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Hide Smart Field in the Accounting Contract

Hide Smart Field in the Accounting Contract

Aug 6th, 2022

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How to Hide Smart Field in the Accounting Contract

4.6 out of 5

28 votes

In this video tutorial, hosts Sarah Cage and Adam Olson introduce Ty Cotter, a lease accounting specialist, to discuss embedded leases under ASC 842. With private companies required to adopt new leasing guidance in 2022, the session aims to help them identify all their leases. The discussion will also serve as a refresher for those who have already implemented the guidance. Adam emphasizes the importance of defining what constitutes a lease under U.S. GAAP before delving into embedded leases. The hosts have a series of questions prepared for Ty to explore these key concepts in detail.

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