According to international accounting principles, the preparation of the consolidated financial statements for the current year cannot simply be based on the previous year's consolidated financial statements. It is always necessary to start with the financial statements of the individual entities to be consolidated for the current year and then proceed with the necessary adjusting entries.

This approach ensures that all financial and operational changes of the individual entities are accurately reflected in the consolidated financial statements, thereby maintaining compliance with international accounting standards, particularly the provisions of IFRS 10 (International Financial Reporting Standards).

To achieve this, the Consolidate Online module should allow accountants to import both operating transactions and opening balances. This capability will enable the consolidation process to begin from scratch, directly using the financial statements of individual legal entities, and then applying the necessary adjustments.