Which activity is NOT a part of financial management?

Financial management encompasses various activities aimed at effectively managing an organization's financial resources. Budgeting involves planning for future financial needs and allocating resources accordingly, while accounting tracks and processes financial information, ensuring that the organization maintains accurate records of its income and expenditures. Charging relates to the methods used to bill customers for services or products, part of the financial transactions facilitated by the organization.

On the other hand, marketing focuses on promoting and selling products or services and does not directly involve the management of financial resources. It encompasses activities such as market research, advertising, and sales strategy, which are essential for driving revenue but fall outside the realm of financial management itself. Given this context, identifying marketing as the activity that is not part of financial management is accurate, as it does not relate to budgeting, accounting, or charging mechanisms that govern an organization's financial practices.