FAR EASTERN UNIVERSITY

Institute of Accounts, Business and Finance

STUDENT’S JOURNAL

Name: Maxene Joi A. Pigtain Name of Company: Securities and Exchange Commission

Degree or Program: Accountancy Department: Institute of Accounts, Business and Finance

Instructions: Describe briefly the tasks performed during the day. State the nature of work
performed, lessons learned, challenges hurdled and other insights.

FIRST WEEK (August 29 - September 1)

TASKS PERFORMED • Conducted Orientation

• Introduced to the division head and
colleagues
• Assisted Analytics Division in sorting out a
general information sheet, annual financial
statements, etc.
• Performed the initial quality assurance on the
potential top 1000 companies

RELATED/REQUIRED • Communication Skills

SKILLS • Analytical Skills
• Organizational Skills

PERSONAL INSIGHTS We had an overview on how the organization

functions as a whole and on a department level. We
were introduced to lots of people, and we were able
to harness our way of communicating. Regarding the
initial quality assurance, we were new to the task so
we were still adjusting and had a lot of questions
about it.

STUDENT’S ADVISER’S SIGNATURE: ADVISER’S

SIGNATURE: REMARKS:

SECOND WEEK (September 4 - 8)

TASKS PERFORMED • Did quality assurance on the data entailed

about the top 1000 companies in the
Philippines
RELATED/REQUIRED • Analytical Skills
SKILLS • Critical thinking

PERSONAL INSIGHTS When it comes to the initial quality assurance,

thoroughness and attention to detail should be given
importance to achieve accurate, consistent, and
reliable information.

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THIRD WEEK (September 11 - 15)

TASKS PERFORMED • Assessed the Annual financial statements of

the top 1000 companies and created a
document that encompasses their respective
Profit, Assets, Liabilities, and Equity (PALE)
• Conducted foreign exchange computations
for the PALE

RELATED/REQUIRED • Analytical Skills

SKILLS • Attention to Detail
• Basic Accounting knowledge
• Basic Microsoft Excel knowledge
• Basic Foreign Exchange knowledge

PERSONAL INSIGHTS Working on the financial statements of top

companies, we observed that we improved
our ability to analyze data, pay attention to
details, and better understand accounting
concepts related to PALE.

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FOURTH WEEK (September 18 - 22)

TASKS PERFORMED • Assessed the Annual financial statements of

the top 1000 companies and created a
document that encompasses their respective
Profit, Assets, Liabilities, and Equity (PALE)
• Conducted foreign exchange computations
for the PALE
• Assisted in the data preparation of the Money
Services Business as per BSP request
RELATED/REQUIRED • Analytical Skills
SKILLS • Attention to Detail
• Basic Accounting knowledge
• Basic Microsoft Excel knowledge
• Basic foreign Exchange knowledge

PERSONAL INSIGHTS Working consistently on the same tasks felt repetitive,

but over time, we foster a deep understanding,
mastery, and skill refinement in assessing PALE.

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FIFTH WEEK (September 25 - 29)

TASKS PERFORMED • Conduct consistency-checking of uploaded

AFS to the shared drive
• Encoding of data covering 98 selected Gross
Revenue Accounts

RELATED/REQUIRED • Analytical Skills

SKILLS • Attention to Detail
• Basic Accounting knowledge
• Basic Microsoft Excel knowledge
• Critical Thinking

PERSONAL INSIGHTS When we were encoding data covering 98 selected

Gross Revenue accounts, we were new to the task,
so we were still learning and had many questions
about how to do it.

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SIXTH WEEK (October 2 - 6)

TASKS PERFORMED • Encoded data covering 98 selected Gross

Revenue accounts.
• Attended LRID meeting for SIP Kamustahan.

RELATED/REQUIRED • Analytical skills

SKILLS • Critical thinking
• Interpersonal skills
• Active listening

PERSONAL INSIGHTS Realized how there are a lot of components that

should be taken into consideration when analyzing
gross revenue. Also, the Kamustahan event let us
 interact with our co-interns from other departments.
The guest speaker also imparted us with numerous
knowledge about the Revised Corporation Code and
Anti Money Laundering Act.

STUDENT’S ADVISER’S SIGNATURE: ADVISER’S

SIGNATURE: REMARKS:

SEVENTH WEEK (October 9 - 13)

TASKS PERFORMED • Encoded data covering 98 selected Gross

Revenue accounts.
• Downloaded General Information Sheet (GIS)
from SEC databases and uploaded them to
the shared drive.

RELATED/REQUIRED • Analytical skills

SKILLS • Critical thinking
• Attention to Detail

PERSONAL INSIGHTS While working on Gross Revenue accounts for

weeks, we observed that we have attained mastery
and a deeper understanding. Additionally, we noticed
that we have accomplished this more quickly than
before.

STUDENT’S ADVISER’S SIGNATURE: ADVISER’S

SIGNATURE: REMARKS:

EIGHT WEEK (October 16 - 20)

TASKS PERFORMED • Conducted initial quality assurance of data

covering 98 selected Gross Revenue
accounts.
• Checked the Gross Revenue based on AFS
of potential qualifiers with GFFS/SFFS filing.

RELATED/REQUIRED • Analytical skills

SKILLS • Critical thinking
• Attention to Detail

PERSONAL INSIGHTS At first, we thought that this would be easy, but it's
more time-consuming than expected because we
need to thoroughly check, correct, and add remarks
to everything. In addition, we also have been very
meticulous in checking the Gross Revenues of
potential qualifiers with GFFS/SFFS filing.
STUDENT’S ADVISER’S SIGNATURE: ADVISER’S
SIGNATURE: REMARKS:

NINTH WEEK (October 23 - 27)

TASKS PERFORMED • Conducted initial quality assurance of data

covering 98 selected Gross Revenue
accounts.
• Checked the Gross Revenue based on AFS
of potential qualifiers with GFFS/SFFS filing.
• Checked the AFS Submission Status of
potential qualifiers based on SEC Databases
(CiFSS and ODRS)

RELATED/REQUIRED • Analytical skills

SKILLS • Critical thinking
• Attention to Detail

PERSONAL INSIGHTS While conducting initial quality assurance, we

observed that typographical errors in amounts are
common mistakes in the tasks we've performed.
Additionally, we've consistently maintained a
meticulous and attentive approach while checking
other tasks.

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TENTH WEEK (October 30 - November 3)

TASKS PERFORMED • Conducted initial quality assurance on the GR

Components of potential top 1000
corporations

RELATED/REQUIRED • Attention to detail

SKILLS • Accounting knowledge
• Analytical skills

PERSONAL INSIGHTS This task helped us to be more cautious as some

numbers are transposed or entered twice. These
mistakes were crucial as the gross revenue will be
used to know a company’s rank.

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 ELEVENTH WEEK (November 6 - 10)

TASKS PERFORMED • Checking of Potential qualifiers for the Top

1000 companies (covering 98,000
corporations)

RELATED/REQUIRED • Attention to detail

SKILLS • Patience
• Time management

PERSONAL INSIGHTS This task may seem repetitive but it is vital that we
checked the listed corporations in the Philippines
to make sure we will not miss to include a qualified
corporation in the Top 1000 companies in the
Philippines. We know that we just need to look at
the bigger picture.

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TWELFTH (November 13)

TASKS PERFORMED • Checking of Potential qualifiers for the Top

1000 companies

RELATED/REQUIRED • Attention to detail

SKILLS

PERSONAL INSIGHTS At this point, we were feeling that the task was too
repetitive. However, the meeting we had gave us a
clear insight into why such a task is important. Still,
we think that there could be room for improvement in
their system of filtering.

STUDENT’S ADVISER’S SIGNATURE: ADVISER’S

SIGNATURE: REMARKS: