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In this YouTube video tutorial, hosts Sarah Cage and Adam Olson, along with guest Ty Cotter, discuss the topic of embedded leases under ASC 842, which private companies must adopt by 2022. Ty Cotter, a resident lease accounting specialist, shares his expertise from implementing the new leasing guidance. The conversation aims to assist companies in identifying all 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 according to U.S. GAAP to set the stage for the discussion on embedded leases.