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In this video tutorial, Sarah Cage and co-host Adam Olson welcome Ty Cotter, an expert in lease accounting at Embark. The discussion focuses on the implementation of ASC 842, particularly regarding embedded leases relevant to private companies adopting new leasing guidelines in 2022. The session aims to help these companies identify all their leases and provides a refresher for those already familiar with the guidance. The hosts emphasize the importance of understanding what constitutes a lease under U.S. GAAP, setting the foundation for the discussion on embedded leases. Questions are encouraged to facilitate deeper insights.