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In this session, Professor Farhad introduces the topic of accounting for foreign currency transactions, which is essential for advanced and international accounting courses, as well as the CPA exam. He invites viewers to connect with him on LinkedIn, Facebook, and Twitter, and encourages them to subscribe to his YouTube channel for more lectures. The professor highlights the importance of understanding the complexities involved in recording and reporting foreign currency transactions, indicating that it is a critical concept to master. He is set to delve into the specific challenges associated with these transactions.