The academic report will receive the published state and will be published to the student profile.
If you need to make changes to your academic report after publishing it, you can set it back to Student Entry via the Allow student entry icon under Publish. Documents will need to be regenerated after changes have been made before the report is republished otherwise the changes will not be published to the student profile.
If you do not want to make any further changes nor allow somebody else to make changes, you can lock an academic report.