OUR LADY OF FATIMA UNIVERSITY

Collage of Business and Accountancy

Valenzuela City

A BUSINESS PRACTICUM REPORT

On

Commonwealth Avenue, Quezon City

TRAINING PERIOD: May 14, 2019 - June 20, 2019

In partial fulfilment of the requirements for the course

SWEP – SUPERVISED WORK EXPERIENCE PROGRAM

For a degree in

Bachelor of Science in Accountancy

Submitted By:

BORBONGA, ENA M.

#21 Ulingan East, Lawang Bato, Valenzuela City

0916-530-9668

Submitted To:

JULIETA I. DILLENA, CPA

Submitted On:

October 21, 2019

COA Core Values, Logo, and History
COA CORE VALUES

God Centeredness
We believe that the authority we exercise as auditors is "God entrusted" and therefore our highest
accountability is to Him.
Excellence
We perform our duties in pursuit of excellence and/or perfection.
Generosity
We promise to impart to our fellow workers whatever knowledge we have acquired for the
improvement of the audit services.
Patriotism
We recognize that the services rendered by the Commission are in response to the needs of the
people and that the interest of the country shall have priority over all other considerations.
Loyalty And Respect For Authority
We pledge to remain steadfast in our sworn duty to uphold COA’s ideals out of loyalty and
respect for authority and the rule of law.
Courtesy, Modesty And Humility
We believe that courtesy and modesty should be upheld and practiced at all times. We
acknowledge that we do not have a monopoly of technical expertise: thus we provide advice
without posing as arrogant critics of our auditees.

COA LOGO

Chief azure three mullets argent representing the national scope of jurisdiction of the
Commission on Audit; on base gules seven beasants or representing the seven functions of the
Commission. The shield is an ethnic Igorot design.
The three silver (argent) stars (mullets) on the blue (azure) background represent the national
scope of jurisdiction of the Commission on Audit; the seven gold (or) coins (besants) on red
(gules) base represent the seven functions of the Commission.

COA HISTORY

State audit in the Philippines has evolved from the ways of its ancient communities. The
incipient village societies, known as barangays, were headed by chieftains called datus who
exercise full power on the lives of people and the administration of their simple government.
This included the communal allocation and distribution of resources to his subjects.

Under the Spanish colonial rule in the Philippines, the Royal Audiencia, a high court of justice
rendered audit report to the authorities on the financial condition of the islands. Later, the
Tribunal de Cuentas (Court of Accounts) became the supreme audit institution with exclusive
jurisdiction over all financial matters.
The revolution against Spain led to the establishment of the Philippine Malolos Congress. Aside
from legislative functions, it also examined and approved the expenses and revenue accounts of
the revolutionary government.

Came the American rule and the Office of the Auditor for the insular Philippine was created. The
audit system featured review of every transaction, treating of entries through the books of
account, and checking of mathematical accuracy of accounts. It was first and foremost a practice
of pre-audit.

In 1935, the General Auditing Office (GAO), headed by an Auditor General functioned with
authority emanating from the Constitution. It was responsible in the examination, audit and
settlement of all accounts, as well as the audit of all fund expenditures and properties of the
government.

During World War II the audit functions minimally continued.

The General Auditing Office was reestablished after the war and became the present
Commission on Audit (COA) under the 1973 Constitution. This time the Auditor General was
replaced by a collegial leadership of the Chairman and two Commissioners.

The EDSA Revolution ushered in a new Constitution that expanded the mandate of the
Commission to audit towards a heightened accountability in the performance of government
functions.

Today COA stands firm and visible as a genuine partner in the governance of nation-building
and the development of quality life for the Filipinos.

With the reinstitution of selective pre-audit of government transactions as per COA Circular No.
2009-002, COA will play a vital role in the prevention of irregular, illegal, unnecessary, wasteful
and anomalous transactions in the public sector.
 Week 1
May 14, 2019
Tuesday
On my first day, I was oriented about the functions of the Accounting Systems
Development and other Services (ASDOS)-Corporate, in which I was assigned. As my first work
I Photocopied and filed various documents and also I organized their office and administrative
supplies.

May 15, 2019

Wednesday
On the second day, I had conducted an inventory count of office supplies of ASDOS-
Corporate. I also read Chapters 1-4 (Objective of General Purpose Financial Reporting, Reporting
Entity, Qualitative characteristics of useful financial information and Conceptual Framework) of
the Philippine Financial Reporting Standards (PFRS) book.

May 16, 2019

Thursday
On my third day I started to proofread the proposed Updated Revised Chart of Accounts
(RCA) for Government CCs) classified as Non-Government Business Enterprises (Non-GBEs).
And I also logged all their incoming and outgoing communications. Lastly, I Photocopied and filed
various documents.

May 17, 2019

Friday
On the fourth day, I had Conducted a review and compared their list of accounts on the
proposed updated chart of accounts against its sample trial balance.
 Week 2

May 20, 2019

Monday
I had conducted an inventory count of office supplies of ASDOS-Corporate. I also logged
all incoming and outgoing communications. I also photocopied and filed various documents. And
lastly, I proofread the proposed Updated RCA for GCs classified as Non-GBEs

May 21, 2019

Tuesday
I already Finalized the review of the proposed Updated RCA for GCs classified as Non-
GBEs.
May 22, 2019
Wednesday
I proofread and reviewed Philippine Public Sector Accounting Standards (PPSAS) 31-
Intangible Assets and its sample exercises. I also proofread and reviewed PPSAS 27- Agriculture
and its
sample exercises . Lastly I reviewed and verified the computations of input and output taxes of the
government.
May 23, 2019
Thursday
I Finalized the review on the computations of input and output taxes of government in the

inventories. I photocopied and filed various documents. And I logged all incoming and outgoing
communications.

May 24, 2019

Friday
I photocopied and filed various documents. I prepared matrix of provision and basic
conclusions. I photocopied various documents. I also proofread the powerpoint presentation of
PPSAS 21 - Impairment of Non-Cash Generating Assets and PPSAS 26 - Impairment of Cash
Generating Assets

Week 3

May 28, 2019

Tuesday
I Finalized comments on the provision of IFRS 9. And I photocopied and filed various
documents
May 29, 2019
Wednesday
I photocopied and filed various documents. I also proofread of PPSAS 2 - Cash Flow
Statements
Proofread of PPSAS 28-30 - Financial Instruments.
May 30, 2019
Thursday
I photocopied and filed various documents
May 31, 2019
Friday
I photocopied and filed various documents. I also listed all the agency officials
participating in the conduct of Focus Group Discussion (FGD) on the proposed Government
Accounting Manual (GAM) for GC’s classified as Non-GBEs
 Week 4

June 03, 2019

Monday
I Photocopied and filed various documents. I also logged all incoming and outgoing
communications. And I Continued the listing of all the agency officials participating in the conduct
of Focus Group Discussion (FGD) on the proposed GAM for GC’s classified as Non-GBEs

June 04, 2019

Tuesday
I Photocopied and filed various documents. I listed all the participating COA auditors in
the conduct of Focus Group Discussion (FGD) on the proposed GAM for GC’s classified as Non-
GBEs.

June 06, 2019

Thursday
I Photocopied and filed various documents. I logged all incoming and outgoing
communications
June 07, 2019
Friday
I Proofread the following courseware to be used in training seminar on PFRS those topics
were: Financial Instruments, Investment Property, Intangible Instruments, and the other were
effects of changes in foreign exchange rate, Borrowing Cost, Provision, Contingent Liabilities,
and Agriculture.

Week 5

June 10, 2019

Monday
I Photocopied and filed various documents. I logged all incoming and outgoing
communications

June 11, 2019

Tuesday
I Photocopied and filed various documents. And I Released/delivered various documents
from Corporate Government Sector (CGS).

June 13, 2019

Thursday
Photocopied and filed various documents. I listed all the meetings of ASDOS-Corporate
from the month of April up to June

June 14, 2019

Friday
 I arranged and organized their office and administrative supplies. I logged all incoming
and outgoing communications. I Photocopied and filed various documents. And Lastly, I
performed other duties assigned by our immediate supervisor.

Week 6

June 18, 2019

Tuesday
I revised the number of attendees in the conduct of FGD on the proposed GAM for GC’s

classified as Non-GBEs. I photocopied and filed various documents.

June 19, 2019

Wednesday
I checked and verified the number of auditors attending in the conduct of FGD on the
proposed GAM for GC’s classified as Non-GBEs. I logged all incoming and outgoing
communications.

June 20, 2019

Thursday
I Finalized the requirements for the accomplishment of internship. I photocopied and filed various
documents.
Last Day:
BORBONGA, ENA MATEO
21 Ulingan East Lawang Bato Valenzuela City
Contact No. : 09165309668
E-Mail: borbongaena@gmail.com

CAREER OBJECTIVE
To secure a responsible career opportunity to fully utilize my training and skills while
making a significant contribution to the success of the company.

EDUCATIONAL BACKGROUND

Tertiary : Our Lady of Fatima University

Bachelor of Science in Accountancy
Valenzuela City
2015-Present

Secondary : Lawang Bato National High School

Centro st. Lawang Bato Valenzuela City
2011-2015

Elementary : Lawang Bato Elementary School

Centro st. Lawang Bato Valenzuela City

2005-2011

COMPUTER AND TECHNICAL SKILLS

 Oriented in Microsoft Office Application such as:

 Microsoft Office Excel
 Microsoft Office Word
 Microsoft Office Access
 Microsoft Office Power Point
 ICB Bookkeeping Passer

SEMINAR AND TRAININGS ATTENDED

  “Build, Share, Accelerate: A lead towards Accounting Supremacy”, Our Lady of Fatima
University (September 13, 2017)
 Practicum Orientation Seminar, Our Lady of Fatima University (April 26,2019)
 “Developing One Self’s Potentials for Greater Opportunities”, Our Lady of Fatima
University (February 9, 2019)
 Commission on Audit Internship

PERSONAL INFORMATION

Age : 20 Years Old

Birth Date : December 30, 1998
Place of Birth : Marulas
Civil Status : Single
Height : 4’9”
Weight : 48 kg.
Religion : Roman Catholic
Nationality : Filipino
Gender : Female

REFERENCE

 Mrs. Julieta I. Dillena, CPA,MBA

BSA/BSAT Program Head

College of Business and Accountancy
Our Lady of Fatima University- Valenzuela City

 Mr. Argel Joseph Morillo

Factory Worker
09566070264

 Mr. Gerry Blasico

Family Driver

09171447313
 I hereby certify that the above information is true and correct to the best of my knowledge
and belief.

Ena M. Borbonga
Applicant’s Signature