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8/12/2019 504 Syllabus Revised
http://slidepdf.com/reader/full/504-syllabus-revised 1/4
SCHOOL OF ACCOUNTANCY AND BUSINESS MANAGEMENT
SAINT LOUIS UNIVERSITY
BAGUIO CITY
COURSE TITLE : ACCOUNTING 504
DESCRIPTIVE TITLE : INTERNSHIP ON ACCOUNTING PRACTICESCREDIT : THREE (3) UNITS
PREREQUISITE : ACCTG 501 & Completion of at least 90% of courses in the BSMA curriculum
COURSE DESCRIPTION:
This is an applied academic experience conducted under joint faculty internship advisor and cooperating
agency supervision which requires a minimum of one semester and will include a minimum of 300 contact hours.
This may be in the areas of accounting, external audit, internal audit, or tax. Each intern registers for this course
which will be given three hours credit. Each internship assignment shall meet the following requirements:
1. Be substantial and practical, including analysis, evaluation, and application of business, accounting, and
auditing concepts;
2.
Be subject to periodic documentation of progress and review by both the cooperating agency and facultyinternship advisor; and
3. Culminate in a final evaluation prepared by the cooperating agency and a final course grade awarded by
the faculty internship advisor.
Students are required to submit a written report documenting the tasks, responsibilities, learning
experiences, training, and hours worked. Reports should include comments on areas such as human relations
aspects of their work, including leadership and management skills; importance and emphasis on teamwork as
opposed to individual work; technical, intellectual, physical, and social challenges; work schedule; and how the B.S.
Accountancy / Management Accounting Program course work prepared them for internship. The report should
also cover the following: (a) description of key tasks and responsibilities performed during their internship,
including their assessment of the most valuable things you learned; (b) evaluation of the training and overall
learning environment provided by the cooperating agency; (c) evaluation of their internship experience and how it
has impacted their career goals; (d) how well the Accountancy Program prepared them for the internship includinga description of how their formal education and work experience interrelate; (e) recommendations for
improvement of their specific internship position and the Accountancy Internship Course in general; and (f) total
number of hours worked during internship.
GUIDELINES:
In order to ensure a fair and manageable system to deal with internships, the following guidelines are adopted to
serve as minimum requirements for a student to receive internship credit.
1. Internships are generally reserved for those who are in their senior year or those who have already completed
all or most of their major field courses [near seniors].
2. Credit will only be assigned or accepted in cases where the faculty internship advisor is directly involved in
determining both the course content and in evaluating the student's work.
3. The internship should be purposeful, provide opportunities for reflection, present a continual challenge to the
student, and incorporate active learning, with the student as active participant in all stages of the learning
experience from planning to evaluation.
4. Before deployment to the cooperating agencies, the faculty internship advisor shall:
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Discuss the guidelines as prescribed in the syllabus of the subject as well as provisions of the
memorandum of agreement
Orient them on their responsibilities, accountabilities and proper decorum
Proper attire/uniform to be used
Require the submission of the following:
a) Curriculum vitae - in two(2) copies: 1 copy for the advisor and 1 copy for cooperating agency
b) Envelope – to place submitted reportsc) Index card (5 x 8) – to indicate remarks / summary reports for each intern
5. The student-intern must discuss the internship plan with the faculty internship advisor before being deployed
to the cooperating agencies. The internship plan is prepared by the intern at the beginning of the term,
indicating the objectives, the specific/actual work to be done, expected output and the expected time frame.
Internships are arranged individually and must be set up before registration so that proper arrangements can
be made for supervision of the work, for the type and amount of work to be done, and for evaluation of the
work. Unusual internships should be discussed with the Dean's office, endorsed by the Head of the
Department of Accountancy, before they are approved for offering to the student. This is accomplished in
four(4) copies:
1st
copy - Internship advisor
2nd
copy – Representative of Cooperating Agency
3rd
copy - Head, Department of Accountancy4
th copy - Intern
6. The faculty internship advisor prepares the endorsement letter and has it endorsed by the Head of the
Department of Accountancy and the Dean of the School of Accountancy and Business Management.
7. The internship situation must have the following components or elements before it will qualify for giving the
student credit:
It must be a position in which the student will do work that is directly related to accounting or auditing.
The student must be supervised by someone at the internship location who will be in a position to
oversee and evaluate the work of the intern. The specific conditions of the internship are to be worked
out between this supervisor and the faculty internship advisor in the Department of Accountancy of the
School of Accountancy and Business Management. The internship supervisor will accomplish a writtenevaluation of the student's work at the conclusion of the internship and send it to the supervising faculty
member.
A written internship plan should be produced and distributed to the student, the faculty internship
advisor, and the supervisor at the internship site before the internship begins. This plan should give a
good idea of the work to be done, when it is to be done, and how the work will be evaluated.
The internship situation must be one in which the student can submit strong and tangible evidence of his
or her work to the supervising academic department for evaluation.
8. The amount of accounting or audit work may vary, according to the difficulty level of such work. However, the
faculty internship advisor should expect to receive work of the same quality and volume as would be expected
in any course at the same level as the internship course for similar hours of credit.
9. The interning student's grade will be determined by the faculty internship advisor, based on the followingcomponents:
the faculty facilitator’s assessment of the student's work done during the internship
the on-site supervisor's assessment of the student's work, with emphasis on the student's work directly
applicable to the academic area
The interning student should note the dates for beginning and ending the evaluation period; he/she must
submit the work done and the evaluations in time for the faculty internship advisor to submit the course
grade. This time should be set at the beginning of the semester and should be agreeable to the student,
the on-site supervisor, and the supervising faculty member
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Students need to keep their faculty internship advisor updated on the progress of the internship while
away from campus.
Periodic Progress report – to be prepared by the intern and should coincide with the internship plan
submitted. It includes the objectives, actual work done, expected output, actual output, time frame, and
explanation of variance (if actual output is not equal to expected output) This is to be submitted every
other two weeks / end of payroll period, signed by both the intern and the on-site supervisor of the intern
at the cooperating agency. This form shall be supported by a Daily Time Record (DTR). This isaccomplished in three(3) copies:
1st
copy – Faculty Internship advisor
2nd
copy – Representative of Cooperating Agency (optional)
3rd
copy - Intern
Final report – to be prepared by the intern at the end of the term, this should be hand-written and not
more than three pages. It includes, but not limited to, comments on areas such as human relations
aspects of your work; leadership and/or management skills; importance and emphasis on teamwork as
opposed to individual work; technical, intellectual, physical, and social challenges; work schedule; etc.
The following areas are to be commented by the intern:
i. Description of key tasks and responsibilities performed during the internship:
ii. Assessment of the most valuable things you learned from the internship:
iii. Evaluation of the training and overall learning environment provided by your employer:
iv. Evaluation of your internship experience and how it has impacted your career goals:
v. How well the Accountancy Program prepared you for the internship (Include a description of
how your formal education and work experience interrelate):
vi. Recommendations for Improvement of (a) your specific internship position and (b) the
Accountancy Internship Course in general:
vii. Total number of hours worked during internship
This is accomplished in three (3) copies:
1st
copy – Faculty Internship advisor
2nd
copy – Head of the Department of Accountancy
3rd
copy - Intern
Internship Evaluation – this is to be filled up by the interning student’s on-site supervisor at the
cooperating agency. The evaluation shall be signed and placed in a sealed envelope when submitted to
the faculty internship advisor.
10. The faculty internship advisor is expected to make periodic visits (at least once per term – prelim, midterm,
final) at the interning student’s work place, so as to monitor their attendance and performance as well as
discuss with the on-site supervisor any augmentation/improvement of the program in relation to the intern
assigned to them.
11. The faculty internship advisor shall submit a summary report for each interning student on their progress of
their internship program with the cooperating agency. The summary report shall cover the prelim, midterm
and final term of the semester. It shall include the following information: name of the interning student,
name of cooperating agency, date when internship training started with the cooperating agency, total number
of hours completed from the date started/date of last summary report, whichever is later, to date this report
is prepared, total number of times visited the interning student at the cooperating agency’s office,
remarks/comments during the visit. This form shall be prepared in two (2) copies with 1 copy submitted to
the Head of the Department of Accountancy and 1 as their file.
12. At the end of the term, the faculty internship advisor shall submit the following to the Head of the Department
of Accountancy:
Summary report for the final term
Final report of each interning student
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Summary of Recommendations/Suggestions of Cooperating Agency for the improvement of the
Internship Program
Evaluation of internship
13. Before the end of the term, interning students shall attend a seminar on topics in relation to employment as
coordinated by the Department of Accountancy.
* This course description and policies are general statements regarding the internship program of the Bachelor of
Science in Accountancy and Bachelor of Science in Management Accounting programs. Standards are to be set
by the Head of the Department of Accountancy of the School of Accountancy and Business Management which
will be the minimum criteria, rules, and procedures, such as the grading system, that will help ensure the
achievement of the course objectives and its policies.
* Chapter IV B of the Saint Louis University Student Handbook provides the following.
Every student is always identified with the university he belongs. It is his responsibility to help
maintain the good image of the university by conducting himself in a manner befitting a
Catholic student. Consequently, he should be aware at all times that his behaviour is reflective
of the training he gets in the university. While outside the campus he should observe generally
accepted rules of conduct and norms of behaviour.
It is accepted that accounting/accountancy students who are going to conduct internship activities will interact
with persons outside of the university. During internship, students carry with them the name and reputation of
Saint Louis University. Their actions are reflective of the values that Saint Louis University has imbued upon
them. As such, accounting/accountancy students continue to be connected with the Department of
Accountancy. As a symbol of their association with the Department of Accountancy and as a constant reminder
of their duty to uphold the values of Saint Louis University, students enrolled in ACCTG 504 shall be required to
be in a prescribed uniform wear in carrying out their internship activities. Guidelines for such uniform wear shall
be provided for by the Head of the Department of Accountancy.
Basis for Course Grade:
PRELIMS MIDTERMS TFGInternship Plan 20%
Periodic Progress Report 45% 65% 5%
Observations during visit 35% 35% 5%
Final Report 15%
Internship Evaluation 75%
Total 100% 100% 100%
N.B.
The effect of the percentage distribution on the official final grade is:
Evaluation of Cooperating Agency (75% x 1/3) 25%
Evaluation of Faculty Internship Advisor (Observations):
Prelims – 35% x 1/3 11.67%
Midterms – 35% x 1/3 11.67%Finals – 5% x 1/3 1.67% 25%
Interning Student’s performance:
Internship plan – prelims – 20% x 1/3 6.67%
Periodic Progress Reports:
Prelims – 45% x 1/3 15.00%
Midterms – 65% x 1/3 21.67%
Finals – 5% x 1/3 1.67%
Final report – finals – 15% x1/3 5.00% 50%
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