COURSE TITLE

: Internship/OJT

COURSE CODE

: Acctg15

CREDIT

: Three (3) units

PREREQUISITE

: 80% of the entire curriculum

COURSE DESCRIPTION
This is an applied academic experience conducted under joint faculty
and employer supervision which requires a minimum of one semester and will include a
minimum of 160 contract hours. This may be in the areas of accounting, external audit, internal
audit, or tax. Each intern registers for this course which will be given three hours credit. A
regular letter grade will be given at the end of the internship with input from both the employer
and the Accountancy Program Chair or Dean. Each internship assignment shall meet the
following requirements:
1. Be substantial and practical, including analysis, evaluation, and application of business,
accounting, and auditing concepts;
2. Be subject to periodic documentation of progress and review by both the employer and the
Accountancy Program Chair or Dean; and
3. Culminate in a final evaluation prepared by the employer and a final course grade
awarded by the Accountancy Program Chair/Dean.
Students are required to submit a written report documenting the tasks, responsibilities, learning
experiences, training, and hours worked. Reports should include comments on areas such as
human relations aspects of their work, including leadership and management skills; importance and
emphasis on teamwork as opposed to individual work; technical, intellectual, physical, and social
challenges; work schedule; and how the B.S. Accountancy Program course work prepared them
for internship. The report should also cover the following: (a) description of key tasks and

responsibilities performed during their internship, including their assessment of the most
valuable things you learned; (b) evaluation of the training and overall learning environment
provided by their employer; (c) evaluation of their internship experience and how it has impacted
their career goals; (d) how well the Accountancy Program prepared them for the internship
including a description of how their formal education and work experience interrelate; (e)
recommendations for improvement of their specific internship position and the Accountancy
Internship Course in general; and (f) total number of hours worked during internship.
Guidelines
In order to ensure a fair and manageable system to deal with internships, the following
guidelines are adopted to serve as minimum requirements for a student to receive internship
credit.
1. Internships are generally reserved for graduating students or those who have already
completed all or most of their major field courses seniors or near-seniors.
2. Credit will only be assigned or accepted in cases where a faculty member is directly involved
in determining both the course content and in evaluating the students work.
3. The internship should be purposeful, provide opportunities for reflection, present a continual
challenge to the student, and incorporate active learning, with the student an active
participant in all stages of the learning experience from planning to evaluation.
4. The student must discuss the internship plan with the faculty internship advisor before
signing up for the course. Internships are arranged individually and must be set up before
registration so that proper arrangements can be made for supervision of the work, for the type
and amount of work to be done, and for evaluation of the work. Unusual internships should
be discussed with the Deans office before they are approved for offering to the student.

5. Before a student begins the internship, a learning contract needs to be written between the
faculty internship adviser on campus, the supervisor at the location, and the student. This
contract should state the conditions of the work assignments, supervisor, learning goals,
number of credits, and methods of evaluation of the work. A contract form can be obtained
from the Dean/Chairperson of the School of Accountancy.
6. The internship situation must have the following components or elements before it will
qualify for giving the student credit:
It must be a position in which the student will do work that is directly related to

accounting or auditing.
The student must be supervised by someone at the internship location who will be in a
position to oversee and evaluate the work of the intern. The specific conditions of the
internship are to be worked out between this supervisor and the professor in the School of
Accountancy. The internship supervisor will compose a written evaluation of the

students work at the conclusion of the internship and send it to the supervising professor.
A written syllabus should be produced and distributed to the student, the supervising
professor, and the supervisor at the internship site before the internship begins. This
syllabus should give a good idea of the work to be done, when it is to be done, and how
the work will be evaluated.

The internship situation must be one in which the student can submit strong and tangible
evidence of his or her work to be supervising academic department for evaluation.

7. The amount of accounting or audit work may vary, according to the difficulty level of such
work. However, the supervising teacher should expect to receive work of the same quality
and volume as would be expected in any course at the same level as the internship course for
similar hours of credit.

8. The interning students grade will be determined by the supervising professor, based on the

following components:
the teachers assessment of the students work done during the internship
the on-site supervisors assessment of the students work, with emphasis on the students

work directly applicable to the academic area

the students self-assessment of the internship, noting in particular how the internship

contributed to the students understanding of and ability in the field

The interning student should note the dates for beginning and ending the quarter; he or she
must submit the work done and the evaluations in time for the professor to submit the course
grade. This time should be set at the beginning of the quarter and should be agreeable to the

student, the on-site supervisor, and the supervising academic professor

Students need to keep their faculty internship advisor updated on the progress of the
internship while away from campus.