Which of the following statements accurately describes the concept of Hedge Accounting in accounting?

A$)$ Hedge Accounting is a method used to speculate on future financial market movements to maximize profits.

B$)$ Hedge Accounting involves aligning hedging activities with accounting treatments to reduce earnings volatility arising from fluctuations in interest rates, foreign exchange rates, and commodity prices.

C$)$ Hedge Accounting is a regulatory requirement for all financial institutions, regardless of their exposure to market risks.

D$)$ Hedge Accounting is solely focused on minimizing tax liabilities associated with financial transactions.

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