Adjusting entries are often prepared after the statement of financial position date, but dated as of the statement of financial position date.

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This is because adjusting entries are made to ensure that financial statements accurately represent the financial position, financial performance, and cash flows of the company for the period in question. These entries may be made after the statement of financial position date, but must be dated as if they were made on or before the statement of financial position date to ensure accuracy.

Adjusting Entries Are Often Prepared After the Statement of Financial