Management Accounting

Like with any kind of business investments, the individual and organizational development as well as the supervision exercises must result in tangible economic benefits.

In my case this translates into conscious and process-driven financial operations, measurable and stable productivity improvements, and finally, achieved financial goals.

This idea prompted me to establish close cooperation with a corporate finance expert, who has professional standards similar to mine, is able to contribute substantially to the development of conscious financial operations mentioned above, and has the right approach to measure the economic outcomes objectively.

It was also very important for me, that besides the business ambitions we share the same basic values regarding human and social issues. Last but not least, deep theoretical and practical background and track records were too prerequisites for a successful cooperation.

I know János Illéssy as such a person. His unique and original management accounting method called ‘TARI’ supplements my activity perfectly, and vice versa.  

ILLÉSSY, JÁNOS

PhD, MBA, MSc

János has gone through substantial theoretical education in his life. More importantly he values the experience and practical knowledge that he could gain as CFO of medium to large size organizations over his 20-year corporate career. He worked few years as a financial executive in the banking sector too.

Both his educational and practical track record is therefore profound, balanced and comprehensive.

He earned his first masters degree in electrical engineering from the Budapest University of Technology and Economics. He was soon promoted to senior positions, especially in the field of financial management. János graduated as MBA and PhD in finance, both from the University of Pittsburgh, USA.

Besides corporate finance, management accounting, capital markets, financial valuation and budgeting, he is also experienced in strategy development and execution.

Major positions held in the past:

  • Chief Financial Officer; Member of the Board of Directors; Pannonplast Plc.; 1996-2001
  • Chief Financial Officer; BNP Paribas Bank Hungary; 2001-2003
  • Chief Financial Officer; Member of the Board of Directors; BorsodChem Plc.; 2004-2007

Current activities:

  • Business consultant, helping leadership teams mainly in developing and launching management accounting systems
  • Decades-long teaching of finance in local and international executive MBA programs; Currently at Corvinus University (Budapest) and Steinbeis University (Berlin); Formerly at International Management Center (Budapest), University of Pittsburgh (USA), the Case Western Reserve University (USA), Central European University as well as at KPMG Academy.
  • Chairman of the Audit Committee and Member of the Supervisory Board; Magyar Telekom (Budapest)

János served as President of the Hungarian Christian Businessmen’s Committee for three full terms (nine years); He is still an active member.

Married, with three children. In his spare time he is a motorbike rider, D-I-Y worker, cook and athlete (tennis, soccer).

Clients feedback

With Zoltan the work is constructive and effective! Beyond the problems of organizational structure he’s also helping CEOs to solve the occurring complex problems caused by the constant overwork, by modifying the approach of management. He has multiple complementary qualifications and the ‘real life’ experiences obtained at other companies which make him a very credible adviser in his role. At the end of the gruelling work together there are always issues that have emerged or new ideas, that makes it all worth it after all.

Pintér Gábor
CEO, owner
Ventil Épületgépészeti Kft.

Palatinus Zoltan is a great coach and psychologist, so he can ‘see through’ the man. Fortunately, each week we are lucky enough to listen to his clever thoughts (at least 30 of us without a sound coming out), from which we have profited already in the long run for both our shop and our private lives.

Turcsanyi Andrea
TWINS Travel

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