1. ENTREPRENEURSHIP
MOCK COMPANIES

2. Mock company (= virtual company) - Development of entrepreneurial competitions - Simulates real processes, products, services

3. Mock companies . http://www.penworldwide.org/

4. Phases of development Application and undersigning a contract
Application and undersigning a contract

5. A mock company doesn´t produce real products/ services Virtual firm
competition

6. Setting up of the company
Products – brainstorming
Firm – name, logo
Choosing a legal form
Registration at CEFIF

7. Company structure Headquarters Trade and promotion department
Human resources and legal department
Accounting department

8. Running of a mock company
Business plan making (marketing research, competition analyses)
Plan making of each department
Product promotion

9. Running of a mock company
Product sale – selling to other mock companies in our country and abroad
Purchasing products of other mock companies
All transactions done using the open space computer system of CEFIF – it is necessary to carry out all the accounting operations in the CEFIF computer on- line system
Trade fairs of mock companies

10. Closing of a mock company
Financial statement
Annual report
Company closing
Getting a certificate of CEFIF for each member of the company

11. CEFIF Certificates for the best students

12. The mock company of the last year with products of language courses

13. Thank you for your attention.