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According to the FASB'S conceptual framework, the usefulness of providing information in financial statements is subject to the constraint of Consistency. Cost Relevance. Representational faithfulness. According to the FASB's conceptual framework, what does the concept of faithful representation in financial reporting include? Predictive value. Certainty. Perfect accuracy. Neutrality. Under SFAC 8, the ability, through consensus among measurers, to ensure that information represents what it purports to represent is an example of the concept of Relevance. Verifiability. Comparability. Predictive value. Reporting inventory at the lower of cost or market (LCM) is a departure from the accounting principle of. Historical cost Consistency. Conservatism. Full disclosure