Embedded Leases: Are They Hiding in Your Contracts?
Sep 05, 2021•32 min•Ep. 7
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Episode description
Private companies are getting closer and closer (2022!) to the adoption deadline for the new lease accounting standard, ASC 842. That’s why we sat down with one of Embark’s lease accounting gurus, Ty Cotter, to discuss embedded leases in this episode of Accounting Matters, hitting on topics like:
- Why embedded leases matter under the new leasing standard
- Common contract types that may contain lease components
- The definition of a lease under ASC 842
- Accounting for lease and non-lease components in contracts
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