👉 A reportable is a type of financial statement that is required to be reported by an organization or entity. It is typically used in accounting and reporting, and it is designed to provide information about the financial position of an organization, including its revenue, expenses, assets, liabilities, and net worth. Reports are usually presented at the end of each period, and they are designed to help investors, creditors, and other stakeholders understand the financial performance of a company. Examples of reportable statements include balance sheets
