Let us take a simple example to differentiate authentication code vs access token.
You as a user want to try a new Facebook app called Highjack.
So you click on the application and the Highjack app asks you to log into your Facebook account. When you are done, Facebook generates an authentication code for you.
This code is then passed to the Highjack server which uses its own FB client id, FB secret and your authentication code to get an access token.
In the above example the authentication code is confirming you as a user is a valid FB user. But the second steps says “you as a FB user is giving access to the Highjack app for certain resources”.
If the Highjack app wanted implicit grant (i.e direct access token), then the access token would be visible to you also since it is being exchanged with the browser. This means you can now call all Facebook APIs on behalf of Highjack using the access token. (You can only use the access token to get your personal information but Facebook has no way of knowing who is calling their APIs.)
Since we have 2 parties (You and Highjack) authenticating with Facebook we have this 2 fold mechanism.