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In this session, Professor Farhad discusses forward contracts as a hedging instrument, a topic relevant to advanced and international accounting, as well as the CPA exam. He encourages viewers to visit his website or YouTube channel for additional lectures and expresses his desire to connect with his audience on a personal level through various platforms like LinkedIn, Facebook, and Twitter. The session highlights the risks associated with foreign currency transactions, focusing on the implications of buying or selling in a foreign currency and the associated foreign exchange rate risk.