Course Title: Corporate Finance & Budgeting 

Course Code: AC 218 

Credit Value: 3 Credits

Contact Hours: 

Lectures: 2 hours/week 

Practical / Labs: 2 hours/week

Duration: 15 Weeks (One Semester) 

Prerequisite: Principles of Accounting II; Business Mathematics

1. COURSE DESCRIPTION

This course introduces students to corporate financial management and budgeting techniques. It focuses on planning, controlling, and evaluating financial resources in organisations. Students learn how to prepare budgets, perform variance analysis, and apply financial decision-making tools to support organisational objectives.

Emphasis is placed on linking financial theory with practical decision-making, equipping students to participate in the financial planning and management processes of small and medium enterprises as well as corporate entities.

2. COURSE OBJECTIVES

By the end of this course, students should be able to:

• Understand the principles of corporate finance and capital management.

• Prepare and manage operational, cash, and capital budgets.

• Apply financial analysis techniques to support decision-making.

• Analyse variance between planned and actual results.

• Make informed financial recommendations to optimise resource allocation.

• Integrate budgeting with strategic business planning.

3. LEARNING OUTCOMES

Upon successful completion, students will be able to:

• Explain key corporate finance concepts: capital structure, cost of capital, and working capital management.

• Prepare comprehensive budgets for various organisational functions.

• Analyse budgetary performance using variance analysis.

• Evaluate financing options for business operations and investments.

• Apply financial models to support managerial decision-making.

• Demonstrate an understanding of financial governance and internal control in budgeting.