ACC205 Management Accounting 1 This subject provides students with an understanding of the basic building blocks of management accounting before introducing them to the ways in which modern management accountants can add value to organisations. It provides an overview of the commercial environment and covers entities from across the manufacturing, retail, service, government and not-for-profit sectors. This subject demonstrates how a management accounting information system can assist managers in decision making, planning and control. Both traditional and contemporary approaches to cost and management accounting are covered.