Personal Finance Explained: What is corporate finance and what is its role in a business? Updated : July 30, 2019 02:15 PM IST Capital budgeting helps the department identify capital expenditures and future cash flow estimates from proposed projects. The department is also responsible to raise funds through debt or equity or both. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.