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In this session, Professor Farhad explores the concept of forward contracts as a hedging instrument, a topic relevant in advanced and international accounting, as well as the CPA exam. He encourages viewers to connect with him on various platforms, including YouTube, LinkedIn, Facebook, and Twitter. The discussion focuses on the hedging of foreign exchange rates, emphasizing that engaging in foreign currency transactions exposes individuals and businesses to risk. Understanding this risk is key, especially for those involved in buying or selling in foreign currencies. Professor Farhad aims to provide comprehensive insights into managing this risk through forward contracts.