AC206 is a half-unit course that builds on the foundation laid by the first-year management accounting courses and intended to provide students with the conceptual knowledge and technical skills necessary for final-year courses in management accounting.

The course explores theoretical concepts, practices, designs and wider issues of cost and management accounting. The characteristics and use of various systems and models, such as cost-driver analysis and activity-based costing, in organisational decision-making at both operating and strategic levels will be introduced and critically evaluated. The course also considers ways in which non-financial information can be used to complement financial accounting information in order to enable a more holistic approach aimed at providing relevant and useful information to management for the purposes of planning, decision-making, and organisational control.