Finance Management Function

Finance  Management Function

This model records classification structure addresses the Finance Management function, the steps in the business process developed to fulfill the function (i.e., sub-functions), the activities associated with each of these sub-functions, and the transactions of administrative business concerning the management of finances within the federal government—as commonly conducted in and across all government institutions to facilitate the delivery of programmes and services.

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The four sub-functions of the Finance Management business process, listed in order of a lifecycle concept of managing finances, are:

• Planning 
• Budgeting 
• Management and Control 
• Performance Measurement

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