JMJ Marist BrothersNOTRE DAME OF KIDAPAWAN COLLEGE

Kidapawan City

The Internship Experience at Landbank of the PhilippinesKidapawan Lending Center

In partial fulfillment of the requirements in Accounting 500

Presented to:

Mrs. Cherry Lyn A. Limbago, CPA

Presented by:

Ameliza E. Languido

May 2014

I A brief description/history of the training agency/ establishment

II Narrative Report

1. Description of the key task and responsibilities performed during the

internship; including analysis, evaluation and application of business,

accounting and auditing concepts

2. Evaluation of the training and overall learning environment provided by

the employer including the most valuable learning/s

3. Evaluation of the internship experience on how it has impacted their

career goals; including human relations aspect, leadership and

management skills and social challenges

4. Evaluation on how the Accountancy Program have prepared the students

- how the formal education and work experience interrelate

5. Reflections, insights, realizations

6. Total number of actual hours worked during the internship -including work

schedule

7. Recommendations for the improvement of the internship program.

III Paper and documents

Letter of application (where needed)

Waiver of claims

Notarized training agreement

Endorsement Letter

Certificate of completion of the Internship

Daily time record (attested by the out campus supervisor)

Accomplished evaluation sheet

IV Documentation

II- NARRATIVE REPORT

1. Description of the key task and responsibilities performed during the internship; including analysis, evaluation and application of business, accounting and auditing concepts.

I often hear from persons who were employees of different institutions that

everything will always commence from the bottom. And as an OJT-trainee I

experience the same. During my internship at Land Bank of the Philippines

North Cotabato Lending Center (LBP-NCOLC) started March 31, 2014 I was

tasked to file documents, do the photocopying of it, print documents then file

them, and other duties assigned to us by the Department Manager Assistant

like answering phone calls, do phone calls, faxing of documents, logging

of incoming/outgoing documents, filling up Disbursement Orders and follow-up or

ask information from the department personnel. I find these tasks as essentials in

every business, because the applications of these jobs will really help a lot for a

company or entity in doing its functions and in attaining their corporate goals. We

were also given the task to make the entity’s clients to feel comfortable whenever

they were inside the office by giving them a seat and something to drink. I am

also tasked to put stamp on filed client’s documents whose accounts are already

fully paid. I am then asked to fill important information on release papers of the

Sikat-Saka program of LBP-LC and to sort documents of the same kind and then

file them.

2. Evaluation of the training and overall learning environment provided by

the employer including the most valuable learning/s

During the first few days of my training at LBP-LC I find the tasks given to

me, those mentioned above, are totally not related to what the accountancy

program prepared me for in the future. But as my training continues I then

realized that the real essence of being an intern is that we are given the privilege

to observe the processes/procedures or the environment, as a whole, of the

establishment which is helpful for me as a trainee to widen my learning in my

chosen course. As far as I have observed/heard in the conversations inside the

entity, some of these reminds me of some discussions inside the classroom

which made me realized that those lessons taught to us are learning we can use

in the future, especially in subjects which relates in accounting, business analysis

which they frequently use to determine whether they would grant a loan to their

clients like profitability analysis, liquidity and risk analysis, the imposing of

interest in the principal amount lend and a little about auditing, since, I was only

able to read the audit report on the entity’s management and on their clients and

personnel and of course I was able to apply my learning on dealing with different

individuals which is taught to us in our management subjects.

3. Evaluation of the internship experience on how it has impacted their

career goals; including human relations aspect, leadership and

management skills and social challenges

The internship experience had taught me plenty of lessons, as I mentioned

earlier, which has impacted my career goals especially in dealing with different

persons with distinct personalities and which I think is one of the most

challenging parts during my OJT. Aside from the fact that at first I am timid to

blend with our “Sirs “and “Maams”, I really had a hard time to socialize with one

of the employees because she always treat me and my fellow interns like we

cannot do anything right, but then thanks to her I was able to learn how to adjust

if I’ll be meeting people with a personality like hers.

4. Evaluation on how the Accountancy Program have prepared the

students -how the formal education and work experience interrelate

Unfortunately for me I was not able to maximize what the accountancy program

prepared me for the future since I was not able to practice the steps in making

accounting reports and others but I learned the best lesson that the formal

education and my work experience had mutually taught me, that is on how to

deal with other people and other work ethics/practices. And again as I observe

formal education and work experience interrelates since the company is using

terms/processes/procedures that the formal education introduced to me.

5. Reflections, insights, realizations

My On-the-Job-Training at LBP-LC, It made me realized that life in a

corporate world is real fast. You need a discipline in doing all your responsibilities

as part of the company because every day is a competition and as an employee

you contribute a lot or it is in your hands where company’s functions lies. I also

realized that in dealing with persons with different personalities is truly difficult but

if you only know how to adjust yourself and try to be casual it will surely work for

the situation because you really cannot please everyone.

6. Total number of actual hours worked during the internship -including

work schedule

The total number of hours worked is 250 at Land Bank of the Philippines-

Lending Center from March 31, 2014, Monday to Friday excluding holidays at

8:00 am- 12:00 noon and 1:00 pm-5:00 pm.

7. Recommendations for the improvement of the internship program.

I recommend that the documents/papers necessary to present in applying for

OJT should be available to students whenever they needed it so that they can

apply to office which they would be best for them because some schools have

already applied in the same entity and NDKC students who will apply for OJT is

then forced to give up their first chosen office and to find for another.

I- A brief description/history of the training agency/ establishment

LAND BANK OF THE PHILIPPINES History

The Land Bank of the Philippines is a government financial institution that strikes

a balance in fulfilling its social mandate of promoting countryside development while

remaining financially viable.

This dual function makes LANDBANK unique. The profits derived from its

commercial banking operations are used to finance the Bank’s developmental

initiatives and program.

Over the years, LANDBANK has successfully man managed this tough balancing

act as evidenced by the continued expansion of its loan portfolio in favor of its priority

sectors: the farmers, fisher folk, small and medium enterprises and microenterprises,

livelihood loans and agribusiness, agri-infrastructure and other agri-and

environment-related projects, socialized housing, schools and hospitals.

Today, LANDBANK is by far the largest formal credit institution in the rural areas.

Its credit delivery system is able to penetrate a substantial percentage of the

country’s total number of municipalities.

LANDBANK also ranks among the top five commercial banks in the country in

terms of deposits, assets, loans and capital.

From its initial role as the financing arm of the agrarian reform, LANDBANK has

evolved into a full service commercial bank, But the essence of its existence has not

changed at all-and that is to make the countryside continuously throb with life.