Republic of the Philippines

Mindanao State University - Iligan Institute of Technology

Iligan City 9200
Tel. (063) 221 – 4050 to 55 fax no. (063) 3516173
http: /// www.msuiit.edu.ph
e-mail: msuiit@ccl.msuiit.edu.ph

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Department of Accountancy
__________________________________________________________________________
_

APPROVAL SHEET

A report entitled “A NARRATIVE REPORT OF ON-THE-JOB TRAINING CONDUCTED

AT DAVAO DEL SUR ELECTRIC COOPERATIVE INC, By Pass Road, Digos City, Davao
del Sur prepared and submitted by CHARLES D. FLORES in partial fulfillment of the
requirements of the course ACCTG 197 – On the Job Training, and for the degree of
Bachelor of Science in Accountancy (BSA), is hereby endorsed.

MICHAEL LLOYD A. BATION

OJT Coordinator

The report entitled “A Narrative Report of On the Job Training conducted at Davao del
Sur Electric Cooperative Inc.” is hereby accepted as a partial fulfillment of the
requirements of the course ACCTG 197 On the Job Training, and for the degree of
Bachelor of Science Accountancy

JAHARA D. IBRAHIM __________________________

Chairperson, Department of Accountancy Date

2
I. Title Page ……………………………………………… 1
iii …………………
II. Approval ………………………………………………

Sheet
TABLE OF
III. Table of
iv
…………………
………………………………………………
2

Contents
CONTENTS
IV. Introduction
3
…………………
………………………………………………
3

………………… 4
V. Company 4
………………………………………………

Profile ………………… 5
VI. Training 4 ………………………………………………
Experience
………………… 6
VII. Summary of
Accomplishment ………………………………………………
and
Contribution ………………… 9
VIII.
Competencies
Gained and ……………………………………………… 1
Learning
Experience ………………… 0
IX. Impact to ……………………………………………… 1
Field of
Specialization ………………… 1
X. Conclusion ……………………………………………… 1

………………… 2
XI. ……………………………………………… 1
Recommendatio
n ………………… 3
XII. Appendices
Documenta ………………………………………………
tion ………………… i
Application ………………………………………………
Letter ………………… iv
Acceptance ………………………………………………
Letter ………………… v
OJT Form ………………………………………………
No. 1 ………………… vi
Daily Time ………………………………………………
Record ………………… vii
Certificate
of Work ……………………………………………… vii
Experience ………………… i
3
Evaluation ………………………………………………
Form ………………… ix
Memorand
um of ………………………………………………
Agreement ………………… xi
 iv

INTRODUCTION
3

As a requirement of the course “Practicum- Acctg 197-

On the Job Training”, BS in Accountancy students need to
acquire 250 hours
4 of work exposure to enhance the knowledge
in their field of specialization. Students has the preference as
to the company/ organization to be accommodated with
subject to the4recommendation of their respective coordinator.
Upon fulfilling the service hours requirement, students are
required to prepared a narrative report of their experience
accompanied with a proof of employment and evaluation form
accomplished by an immediate supervisor.

The proponent of this narrative report was

accommodated at Davao del Sur Electric Cooperative Inc.,
from June 19 to July 21, 2017 at By-Pass Road, Digos City,
Davao del Sur, rendering 256 hrs. in total. The proponent was
assigned to the Finance Services Department, specifically in its
Accounting Division, under the tutelage of the department
chief, Maypearl Laarnie P. Mangkikis, CPA MBA. The immediate
supervisor was Nasifa M. Bantuas, CPA, Accountant II, in
charge of cash management.

4
 v

vi

COMPANY
3

PROFILE
4
The Davao del Sur Electric Cooperative Inc., commonly
known as “DASURECO”, is the sole distributor of electricity for
the provinces 4of Davao del Sur and Davao Occidental for more
than four decades of existence.
Founded on June 1, 1975 as the 63rd electric cooperative
under the National Electrification Administration, DASURECO
serves one (1) City and 14 Municipalities covering 337
barangays with a total membership reached to 139,924 in
2016, connecting 162,967 households in the entire area
coverage.
Over 40 years of service, DASURECO received awards
and commendations, slated at the top among the electric
cooperatives in the Philippines as:
• “Best Electric Cooperative of the Philippines” since 1985;
• Garnered the highest recognition by the National
Electrification Administration as top performing
cooperative – the Emmanuel N. Pelaez Award in 1994;
• Elevated to the Hall of Fame in 1997;
• Rated as a Five Star Electric Cooperative in 2007;
• Conferred as Mega Diamond Electric Cooperative with
special award for A Triple-A Electric Cooperative of The
Philippines and Single Digit System Loss Award in 2015;
In 2016, the Energy Regulatory Commission (ERC)
granted the Coop with Provisional Authority to draw power
from Mapalad Power Corporation, Inc. (MPC) which then
started extending energy to DASURECO at 6MW up to 14 MW.

5
DASURECO also entered into contracts with various coal plants
such as Sarangani Energy Corp (SEC) and GN Power to ensure
our Member-Consumer-Owners of sufficient supply. Currently,
the Cooperative is into conduct of studies and analyses on
prospective power suppliers to guarantee power quality,

vi
dependable and reasonably-priced supply of electricity for the
year 2017 and onwards.

vii
I

TRAINING
3

EXPERIENCE
4
A. DAILY ACCOMPLISHMENT REPORT

Student Trainee:
4 CHARLES D. FLORES

Company: Davao del Sur Electric Cooperative

Inc.

Week 1:
No. of
Da
Date Daily Tasks Working
y
Hours
Mo June 19, Orientation with Financial 8
n 2017 Services Dept.
Tu June 20, Orientation with Internal 8
e 2017 Auditing Services Dept.
We June 21, Interview with the General 8
d 2017 Manager, HR Manager
Th June 22, Assist in processing the 8
u 2017 Mortuary Fund Voucher
Fri June 23, Filing of documents- Check 12
2017 Vouchers
Sat June 24, Filing of documents- Check 8
2017 Vouchers
TOTAL 52

Week 2:

6
 No. of
Da
Date Daily Tasks Working
y
Hours
Mo June 26, 2017 HOLIDAY 0
n
Tu June 27, 2017 Follow up on Requisition Vouchers, 8
e Purchase Orders
We June 28, 2017 Assigned to double check outgoing 8
d and incoming documents for FSD
Manager
Th June 29, 2017 Assigned to double check outgoing 12
u and incoming documents for FSD
Manager
Fri June 30, 2017 Assigned to double check outgoing 12
and incoming documents for FSD
Manager
Sat July 1, 2017 SPECIAL HOLIDAY- Araw ng Davao del 12
Sur
TOTAL 52

Week 3:
No. of
Da
Date Daily Tasks Working
y
Hours
Mo July 3, 2017 Assigned to double check outgoing 12
n and incoming documents for FSD
Manager
Tu July 4, 2017 Assigned to double check outgoing 12
e and incoming documents for FSD
Manager
We July 5, 2017 Assigned to double check outgoing 8
d and incoming documents for FSD
Manager
Th July 6, 2017 Assigned to double check outgoing 8
u and incoming documents for FSD
Manager
Fri July 7, 2017 Filing of documents- Check Vouchers, 12
Journal Vouchers, Metering
Requirements
Sat July 8, 2017 Filing of documents- Check Vouchers, 12
Journal Vouchers, Metering
Requirements
TOTAL 64

7
 Week 4:
No. of
Da
Date Daily Tasks Working
y
Hours
Mo July 10, 2017 Dispatching of Check Vouchers, Petty 8
n Cash Vouchers and Journal Vouchers
Tu July 11, 2017 Preparation of Bank Reconciliation 12
e for May- Main Office for LandBank,
We July 12, 2017 Preparation of Bank Reconciliation 8
d for May- Main Office for LandBank.
Th July 13, 2017 Preparation of Bank Reconciliation 12
u for May- Main Office for LandBank
and One Network Bank.
Fri July 14, 2017 Preparation of Bank Reconciliation 12
for May- Main Office for TruBank, and
RBDI Inc.
Sat July 15, 2017 Preparation of Bank Reconciliation 12
for May- Main Office for One
Network Bank, and PS Bank
TOTAL 64

Week 5:
No. of
Da
Date Daily Tasks Working
y
Hours
Mo July 17, 2017 Preparation of Bank Reconciliation 12
n for May- Malalag and Malita Sub-
Office for LandBank, One Network
Bank, and TruBank.
Tu July 18, 2017 Preparation of Bank Reconciliation 8
e for May- Padada Sub-Office for
LandBank, TruBank and RBDI..
We July 19, 2017 Finalizing OJT- Assessment of 8
d performance, courtesy call with the
FSD Manager and General Manager.
TOTAL 28

Certified by:

________________________________
Name of Trainor

8
B. WEEKLY SUMMARY OF WORK ACTIVITIES

vI
i
viiI

Figure 1. Weekly Summary of Work Activities

3
SUMMARY OF
ACCOMPLISHMENT AND
4
CONTRIBUTION
 Filing a recap of Check Vouchers for 2016.
 Processing of Requisition Voucher No. 2017-632, -638,
-639, -640,
4 -641 and -645.
 Processing of Purchase Order No. 17- 017, and -018.
 Documentation of Check Voucher for 2017, No. 301-400,
and 2201-2300.
 Preparing a Bank Reconciliation of Land Bank of the
Philippines (LBP) account for May- limited to Main Office,
and 3 sub-offices- Malalag, Malita, Padada.
 Preparing a Bank Reconciliation of One Network Bank
(ONB) account for May- limited to Main Office, and 2 sub-
offices- Malalag, Malita,
 Preparing a Bank Reconciliation of PS Bank account for
May- Main Office

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  Preparing a Bank Reconciliation of
May- limited to Main Office, and 3
Malita, Padada.
 Preparing a Bank Reconciliation of
Inc. (RBDI) account for May- limited
sub-office- Padada.
TruBank account for
sub-offices- Malalag,
Rural Bank of Digos
to Main Office, and 1

vII
i

IX

COMPETENCIES GAINED
3

AND LEARNING
EXPERIENCE
4

In the course of training, the proponent gained much

4
learning experience. To begin with are the several internal
control implemented by DASURECO. One of which is the strict
policy on purchases. As observed, all purchases made through
an itemized requisition voucher (RV) filled by the requesting
department. The RVs must be signed by the respective
department head, subject to the approval of the Finance
Services Department (FSD) Head before a purchasing order
(PO) will be process. An abstract of quotation (AOQ) will then
be made. For material purchases, a bidding is required. The
PO, attached with the RV and AOQ (accompanied by a Board
Resolution and BAC approval in case for material purchases)

10
will be subject for approval by the FSD Head, pre-audited by
the Internal Audit Services Department (IASD) Head, before
the approval of the General Manager. All disbursements are
requires the General Manager’s approval. Another noticeable
internal control, is pre-auditing by the IASD of check vouchers,
purchase orders, mortuary fund vouchers, etc.
Upon approval of the General Manager, the accounting
division may then process the accounts payable voucher and
check voucher. The proponent was allowed to observe and
assist in processing the check voucher. The particular activity
was to ensure that the check voucher was free from error,
signed by the correct signatories, with the needed
attachments intact, and to performed basic procedures to
input the transaction in the information system with the
immediate supervisor, thereby, learning the basics of the
firm’s information system.
Apart from filing, documenting, and indexing pertinent
accounting documents, the proponent also gained the ability
to prepare a bank reconciliation. DASURECO as a whole, has
15 bank accounts in total. The proponent was assigned to
prepare a bank reconciliation on 5 bank checking accounts, all
of which with bulky transactions, limited to the Main Office and
3 sub-offices- Malalag, Malita, Padada.
ix

IMPACT TO FIELD OF
3

SPECIALIZATION
4

The internship at DASURECO provides a relevant training

to the field of 4Accountancy. The proponent being assigned to
the Finance Services Department, specifically in its Accounting
Division, delivers an outlook of the accountancy profession in
the field of commerce and industry.

11
 With the On-the-Job training conducted at DASURECO,
the proponent observed the technical and remedial nature of
accounting in private practice. Thus, the proponent looks
forward on the analytical nature of accounting through public
practice.
In the duration of the internship, the assignment to the
Cash Account in the Accounting Division proves to be the most
significant aspect. Though the activity is limited in the
preparation of bank reconciliation, the learning experience
gain through the assignment is extensive.

X
1

CONCLUSI
ON
4

The proponents concludes that the On-the-Job training

4
conducted at Davao del Sur Electric Cooperative Inc. provides
a significant and relevant learning experience in the practice

12
of accountancy, particularly in the field of Industry and
Commerce.
With 250 hours work exposure, the proponent gains
insights in the technical and remedial nature of accounting in
private practice having assigned in the Accounting Division of
the firm’s Finance Services Department. Throughout the
duration of work, the proponent earned first-hand experience
of internal control, basic knowledge of the firm’s information
system, proper filing, documenting and indexing of
documents, and effective strategies in preparing a bank
reconciliation.
Furthermore, the whole internship provides an overview
of the work of a Certified Public Accountant. The proponents
looks forward on the analytical nature of accounting through
public practice.

X
1

RECOMMENDATI
ONS
13
 The proponent recommends the following:
A. To the students:

a. Process the application months ahead in order for

the internship to commence early and gain more
learning experience;
b. Conduct the On-the-Job training to a firm that
offers internship activities or those with a
comprehensive internship program to provide you
with meaningful work exposure;
c. Conduct the On-the-Job training to a firm that is
potential for future employment; and,
d. Prefer an accounting firm since the work exposure
in private practice is technical and remedial in
nature;

B. To the OJT Program

a. Partnership with an accounting firm to facilitate

ease of processing application and to make the
work exposure more meaningful;
b. Evaluation must be two way- Trainee and Trainor-
to maintain efficiency of the OJT Program;
c. Provide or recommend comprehensive internship
manual or implement rules and regulation that will
serve as guide for the cooperating firm; and
d. Collaborate with potential cooperating firms to
enhance OJT Program specifically in monitoring the
performance of the trainee.

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