Practical Training Assessment ICAI Complete Details | PT TEST | Summary and Q&A

TL;DR

A comprehensive overview of the practical training assessment for chartered accountancy students, including eligibility, registration, exam details, and more.

Key Insights

• 🉐 The practical training assessment evaluates the practical knowledge gained during articleship.
• 🧑‍🎓 Students completing their first year of articleship before April 2008 are exempt.
• 🥹 The exam is held every quarter, following a specific schedule.
• ❓ The assessment consists of compulsory and optional subjects.
• ❎ There is no negative marking in the exam.
• 💯 The grading system is based on the percentage scored.
• 🧑‍🎓 Students have the opportunity to improve their grades by reappearing for the exam.

Transcript

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Questions & Answers

Q: What is the purpose of the practical training assessment?

The assessment is conducted to evaluate the practical knowledge acquired by students during their articleship and its applicability in real-life scenarios.

Q: When do students have to appear for the practical training assessment?

Students need to appear for the exam after completing their articleship, typically in subsequent quarters as per the schedule.

Q: How are the exam modules divided?

The modules are divided into compulsory and optional subjects. Compulsory subjects include accounting and auditing, while optional subjects include subjects like corporate laws.

Q: Is there negative marking in the exam?

No, there is no negative marking in the practical training assessment.

Summary & Key Takeaways

• Practical training assessment is a test conducted to assess students' practical knowledge gained during their articleship.

• Students who completed their first year of articleship before April 2008 are exempt from the exam.

• The exam is held every quarter, and students completing articleship after April 2008 need to appear for it.