Financial Accounting and Taxation Course in Mumbai.  Tax accounting is a set of accounting processes primarily concerned with taxes rather than the presentation of public financial statements. The Internal Revenue Code governs tax accounting, specifying the specific procedures businesses and individuals must follow while completing their Tax returns. Tax accounting is a method of accounting that is used for tax purposes. It is applicable to all persons, businesses, corporations, and other entities. Even people not required to pay taxes must participate in tax accounting. The goal of tax accounting is to track monies (both coming in and leaving out) associated with individuals and corporations. Get certification in Financial Accounting and Taxation Course from The Cyber Area.