FFM Functions & Activities

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). 

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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.