How Does the Conceptual Framework Differ from an Accounting Standard

How does the Conceptual Framework differ from an accounting standard?

A) The principles in the Conceptual Framework are designed to provide guidance and apply to a limited range of decisions relating to the preparation of financial reports while accounting standards apply to a wider range of decisions relating to the preparation of financial reports.
B) The principles in the Conceptual Framework are specific in nature while accounting standards provide more general requirements for financial reporting.
C) The principles in the Conceptual Framework are general concepts while accounting standards provide specific requirements for a particular area of financial reporting.
D) The principles in the Conceptual Framework provide specific requirements for a particular area of financial reporting while accounting standards are designed to provide general guidance.

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