Republic of the Philippines

University of Rizal System

Binangonan Campus

NARRATIVE REPORT

IN

ACCTG 9: Work Integrated Learning (Practicum)

Submitted by:

LERIZ GARCIA
BSA lll-2

Submitted to:

PROF. LIBERTY T. OCAMPO, CPA

OJT Coordinator

June 2017

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 URS Vision

The leading university in human resource development, knowledge, and

technology generation and environmental stewardship.

URS Mission

The University of Rizal System is committed to nurture and produce upright and

competent graduates and empowered community through relevant and

sustainable higher professional and technical instruction, research,

extension, and production services.

URS Core Values

Responsiveness

Integrity

Service

Excellent

Social Responsibility

URS Brand

“Nurturing Tomorrow’s Noblest”

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 APPROVAL SHEET

This narrative report in Accounting 9 which entitled Comprehensive Bookkeeping (OJT),

prepared and submitted by Leriz Garcia in partial fulfillment of the course Bachelor of

Science in Accountancy (BSA) is hereby recommended for approval.

_________________ LIBERTY T. OCAMPO, CPA

Date OJT Coordinator

Accepted and approved in partial fulfillment of the requirements of the course Bachelor
of Science in Accountancy (BSA) with the rating of _________.

_________________ LIBERTY T. OCAMPO, CPA

Date Officer-in-Charge, Dean

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CERTIFICATION

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 ACKNOWLEDGEMENT

With the deepest gratitude and appreciation, the trainee humbly give thanks to the

people who, with all they can, helped her in making her on-the-job training a possible one.

To her parents, for the unending love, support, guidance, concern, and care that

strongly encourage her to fulfill the desired task, for their patience and understanding

during her tiring days, for providing all her needs financially and morally and for being

there no matter what. And also to her grandmother, for the untiring appreciation and love.

To her siblings, who keep on encouraging to always make the best out of

everything, for their being proud and ever supportive siblings.

To all professors, who shared and continuously sharing their knowledge with

students and helped to shape her into a better person.

To her OJT buddies, for the comfort whenever she had difficulties during the

training, for the friendship and team work, and for being her companions who she can

share laughter and sorrows with.

To LGI Business and IT Solutions Inc. President & CEO Ms. Lerma G. Inzon and

staff, for the warm welcome to her and for treating her as one of their staff. The trainee

would like to extend her warmest thanks for all of their advices especially for the life

lessons and everything that they taught during her stay with them and most of all, for all

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of the memories they’ve shared – The happy moments, the sorrowful ones, the rush

hours, and for giving some motivational advice to her chosen career.

To the man who provide her with inspiration, for the love, patience and

understanding throughout her study.

And last, to Our Almighty God, the trainee give thanks for the guidance, blessings,

strength, protection, and to his comfort during the times that she is about to give up. By

his grace, the trainee was able to finish her practicum activity without any conflict.

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 DEDICATION

I wholeheartedly dedicate this

Narrative report to my family and love ones,

To all of my professors,

To LGI Business and IT solutions Inc,

To my friends and co-trainees,

To my real friends

And above all

To Our Almighty God.

-Leriz

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 TABLE OF CONTENTS

TITILE PAGE 1

URS VISION, MISSION, CORE VALUES AND BRAND 2

APPROVAL SHEET 3

CERTIFICATION 4

ACKNOWLEDGEMENT 5

DEDICATION 7

TABLE OF CONTENTS 8

INTRODUCTION 9

DESCRIPTION OF THE COMPANY 11

NARRATION OF EXPERIENCE 16

PROBLEMS ENCOUNTERED 20

CONCLUSIONS 21

RECOMMEDATION 22

PROFESSIONAL READINGS 23

APPENDICES

Endorsement Letter 28

Trainee-Industry Agreement Liability Waiver 29

Daily Time Record 30

Documentations and Pictures 31

Forms 35

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 Curriculum Vitae 41

INTRODUCTION

Internship is one method by which student is given a chance to apply the theories

and computations that they have learned from the school. It also helps the student to

acquire relevant knowledge and skills by performing in actual work setting. Colleges and

universities require their students to undergo such training within a specific number of

hours as part of the curriculum.

For the students, an internship program provides opportunities to go through the

actual methodologies of a specific job using real documents. In effect the workplace

becomes a development venue for a student trainee to learn more about his chosen field

and practice what he has learn from academy.

On the other hand, an effective internship program, also benefits the companies

who accepts trainees. First, the interns provide additional manpower for a lesser labor

cost than a regular employee. Most of them are all eager to learn the ropes so chances

are high that they will cooperate.

Employees can use this internship strategy as a method in recruiting new

employees. Since the training supervisor can follow the trainees’ progress, he can gauge

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based on performance, behavior, and attitude if the trainee will make a good recruit after

the completion of his internship.

Interns can bring ideas into the organization. Given to the opportunity to speak

their minds freely and without fear, they may able to contribute significantly in

brainstorming sessions or research and eventually help to improve the organizations

activity. While training the interns, employers are in fact are also teaching their employees

to process of guiding the trainees stretches their patience, develops teaching skills, and

make them more sensitive to the needs and mind set of the younger generation. The

course of supervision also teaches them on how to share what they know and be

receptive to questions, Hence the internship also becomes an avenue in training for future

managers of the company.

Accommodating on-the-job trainees can truly beneficial not only to the trainees but

also to the companies that provide opportunities for this type of learning. This is wisdom

in the front lines. Such training can be an investment that will be valuable to the company

later on. This is also why trainees should take their internship seriously as it can become

a powerful tool and possibly even a source recommendation when they take that big lift

from being students to career professionals.

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 DESCRIPTION OF THE COMPANY

Company Logo

Company Address

LERMA G. INZON

President, CEO

Mailing Address: Unit 315, 3rd Floor FBM Building, ML Quezon Avenue, Brgy. San

Roque, Antipolo City

Contact Number: 09178442038

Email Address: business@lgiphil.com

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Company Mission and Vision

Mission

To provide diversified business and logistical and systematized solutions on all fronts

utilizing its synergy with industry-expert partners.

Vision

To become a preferred and dependable resource partner of companies or individuals.

Providing them with schemes, organized thoughts and strategies.

BOARD OF DIRECTORS

Lerma G. Inzon Chief Executive Officer

Mamerto P. Lumen Chief Operations Officer

Charles Danier G. Inzon Chief Financial Officer

Rowel Ivan Sta. Ana, CPA Corporate Secretary

Juanito San Juan, CPA Auditor

France David G. Inzon Management Information System Director

Jil Kathleen G. Inzon Charity, Spiritual and Religious Affairs

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Company Profile

Almost eleven years ago, LGI Business and Financial Consulting was established

by Lerma G. Inzon (LGI) aiming to help small business individuals who were refused and

denied of bank credits because of insufficient financial documentation. LGI began to

understand the benefits of financial and consultation help it is giving for its clients and

since then stepped up its operations to small and medium enterprises.

LGI has been a well-organized, dependable and technology inspired business and

financial consulting company that has established its reputation in its eleven years of solid

existence. LGI has synergized with equally goal-oriented companies to produce

technology-based products that are unmatched in the local scene. After years of

successful and continuous relationship with businesses and individuals,

LGI wanted to extend its services by automating business systems and introducing

software and IT systems that can further enhance the productivity and sales of

businesses and also attend to accounting needs of its clients, thus, a new and improved,

LGI BUSINESS AND I.T. SOLUTIONS Inc.

Today, LGI BUSINESS AND I.T. SOLUTIONS Inc. not only gives Financial and Loan

management consulting and Business Solutions and Product development, but with

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extended services in Business, such as Bookkeeping, Taxation and Auditing and I.T.

Solutions, such as System Development and Integration.

From small beginnings, the business rebranded in 2016 to encompass all business

needs from Financial Consultation to System Development. With a team of full time

Accountants and IT personnel supported by highly efficient administration and

management, our mixture of experience, youthful energy and minds and total

commitment to quality services makes LGI Business and I.T. Solutions Inc. the best

choice for your business and financial needs.

LGI BUSINESS AND IT SOLUTIONS INC PRODUCTS:

 Intelligent Building Automation Systems

 Integrated Security Systems

 Soft Addressable Fire Alarm Systems

 Intelligent Home Automation Systems

 Public Display Systems

 Automated Blind Systems

 Cashless Car Parking Systems

 Under Vehicle Surveillance Systems

 Public & Lift Display Systems

 Laboratories Environment Control

 Student Management System

 Voice Plus Card (Electronic Campaign Card)

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LGI BUSINESS AND IT SOLUTIONS INC. Specializes in:

 Business Solutions and Product Development

 Financial and Loan Management Consulting

 Credit Analysis and Outsourcing

 System Development and Integration

 Customized Software for various fields

 Accounting Services, Bookkeeping, Auditing and Taxation

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 NARRATION OF EXPERIENCE

First Week

The trainee started her on the job training (OJT). The trainee oriented by the company’s

Managing Director about their office nature of work, the company rules and regulations

particularly regarding their daily office attire and the sensitivity of the documents she may

be encounter during her stay. The trainee consider as one of their staff, Her Training

Supervisor gave the company’s voucher, petty cash fund for the year 2016 and asked her

to audit and analyze the documents. After satisfying and completing the task, the trainee

also files the papers on different filling cabinet, summarize the files and sort it.

Second Week

On her second week of work, the trainee was given a task about analyzing the vouchers,

sales invoice, payroll and official receipts of Golden Arrow Const. & Dev. Corporation (one

of their client). The trainee also classify the Golden Arrow Const. & Dev. Corporation’s

monthly income and expenses and after that, she analyze every transaction and made a

journal entries. The Accounting head also helped and familiarized her to different BIR

Forms like 1601C, 1601E, 2550M, 2550Q and Etc.

Third Week

The third week was about auditing and checking of their Client’s documents and sending

some formal letters to them, the trainee was also tasked to receive phone calls. In

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receiving business calls, she should be polite and must observe the proper manner in

answering calls. The office actually uses multiple phones, two for incoming calls and

another for making outgoing calls. She was basically assigned to receive calls from the

two phones for incoming calls. There were times when both phones would ring and

answering both seemed impossible, such were uneasy situations for her, but it all ended

up pretty well.

Fourth Week

April 15, 2017 its Black Saturday but Sir Rowell Ivan Sta. Ana, CPA gave another task,

for the trainee, its cramming day. It is the stressful week because ITR deadlines are

coming, but there are many pending papers to do. Sir Rowell Ivan Sta. Ana, CPA taught

the different files and forms subject to the BIR; when and how to file it. The trainee also

finished an Auditor’s Report. On the following days, the trainee went to UCPB to pay BIR’s

tax, she assigned to audit the LGI Business and IT Solution’s Financial Statements.

Fifth Week

As weeks went by, the trainee had already worked just like a regular employee. The Fifth

week was the LGI’s Statement of Financial Position for the year 2016. The trainee, with

the full effort finished the task efficiently and effectively. She also prepared an audit about

the filing fees and processing fees. The trainee present well the 2016 Statement of

Financial Position, Filing fees and processing fees.

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Sixth Week

The trainee conducts an inventory of the office supplies with the helped of her co-

trainee she performed well the task given to her. The trainee was also tasked to deposit,

uncashed checks and withdraws money the task seems to be easy since the trainee

was knowledgeable and familiar with that kind of transaction. She was also assigned to

deposit business mails.

Seventh Week

The trainee performed the usual tasks assigned to her in the previous weeks. There were

times when she would only do the filing of records the whole day, and sometimes she

would just be answering phone calls whenever the records room was used on special

occasions. The trainee is sometimes given the job of encoding performance evaluations

and bill reports, other times photocopying of office orders which were sent to the various

departments.

Eighth Week

It was her Eighth Week, The Company’s CEO taught her about the checks; How it

matters, What are the do and don’t when it comes to checks, What is the corresponding

penalties, Crossed checks, The local and on-us checks, the erasure on checks. This

simply lesson really helped the trainee to developed her knowledge about that matter.

After that, the trainee conducted again an inventory and she finished her task quickly.

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Ninth Week

The trainee was approaching to end, and the trainee believes that she was near to meet

the focal point of her trainings after finishing some paper works and tasks. One of her

training supervisor asked her to arranged the files, assisted some clients, deposited,

uncashed and withdraw money, deposited legal documents. She was eager in finishing

all the final tasks given to her, but somehow felt sad because it was her last day of doing

all those things which in some ways have already become part of his daily activities.

Tenth Week

It was the last week of the battlefield of work, a week of realization and enlightenment.

The days are now counted only on the fingers but the knowledge and experience gain

inside the business were immeasurable and priceless. The company’s CEO evaluate the

trainee give some advices, comments, and suggestion for the preparation to her chosen

path. Before finally leaving the company, the employees gave her a remembrance that

made her special. The trainee was lucky because her supervisors were very nice and

warm to her and taught her many things most significant to his professional life.

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 PROBLEMS ENCOUNTERED

Everyone experiences tough times, it is a measure of your determination and

dedication how you deal with them and how you can come through them.

During the stay in the company, the trainee has encountered problems that most

of the trainees known and experienced. At the first, the trainee considered the location of

the company as a problem during her practicum activity, it would take a one and half hour

for her to reach the place.

When it comes to works, there were some improper filings of documents so that

the trainee sometimes takes time in finding such files and documents. Lastly, when

making financial statements the client’s source documents are hand written so, the

trainee had a hard time deciphering the information.

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 RECOMMENDATIONS

Every trainee must bring focus to his work. He should carefully listen to every

instruction of their supervisor. If ever he does not understand something, he should ask

for help. Better to ask than to fail in doing a task. Be aggressive in order to learn. Don’t

wait for a supervisor to teach you how things work; taking initiatives first hand is a must.

In the world of professionalism it is only yourself to whom he can depend on. It is important

to keep his composure when dealing with problems, to turn them all right, panicking does

not help. Camaraderie is one factor to the success of a group, observing the proper

attitude while working should be noted because it can affect the work of his colleagues.

He should work-in promptness and have confidence with everything he does.

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 CONCLUSION

Nothing beats experience as the perfect learning tool. This On-The-Job training

served as the trainee’s stepping stone to pursue her dream. This training enriched her

confidence created a foundation of being a good employee someday, the trainee can

acquire and practice applying the lessons learned from the years of formal education and

discoveries that there are still a lot more to learn from the real work. Also, OJT serves

best by exposing the students to potential employers and the possibility of being hired

someday depending on the needs of the company, as well as the performance of them in

the workplace.

This On-The-Job Training is very helpful and will be a very helpful to the trainee as

she continue to take her journey in the field of her chosen path. It really gave her a taste

of the real world – A glimpse of what lies ahead after she graduate.

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 PROFESSIONAL READINGS

Professional Readings No. 1

“The purpose of life is to live it, to taste experience to the almost, to reach out

eagerly and without fear for newer and richer experience.”

-Eleonor Roosevelt

Reaction:

Finally, though it is hard to let go all the things that learnt, experience and

knowledge about on the job works, I can tell that all those things are made me realize and

taught me on to be more confident and excited for a real job. And I’ll bring those things

whenever and wherever I work. And I promise that I will cherish all the memories during

my stay in LGI Business and IT Solutions Inc. In this Company, I gained more knowledge

that can teach me on how to be a good leader in the future generation.

Being a trainee is finally over! But, it is just a beginning.

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Professional Readings No. 2

“People respond differently to tough times. Some run away from danger other lives

in ignorance. Intelligent people fight. And fighters flourish in tough times.”

-Robert Kiyosaki

Reaction:

Through tough times, we can see what we really can do and how stronger we

are. Some of us easily give up and stop from where they are standing. But intelligent

people fight, they fight thinking of their goal and looking in a positive way. But fighting

those times doesn’t only leads you to success but make you stronger for more and

tougher times in the future.

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Professional Readings No. 3

“You were born to win, but to be winner, you must plan to win, prepare to win, and

expect to win.”

-Zig Ziglar

Reaction:

You can’t get what you want while only sitting and waiting. You have to do

something. Same as being a winner, how can you say that you already win if there is no

battle? Before going on a battle you must plan, you must know who you are fighting.

Preparation is a must. It’s just like “Prevention is better than cure.” If you’re prepared,

then it will less difficult. Expect to win, we say expectations lead to disappointment, that

is the negative side because if you will look in a brighter side, won’t anything be a good

results? Won’t anything be on what you plan for?

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Professional Readings No. 4

“Successful people take big risks knowing that they might fall hard. But, they might

succeed more than they ever dreamed too.”

- Robert Kiyosaki

Reaction:

Taking the risk is the hardest. But in everything we do, we almost have to risk

something before we get what it is. We even know that we might fall but continue risking.

Because the higher the risk the higher the return. No one knows what the result would

be, so better to take the risk and who knows we might succeed. That would be better

without knowing the result because you didn’t even try.

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 Republic of the Philippines
UNIVERSITY OF RIZAL SYSTEM
Binangonan, Rizal

April 4, 2017

MR. CHARLES DANIER G. INZON

Managing Director
LGI BUSINESS AND
I.T. SOLUTIONS INC.
Room 315, 3rd Floor, FBM Building
ML Quezon Ave. Brgy. San Roque,
Antipolo City

Dear Sir:

Good Day!

In connection with your request for on-the–job trainee, I would like to recommend
our Bachelor of Science in Accountancy 3rd year student, Leriz Garcia who is required to
undergo 240 hours of actual job training.

Should the said student be considered in your office, she will report from Monday
to Wednesday from 8:00 AM- 5:00 PM until she completed the required number of hours
for on-the-job training.

Ms. Garcia, is known to be of good moral character, diligent and hardworking

student. Preferably, she is required to work in her course related department or unit.

We assure you of our grateful appreciation for this, and we look forward to have a
pleasant and good relationship between your office and our college.

Thank you very much and more power to you.

Very truly yours,

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 LIBERTY T. OCAMPO, CPA
Officer-in-Charge, Dean
College of Accountancy

Republic of the Philippines

UNIVERSITY OF RIZAL SYSTEM
Binangonan, Rizal

TRAINEE-INDUSTRY AGREEMENT LIABILITY WAIVER

To Whom It May Concern:

I, Ms. Leriz Garcia, student of University of Rizal System have been granted permission by the College
Dean to undergo the On-The-Job Training at LGI BUSINESS AND IT SOLUTIONS INC. from 8:00am to
5:00pm.

Further, I hereby voluntarily agree to undergo the said training in the company/firm in order to acquire
actual work experiences with the following terms and conditions:

1. That I, understand that the company will not be liable for any untoward incident that may happen while
on my way to the training site and in the performance of my duties and functions as trainee;
2. That I, shall abide with the company rules and regulations and shall comply with the imposed
requirements of the On-The-Job Training;
3. That I, shall exercise care and diligence in any task assign to me; and
4. That I shall be made answerable in all liabilities for damages to property cause by my negligent acts
while on the course of training.

Signed on this 4th day of April at __________________________________________________.

___________________________
Signature over printed name

Attested: CTC No.____________

Issued on____________
_________________ Issued at_____________
Parent/Guardian
_________________ ______________________________
OJT Coordinator President / Personnel Manager
HRD Manager

SUBSCRIBED AND SWORN to before me this ______________day of____________________, 20 __at

_________________________Philippines.

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Doc: ______________
Page No.___________
Book No. __________
Series of___________

DAILY TIME RECORD

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DOCUMENTATION AND PICTURES

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The trainee with company logo

The trainee with her co-trainees

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The trainee transacts with PS Banks’ Branch Manager

Cash withdrawals transaction

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Vouching and tracing of vouchers 2017

Auditing of vouchers

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Encoding of petty cash and vouchers 2016 and 2017

Bank transactions

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The trainee with the company’s Chief Financial Officer

The trainee with her training supervisor

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 The trainee with the company’s Human Resource Office

The trainee and her co-trainees with company’s Chief Executive Officer and Chief
Operations Officer.

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 FORMS

Monthly Remittance Return of Income Taxes

Withheld on Compensation (1601-C)

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Monthly Remittance Return of Creditable Income
Taxes Withheld Expanded (1601-E)

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Monthly Value-Added Tax
Declaration (2550-M)

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Quarterly Value-Added Tax
Declaration (2550-Q)

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Leriz Garcia
Blk 13, Lot 16, Mountainville Estates Tatala, Binangonan, Rizal
Contact No.: 09051270161
E-mail Address: leriz.garcia@yahoo.com

OBJECTIVE
To be able to train with a progressive company thru the On-the-Job
training program to gain more knowledge and hone my skills in the field
of accounting. To harness my full potential and prepare myself for the
actual and practical application of my degree course.

PERSONAL INFORMATION
Date of Birth : July 06, 1997
Place of Birth : Angono, Rizal
Height : 5”2 ft.
Weight : 43 kg
Religion : Catholic
Citizenship : Filipino
Civil Status : Single
Sex : Female
Father’s Name : Ernani L. Villariña
Occupation : Radio Operator
Mother’s Name : Rizalina G. Villariña
Occupation : Secretary
Dialect Spoken : English, Tagalog

EDUCATIONAL ATTAINMENT
ELEMENTARY:

SCHOOL : Dona Susana Madrigal Memorial School

ADDRESS : Pantok, Binangonan Rizal
DATE GRADUATED : 2004-2010

SECONDARY:

SCHOOL : Philippine Best Teachers’ Society

ADDRESS : Bilibiran, Binangonan, Rizal

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 DATE GRAUATED : 2010-2014
MERIT/AWARD : Salutatorian

TERTIARY:

SCHOOL : University Of Rizal System

ADDRESS : Calumpang, Binangonan Rizal
Course : Bachelor of Science in Accountancy
Years Attended : 2014 - Present

SEMINAR AND TRAINING EXPERIENCES

 COL Financial Investment Seminar

December 18, 2015
Philippine Stock Exchange
Pasig City

 Department of Health
National Conference on Climate Change and Water Safety for Health
March 25, 2015
Clark Pampanga

QUALIFICATIONS
Knowledgeable in basic MS Office Applications
Proficient in both English and Filipino
Good written and oral communication
Can work effectively with minimal supervision
Organized, resourceful, team player and critical thinker

I hereby certify that the above information is true and correct to the best of my
knowledge and belief.

LERIZ GARCIA
Applicant’s Signature

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