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In this session, Professor Farhad discusses forward contracts as a hedging instrument, relevant in advanced and international accounting, and pertinent for the CPA exam. He invites viewers to connect with him through various platforms, including YouTube, LinkedIn, Facebook, and Twitter, to enhance engagement. The session builds on previous discussions about hedging against foreign exchange rate risks associated with foreign currency transactions. He explains that engaging in such transactions exposes individuals to risk, which is a central theme of the lecture. Additional resources can be found on his website and YouTube channel for those interested in further learning.