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In this video, hosts Sarah Cage and Adam Olson, along with guest Ty Cotter, a lease accounting specialist, discuss embedded leases and the implementation of ASC 842. With private companies adopting the new leasing guidance in 2022, the conversation emphasizes the importance of identifying all leases. Ty Cotter shares insights from his experience and highlights key considerations for those who have already adopted the guidance. Adam introduces the segment by setting the stage for understanding what constitutes a lease under U.S. GAAP, providing a foundational definition before delving into the specifics of embedded leases.