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Accounting 202 Intermediate Financial Accounting University of Pennsylvania The Wharton School Spring, 2009 Instructor: Address: Phone: Email: Website:Uzi Hail 1319 Steinberg Hall Dietrich Hall (215)
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How to fill out intermediate financial accounting

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Start by gathering all the necessary financial documents, such as income statements, balance sheets, and cash flow statements.
02
Familiarize yourself with the basic accounting principles and concepts that are applicable to intermediate financial accounting.
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Analyze and interpret the financial data provided in the documents.
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Prepare journal entries to record financial transactions accurately.
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Record adjusting entries to ensure that the financial statements reflect the true financial position of the company.
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Create financial statements, including the income statement, balance sheet, and statement of cash flows, using the adjusted data.
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Perform ratio analysis and other financial analysis techniques to assess the company's financial performance and stability.
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Prepare closing entries to close temporary accounts and transfer their balances to the retained earnings account.
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Review the completed financial statements for accuracy and compliance with accounting standards.
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Finally, analyze the financial statements to assess the company's profitability, liquidity, and solvency.

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