此外，该框架有一种倾向，即把重点放在财务报表中所载数据的重要性上，而财务报表是必不可少的，但是没有研究允许管理人员管理的数据的重点。会计原则只关注经济中表现出来的现象和交易，而这些现象和交易也受到了索洛(Solo, 2000)等研究人员的批评(Teizeira, 2015)。有一种观点认为，在必须作出投资决定时，特别是在明显存在区域差异时，业务的其他组成部分，例如实体对广泛社区的影响和外部环境，也是必不可少的。此外，用户的需求是多样化的，可能会有各种标准的需求，但是一个单独的概念框架，没有复杂性就不能满足不同的需求。当寻找一个普遍的基础和简单的方法来获得全世界的认可时，框架应该认识到其中存在的一些与泛化相关的缺陷(Gordon et al.， 2015)。
这意味着开发特定的规则，以帮助治理框架不充分的情况。此外，概念框架为会计实践和原则制定了标准。然而，在不同国家之间设置框架的局限性也不容忽视。在所有国家建立这一框架都是很有问题的。rick和发达国家可以遵守这一框架，但发展中经济体将发现它需要更多的资金和时间。财务报告概念框架的使用有助于规定财务会计的性质和报告，具有功能和局限性。由于概念框架的质量和实用性，框架的贡献在于它的存在。制定《商定框架》的理由是，它有助于提供基本原则，支持加强与会计有关的标准。(Barth et al.， 2015)。即使在其局限性存在，例如泛化问题和在特定情况下的不足之后，框架的优势，例如为加强比较和一致性而制定的标准，以及管理财务报告的普遍接受的框架，也会超过缺点。
Moreover, the framework has a tendency of focusing on the importance of data contained within statements of finances which are essential, but the focus on data allowing the management stewardship management is not looked into. The accounting principles focus only over phenomena and transactions expressed within economies that have also been criticized by researchers such as Solo, 2000 (Teizeira, 2015). There is a perspective that other components of operations, such as the influence of entity on the wide community, and the external environment, are also essential when decisions of investment have to be made especially when regional differences are evident. Additionally, the requirement of users is diverse and there may be requirement for various standards and however an individual conceptual framework, without complexity cannot cover the distinct requirements. When looking for a general basis and simplicity for gaining the desired acceptance across the world, the framework should recognize several suffering generalization related inadequacies present within it (Gordon et al., 2015).
This signifies developing particular rules that help in governing situations of inadequate framework. Furthermore, conceptual framework has set standards for practices and principles of accounting. However, the limitations of setting the framework across different nations are not something to ignore. It is very problematic to set up this framework in all nations. The rick and developed nations can abide to the framework but the developing economies will find it more capital and time consuming.Use of conceptual framework for financial reporting helps in prescribing the financial accounting nature and reports, with functions and limitations. The framework’s contribution lies in its present till now because of conceptual framework quality as well as utility. The reason to develop agreed framework lies in that it helps in providing essential principles that support in enhancing the standard related to accounting. (Barth et al., 2015). Even after the presence of its limitations, such as generalization problem and inadequacy in particular circumstances, the advantage of the framework such as standards set to enhance comparison and consistency along with universally accepted framework to govern financial reports results in outweighing shortcomings.