A Narrative Report in On-The-Job Training

In partial fulfillment of the requirements for the

Degree of Bachelor of Science in Accounting Technology

Presented to the Faculty of the

College of Arts and Sciences
Cagayan State University
Sanchez Mira, Cagayan

By:

Leah Jane C. Pascua

August 4, 2017
 PREFACE

With the combined efforts of education, experience and time, we were molded into a

maturity. Education has made us wiser, more knowledgeable and more aware of our choices and

priorities. Experience has made us stronger, more persevered, and more responsible in our

actions. And with time, we learned to perfect things within ourselves. On-the job training is an

important way in which we acquire relevant knowledge and skills through exposure in an actual

work setting, to the processes, and work tasks. It is a way for us to apply and totally developed

all the skills, aptitudes, talents, thoughts, strategies, techniques, and wits that we had gained from

school. Thy book holds many stories wrapped tightly in itself. It expresses the experiences and

involvements of the trainee in her stay at Land Bank of the Philippines-Sanchez Mira and Rural

Bank of Sanchez Mira (Cagayan) Inc.

 ACKNOWLEDGEMENT

The trainee would like to thank God, who made everything possible within her

reach, for giving her strength every day, for the guidance and good health, for the graces

and blessings that helped her to perform her task as part of her OJT. To her family who

supported her every step of the way, most especially financially, for their guidance,

concern and understanding and love and care that strongly encourage her in the

fulfillment of the desired task. To the College Dean, Mr. Pepito George Sacramed and

OJT Coordinator, Mrs. Kaina Mae S. Labasan, for helping her to find a company for her

OJT. Your guidance will help her achieve her aspirations as the author go along with her

journey in life, thank you.

Furthermore, the trainee would like to acknowledge with much appreciation to

Mrs. Marichu Dagdagan, branch manager of the Land Bank of the Philippines-Sanchez

Mira as well as with Mr. Rafael Pulido, manager of the Rural Bank of Sanchez Mira

(Cagayan) Inc. who gave the permission and chance for her to be trained in their

establishment and for providing all necessary knowledge that will be useful in the future.
 INTRODUCTION

On-the-Job Training is part of the college curriculum that aims to train and orient trainee

to their chosen field of specialization, the opportunities to go through the actual methodology of

a specific job that helps the trainee to build and enhance confidence in interacting to people and

become more familiar to the happening in an organization and to apply gained new skills in the

future.

What the students learned in OJT, even little things, can be applied when they are already

working. Trainees will be trained not only academically but socially as well. Working with the

experienced staff, one will be able to observe how the job is done properly. It is not only

important to teach students regarding their chosen career but also to show students the reality

about working.

OJT is one of the challenging part of studying in college because this is an opportunity

where you can apply all the things that you have learned from school and thus will help you to

acquire knowledge and skills that will serve as a tool to face the challenges of life in the future.
 HISTORY

LANDBANK was established on August 8, 1963 as part of the Agricultural Land Reform

Code as part of a program of land reform in the Philippines. It was to help with the purchase of

agricultural estates for division and resale to small landholders and the purchase of land by the

agricultural lessee. In 1965, LANDBANK's by-laws were approved and its first board of

trustees was formed, with the Secretary of Finance as Chairman.

On October 21, 1972, Presidential Decree No. 27, signed by President Ferdinand Marcos,

emancipated all tenant farmers working on private agricultural lands devoted to rice and corn,

whether working on a landed estate or not. The system was implemented through a system

of sharecropping or lease-tenancy. LANDBANK was tasked to collect 15-year

land amortizations from beneficiaries at the cost of the value of the land plus six percent interest

per annum.

By 1973, LANDBANK was in financial distress. It lacked the resources and the capital

needed to implement the land reform programs and lacked the structure to implement the
programs efficiently. On July 21, Marcos signed Presidential Decree No. 251 which revitalized

the bank. The decree granted LANDBANK a universal banking license (the first bank in the

Philippines to be issued such a license) with a social mission to spur countryside development.

The decree expanded LANDBANK's powers to include lending for agricultural, industrial,

homebuilding and home-financing projects and other productive enterprises, as well as lending

to farmers' cooperatives and associations to facilitate production, marketing of crops and

acquisition of essential commodities. LANDBANK was also required by the decree to provide

timely and adequate support in all phases involved in the execution of agrarian reform and also

increased its authorized capital to 3 billion pesos. It also became exempted from all national,

provincial, city and municipal taxes and assessments.

LANDBANK was reorganized in 1977 when it was divided into three sectors to better assess the

needs of its customers. It was divided into Agrarian, Banking and Operations sectors to

strengthen operations and ensure long-term viability.

In 1982, the Agricultural Credit Administration (ACA), established under the same law

as Landbank, was abolished and all its assets and functions transferred to Landbank. ACA's

function was to extend credit to small farmers. Also in this year, Union Bank of the

Philippines (UnionBank) was formed, with LANDBANK having a 40-percent stake in the

government-owned commercial bank.

LANDBANK became the financial intermediary for the Comprehensive Agrarian Reform

Program (CARP) in 1988. It was also in that year that Union Bank started a gradual

privatization. The Aboitiz Group of Companies acquired Land bank's 40% share of Union Bank

then which it continues to own. LANDBANK also became the third member of Express net,

an interbank network in December 1991 but now a Bank Net member.

On February 23, 1995, land bank's charter was once again amended. Its authorized capital was

increased to nine billion pesos and it became an official government depository. The number of

members of the board of trustees was also increased to nine. On August 25, 1998, Land bank's

authorized capital was once again increased to 25 billion pesos, and it then increased to 200

billion pesos, after the DBP-LANDBANK merger in 2016. The Land Bank of the Philippines is

a government financial institution that strikes a balance in fulfilling its social mandate of

promoting countryside development while remaining financially viable.

This dual function makes LANDBANK unique. The profits derived from its commercial

banking operations are used to finance the Bank's developmental programs and initiatives.

Over the years, LANDBANK has successfully managed this tough balancing act as

evidenced by the continued expansion of its loan portfolio in favor of its priority sectors: the

farmers and fisherfolk, small and medium enterprises and microenterprises, livelihood loans and

agribusiness, agri-infrastructure and other agri- and environment-related projects, socialized

housing, schools and hospitals.

Today, landbank is by far the largest formal credit institution in the rural areas. Its credit

delivery system is able to penetrate a substantial percentage of the country's total number of

municipalities.Landbank also ranks among the top five commercial banks in the country in terms

of deposits, assets, loans and capital.

 VISION

By 2018, LANDBANK will be the top universal bank that promotes inclusive growth and
improves the quality of life especially in the countryside through the delivery of innovative
financial and other services in all provinces, cities and municipalities.

MISSION

To Our Clients and Publics:

 We will use the best technology solutions to deliver responsive financial and support services to
our clients, while promoting sustainable development, and environmental protection.

To Our Employees:

 We will develop and nurture talents that will exemplify the highest standards of ethics and
excellence consistent with the best in the world.
 NARRATIVE

On the 5th day of June, I started working as an On-the-Job Trainee at Land Bank of the

Philippines-Sanchez Mira. The Branch Manager, Mrs. Marichu Dagdagan, oriented me about the

environment I am going to face in the organization. She also asked me about my expectations

about many things.

I was assigned in the New Accounts Departments wherein I communicated and assisted

clients when they needed assistance on filling up forms in opening or updating their accounts.

But on this day, I was just only observing what my supervisor is doing and do what she asks me

to do. On my second day, I was able to do what I have observed.

In the morning, the first thing I do was to examine all the BIR returns of the previous day

by separating those rejected, and to write the name and date of the transactions of the rejected
 ones. After these, I give them to the manager for approval. The last thing I do at the end of the

day was to sort those miscellaneous transactions-BIR returns, PHIC, BTR and SSS collections.

Also, I do the balancing and printing of the PHIC transactions.

I was once told to do the encoding of the collection and bank reconciliation of BIR on the

system which my supervisor told me that this was extremely critical because when I commit one

mistake I will be given a penalty.

I also do filing, photocopying, receiving phone calls, counting money, making forms for

the new accounts and other simple things to do.

 And when the time comes that I do not have much things to do, I help my co-trainees in

what they are doing.

HISTORY

In July 6 1971, the RURAL BANK OF SANCHEZ MIRA (CAGAYAN).INC. was

established its incorporators were Mr. Maximo M. Pulido, Mrs, Milagros V. Pulido, Mr. Danilo

V. Pulido, Dr. Herman C. Asanias, Atty. Alejandro A. Pulido, Mrs. Editha M. Pulido, Mr.

Agustin A. Urnos and Mrs. Remedios A. Cacatian.

The Incorporators got the opportunity to put up a Rural Bank because there was none in

existence at the time in the community. The Bank was registered with Securities and Exchange

Commission in Nov. 25, 1971 with SEC Registration No. 45926 and began its operation in

March16, 1972 with an authorized capital stock of P1,000,000.00 and paid up common stock of

P100,000.00 Mr. Maximo M. Pulido, the founder was its first chairman, President and Manager.
 Initially, the bank engaged in the business of extending rural credit to small farmers and

tenants and to rural industries or enterprises, But as years went by, several financial services

where added like deposit services such as regular savings deposit, time deposits, and gold

savings deposit. It also offered a diversified loan portfolio to cater the financial needs for

agricultural sector, business enterprises, industrial ventures and clean loans to government and

private employees. As the bank continued with its operation, the number of stockholders

increased; Mrs. Paz Agdamag, Mr. Victor Agdamag, Mr. Ignacio Jao Tayag, and Mr. eulalio

Pangilinan were the stockholders who put their trust and joined the bank. Moreover, in 1989, the

stockholders and employees reaped what they sow, for the Rural Bank of Sanchez Mira

(Cagayan), Incorporated has been awarded as the Most Outstanding Rural Bank of the

Philippines. The bank also tripled its capital stock in March 23, 1992. All of the common stock

has been fully subscribed and paid-up while the preferred shares remained at a paid-up capital of

P100,000.00.

Upon the death of the Bank’s President and founder, Mr. Maximo Pulido in 1997, Mrs.

Milagros Pulido took his place and become as the new Chairman, President and Manager of the

bank. During her incumbency, the authorized capital quintupled, having a quadruple increase on

the common shares and preferred stock.

In 1999 up to present, the number of stockholders heightened. The stockholders were

Mrs. Dahlia Pulido, Mrs. Rebecca Pobre, Mrs. Angeles Agdamag, the family of Pangilinan, Mr.

Perico Jao, Mr. Rodolfo Jao and many more.

In2007, Milagros Pulido passed away, thus Mr. Danilo Pulido took her place.

Furthermore, in 2008, Mr. Danilo Pulido chairs the five-member Board of Directors and Mr.
Ricky Mario Pulido became as the new president and Rafael Pulido as the manager. The two

Independent Directors were Atty. Michael Angelo Abaya and Mrs. Angelica Frances Roberto.

All Directors have attended the seminar on Corporate Governance and Risk Management.

Moreover, in 2009, Atty. Alejandro Pulido became the new chairman of the Board eit Mr. Emilio

Pulido as the President and Mr. Rafael Pulido as the Manager

In 2011, due to the appointment of Mr. Emilio Pulido with the Philippine Deposit Insurance

Corporation, Mrs. Emilie Pulido was elected as President of the bank.

Currently, the new Chairman of the Board is Dr. Michael Asanias, the new President is

Mr. Alejandro Pulido, Jr., the two new Independent Directors are Mrs. Virginia Pacris and Mr.

Carlo Cachapero.

At present, the bank in its majestic edifice at the heart of the town of Sanchez Mira,

stands still continuing its mission to provide sufficient financial assistance to support economic

growth in the community and stays vigilant in the realization of its vision of providing quality

banking services and obtaining sustained and competitive return on investments toward

economic development of the countryside to improve rural economy.

VISION

The Bank aimsto utilize its financial resources in providing quality banking

services,adopting a market driven strategy, andobtaining sustained and competitive return on

investments toward economic development of the countryside to improve rural economy.

 MISSION

To serve as a dependable provider of credit and other value-added financial services to

support economic growth in the community through the development of farmers and local

economies by way of prudent investmentsthat support theagricultural sector and rural businesses.

NARRATIVE

I was very excited and somewhat nervous because of another new environment

and people whom I will work with. I adjusted myself with the personalities and attitudes of the

employees and my co-trainee.

On my first day, the first task given to me was posting released loans on a ledger.

Ledger for every borrower is being provided by the bank, accounts of the borrower, current

status, amount of loans, and also repayments. The purpose of this is to have easier access

whenever loan balances are concerned. Also, this serves as a back-up whenever there is a system

failure.
 I also prepared proof sheet of the past transactions of the bank by first making debit and

credit tickets of the respective transaction and next, input the data on the proof sheet for the

respective date of transaction. The proof sheet is like the trial balance wherein accounts are

enumerated. Then after achieving balance transaction, accounts are posted on the checking

balance to ensure the balance on the velocity (system) and the weekly statement of condition.

Lastly, after ensuring the amount posted on each account, the bookkeeper’s proof sheet will be

printed and attached on the tickets.

 As part of the monitoring assessment tool on the audit process of the Internal Auditor, I

was tasked to encode the monitoring assessment for Board Resolution. This monitoring tool

helps gauge or monitor the evaluation of each implemental Board Resolutions approved by the

Board of Directors of the Bank during regular and special meetings.

I also helped in interviewing New Accounts clients and assisted them in filling up the

form correctly.

I was also the one assigned to encode the customer information of the Open Accounts.

I also do filing signature card whether they are active, dormant or closed accounts.

I was also allowed to manipulate the photocopying machine so that whenever the

employees needed a copy, they’ll just ask me to make one for them.

PROBLEMS ENCOUNTERED

I needed to adjust with the environment because it’s my first time to work with

professionals. I committed errors too during my OJT and since it’s my first time, I just thought it

was normal. I also encountered hot tempered clients but as usual I always manage to be kind.

VALUES LEARNED

I learned some values in staying at LBP-SM and RB-SM. First is punctuality. I learned

that there’s a big effect of being late and being on time. It reflects to you as a person. You should

be time-bounded. Politeness, you should know how to respect your superior and clients by

addressing them Ma’am/Sir. Integrity, be fair because doing what is right without special

treatment takes a big role in gaining customer loyalty. There are instances wherein clients are not

following their given customer numbers. Confidentiality, what have been heard or seen will be
left in the entity. Lastly, Teamwork, you should always cooperate and work as one on a given

task.

SKILLS LEARNED

I learned a lot in more than two months of training, it may not be merely about accounting

subjects but it’s really about office works. I also improved my social communication skills because I

always interact not only to clients but also to those professionals that were employed to the

establishment where I had the job training. I also enhanced my skill in doing simple things like

filing, sorting, photocopying, encoding, etc.

CONCLUSIONS

Being an OJT is one of my unforgettable experiences as a student. I am very thankful to

both entities because they contributed their knowledge and skills to me. It was very warm to the

heart to know that you have accomplished something and even warmer when there are people

who are so proud of what you have done. It inspired me to be more determined and competitive

in everything that I do in my daily life as a student today and as a professional someday.

RECOMMENDATION

I recommend both LBP and RB as a training ground for the next trainee because it is

where they will experience the real field of work.

 I also recommend to those upcoming students to be ready because this is the most

unforgettable experience and the most exciting moment in the college life.