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In this segment, hosts Sarah Cage and Adam Olson introduce Ty Cotter, a lease accounting specialist at Embark, who shares insights on implementing ASC 842, focusing on embedded leases for private companies adopting the new guidance in 2022. The discussion aims to help companies identify their leases, offering a refresher for those who have already adopted the guidance. Adam emphasizes the importance of defining what constitutes a lease under U.S. GAAP to provide context before delving into the topic of embedded leases. The conversation is geared towards clarifying key considerations for lease accounting.