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In this session, Professor Farhad discusses forward contracts as a hedging instrument, a concept relevant to advanced and international accounting, as well as the CPA exam. He encourages viewers to connect on various platforms, including YouTube, LinkedIn, Facebook, and Twitter. The focus of the session is on hedging foreign exchange rate risks, particularly for businesses involved in foreign currency transactions—either buying or selling in foreign currencies—which introduces significant risks. Further exploration of these topics is encouraged through additional lectures available on his website and YouTube channel.