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Why Assets Tutorial for CPT

CPT students benefit the most by yielding compelling results due to our distinguished teaching approach. We do not proceed without clearing core concepts that form the basis of subjects like Accounting and Economics, forming a momentum in learning. Instead of adapting the conventional textbook methods for analytical subjects, our faculty empowers a student to tackle any out-of-the-box problem, inducing confidence and proficiency within him. Duly assistance is given by the teachers to the student in different class performance activities like presentations, assignments, and case studies, covering all the grounds of his academics.

Our ideals believe in, considering the active interests of students, in place of rushing a particular subject for completing the portion. Right from the beginning of the year, the student’s progress is monitored by his respective teachers. Regular doubt solving sessions are held for students to solve their difficulties in subjects like Economics, Business Law and Quantitative Methods. The prime initiative behind this coaching framework, is to prepare individuals that can progress into the future and handle the industry using their analytical skills, while creating various avenues for themselves along the way. Use of modern methods of teaching, benefit the student in understanding specifics of various subjects, 

Through transparency and easy communication, make way for parents to approach us anytime, inquiring about their pupil’s progress. Our profound methods have yield excellence for many students and will benefit anyone who chooses to be a part of our family.

Other Benefits

Our CPT Batches consists of only 30 Students; this helps the faculty to give personal attention to each student in the class.

Conceptual clarity is a must for students to be able to solve any type of problems or case studies. All our faculties believe & practice conceptual teaching.

This is one area where many fail; however, we take this very seriously since, this can make or break the student’s study rhythms. Timely completion gives sufficient time for revisions.

We are very serious about our study material; thus, we ensure it is designed by experts & reviewed every year to give the students the best possible quality.

Unlike some, we do not leave the revisions to students. We include specially designed intensive coaching and refresher course which covers the entire syllabus. This exponentially helps students in their preparations.

We not only conduct regular chapter wise & short surprise tests but also full lenght prelim exams. This makes our students well prepared before the exams.

Though the students are given regular feedbacks; we also conduct open-house to update the parents about their child’s performance. This helps them monitor their child’s progress.

We will regularly conduct valuable counselling sessions with professionals and board moderators, to give the students an insight into the speed, accuracy, approach, sequel of order, overcoming exam fear, and developing the correct attitude.

Apart from world-class coaching and mentoring we at Assets also provide a reading room, library of reference books, CD-ROMs, sports and literary competitions and educational outings.

Top reason why you will fail in CA - CPT :

Chartered Accountancy course is competitive course implemented by the Institute of Chartered Accountants of India, to which a student can apply after passing prescribed three levels of examination. There is a steep difference between the number of students who clear the exams every year and the ones who fail. Certain aspects of prior preparation of the syllabus is important, and if not considered will land students at the doors of failure.

  1. Not analyzing the important aspects of a topic and study accordingly. For papers like Corporate and Allied Law, diverting attention towards Allied Law can help you score better due to the weightage that is given to this section in the paper. Failure to analyze that approximately 40 marks of total weightage given to Allied Laws, results in further loss of marks.
  2. Backward preparation of papers like Financial Reporting which includes studying of the vast and hard topics in the beginning, makes students reconsider the smaller topics holding majority mark weight age as the end nears. General schema is to start with Holding Company Acts and Amalgamation which takes most of the time whereas in hindsight, selected few questions will be asked from this vast topic. Instead if enough attention is paid to smaller topics the chances of going wrong on it are really few.
  3. Avoiding proper formatting while writing papers for accounts, is an easy way to lose marks. Not using stated format while presenting accounts, making balance sheets and not mentioning given currency in accounts ends up in deduction of marks. Having notes beside your accounts describing the basis of your assumption and considering the accounting standards, while stating your assumption will prove worthy in the long run if practiced.

The Assets Tutorial Way!

The foundation of Assets Tutorials (one of the best CPT Classes in Andheri) was laid with a sole objective of imparting knowledge to students using quality teaching methods that have a lasting impact. Every student who has been a part of our family has achieved the best in his career prospects. Our teaching methods are very dynamic in nature, as compared to other institutions. We believe in giving equal attention to every student, strengthening the pillars that form the foundation of a bright future.

Since our inception, we have created a warm and friendly environment, dispelling forbidding feelings associated by students with teachers and the education system.

Your CPT Mentors

Bharat Sir (BBI Mentor in Andheri)

Bharat Bohra -Super Specialist in Accounts, Economics & Costing. 20+ Years of teaching experience.

Rahul Sir (BBI Mentor at Andheri)

Rahul Agarwal – Expert in Maths & Statistics; 15+ Years of teaching experience

Amit Bohra – Expert in Law & Micro Economics; 6+ Years of teaching experience

Lajpat Sir

Lajpat Vyas – Expert in Financial Management, Taxation & Indirect Tax. 6+ Years of teaching experience.

CPT Syllabus

1. Theoretical Framework

(i) Meaning and Scope of accounting

(ii) Accounting Concepts, Principles and Conventions

(iii) Accounting Standards – concepts, objectives, benefits

(iv) Accounting Policies

(v) Accounting as a measurement discipline – valuation principles, accounting estimates

2. Accounting Process

Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

3. Bank Reconciliation Statement

4. Inventories

Basis of inventory valuation and record keeping.

5. Depreciation accounting

Methods, computation and accounting treatment of depreciation, Change in depreciation methods.

6. Preparation of Final Accounts for Sole Proprietors

7. Accounting for Special Transactions

(a) Consignments

(b) Joint Ventures

(c) Bills of exchange and promissory notes

(d) Sale of goods on approval or return basis.

8. Partnership Accounts

Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

9. Introduction to Company Accounts

Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

(I) Micro Economics

1. Introduction to Micro Economics

(a) Definition, scope and nature of Economics

(b) Methods of economic study

(c) Central problems of an economy and Production possibilities curve.

2. Theory of Demand and Supply

(a) Meaning and determinants of demand, Law of demand and Elasticity of demand — Price, income and cross elasticity

(b) Theory of consumer ‘s behaviour – Marshallian approach and Indifference curve approach

(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

3. Theory of Production and Cost

(a) Meaning and Factors of production

(b) Laws of Production – The Law of variable proportions and Laws of returns to scale

(c) Concepts of Costs — Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

(a) Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly

(b) Price determination in these markets.

(II) Indian Economic Development

5. Indian Economy – A Profile

(a) Nature of the Indian Economy

(b) Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth

(c) National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans.

(d) Basic understanding of tax system of India – Direct and Indirect Taxation

6. Select Aspects of Indian Economy

(a) Population – Its size, rate of growth and its implication for growth

(b) Poverty – Absolute and relative poverty and main programs for poverty alleviation

(c) Unemployment – Types, causes and incidence of unemployment

(d) Infrastructure — Energy, Transportation, Communication, Health and Education

(e) Inflation

(f) Budget and Fiscal deficits

(g) Balance of payments

(h) External debts.

7. Economic Reforms in India

(a) Features of economic reforms since 1991

(b) Liberalisation, Privatisation and Disinvestment

(c) Globalisation.

8. Money and Banking

(a) Money – Meaning and functions

(b) Commercial Banks – Role and functions

(c) Reserve Bank of India – Role and functions, Monetary policy.

1. The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.

2. The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights.

3. The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

1. Ratio and proportion, Indices, Logarithms

2. Equations

Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.

3. Inequalities

Graphs of inequalities in two variables — common region.

4. Simple and Compound Interest including annuity — Applications

5. Basic concepts of Permutations and Combinations

6. Sequence and Series – Arithmetic and geometric progressions

7. Sets, Functions and Relations

8. Limits and Continuity — Intuitive Approach

9. Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)

10. Statistical description of data

(a) Textual, Tabular & Diagrammatic representation of data.

(b) Frequency Distribution.

(c) Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

11. Measures of Central Tendency and Dispersion

Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

12. Correlation and Regression

13. Probability and Expected Value by Mathematical Expectation

14. Theoretical Distributions

Binomial, Poisson and Normal.

15. Sampling Theory

Basic Principles of sampling theory , Comparison between sample survey and complete enumeration , Errors in sample survey , Some important terms associated with sampling , Types of sampling , Theory of estimation , Determination of sample size .

16. Index Numbers