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Fieldtrip Reaction Paper

Decent Essays

Time is Platinum.

"Late comers will be left behind."

August 23, 2006

Last August 23, 4:30 PM at IIT guardhouse time, we departed from MSU-IIT campus to start our most awaited trip to Cebu City via a Rural Transit bus that transported us to the pier in Cagayan de Oro, where we aboard Trans Asia 1. Dinner was served before departure and at exactly 8:30 PM, the ship left the port. We're together with the BS Economics and BS Physics students in the Economy A section of the ship (third floor) while our teachers were accommodated in the Tourist class.

At last, we're going to Visayas. It was really fun to travel by batch and we had some fun looking around the ship. It was a cold windy night and almost everyone slept late because of …show more content…

Nieva recognized her when they chatted while we were having the semi-formal lecture.

Three of the lawyers there gave us an overview of what is SEC all about, its functions, and how does it work. Knowing that we are majoring accounting, they also discussed about the accreditation of Certified Public Accountants. It is a requirement for the CPAs to get accredited in order to be recognized by SEC. According to them, through online transactions, one can now reserve a name by accessing through the website of SEC, the http://www.sec.gov.ph . With that, a more efficient, fast and reliable service is now available to cater the needs of their clients. This also includes registering corporations and partnerships, getting new information and memorandum orders regarding SEC and its company profiles as well as customer service. We have also seen some of the actual papers that were given to clients for the approval of the registration of the businesses. It is color coded depending on the nature of the business entity registered as to profit or not for profit, stock and non-stock.

In addition, they gave us flyers about SEC and they answered all our questions too. We had picture taking in their office together with the staffs there. Here is some of the information we got from them.

History: SEC was established on 26 Oct 1936 by virtue of the Commonwealth Act No. 83 or the Securities Act. Its establishment was prompted by the need to safeguard

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