The Financial Management Functions & 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 (e.g., Payable Management) and 54 activities (e.g., Payment Disbursement).
This list can be helpful when:
- Going though an acquisition with a software vendor as an authoritative reference for the scope of the financial management capabilities.
- Determining the scope of the financial management activities performed by an agency that can then be linked to requirements and use cases for further evaluation.
- Onboarding new staff as a general awareness of financial management activities.
Click on the Functions below to view the Activities related to that Function.
This page was last updated on June 17, 2021.