The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training. The important dates are as below:
Last date for registration under CPT:                                                 30th June 2017
Date of commencement of registration for Foundation Course:        1st July 2017
First Foundation Exam to be held in:                                                  May 2018
Last CPT Exam to be held in:                                                            June 2019
There will be 3 parallel attempts from May 2018 to June 2019

 Old Scheme   New Scheme  
CPTFoundation Course
NoPaper NameMarksTypeNoPaper NameMarksType
1Fundamentals of Accounting60Objective1Principles and Practices of Accounting100Subjective
2Mercantile Laws40Objective2Business Law & Business Correspondence and Reporting100Subjective
Business Law60
Business Correspondence and Reporting40
3General Economics50Objective3Business Mathematics and Logical Reasoning &Statistics100Objective
Business Mathematics and Logical Reasoning60
Statistics40
4Quantitative Aptitude50Objective4Business Economics & Business and Commercial Knowledge100Objective
Business Economics60
Business and Commercial Knowledge40
Total200Total400

PAPER – 1: PRINCIPLES AND PRACTICE OF ACCOUNTING
(One paper – Three hours – 100 Marks)

  1. Theoretical Framework
  2. Accounting Process
  3. Bank Reconciliation Statement
  4. Inventories
  5. Concept and Accounting of Depreciation
  6. Accounting for Special Transactions
    Bills of exchange and promissory notes
    Sale of goods on approval or return basis
    Consignments
    Joint Ventures for non-corporate entities
    Royalty accounts
    Average due Date
    Account Current
  7. Final Accounts of Sole Proprietors
  8. Partnership Accounts
  9. Financial Statements of Not-for-Profit Organizations
  10. Introduction to Company Accounts
  11. Basic Accounting Ratios (profitability, solvency, liquidity and turnover)

PAPER – 2 : BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING
(One paper – Three hours – 100 Marks)

SECTION A : BUSINESS LAWS (60 MARKS)
  1. The Indian Contract Act, 1872
  2. The Sale of Goods Act, 1930
  3. The Indian Partnership Act, 1932
  4. The Limited Liability Partnership Act, 2008
  5. The Companies Act, 2013
SECTION B : BUSINESS CORRESPONDENCE AND REPORTING (MARKS 40)
Part – I: Communication
  1. Communication
Part – II : Sentence Types and Word Power
  1. Sentence Types (Direct-Indirect, Active -Passive Speech)
  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.
Part – III : Comprehension Passages and Note Making
  1. Comprehension Passages
  2. Note Making
Part – IV : Developing Writing Skills
  1. Introduction to Basic Writing
  2. Précis Writing
  3. Article Writing
  4. Report Writing
  5. Writing Formal Letters
  6. Writing Formal Mails
  7. Resume Writing
  8.  Meetings

PAPER –3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS
(One paper – Three hours – 100 Marks)

Part – A. Business Mathematics (40 Marks)
  1. Ratio and Proportion, Indices and Logarithms
  2. Equations and Matrices
  3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
  4. Time value of Money
  5. Permutations and Combinations
  6. Sequence and Series
  7. Sets, Relations and Functions
  8. Basic applications of Differential and Integral calculus (Excluding the trigonometric applications),
Part – B: Logical Reasoning (20 Marks)
Part – C: Statistics (40 Marks)
  1. Statistical description of Data
  2. Measures of Central tendency and Dispersion
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regression
  6. Index Numbers and Time Series

PAPER – 4 : BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE
(One paper – Three hours – 100 Marks)

PART I : BUSINESS ECONOMICS (60 Marks)
  1. Introduction to Business Economics
  2. Theory of Demand and Supply
  3. Theory of Production and Cost
  4. Price Determination in Different Markets
  5. Business Cycles
PART – II : BUSINESS AND COMMERCIAL KNOWLEDGE (40 MARKS)
  1. Introduction to Business
  2. Business Environment
  3. Business organizations
  4. Government Policies for Business Growth
  5. Organizations facilitating Business
  6. Common Business Terminologies