A-346 Tanglao, Allyza U. (Narrative Report)

HOLY ANGEL UNIVERSITY

School of Business and Accountancy
XPRACTICUM:
ACCOUNTING INTERNSHIP
OAI GENERAL MERCHANDISE CORPORATION
FEBRUARY 22, 2024 – JUNE 20, 2024

400 HOURS INTERNSHIP TRAINING
In Partial Fulfillment
Of the Requirement of the Course:
XPRACTICUM: ACCOUNTING INTERNSHIP
Submitted by:
TANGLAO, ALLYZA U.
A-346
Submitted to:
MS. DOLORES D. MALLARI
Practicum Coordinator
JUNE 2024
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SBAPract Form 012

SCHOOL OF BUSINESS AND ACCOUNTANCY
ANGELES CITY
REQUIREMENTS CHECKLIST
Name: TANGLAO, ALLYZA U. SEC: A-346
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TABLE OF CONTENTS
I. The Goals of My Off-Campus Practice…..…………………………......……..... 6
Personal Skills ...……….........................………......………………...…........…. 6
Business Skills …………………………..……………..….......…........................ 6
II. Company’s Background/Profile ……………...............................………...…... 7
III. The Nature of my Work …....……….……………………........…....…….…....... 8
IV. Getting Along on the Job………………………………......……..…….….…...... 8
Name of the employees in the company……….……………………......……… 8
Observation on the Rules and Regulations of the Office……......................... 9
V. An Evaluation of my Training…………………………...….….......…….........….….. 9
Functional areas of the company ..……………………….……...........….…..... 9
Office Procedures ……….…………………….………….............…………....... 9
Administrative …………………………………...………….........…......….……. 10
Accounting …………………………………………………..........……...….…… 10
Office Equipment Used …………………………………….......….…...……….. 10
Duties & Responsibilities/Work done in the company ………………............. 11
VI. Observed Organizational Values …………………….………………..……........... 11
Interpersonal Relationships ………………...….…………………...........…….. 11
Working Relationship with the Executive & Co-Workers …............…...……. 11
Teamwork …………………………………………………...……………………. 12
Quality of Service Delivered ………………...................................…………... 12
Punctuality ………..........…………….......……………...............…………….... 12
Personal Grooming ………………………………......………….………………. 13
VII. Problems Encountered During my Training and How I Solved Them ……........ 13
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VIII. Observations, Assessment and Recommendation of the student intern in
their Host Establishment …………………........……….…............................. 14
IX. References/Appendix………………………....……...…….……...............….…… 15
Appendix A – Certificate of Completion…………………….....……..….……. 15
Appendix B – Internship Attendance Sheet ………………………………….. 16
Appendix C – Resume .………………………..…………….......…..…….…... 18
Appendix D – Internship Application Form ……………………….…….......... 19
Appendix E – Initial Deployment Forms ……………………....……...........… 22
Endorsement Letter …………………......…............................. 22
Internship Training Agreement Form ..……...................…….. 23
Reply Form …....………………...………............…...……...….. 24
Consent Forms ………………………………........….….…....... 25
Appendix F – Student Performance Evaluation ……………..................…… 27
Appendix G – Self-Evaluation ……………..........…………............….....….... 30
Appendix H – Company Evaluation ………………............................…....…. 31
Appendix I – Training Plan …………………………………………….……….. 32
Appendix J – Weekly Internship Report ……………………………….……… 34
Appendix K – Diary/Journal ………………………………………….………… 51
Appendix L – Supplemental Photos ...…………........................................... 67
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SCHOOL OF BUSINESS AND ACCOUNTANCY

ANGELES CITY
I. The Goals of My Off-Campus Practice
 Personal Skills
Juggling the responsibilities of a third-year accountancy intern at OAI General
Merchandise Corp. alongside my three years as a university scholar instilled in me
the importance of personal and professional growth. This off-campus experience
provided a valuable opportunity to hone those skills. Balancing my responsibilities as
an intern, scholar, and anything else on my plate has definitely emphasized the
importance of strong time management skills. This internship became a chance for
me to develop strategies to prioritize tasks, meet deadlines, and stay organized in a
demanding environment. Additionally, clear communication is crucial in any
professional setting. Throughout my internship, I actively worked on improving my
communication by listening attentively, asking clarifying questions, and effectively
conveying information to colleagues, superiors, and potentially even clients. Finally,
the internship presented challenges that I viewed as opportunities to strengthen my
problem-solving abilities. I focused on independently analyzing situations, identifying
solutions, and taking initiative to address them effectively.
 Business Skills
My internship at OAI General Merchandise Corp. was remarkable. Instead of just
cramming for exams, I got to put my accounting knowledge to the test on real world
setting. Working with actual receipts, invoices, and reports at Ocampo’s was not just
about getting the numbers right, it showed me how accounting works in the real
world. Plus, my excel knowledge got even more improved, I sorted bundle of
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invoices, made the organization’s chart and presentations, and even encoded daily
sales report. I also learned how to update every month’s inventory, validation of data,
receipts, and invoices, and also filing of files making sure that everything is accurate
and in their right places. Overall, the internship was a total game-changer. It gave
me the practical skills I need to crush it in the accounting world.
II. Company’s Background / Profile
Ocampo’s Angeles was founded on October 10, 1948, amidst the vibrant
celebrations of the La Naval Fiesta. This auspicious beginning marked the start of a
long and successful journey in the retail industry. The business began with modest
resources, employing two dedicated salesgirls and one utility boy, operating out of a
small space on Luna Street, adjacent to the bustling public market.
In 1955, Ocampo’s Angeles took a significant step forward by relocating to its
permanent home on Plaridel Street. This move not only provided a more strategic
location but also allowed the business to expand its operations and better serve its
growing customer base.
Over the past seven decades, Ocampo’s Angeles has built a strong reputation
in the retail sector. The company’s mission, founded on the principle that a satisfied
customer is the best advertisement, has been the cornerstone of its success. This
customer-centric approach has fostered a loyal clientele and established Ocampo’s
Angeles as a trusted name in the community.
Today, Ocampo’s Angeles stands as a proud symbol of commitment to quality
and customer satisfaction. With a rich history and a steadfast dedication to its
mission, the company looks forward to continuing its legacy of excellence in the retail
industry for many more years to come.
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III. The Nature of My Work
The lifeblood of Ocampos, a merchandising store, is its accounting
department. They ensure smooth operations and financial health by handling
everything from daily transactions (sales, purchases, collection, and expenses) to
managing accounts payable and receivable. This department also plays a crucial
role in inventory control and generating key financial statements – cash flow, balance
sheet, and income statement – that guide management decisions.
Going beyond record-keeping, the accounting team prepares budgets,
forecasts revenue for future planning, and ensures tax compliance by filing returns.
They implement internal controls to safeguard resources and streamline audits. They
continuously improve processes, maintain relationships with vendors and customers,
and manage accounting software. In short, this department acts as Ocampos's
financial backbone, guaranteeing its stability and success.
V. Getting Along on the Job
Accounting Department
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Observation on the Rules and Regulations of the Office
Ocampo’s is all about getting things right, but with a surprising twist – it's
actually a fun place to work. Meeting deadlines for reports is important, but they do it
with a smile. Everyone works together to make sure the numbers are accurate, but
there is a real sense of teamwork and friendship. Even when they double-check
things, which they do a lot, it is done in a helpful way.
Being professional is important, but they are also all about being nice, talking
clearly, and maybe even having a little laugh together. Dressing appropriately is a
must, but it is still a friendly and supportive environment where everyone feels
comfortable talking. They have clear rules to follow to avoid mistakes and keep
things on track. This means checking things carefully, approving payments, and
keeping good records. This way of working keeps things accurate and efficient, but it
also makes it a fun place to be for the whole accounting team – everyone feels like
they are on the same page and having a good time.
V. An Evaluation of my Training
A. Functional Areas of the Company
 Official Procedures
My internship at OAI General Merchandise Corp. gave me a solid understanding
of their official ways of doing things. These procedures were carefully written down
and followed by everyone, which ensured consistency across the company. I
learned how important it is to stick to these set guidelines, especially for things like
financial reports, everyday transactions, and audits. This helps keep all the financial
information accurate and reliable.
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 Administrative
The administrative team at OAI General Merchandise Corp. truly impressed
me. Their well-organized structure and open communication channels ensured
everything ran smoothly. They expertly handled communication, scheduling, and
record-keeping, freeing up others to focus on their core tasks. Witnessing their
efficiency firsthand made me realize the critical role administrative support plays in
the smooth operation of both the accounting department and the entire company.
 Accounting
The accounting department operated with clear structure and well-defined
roles for everyone. This allowed me to learn a wide range of accounting tasks,
including budgeting, inventory management, financial reporting, and handling
accounts payable and receivable. They ensured accurate financial management by
strictly following accounting rules and utilizing advanced accounting software. This
experience significantly enhanced my understanding of company financial
procedures and equipped me with practical accounting skills.
B. Office Equipment Used
During my internship, I got hands-on experience with a variety of essential
office equipment. Everyday tasks relied on desktop with accounting software,
printers, scanners, and photocopiers. For more in-depth analysis and reporting, I
even used specialized tools like financial spreadsheets (excel) and calculators.
Mastering these tools was crucial for completing my tasks efficiently and effectively.
This experience highlighted the importance of proficiency in using office equipment
to excel in accounting roles.
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C. Duties and Responsibilities / Work Done in the Company
My internship exposed me to a wide range of tasks that provided a well-
rounded understanding of office operations. I maintained accurate inventory levels
by updating in and out stock cards, and assisted with creating the company's
organizational chart. I honed my data management skills by sorting receipts, filing
documents, and validating data for accuracy. Additionally, I contributed to daily
operations through printing, photocopying, and organizing documents. Furthermore,
I helped shred old receipts to ensure proper record management and even
participated in the creation and printing of company cheques. A particularly notable
project involved revamping the entire stock card system by transitioning to new
cards. These diverse responsibilities not only provided valuable experience but also
demonstrated my ability to contribute to various aspects of the company's smooth
functioning.
Observed Organizational Values
 Interpersonal Relationships
The importance of strong interpersonal relationships was clear at OAI General
Merchandise Corp. Employees worked together seamlessly, fostering a positive
work environment through collaboration and mutual respect. Open communication
and a culture of respect were key to building trust, respect, and a strong sense of
unity among team members.
 Working Relationship with the Executive & Co-Workers
The work environment at Ocampo’s fostered a culture of open communication
and collaboration. Executives were approachable and has a consistent
encouragement to the employees to share their ideas and concerns freely without
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having the fear to bbe judged. This open-door policy ensured everyone felt heard
and valued, creating a more inclusive atmosphere. As a result, employees at all
levels worked together seamlessly, which boosted overall morale and productivity.
 Teamwork
OAI General Merchandise Corporation emphasized teamwork as a core
value. Collaboration was evident throughout the company, with employees frequently
working together on projects, delegating tasks effectively, and supporting each other
to achieve common goals. This collaborative spirit was particularly strong within the
accounting department, where team members worked together to meet deadlines,
solve problems, and improve processes. This teamwork not only boosted
productivity but also fostered a more lively and enjoyable work environment.
 Quality of Service Delivered
The entire company displayed a genuine commitment to excellent customer
service. Providing dependable and competent service to both internal and external
stakeholders was a top priority. This dedication to quality was evident in the
emphasis on precision in financial reporting, close attention to detail, and a strong
focus on customer satisfaction. Employees were encouraged to strive for excellence
in every task and take pride in their work, ensuring a consistently high level of
service.
 Punctuality
Within the company, punctuality was highly regarded and closely monitored.
Employees were expected to follow their work schedules and finish assignments by
the deadline. This emphasis on timeliness demonstrated the organization's
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professionalism and respect for time, while also ensuring activities ran smoothly and
efficiently.
Personal Grooming
Professional appearance and personal grooming were important aspects of
the workplace culture at Ocampo’s. Employees were expected to present the
company's image and ideals through appropriate work attire. Maintaining a neat and
professional appearance benefited the company's reputation both internally and
externally. This focus on professional presentation also contributed to a courteous
and professional work environment.
VII. Problems Encountered During My Training and How I Solved Them

My internship in Ocampo’s accounting department presented several
challenges, which ultimately proved to be valuable learning experiences. Initially, the
large number of daily transactions made it difficult to keep everything organized and
accurate. To address this, I prioritized tasks by placing the most important
transactions at the top of my workload and created a detailed checklist to ensure
completion of all tasks.
Another challenge comes during reconciliations, where discrepancies in
financial data required identification and correction to maintain data integrity. I
meticulously reviewed all relevant documents and transactions, cross-referencing
entries with actual invoices and receipts, to pinpoint discrepancies. By working
closely with my fellow interns and maintaining accurate records, I was able to rectify
these errors and update the data accordingly.
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Adapting to the professional work environment also necessitated adjustments
in professionalism and workplace etiquette. I focused on maintaining punctuality,
adhering to the dress code, and communicating in a professional manner, taking
cues from the behavior of my more experienced colleagues. To ensure I was on the
right track, I actively sought feedback from my supervisor on my performance and
areas for improvement. This proactive approach helped me successfully adjust to the
professional environment.
Through perseverance and a commitment to learning, I overcame these
challenges and made meaningful contributions to the accounting department at OAI
General Merchandise Corporation.
VIII. Observation, Assessment and Recommendation of the Student Intern in

their Host Establishment
My internship at OAI General Merchandise Corp. was a great learning
experience. I got a good understanding of their work environment and accounting
practices by watching how things were done. I learned the accounting software and
procedures quickly, and that helped me handle daily financial tasks and contribute to
preparing financial statements.
I was always on time, dressed professionally, and communicated well with
everyone. I'm good at learning new things quickly, using technology, and paying
close attention to detail. However, I realized I could improve my analytical and
analyzing complex financial data, and solving tough problems. To get better in those
areas, I would like to take some extra training in financial analysis. I would also like
to take on harder tasks. Getting regular feedback on my work would be helpful too,
so I can see how I am doing and keep improving.
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Overall, my internship at OAI General Merchandise Corp. was very
remarkable, unforgettable, and something I can value forever as they gave me the
skills, experiences, and lessons I need for a successful accounting career.
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IX. References / Appendix
Appendix A – Certificate of Completion
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Appendix B – Internship Attendance Sheet
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Appendix C – Resume
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Appendix D – Internship Application Form
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Appendix E – Initial Deployment Forms:

Endorsement Letter
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Internship Training Agreement Form
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Reply Form
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Consent Forms:
Informed Consent & Student Undertaking
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Certificate of Parental/Guardian Consent
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Appendix F – Student Performance Evaluation
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Appendix G – Self- Evaluation
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Appendix H – Company Evaluation
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Appendix I – Training Plan
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Appendix J – Internship Weekly Report
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Appendix K – Diary or Journal
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Appendix L – Supplemental Photos
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HOLY ANGEL UNIVERSITY

HOLY ANGEL UNIVERSITY

OAI GENERAL MERCHANDISE CORPORATION

FEBRUARY 22, 2024 – JUNE 20, 2024

SBAPract Form 012

Name: TANGLAO, ALLYZA U. SEC: A-346

I. The Goals of My Off-Campus Practice…..…………………………......……..... 6

Personal Skills ...……….........................………......………………...…........…. 6

Business Skills …………………………..……………..….......…........................ 6

II. Company’s Background/Profile ……………...............................………...…... 7

III. The Nature of my Work …....……….……………………........…....…….…....... 8

IV. Getting Along on the Job………………………………......……..…….….…...... 8

Name of the employees in the company……….……………………......……… 8

Observation on the Rules and Regulations of the Office……......................... 9

Functional areas of the company ..……………………….……...........….…..... 9

Office Procedures ……….…………………….………….............…………....... 9

Office Equipment Used …………………………………….......….…...……….. 10

Duties & Responsibilities/Work done in the company ………………............. 11

VI. Observed Organizational Values …………………….………………..……........... 11

Interpersonal Relationships ………………...….…………………...........…….. 11

Working Relationship with the Executive & Co-Workers …............…...……. 11

Quality of Service Delivered ………………...................................…………... 12

Personal Grooming ………………………………......………….………………. 13

VIII. Observations, Assessment and Recommendation of the student intern in

their Host Establishment …………………........……….…............................. 14

Appendix A – Certificate of Completion…………………….....……..….……. 15

Appendix B – Internship Attendance Sheet ………………………………….. 16

Appendix C – Resume .………………………..…………….......…..…….…... 18

Appendix D – Internship Application Form ……………………….…….......... 19

Appendix E – Initial Deployment Forms ……………………....……...........… 22

Endorsement Letter …………………......…............................. 22

Internship Training Agreement Form ..……...................…….. 23

Reply Form …....………………...………............…...……...….. 24

Consent Forms ………………………………........….….…....... 25

Appendix F – Student Performance Evaluation ……………..................…… 27

Appendix G – Self-Evaluation ……………..........…………............….....….... 30

Appendix H – Company Evaluation ………………............................…....…. 31

Appendix I – Training Plan …………………………………………….……….. 32

Appendix J – Weekly Internship Report ……………………………….……… 34

Appendix K – Diary/Journal ………………………………………….………… 51

Appendix L – Supplemental Photos ...…………........................................... 67

SCHOOL OF BUSINESS AND ACCOUNTANCY

I. The Goals of My Off-Campus Practice

Juggling the responsibilities of a third-year accountancy intern at OAI General

Merchandise Corp. alongside my three years as a university scholar instilled in me

the importance of personal and professional growth. This off-campus experience

provided a valuable opportunity to hone those skills. Balancing my responsibilities as

me to develop strategies to prioritize tasks, meet deadlines, and stay organized in a

demanding environment. Additionally, clear communication is crucial in any

professional setting. Throughout my internship, I actively worked on improving my

communication by listening attentively, asking clarifying questions, and effectively

conveying information to colleagues, superiors, and potentially even clients. Finally,

the internship presented challenges that I viewed as opportunities to strengthen my

problem-solving abilities. I focused on independently analyzing situations, identifying

solutions, and taking initiative to address them effectively.

My internship at OAI General Merchandise Corp. was remarkable. Instead of just

me the practical skills I need to crush it in the accounting world.

II. Company’s Background / Profile

small space on Luna Street, adjacent to the bustling public market.