The primary focus of the course is upon issues of timing. Earlier courses have concerned themselves with the question of what constitutes taxable income. Tax Accounting Systems moves the analysis to issues that are concerned with when. When should income be brought to account? When are deductions to be taken? In other words, the emphasis shifts to the basic question of how we achieve a fair reflex of the gain for a particular period. This course is intended to provide a practical analysis of the area of tax accounting in its broadest sense, and therefore also covers trading stock, depreciation and the Simplified Tax System.