Video
Better, faster, more compliant – achieving AASB16 compliance
Corporate occupiers have faced their fair share of challenges over the last 12 months with COVID-19 coming at the same time as the introduction of sweeping new lease accounting requirements (AASB16/IFRS16).
Jim Kondonis is CFO at Lowes, one of Australia’s most enduring family-owned businesses for over 123 years with 190 stores across Australia. 190 stores mean 190 commercial leases to manage under the new standards, and so Jim joins us in this session from MRI Ascend APAC 2021 to share how he and the Lowes team met this challenge head-on, implementing software in the middle of a pandemic, changing their processes, and improving the flexibility and efficiency of their operations while they were at it.
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