What processes represent the scope of financial management for IT services?

'Costing' is not a recognized sub-process in ITIL Financial Management - the correct term is 'IT Accounting', which is the process of tracking and allocating IT costs.

ITIL defines the scope of Financial Management for IT Services as Budgeting (planning and controlling income and expenditure), IT Accounting (tracking how the IT organization spends money), and Charging (recovering costs from customers for services delivered). These three together form the complete financial management scope as defined in the ITIL Service Strategy publication.

Cost models and invoicing are outputs or tools within financial management, not the defined processes that constitute its scope.

'Billing' is not an ITIL Financial Management sub-process - the correct term is 'Charging', and this option also omits 'Budgeting', which is a required component.