Paper in My Practicum Experience
University of the Philippines in the Visayas
Tacloban College
Into the Shoes of a CPA
A 150-hour practicum experience as a requirement in
BA 123 course Public Accounting Office
INTRODUCTION
What I expect to get from the Practicum
When Professor Bernadette Lorenzo, our BA 123 (Public Accounting Office) adviser told us to look for accounting firms for our practicum, I got excited because I never had the experience to work in an office or company before. Practicum is defined as a school or college course, especially one in a specialized field of study that is designed to give students supervised practical application of previously studied theory.
The first firm that popped into my mind was SGV. Maybe I could work in Cebu or Manila. Yet I thought I was being ambisyosa. There are many accounting firms here in Tacloban anyway, but I fear I won't learn something worthwhile. I asked some of the Management students who have undergone practicum and some of them told me that all they did was file documents, encode or even make coffees for employees! Although they have a different degree program, I feared that their experiences would be the same with what I was about to face.
But somehow, I was hoping for optimistic things in this undertaking. I was looking forward to experiencing what a CPA really does or at least a part and parcel of what they really do. According to Valix in his Financial Accounting book, Certified Public Accountants generally practice their profession in three main areas, namely Public Accounting, Private Accounting and Government Accounting.
Public Accountants usually offer three kinds of services Auditing, Taxation, and Management Advisory Services. Ricchiute defines Auditing as a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.
Tacloban College
Into the Shoes of a CPA
A 150-hour practicum experience as a requirement in
BA 123 course Public Accounting Office
INTRODUCTION
What I expect to get from the Practicum
When Professor Bernadette Lorenzo, our BA 123 (Public Accounting Office) adviser told us to look for accounting firms for our practicum, I got excited because I never had the experience to work in an office or company before. Practicum is defined as a school or college course, especially one in a specialized field of study that is designed to give students supervised practical application of previously studied theory.
The first firm that popped into my mind was SGV. Maybe I could work in Cebu or Manila. Yet I thought I was being ambisyosa. There are many accounting firms here in Tacloban anyway, but I fear I won't learn something worthwhile. I asked some of the Management students who have undergone practicum and some of them told me that all they did was file documents, encode or even make coffees for employees! Although they have a different degree program, I feared that their experiences would be the same with what I was about to face.
But somehow, I was hoping for optimistic things in this undertaking. I was looking forward to experiencing what a CPA really does or at least a part and parcel of what they really do. According to Valix in his Financial Accounting book, Certified Public Accountants generally practice their profession in three main areas, namely Public Accounting, Private Accounting and Government Accounting.
Public Accountants usually offer three kinds of services Auditing, Taxation, and Management Advisory Services. Ricchiute defines Auditing as a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.
References: Valix, Conrado and Jose Peralta. 2005. Financial Accounting volume one (rev. ed.). Philippines: GIC Enterprises and co., inc. Ricchiute, David. 2003. Auditing and Assurance Services (7th ed.). Singapore: Thomson Learning Asia. Roque, Rodelio. 1990. Management Advisory Services. Philippines: Roque Press, Inc. Ballada, Win Lu and Susan Galvez. 1999. Basic Accounting Made Easy (rev. ed.). Philippines: Win Education Series. Ballada, Susan and Win Lu Ballada. 2006. Transfer and Business Taxation Made Easy (8th ed.). Philippines: Domdane Publishers and Made Easy books