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Financial Management Functions and Activities List

Page | 1 Last Updated: May 2020 Financial Management Functions and Activities List February 2021 Page | 2 Last Updated: May 2020 FM Functions and Activities List Purpose The Financial Management Functions and Activities List defines the service areas, Functions , and Activities that an agency performs to support its mission. Federal Financial Management (FFM) one of 13 service areas defines the standard Functions and Activities agencies can perform. The Financial Management service area has 11 Functions ( , Payable Management ) and 54 Activities ( , Payment Disbursement). This list can be helpful when: Going through an acquisition with a software vendor as an authoritative reference for the scope of Financial Management capabilities. Determining the scope of the Financial Management Activities performed by an agency that can then be linked to requirements and uses cases for further evaluation.

The Financial Management Functions and Activities List defines the service areas, functions, and activities that an agency performs to support its mission. Federal Financial Management (FFM) – one of ... Execute administrative control of funds restricting

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