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The qualitative characteristics of financial information in the conceptual framework include relevance, reliability, comparability, and understandability. Relevance ensures that the information is capable of making a difference in decision-making, reliability ensures the information is accurate and faithful to what it represents, comparability allows for meaningful comparisons between different entities, and understandability ensures that users can comprehend the information presented.

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Q: What are the qualitative characteristics in conceptual framework?
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