ACCOUNTING INTERNSHIP GUIDELINES
Policies and Procedures for BS Accountancy and BS Accounting Information System
(New Curriculum)
I. Objective of the Program
In line with the College of Accountancy’s thrust to meet the industry’s
demand for professionally competent and well-rounded Accounting graduates, the
Practicum program aims to:
a. Give the student exposure to the actual technical and managerial aspects of the
various Accounting professions;
b. Enable the student to gain experience, relate and apply the theories he/she
learns in school to real corporate situations and problems;
c. Give the students an insight of the various operations, processes, techniques
and controls presently used in business;
d. Develop and instil a positive attitude, self-confidence and self-motivation
required of a responsible professional in handling tasks; and
e. Impress on the student the importance of human relations in the working place
or environment.
II. General Requirements of the Program
a. The College of Accountancy defines the requisite(s) of the Program.
b. All Accountancy students will undergo the Practicum Program. All Fourth Year
BS Accountancy and BS Accounting Information System must enrol in the
corresponding course during the first or second semester (if offered).
c. A student must meet the required minimum exposure of 400 hours.
d. For every class of 20 students or less there will be assigned a Practicum
Adviser.
e. A student is required to submit a final report at the end of his/her practicum.
III. Procedures and Guidelines
a. Every term, the College of Accountancy (COA) will provide a list of host
companies where students can choose from and have their practicum.
b. A semester before a student plans to enrol for practicum; he/she must consult
the list and looks for a possible venue for his/her practicum. If the student
wishes to take a practicum in a company not listed by COA, he/she should
approach the COA-Dean to obtain approval form.
c. The Dean/Program Coordinator/Faculty member will be the adviser of the
student. Subject to the conditions under the Duties and Responsibilities of the
Coordinators for the Practicum Program.
d. The students then write a LETTER OF APPLICATION (LA) addressed to the
company concerned and endorsed by the Program Head/Adviser. The student
may send LAs to more than one company, with the adviser’s approval and/or
knowledge.
e. The student hand-delivers or mails this letter to the company and waits for
acceptance. The students are responsible for following-up his LA with the
company.
f. When the student receives an ACCEPTANCE LETTER (AL) coming from the
company, he/she must inform the adviser of his/her acceptance.
g. The adviser must in turn coordinate and confirm with said company regarding
the student’s acceptance to undergo practicum with them. The adviser and the
company’s representative should agree on the period and schedule of the
student’s practicum.
h. The student then submits the WAIVER FORM (WF), signed by his/her parent or
guardian to his/her adviser.
i. The student can then enrol for the practicum subject and starts his/her
practicum on the recommended/agreed date set by the company with
the concurrence of the college Dean.
j. Within a period of two (2) weeks from the start of his/her practicum, the
student submits and accomplishes the TRAINING SCHEDULE FORM (TSF) and
shows this to the adviser for comments and approval.
k. The student is required to make a weekly report. The adviser checks this on a
monthly basis, preferably on the last Saturday of every month at a designated
time and place. (Please see VII: Sample Forms and Documents for the format
of the Weekly Report)
l. The student should at all times keep all documents pertaining to his/her
practicum. However, the adviser must be informed of any new documents or
forms that were accomplished in relation to his/her training. He/She compiles
all these documents for his/her final report.
m. The student must comply with the general guidelines of the company regarding
their own practicum program policy.
n. The student must complete at least the minimum 600 hours in one company. If
for any valid reason, he/she cannot comply with the 600 hours in one company,
he/she has to look for another company and complete another 600 hours. This
has to be done upon approval of the Program Head, Adviser and the Dean.
o. Upon completion, the student is required to obtain from the company the
following documents: (a) a Certificate of Completion and (b) the final
Evaluation Form (c) Daily Time Record. Please refer to VII: Sample Forms and
Documents.
p. The student is then required to prepare a written report as outlined in VI:
General Written Report Format, and submits this to the adviser three (3) weeks
after end of his/her training/practicum.
IV. Duties and Responsibilities of A Host Company
a. Through the immediate supervisor or through the Human Resource Department
or equivalent office, ensures that the practicum a student undergoes is
technical in nature and related to the student’s present course. (The Program
coordinator prepares in advance a list of possible type of work a student may
take).
b. Ensures a safe working environment for students undergoing practicum.
c. Assigns an immediate supervisor who will monitor the attendance and
performance of the student for the duration of the practicum, in coordination
with the Practicum Adviser.
d. Upon completion of the required number of weeks, requires the student to
submit to the Adviser a Certificate of Completion stating the student’s general
performance and that the student has satisfactorily completed all requirements.
e. Through the assigned supervisor, fills-up the Evaluation Form, and signs and
seals, and submits this to the adviser through the student.
f. Informs the school through the adviser and/or the Dean of other matters
related to the student’s practicum program in the company.
V. Grading System
The grading system to be adopted would be based from the following:
The adviser gives the student a grade based from the following criteria:
Written Report Evaluation of TOTAL
Immediate Superior
30% 70% 100%
Weekly and Narrative Report Guidelines
A. All requirements must be in letter size bond paper (8.5” x 11”).
B. Narrative report shall be submitted in soft bond with violet cover. The cover shall be
printed with the cover page format.
C. The following shall be the general format of the narrative and weekly report to be
submitted:
Font size: 12
Font style: Times New Roman
Line spacing: 1.5 spacing with ½” indentions
Alignment: Justify
Margin: 1.5” on the left and 1” on all sides; no spaces between
paragraphs
D. The pagination should be located at the lower right corner of the paper with the
following format:
Company Name [page number] (e.g. Dr. Yanga’s Colleges, Inc., 1).
Page 1 should start in introduction.
All pages before introduction (excluding cover page and table of contents shall
be labelled i, ii… (e.g. Dr. Yanga’s Colleges, Inc., i).
E. Students shall secure the following pre-requirements, con-current requirements and
post-training requirements in sequential order. (You may use the list below as your
checklist.)
Pre-requirements
o Curriculum Vitae
o Application Letter
o Endorsement Letter
o Notarized Agreement Between Employer and Student
o Waiver of Liability and Hold Harmless Agreement for the Industry
Practicum
o Training Schedule Form
o Internship Plan
Con-current Training Requirements
o Daily Time Record
Post-training Requirements
o Certificate of Completion
o Practicum Training Evaluation Report
o Final Review and Evaluation by Student
F. Weekly reports shall contain the following:
Cover page (see sample format)
Weekly practicum report (duly signed by the immediate supervisor with
corresponding date)
G. Narrative report to be submitted at the end of the PRACTICUM shall contains the
following:
Cover page (see sample format)
Table of contents (see sample format)
Acknowledgement
Importance of On-the-Job-Training
Introduction
Practicum Proper Report
Recommendation
Conclusion
Documentary Pictures
Appendices
i. Pre-training requirements
ii. Con-current Training Requirement
iii. Post-training Requirements
H. Cover page FORMAT for Narrative Report and Weekly Report will be uploaded in your
Student Portal or will be given by the College Office in soft copy.
*SAMPLE TABLE OF CONTENTS
Acknowledgement i
Importance of On-the-Job-Training ii
I. Introduction
Brief History of the Company 1-1
Mission 1-2
Vision 1-2
Values 1-3
Functions 1-4
Organizational Chart 1-12
Location of the Firm 1-13
II. Practicum Proper Report
Narrative of Experience 2-1
Trainer’s Background 2-4
Time Frame of Training 2-5
Problems Encountered 2-5
Action Taken 2-6
Positive and Negative Observation 2-7
III. Recommendation 3-1
IV. Conclusion 4-1
V. Documentary Pictures
Working Environment 5-1
Administration 5-5
Sample Output 5-7
Trainee in Action 5-13
VI. Appendices
Pre-training requirements
Curriculum Vitae
Application Letter
Endorsement Letter
Agreement Between Employer and Student
Waiver of Liability and Hold Harmless Agreement
for the Industry Practicum
Training Schedule Form
Con-current Training Requirement
Daily Time Record
Post-training Requirements
Certificate of Completion
Practicum Training Evaluation Report
Final Review and Evaluation by Student
*Sample WEEKLY STATUS REPORT
WEEKLY STATUS REPORT
Inclusive Dates:
Company Name:
Company Address:
Company Phone Number:
Immediate Supervisor:
Contact Number:
Date: Task Report
……………………..
……………………..
Note: The content of your journal should include: areas of personal growth; types of clients you find
interesting to work with; those you find difficult to work with; issues that you have with co-workers and
supervisors; feelings that you are experiencing such as inadequacy or areas in which you are improving. It
is a personal reflection of how you reacted to the day’s experience. Do not allow yourself to get behind
with your journal entries – you will be sorry! It is difficult to remember days later what happened a week
ago.
*COVER PAGE (Narrative report)
STUDENT APPRENTICESHIP PROGRAM (SAP)
A Narrative Report of the
On-the-Job Training conducted in
(Name of the Company)
In Partial Fulfillment
Of the Requirements for the Course
Bachelor Science in Accountancy - PRACTICUM 101
Submitted to
Prof. Evangeline A. Balboa, CPA, MBA, CESO V
Faculty, College of Accountancy
Dr. Yanga’s Colleges, Inc.
(Surname, First Name & Middle name)
(Course and Year level)
(month, year submitted)
*COVER PAGE (Weekly report)
STUDENT APPRENTICESHIP PROGRAM (SAP)
A Weekly Report of the
On-the-Job Training conducted in
(Name of the Company)
Submitted to
Prof. Evangeline A. Balboa, CPA, MBA, CESO V
Faculty, College of Accountancy
Dr. Yanga’s Colleges, Inc.
(Surname, First Name & Middle name)
(Course and Year level)
(Date submitted)
