what does it mean to make a profit Edwards and bell's point of view 5. Accounting earnings depend on the reasonable proportion of income and expenses during the period. Costs that are not associated with the current period should be incurred as assets to be transferred for later periods. marque "Task list including trade agreement with the European Union, and about 60 countries negotiate a new agreement, by replacing Britain's current political party, joining the European Union to strengthen the human and the customs and other services IT resources, and translate thousands of eu law into domestic laws and regulations. " Julie Palmer, a retail expert at Begbies Traynor, said retailers faced a particularly disappointing deal in the weeks following the apparent success of "black Friday" at the end of November. 5. Purpose. The goals set by any organization or individual are to facilitate the realization of the organization's overall objectives and the realization of certain period goals.