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

I would like to give feedback on our second training! Students unanimously enjoyed the training because they think it was more personal and more practical than the first one and they considered it useful and very interesting! They would like to continue on this image with many many practical examples!

Pall Monika
Regular fundraising leader
UNICEF Hungary

Zoli is not only a coach who’s holding a mirror in order to promote individual development, but he’s also giving credible and useful advice. He does it with extraordinary professionalism and empathy, knowing exactly when to be ruthlessly honest and when you need support and help. Our work together has helped greatly to develop my human relationships through a better understanding of myself and also helped me to be a more credible leader. I see in him, a man who does coaching not only as a job, but as a profession.

Németh Zoltán
Schneider Electric (senior manager) Energy Prodax Plant Manager

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