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In this session, Professor Farhad discusses the use of forward contracts as a hedging instrument in advanced accounting, international accounting, and the CPA exam. He emphasizes the importance of hedging foreign exchange rates to manage risks associated with foreign currency transactions. Viewers are encouraged to visit his website or YouTube channel for additional lectures and can connect with him on LinkedIn, Facebook, or Twitter. Hedging foreign exchange rate is essential to mitigate risks in foreign currency transactions. Subscribe for more insights and tips.