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Hide Line into the Accounting Contract

Hide Line into the Accounting Contract

Aug 6th, 2022

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How to Hide Line into the Accounting Contract

4.7 out of 5

45 votes

In this video tutorial, hosts Sarah Cage and Adam Olson discuss the complexities of embedded leases under the new lease accounting standard, ASC 842. They are joined by Ty Cotter, a lease accounting specialist who has experience with the standard, particularly its implementation for private companies required to adopt it in 2022. The discussion aims to help companies 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, setting the stage for a deeper exploration of embedded leases. The session prepares listeners for key considerations related to the topic.

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