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In this YouTube video, Sarah Cage and co-host Adam Olson discuss embedded leases with guest Ty Cotter, a lease accounting specialist at Embark. The conversation highlights the importance of understanding embedded leases, particularly for private companies adopting ASC 842 in 2022. Ty shares his experience with the new leasing guidance and its implications. Adam emphasizes the need to define what constitutes a lease under U.S. GAAP, which sets the groundwork for comprehending the topic. The discussion aims to aid companies in identifying all their leases, serving as a refresher for those who have already adopted the guidance.