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In this session, Professor Farhad discusses forward contracts as a hedging instrument, a topic relevant for advanced and international accounting and the CPA exam. He encourages viewers to connect with him on various platforms, including YouTube, LinkedIn, Facebook, and Twitter. The tutorial focuses on the hedging of foreign exchange rates, highlighting that engaging in foreign currency transactions, such as buying or selling, exposes individuals to risks. The session builds upon concepts established in a prior discussion, emphasizing the importance of understanding these risks when dealing with foreign currency transactions.