Federal Financial Management Standards
- Functions and Activities
Obligation Management (FFM.030.020)
Record commitments (if applicable);
Record obligations for both procurement and non-procurement purchases;
Includes decommitments/ modifications, liquidating commitments, deobligations/ modifications, and liquidating obligations;
Includes capturing obligation information as required to support the Digital Accountability and Transparency Act of 2014 (DATA Act);
Includes verifying the validity of the undelivered orders balance
- Federal Financial Management System Requirements (FFMSR)
Establishing Payables (FFMSR 2.2.1)
Capture federal government unique recipient information [for example, federal vendor registration attributes, such as Data Universal Numbering System (DUNS) and the type of relationship with the U.S. Federal Government, grant recipient information] consistent with that required to support the payment management and invoice • processing activities defined in 5 CFR 1315, 48 CFR the Federal Acquisitions Regulations System (FARS), and the TFM.
Capture federal government unique payment information (for example, appropriation and fund) to support payment reports consistent with the TFM.
Determine proper payable amount and other payable information consistent with FASAB Handbook, 48 CFR Federal Acquisitions Regulations System (FARS) and as specified in the TFM.
- Use Cases
- Contact Details
Department of the Treasury3201 Pennsy Drive, Building E
Bureau of the Fiscal Service
Chief Disbursing Officer
Landover, MD 20785
This page was last updated on March 19, 2021.