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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 at Embark. Ty has experience implementing ASC 842, particularly relevant for private companies required to adopt new leasing guidance in 2022. The discussion aims to assist these companies in identifying all their leases, providing a refresher for those who have already adopted the guidance. Adam emphasizes the importance of understanding the definition of a lease under U.S. GAAP as a foundational step before delving into the specifics of embedded leases. The session promises to offer meaningful insights and key considerations for both current and prospective adopters of the leasing standards.