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Hide Option Choice in the Accounting Contract

Hide Option Choice in the Accounting Contract

Aug 6th, 2022

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How to Hide Option Choice in the Accounting Contract

5 out of 5

23 votes

In this tutorial, Sarah Cage and co-host Adam Olson are joined by Ty Cotter, a resident lease accounting specialist at Embark, to discuss embedded leases under ASC 842. With private companies required to adopt new leasing guidance in 2022, today's discussion focuses on identifying and understanding these leases. Ty shares his experience in implementing the guidance and navigating its complexities. The conversation begins with Adam providing a definition of a lease under U.S. GAAP, setting the foundation for the discussion. The session aims to be both insightful for those just beginning to adopt the guidance and a helpful refresher for those already familiar with it.

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