Creating Consolidated Financial Statements
Last updated on 2025-07-08
Overview
After you have defined the structure and master data of your group, you can configure the app-supported consolidation of your group in the Consolidated financial statements workspace.
To do so, first create a so-called consolidated financial statement element in the Consolidated financial statements workspace for the desired combination of group and data level and define the time period of the consolidated financial statements. This chapter describes how to proceed.
Subsequently, in these consolidated financial statements elements, you can:
- Transfer the proportioned data from the organization elements in the consolidation areas
- Configure all consolidation apps needed for the consolidated financial statements
- Execute the consolidated financial statements
Notes for customers who have used apps of the Consolidation 2 or Consolidation 2 Next Generation in Lucanet.Financial Client
- Elements of type File and Text document cannot be displayed and/or edited in the Lucanet CFO Solution Platform
- For information on the apps supported in the CFO Solution Platform, please read the Notes on Migration From Lucanet.Financial Client.
This article contains the following sections:
Creating consolidated financial statements element
To create a Consolidated financial statements element, proceed as follows:
- Open the Consolidated financial statements workspace.
- In the dimension bar, select the combination of group and data level for which you wish to create the consolidated financial statements.
- Falls Sie für diese Kombination aus Konzern und Datenebene noch keine Stammdaten definiert haben, klicken Sie unter Stammdatenverwaltung auf + Anlegen und konfigurieren Sie die Stammdaten wie unter Stammdaten verwalten beschrieben.
If you have already defined Master Data, a link to the corresponding Master Data Management is displayed. - Highlight the root folder Consolidated financial statements and select New | Consolidated financial statements from the context menu.
- Configure the options in the Create consolidated financial statements dialog as described below.
- Save the element.
Option
Description
Name
Group financial statements name
Period
Period of the consolidated financial statements
Note: The time period must lie within the time period of the selected data level.
Behavior in case of error:
Wählen Sie ein gewünschtes Verhalten, wenn bei der Ausführung des Konzernabschlusses ein Fehler auftreten sollte:
- Continue execution
- Cancel execution
Use template
Please activate this option if you would like to use a template for the consolidated financial statements.
Then, in the Journal select the desired combination of data level and group and from the drop-down list the desired consolidated financial statements to be used as a template.
Note for customers who have already used Financial Consolidation 2 in the Lucanet.Financial Client:
In Lucanet CFO Solution Platform only templates can be used that exclusively contain consolidation apps of the Next Generation.