University of Antique

COLLEGE OF BUSINESS AND ACCOUNTANCY

Sibalom, Antique

A NARRATIVE CASE ANALYSIS REPORT

A Practicum Report
Submitted to
The Faculty of the College of Business and Accountancy
University of Antique
Sibalom, Antique

In Partial Fulfilment of the Requirements in the Course ENTRE 14 (Practicum) for the Degree
Bachelor of Science in Entrepreneurship

HELEN JOY B. SARMIENTO

March 2019

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

APPROVAL SHEET

This Practicum Report is prepared and submitted by HELEN JOY B. SARMIENTO BSENTREP

4A, in the partial fulfillment of the requirements in the Course ENTRE 14 (Practicum) for the

degree Bachelor of Science in ENTREPRENEURSHIP, has been examined and is recommended

for acceptance and approval;

IRISH P. MACUJA, MPA

BSENTREP Chairperson

REPORT REVIEW PANEL

FE S. ESCOTE JESIE MAE A. APOSTOL, MBA

English Critic CBA Practicum Coordinator

Accepted and approved in partial fulfilment of the Requirements in the Course ENTRE 14

(Practicum) for the Degree of Bachelor of Science in Office Administration.

CATHERINE C. VIESCA, CPA, MBA

Dean

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

ACKNOWLEDGMENT

With deepest gratitude and appreciation, I humbly give thanks to the people who,

with all they can, helped me in making my On-the-Job Training a possible one. To my parents,

for their unending love and support, for providing all my needs financially and morally, for their

patience and understanding during my tiring days that I could not help them in the chores, for

their never fading pieces of advice, and for being there for me no matter what. To my brother

and sister who serve as an inspiration to me, who keep on encouraging me to always make the

best out of everything and for their being proud and ever supporting siblings to me. To the

institution where I am studying, University of Antique, where I am continuously growing as a

Bachelor of Science in Entrepreneurship student. To all my professors who shared and are

continuously sharing their knowledge with students like me to make me a better person.

To the Provincial Treasurer’s Office employees, for their warm welcome to me.

To my Training Supervisor, Ma’am Melinda N. Namo and to the rest of the Provincial

Treasurer’s Office employees, I am very grateful for having them as part of my On-the-Job

Training. For all their pieces of advice and for everything that they taught me during my stay

with them and most of all, for the memories we’ve shared – the happy moments, the sorrowful

ones, the rush hours, the brainstorming and nerve-wracking days and for everything that they did

that contributed to my growth as a human being, I thank you so much.

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

To my friends and co-trainees, for the happiness and for being there to support

and to comfort me whenever I had difficulties during my training, thank you very much for the

friendship and teamwork and for being my companions whom I can share my laughter and

sorrows with.

Above all, to our Almighty God, for His unconditional love and for all the

blessings He showers on me every day. With love and gratitude, I thank Him for guiding me

during my training and for making this On-the-Job Training a possible one. For the provision and

wisdom He has bestowed upon me, for keeping me and my love ones always safe, for giving me

enough knowledge and ability to perform each task that was assigned to me, and for the

challenges He has given me that make me stronger than ever. I thank Him for His comfort during

the times that I am about to give up. By His grace, I was able to finish my training without much

difficulty.

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

TABLE OF CONTENTS

Page

TITLE PAGE

APPROVAL SHEET ii

ACKNOWLEDGMENT iii

TABLE OF CONTENTS v

UA & CBA VMGO vii

PROGRAM DESCRIPTION x

CBA ORGANIZATIONAL STRUCTURE xi

CBA FACULTY PROFILE xii

NARRATIVE REPORT

A. Introduction 1

B. Description of the Work Performed 3

C. Principles, Concepts, and Skills 5

D. Major Learnings 6

E. Personal Feelings and Observations 8

ANALYSIS REPORT

A. Company Profile 10

B. Applications of Theories 15

C. Observations and Concerns 17

D. Recommendation 19

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

APPENDICES

A. Certificate of Completion

B. Resume

C. Endorsement Letter

D. Application Letter

E. Parent’s Waiver

F. Daily Time Record

G. Practicum Rating Form from Supervisor

H. Pictures/Documentation

I. Log Book/OJT/Practicum Status Report (Accomplish Report)

J. Student Pledge of Conduct

K. Joint Affidavit of Waver of Liability

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

UA & CBA VMGO

UA VMGO

VISION

Leading University in Science and Technology by 2022.

MISSION

The University shall provide quality, relevant, and responsive scientific technological and

professional education and advanced training in different areas of specialization, and shall

undertake research and extension services in support to socio-economic development of Antique,

the Filipino nation, and the global community.

GOALS

To elevate the university into national and international distinction, it shall endeavor to:

1. Deliver quality instruction of international standards;

2. Implement innovative and research development system;

3. Undertake responsive and collaborative means for technological transfer;

4. Develop viable and sustainable resource generating strategies; and

5. Establish effective, efficient, and supportive administration.

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

OBJECTIVES

The University should be able to:

1. Ensure that at least 30% of the faculty members are doctorate degree holders and the rest are

master’s degree holders in their respective fields of specialization by 2022 in line with its vision

and upgrade researchers’ and extensionists’ capability through continuous trainings and

exposures;

2. Provide state-of-the art physical and instructional facilities;

3. Re-align curricular offerings preferably towards science and technology- based courses;

4. Achieve at least level 3 accreditation status in all programs;

5. Publish researches in national and international refereed journals;

6. Strengthen national and international linkages with public and private institutions;

7. Formulate and implement investment plans for financial sustainability;

8. Collaborate with funding agencies for resource generation;

9. Conduct periodic management review for quality delivery of service to the stakeholders.

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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

CBA VMGO

VISION

The College of Business and Accountancy as a center of excellence in business and

management education.

MISSION

The College of Business and Accountancy is committed to help promote and accelerate

the development of the province and of the region by producing sell- trained, well-motivated and

social responsible graduates in the field of business who can promote sustainable socio-

economic development through competent of their Managerial and Entrepreneurial knowledge

and skills.

GOALS

1. To pursue quality, relevant and responsive business education program for national and global

competitiveness.

2. To develop student analytical and critical thinking through research.

3. To implement research outputs as extension endeavor, transfer packaged-technology,

strengthen linkages, and outsourcing of funds.

4. To engage in more viable and sustainable resource generating projects, and

5. To inculcate to graduates the high sense of integrity, professional ethics, leadership skills,

moral values and

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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

PROGRAM DESCRIPTION

This is a four-year program that prepares students to start and manage their own

business. It aims to develop entrepreneurs who are motivated and knowledgeable in identifying

opportunities, developing and preparing business plans and starting and managing a business.

The curriculum covers the functional areas in planning, starting and operating a business.

Bachelor of Science in Entrepreneurship Objectives

The Bachelor of Science in Entrepreneurship focuses its efforts to attain the following

objectives:

1. To acquire knowledge and skills in putting up a business;

2. Develop viable business plans;

3. To put up incubators in/off campus based on students business plan;

4. Observed standard requirements to start a business;

5. Conduct researches and extension services in entrepreneurial, marketing and

environmental undertaking

6. Develop personal entrepreneurial competencies among students.

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

CBA ORGANIZATIONAL STRUCTURE

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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

CBA FACULTY PROFILE

COLLEGE OF BUSINESS AND ACCOUNTANCY

FACULTY

CATHERINE C. VIESCA, CPA, MBA

DESIGNATION:
 Dean ,College of Business and Accountancy

EDUCATIONAL BACKGROUND:
 Master of Business Administration
University of San Agustin
 Bachelor of Science in Accountancy
St. Anthony’s College

YOLANDA T. GARCESA,PhD

DESIGNATION:
 Associate Dean, College of Business and Accountancy
 Coordinator, Research

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy
(Educational Management)
University of Iloilo
 Master of Management (Public Management)
University of the Philippines- Visayas
 Master of Business Administration
(Completed Academic Requirements)
University of San Agustin
 BS in Commerce (Accounting)
Central Philippine University

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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

DIADEM PEARL G. ADUANA,MBA

DESIGNATION:
 Program Head, BS Cooperatives Management
 Practicum Adviser, BS Cooperatives Management
 Adviser, Students’ Cooperative Mgt. Organization (SCMO)
 Secretary, Parents Teachers Association

EDUCATIONAL BACKGROUND:
 Master of Business Administration
University of Antique
 Certificate in Teaching
Polytechnic State College of Antique
 BS in Management
University of the Philippines – Visayas

FLORIZA S. SIALSA, MPA

DESIGNATION:
 Coordinator, Alumni

EDUCATIONAL BACKGROUND:

 Doctor of Public Administration ( 15 units)

 Master of Business Administration
University of Antique
 BSBA Marketing Management
Polytechnic State College of Antique

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

DR. SUSAN F. ATIENZA, DM-BM

DESIGNATION:
 Director, Research
 Project Leader/ Research – “Antique’s Ginger Tea and
Utilization and Production of native Ginger”

EDUCATIONAL BACKGROUND:
 Doctor of Management
(Business Management)
Central Philippine University
 Master in Business Administration
University of San Agustin
BSED (with 18 units)
St. Anthony’s College
 BS BA (Accounting)
University of the Philippines-Visayas

IRISH P. MACUJA,MPA

DESIGNATIONS:
 Program Head, BS Entrepreneurship
 Practicum Adviser, BS entrepreneurship 4-A
 Adviser , Young Entreprenuer Society
 Adviser , FLP- subchapter

EDUCATIONAL BACKGROUND:
 Doctor of Public Adm. (CAR)
University of Antique
 Master in Public Administration PSCA
 Certificate in Teaching (with 24 units)
 University of Antique
 BSBA Entrepreneurship, PSCA

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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

IDA T. SUICO,PhD

DESIGNATIONS:
 Program Head, Master of Business Administration
 Practicum Adviser, BS entrepreneurship 4-B
and Master of Public Administration
 Adviser, KKB
 Coordinator, Extension

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy (Educational Management)
University of Iloilo
 Master of Management (Public Management)
University of the Philippines-Visayas
 Bachelor of Science in Commerce (Accounting)
Central Philippine University

EVA L. CAPAGUE, PhD

DESIGNATION:
 Coordinator, ISO/ QUAA

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy (Educational Management)
University of Antique
 Master of Public Administration (Program
Administration)
Polytechnic State College of Antique
 BS Agricultural Engineering
Central Philippine University

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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

MELINDA T. IRAN,PhD

DESIGNATIONS:
 Coordinator, Gender and Development (GAD)

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy (Educational Management)
University of Iloilo
 Master of Management (Public Management), UP
Visayas
 MS in Biology (CAR), University of the
Philippines- Diliman
 BS in Biology, Central Philippine University

LOYALDA T. BOLIVAR, DM-DM

DESIGNATION:
 Coordinator- Continuing Education and Training
Services
(CETS)

EDUCATIONAL BACKGROUND:
 Doctor of Management Development Management
Central Philippine University
 Master of Management Rural Development
Management
University of the Philippines- Visayas
 Bachelor of Arts Community Development &
Psychology
University of the Philippines- Visayas

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

PEARL ASHLEIGH P. MAGBANUA

EDUCATIONAL BACKGROUND:

 Bachelor of Science in Information Technology

Central Philippine University
 Bachelor of Laws
University of San Agustin

EVELYN F. CORVERA, CPA, MM

DESIGNATION:
 Program Head, BS Accountancy

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy
(Educational Management, 45 units)
University of Antique
 Master of Management
(Public Management)
University of the Philippines-Visayas
 BS in Commerce (Accounting)
Saint Anthony’s College
 BS in Education
Saint Anthony’s College

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

ALWIN B. PIANSAY, CPA

DESIGNATIONS:
 Program Head, BS Accounting Technology
 Practicum Adviser, BS Accountancy
 Adviser, Junior Philippine Institute of Accountants (JPIA)
 Coordinator, Human Rights

EDUCATIONAL BACKGROUND:
 Master in Business Administration ( CAR)
University of Antique
 Bachelor of Science in Education
Saint Anthony’s College
 Bachelor of Science in Accountancy
Xavier University
(Ateneo de Cagayan)

NIMROD A. YBERA, CPA,MBA

DESIGNATIONS:
 Program Head, BS Management Accounting
 Practicum Adviser, BS Accounting Technology 4-B

EDUCATIONAL BACKGROUND:
 Master of Business Administration
De La Salle University
 BS Commerce (Accounting)
University of San Agustin

EDWARD B. ENILA, CPA,MBA

EDUCATIONAL BACKGROUND:
 Master of Business Administration
University of Antique
 BS Accountancy
St. Anthony’s College

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

ANN Q. LOTILLA,MPA

DESIGNATION:
 Program Head, BS Office Administration
 Practicum Adviser, BS Office Administration 4-A
 Coordinator, Career and Placement

EDUCATIONAL BACKGROUND:
 Doctor of Management (Business Management) (24 units)
Central Phil University
 Doctor of Public Admin (with 6 units)
 Master of Public Administration
University of Antique
 Professional Education (6 units), (Pamantasan ng Lungsod
ng Maynila
 BSBA Management
Lyceum of the Philippines

HELEN MAY P. VILLALOBOS, MPA

DESIGNATIONS:
 Coordinator, Intellectual Property
 Practicum Adviser, BS Office Administration 4-A
 Adviser, Junior Executive Society

EDUCATIONAL BACKGROUND:
 Doctor of Public Administration (with units)
University of Antique
 Master of Public Administration
Polytechnic State College of Antique
 BSBA (Management), Polytechnic State College of
Antique

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

MARIA LUZ R. ALDEMITA,MPA

DESIGNATION:
 Assistant Coordinator, ISO/ QuAA

EDUCATIONAL BACKGROUND:
 Doctor of Public Administration ( with 42 units)
University of Antique
 Master of Public Administration (Program Administration),
University of Antique
 BSBA Management, Polytechnic State College of Antique

ELAINE KRYSA V. SORIANO, MBA

EDUCATIONAL BACKGROUND:
 Master of Business Administration
University of Antique
 BS Accountancy, Saint Anthony’s College

MARY JANE A. DE GRACIA, MA-ED

EDUCATIONAL BACKGROUND:
 Doctor of Public Administration ( 45 units) University of
Antique
 MA.ED EDUCATIONAL MANAGEMENT
Ifugao State University
 Bachelor of Science Education
University of San Agustin

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

CHRISTOPHER T. TRAIFALGAR, CPA, MBA

EDUCATIONAL BACKGROUND:
 Master of Business Administration,
University of Antique
 Bachelor of Laws ( 72 units),
University of Iloilo
 BS Accountancy,
Saint Anthony’s College

ESPERANZA M. NOLASCO, CPA, MBA

EDUCATIONAL BACKGROUND:
 Doctor of Management ( Business Management) – On-
Going
Central Philippine University
 Master of Business Administration,
Central Philippine University
 BS Commerce ( Accounting)
Saint Anthony’s College

DESIGNATIONS:
 Registrar
 Campus Director

RONILO A. SORIANO, PhD

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy, University of Antique
 Master of Management
University of the Philippines- Visayas
 BS Commerce ( Accounting)
Saint Anthony’s College

DESIGNATIONS:
 Vice President for Administration and Finance
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COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

JOHN RUSSEL R. PEREZ, MBA

DESIGNATIONS:
 Coordinator, Study Body
 Coordinator, Inventory
 Adviser, ENACTUS

EDUCATIONAL BACKGROUND:
 Master of Business Administration
University of Antique
 BS in Management Accounting
Polytechnic State College of Antique

JESIE MAE A. APOSTOL, MBA

DESIGNATIONS:
 Coordinator- Cultural and Student Affairs and
Practicum and Internship
 Coordinator, Practicum and Internship
 Adviser, Junior Philippine Association of
Management Accounting
EDUCATIONAL BACKGROUND:
 Master of Business Administration
University of Antique
 Doctor of Mgt- Bus. Mgt. (24 units)
Central Philippine University
 Certificate in Teaching (with 18 units)
University of Antique
 BS in Commerce (Accounting)
Central Philippine University

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

PATERNO C. SANTILLAN
DESIGNATION:
 Sports Coordinator
EDUCATIONAL BACKGROUND:
 Master of Arts in Education (Mathematics, 30 units)
University of Iloilo
 BS in Civil Engineering
St. Anthony’s College

EDEN ROSE G. DELA VICTORIA, MM

DESIGNATION:
 Program Head, BS Tourism Management

EDUCATIONAL BACKGROUND:
 Doctor of Hospitality Management w/ units
 Master of Management
 BS in Tourism Management
 Certificate in International OEC Professional
Development

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

FERDINAND MARK P. MELO IV

DESIGNATION:
 OIC- Program Head, BS Tourism Management
 Adviser, Junior Explorers’ & Travelers’
Society (JETS)
 Adviser- Gazette

EDUCATIONAL BACKGROUND:
 Master of Business Administration (27 units) Major in
Tourism Hospitality Management
University of Antique
 BS Tourism Management
University of Antique

JANELLE G. CERVERA, MM-BM

EDUCATIONAL BACKGROUND:
 Master of Management major in Business Management
University of the Philippines- Diliman
 BS Tourism Management
University of the Philippines- Visayas

EDBERT JAY M. CABRILLOS, LPT

EDUCATIONAL BACKGROUND:
 Master of Arts in Education major in Social Science ( 27
units)
 BS Secondary Education Social Studies University of
Antique

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

CHERRYVILLE S. MEJARES, MPA

DESIGNATION:
 Program Head, BSBA Marketing Management

Educational Background:
 Doctor of Public Administration
(with 30 units)
University of Antique
 Master of Public Administration
University of Antique
 BS in Commerce Major in Economics Central Philippine
University

VICTOR VAN D. CADUNGON

DESIGNATIONS:
 JMS Adviser

EDUCATIONAL BACKGROUND:
 Master in Business Administration ( on-going)
Central Philippine University
 BSBA-MARKETING MANAGEMENT
Central Philippine University

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

ELBERT B. LOREÑA, MBA

DESIGNATION:
 Coordinator, Assessment

EDUCATIONAL BACKGROUND:
 Master in Business Administration, University of
Antique
 Diploma in Teaching, West Visayas State University
 BS Accountancy, St. Anthony’s College

LIGAYA J. LOTILLA, PhD

EDUCATIONAL BACKGROUND:
 Doctor of Philosophy (Educational Mgt.)
University of Antique
 Master of Arts Teaching (MAT) Vocational Education
Polytechnic State College of Antique
 Bachelor of Secondary Education (PE/ Home
Economics)

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

COLLEGE OF BUSINESS AND ACCOUNTANCY

OFFICE STAFF

EMILY ABUCAY ABAO

EDUCATIONAL BACKGROUND:
 Master of Public Administration ( 9 units)
University of Antique
 Bachelor of Science in Office Administration
University of Antique

REA ESCARLAN ALDEA

 EDUCATIONAL BACKGROUND:
 Bachelor of Science in Cooperatives Management
University of Antique

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 University of Antique
COLLEGE OF BUSINESS AND ACCOUNTANCY
Sibalom, Antique

LOVELY VILLAR FRANCISCO

EDUCATIONAL BACKGROUND:
 Master of Business Administration ( 9 units)
University of Antique
 Certificate in Teaching (24 units)
University of Antique
 BSBA - Marketing Management, St. Anthony’s College

JOY-ANN DE LOS SANTOS PAYANAY

EDUCATIONAL BACKGROUND:
 Master of Business Administration ( 9 units)
University of Antique
 Certificate in Teaching (24 units)
University of Antique
 Bachelor of Science in Entrepreneurship
University of Antique

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