(Date) (Name of President/General or Branch Manager/Human Resource Officer) (Position of Addressee) (Name of Cooperating Agency) (Complete Address of Cooperating

Agency) Baguio City Dear (Sir/Maam), Greetings! In line with our objective of promoting active linkages with the industries, private and government sectors, the College of Accountancy and Commerce of Saint Louis University is offering internship for accounting students. This is in fulfillment of a three-unit course, ACCOUNTING 504 Internship on Accounting Practices, and is aimed at exposing the students to the actual working environment in order to enhance their knowledge, attitude, and skills and at the same time, assist the industry in realizing its vision. In this regard, we request your support as a cooperating agency and partner in providing our students the necessary hours, to fulfill their practicum requirements. Attached also is our standard Memorandum of Agreement(MOA) between Saint Louis University and your organization to effect the partnership in providing internship to our students. The intern(s) is(are) expected to render 300 hours of accounting-related activities. Your good office is to orient them on his/her (their) responsibilities, accountabilities and expected decorum prior to the internship program. Prior to deployment, the interns are oriented on their responsibilities, accountabilities and proper decorum. We vouch that the intern(s) is(are) of good moral character. Upon approval of the MOA, may we request your good office to accommodate the following student(s) starting immediately: (FULL NAME OF STUDENT-INTERN) We hope that we can provide a strong relationship of cooperation for mutual benefit. Please do not hesitate to contact the undersigned for any queries you may have. In behalf of the College of Accountancy and Commerce, we would like to express our gratitude for giving such opportunity to our students. We believe that you are our partners in our commitment to mold future professionals. Thank you and more power. Very truly yours, (Please type your name as adviser on this section) Faculty Adviser Endorsed by: JOSEPHINE A. OCAMPO, CPA, MBA Head, Department of Accountancy Noted by: DR. REYNALDO S. BAUTISTA, CE, MBM Dean, School of Accountancy and Business Management

MEMORANDUM OF AGREEMENT
KNOW ALL MEN BY THESE PRESENTS: This Memorandum of Agreement is made and executed by and between The SAINT LOUIS UNIVERSITY, an educational institution organized and existing under and by virtue of the laws of the Republic of the Philippines, with principal office and address at A Bonifacio Street, Baguio City, Philippines, represented by its President, REV. FR JESSIE M HECHANOVA, hereinafter referred to as the UNIVERSITY - and _________________________________, a private/government institution organized and existing under and by virtue of the laws of the Republic of the Philippines, with principal office and address at _____________________________________________, represented by its ______________________, _______________________________, hereinafter referred to as the COOPERATING AGENCY. WITNESSETH: WHEREAS, the College of Accountancy and Commerce of the UNIVERSITY, offers various degree programs including Bachelor of Science in Accountancy (BSAc) and Bachelor of Science in Management Accounting (BSMA) hereinafter referred to as Accounting, which requires exposure of students to the accounting-related activities in a business setting to augment their theoretical knowledge; WHEREAS, the COOPERATING AGENCY is agreeable and willing to provide the Accounting students of the UNIVERSITY with actual hands-on in accounting-related practices; NOW THEREFORE, for and in consideration of the foregoing premises, the UNIVERSITY and the COOPERATING AGENCY, do hereby agree as follows: 1. That the UNIVERSITY recommends qualified Accounting students to undergo internship with the COOPERATING AGENCY under the following terms and conditions: a. The UNIVERSITY shall designate a Faculty Coordinator who shall supervise the student-intern and regularly monitor his/her performance and attendance for the duration of the internship program. That the Faculty Coordinator of the UNIVERSITY will coordinate with the COOPERATING AGENCYs various activities under this internship program;

b. There will be no employer-employee relationship between the COOPERATING AGENCY and the UNIVERSITY and between the COOPERATING AGENCY and the student-intern; c. The student-intern and the UNIVERSITY shall be personally responsible for any and all liabilities for the damage to the properties or injury to third persons, which maybe occasioned by their intentional or negligent acts while in the course of internship; d. There is nothing in this contract that implies any future employment rights to the UNIVERSITYs student-intern. The COOPERATING AGENCY neither represents nor implies any obligation to the student-intern upon completion of the internship program; e. The student-intern and the Faculty Coordinator shall abide by the COOPERATING AGENCYs rules and regulation and comply with those imposed for the internship program; otherwise he/she shall be excluded from further participation; provided, however, that the UNIVERSITY and the student-intern are given copies of the same at the beginning of the internship program; f. The Student-intern shall be assigned to the offices of the COOPERATING AGENCY or in its branches as pre-approved by the UNIVERSITY. In no case shall the Student-intern be allowed to be brought to or assigned in locations outside the COOPERATING AGENCYS main offices without the prior approval of the UNIVERSITY President in writing. g. This agreement may be terminated for convenience by the COOPERATING AGENCY upon its prior written notice within reasonable time to the UNIVERSITY or the Faculty Coordinator; h. The UNIVERSITY may pull out any student-intern from the internship program on reasonable grounds after a written notice about such pull out; i. Each student-intern shall submit to the COOPERATING AGENCY detailed reports and documentation with respect to the services performed by him/her as may be periodically required by the COOPERATING AGENCY; That the student-intern shall adhere to all the COOPERATING AGENCYs safety rules and regulations. Any safety violation committed by the student-intern may result in the termination of his/her internship program;

j.

k. That the student-intern shall provide his/her own necessary uniform/appropriate attire for personal use within the whole duration of the internship program;

2. That the COOPERATING AGENCY shall accommodate the student-intern for the internship program subject to the following terms and conditions: a. The COOPERATING AGENCY allows the student-intern to undergo the internship program without any monetary consideration and subject to the policies, procedures, and guidelines of the UNIVERSITY in accordance with CHED Memo Order No 3, series of 2007; b. The COOPERATING AGENCY shall have the right to screen or refuse recommended Accounting students by the UNIVERSITY to undergo practicum with the COOPERATING AGENCY; c. The COOPERATING AGENCY shall deploy to the different areas of the COOPERATING AGENCY the student-intern recommended by the UNIVERSITY to undergo the internship program. Specific assignments of each student-intern shall be the COOPERATING AGENCYs sole discretion, which shall be subject to change from time to time upon written notifications to the Faculty Coordinator; d. The COOPERATING AGENCY shall assign personnel to take charge and supervise the student-interns internship program. The practical and related works that will be assigned to the student-intern will be along his/her area of specialization; e. The COOPERATING AGENCY shall accomplish the necessary forms required by the UNIVERSITY in connection with the internship program of the student-intern; f. The COOPERATING AGENCY shall issue periodic evaluation reports and a certificate of completion to the student-intern who successfully finished the internship program; and g. The COOPERATING AGENCY shall adopt and enforce rules that will govern the conduct of the program. Said rules shall be made known to the UNIVERSITY and the student-intern before the start of the internship program. 3. That this Memorandum of Agreement shall be effective on __________________ regardless of the date of execution hereof and shall continue thereafter up to _________________________; provided that the COOPERATING AGENCY and the UNIVERSITY reserve the right to withdraw its participation in the agreement upon written notice. 4. That neither party shall publicly announce the existence of this agreement, or advertise or release hereto before, during and after the existence of this agreement without securing the prior written consent of the other. 3

5. That this Memorandum of Agreement represents the complete and fully integrated understanding of the parties and it is intended to incorporate and supersede all previous negotiation, written or oral and may not be altered, changed or amended or modified except by an agreement in writing signed by the parties. IN WITNESS WHEREOF, the parties hereto sign this Memorandum of Agreement this_________________________ at ____________________.

SAINT LOUIS UNIVERSITY By By

REV FR JESSIE M HECHANOVA, CICM President

Witnesses

DR REYNALDO S BAUTISTA, CE, MBM Dean, School of Accountancy and Business Management