A comprehensive financial statement is an important document for businesses, investors, and other stakeholders to assess the financial health of a company. It is a compilation of financial information that includes the company's income statement, balance sheet, cash flow statement, and statement of changes in shareholders' equity. These documents provide a snapshot of the company's financial performance and help stakeholders to make decisions regarding the company.

The income statement is a document that summarizes the company’s financial performance over a period of time. It includes revenue, expenses, and profits. This document helps to determine the profitability of the company and provides a picture of the company’s financial health.

The balance sheet is another important component of a comprehensive financial statement. This document shows the company’s assets, liabilities, and shareholders’ equity. It provides a picture of the company’s financial position and helps to understand the company’s ability to pay its debts.

The cash flow statement is a document that shows the company’s cash transactions over a period of time. It includes the company’s cash inflows and outflows. This document helps to understand the company’s financial stability and ability to generate cash.

The statement of changes in shareholders’ equity is a document that shows the changes in the company’s shareholders’ equity over a period of time. It includes the company’s profits, dividends, and any other changes in the company’s equity. This document helps to understand the company’s ability to generate returns for its shareholders.

These four documents provide a comprehensive picture of the company’s financial performance and position. They help stakeholders to understand the company’s financial health and make decisions regarding the company.

In addition to these four documents, a comprehensive financial statement may include other documents such as notes to the financial statements, management’s discussion and analysis, and auditors’ report. These documents provide additional details about the company’s financial performance and position.

Overall, a comprehensive financial statement is an important document for businesses, investors, and other stakeholders to assess the financial health of a company. It includes the company’s income statement, balance sheet, cash flow statement, statement of changes in shareholders’ equity, and other documents that provide additional details about the company’s financial performance and position. Understanding the components of a comprehensive financial statement is essential for stakeholders to make informed decisions about the company.