Narrative Report for Ojt free essay sample

Sky Cable sell their products such as SkyCable, SkyBroadband, SkyVoice, IWantV and among others and they are also a service provider of cable television, broadband internet, VoIP, digital cable and many more. Historical Background Since it started community antenna television system operation in the Philippines on January 26, 1992, SkyCable provides cable Internet, VoIP services and digital cable TV service. On June 6, 1990, SkyCable Corporation was incorporated via 79. 3% stake in Sky Vision Corporation, operator of cable brands, SkyCable and Sun Cable. On April 18, 1991, Sky Vision Corporation was incorporated and ventures into cable television (SkyCable and Sun Cable), communication, system, television media, shopping network. It is owned 18. 8% by  ABS-CBN Corporation  and 78% by Lopez Inc. On March 30, 1995, Central CATV Inc. was granted a 25-year provisional franchise to establish, construct, maintain and operated community antenna television system in the Philippines through Republic Act 7969. In 1997, Sky Vision Corporation acquired 47% of Pilipino Cable Corp. , operator of Sun Cable for P900 million. We will write a custom essay sample on Narrative Report for Ojt or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In 1997, SkyCable launches its first cable TV branded credit card in the Philippines, the SkyCard Mastercard with SolidBank and the SkyCard-Citibank Mastercard with  Citibank N. A. In 2001, Benpress Holdings Inc. and  Philippine Long Distance Telephone Company  signed a master consolidation agreement for SkyCable Corporation to consolidate its interest. In July 2001, Unilink Communications Corp. operator of Home Cable, Philippines second largest cable TV company, merged its CATV operation to SkyCable and created Beyond Cable Inc. with an enterprise value of P14. 5 billion. Beyond Cable Inc. ontrols 66. 5% through Benpress Holdings Corp. and 33. 5% through  MediaQuest Holdings, Inc. On December 7, 2001, Beyond Cable Holdings Inc. was incorporated. In May 2011, Singaporean firm  STT Communications Pte. Ltd. acquired 40 percent of SkyCable through Philippine Depositary Receipts worth P3. 612 billion and P250 million of convertible notes to fund the expansion of SkyCableâ€℠¢s broadband Internet and cable TV services. Vision Sky Cable will provide the best for their families by: 1. Being the national leader in video, voice and data. 2. Being recognized for outstanding customer service. 3. Being an employer of choice. 4. Becoming a publicly listed, employee-owned company. Mission Enriching and uplifting the lives of Filipino families through communication, education and entertainment. Values C – A – R – O – T + I * Customer Focus * Accountability * Results Orientation * Ownership * Teamwork * Integrity Customer Focus Their business exists because of their customers. They know their customers, internal or external, their needs and wants, and how these can be met and satisfied. They review performance based on how best they have met their customers’ requirements. Accountability They understand their roles and responsibilities as individuals and members of a team. They have performance objectives and expectations in the attainment of company goals. Management ensures that everyone takes accountability for daily decisions and actions to meet expected results. Results Orientation They commit to deliver results. They ensure that proper processes are done without losing sight of results expected of them. Management recognizes efforts and rewards achievement when company performance goals are exceeded. Ownership They know their company, its products, services, its systems, its vision and values. They share the company’s successes and shortfalls. They value initiatives. They strive for excellence because they owe it to theirselves and to the company. They do not settle for being average; they go the â€Å"extra mile†. Teamwork They understand and accept individualities and the value of each person’s effort and contribution. They work as a team because they believe that much more can be accomplished by working together. They trust and openly communicate with each other. They are willing to share responsibilities. They are Team SkyCable. Integrity They perform their jobs with deep sense of honesty, transparency and integrity. They are consistent with their word (â€Å"walk the talk†) and adhere to the highest ethical standards and professional conduct. They comply with established rules and regulations. They do not lie, steal or cheat for personal gains. - ORGANIZATIONAL STRUCTURE Sky Cable Central (Main) Organizational Structure MARKETING SALES FRONTLINE PROGRAMMING OPERATIONS RESEARCH amp; PRODUCT DEVELOPMENT ITamp;T amp; ABS FINANCE HROD amp; Admin OFFICE OF THE COO OPERATIONS SUPPORT Pilipino Cable Corporation – Sky Cable Tagum Organizational Structure OIC amp; OM Area Ancillary amp; Prod Manager INTERN Managing Director Area Director IT Officer CSR Area HR Manager Area Finance amp; Accounting Manager Area Engineering Manager - FUNCTION OF THE OFFICE ASSIGNED Budget Functions Finance, together with the Administrator,  plans, directs and coordinates the formulation, preparation, execution, review and analysis of the county’s operating budget and operating program. It also monitors budget appropriations and actual expenditures to ensure compliance with the law. The Finance Director and other administration officials inform the BOC on budgetary and long-range planning matters. The finance  department works very closely with all department heads and elected officials and gathers information to create and maintain the annual budget. Accounting Functions To provide financial reporting, bank reconciliations, transactional journal entries, adjusting journal entries, ancillary schedules and record keeping, fixed asset management, substantive balance sheet analysis, audit preparation including auditor required schedules and analysis, grant compliance and reporting, compliance with all areas of generally accepted accounting principles and their governing bodies. Accounts Payable Functions Records and makes payment of expenditures for each department and each fund within the County . The accounts payable area maintains a system of accounts to  Ã‚  accumulate,  classify, and report on the financial activities of the Countys various  funds and departments. The system provides for the proper accounting of assets, liabilities, revenues and expenditures which facilitates the preparation of financial reports to be submitted to the Board of Commissioners as well as the federal amp; state governments. Revenue Functions Review all sources of revenue to ensure timely receipt. Revenue is responsible for producing invoices for county receivables, coordinating the deposit of cash receipts, identifying and accounting for all funds received, auditing of customer invoices to ensure revenue is billed, monitor key data as it moves through processes and systems to ensure integrity in reported results, identify opportunities for improving billing and/or possible disconnection of services, work with multiple departments to resolve issues. The revenue department is also responsible for meter reading, billing, and accounts receivable for the water department. EMS  billing is also monitored by the Revenue Coordinator. - OBSERVATIONS, COMMENTS AND RECOMMENDATIONS Observations and Comments As to their hospitality, no problem with it because their employees are very humble with regards to their co-employees and also to us interns especially to their customers. As to their system of accounting, it is not well organized enough and there are some of the accounts that are usually misplaced and are missing. With regards to workplace, their office is very limited in space, sometimes or most of the times their office is messy because their office is newly transferred, and is not comfortable for the employees. They are also lack of office equipments/supplies that lead to inconvenience of work. They are also good in dealing with other people through their customer service sector. They are also treating us interns as their regular employees. As to our supervisor, she directs us before she will give tasks to us, but the problem is, her instructions are not so clear enough to understand that’s why we keep on asking her on what to do. In conclusion, I observed that their company is well good. Recommendations Based on my observations, I recommend that if there are transactions that really need to be private, they should keep it because it is not good to hear people that are talking personal transactions in the public. With regards to their accounting system, they should keep all the records of transactions in one account or system that monitors all the accounts to avoid account lost. They should also have a complete set of office supplies such as computer units, chairs and tables for the convenience of their employees. As to our supervisor, she should give ask us if we understand well her instructions before she will give us tasks to do to avoid hesitation and repeating of jobs. - WORK EXPERIENCE WITH H. T. E Sky Cable is the most popular company in terms of cable TVs and this institution gave me a lot of education with regards to accounting applications and customer relation processes. Accounting theories compare to real life situation in accounting is very far enough. Our supervisor, Ma’am Felomina J. Diana, an accounting staff of sky cable corporation taught us very well the processes of accounting in a more convenient way just like locating accounts using MS Excel and preparing checks for payment to suppliers and any bills, constructing acknowledgment form and mostly, preparing bank reconciliation of their company. She trusts us very well because unlike in the banks, she let us see and hold their accounts and transactions. If she feels that we are hungry, she buys snacks for us. Sometimes or most of the times she stopped on what she does just only chitchatting with us. She’s very friendly, approachable, and a good teacher. This is the best of our supervisor. This is the best of Sky.