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In this video tutorial from WallStreetMojo, viewers are introduced to the topic of accounting for derivatives. The presenter emphasizes the importance of understanding how organizations are exposed to various market risks, including 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 such as forwards, futures, options, and swaps. Additionally, some companies may engage in derivative contracts for speculative or trading purposes. The tutorial aims to provide a comprehensive guide on this subject, encouraging viewers to watch until the end and subscribe for more content.