One of the uses of the Conceptual Framework is that it provides parameters for the exercise of judgement in resolving accounting issues:

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The Conceptual Framework provides a basis for the consistent application of accounting standards and principles, which in turn helps to provide guidance in resolving accounting issues and exercising judgement. It establishes the objectives and concepts for financial reporting, and outlines the qualitative characteristics of useful financial information. Therefore, the use of the Conceptual Framework can help users of financial statements to make informed decisions and assist preparers of those statements in making reasonable judgements.

One of the Uses of the Conceptual Framework Is That