Restoring to a new Windows 7 account from another

Is it possable to create a new windows 7 admin account and restore from another account to that one? In other word have identical accounts with the same favorites and all my norton login info as well as others.

I think, it is possible to do using the following steps:

1. Go to Control Panel > System.
2. Click Advanced System Settings.
3. Click Settings under User Profiles.
4. Click the profile you want to copy.
5. Click Copy to and type in or browse for the profile you want to overwrite.
6. Click Permitted to use and add all user accounts that you want to give full control of the profile to.
7. Click Ok.

That doesn’t work. When I highlight the one i want to copy the only option is to delete it.