It stands for conceptual framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used by a standards-setter as a guidance and reference point for developing accounting standards on a consistent basis. A framework helps to ensure that the standards are conceptually compatible and do not raise any contradictions as to treatment, presentation, disclosures, etc. The framework can also guarantee that alike transactions are accounted for in a similar manner.

It may also stand for cash flow or carry forward (or carried forward).