Professional Documents
Culture Documents
A NARRATIVE REPORT
Presented to:
By
LAICA N. MARTICIO
2023
ISABELA STATE UNIVERSITY
VISION, MISSION, COLLEGE GOAL AND OBJECTIVES
OF THE MANAGEMENT ACCOUNTING PROGRAM
VISION
A leading Research University in the ASEAN Region.
MISSION
The Isabela State University is committed to develop globally competitive human,
technological resources and services through quality instruction, innovative research,
responsive community engagement and viable resource management programs for
inclusive growth and sustainable development.
COLLEGE GOAL
The College aims to equip its students with the necessary conceptual, human and
technical knowledge, and skill and competence in different fields of specialization in
preparation for their complex functions as responsible professional practitioners, and
responsible citizens in the world of work.
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Republic of the Philippines
ISABELA STATE UNIVERSITY
ECHAGUE, ISABELA
APPROVAL SHEET
________________
Date
Accepted and approved in partial fulfillment of the requirements for the degree in
BACHELOR OF SCIENCE IN MANAGEMENT ACCOUNTING.
Approved by:
EVA U. CAMMAYO, Ph.D., CPA
Dean, College of Business, Accountancy
and Public Administration
Recorded by:
MELODY E. LIM, MMBM
College Secretary
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ACKNOWLEDGEMENT
The trainee has the deepest gratitude for the Almighty God for His guidance, care,
and wisdom that have been bestowed upon her throughout her life and education. She is
also thankful for his graciousness towards her in completing this training.
She also wants to express her gratitude for the great guidance and assistance they
received from their OJT Coordinator, Mrs. Cristy T. Acheta, MSA, CPA. Thanks to her
advice and encouragement, the training was successfully completed.
The trainee would like to express her profound gratitude to everyone, especially
her parents, who contributed and selflessly gave their time, effort, and support,
encouraged her, and helped make this endeavor a reality for the successful completion of
this report.
The Trainee
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EXECUTIVE SUMMARY
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TABLE OF CONTENTS
Page No.
TITLE PAGE i
VISION, MISSION, COLLEGE GOAL AND OBJECTIVES ii
APPROVAL SHEET iii
ACKNOWLEDGEMENT iv
EXECUTIVE SUMMARY v
TABLE OF CONTENTS vi
CHAPTER I. THE TRAINING PROGRAM
A. Importance of the Training
APPENDICES
Appendix A. Curriculum Vitae
Appendix B. Endorsement Letter
Appendix C. Parent’s Waiver and Consent and Student’s Pledge
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Appendix D. Memorandum of Agreement
Appendix E. Certification of Completion
Appendix F. Certification of English Critic
Appendix G. Evaluation Sheet by the OJT to the Agency and
Performance
Evaluation Form
Appendix H. Daily Time Record
Appendix I. Weekly Accomplishment Report Form
Appendix J. Company Location Map
Appendix K. OJT Photos
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CHAPTER I
THE TRAINING PROGRAM
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C. Time and Place of the Training
The JTM Bookkeeping and Accounting Services that the trainee worked
with was located at San Fermin, Cauayan City, Isabela. The trainee started her
official training on March 22, 2023 and completed her 400 hours requirement on
June 10, 2023. The trainee was required to report regularly at 8 o’clock in the
morning until 5 o’clock in the afternoon with one hour break from 12 o’clock to 1
o’clock noon time. The trainee was allowed to render overtime if the trainee wish
to.
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f. The OJT Coordinator shall be allowed to visit the OJT student in the
Host Training Establishment for the purpose of coordinating and
evaluating the progress of the student’s performance in the OJT
program.
g. The host training establishment shall require and monitor the daily
attendance of the OJT student.
h. The host training establishment shall provide guidance, data, and
technical information on the re-entry plan of the OJT student.
i. The host training establishment shall impart theoretical as well as
experimental learning to the students; expose them to the various
facets of business operations relevant to the objectives of the program;
and participate in the final evaluation of the OJT students’
performance.
j. The OJT student will submit a narrative report for the training as a
requirement for graduation.
k. This agreement may be discontinued at any time by either of the
parties if in its judgment the welfare of either party is prejudiced.
However, prior notice will be required for such action in the
discontinuance of the training.
All works and other pertinent jobs executed by the trainee were all in
accordance with these guidelines as provided by the said Memorandum of
Agreement. Full text of this Memorandum of Agreement bearing the signature of
the parties is presented on the appendices.
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CHAPTER II
COMPANY PROFILE
Vision
To be the trusted partner for exceptional bookkeeping and accounting
services, leveraging technology and industry expertise to streamline financial
operations and contribute to client growth.
Mission
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To provide reliable, accurate, and efficient financial management
solutions, supporting businesses in maintaining their records, optimizing
processes, and making informed decisions.
Current Current
Certified Bookkeeper Accounting & Tax Practitioner
Tax Consultant Business Consultant
Former System Implementer
Operations Supervisor Resources Speaker/Lecturer
Auditor Former
HR Officer BIR Audit Examiner
Compliance Officer CPA Reviewer
Accounting Professor
CPA Sector Experience
Government
Public Practice
Academe
Private Practice
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CHAPTER III
OPERATIONAL ASPECTS
By fulfilling these functions and duties, the trainee not only gained practical
experience in the field of bookkeeping and accounting but also contributed to the
overall operations and success of JTM Bookkeeping and Accounting Services.
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Week 2, March 27 – 31, 2023
They have a lot of clients, therefore their first responsibility for this week
is to set up an email account for each of them and register it with the BIR AFS
eSubmission system. They create a video tutorial showing VAT taxpayers how to
record transactions in the sales journal. Making this video was done with the
intention of letting current or future customers contact them. They finally
complete the lecture or video tutorial after several days. The last thing they did
this week was present their audit plan and procedures to one of their clients in
Cauayan City, Isabela. Three of them completed the reporting portion, and she
took minutes of the meeting. She enumerated the crucial points that were raised
throughout the meeting. For the interns, it was a successful presentation, and their
supervisor gave them credit for it.
She continued to formalize the minutes of the meeting she had noted down
the previous week so that they could be submitted to their client and supervisor.
Due to the impending filing deadline, the interns create financial statements for
their clients to be attached to their annual income tax returns. They also prepared
a video presentation on how to fill out a cash receipt.
They continued editing the video presentation this week because they ran
out of time the previous week and couldn't finish the presentation in sales journal
and sales invoice. She was asked to handle the client's payment requests, collect
the money, and deliver some paperwork for their signature. She went to SM
Cauayan City, Isabela, for the BIR stamp together with her co-trainee. They
recorded their own voices to describe the entire process after the video
presentation for documenting transactions in books of accounts and added it to the
video.
They were shown how to utilize the BIR Excel Uploader by their
supervisor, who also provided us with a BIR form to fill out. For their clients,
they also create a financial statement to be included with their annual income tax
return. Also, she gathered the client's information for the 1st quarter's sales and
purchases.
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They headed BIR Naguilian this week with their co-trainee and supervisor
to file tax returns for their clients. She lines up at the cash register. They change
their own agency address and register one of their clients' firms. They had so
many errands to do in BIR that by the time they depart, it is almost six o'clock.
The following day, she traveled to Victory Liner in Cauayan City, Isabela, to pick
up the paperwork their customer had sent. After paying the client's bill at the
PhilHealth office, she went to Asia United Bank to make the Pag-Ibig
contribution. She also went to the hospital to hand over her journal to their client.
During the week, a significant focus was placed on the combined cash journal
presentation and video instruction. This involved continuing the development of a
comprehensive presentation and video tutorial on the topic. The aim was to provide clear
instructions and guidance to both the client and their customers regarding the process of
providing receipts. Through this task, we enhanced our ability to produce engaging and
informative content for presentations and video tutorials. In addition, we entered the sales
transactions for the client into their columnar book. This required meticulous attention to
detail and accuracy in documenting the financial transactions. By consistently practicing
this task, we further developed our skills in accurately recording and documenting
financial information. A notable achievement during the week was the creation of a video
instruction and presentation specifically focused on completing official non-VAT
receipts. This endeavor allowed us to expand our knowledge and proficiency in filling out
these types of receipts, while also enhancing our ability to create compelling and
instructive content for presentations and video tutorials. Overall, the weekly tasks
provided valuable opportunities for professional development. We honed our skills in
producing interesting and instructive content, expanded our knowledge in specific areas
such as filling out non-VAT receipts, and further developed our ability to accurately
document financial transactions. These experiences contribute to our overall growth as
professionals and enable us to provide effective support and guidance to our clients.
Throughout the week, our primary focus was on auditing the sales of our
clients and examining the presence of official receipts. This involved conducting a
thorough examination and summary of sales data spanning a four-year period as
part of the ongoing audit process. Our goal was to ensure compliance with
regulations and identify any potential irregularities or discrepancies. To facilitate
the audit, we utilized the Ulapbiz system, a software solution developed by
RadzTech Business Solution, to record clients' cash disbursements. This system
streamlined the process and allowed us to efficiently manage and analyze
financial data, enhancing our data management skills and attention to detail.
Engaging in these tasks provided us with valuable real-world experience, enabling
us to apply various techniques and procedures to enhance our auditing abilities
and skills. The continual operation of the audit allowed us to gain hands-on
experience in evaluating sales data, verifying the presence of official receipts, and
ensuring accuracy in financial records. Throughout the week, we also acquired
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useful technical skills and developed a careful attention to detail. Our data
management skills were honed, allowing us to effectively handle and analyze
large volumes of sales data. Additionally, problem-solving skills were
strengthened as we encountered and resolved challenges during the audit process.
In summary, the weekly tasks revolved around auditing the clients' sales and
examining the presence of official receipts. This involved a thorough examination
and summary of sales data, utilizing the Ulapbiz system for efficient recording
and data management. Through these activities, we gained practical experience,
improved our auditing abilities, and acquired valuable technical skills, attention to
detail, data management skills, and problem-solving skills. These experiences
contribute to our professional growth and ensure our ability to provide accurate
and reliable auditing services to our clients.
The main focus of our weekly tasks was to continue auditing client
expenditures. Throughout the week, we engaged in various activities that
provided us with valuable real-world experience and allowed us to improve our
auditing abilities and skills. By applying different techniques and procedures, we
gained hands-on experience in examining and analyzing client expenditures.
These tasks involved thorough scrutiny of financial records, verification of
transactions, and identification of any discrepancies or irregularities. Through this
process, we enhanced our attention to detail, critical thinking abilities, and
problem-solving skills. Engaging in these auditing tasks provided us with
practical experience and allowed us to become more proficient in using
techniques and procedures relevant to our field. By encountering different
scenarios and challenges, we further refined our auditing abilities, ensuring
accuracy and compliance in financial reporting. , the weekly tasks allowed us to
gain actual events experience and improve our auditing abilities and skills. By
applying various techniques and procedures, we honed our expertise in auditing
client expenditures and enhanced our ability to provide reliable and accurate
financial assessments. These experiences contribute to our professional growth
and ensure our effectiveness in delivering high-quality auditing services to our
clients
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were obtained. Continuing our audit process, we thoroughly examined the client's
general ledgers, ensuring proper documentation and validation of financial
transactions. This provided us with valuable hands-on experience in evaluating
financial transactions and verifying account balances. The team's dedication to
enhancing our auditing abilities and skills was evident throughout the week. We
actively engaged in reconciling the client's financial statements and general
ledgers, gaining practical experience using various techniques and procedures.
This hands-on approach allowed us to sharpen our auditing skills and improve our
ability to identify discrepancies and ensure accuracy in financial reporting.
In summary, the weekly tasks primarily focused on conducting the audit,
including auditing fixed assets, examining general ledgers, and reconciling
financial statements. The team also gained valuable experience in handling client
documents, evaluating financial transactions, and using auditing techniques and
procedures. These activities contribute to our ongoing professional development
and ensure our ability to provide high-quality auditing services to our clients.
This week's report highlights the progress made in the ongoing audit
process and the completion of important administrative tasks. The focus remained
on reconciling the general ledgers and financial statements of the customer, with
the trainee actively involved in preparing the client's trial balance and balance
sheet. These activities contributed to a comprehensive understanding of the
client's financial position and ensured the accuracy of their financial records. In
addition to the audit tasks, we visited a law office to notarize the necessary
documents, ensuring their legal validity and compliance. Furthermore, a visit to
the Bureau of Internal Revenue (BIR) was made to amend the client's civil status
and update their Registered Office (RDO). This process required a thorough
understanding of the procedures and paperwork involved in facilitating such
changes for clients. The week's activities provided valuable real-world
experience, allowing us to apply various techniques and procedures to enhance
our auditing abilities and skills. By directly participating in the audit process, we
gained practical knowledge and learned how to effectively implement strategies to
improve our auditing practices. Overall, the weekly report showcases the team's
dedication to conducting a thorough audit, while also demonstrating proficiency
in administrative tasks related to legal notarization and government compliance.
The acquired experience and skills contribute to our continuous professional
development, ensuring that we remain well-equipped to handle complex auditing
tasks and deliver high-quality services to our clients
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prompted the student to work diligently on the client's income statement. Furthermore, a
visit to the printing press resulted in the collection of printed receipts for a client.
Expressing gratitude for the opportunity to learn and the guidance provided, the team
thanked their supervisors as it was their final day. This week also provided valuable
practical experience in handling money. The weekly report emphasizes the acquisition of
real-world experience in improving auditing abilities and skills through the application of
various strategies and procedures. Effective communication skills were developed,
enabling clear and professional expression of ideas, while attentively listening to the
needs of clients. Overall, the week was productive, with accomplishments in delivering
documents, collecting payments, and advancing the audit process. The experiences
gained contributed to the growth of skills, both in auditing and communication, laying a
strong foundation for future professional endeavors.
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CHAPTER IV
SELF – ASSESSMENT
The trainee gained a lot of knowledge and skills on the whole duration of
the training because the training provided sufficient knowledge and skills
important to daily work, necessary to become competitive in the workplace. The
trainee learned and experienced a lot scenario especially when it comes to
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CHAPTER V
CONCLUSIONS AND RECOMMENDATIONS
A. Conclusions
The trainee's on-the-job training (OJT) experience has been a priceless
chance to advance her professional development overall and her knowledge and
abilities. She was able to immerse herself in a real-world workplace during the
training time, obtaining hands-on experience and improving her understanding of
this industry.
The hands-on learning experience was one of the main advantages of the
on-the-job training. The trainee was able to put the theoretical knowledge she
learned in the classroom to use by actively participating in a wide range of tasks
and projects. As a result, she was able to bridge the gap between theory and
practice and gain firsthand experience with how ideas and principles are put into
practice in actual work environments.
The trainee also had the opportunity to work with experienced
professionals in the field. Her development was greatly supported by their advice,
mentoring, and criticism. She had the chance to witness how they worked, absorb
their cognitive abilities for advice, and gain knowledge of the best techniques
used in the field. She received guidance and mentoring that aided in both her
professional and personal development in addition to helping her enhance her
technical abilities.
Furthermore, the trainee was enabled to develop essential workplace skills
such as teamwork, communication, time management, and problem-solving.
Collaborating with colleagues and being a part of a professional team taught her
the importance of effective communication and collaboration to achieve common
goals. These skills are invaluable and will continue to benefit her in her future
endeavors.
Overall, the OJT experience has been a transformative journey that has
equipped the trainee with the necessary skills, knowledge, and confidence to
succeed in her chosen career path. It has provided her with a solid foundation and
a springboard for her future professional endeavors. She is grateful for the
opportunities, experiences, and lessons she gained during this training, and she is
excited to leverage them as she moves forward in her career.
B. Recommendations
The following recommendations, which focused on the internship
program, include three aspects: the trainees, the university, and the cooperating
agency
The Trainees
The trainee must be dedicated to completing the task effectively and
efficiently.
The trainees must follow the guidelines set forth by the cooperating
agency.
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The trainee should arrive at work on time, constantly, and with no absence
as much as possible.
The trainees have to attire and groom appropriately.
The trainees ought to feel free to ask the concerned supervisor or anyone
else for clarification if it is needed regarding the task assigned.
The trainee should take criticism constructively and learn from their
mistakes.
The University
In order to avoid assigning trainees with tasks that are not necessary to
improving their knowledge and skills, the university must coordinate with
the cooperating agency and agree to the specific work or tasks that will be
assigned to them.
The coordinator must visit the trainee at least twice at the respective
agencies.
Longer training periods to give the trainee a greater opportunity to learn,
develop, and improve their capability.
The Cooperating Agency
The cooperating agency should provide the trainees with a formal
orientation program so they can learn about their business practices and
how their activities are carried out.
The cooperating agency should give the trainees a formal orientation
program to be able to understand their operations and how they undertake
their activities.
The cooperating agency must evaluate the trainee's performance and
provide feedback or suggestions for improvement.
The cooperating agency's staff should refrain from speaking or acting in a
way that would lower the trainee's beings.
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