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In this video tutorial, hosts Sarah Cage and Adam Olson, along with expert Ty Cotter, discuss the topic of embedded leases under the new leasing guidance ASC 842, which private companies are required to adopt by 2022. Ty Cotter shares his experience with implementing these guidelines, emphasizing the importance for companies to identify all their leases. The hosts aim to clarify the definition of a lease under U.S. GAAP, providing foundational knowledge for listeners before delving into the complexities of embedded leases. The discussion targets both companies new to the guidance and those seeking a refresher on key considerations related to their leases.