Академический Документы
Профессиональный Документы
Культура Документы
Narrative Report
PLACE OF WORK
The program gave us 500 hours of office internship at the Iloilo Accounting
Center Land Bank of the Philippines, 4th floor, Corner Iznart-Solis Sts., Iloilo City
Monday to Friday, from 8am to 5pm for the period covering November 3, 2014 up to
March 10, 2015.
JOB ASSIGNMENT/S
On the first day that we came to the company, we were interviewed by the
Accounting Head, Maam Mila Aguro. We were asked to introduce ourselves and talk
about interesting facts about our lives. On this day, we were also oriented about the rules
and regulations that we need to abide. We were then designated to our respective
supervisors for our placement and were introduced to the work that we need to do. As for
me, I was assigned to be the trainee of the Control and Analysis Bookkeeper, Sir Gerald
Servidad. He taught me the usual tasks of being a bookkeeper of the Control and Analysis
Department like:
JOB DESCRIPTION
numbers.
Preparing of bank statements
Photocopying of documents
Preparing of daily paper works
Printing of documents
Preparing of GLFX reports for BSP
Recording of Returned checks
Delivering of documents to the lending and audit department
Counter checking of checks before mailing
Sending of documents through fax machine
Confirming of sent documents
Photocopying of documents
A useful tool in reproducing documents in an easy way.
Checks
Printing of documents
Also a useful way to reproduce documents that are in soft copy.
Credit Investigation Report is a report about the financial capability, the property
to be mortgage, and the project to be built by a certain client. Its a report showing if a
client can repay if ever the bank will allow him to borrow money. Its a report showing
the approval to grant loan to a client.
Appraisal Report
Appraisal Report is a report about the properties of the client, if the value of the
properties increases or decreases. Its also a report if theres an improvement about the
properties of the client.
Accounts
The records that are kept for the individual asset, liability, equity, revenue,
expense, and dividend components are known as accounts. In other words, a business
would maintain an account for cash, another account for inventory, and so forth for every
other financial statement element. All accounts, collectively, are said to comprise a firm's
general ledger.
Typing
Typing is the process of writing or inputting text by pressing keys on a
keyboard/typewriter. Typing skills are somewhat useful when youre working in the
office. You can use your typing skills when editing or supplying some information in a
document (hard copy).
Loans
Loans are what we are offering to our clients. Loan is when you let someone
borrow an amount of money and expect it to return with interest. ILC allows people,
specifically farmers, cooperatives and medium business owners, to borrow some amount
of money to finance their business but in return, they have to pay it back for a certain
period of time with interest. Failure to pay it in full on due date makes that person pays
for another amount of money which we call penalty.
Source documents
It is the evidence that a financial transaction occurred. A source document
describes all the basic facts of the transaction such as the amount of the transaction, to
whom the transaction was made, the purpose of the transaction, and the date of the
transaction. The source documents are analyzed to determine the nature of a transaction
and what accounts are impacted. Source documents should be retained (perhaps in
electronic form) as an important part of the records supporting the various debits and
credits that are entered into the accounting records. Like a Disbursement Order supported
by receipts.
Interest
It is a fee paid by a borrower of assets to the owner as a form of compensation for
the use of the assets. It is most commonly the price paid for the use of borrowed money,
or money earned by deposited funds. An interest rate varies from day to day but you can
negotiate with the bank for fixing the interest rates of your loan.
Confidentiality
Time is gold- Ive learned that we should treasure the free time that would
be given to us when we were on duty, like for me, when I have vacant time, I used that
time to study and make my diary which I need to pass for the practicum report
God before anything else- this lesson was not different to me, but I was
always busy that I sometimes forget God every morning. In ILC, we always do the
Morning Prayer to thank God of another day that He had given to us. We humbly
acknowledge and thank Him of all the blessings that we received day by day. Since God
is the source of all things, we asked Him to guide us in our daily tasks, that He will still
give us a lot of reasons to live and survive
RESPECT- I fully understand the word respect for your superior when
youre already at work. Not because she might give you low grades but I the sense that
she is teaching you the things that are unknown to you before. Respect is one the
keyword for a healthy relationship. Keep also in mind that respect not just your superior
but also your co-workers and clients. They are also part of your daily live.
Confidentiality- what you hear in the office, stays in the office. Dont tell
anybody of the things you heard in the office, either bad or good, anyway its none of
your business. And for the reason that, not all information must go in public and dont do
things that can ruin someones life by telling their secrets to others. Secrets are secrets
and must stay secrets.
admit that Im a hard-headed person, I dont usually listen to the advice of other people
because I think I can do better on my own and I easily get bored and irritated when Im
doing the same tasks but in LBP, I learned to listen to my supervisors instructions and try
to control my temper when Im doing the same tasks over and over again.
Dealing with diversities- there are a lot of people in world, you must
learn how to handle different kinds of attitudes, feelings and beliefs. I learned to deal with
unwanted clients and telephone calls and co-workers. I learned to treat them as the most
valuable thing in my practicum even though they sometimes irritate me.
Personal Views
A practicum is an exciting opportunity for me to learn and gain real world
experience in the field. Although it is recognized that field experience requires time,
energy and personal commitment beyond that of traditional University classes practicum
is a fun part of the program which we have considered to be a highlight of our education.
Practicum experience gives me the opportunity to put my theory into practice. I
did get a sense of the real-world responsibilities you'll face after graduation and find the
perfect niche within my field. Being in the field is not an easy task, but I must admit that
I enjoyed the experience. During our first day of practicum I didnt know what to expect
about my superior, her co-workers and most especially the Department Manager. As days
passed, I learned the attitudes of my superior, her co-workers and Maam Vivian. I
learned that they are all good. They treat us as one of the family. They motivate us to do
our work properly even though sometimes were doing it in a different way. They didnt
provoke us but instead teaches us how to do it properly in a nice way.
It enhances my professional experience and broadens my understanding of policy
and practice. Being in the field broaden my beliefs and ideas. I got to deal with different
kinds of people. I got to make new friends and acquaintances in order to blend with the
new environment. I learned how to adopt new attitudes and personalities. Practicum is
also a matter of sacrifice because when we already having our classes, we really have to
stay very late at night just to study our lessons because tomorrow well have a quiz,
exams, or seat works and wake up early in the morning to go to work in order to finish
the 250 hours that were allotted for our practicum.
Each practicum allows the student to learn theory and immediately apply it. Not
only does this provide the much-needed practice, but also it presents the opportunity for
each student to develop their own personal beliefs and morals in regard to their work. The
lectures that accompany the practicums provide specific strategies that can be practiced at
the job site. This is vital, and helps the individual to know and become comfortable with
their own unique style. When an organization hires an individual, they expect them to
know what to do in difficult situations. The practicum experience leaves us with the
confidence to handle nearly everything that may come along. It is absolutely essential
that we have the proper training, so we know how to do the best job possible.
B. ANALYSIS REPORT
HISTORY OF LANDBANK
The story of Land Bank of the Philippines is the story of the Filipino farmer and
Philippine countryside development. The journey began when President Diosdado
Macapagal provided the vision and leadership for the passage of Republic Act No. 3844
on August 8, 1963. Known as the Agricultural Land Reform Code, it also created the
Land Bank of the Philippines.
Taft Avenue in Manila. Working under Dr. Katigbak was a staff of 10, most of who were
borrowed from the ACA personnel. In 1965, the Bank formally adopted its by-laws, its
first table of organization and its first manual of operations.
With the assumption of President Ferdinand E. Marcos in 1969, a new Board of
Trustees was formed, and Benjamin Del Rosario was designated as LANDBANK
president. The staff grew to 23 when it moved to the Ramon Magsaysay building on
Roxas Boulevard in Manila.
Commission
(ARFC),
tasked
with
reorganizing
LANDBANK.
Thus,
began
in the corridors of powers that he started walking at an early age. It was to the sharpminded and conscientious Virata that President Marcos gave the privilege of crafting the
reorganization plan of LANDBANK.
Estanislao, on the other hand, was a man of humble origins who rose through the
ranks at the Central Bank of the Philippines. Equally known for his integrity, he was
fearless and forthright as a Central Bank official ever mindful of his role as a bank
regulator, although relaxed and amiable in demeanor. Joining the two in the Board of
Directors were then Secretary Conrado Estrella of the Department of Agrarian Reform,
and Secretary Blas Ople of the Department of Labor Estrella was a former politician who
became Governor of Pangasinan in his mid- 20s. An ardent follower of President Ramon
Magsaysay, he was at home in the company of the common man. Ople was a labor leader
who had the respect and confidence of workers as well as the intellectuals and the wellbred of society. Ople, a philosopher in his own right, was a pragmatic leader whose sense
of service was only outweighed by his sense of compassion for the needy. These two
gentlemen, who had been with the Board even before Virata came in, were the men who
suggested that the Chairman be the Secretary of Finance, a departure from the original
code which assigned both the LANDBANK Chairmanship and Presidency to just one
person. Their suggestion was followed when the reorganization plan was drafted. The
Board of Directors, in implementing PD 251, approved the Banks Program for Medium
and Long-Term Project Assistance and Shot- Term Lending. Having launched its lending
operations, LANDBANK began to lend to agricultural, industrial and home- financing
projects and other enterprises.
TRANSFER TO INTRAMUROS
Corporation
was
created
through
the
efforts
of
Estanislao.
To
developinvestment projects for former landowners, the Bank organized the Lumang
Bayan
Palacio
delGobernador in Intramuros. This was in partnership with the family of Bro. Ermelo
Gonzales of Pampanga, landowners whose vast landholdings were distributed among
their tenants.
HOLISTIC ENVIRONMENT
The Integrated Estate Development Program (IEDP), which LANDBANK
initiated in the latter half of the 1970s, aimed to provide necessary services and
infrastructure for a large cluster of CARPed lands. In the words of Estanislao,
Everything needed for development was supposed to be put in place. If we saw that
there is a need for a road from one point to another, we put up the road. In short, we
consolidated our efforts so we can benefit as many farmers as possible who live in a
specific area. Also included in the package were processing facilities and financial and
technical support.
In the early 1980s, Estanislao established three new subsidiaries- LBP Insurance
Brokerage, LBP Leasing Corporation, and the LANDBANK Educational Foundation.
We thought of the leasing company so farmers do not have equipment like tractors can
borrow from the firm, explains Estanislao, while the educational foundation was set up
so skills and knowledge can be imparted to the farmers including their children.
True to its Mandate
In effect, the achievements of LANDBANK after the country was declared a Land
Reform area and after LANDBANK itself became a universal bank were in keeping with
its mandated role to provide timely and adequate support to the Agrarian Reform of the
Philippine government.
LANDBANKs major accomplishments merely reflected its commitment to
support the government in its efforts to bring about the desired socio-economic change in
the country. On one hand, the Bank helped the farmer maintain his new status as
landowner through the implementation of assistance programs to boost his productivity
and income. On the other, it gave equal support to the landowner in his efforts to redirect
his resources to industry and other business ventures. Through its various programs
managed and coordinated by its competent, dedicated and selfless men and women,
LANDBANK led in the promotion of the value of free enterprise and encouraged
national self-reliance.
From its very beginnings LANDBANK, as a financial institution, had strong
social conscience.
AN HONEST FOR AN HONEST BANK
back to me and asked, what am I going to do? Well, I gave you that assignment, so you
better think of how you can do it, I told him. When some of them pointed out they were
not really bankers, Estanislao told them, To run LANDBANK, ypu dont have to be a
banker. What you need is a heart that has an honest concern and affection for poor
farmers. These words guided and inspired them to rise to the challenge.
CULTURE OF INTEGRITY AND DEDICATION
As the Banks manpower grew, Estanislao endeavored to create a corporate
culture appropriate to the Bank and its mission. To me, money was not everything. I
wanted the staff to realize that money wont buy them happiness. And that money wont
motivate them. What will make them happy is achievement, he says. He was successful
in this regard because when he declared a moratorium on promotions and salary
increases, the staff did not complain.
Primarily, because of him, a sense of personal integrity pervaded the
LANDBANK organization. I put emphasis on professionalism. I did not tolerate the
staff getting around the legal process to favor certain clients. Some borrowers would
come straight to me and I would tell them, You dont need to come to me. If your
proposal is meritorious, it will be approved. But if it does meet the requirements, it wont
be approved.
NO Behest Loans
Under his stewardship, LANDBANK never granted any behest loan. President
Marcos never called me up to ask a favor on behalf of anybody, Estanislao shares. At a
time when some government banks served the personal needs of presidential cronies,
LANDBANK, as records would show, was never the source of any loan of such nature.
Remedios Macalincag, an alumna who began work at the Ramon Magsaysay
Center office of LANDBANK, attributes the clean record of the Bank to Estanislao
whose dealings were always above board. He was all the way. Since President Marcos
never dipped into the coffers of LANDBANK, he obviously had a high regard for Mr.
Estanislao and Mr. Virata, and the rest of the Board. Besides, President Marcos believed
in the mission of the Bank. He truly wanted Land Reform to succeed, so why should he
want the Bank that finances it to fail?
Estanislao never imposed on his executives. For example, it took two years for
him to convince the concerned staff of the merits of establishing a field office in a
particular area. I just didnt tell them to put up one, he shares. To his staff, Estanislao
was a gentleman. Marissa Antero recalls, Sir would wait for the women to go in first
before he himself entered the elevator. The staff was very lucky. This was one selfmade man who knew what it meant to rise through the ranks. This man knew poverty.
When he was a young man, he went to Quiapo Church and asked the Lord to show him
how to get out of poverty. After he said his prayers, his situation in life improved. When
he came into his own, he considered it his personal mission to help the needy. After
serving in the Army, he joined the Central Bankof the Philippines. He rose through the
ranks until he was asked to head LANDBANK.
When he was LANDBANK President, he attended a rural bankers convention
where the general sentiment was rural banks were no longer getting support from the
government. He was asked by a speaker, Do you need us rural banks?It happened that
Estanislao was also seated beside a farmer- leader who asked, Does the country still
need us farmers? If you still need us, what are you doing to help us? Estanislao shares
that those questions left a deep impression on me and were very instrumental in charting
the course of action I took for LANDBANK during my term as President.
Thus, the seeds of LANDBANKs strengthening relationship with the farmer
were planted. Estanislao is clear about his hopes for the Bank that he nurtured into an
untainted institution. I hope that LANDBANK is correctly perceived as what it truly isan institution performing a heavy, non-earning social function; and at the same time is
into profit-oriented commercial banking to assure its survival, he says. The vision is
that its banking and the strong support given by the government and partner rural banks
will make LANDBANK the appropriately structured bank in the country that will help
attain the aspirations of our marginalized brothers in the countryside. By doing so, the
Bank will help release them from the bondage of deprivation, misery and hopelessness
into a life of dignity and equality. His is a dream that he himself started realizing. His 13
years with LANDBANK had indeed planted the seeds that his successors nurtured,
turning them into reality in a manner that responded to the call of the times.
What Estanislao brought to the Bank were his credibility as a banker, his honesty
and integrity, strong but compassionate leadership anchored on his personal humility, and
an unwavering commitment to the betterment of the lives of the Filipinos in the
countryside. What he possesses as a person, a leader, and a banker are the very traits
essential to LANDBANK President who would be equal to the task, honor and
responsibility. Long after he retired, Estanislaos exemplary leadership remains to be an
inspiration to the institution that he served and a model for its workforce. Today, as a
member of the LANDBANK Countryside Development Foundation, he continues to
inspireLandbankers to give their best to the institution.
Indeed, LANDBANK continues to live up to its principle of countryside
development being its lifes work- with 45 years to prove it.
VISION
LANDBANK shall be the dominant financial institution in countryside development,
committed to the highest standards of ethics and excellence in the service of the Filipino
people.
MISSION
We shall continue to provide timely financial and technical support for our farmers,
fishfolk and priority sectors.
We shall deliver innovative products and services that are consonant with ecological
enhancement and effectively address our clients needs.
We shall embody professionalism and integrity, providing our employees with a work
environment that encourages growth and rewards excellence.
LANDBANK is committed to improving the lives of all its stakeholders and working
with them to lead the country to economic prosperity.
Quality Policy
support with the widest reach, adhere to local and international standards, and
remain responsive to the changing needs of our clients and stakeholders.
measured to
ARBs;
Audit Committee
Trust Committee
2014
2013
2011
2010
executive
officers,
presidents,
or
top-level
executives
of
anniversary.
Means All the World to Us" and Newsgram, the official internal newsletter
of the Bank, each received a Philippine Quill Award of Merit during the
2009
2008
LANDBANK
was
conferred
as
the
Best
Paying
Commercial Bank during the 2008 Balikat ng Bayan Award given by the
Social Security System on its 51st Anniversary.
LANDBANK Plaza and the 10 pilot NCR Branches were conferred with
the ISO 14001:2004 certificates by the AJA Registrars, Inc.
2007
Pilipinas (BSP) for being the top contributor to the "Tulong Barya Para sa
Eskwela" campaign, a joint project of BSP and DepEd.
2003-2006
Relations Society of the Philippines for 2002 Annual Report (March 2004)
Anvil Award
of
Merit
given
by
the
PRSP for
Eligible Dealers for the combined Primary and Secondary Markets, second
and third place in the Secondary and Primary Markets award, respectively,
by the Bureau of Treasury for the period October 2005 to September 2006
2001
1999
PRSPs Anvil Award of Excellence (1999 calendar featuring centennial
Category)
1997
Again cited by World Bank and NEDA for its Countryside Loan Fund II
which is considered as the fastest-moving program among the 27 ongoing projects of the
World Bank, attaining 306 percent of its targeted disbursement as of June 30, 1997
1996
tool under the print category (1996 calendar featuring heroes along side successful Bankassisted cooperatives)
Gil Puyat Award for entrepreneurship in the 1996 YMCA Citizens Award
World Bank and NEDA citation for its impressive implementation of the
Second Rural Finance Project, or the CLF II, six months after it started.
1995
Cited by the World Bank for disbursing CLF I in a record setting of two
years, three years ahead of the draw down schedule. This paved the way for the opening
of another credit facility, the Countryside Loan Fund II
Again named one of the top accredited government securities dealer by the
BangkoSentralngPilipinas.
1994
facility from the World Bank used to finance private investments and agribusiness
activities in the countryside, was cited by the Coordinating Council of the Philippine
Assistance Program as one of the most effectively implemented foreign-funded financial
assistance programs in the country
BangkoSentralngPilipinas
based
on
its
quarterly
performance
Listed by the Securities and Exchange Commission as one of the governments top profit
earners.
1993
The 1993 Anvil Award for Best Countryside Development Program for
GawadPitak
The 1993 Kabalikat Award from the Guarantee Fund for Small and
Medium Enterprises
1992
1991
1990
The 1990 Catholic Mass Media Awards for Best Government Print Ad and
The 1990 Top Lending Bank Award for Quedan Programs for Farmer
1988
Problems are also common in the workplace like Land Bank of the Philippines
and these problems should be avoided.
These are the problems that Ive encountered during my practicum and my
solutions for these problems:
up with. They should understand that we are students who cannot do many things at once
which we have knowledge of.
There are always a stack of documents which are needed signing of the
Department Head. Some papers urgency cannot be seen due to the fact that they are
overlapping each other. The employees should arrange the way they put their documents,
and if there is any urgency, they should put it on top or separate it from the other
documents and put a note that it is urgent.
hard at first to identify if they are employees of the IAC- LBP if they are not wearing
uniform.
The stockrooms they have in the third floor are not well ventilated and
have not been organized. The company should arrange there documents and have a good
ventilation system for their stock room because they have a lot of documents from past
accounts hidden in that area.
Lack of office supplies. The office lacks office supplies due to lack of
enough budgets and at the same time due to excessive use of those papers or inks due to
mistakes in printing. Some documents cannot be filed due to limited boxes. A bundle files
are stacked in the floor. Due to this lack of office supplies, the workers cannot continue
their task and there may be stoppage of work.
SUMMARY
The Practicum was conducted at Iloilo Accounting Center, Landbank of the
Philippines from November 3, 2014 to March 10, 2015. The Practicum program was
intended to increase our knowledge and skills on how to work at a business establishment
for our future use. It gives us students the self- confidence that we need on how to
interact with people that we do not know, it also teaches us how to interact with our
superiors.
Landbank is an effective establishment which provides good training for students.
The students that have their practicum at Landbank know alot of technical duties and
office works compared to other establishments. Therefore, CPU should encourage the
students that Landbank is a good place to conduct their practicum.
RECOMMENDATIONS
The Supervisor should properly orient the new employee on how to do the
Landbank should have a fixed and strict time in, time out policy which
also includes the lunch time of the employees/trainees. Sanctions will be applied to those
who are late.
Supervisors should give their employees a break time aside from lunch
break because I have notice in my stay that the employees are always stressed
The employee should strictly observe the proper office dress code.
The employee should not use the cellphone in the working environment.
The employee should avoid chatting with each other and focus on their
Employee should accept the criticism given to them by their supervisor for
The Landbank should provide employees with the needed office supplies so
that the employees will have no reason why they didnt finish their work.
The Guards of the Landbank should be strict on employees regarding their
time card they should time in/ time out on their own if caught timing in others
without their presence penalty should be applied.