NARRATIVE REPORT

PRESENTED TO THE
FACULTY OF COLLEGE OF ACCOUNTANCY AND BUSINESS
ADMINISTRATION, NORTHEASTERN COLLEGE
SANTIAGO CITY

In Partial Fulfillment of the Requirements for the

Subject Accounting Internship (AEC 29) and
Management Accounting Internship (AEC 29)

BY

LICUDO, CATHERINE J. RAGUAL, SALVIN JAY D.

MARAYAG, IVIE D. TOLENTINO, MARK JUSTIN R.

First Semester, SY: 2024-2025

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ACCEPTANCE SHEET

Accepted as final requirement to the subject

of Accounting Internship (AEC 29) and Management
Accounting Internship (AEC 29) for the first
semester, S.Y 2024-2025 with a grade of .

Date:

CLEMENTE P. CLARO JR., Ph.D., CPA

Vice President for Academic Affairs
Internship Coordinator/Dean,
College of Accountancy and Business
Administration

Remarks:
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ACKNOWLEDGEMENT

The trainees would like to express their

sincerest gratitude to the individuals who played

instrumental roles in the successful completion of

the On-the-Job Training and this narrative report:

To CLEMENTE P. CLARO JR. Ph.D., CРА Vice

President for Academic Affairs, Internship

Coordinator/ Dean, College of Accountancy and

Business Administration for his approval and

guidance from the start up until the end of this

training and for his invaluable feedback and

constructive criticism that immensely improve in

writing this report.

To Ma'am Liza R. Balagot, Regional Manager

II of the National Food Authority (NFA) Region 2,

who showed her warm acceptance and unwavering

support for us. Her encouragement has been pivotal

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in facilitating our training at this esteemed

government agency.

To Ma’am Susan Y. Salcedo, who gave us

invaluable assistance in securing our acceptance as

trainees at the National Food Authority – Regional

Office-Isabela. Her unwavering support and guidance

throughout our training program were instrumental

to our success.

To Ma’am Jennelyn G. Pasay-an, our

accountant supervisor, who gave us an invaluable

guidance, support, and encouragement throughout the

duration of our internship. Her expertise,

patience, and commitment to helping us grow as

aspiring accountants have been truly inspiring. The

knowledge and practical skills we have gained under

her supervision have significantly enrich our

learning experience and have prepared us for future

challenges in the field of accounting.

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To our excellent mentors Ma’am Lovelyn R.

Ulanday, Ma’am Mylka-Ann R. Duarte, and Ma’am

Zenaida M. Tapales, who extended their unwavering

guidance, support, and encouragement throughout our

internship journey. Their expertise and dedication

to our growth as aspiring professionals have been

invaluable. The knowledge and skills we have gained

under their mentorship will undoubtedly serve us

well in our future endeavors.

To Atty. Rhic Ryan Lee V. Fabian, who has

served as an invaluable mentor, guiding us in the

details of legal documentation and providing

personalized legal counsel both professionally and

personally.

To Engr. Elmer D. Enaje, who brought us

daily joy and happiness during his brief tenure

with us before his promotion and transfer to Region

V. His generosity, often expressed through

providing unlimited snacks and meals, left a

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lasting impressions. His remarkable quote, ‘Basta

NFA, Nu Food Alisto,’ will never be forgotten.

To the employees and staff of the National

Food Authority- Regional Office- Isabela for

imparting their skills, supervising, monitoring,

and guiding us during the training. Thank you for

providing an enriching environment that enhance and

help us to grow professionally and personally.

Lastly, to their family and friends for

their unwavering belief in their capabilities and

understanding during the training period.

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DEDICATION

This research paper is wholeheartedly

dedicated to our beloved parents who gives their

outmost support, and never-ending inspiration

throughout the training. They are the one who

provide the resources that needed in the completion

of this training.

To our friends, relatives, and classmates

who shared their words of advice and encouragement.

Finally, we dedicated the whole study to our

Almighty God who gave us strength, knowledge,

wisdom, and for his guidance and protection. All of

these, we offer to you Lord.

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TABLE OF CONTENTS

Page

TITLE PAGE ................................. i

ACCEPTANCE SHEET ............................ ii

ACKNOWLEDGEMENT ............................. iii

DEDICATION .................................. vii

TABLE OF CONTENTS ............................. viii

CHAPTER

I. HISTORICAL BACKGROUND OF THE ENTITY .. 1

VISION OF THE ENTITY ................ 5

MISSION OF THE ENTITY ............... 5

MANDATE OF THE ENTITY ............... 6

CORE VALUES OF THE ENTITY ........... 6

ENTITY SEAL ......................... 7

ORGANIZATIONAL STRUCTURE ............ 9

II. PRODUCTS, PROGRAMS AND SERVICES ..... 11

III. TRAINING AND EXPERIENCES ........... 21

IV. RELEVANCE AND BENEFITS .............. 52

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V. APPENDICES ........................... 67

A. RECOMMENDATION LETTER ............ 67

B. MEMORANDUM OF AGREEMENT .......... 68

C. PARENT WAIVER .................... 70

D. TRAINEE-INDUSTRY AGREEMENT AND

LIABILITY WAIVER ................. 74

E. LETTER OF PERMISSION ............. 78

F. TRANSMITTAL LETTER ............... 79

G. PICTORIALS ....................... 80

H. CERTIFICATE OF TRAINING COMPLETION 99

I. STUDENTS PROFILE ................. 103

J. CLEARANCE .......................... 111