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In this video tutorial from WallStreetmojo, the focus is on accounting for derivatives. Viewers are encouraged to subscribe to the channel. The tutorial explores the risks organizations face in their business operations, including market risks such as interest rate risk, foreign exchange risk, and commodity pricing risk. These risks can lead to income volatility, prompting organizations to take measures to mitigate these exposures, a process known as hedging. This is typically done using derivative financial instruments like forwards, futures, options, and swaps. Additionally, some organizations may engage in derivative contracts for speculative or trading purposes. The tutorial aims to provide a comprehensive understanding of this topic.