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Hide Amount Field to the Accounting Contract

Hide Amount Field to the Accounting Contract

Aug 6th, 2022

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How to Hide Amount Field to the Accounting Contract

4.8 out of 5

71 votes

In this YouTube video tutorial, Sarah Cage and co-host Adam Olson introduce Ty Cotter, a lease accounting specialist from Embark. The discussion focuses on ASC 842, particularly regarding embedded leases, as private companies prepare to adopt the new leasing guidance in 2022. Ty shares insights from his experience in implementing this standard, emphasizing the importance of identifying all leases. The conversation aims to clarify key considerations for those who have already adopted the guidance and serves as a refresher. Adam begins by seeking a definition of a lease under U.S. GAAP to provide foundational understanding before delving into embedded leases.

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