm to 5 pm
Paper 3: November 6, 2023, from 2 pm to 5 pm
Paper 4: November 8, 2023, from 2 pm to 5 pm
Group – 2:
Paper 5: November 10, 2023, from 2 pm to 5 pm
Paper 6: November 12, 2023, from 2 pm to 5 pm
Paper 7: November 13, 2023, from 2 pm to 5 pm
Paper 8: November 17, 2023, from 2 pm to 5 pm
Final Examination Schedule:
Group – 1:
Paper 1: November 1, 2023, from 2 pm to 5 pm (3 hours)
Paper 2: November 3, 2023, from 2 pm to 5 pm
Paper 3: November 5, 2023, from 2 pm to 5 pm
Paper 4: November 7, 2023, from 2 pm to 5 pm
Group – 2:
Paper 5: November 9, 2023, from 2 pm to 5 pm (3 hours)
Paper 6 (elective): November 11, 2023, from 2 pm to 6 pm (4 hours)
Paper 7: November 14, 2023, from 2 pm to 5 pm
Paper 8: November 16, 2023, from 2 pm to 5 pm
Mon, 16 Oct 2023 08:24:00 -0500 en text/html https://timesofindia.indiatimes.com/education/news/icai-ca-admit-card-november-2023-released-at-eservices-icai-org-download-here/articleshow/104464811.cms
ICAI Announces Result For Forensic Accounting And Fraud Detection Course, Check Details New Delhi:

The Institute of Chartered Accountants of India (ICAI) has announced the results for the Forensic Accounting and Fraud Detection (FAFD) test held on October 28, 2023.

The Council of the Institute of Chartered Accountants of India has launched the Certificate Course on Forensic Accounting and Fraud Detection keeping in mind the increasing demand of rising number of incidents of cyber-crimes and frauds in the country. It is the practice of utilising accounting, auditing, CAATs/ Data Mining Tools, and investigative skills to detect fraud/ mistakes. 

Steps to check the results-
Step 1- Login to https://learning.icai.org using your SSP Credentials.
Step 2- Click on DAAB_Assessment_Forensic_Accounting and Fraud Detection -28th October
2023 in My Product Tab 
Step 3- Click on Launch Button
Step 4- Click on + Button and view your result

The candidates can download their e-Certificates as they will  not be provided with any hard copy by the Board.
Candidates who have scored less than 50 marks and who have not qualified for the test can appear in the next attempt that is tentatively scheduled in December/ January. 

The duration of the course is 7 days. Candidates will have to pay Rs 14,000 for enrolling in the course.
Participant have to secure 50 per cent marks in their Module Test and Project Work (i.e. 50 Marks in total out of 100) to get eligible for appearing in the Assessment Test. Passing of the Module Tests and the Project Work is the precondition for appearing in the FAFD Assessment Test.

Sat, 11 Nov 2023 05:08:00 -0600 text/html https://www.ndtv.com/education/icai-announces-result-for-forensic-accounting-and-fraud-detection-course-check-details-4566433
ICAI CA Final Admit Card 2023 OUT for November Session, download at eservices.icai.org

ICAI CA Final Admit Card 2023, ICAI CA November 2023 Exam: The Institute of Chartered Accountants of India (ICAI) has released the admit card for the November Session, Chartered Accountant Final test 2023. All those who registered for the ICAI CA Final Exams can download their admit cards from the official websites, eservices.icai.org, icai.org and icaiexam.icai.org. 

To download ICAI CA Final November 2023 Session admit cards, candidates are required to use their essential details such as user ID, and password on the login window. According to the latest updates, the official links are not working due to high traffic on the official website. Candidates have been advised to keep calm and check the official website again after some time. 

ALSO READ | ICAI CA Intermediate Admit Card 2023 OUT for November Session, Check direct link

ICAI CA Final Admit Card 2023: How to download

  • Visit the official website of ICAI, eservices.icai.org, icai.org and icaiexam.icai.org. 
  • Navigate the link of 'ICAI CA Final Admit Card 2023 for November Session'
  • It will redirect you to the login window where you need to enter your registration number, date of birth and other details
  • ICAI CA Final Admit Card 2023 will appear on the screen
  • Download ICAI CA Final Admit Card 2023 and save it for future reference

Direct link to download ICAI CA Final November 2023 session admit card

ICAI CA Final Admit Card 2023: Instructions

Candidates appearing for the CA Final November test 2023 are required to carry a government ID proof such as an Aadhar card, driver's license, voter ID card, etc. Candidates are required to carry a hard copy of the ICAI member-attested admit card in case the downloaded admit card has a photograph and signature missing. Candidates are also required to attend the test along with the two passport-size photographs. Candidates are advised to check their test centre and visit the test centre one day before the exam. So, the candidate would not have to face difficulty on the day of the test to search their test centres. 

Mon, 16 Oct 2023 11:39:00 -0500 en text/html https://www.indiatvnews.com/education/higher-studies/icai-ca-final-admit-card-2023-out-for-november-session-download-at-eservices-icai-org-2023-10-16-898109
Non-traditional education-related careers

There are many education-related careers found in places other than schools and universities.

Adult Education

Besides teaching adults basic job skills or proficiency education such as reading, writing, and English, adult teachers also help learners who left school at an early age in order to support their family, get a job,-or for other reasons-complete their high school equivalency diploma program. Adult teachers are important advocates for instilling confidence and skills in those who haven’t had the chance to complete their basic learning and preparation for a fast-paced job field. These teachers also help students who may already work in a trade or vocational field-such as mechanics, construction, electrical or cosmetology-advance their learning, earn professional certification so they may move into management or senior roles-or start a business of their own.  An advanced degree may not be required.

All Education Schools website: Adult Education Teacher Education Paths

Interpreter or Translator

An interpreter and translator are language experts responsible for translating one language to another for communicative purposes and context comprehension in the highest accuracy. Interpreters and translators must ensure that the translations keep the core message of the speaker or author's statement, including the proper interpretation of terminologies for the target audience. An interpreter and translator should also observe strict grammar rules and composition structures to maintain context integrity. They should have excellent communication skills, especially in the aspects of listening, writing, and speaking crucial for this kind of expertise.  An advanced degree is not required.

College Grad website: career information for interpreters and translators

Corporate Trainer

Corporate trainers are like teachers that work in corporate or other professional settings to promote employee growth and development. They may train teams in-person to develop their skills or create entire training programs used to teach and train employees.  The primary mission of a corporate trainer is to support the career development of their company's or organization's employees by training new ones, sharpening existing ones, and supporting overall employee career progress. Almost all corporate trainers possess at least a bachelor's degree in a field related to the industry in which they want to teach.  An advanced degree is not always required.

Fri, 27 Oct 2023 13:11:00 -0500 en text/html https://www.depauw.edu/academics/departments-programs/education-studies/info-for-current-students/careersineducationstudies/non-traditional-education-related-jobs/
MIT-WPU and ICAI join hands to enhance accounting and financial education in the country No result found, try new keyword!and The Institute of Chartered Accountants of India (ICAI) signed a Memorandum of Understanding (MoU) to collaborate to enhance accounting and finance education in the country. According to a ... Mon, 30 Oct 2023 12:00:00 -0500 en-us text/html https://www.msn.com/ HIGHER EDUCATION No result found, try new keyword!A widespread water outage Monday prompted the University of Maryland to shut down dorms, classroom buildings, libraries and the health center. Several D.C.-area university presidents denounced ... Sun, 12 Nov 2023 09:59:00 -0600 en text/html https://www.washingtonpost.com/higher-education/ ICAI CA Inter Result 2022 Likely To Be Announced Today: Official Statement No result found, try new keyword!The examination for the ICAI CA Inter Result 2022 Announced that is soon to be announced was taken from 14th to 31st May 2022. The ICAI recently also released the official result of the CA Final ... Thu, 21 Jul 2022 08:21:00 -0500 en-US text/html https://www.outlookindia.com/education/icai-ca-inter-result-2022-likely-to-be-announced-today-official-statment-news-210968

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