The FM QSMO released its annual update to the Financial Management Capability Framework (FMCF). The FY 2025 FMCF update aligns with approved changes to Federal Financial Management (FFM) standards and includes other changes to financial management processes and data that impact core financial systems.

Highlights of the FY 2025 FMCF update include:  

• Implemented Accounting Classification Structure for the Governmentwide Spending Data Model (GSDM) and OMB A-11

• Improved level of detail for Core FS Pre-Built Business Information Exchanges

• Modernized FFM Business Use Cases for receivables

• Increased alignment with current and emerging FM Authoritative and Other References

• Enhanced document formatting, FIBF alignment and change tracking

Summary release notes are available on the FMCF web page and each component also includes detailed changes specific to each document.