ICAI CPT : Common Proficiency Test Exam Dumps

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Latest 2023 Updated ICAI Common Proficiency Test Syllabus
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Exam Number : CPT
Exam Name : Common Proficiency Test
Vendor Name : ICAI
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CPT Exam Format | CPT Course Contents | CPT Course Outline | CPT Exam Syllabus | CPT Exam Objectives

Exam Details:
- Number of Questions: The CPT (Common Proficiency Test) is a multiple-choice exam 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 topics 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 exam 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 exam 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

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ChatGPT accurately answers questions about common cancer myths, Huntsman study shows

Estimated read time: 4-5 minutes

Editor's note: This is part of a series looking at the rise of artificial intelligence technology tools such as ChatGPT, the opportunities and risks they pose and what impacts they could have on various aspects of our daily lives.

SALT LAKE CITY — ChatGPT is not always great at providing accurate answers, but there's at least one realm in which it far surpasses social media: common cancer myths.

Dr. Skyler Johnson worked on a study with the Huntsman Cancer Institute days after the artificial intelligence chatbot was made available to see whether ChatGPT has accurate answers for common myths and misconceptions about cancer.

Johnson said the questions they fact-checked through the chatbot were commonly asked questions from a list created by the National Cancer Institute. ChatGPT's answers were pretty accurate, and 97% of the answers matched the answers from the National Cancer Institute.

On social media, about one-third of all articles or sources contain misinformation, according to Johnson.

He said sometimes patients' decisions, like refusing a prescribed or tested treatment in favor of something they read online or heard about from a friend, can lead to poor health outcomes. In a 2018 study, Johnson found patients who make the decision to go with unproven treatments have worse chances for survival; there is almost a sixfold increase in the risk for death.

For a while, it has been clear that social media is a source for much of this misinformation about cancer treatment, Johnson said, adding that "the vast majority of those contain the potential to hurt cancer patients."

He said the amount of misinformation is scary, and it is not uncommon to see patients make decisions to go with an alternative treatment and then come back later with cancer that has spread further.

"That's always disheartening, and I lose a lot of sleep over those situations," Johnson said.

Consequently, it's clear why Johnson was also interested in studying ChatGTP's accuracy. And after seeing the results of this most recent study, he and other researchers noted answers the chatbot came up with, while accurate, were more vague than the answers provided by the National Cancer Institute.

That had them concerned about whether patients could interpret the answers as being less definitive than they are. Because of this, Johnson said they would not recommend using ChatGPT as a resource.

He also said it's likely ChatGPT would not be as accurate when asked about less-common cancer myths.

"I do think that we have to continually monitor this new information environment that includes these AI chatbots … because there's a potential risk that it starts producing misinformation at some point," Johnson said.

He said things could change, too. The study was completed when ChatGPT was only a few days old, and there have since been multiple updates.

"I have concerns, where things are evolving so quickly in this space, that although it looks accurate right now, it may not be accurate in the future," Johnson said.

He said cancer patients look for alternative treatments because they want to have control, have autonomy over their medical care, actively participate in their care, and because of fear of side effects from treatment.

"There's no guarantees in cancer care, and some people want certainty. … They will often choose false certainties in the face of known uncertainties," Johnson said.

He said doctors can work to improve trust to help with this, spending more time with patients and communicating better. He said if doctors establish common goals with their patients, often to cure the cancer and reduce pain, then they can build trust.

Johnson splits his time between research and caring for patients directly. He said research allows for population-based changes, but as a physician he makes positive changes for individuals.

He encouraged patients to talk with their physicians about their questions and go to well-established websites for information, like the website for the Huntsman Cancer Institute or the National Cancer Institute.

"I think, a lot of times, patients have some fear that they might be judged by their physician or that their questions might be stupid, but that's rarely the case. Most physicians are very interested to know what patients are thinking about, and they want to help patients make the best decisions possible," he said.

Johnson said he is optimistic that AI could provide a way for cancer communication experts, doctors and organizations to help answer patients' questions accurately.

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Emily Ashcraft joined KSL.com as a reporter in 2021. She covers courts and legal affairs, as well as health, faith and religion news.

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