Shouldn’t all companies be forced to report comprehensive incobcime to users like playtech plc?

1. The HW assignment folder includes extracts of the comprehensive income presentation for the following two UK gambling and gaming companies for their 2021 financial years:
i) Flutter plc
ii) Playtech plc
Both companies prepare their financial statements in accordance with IFRS as adopted by the UK. IAS 1 Presentation of Financial Statements provides two options for the presentation of income (i.e. profit and loss) and comprehensive income:
10A An entity may present a single statement of profit or loss and other comprehensive income, with profit or loss and other comprehensive income presented in two sections. The sections shall be presented together, with the profit or loss section presented first followed directly by the other comprehensive income section.
An entity may present the profit or loss section in a separate statement of profit or loss. If so, the separate statement of profit or loss shall immediately precede the statement presenting comprehensive income, which shall begin with profit or loss.” (IASB, 2014, IAS 1 Presentation of Financial Statements, London: IASB)
In 2011, the FASB’s Accounting Standards Update (ASU) 2011-05, Presentation of Comprehensive Income, converged the presentation options for comprehensive income to those required by IAS 1.
From the perspective of an investor, lender, or other creditor, compare and contrast how the two UK companies present and report (i.e. as one combined statement or two separate statements) income and other comprehensive income (OCI) and explain which entity’s income presentation approach provides users the relevant and faithfully representative view of yearly comprehensive income. Refer directly to information contained in each financial statement when justifying your answer. Shouldn’t all companies be forced to report comprehensive incobcime to users like Playtech plc?

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