Report Component: A component is a set of facts which go together (tend to be cohesive and share a certain common nature) for some specific purpose within a financial report. For example, a "balance sheet" is a component. "Maturities of long-term debt" is a component. A component can also be broken down into subcomponents.

The facts which comprise a component tend to have common characteristics (i.e. the set of characteristics are the same, not "jagged" or random.)