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In this video tutorial, Fitz and his dog FIFO introduce the topic of accounting, focusing on lease modifications for Paul, who owns the Pet Vet chain. Paul seeks guidance on how to account for changes in his leases due to an expansion of one clinic. He explains that he is doubling the size of his office from 1,000 to 2,000 square feet, with the new square footage being added at the current higher market rate. Fitz acknowledges that the cost of the expansion exceeds the original lease agreement and proposes discussing the accounting implications further to assist Paul effectively.