Summary
Ranked number 1 on the Fortune 500 list, Walmart is the world’s largest organization with more than 611 billion USD in annual revenue, 2.3 million employees, and 11,000 stores. In 2016, Walmart initiated its compliance project for the IFRS 16 and ASC 842 lease accounting standards.
In this webinar, Walmart shared its experience adopting the new lease accounting standards for its global operations and managing the unique requirements for each region, using Nakisa Lease Administration software. This informative session provides accountants and other financial professionals with valuable insights and practical advice on implementing the changes to lease accounting.
“Nakisa for us is the one we are using for real estate for all of our markets. The benefit that we have seen is that is can do the accounting IFRS 16, ASC 842 and have an SAP integration. It is the system that we used that connects to the fixed assets and solved the affects problem.”
– Shawn Husband, Senior Director, Lease Center of Expertise, Walmart
