CPT Preparation Tips

  • 1. Do you consider CPT to be merely a test that you need to get through somehow? Or, do you consider it to be the core foundation for becoming a successful chartered accountant? Your attitude will dictate how you approach the test. Indeed, it may well be possible for you to crawl through the exam by hook or by crook. But, let not casual preparation be a hindrance to future growth. Get to the core of concepts. Keep asking "why" and "how" until you fully comprehend the logic and reasoning behind every concept and solution. In this respect, the AlphaVeda Way points you in the right direction.
  • 2. CPT is a multiple-choice exam. The subsequent IPCC and Final exams are not multiple-choice exams. If you are not able to articulate the concepts in a subjective manner now, you may well find yourself drowning in some very hot water later on. So, set off on the right foot by preparing for CPT in a meaningful manner.
  • 3. Understand and follow the terminology. Keep a good English dictionary handy. You will be surprised that a lot of the concepts you come across are based on common words. If you understand the meaning of words, the concepts become clear quick and easy.
  • 4. The importance of logic and inference cannot be understated. Bear in mind that most concepts are based on underlying logic. Looking at concepts logically rather than factually will not only serve you well in your career but will also make passing the exam easier. There is logic or rationale for almost everything - the challenge is to get to it! With The AlphaVeda Way, you will find this easier.
  • 5. There is good reason for the saying: 'practice makes perfect'. Be it for the CPT or for any other exam - Practice, Practice, Practice! There is a tendency to "mug up" problems and answers rather than solving and understanding them. While it may somehow work to get you through in the short term, it is just not the right approach. CPT is intense and rigorous, and constant practice is critical. Try to practice as many questions as you can and follow a daily practice routine. The AlphaVeda Way is designed specifically to make this easy for you.
  • 6. Quantitative Aptitude is the subject that frightens most students. Completely ignoring it puts you at risk, not only for the purposes of passing the CPT, but also for being successful as you progress. You can certainly do well in the other subjects if Quantitative Aptitude is not one of your major strengths. However, do give thought to devising a strategy to tackle this subject, and you may actually find it to be less painful than it initially appears.
  • 7. The success rate out of more than 110,000 students was approximately 27% in the December 2012 CPT exam. It's definitely not a trivial exam! So be serious and prepare thoroughly. Use The AlphaVeda Way to improve your chances of success dramatically!

 

Test-Taking Tips

  • 1. Read the CPT exam instructions carefully. You may think you already know them from what others have told you earlier, but nevertheless set aside a couple of minutes to read them. You do not want any unpleasant surprises.
  • 2. The test is in two sessions: i) Fundamentals of Accounting and Mercantile Law; ii) General Economics and Quantitative Aptitude. For each of these two sessions, plan your approach in advance and decide beforehand which of the subjects you would want to tackle first.
  • 3. As you know, CPT is a multiple-choice exam. This means that it is absolutely important that you read all the given options carefully before you answer the question. What you may think to be the answer at first, may in fact not be the case. There may be a better answer. Too many students choose the first answer they think is right and ignore the other options entirely.
  • 4. Carefully consider certain types of questions: i) Those that have options 'all of the above' or 'none of the above'. Please read everything to check if this option is applicable for the particular question. ii) Negative statements in the questions such as 'which of the following are not true?' or 'which of the following are not false?'. Plan in advance how you want to think about such a question. You may want to convert it into a positive statement if that makes it easier to understand. So, 'which of the following are not true?' could be read as 'which of the following are false?' Having a strategy upfront will help you deal with such questions calmly and quickly.
  • 5. Sometimes, a question that appears too easy may be misleading. You should read such questions a second time, carefully.
  • 6. Wrong answers attract a negative mark. So, it is not a good idea to blindly guess if you do not know the answer at all. If you have no idea or are not confident about a question, you are better off skipping the question.
  • 7. Consider the process of elimination. In some cases, you may not know the right answer but you could possibly eliminate one or two of the options, if you determine the undoubtedly incorrect options. An educated guess out of the remaining options gives a better chance of getting to the right answer.
  • 8. Check to make sure that you have answered all questions. You do not want to skip a question by carelessness or oversight.
  • 9. Don't try to compare answers with others around you. First of all, you will lose focus if you do so. Secondly and more importantly, getting caught could get you debarred.