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In this video tutorial from WallStreetmojo, the topic is accounting for derivatives. It begins by welcoming viewers and encouraging new subscribers. The tutorial addresses the various market risks organizations face, such as interest rate risk, foreign exchange risk, and commodity pricing risk, which can lead to income volatility. To mitigate these risks, organizations often use derivative financial instruments, including forwards, futures, options, and swaps. The tutorial also notes that some organizations may engage in derivative contracts for speculative or trading purposes. The content aims to provide a comprehensive understanding of accounting for these financial instruments.