OJT Requirement

Republic of the Philippines
PALAWAN STATE UNIVERSITY

College of Business and Accountancy
Puerto Princesa City
AN ON-THE-JOB TRAINING
FIELD EXPERIENCE REPORT
JOHN MICHAEL DAMIAN

REYMOND PACALDO
LOUISE ANDREW SORIANO
KATHLYN MAE POSTRE
A NARRATIVE REPORT SUBMITTED TO THE FACULTY OF THE

COLLEGE OF BUSINESS AND ACCOUNTANCY,
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE DEGREE OF
BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

MAJOR IN MANAGEMENT ACCOUNTING
MAY 2017
P2015, Internship (240 hours), 3 units-
An extensive exposure to business immersions and an on-the job training that will provide
you with the understanding of practical accountancy. The 3rd year Management Accounting students
will undergo 240 hours of hands-on to experience Practicum/On –the-job training to help them
develop the necessary competencies and skills needed in this particular field.
Introduction
Internship is the highlights of a student’s whole duration of studying. It is one of the ways in
which the school can ensure that they have not only learned inside the classroom but also to
guarantee that the knowledge they have gained can also be applied. Internship is not only a way of
measuring a student’s capacity but also it can be viewed as one of the stepping stones in reaching
their future careers.
BSBA major in Management Accounting students have been studying and continuously
learning inside the four corners of their classroom, relying solely on classroom instruction in order
to have a better understanding of what they will be facing someday. In spite of the efforts that the
instructors are exerting to ensure their learning, it cannot be denied that experience is still the best
teacher. In order to remedy that problem, on-the-job trainings were included in the curriculum. OJT
is an important part of the school’s prospectus that aims to train and orient students about the work
that they would be facing in their future career. Through OJT, interns would be prepared about field
work experiences and to experience well what is like in real situations.
Exposures experienced by each and every one of the interns in Puerto Princesa City and in
the field work as well as coping with those people working inside the agency starting from the
Auditor and their respective clients were very fruitful for the development of their mental and social
capabilities as an individual and as persons.
For the part of the interns of this report, this whole OJT experience in eventful. They have
gained lots of experiences that classroom instructions cannot provide. It gave them an insight on
how life could be for those who are working in the field of public practice. Throughout the first
until the last days of the duration of their internship, the whole group can say that they have not
only learned but also enjoyed each assignment.

Office or Agency Profile
Name of Agency/Company
Domingo M. Palatino Auditing Firm
Brief History of the Company
Domingo M. Palatino Auditing firm owned by a Certified Public Accountant and an
independent auditor, Domingo M. Palatino who renders his service to multiple business enterprises
especially cooperatives. He is also a graduate of Palawan Teachers College or known as Palawan
State University and passed the licensure exam for Certified Public Accountant together with his
sister Dinah Palatino-Baluyut and called as the Pioneers of the said course. With his intelligence,
skills and experiences, he became the University Accountant of his own Alma Matter and provides
service until now. Aside from being the University Accountant, he became an Accounting Instructor
on the same university and teaches different accounting subjects.

COPY OF RECOMMENDATION LETTER
RESUME
JOHN MICHAEL L. DAMIAN
Wescom Road, Bgy. San Miguel, Puerto Princesa City, Palawan
Johndamian19@gmail.com
09959143784
OBJECTIVE To be able to find an internship wherein I can fully utilize my skills and
knowledge and further enhance them to contribute to my development as a
person; and to be able to be part of a team whose development I can
contribute as a member, in preparation for my future career.
PERSONAL Date of Birth: October 17, 1997

INFORMATIONS Age: 19
Nationality: Filipino
Gender: Male
Marital Status: Single
Permanent Address: Bgy. San Miguel, Puerto Princesa City,
Palawan
Religion: Roman Roman Catholic
EDUCATIONAL Tertiary:
BACKGROUND Bachelor of Science in Business Administration
Major in Management Accounting
Palawan State University
Tiniguiban Heights, Puerto Princesa City
June 2014 – present
Secondary:
Puerto Princesa City National Science High School
Sta. Monica Heights, Puerto Princesa City
June 2011 - March 2014
Primary:
Brooke’s Point Central Elementary School
Brooke’s point, Palawan
TRAININGS AND Taxation Seminar

SEMINARS CBA Audio Visual Hall, Palawan State University
Puerto Princesa City, Palawan
July 19, 2016
Excel Training
CBA Computer Laboratory and PSU i-Hub
July 14-16, 2014
KEY STRENGTHS Can take instructions

AND Can work in a team
COMPETENCIES Hard-working and Determined Punctual
Effective time management
AFFILIATIONS & Member

MEMBERSHIP Junior Philippine Institute of Accountants (JPIA)
Palawan State University Chapter
2014-Present
Member
National Federation of Junior Philippine Institute of
Accountants (NFJPIA)
Region IV – CALABARZON and MIMAROPA
2014-Present
CAREER Mr. Peterwille T. Chua, CPA

REFERENCES Department Head
Junior Philippines Institute of Accountants
Mrs. Daphne Tequillo Mallari, CPA

College Dean
Prof. Aristotle Go, CPA

Professor
I hereby certify that the above information is true and correct to the best of
my knowledge and belief.
JOHN MICHAEL L. DAMIAN

Applicant
REYMOND M. PACALDO
Forbes Hill, Bgy. Sta. Moncia, Puerto Princesa City, Palawan
mond.lance15@gmail.com
0977-499-2357
OBJECTIVE I commit myself to serve your company with loyalty and determination
and to be effective and efficient, utilizing the best of my abilities, talents
and knowledge in doing my task that should be assigned to me.
PERSONAL Date of Birth: May 1, 1997

Gender: Male
Civil Status: Single
Place of Birth: Roxas, Palawan
Religion: Roman Roman Catholic
EDUCATIONAL Tertiary: Palawan State University

Tiniguiban Heights, Brgy. Tiniguiban, PPC
Bachelor of Science in Business Administration
2014-present
Secondary: San Miguel National High School

Brgy. San Miguel, PPC
2013-2014
Elementary: Mateo Jagmis Memorial Elementary School

Brgy. San Miguel, PPC
2009-2010

July 19, 2016
Seminar on Cooperatives
CBA Audio Visual Hall, Palawan State University
July 2015
Financial Literacy and Livelihood Training Program
Barangay Hall, Bancao-Bancao
March 15, 2015
Excel Training
July 14-16, 2014
KEY STRENGTHS Good Computer Skills and Literacy in Microsoft Office

AND Microsoft Office Word
COMPETENCIES Microsoft Office PowerPoint
Microsoft Office Publisher
Microsoft Office Excel
Basic Knowledge on Accounting Taxation
Knowledgeable in Financial Reporting and Analysis
Has Good Communication Skills
Eager to learn and attain new experiences
Capable to work under pressure
EXPERIENCES Official Tabulator

MIMAROPA FESTIVAL 2016 ++
Search for MIMAROPA King and Queen
November 10, 2016
Official Tabulator
MIMAROPA FESTIVAL 2016 ++
Street Dancing Competition
November 9, 2016
Bookkeeper
Accounting Information System
Design Subject
PETAL Printing Pres.
Rizal Avenue, Puerto Princesa City
June – October 2016
Summer Job
Special Program for the Employment of Students (SPES)
City PESO

2014-Present
Member
2014-Present
Beneficiary
Programang Pang-Edukasyon Para sa Palaweño
Province of Palawan
2014-present
Member
Cheerleading Pep Squad
2014-present


College Dean

Professor
Mrs. Flordeliza P. Salcedo

Master Teacher II
San Miguel National High School
REYMOND M. PACALDO
Applicant
LOUISE ANDREW F. SORIANO
Brgy. Bagong Sikat, Puerto Princesa City, Palawan
lafsoriano@gmail.com
09959955478
OBJECTIVE To obtain Marketing position specializing events, product and/or brand

promotion with a professional organization that encourages thinking outside
the box while staying true to the company’s core values. In a growth oriented
and progressive firm to make use of my areas of expertise, talents, abilities
and experiences as well as providing room for my professional growth.
PERSONAL Date of Birth: May 12, 1997

Place of Birth Puerto Princesa City
Gender Male
Civil Status Single
Citizenship Filipino
Religion Roman Catholic
Language Proficiency English and Filipino
Hobbies Surfing the net, exercising, playing
basketball and eating
Secondary:
Seminario De San Jose
Brgy. Tiniguiban, Puerto Princesa City
2010-2014
Elementary:
Alimanguan Elementary School
Brgy. Alimanguan, San Vicente
2004-2010
July 19, 2016
Excel Training
July 14-16, 2014
KEY STRENGTHS Strong self-starter, enthusiastic, knowledge-hungry learner, excellent

AND people skills organizational ability.
COMPETENCIES Highly motivated self-starter, who takes initiative, anticipates challenges with
the ability to formulate and execute a successful plan action.

2014-Present
Member
2014-Present


College Dean

Professor
LOUISE ANDREW F. SORIANO

Applicant
KATHLYN MAE R. POSTRE
Wescom Road, Bgy. San Miguel, Puerto Princesa City, Palawan
kpostre@yahoo.com
0915-327-8197
OBJECTIVE A visionary young person seeking for a job training that will help to have a
secure and course-related job in the future.
PERSONAL Date of Birth: January 27, 1997

Gender: Female
Civil Status: Single
Birthplace: Naga City, Bicol
Permanent Address: Bgy. San Miguel, Puerto Princesa City,
Palawan
Religion: Roman Catholic
FAMILY Father’s Name: Ramon A. Postre (Deceased)

BACKGROUND Occupation: Retired Navy
Mother’s Name: Edna R. Postre
Occupation: Retired Teacher
RELEVANT Partnership and Corporation

COURSES Financial Accounting and Reporting Part I
Financial Accounting and Reporting Part II
Financial Accounting and Reporting Part III
Advanced Financial Accounting Part I
Cost Accounting and Cost Management
Management Accounting Part I
Financial Management
Income Tax
Business and Transfer Tax
Internal Auditing
Secondary:
Palawan National School
H. Mendoza St. , Puerto Princesa City, Palawan
Engineering, Science and Technology Program Graduate
Primary:
East Central School
Valencia St. Puerto Princesa City, Palawan
7th Honor
SKILLS AND Good Computer Skills and Literacy in Microsoft Office

ABILITIES Microsoft Office Word
Microsoft Office PowerPoint
Microsoft Office Publisher
Microsoft Office
Basic Knowledge on Accounting Taxation

Knowledgeable in Financial Reporting and Analysis
Has Good Communication Skills
Eager to learn and attain new experiences
Capable to work under pressure

July 19, 2016
Excel Training
July 14-16, 2014
Seminar on Cooperatives
Performing Arts Center, Palawan State University
July 14, 2014
ELIGIBILITY CSE – PPT, Sub-Professional

October 2016
EXPERIENCE Tabulator
MIMAROPA Festival 2016++
November 2016
Bookkeeper
Design Subject
PETAL Printing Pres.
Rizal Avenue, Puerto Princesa City
June – October 2016
AFFILIATIONS & President

2017-2018
Executive Vice-President
Junior Philippine Institute of Accountants (JPIA)
2016-2017
Member
Junior Philippine Institute of Accountants (JPIA)
2014-Present
Member
Vice-President
PPPP Organization
2016-Present
Beneficiary
Programang Pang-Edukasyon Para sa Palaweño
Province of Palawan
2014-present
Editor-in-Chief (Science and Technology)

Palawenian
Palawan National School
2013-2014
CAREER MR. PETERWILLE T. CHUA, CPA
MRS. DAPHNE TEQUILLO MALLARI, CPA

College Dean
PROF. ARISTOTLE GO, CPA

Professor
MR. NIÑO MADAJE, CPA

IAS Instructor
MR. MARK GIL A. TITO, CPA

Accounting Instructor/ JPIA Adviser
KATHLYN MAE R. POSTRE

Applicant
WRITTEN REPORT ON THE FIRST DAY OF
PRACTICUM PARTICULARLY ON THE DAY WAS
ENDORSED BY THE ADVISER
WRITTEN REPORT ON THE FIRST DAY OF PRACTICUM
1st day of our internship, dated March 23, 2017
Sir Palatino’s accounting office at Palawan State University
On-the-Job Training (OJT) aims to train and orient students about their work and future career. It is
a type of skill development where the students learn how to do work related to their field. It is also
one of the method by which students are exposed with different work situations appropriate to what
they have learned from the school. OJT also helps the students to enlighten them in the actual world
related to their field. And as we experienced an On-the-Job Training, we must say that it is really
engaging and interesting.
March 23, 2017 marked as our first date of On-the-Job Training at Domingo M. Palatino
Auditing Firm. An ordinary day for others but not for us. Each and every one of us is both excited
and nervous. Excited in such a way that we will meet the University Accountant of Palawan State
University and work with him along our journey and yet nervous for we will face a larger scope and
environment for our chosen future career.

Our call time to go to Sir Palatino’s house is 7:30am because he has an important meeting at
PSU in the morning and he will give our first task.
What are the tasks that he will assign to us? Will we accomplish all of the tasks that he will
give? What does it feel to be with the University Accountant all around, is he intimidating or
approachable? Those are the things running our minds while waiting for him. We greet him as soon
as he approaches us and explains immediately the things that we need to do. Then, he left us some
files of his clients that we have to summarize and audit. All of us were shocked after receiving all
those files because he’s so fast and thought that we already understand his instructions. He didn’t
show us of what are we going to do specifically or step-by-step instructions yet we just say that we
can do it because it’s part of job as interns. Before we left, Sir Palatino invited us to join the birthday
celebration of his daughter in the afternoon and we said that we will be there.
We went to school and started doing our task. At first, we laughed at each other just to take
away our nervous and stressed because we didn’t know what to do, where and how we will start
those files. But as the time goes by, we followed the format that was given and later on we
understand everything. Aside from that, we only have one laptop to use, so it’s hard for us to audit
the papers. Since accounting students are very resourceful, we did everything and find every ways
just to be productive on that day. At the end, even though we haven’t finish our first task but we
already made our first move.
Around 5:00pm, we went to Sir Palatino’s house to join on his daughter’s birthday party.
Together with the other OJT’s from Baluyut Auditing Firm, we were so pleased to meet their family
and grateful to be part of the Birthday celebration of Gwen, eldest daughter of Sir Palatino. They
were so kind and jolly, we ate together like a family. Our first day ends with a smile and thanks to
Almighty God that it went well.
Pacaldo, Reymond M.
March 23, 2017 marked as our first On the Job training (OJT) at Domingo M. Palatino’s
Auditing Firm. Each of us was very excited and feeling nervous that time because we don’t know
what we are going to do there. Actually we weren’t formally introduce to the firm because we just
talked to our adviser that we want to take our OJT at the palatino’s firm, and our adviser told us that
we should go to mr. Palatino because they already talked about it we’ll just tell him that we are the
interns that were assigned to his office.
I was shocked when the first task was given to us because I didn’t expect that, I was
expecting more on introducing each other and just having a little fun but sir just gave us four clients,
matching our intern numbers because he wanted us to have personal task and he will just check it
later. He just gave us the supporting documents of that particular client and their past financial
statements and we’ll do the rest of financial statements for the current year. After recording the
receipts and expenses we’ll input it directly to the worksheet that we’ve prepared and it will go
directly with the financial statement with help of linking cells. Of course all that becomes easy with
the of help of mr. Palatino. He taught us how to link and how excel works.
We didn’t finish our first 8 hours because he let us bring the clients file in the school because
at that time our classes was not officially ended, we just started early because he need us due to many
works and the tax season is coming. Before we leave his firm, he told us to comeback at 5:00 pm
because it was her daughter’s birthday and he invited us to join the little ceremony. He also invited
the other interns working on his sister’s firm so we came together that afternoon and we had our
first bonding with our boss, the food was very delicious and you can choose different menu, it was
celebrated at their house. Before we leave we took pictures during the celebration before we go
leave. That day we all go home full and happy we almost forget that, it was our first day of OJT.
-Damian, John Michael L.

On March 23, 2017 was the first day of our On-the-Job Training at Domingo M. Palatino
Auditing Firm, before that day Sir Palatino told us to come early in his house to orient us about
what we will be doing for the next 240 hours as being his interns. The night before the first day of
our OJT, I felt nervous and excited because that was the first time I’ll work for someone in the field
of accounting. We arrived at Sir Palatino’s residence 7:30am sharp. Sir Palatino gave each of us a
client and told us what to do, and then he said we can go home early and we can take home our
work because no one will take care of us at his house on that time, because sir has a meeting in PSU
and his wife will prepare for their daughter’s birthday. Also Sir Palatino invited us to attend on his
daughter’s birthday. And then four of us interns come up a plan to start our work in school so that
we can start our OJT as soon as possible and we can finish the job on time as Sir Palatino’s order.
As we began our work we had some couple of peaceful arguments that help us innovate our work, it
was hard at first because we are not used of it as we apply the accounting in real world, but we are
comfortable that we can do it the right way. As the night comes we attended Gwen’s birthday party,
daughter of Sir Palatino, because of that party we all felt comfortable working with Sir Palatino, he
was so kind and down to earth man. That was the first day of our OJT, it was tiring but was fun.
-Soriano, Louise Andrew F.

On the first day of our internship, our scheduled time of my co-interns to meet each other
was 7:30 am because they said that Sir Palatino has an important meeting at Palawan State University
since he was also the University Accountant. Honestly, I felt like I’m in the middle of being excited
and nervous because it was my first time to meet the University Accountant and there were so many
things that I’ve heard about him (good things). Because of our call time, I woke up and set my
schedule at 5:00am so that I can prepare for 2 hours and would not be late, we had this motto with
my co-interns that “first impression last” that’s why we need to give a good impression by going to
his house as early as possible.
When we arrived to their compound, it was very peaceful and it was unexpected because I
really thought that he’s house was that “bongga” or extravagant like what other former interns told
us, if I’m going to describe it, they have a simple and very down-to-earth way kind of living. Their
door was closed and I thought that they were all still asleep but when we knock, Ma’am Gi, his wife
that was young was already awake and open the door for us and told us that Sir Palatino was just
preparing and will meet us soon.
After waiting for Sir Palatino, he finally showed up and that was the first time that I saw him.
We greeted him a beautiful morning and immediately offered us a breakfast because it was his eldest
birthday and they were all preparing for it. Back to work, since he was so busy, he left us some files
that we need to summarize and audit (maybe 3 clients) and we can go to school after that. I thought
that it was so easy because we already had a background about excel but when he mention “linking”
of data, we ignored it and said that we can do it. Before we leave, he invited us to go to their
residence (Palatino’s Residence) to be part of the celebration of his eldest daughter, Gwen that we
met already on his house. He also told us to invite our fellow interns from Baluyut Accounting
Office at 5:00 or 6:00 in the afternoon. Given that it was our Boss’s invitation, we thankfully
accepted it and said that we were going on the party.
We go to school and we we’re talking about the files that we need to work out. Since we just
have one laptop, we scan every file that was given and look for the easiest client that we can finish
for that day. After so many things that happened like before I can enter the school I need to contact
a friend to help me because I’m wearing civilian and March 23 which was our first day was still a
school day and you need to wear your school uniform. I waited outside and wasted some time but
while waiting I told my co-interns that they needed to start already so that I will continue and finish
our first client. After 30 minutes, my life saver came and “poof” the day was saved and as I entered
the school, I immediately look for my co-interns at the CLC. Guess what? They haven’t done
anything and we just laugh and laugh because of course, our minds were over thinking, we didn’t
know what to do and we’re so hungry.
After lunch, we started again and our lives as being interns began.
Brainstorming, passing of jobs, summarizing, auditing, waiting, eating, sleeping, watching
movies (break time only), those things made our day. At the end, we partly finished our client
because we’re still looking for the easiest way to summarize the data and that was by linking, we
need to master that method so that it will be easy for us to make a Financial Statements.
It was a busy day for us, our minds were drained and our eyes were like eaten by the
radiation of the laptop because we’re so focused and determined to finish our jobs. But our day
wasn’t finished yet, we have a birthday party to attend and that serves as our energizer. By 6:00pm,
we change our clothes and went to Sir Palatino’s residence and waited our fellow intern’s from
Baluyut Accounting Office before we go to the exact location of the party. We already saw their
relatives arriving to the compound and Gwen, the birthday girl taught that we already leaving that’s
why she’s waved her hands and said “bye-bye”. While waiting for the others, we took pictures and
my co-interns were trying to learn different languages inside and outside the Philippines. They were
like “aliens” to me because I couldn’t understand what they are talking about. The other one
brought a dictionary and the other one searching for the words and they were talking like they live
on that place and used their languages.
After so many hours of waiting, they arrived and all of us walked towards the location of the
celebration. At first, we’re so shy to approach their relatives but after seeing Sir Palatino, we served
ourselves and seated at the first row of the table. The program started, we enjoyed the night and the
rest we’re just a memories for us.
-Postre, Kathlyn Mae R.

PRACTICUM PROPER
Duties and Responsibilities
Good Practices of the Company and Lessons Learned
Good Practices of the Company
New Knowledge Acquired
New Skills developed (Technical and Social Skills, etc.)
Problem met, if any
Recommendations to improve Practicum as a subject
Duties and Responsibilities
Since all of us were doing the same duties and responsibilities, many of the duties that were listed are
common to four us.
John Michael Damian
1. Preparing financial statements( Balance Sheet, Income Statement, Statement of Cash Flows)
2. Auditing the clients file
3. Recording vouchers
4. Recording Receipts
5. Organizing files alphabetically and chronologically
6. Delivering the audited file to the clients
7. Encoding the document file of the client
8. Filling up BIR form online
9. Collating past and previous reports
10. Observe and perform analytical procedures if necessary
Reymond M. Pacaldo
1. Observe and perform analytical procedures if necessary.
2. Review the client’s accounting and operating procedures and systems of internal control.
3. Identify accounting and auditing issues; perform research to solve issues that arise.
4. Knowledge on how to prepare financial statements and documentations supporting
Domingo M. Palatino’s audit opinion.
5. Applying the concept if risk assessments.
6. By proof reading, cross reference, and footing of financial statements to check if the
balances of the FS and notes to FS are equal to avoid discrepancy.
7. We arrange and compile official receipts and do the petty cash voucher.
8. To do checking and analyzing spreadsheet data.
9. Reviewing of the Financial Statements and Notes.
10. Filing of BIR forms in online.
11. Encode documents from clients.
12. Notes disclosure.
13. Seal.
14. Printing documents.
15. Delivering of finished file to the client.
Louise Andrew F. Soriano
1. Observe and perform analytical procedures
2. Preparing financial statements and documentations supporting Sir Palatino’s audit opinion.
3. By proof reading, cross reference, and footing of financial statements to check if balances of
the FS and notes to FS are equal to avoid discrepancy.
4. We arrange and compile official receipts and do the petty cash voucher
5. Record cash receipts and cash disbursements
6. Review the client’s accounting and operating procedures and systems of internal control
7. Reviewing of the Financial Statements and Notes
Kathlyn Mae R. Postre
1. Assigned to audit, compare and balance records
2. Formulating formula for the allocation of different data to their respective account title for
disbursements
3. Record cash receipts and disbursements
4. Arrange and compile official receipts and do the petty cash voucher.
5. Checking and analyzing spreadsheet data.
6. Review the client’s accounting and operating procedures and systems of internal control
7. Knowledge on how to prepare financial statements and documentations supporting
Domingo M. Palatino’s audit opinion.
8. Reviewing of the Financial Statements and Notes.
9. Verify the material items with invoices or records of liabilities (vouching).
10. Electronic filling of BIR Forms
11. Assisting the clients entering the vicinity of the auditing firm.
12. Encode documents from clients to company copy.
13. Sealing and compiling finished documents of the clients
14. Assigned to receive and deliver documents to clients

Good Practices of the Company and Lessons Learned
Good Practices of the Company
The Domingo M. Palatino Auditing firm delivers a quality of service to all his clients. As an
individual auditor, he is fully aware of his responsibility as an independent auditor for the audit
certificate issued and attached to the financial statements and the sanctions to be bestowed on him
for any misrepresentations that he may have willingly or unwillingly committed
DMP provides auditing services in the most professional manner. He abides by industry
standards and his personal philosophy and values ensure the excellence of his service and
commitment to his clients to deliver results with faithful representation. His experiences and
expertise speak volumes about the work that he do and the way he do it.
His firm is committed to ensuring adherence to ethical standards. With an extensive line of
services, he sees to it that his client’s financial statements traverse the right path to be faithfully
represented. Hinged on sound accounting practices, he carry the hallmark of always abiding by what
is good and moral for all parties concerned and delivering services within the bounds of the code of
the ethics of the profession, the accounting and audit standards and the government statutory laws
and regulations.
It is an entity that provides a high quality service to its clients. A very nice person because he
taught us all his knowledge related to accounting even small things that he thinks that will help us in
the future when we graduate and start working. While doing the work, we didn’t feel any pressure
because he always checks us if there’s something that we couldn’t understand and he will explain it
to us clearly and elaborately. The good thing working with him is that he will let us work alone and
explore everything. At the end of the day, he will check our works if it’s done or there’s something
that we need to audit again.
Sir Palatino, as our manager/boss is good at supervising, mentoring and motivating us. He
taught us all his techniques and knowledge that may be helpful for us for the future and for the work
to be done well and he motivated us to keep practicing what he taught us. We learned that we are in
a team in all work that we had, we gives advices to one another and help one another to accomplish
work on time. Two things that we also learned are to go out from our comfort zones so that we can
learn a lot more and time is precious that we must make the most of it.
As his interns, we admire him for his passion doing his job. A workaholic man that will
show you how he commits his self to his work and he always takes overtime just to finish the job.
One of the best things that we knew from his family is that they are very nice people, and they just
live simply but very generous. With the time working with them, they treated us like family and they
always fed us with delicious food that we could never resist.. What can we say? It was a memorable
and an amazing experience to four of us.
(Damian, Pacaldo, Soriano, Postre)
New Knowledge Acquired

1. The new knowledge we acquired is being very good at making financial statement on excel with
comparison to the last year statements and with complete statements needed to be present.
1. Formulating complex formulas on excel to make shortcuts when allocating data.
2. Online filling of BIR Form
3. Linking of data on excel
4. Different types of Cooperatives
New Skills developed (Technical and Social Skills, etc.)

1. TECHNICAL
Operating printing machine
Advance techniques in excel
Encoding Clients personal file
Making Financial Statements (Balance Sheet, Income Statement and Statement of
Cash Flows)
Organizing files alphabetically and chronologically
Recording Receipts and Expenses
Auditing clients file
Sorting and matching documents
Cleaning the table after work hours
Filling BIR Form online

2. SOCIAL
How to work with your boss
How to treat your clients
How to work with your co workers
Problem met, if any

The only problem that we met is that when Sir Palatino unintentionally/unknowingly gave
us the data of the previous year (2015) of a cooperative instead of 2016 data that’s why we need to
start over again to summarize and audit its information and make another financial statement.
Because of the incident, we need to go to his office to finish this client’s file and due to shortage of
time; we need to consume our holiday just catch up the deadline.
-Postre and Damian
Recommendations to improve Practicum as a subject

1. Provide/focus on some IT related training.
2. Make at least one on-site visit. A site visit to the internship location by the instructor or a
designated representative has important benefits to all involved and should be a requirement
of the internship program.

APPENDICES
Pictures of activities done in the office while on practicum
Interns of Domingo M. Palatino Auditing Firm
Together with the OJT’s of Baluyut Accounting Office
Gwen’s Birthday Celebration at Palatino’s Residence

Lunch Time is our bonding time
Break time with Hillary (2nd to the eldest) and Blessed (youngest), daughters of Sir
Palatino
Yellow Org Shirt Day, first ever that we agreed to wear the same uniform
Black uniform, we’re not that sad because we have ice cream for break time.
Picture of work setting
Computing, summarizing and auditing for the making of Financial Statements

Client’s files, ready for turnovers with audited Financial Statements
DAILY TIME RECORD
PHOTOCOPY OF CERTIFICATION
PERFORMANCE RATING
OTHERS
List of PSU graduates working in the office
Domingo M. Palatino, CPA

OJT Requirement

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Republic of the Philippines

PALAWAN STATE UNIVERSITY

JOHN MICHAEL DAMIAN

A NARRATIVE REPORT SUBMITTED TO THE FACULTY OF THE

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

their future careers.

work experiences and to experience well what is like in real situations.

capabilities as an individual and as persons.

only learned but also enjoyed each assignment.

Domingo M. Palatino Auditing Firm

Brief History of the Company

Domingo M. Palatino Auditing firm owned by a Certified Public Accountant and an

especially cooperatives. He is also a graduate of Palawan Teachers College or known as Palawan

on the same university and teaches different accounting subjects.

PERSONAL Date of Birth: October 17, 1997

TRAININGS AND Taxation Seminar

KEY STRENGTHS Can take instructions

AFFILIATIONS & Member

CAREER Mr. Peterwille T. Chua, CPA

Mrs. Daphne Tequillo Mallari, CPA

Prof. Aristotle Go, CPA

JOHN MICHAEL L. DAMIAN

PERSONAL Date of Birth: May 1, 1997

EDUCATIONAL Tertiary: Palawan State University

Secondary: San Miguel National High School

Elementary: Mateo Jagmis Memorial Elementary School

TRAININGS AND Taxation Seminar

KEY STRENGTHS Good Computer Skills and Literacy in Microsoft Office

EXPERIENCES Official Tabulator

AFFILIATIONS & Member

CAREER Mr. Peterwille T. Chua, CPA

Mrs. Daphne Tequillo Mallari, CPA

Prof. Aristotle Go, CPA

Mrs. Flordeliza P. Salcedo

OBJECTIVE To obtain Marketing position specializing events, product and/or brand

PERSONAL Date of Birth: May 12, 1997

KEY STRENGTHS Strong self-starter, enthusiastic, knowledge-hungry learner, excellent

AFFILIATIONS & Member

CAREER Mr. Peterwille T. Chua, CPA

Mrs. Daphne Tequillo Mallari, CPA

Prof. Aristotle Go, CPA

LOUISE ANDREW F. SORIANO

PERSONAL Date of Birth: January 27, 1997

FAMILY Father’s Name: Ramon A. Postre (Deceased)

RELEVANT Partnership and Corporation

SKILLS AND Good Computer Skills and Literacy in Microsoft Office

Basic Knowledge on Accounting Taxation

TRAININGS AND Taxation Seminar

ELIGIBILITY CSE – PPT, Sub-Professional

AFFILIATIONS & President

Editor-in-Chief (Science and Technology)

MRS. DAPHNE TEQUILLO MALLARI, CPA

PROF. ARISTOTLE GO, CPA

MR. NIÑO MADAJE, CPA

MR. MARK GIL A. TITO, CPA

KATHLYN MAE R. POSTRE

1st day of our internship, dated March 23, 2017

Sir Palatino’s accounting office at Palawan State University

engaging and interesting.

environment for our chosen future career.

PSU in the morning and he will give our first task.

already made our first move.

Almighty God that it went well.