new practicum manual - students (2nd sem 2014).doc

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    Practicum Manual – For Students

    For the Department of Accountancy of the University of San Carlos

    Revised (2

    nd

     Semester 2!" # 2!$%

    Revised &y'Faye oraine )* Mica&alo

    Student +rainin, Pro,ram Coordinator (A- 2!" – 2!$%

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    UNIVERSITY OF SAN CARLOS

    School of Business and EconomicsDepa!men! of Accoun!anc"

    #RACTICU$ $ANUAL

    AC%&'( AC%&) o CAT%*+ fo !he

    Bachelo of Science in Accoun!anc" ,BSA-(

    Bachelo of Science in $ana.emen! Accoun!in. ,BS$A- and

    Bachelo of Science in Accoun!in. Technolo." ,BSAT( BSAcT-

    The time to narrow the gap between academe and industry should be done early on in the Bachelor of 

    Science in Accountancy (BSA), Bachelor of Science in Management Accounting (BSMA) or Bachelor 

    of Science in Accounting Technology (BSAT / BSAcT) program. or the learning process to impact onthe day!to!day life of the student, there is a need to understand the realities of the actual business

    en"ironment.

    Students ha"e to be made aware that the classroom is entirely different from the business setting throughactual e#posure in the wor$place. This is a way to indirectly condition them to the life after their 

    Accountancy, Management Accounting or Accounting Technology program.

    The %racticum %rogram is a direction geared towards the further comprehension of classroom theories as

    applied to the practice world.

    The following matri#, after ta$ing into account the &' Memorandum *rder +o. - Series of ,

    shows information for A& 0-, A& 01 practicum of the BSA, BSMA, and BSAT/BSAcT programs of 

    the uni"ersity.

    %articulars %racticum

    2 *b3ecti"e To be able to narrow the gap between $nowledge and

    s$ills ac4uired in the classroom "ersus $nowledge ands$ills ac4uired in the wor$ing en"ironment

    5ho shall enroll in the%racticum &ourse

    BSA/BSMA/BSAT/BSAcT students who ha"ecompleted their -rd year le"el re4uirements

    %age & of &+

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    - 5hen offered 6 Second semester of 1th year (for BSA/BSMA/BSAcT

    enrolled in A& 0-)

    6 Summer of 0

    th

     year (for BSA enrolled in A& 01)

    1  +ature of practicum wor$ or BSA, areas relating to accounting, auditing, finance

    or ta#ation7 or BSMA/BSAcT, areas relating toaccounting, finance or ta#ation

    0 8e4uired practicum hours 6 Minimum of two hundred () hours for BSA,

    BSMA, and BSAT6 Minimum of four hundred (1) hours for BSAcT

    6 The duration of the practicum is around ten (2) to

    twel"e (29) wee$s during the first and second semester,while around fi"e (0) to si# (:) wee$s during the

    summer term

    :  +umber of units - units

    9 ress code ;niform or office attire

    < Minimum and Ma#imum

    number of hours per day and

     per wee$ of practicum

    1 hours minimum (continuous) per day7 < hours

    ma#imum per day for BSA, BSAcT, BSMA7

    hours minimum per wee$, 1 hours ma#imum per

    wee$ for BSAct7

    2 hours minimum per wee$7 1 hours ma#imum per

    wee$ for BSA and BSMA

    =nitial practicum re4uirement =ncoming 1th year BSA/BSMA students or incoming -rd year BSAT/BSAcT students

    2 Accreditation of &ompanies 6 The department will pro"ide a list of accreditedcompanies for the practicum program. &ompanies

    who wish to be accredited need to submit the

    following and are sub3ect to the appro"al of thechairperson and the practicum coordinator>

    2.2 ?etter of =ntent

    2. &ompany %rofile

    2.- %racticum %roposal (Scope of 5or$ to be assignedto the trainee)

    %age ' of &+

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    22 nrollment re4uirement 6 nroll in A& 0-, A& 01

    6 Submit A& 0-, A& 01 Admission Slip and

    %arents@/uardian@s &ertification of 5ai"er/

    %ermission (Anne# 2) to practicumad"iser/coordinator during your first meeting

    2 =nitial wor$ re4uirement 6 Ma$e an application letter.

    6 ndorse the application letter to the practicum ad"iser

    (Anne# ).

    6 Submit the application letter to the company together

    with the Suggested Scope of %racticum 5or$ (to be

     pro"ided by the coordinator upon endorsement of

    application letter)

    6 The enrollee, after being accepted, shall pro"ide the

    company the following>2. Than$ ou ?etter (Anne# -)

    . Memorandum of Agreement (M*A) which shall be

    signed by the ;S& C%AA and the companyauthoriDed official. (Softcopy is pro"ided in the

    aceboo$ roup)

    -. aily Attendance 8ecord (Anne# 1)1. %erformance "aluation Sheet (Anne# 0)

    0. A copy of Suggested Scope of %racticum 5or$signed by super"isor / company authoriDed official

     +os. - E 1 abo"e are to be filled out by the company.

    6 The enrollee also needs to submit to the practicumcoordinator a copy of the Student =nformation Sheet.

    (Anne#

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    *b3ecti"es 2. To be able to share the e#periences in the wor$ place

    . To increase the confidence le"el of the student

    -. To strengthen the partnership with the business partners

    21 %racticum rading system The final grade is e4uitably computed based on thefollowing criteria>

    Ad"iserFs 8ating>

      aily Gournal (Anne# )2  H  &ompilation ! orm E &ompleteness 2H

      &ompilation ! &ontent H

      Total Ad"iserFs 8ating 0H

    Super"isorFs 8ating- -H

    Attendance

    1

    H

    rand Total 2H

    Additional information>2  aily Gournal also includes the Time Budget. aily

    Gournal should be submitted wee$ly to thecorresponding ad"iser.

     The compilation should include the ff.>  !&ompany %rofile

      !Signed 5ee$ly %rogress 8eport &ompilation  !Assessment of %racticum %rogram (?earnings,

    #perience, Most Memorable "ent,8ecommendations for the ST% and Ad"ice for uture

    Student Trainees)

      !Application ?etter   !Acceptance ?etter 

      !Student =nformation Sheet

      !%arentFs &ertification  !M*A

      !&ompleted Time Budget

      !aily Attendance 8ecord  !Signed Suggested %racticum 5or$ with corresponding

    hours wor$ed

      !&ertification of &ompletion of %racticum 'ours

      !%erformance "aluation Sheet

    - =n case the student trainee has more than one

    e"aluation sheets, the a"erage rating of the super"isors

    %age % of &+

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    is used.

    1 Attendance also includes the ff.>  !Batch orientation

      !roup orientation

      !&lass meetings  !&ulminating Acti"ity

    %age / of &+

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     Student Trainees

    Du!ies and Responsi0ili!ies1

    • Submits to the practicum ad"iser a copy of student information sheet (Anne#

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    Anne4 +1 %arents@/uardian@s &ertification of 5ai"er/%ermission

    CERTIFICATION

    This is to certify that = am allowing my Kson/daughterL, KStudent +ameL, to attend a practicum

    (on!the!3ob training) for a minimum of K/1L hours on Kstart dateL until Kfinish dateL atKcompany nameL in partial fulfillment of the re4uirements for the degree in KBachelor of Science in

    Accountancy/Bachelor of Science in Management Accounting/Bachelor of Science in Accounting

    TechnologyL.

    =t is understood that Khe/sheL abides by the rules and regulations that may be imposed by the

    Super"isor/Staff!in!&harge for Khis/herL welfare and safety.

    = fully agree to wai"e any responsibility on the part of the ;ni"ersity of San &arlos, KcompanynameL, and/or their representati"e/s, in case of any untoward incident that may happen to my

    Kson/daughterL during the duration of the practicum.

    K+ame of %arent/uardianL KSignatureL KdateL

    %age 5 of &+

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    Anne4 &1 Sample Application ?etter (To be sent to the company where the students will ha"e their

     practicum training)

    KateL

    Ms.  

    'uman 8esource Manager NO &orporation

    Address

    ear Ms. >

    ood dayP

    = am KStudent +ameL, currently a 1 th year student of the ;ni"ersity of San &arlos ta$ing up Bachelor of Science in KAccountancy/Management Accounting/Accounting TechnologyL. = learned that the

    accounting and finance department of your company is accepting student trainee. =t is my great interest

    to fill in the position as it is also one of my course re4uirements. The program re4uires me to undergo a practicum of at least two hundred () hours to any company of my choice.

    = belie"e my education has e4uipped me with the necessary $nowledge and s$ills needed for the tas$s

    and acti"ities that = might undergo in your company. My a"ailable schedule for practicum will be e"eryKscheduleL, since = will ha"e my classes e"ery KscheduleL.

    Attached are my resume and the ;S& uidelines for %racticum for your perusal. = would be "erywilling to come to your office for an inter"iew at your con"enience. ou can contact me through my

    mobile phone at !NNN!NNNN. = am hoping to hear from you soon.

    Sincerely yours,

    KStudent +ameL

    ndorsed by>

    aye ?oraine B. Micabalo, &%A, MA=A%racticum &oordinator A 21 ! 20

    epartment of Accountancy, ;ni"ersity of San &arlos

    %age 6 of &+

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    Attachment to Anne# (To be sent to the company together with Anne# )

    UNIVERSITY OF SAN CARLOS

    School of Business and Economics

    Depa!men! of Accoun!anc"

    2UIDELINES FOR #RACTICU$

    7une +( &*+)

    • =ncoming -rd year or 1th year students are re4uired to undergo a practicum program for a total of

    K hours for BSA and BSMA, 1 hours for BSAcT studentsL

    • The student is re4uired to enroll in practicum as a -!unit re4uirement.

    • ach student shall submit a practicum proposal for new companies or companies that are not yet

    accredited, which will include the following details>•  +ature of 5or$ 

    • Timetable/Schedule

    • &ompany %rofile

    • &ompany Address E Telephone +umber 

    • &ontact %erson

    • 8ele"ance of wor$ to the Accountancy, Management Accounting or Accounting Technology

     program

    • ;pon appro"al of the practicum proposal, an application letter will be prepared and sent by the

    student, after the same is endorsed by his/her respecti"e practicum ad"iser.

    • The student shall furnish the practicum ad"iser a letter of acceptance from the company within a

    wee$ from the first day of wor$. =n addition, the student shall secure a letter of than$s from thead"iser, aily Attendance 8ecord, and %erformance "aluation Sheet to be deli"ered to the

    company where the practicum student is wor$ing.

    • or accredited companies, a Suggested Scope of %racticum 5or$ will be submitted together with

    the application letter to ser"e as chec$list or guideline as to what $ind of wor$ would be gi"en tothe practicum student. The practicum coordinator shall be gi"en a signed copy upon acceptance

    of the practicum student in their respecti"e companies.

    The practicum ad"iser shall ma$e a prearranged "isit to the wor$place where the practicumstudent is assigned.

    • The student shall prepare a report paper on the practicum e#perience. =t is submitted together 

    with the aily Attendance 8ecord , %erformance "aluation Sheet, and &ertification of 

    &ompletion of %racticum 'ours to the practicum ad"iser.

    %age +* of &+

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    • roup discussion on the wor$ e#perience will be done on a regular basis with the department

    chairperson or practicum ad"iser.

    %age ++ of &+

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    Anne4 '1 Than$ ou ?etter (To be sent to the company where the student is going for practicum upon

    receipt of the letter of acceptance)

    School of Business and EconomicsDepartment of Accountancy

    KateL

    Ms.  'uman 8esource Manager 

    NO &orporation

    Address

    ear Ms. >

    5e wish to than$ you for accommodating KStudent +ameL as an accounting student intern in your

    company.

    5e hope to be able to pursue the internship program with your company in the coming semesters. Should

    you wish to recei"e more interns, please email to us your intent, so that we can communicate with you and

    select the appropriate interns for you.

    Than$ you for your support in this underta$ing. 5e loo$ forward to establishing a continuing mutually beneficial relationship with your company.

    Cery truly yours,

    K%racticum &oordinator@s +ameL

    %racticum &oordinator epartment of Accountancy

    University of San Carlos P. del Rosario Street,Cebu City Phone: 253-1000 loc.210 e-mail: bsadeptusc.edu.ph

    %age +& of &+

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    Anne4 )1 aily Attendance 8ecord (To be filled out by the company on a daily basis)

    UNIVERSITY OF SAN CARLOS

    School of Business and Economics

    Depa!men! of Accoun!anc"

    #RACTICU$ DAILY ATTENDANCE RECORD

     +ame of the &ompany>  

    epartment>  

     +ame of Student>  

    DATE

    TI$E

    IN

    TI$E

    OUT SI2NATURE DATE

    TI$E

    IN

    TI$E

    OUT SI2NATURE

    CA?;AT*8@S +AM>  

    %osition>  

    Signature>  

    %age +' of &+

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    Anne4 %1 %erformance "aluation Sheet (To be filled out by the company upon completion of the

     practicum hours and to be placed inside a sealed en"elope)

    Uni8esi!" of San Calos

    School of Business and EconomicsDepa!men! of Accoun!anc"

    STUDENT TRAINEE9S #ERFOR$ANCE EVALUATION S:EET

      !ame o" Student: ############################################################### 

      Course: ########################## Semester$%cademic &ear: 2nd  Semester, C& 201'-2015

      !ame o" (stablishment: ########################################################## 

      ()aluated by: ######################## *epartment$Section: ####################### 

      !ature o" +or Per"ormed by the rainee: ######################################## 

      Period Co)ered by the ()aluation: ########################################### 

      %lease rate the student trainee according to the following scale>

      % ; E4cellen!< ) ; Ve" 2ood< ' ; Sa!isfac!o"< & ; Needs Impo8emen!< + ; Unaccep!a0le

    0 1 - 2

    The student trainee>2.Maintains professionalism in both appearance and attitude.

    . 8eports for wor$ promptly and regularly.

    -. Ma$es optimum use of wor$ing time.

    1. 'as the ability to set priorities in his/her wor$ in a day/wee$.

    0. &an effecti"ely apply he s$ills and $nows how to meet set standards of

    his/her 3ob.

    :. &an comply with the 4uantity of wor$ re4uired or the amount of acceptable

    results within a prescribed period.

    9. &an submit 4uality wor$ in which the intern obser"es accuracy,

    thoroughness and neatness regardless of "olume.

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    2. 'as the ability to thin$ and ma$e decisions independently.

    2-. 'as the ability to percei"e problems, analyDe situations and de"elop

    solutions.

    21. &an effecti"ely apply the principles of good human relations in carrying out

    wor$ acti"ities which re4uire interpersonal contacts.

    20. 'as willingness to learn.

    2:. &an communicate and e#press his/her thoughts well.

    29. 'as interest and enthusiasm towards wor$.

    2

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    Anne4 /1 Sample 5ee$ly %rogress 8eport &ompilation

    Inclusi8e Da!es Ac!i8i!ies Documen!s O0=ec!i8e>s

    Supe8iso9s

    name( posi!ion

    and si.na!ue

     +o". 2!+o". 0 %reparation of ban$ reconciliation

    Ban$ Statement%assboo$ 

    ?edger 

    To reconcile ban$

    statement

    with cash in ban$ per

     boo$ 

    (Sgd.)Maria ela &ruD

     Acctg. Supervisor 

    # # #

    # # #

    Anne4 31 5ritten %racticum %aper

    %age +/ of &+

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    All students undergoing practicum are re4uired to submit a written report after the practicum term. The

    contents of the report are as follows>

    Title %age

    Table of &ontents

    &hapter *ne > Brief 'istory/Bac$ground of the &ompany/&ompany %rofile(2 to - pages)

    &hapter Two > 5ee$ly %rogress 8eport &ompilation

    (including duties and responsibilities)

    &hapter Three > Assessment of %racticum %rogram

      (8eaction paper of the student with the following suggested

    format)• 5hat ha"e = learned from the e#perienceQ (technical)

    • My e#perience with the people around me

    • The most memorable e"ent during my practicum

    • 5hat = can recommend for the impro"ement of the %racticum program

    • My ad"ice to those who will ta$e their practicum in the near future

    &hapter our > %ertinent ocuments

    • Application ?etter 

    • Acceptance ?etter 

    %arents@/uardian@s &ertification of 5ai"er/%ermission• Student =nformation Sheet

    • M*A ( copies)

    • &ompleted Time Budget

    • %racticum aily Attendance 8ecord

    • Signed copy of the Suggested Scope of %racticum 5or$ with corresponding

    hours wor$ed

    • &ertification of &ompletion of %racticum 'ours

    • %erformance "aluation Sheet (sealed in an en"elope)

    • *thers

    ormat >

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    Anne4 51 S!uden! Infoma!ion Shee!

    S!uden! Tainee Infoma!ion Shee!

     +ame of Student Trainee> &ourse>

    &ontact +umber> mail Address>  

    aculty Ad"iser>  +ame of &ompany/=nstitution/*rganiDation>  

    &ompany Address>  

     +ame of Super"isor/ *ffice 'ead> &ontact +umber> mail Address>  

    5or$ Schedule> ate of Start stimated date to finish 

    (Please make a sketch of the location of your company)

    %age +5 of &+

    UNIVERSITY OF SAN CARLOS

    Colle.e of Commece

    Depa!men! of Accoun!anc"

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    Anne4 61 Dail" 7ounal and Time Bud.e!

    UNIVERSITY OF SAN CARLOS

    School of Business and Economics

    Depa!men! of Accoun!anc"

    S!uden! Tainee9s Dail" 7ounal

     +ame of Student Trainee> &ourse>

    aculty Ad"iser>

     +ame of &ompany/=nstitution/*rganiDation>  

     +ame of Super"isor> Area Assigned>  

    %eriod &o"ered> +o. of 'ours>  

    Da!e?ha! I Did

    ,Ac!i8i!ies-?ha! Did I Lean@ Deficienc"> Concens

    %age +6 of &+

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    Reflec!ions fo !he ?ee1

     Note(s):

    1. Students are required to rite their !ournal daily or they may use electronic means in encoding the daily tasks.

     After one (1) eek" this report ill #e sent #y the students to the Adviser" as ell as to the $oordinator.

    %. &he content of your !ournal should include: areas of personal groth' types of clients you find interesting to

    ork ith and those you find difficult to ork ith' issues that you have ith coorkers and supervisors'

     feelings that you are eperiencing such as inadequacy or areas in hich you are improving. *t is a personal 

    reflection of ho you reacted to the day+s eperience. ,o not allo yourself to get #ehind ith your !ournal 

    entries - you ill #e missing the piece *t is difficult to remem#er days later hat happened a eek ago.

    /. &his form is used only for the eekly su#mission of the report to the Adviser. At the end of your practicum" you

    are to use the format indicated in Anne 0 of your Practicum anual for your 2eekly Progress 3eport" hich

    is su#mitted together ith your ritten report.

    %age &* of &+

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    Anne4 +*1 Time Bud.e!

    Week No.

    Date CoveredNo. of Hours

    emarksActu

    al

    Bud!

    et

    "arian

    ce1

    2

    3

    '

    5

    /

    10

    #otal

    %age &+ of &+