Table of Contents

Acknowledgement
Introduction
Company Profile
Background/History
Life Purpose
Vision Statement
Mission Statement
Organizational Chart
Location Map
Expectations in On-the-Job Training
Journal
Learnings and Experiences
Narrative Report
Duties and Responsibilities
Expectations to future job
Documentations
Appendix
Recommendation Letter
Memorandum of Understanding
Memorandum of Commitment
Waiver
Resume
Certificate of Completion
Daily Time Record
Practicum/Training Evaluation Report
Acknowledgement

Introduction
 Company Profile
Background/History
The Home Development Mutual Fund (abbreviated as HDMF), more popularly
known as the Pag-IBIG Fund, is a Philippine government owned and controlled
corporation under the Housing and Urban Development Coordinating Council
responsible for the administration of the national savings program and affordable
shelter financing for Filipinos employed by local and foreign-based employers as
well as voluntary and self-employed members. It offers its members short-term
loans and access to housing programs

THE BIRTH OF THE HOME DEVELOPMENT MUTUAL FUND

The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the
need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11
June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs. Under the
said law, there were two agencies that administered the Fund. The Social Security System handled the funds of private
employees, while the Government Service Insurance System handled the savings of government workers.

Less than a year after on 1 March 1979, Executive Order No. 527 was signed. The order directed transferring the administration
of the Fund to the National Home Mortgage Finance Corporation, which was one of the operating agencies of the then Ministry
of Human Settlements.
Seeing the need to further strengthen the stability and viability of the two funds, Executive Order No. 538 was issued on 4 June
1979, merging the funds for private and government personnel into what is now known as the Pag-IBIG Fund. However, It was
only on 14 December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which
amended PD 1530. With the improved law in effect, the Fund's rule-making power was vested in its own Board of Trustees.
Likewise, PD 1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees.

FACING CHALLENGES HEAD ON

Confronted with the sudden reduction in its membership base, Pag-IBIG stood unfazed and took the challenges head on. As a first
step, the Fund implemented an intensified marketing campaign that focused on membership retention and generation.

It was during the years as a voluntary fund that Pag-IBIG evolved from an institution primarily for savings and housing into an
agency with a wider reach that covers almost all other needs.

Pag-IBIG introduced innovative benefit programs that heeded the calls for expansion of membership to include self-employed
groups with informal income, overseas Filipino workers, and non-earning spouses. It also launched other novel programs such as
the Multi-Purpose Loan for its short-term loans program, and shelter programs that address both individual and institutional
housing requirements.
Clearly, the voluntary nature of Pag-IBIG membership did not stop the Fund from growing in depth and breadth. During the
period, the Pag-IBIG Fund has claimed its rightful place in the country's economic and financial system, finally gaining the
acceptance of its members, not by force, but by its continuing efforts to impress upon the members that the Fund exists solely for
their benefit as well as their beneficiaries.

After eight years as a voluntary fund, the nature of Pag-IBIG membership reverted to mandatory on 17 June 1994 when President
Fidel V. Ramos signed Republic Act 7742. The new law became effective on 1 January 1995.

Today, more than a decade after the universal Pag-IBIG coverage law was implemented, the Pag-IBIG Fund continues to be a
strong partner in realizing Filipino workers' dreams. Over the years, it initiated more programs and projects, particularly those
that address the needs of members belonging to the bottom economic level. The Fund has established special housing
partnerships with teachers and uniformed men, among others. The Rent-to-Own Program was introduced, providing members
another affordable way of homeownership.

The Fund's efforts towards housing the Filipino did not go unnoticed. During the World Habitat Day celebration in October 2006,
Pag-IBIG was given the prestigious Scroll of Honour Awards by the United Nations Human Settlements Program (UN-Habitat)
for "making the dream of affordable housing a reality for hundreds of thousands of households." Pag-IBIG is the first Philippine
government agency to be awarded such recognition.

The Fund likewise strengthened its partnership with accredited developers by way of its various institutional lending programs,
among which is the much-sought after program for the development of medium and high-rise condominium buildings. The
program provides a ready inventory of condominium units for sale at affordable prices, and allows members to experience
condominium style living in areas close to their places of work.

In recent years, the Fund has embarked on its successful bid in the financial market, moving a step closer to its vision of
becoming a premier and globally competitive provident financial institution. In 2001, the Fund floated P2 billion-worth of Pag-
IBIG Housing Bonds to generate additional funds for its shelter financing programs, which was warmly received by both
institutional and individual investors. The bonds matured in late 2006.

HDMF LAW OF 2009

Recognizing HDMF's contributions through the years and the need to further strengthen its capability as the biggest source of
housing finance in the country to date, President Gloria Macapagal-Arroyo signed into law Republic Act No. 9679 or the Home
Development Mutual Fund Law of 2009. The law was signed on 21 July 2009. Under the new HDMF law, membership to the
Pag-IBIG Fund is made mandatory for all SSS- and GSIS-covered employees; uniformed members of the AFP, BFP, BJMP and
PNP; as well as Filipinos employed by foreign-based employers. Now more than ever, Filipino workers will enjoy the benefits
that are available only to Pag-IBIG members.

Likewise, the law grants the HDMF exemption from tax payments like other government provident institutions. With its tax-
exempt status reinstated, Pag-IBIG will have more funds to finance housing and short-term loans as well as investments in
government securities. Income from these endeavors is distributed exclusively to Pag-IBIG members in the form of dividends.

The HDMF Law of 2009 also gives the Board of Trustees the authority to set the contribution rates, thereby paving the way for
members to save more for their future. Similarly, this will bolster the Fund's resources for home financing.

Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno. To this day, the
Pag-IBIG Fund continues to harness these four sectors of the society to work together towards providing Fund members with
adequate housing through an effective savings scheme.
A NEW ADMINISTRATION, SOME CHANGES IN PAG-IBIG

Months after former President Corazon C. Aquino assumed leadership of the country, Pag-IBIG contributions were suspended
from May to July 1986. This gave way to the Presidential Task Force on Shelter to conduct a thorough review of the Fund and its
operations. The task force later affirmed that Pag-IBIG Fund was run professionally and that there were no anomalies in the
Fund. On 1 August 1986, former President Aquino directed the resumption of Pag-IBIG membership under Executive Order No.
35. Membership was still on a mandatory basis but under more liberal terms. For one, contribution rate was reduced from three
percent to one percent for employees earning over P1,500. Employer share was likewise cut from three percent to a fixed rate of
two percent. The Maximum Fund Salary was raised from P3,000 to P5,000.

1 January 1987 marked the return of the Pag-IBIG Fund to a voluntary program under Executive Order No. 90. While many
companies chose to discontinue their Pag-IBIG membership, quite a number, including big companies like PLDT and Dole
Philippines, nevertheless opted to retain their membership to the Fund despite the voluntary nature of registration.merging the
funds for private and government personnel into what is now known as the Pag-IBIG Fund. However, It was only on 14
December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which amended PD
1530. With the improved law in effect, the Fund's rule-making power was vested in its own Board of Trustees. Likewise, PD
1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees.

Vision Statement
For every Filipino worker to save with Pag- IBIG Fund and to have decent shelter.
Mission Statement
To generate more savings from more Filipino workers, to administer a sustainable
Fund with integrity, sound financial principles, and with social responsibility, and
to provide accessible funds for housing of every member.
Values
The governing values that will steer the Pag-IBIG Fund in pursuit of its vision
include Integrity, Excellence, Professionalism, and Service.
Quality Policy
To improve the quality of life of every Filipino, we in the Pag- IBIG Fund,
commit to provide member- focused quality service, through enhancement
of the provident savings and home financing system.
To sustain quality service, we shall:
Pursue the highest standard to improve the effectiveness and
efficiency of our quality management system;
Develop and enhance services that are responsive to the growing
needs of members and relevant interested parties;
 Maintain a productive work environment that promotes employees
expertise, engagement, team work, and wellness; and
Uphold transparency and accountability.
Constitutional Provision
IMPLEMENTING RULES AND REGULATIONS OF REPUBLIC ACT NO.
9679

Or the

Home Development Mutual Fund Law of 2009, otherwise known as Pag-IBIG

(Pagtutulungan sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund

RULE I
PRELIMINARY PROVISIONS

Section 1. Title. These Rules shall be referred to as the Rules and Regulations
Implementing Republic Act No. 9679 or the Home Development Mutual Fund
Law of 2009, otherwise known as Pag-IBIG (Pagtutulungan sa Kinabukasan:
Ikaw, Bangko, Industriya at Gobyerno) Fund.

Section 2. Construction. Any doubt in the interpretation of these Rules shall be

resolved in favor of the members.

RULE II
DECLARATION OF STATE POLICY AND STATEMENT OF THE FUNDS
OBJECTIVES

Section 1. Declaration of State Policy. It is the policy of the State to establish,

develop, promote, and integrate a nationwide sound and viable tax-exempt mutual
provident savings system suitable to the needs of the employed and other earning
groups, and to motivate them to better plan and provide for their housing needs,
 by membership in the Home Development Mutual Fund, with mandatory
contributory support of the employers in the spirit of social justice and the pursuit
of national development.

Section 2. Statement of Funds Objectives. In general, the objectives of the Fund

are:

a. Improve the quality of life of its members by developing and promoting an

integrated nationwide, sound, and viable tax-exempt mutual provident savings
system suitable to the needs of the employed and other earning groups;

b. Improve the quality of life of its members by promoting home ownership

through the extension of affordable housing loans;

c. Stimulate and assist the shelter industry through the extension of developmental
and institutional financing;

d. Invest the provident savings of its members taking into consideration

profitability and safety of the funds as a means of providing them provident
benefits upon termination of their membership in the Fund;

e. Provide small and short term loans, other benefits and assistance programs to
its members, consistent with the Funds provident character; and

f. Design and implement other programs that shall further promote and mobilize
savings and provide additional resources for the mutual benefit of its members
with appropriate returns on the savings and investments.
ORGANIZATION, ADMINISTRATION,RULE IV
POWERS AND FUNCTIONS OF THE HOME
DEVELOPMENT MUTUAL FUND

Section 1. Home Development Mutual Fund, otherwise known as Pag-IBIG (Pagtutulungan

sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund. The Home Development
Mutual Fund or the Pag-IBIG Fund created under R.A. 9679 is a government financial institution
involved in mobilizing provident funds primarily for shelter finance. It is a nationwide tax-
exempt mutual provident savings system for private and government employees and other
earning groups, supported by matching mandatory contributions of their respective employers in
the spirit of social justice and the pursuit of national development, with housing as the primary
investment.

Section. 2. Provident Character. The Fund shall be private in character, owned wholly by the
members, administered in trust and applied exclusively for their benefit. All the personal and
employer contributions shall be fully credited to each member, accounted for individually and
transferable in case of change of employment. They shall earn dividends as provided for in these
Rules. The said amounts shall constitute the provident fund of each member, to be paid to him or
her, his or her estate or beneficiaries upon termination of membership, or from which peripheral
benefits for the member may be drawn.

Section 3. Powers and Functions of the Fund. In addition to the usual corporate powers under
existing laws, the Fund shall have the following specific powers and functions:

a. To formulate, adopt, amend and/or rescind such rules and regulations as may be necessary to
carry out the provisions and purposes of R.A. 9679, as well as the effective exercise of the
powers and functions, and the discharge of duties and responsibilities of the Fund, its officers
and employees;

b. To adopt or approve the annual and supplemental budget of receipts and expenditures
including salaries and allowances of the Funds personnel; to authorize such capital and
operating expenditures and disbursements of the Fund as may be necessary and proper for the
effective management and operation of the Fund;

c. To submit annually to the President of the Philippines not later than March 15, a report of its
activities and the state of the Fund during the preceding year, including information and
recommendations for the development and improvement thereof;

d. To invest not less than seventy percent (70%) of its investible funds to housing, in accordance
with R.A. 9679;

e. To acquire, utilize, or dispose of, in any manner recognized by law, real or personal properties
to carry out the purposes of R.A. 9679;

f. To set up its own accounting and computer systems; to conduct continuing actuarial and
statistical studies and valuations to determine the financial viability of the Fund and its projects;
to require reports, compilations and analysis of statistical and economic data, as well as make
such other studies and surveys as may be needed for the proper administration and development
of the Fund;

g. To have the power of succession; to sue and be sued; and to adopt and use a corporate seal;

h. To enter into and carry out contracts of every kind and description with any person, firm or
association or corporation, domestic or foreign;

i. To borrow funds from any source, private or government, foreign or domestic;

j. To invest, own or otherwise participate in equity in any establishment, firm or entity; to form,
organize, invest in or establish and maintain a subsidiary or subsidiaries in relation to any of its
purposes;

k. To maintain a provident fund, which shall consists of contributions made by both the Fund and
its officers and employees and their earnings, for the payment of benefits to such officials and
employees or their heirs under such terms and conditions as it may prescribe;

l. To design and adopt an Early Retirement Incentive Plan (ERIP) for its own personnel;

m. To establish field offices and to conduct its business and exercise its powers in these places;

n. To approve restructuring proposal for the payment of due but unremitted contributions and
unpaid loan amortizations under such terms and conditions as the Board of Trustees may
prescribe;

o. To determine, fix and impose interest and penalties upon unpaid contributions due from
employers and employees;

p. To ensure the collection and recovery of all indebtedness, liabilities and/or accountabilities,
including unpaid contributions in favor of the Fund arising from any cause or source or
whatsoever, due from all obligors, whether public or private; to demand payment of the
obligations referred to herein, and in the event of failure or refusal of the obligor or debtor to
comply with the demand, to initiate or institute the necessary or proper actions or suits, criminal,
civil, administrative, or otherwise, before the courts, tribunals, commissions, boards or bodies of
proper jurisdiction: Provided, however, that the Fund may compromise or release, in whole or in
part, any interest, penalty or civil liability to the Fund in connection with the collection of
contributions and the lending operations of the Fund, under such terms and conditions as
prescribed by the Board of Trustees. Provided, further, that the Board may, upon
recommendation of the Chief Executive Officer, deputize any member of the Funds legal staff to
act as special sheriff in foreclosure cases, in the sale or attachment of the debtors properties, and
in the enforcement of court writs and processes in cases involving the Fund. The special sheriff
of the Fund shall make a report to the proper court after any action taken by him, which shall
treat such action as if it were an act of its own sheriffs in all respects;

q. To design and implement other programs that shall further promote and mobilize savings and
provide additional resources for the mutual benefit of the members with appropriate returns on
the savings/investments. The program shall be so designed as to spur socio-economic take-off
and maintain continued growth;

r. To conduct continuing actuarial and statistical studies and valuations to determine the financial
condition of the Fund and taking into consideration such studies and valuations and the
limitations herein provided, readjust the benefits, contributions, interest rates of the allocation or
reallocation of the funds to the contingencies covered; and

s. To exercise such powers and perform such acts as may be necessary, useful, incidental or
auxiliary to carry out the provisions of R.A. 9679.

Transparency Seal
Hymn
Ako at ikaw sa bawat araw
Panata'y binibigyang buhay
Buo ang ating isip at damdamin
Tapat ang lahat sa kanyang tungkulin

Tayo'y kaagapay sa pangarap na bahay

Tayong kaakbay sa magandang buhay

Refrain:

Tayong pusong Pag-IBIG

May iisang hangarin
Ang maglingkod ng tapat
Hatid serbisyong angat sa lahat

Tayo ang Pag-IBIG Fund, nagkakaisang pamilya

Puno ng pagmamahalan
 Ginhawa ang alay sa lahat

Repeat Refrain
Organizational Chart
 Location Map

Expectations in On-The-Job Training (OJT)

As an On-The-Job Trainee in Home Development Mutual Fund, I am thankful and
pleasured for somehow reaching my expectations:

EXPECTATIONS Application of accounting knowledge

Understand and earn how a government agency or
department runs.
Develop communication skills
Exposure to working environment and atmosphere
Familiarize oneself with documents
Understand governmental departments terms
Develop self-confidence
Work under pressure
Develop character, attitude and personality
Enable learning and personal development
Apply myself to the training and make effort to learn the
 skills I need to gain a qualification
Understand that Im making a commitment to my
workplace and that Ill be responsible for my workmates
and work property
Complete the training both on and off the job
Mingle with all the employees in my work area
Experience extraordinary things and feel how is it to be in
the corporate world
Boost my self-confidence in dealing with people
(employees, clients and other trainees)
Enjoy each day with the thought that I am learning new
things as time passes by

Narrative Report
Duties and Responsibilities

Filing of proofsheets/batchsheets
Balancing of documents received by the teller over the counter
Encoding of released Disbursement checks in the database
Stamped released Disbursement checks and supporting documents paid
Prepare cash and check deposit slip
Arranged Green Pag-Ibig Fund Receipts into series
Sorting of released checks including MPL, Claims others and Death, MPL
Refund, Working Fund, and other checks from other branches.
Journal
Learnings/ Activities

Date: April 11, 2016 to August 2, 2016

April 11, 2016, was my on the job training starts. I went early as 7 in the morning to
make sure that I will not be late. So, we are 7 interns at the administration department waiting for
the HR staff to appoint us to our designated departments. Luckily, I was assigned at the Cash
department together with the other 4 interns. Naturally because it is my first time, I was anxious
especially when we were being interviewed by the Division Chief III in Cash and Admin
Services, Maam Mary Ann Orias. But it turns out to be a very encouraging, promising and a
very exciting interview, especially that she points out that former interns coming from my school
were excellent in their duties and responsibilities in their workplace; which also was a pressure
on my side to meet and exceed their expectations. After the interview, we were introduced to the
tellers and staffs, and was instructed and explained the different duties and responsibilities we
must do.
Let me first introduce my assigned department, cash department is divided into 2 part, the
payment place and the backdoor office. In payment, where the tellers are being assigned, were
where the members of the Home Development Mutual Fund or simply PAG- Ibig Fund pays
their loans, savings, contributions and other type of payments. Also, here is where the releasing
of checks is being done. While on the backdoor is where the staffs and the interns are assigned.
This is where all the paperwork and all non-interactions with the members occurs.
So being an intern at the cash department of the Home Development Mutual Fund or
simply PAG- Ibig Fund, we have a daily routine that is being followed. First thing in the morning
around 8 oclock, we need to prepare the cash and check deposit slip of the remaining money and
checks yesterday that is needed by the officer of the Land bank of the Philippines, which is the
official bank of the PAG-Ibig fund. Few tries of typing in the typewriter is hard and need to focus
to type in the deposit slip correctly and to limit the excess time and reduce wrong slips. I
remember the time it takes me to type for an hour and a half just to finish the deposit slip and had
tried many just to have the correct one, but if I take this duty everyday my fingers and hands
became familiar and it became easier and faster. Typing and prepare the cash and check deposit
slip also was being done on the afternoon around 4 oclock for the money and checks that is
being collected for the whole day. And I guess this duty has a very nostalgic feeling, typing into
the typewriter which is somehow not being used today and the sound of it whenever typing it is
literally very satisfying to hear.
Then, next is to series out the green PAG-Ibig Fund receipts (PFR). The PFR are the
receipts that is provided by the teller to give to the members whenever they pay. It has 3 copies
that is printed with same content on it, blue is for the members copy, green is for the BIR copy,
and brown is for the PAG-Ibig Fund copy. The green copy of PFR is needed to be in series on
their number for them to be in order and for the ease of pulling out. I remembered the time I am
seeing their pens have rubber band twisted in it, and it is being used as a tool in transferring the
pages of the documents or PFR from one to the other. This technique is quite easy to look at but
is tricky when I am the one doing it. But as time goes by, I mastered it and can do it faster. In
relation to the green copy of PFR, since it is for the BIR copy, they are used for their audit. Once
in a month, we have to pull out a certain number of this PFR in no particular order for the audit.
Pulling out of receipts is very time consuming yet very satisfying to do. And it is helpful for the
receipts to be in series of their number because it minimizes the time and you know where and
when you are going to pull out it.
Another duty that I am fond of is the balancing of the documents that are received by the
teller over the counter. This one is the highlight of the duties and responsibilities as an intern.
The documents are the one that is received by the teller from the members over the counter.
These consists of the brown PFR, and the related documents related to the payments attached in
it. This is what they first taught us to master. This duty is very simple but is also a very
significant one.
In every duty provided, there is a step by step procedure needed to follow and in here the process
were: the tellers provide the documents that is needed to be balanced out for a specific period
usually around 9 in the morning, then before they will have lunch break and 2:00 and 4:00 pm in
the afternoon or if they feel that they want to add the documents because there are too many
documents already. Then they will provide us the collection summary, this is generated from
their computer which contains the summary of all the sub-total and the grand total of the
documents they had collected. Then the rest were the interns part now. First thing to do after
collecting all the documents and the collection summary is to segregate it in their specific
category; the type of payment (if it is cash or in checks), the branch it will be accumulated (Imus,
Kamias, Pasay, etc.) and what will they pay: housing loan amortizations (EHLP), members
contributions (POP/ OFW, Private, Self-Employed, etc.), short- term loan (POP/ OFW, Private,
etc.) and miscellaneous account (Loyalty Card fee, Appraisal fee, Misc- loan processing, etc.).
Next is the adding process which is supposed to be very simple, getting the sum of all the
categorized documents and match the balance you get in compare to the balance on the
collection summary. If only just it is really that simple because it requires a focus mindset, quick
finger pointing on the calculator, and a very good eyesight or visual skill on seeing the numbers
printed on the receipts. I remember the first time I tried doing it, I was amazed on the calculator
they are using which is a printing calculator, the one that is printing the number you are typing in
a receipt on their front. Though I am using scientific calculator at school, I am not used to on
using the big calculators like that making me to makes errors on typing it. Also at times I
mistakenly type wrong amount like 9 into 6 and the like resulting for mismatched balances and
making me to reexamine the total computations I made. Though making errors are acceptable but
this is very costly in terms of time and on the resources, such as the ink, papers, and electricity,
etc. It is also important to really check out the comparison of the balances that was provided on
the collection summary because: First because even though all the computations are correct from
my side, it can also be the fault of the teller through wrong type of the amount or category on
their computed printed on the receipts. Second, this will be their basis if their total collected
money over the counter was correct and matches the amount provided on the collection summary
because sometimes there is a discrepancy on money, either shortage or overage. There was a
time, one of the teller experienced a short in money, so he request me to reexamined and
recomputed all of his documents, though it is really hard because it is already a lot of documents
I already compute, I just follow his order. Luckily, there is one receipt that the amount is not in
match on the supporting documents provided so I told him and thankfully I am right and it
balances out and he didnt have a shortage in money. Third, all the collected documents that was
balance out will be sent to the Accounting department for further process and recording.
So, I tried my best to minimize those errors and practice very hard to really improve myself in
computing it. Sometimes, my co-interns and I are trying to have a competition on who will finish
first, which I think was a great I idea to practice and enjoy adding. And I can say that during my
3 months on being an intern, I can add faster than the others correctly.
Next duty is in relation to the releasing of checks. Every day, there are members who
takes their checks in the counter; and in the check, there is the voucher and the supporting
documents provided. It is the duty of the intern to take into further process the vouchers released
yesterday. It starts with sorting of released checks vouchers including MPL, Claims others and
Death, MPL Refund, Working Fund, and other checks from other branches. Next step is to series
it out by their numbers ascendingly. Then it will be stamped paid for all its pages. Lastly, is to
bundle it by its category and will be stored in their specific boxes in the storage room. This duty
is quite easy and simple to follow. At my first few days, it really confuses me on the sorting and
series part of the released checks vouchers. Where is the basis to sorting it?, The number
seems like each other?, What to do if there is another branch included?. These are some of
the questions inside my head doing this duty. But if I continued to be shy and keep my thoughts
like that, it will result to further mistakes and problems. So, what I did was to ask the staff to
help me with it, and thats it, it clears my mind and afterwards I did it on my own.
 With regards to the stamping of released Disbursement voucher checks and supporting
documents paid, I remember the time when we had to stamp almost 50 boxes containing the
vouchers. It was supposed to be every day you have to do and process the released voucher
checks yesterday but the former interns failed to do. They failed to do because that was the time,
a strong typhoon hit our country so our Former President Aquino proclaimed that everyone who
was suffered from the typhoon can claim a calamity loan from different government agencies
including the PAG-Ibig Fund. So many claimed resulting to many released vouchers stocked and
unprocessed. My co-interns and I was so proud of ourselves that time. Because for the span of 2
weeks we were able to finish stamping all of the vouchers for the 50 boxes. Can you imagine
that? Inside those boxes were almost 200-300 pieces of vouchers including all its supporting
documents. So, the staff was amazed by the speed of us in doing it. Though it was really a pain in
the hands and arms that time I am just enduring it so that we can finish as soon as possible. Also,
our hands were full of inks because of stamping it.
In the cash department, I was able to be in charge in the releasing of check counter
temporarily. Sometimes it lacks in teller in the payment counter, so the staff in charge in the
releasing is needed. My task is just simple, entertain the member, get his/ her number and the
check number to be filled up in the paper, and get his/her check voucher. Since interns are not
authorized to release the check itself, we were advised to call the staff in charge and let him/her
be the one to release the check. Also, sometimes there is no signature under the check so we need
to go to the designated staff, which were the managers, assistant manager and chief accountant
for them to sign the check itself. Whenever there were no members getting checks, what had told
me to do was to fix the check vouchers in order. Also, to encode the released disbursement
checks in the database. I had also encoded mailing letters for the members from other branches
to notify them that their checks or cards had already arrived at our branch. I had also learned to
fold the letters and insert it in the envelope that has window in it and needed the heading of the
letter to be seen on the window.
There are also special tasks we had done in our department. First was the shredding of the
documents. So basically, not all the documents are needed to be shred; what we had shred was
documents already passed the years needed to keep such as the documents kept on the storage
room for almost 8-9 years already. It was an enjoyable experience especially to me because that
was my first-time shredding documents. This task lasted for almost 2 weeks because there were
only 2 shredders working and available and there was bulk number of papers needed to be shred.
Second special task was to replace old boxes with new ones. Those boxes contain all the proof
sheets/ batch sheets and the stamped released voucher checks. Since the boxes had stacked to
each other altogether and because they were stored for a long time it resulted for them to be old,
dusty, and deformed. So, the boys were assigned to do this kind of task since it needed some
strengths to do especially in lifting and getting all the boxes. This lasted for 3-day long. It was
really a tiring and suffocating task because they were so heavy and dirty but there is no choice so
we just move faster to make it done sooner. The last one is to make an inventory, inventory for
all the equipment and electronic devices that were already destroyed or not working already. I
was assigned to do this task. It was very simple to do. All I had to do was to jot down all the
inventory not working in their brand, last checkup date, the code and the quantity. Then I filled
up the form in the computer and printed it up and pass it to the staff.
Whenever we had nothing to do already, the staff provided us something such as tearing
of paper and box making. The paper that was being used at PAG-Ibig was the continuous form
paper sheet, and I really enjoyed tearing it up and was able to make a technique to make the
tearing process faster. I remember the staffs was amazed to me because I was able to tear up 1
box of continuous form paper sheet for only 2 hours long. So, I taught the other interns about my
technique and they were able to follow it properly. Another one it on the box making, the boxes
are needed to store all the paper documents for them to be in order and organize. The step by step
procedure in making it, confuses me a lot because the front and back of the carton looks the
same. But overall, I was able to follow and made several boxes. We also help the tellers in
cutting out the receipts because the type of the receipts we had was like on the paper used on
schools the one that has red film on the side to make it paste on each other. Tellers find it hard
and makes them work more and slower tearing up the receipts one by one, so as interns we help
them in cutting the receipts out of the plastic films but also needed for them as similar on the
content and order.
Overall,
Documentations
Balancing of documents received by the teller over the counter.

Preparing and typing the cash and check deposit slip.

Arranging the Green Pag-Ibig Fund Receipts into series.

 Filing of Checking and putting in order the boxes
proofsheets/batchsheets. containing the released voucher checks.
With the co-interns and Ms. Jerlyn Diesta, one of the staff of Cash Department
Time card
Appendix No. 1

February 24, 2014

MR. GERARDO S. TISON

Managing Director
RMASS- Bangko Sentral ng Pilipinas
Roxas Boulevard, Manila

Dear Mr. Tison:

In line with the On-The Job Training of the fourth year students of Bachelor of Science in
Business Administration Major in Management Accounting, may we request you to accept Mr.
George B. Lim Dy to render 500 hours in your Administrative Division.

Pertinent documents that you may require will be submitted upon your acceptance.

Thank you.

Very truly yours,

MR. WILLIAM C. VIRAY

Adviser
Junior Philippines Association of Management Accountants

NOTED BY:

DR. NERISSA A. REYES

Dean, Business Administration Program
Appendix No. 2

IMPLEMENTING RULES AND REGULATIONS

GOVERNING THE STUDENTS UNDERTAKING THE
INDUSTRY-ACADEME LINKAGE PROGRAM (IALP)
The Industry-Academe Linkage Program or the on-the-job training is an internship program
where the students on their senior years are assigned to undergo hands-on training from
sponsoring private companies, bans, financial institutions, industries or government sector,
rendering an equivalent of 500 hours for a period of one semester. Its main objective is to expose
college students to the relevant and present human resource needs of the company/industry and
to enhance the quality of education of future professionals.

The specific objectives of the program are the following:

A. COGNITIVE
1. To provide the student an overview of the work place environment including the
qualifications and duties of an industry or office worker.
2. To expose the students to timely trends prevailing in the industry and provide additional
training development in their respective field of expertise.
3. To further develop human relations skills, positive work attitude, communication skills,
professional ethics, creativity and analytical thinking of students.

B. AFFECTIVE
1. To emphasize to students the importance of personality and organizational behavior in the
work place.
2. To make them aware that dismissal and failures are usually caused by unsatisfactory
personal and work habits.
For clarity purposes, the IALP Coordinator refers to the assigned College Instructor of the Imus
Institute College Department for the Program. The IP Coordinator refers to the Coordinator of
the Industry Partner. The Trainee refers to the student undertaking the IAL Program of Imus
Institute as partial fulfillment to the requirement of the course.

The Trainee shall abide by the following implementing rules and regulations of the On-the-
Job Program:
1. The Trainees shall conscientiously and faithfully observe the required number of hours
equivalent to FIVE HUNDRED (500) hours.
2. The Trainees shall undergo preliminary screening with the Industry Partner (IP) prior to
deployment.
3. The Trainees shall submit pertinent document including but not limited to resume and ID
picture to support his/her application for deployment to the IAL Program.
4. Deployment of Trainee shall only be once. In the event that the Trainee finds no interest in
the company where he/she had been deployed without any justifiable reason, the IALP
Coordinator has the right to turn down his/her request for another deployment. Also, the IP
Coordinator has the right to turn down his/her request for deployment to his/her company.
The responsibility to look for company to complete or render the required 500 hours shall
then be the sole responsibility of the Trainee, but the new industry partner and training
program should also comply with these guidelines.
The Imus Institute will replace the Trainee with another prospective Trainee in the Industry
Partner where he/she was formerly deployed.
5. The Trainee is considered as Student-Trainee of the Industry.
Partner and as such, there is no employer-employee relationship between the Industry
Partner and the Trainee.
6. In the event the Trainee has to be absent from his/her duty for any reason, he/she must
inform the IALP Coordinator concerned as to the cause of the absence and as to when he/she
is expected to be back on duty.
In case of approval, the Trainee and IALP Coordinator shall make arrangements to make-up
for lost hours. In case of disapproval, by the IP Coordinator, the IALP Coordinator will
replace the said Trainee.
7. The Trainee shall attend the basic orientation program of the Industry Partner on their
company rules and regulations.
8. The Trainees, at all times, shall wear the prescribe corporate attire as approved by the
Imus Institute and the Industry Partner.
9. The Imus Institute through the IALP Coordinator shall voluntarily withdraw a Trainee
form the area of his/her assignment if he/she is found to be misbehaving or committing acts
of defiance and non-conformity with existing standards and rules and regulations of the
Industry Partner.
All rendered hours prior to withdrawal will be considered forfeited by the Imus Institute. If
the IP Coordinator will issue a certification of rendered hours, then, Imus Institute will
consider the rendered hours as partial fulfillment of the total required hours for the Trainees.
10. The Trainee shall strictly abide by the principles of confidentiality with respect to any
information or restricted materials in his/her assigned tasks; and should exercise
extraordinary diligence in taking care of any equipment, materials, resources or any other
property possessed by him/her in connection with his/her Training. Any violations of the a
trainee on this provision will render him/her solely liable and responsible for any sanction
imposed by the Industry Partner.
11. The Trainees shall agree and comply to all herein provisions.

All the trainees under the IAL Program are required to attend a weekly meeting with the
IALP Coordinator. The meeting will serve as a venue to share with other Trainees their
respective learning experiences. The meetings will also provide an opportunity for the
Trainees to give their insights and perspective in improving the IAL Program.

Upon completion of the required 500 hours, the Trainee will be evaluated using the
prescribed Practicum Training Evaluation Report by the concerned Industry Partner. The
said evaluation form should be forwarded and/or submitted by the concerned Industry
Partner either through mail or hand carried by the Trainee to the IALP Coordinator.
ENDORSED BY:

______________
Dean

APPROVED:

DR. LOIDA STA MARIA

Director for Academic Affairs

Date Signed and Approved: _______________

Appendix No. 3

AGREEMENT
I, George B. Lim Dy of Bachelor of Science in Business Administration Major in Management
Accounting have read and fully understood and conform with all the provisions stipulated in the
Industry-Academe Linkage Program (IALP).

Signature over Printed Name of the Student

Date Signed

ATTESTED BY:

Signature over Printed Name of the IALP Coordinator

Date Signed

NOTED BY:

Signature over Printed Name of the Dean

With Conformity:

Signature over Printed Name of the Industry Partner Coordinator

Appendix No. 4

Imus Institute
COLLEGES
Imus, Cavite

___________________________________________________________________________

February 21, 2014

WAIVER

This is to certify that I am waiving any claims against IMUS INSTITUTE from any liabilities
arising from any injury that may be sustained during the INTERNSHIP (ON-THE-JOB
TRAINING) of my son, George B. Lim Dy at the Imus Institute located at Bangko Sentral ng
Pilipinas until he completes the 500 hours required for his Bachelor of Science in Business
Administration Major in Management Accounting Course.

WITH OUR CONSENT/APPROVAL:

Signature over Printed Name of

The Parent/Guardian