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In this video tutorial, Sarah Cage and co-host Adam Olson discuss embedded leases with Ty Cotter, a resident lease accounting specialist at Embark. The focus is on the implementation of ASC 842, particularly for private companies that must adopt new leasing guidance in 2022. Ty shares his experience in navigating lease identification under this new standard. The discussion aims to provide insights for those beginning to identify their leases and serves as a refresher for those who have already adopted the guidance. Adam emphasizes the importance of defining what constitutes a lease under U.S. GAAP before diving deeper into the topic of embedded leases.