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In this video tutorial, Sarah Cage and co-host Adam Olson discuss embedded leases with Ty Cotter, a lease accounting specialist. The conversation centers around the implementation of ASC 842, particularly relevant for private companies adopting new leasing guidance in 2022. They aim to help organizations identify all their leases and provide 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 set the stage for the discussion on embedded leases. Throughout the session, they address key considerations and pose questions to enrich understanding of the topic.