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In this session, Professor Farhad discusses forward contracts as a hedging instrument, relevant for advanced and international accounting, as well as the CPA exam. He encourages viewers to connect with him via YouTube, LinkedIn, Facebook, and Twitter for more content and personal engagement. The tutorial emphasizes the importance of hedging against foreign exchange rate risk, particularly for those involved in foreign currency transactions. Following a prior session, it highlights the necessity of understanding this risk when buying or selling in foreign currencies.