A finance and accounting information system primarily aids operational management with which function?

A finance and accounting information system plays a crucial role in operational management by providing essential support in managing accounts receivable. This function involves tracking incoming payments, managing customer invoices, and ensuring timely collections, which are vital for maintaining the organization's cash flow.

Effective management of accounts receivable allows operational managers to monitor outstanding invoices, assess customer credit risks, and streamline collection processes, ultimately contributing to the financial health of the organization. By providing real-time data on receivables, the system assists managers in making informed decisions regarding credit policies and cash management strategies.

While establishing long-term investment goals, profit planning, and budgeting are also important functions within finance and accounting, they primarily pertain to strategic and overall financial planning rather than the operational focus that accounts receivable management embodies. This operational aspect is critical for ensuring an efficient workflow and maintaining liquidity, which is why it is the primary function aided by a finance and accounting information system.