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In this video, Sarah Cage and co-host Adam Olson discuss embedded leases with guest Ty Cotter, a lease accounting specialist at Embark. The focus is on the implementation of ASC 842, particularly for private companies adopting the new leasing guidance in 2022. The discussion aims to help companies identify all their leases and serves as a refresher on key considerations for those who have already adopted the guidance. Adam provides a foundational definition of what constitutes a lease under U.S. GAAP, setting the stage for understanding embedded leases. The conversation promises valuable insights and answers to questions relevant to their audience.