9 Quick Tips for CA CPT students for sure success
Becoming a Chartered Accountant (CA) is always considered to be one of the toughest professions to crack.
In order to become a Chartered Accountant, aspirants have to initially breeze through the first level of the CA Examination. This first level is called the Common Proficiency Test, CPT.
Here are some quick tips that boost up your confidence while preparing for CA CPT exam.
1. Prioritize Accounts
Accounts are the mark-fetching subject in CA CPT. If you have commerce background, you are already acquainted with the fundamentals of Accounts. Try to solve as many problems as you can, covering all the chapters from the syllabus.
If you are not from commerce background, you need to give more time on studying the theory part. Make the clear concept of fundamental accounting principles of ‘debit’ and ‘credit’. learn formats applicable to different accounts, such as journals, trial balance and final accounts of proprietary accounts, partnership account, and a company account.
2. Mercantile Law
This is next to Accounts regarding fetching marks in CA CPT. Make learn various provisions of the Contract Act, Sale of Goods Act, Negotiable Instrument Act, Partnership Act and Law of Torts. So, Make the clear concept of the explanation of certain legal terminologies and their implications. However, you should understand the implications of some important cases related to various acts.
This is comparatively, an easier subject and the Macro Economics part is more mark-fetching if you have made clear conception in the theory. It is all about the study of national economics and the government policies taken up for affecting the economic performance of a nation.
You have to make a quick study of various chapters such as business cycles, policy, long-run economic performance, Productivity, consumption, saving and investment. Make a note on the important aspects of various chapters.
4. Quantitative Aptitude
This sections may seem little difficult if you are not good at maths. But, Statistics will be easier.
So, while preparing for CA CPT, concentrate on Statistics by conceptualizing the theory and work out problems from averages, correlation and regression, differentiation and integration and theoretical distribution.
5. Reading Method
Read the first page for five minutes and then read slowly to comprehend the topic clearly. After completion of a chapter in this order, attempt all the questions given in the book and then check the answers.
Put a tick mark on the correct answers which need not be attempted again.
6. Revision Method
While making the revision, take up those areas where you have answered incorrectly. This process of revision should be repeated till you are fully correct on a particular chapter.
7. Practice Method
Practice solving previous questions and the probable questions for ensuing CA CPT exam. Here, you may experience difficulties. If that is the case join reputed CA coaching institute.
8. Scheduled Study
Make a well-planned study schedule, set a CPT preparation timetable and adhere to the timings rigidly. You can get better guidance if you join a CA coaching institute where you can take up mock tests.
9. Maintain Positivity
A positive mind can achieve anything. So, maintain positivity all throughout your preparation as well as examination about your success in CA CPT.
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