The Illinois Report-Current account is a financial report that tracks and accounts for the current financial activity of a business located in the State of Illinois. It is a comprehensive financial statement that reports the entity’s financial position, income, expenses, and cash flows for the current year. It provides an assessment of the current financial performance of the business. There are two types of Illinois Report-Current account: the Statement of Financial Position and the Statement of Income and Expenses. The Statement of Financial Position provides detailed information on the assets and liabilities of the business as well as the equity and any long-term debt. The Statement of Income and Expenses provides information on the business’s income and expenses, as well as any changes in net assets. The Illinois Report-Current account is used by businesses to evaluate their financial health, determine their financial performance, and plan for the future. It is also used by creditors, investors, and other stakeholders to assess the financial situation of the business.