This work suggests the existence of a number of advantages for companies that have opted for the application of International Accounting Standards. Their application allows fair reporting, which is extremely important for countries in transition, as well as for those countries that have not applied IAS. The authors carried a study related to full application of IAS 16 to 114 companies, of which 10 are public and 104 other companies are from the wider area of Novi Sad, in the period 2010–2015. In addition, the study of the case of public companies is done in order to demonstrate the situation before and after the valuation of assets and equipment as at 30 June 2012. The state after 3 years is fairly shown on 30 June 2015, all in order to make valid conclusions regarding fair reporting of the public enterprises. It can be concluded that the application of IAS 16 has multiple benefits by companies that fully apply fair reporting in its operations.

In the countries in transition, like the Republic of Serbia, system innovations are being introduced, such as the implementation of internal controls in enterprises. The authors of the paper formulated a research question which is if the introduction of internal controls could have an impact on the improvement of governance in public utility enterprises founded by the units of local self government. The main goal of the research was to identify possible improvement in corporate operations measured by an increase in revenues made by public utility enterprises following the implementation of internal controls. In addition to that, the secondary goal of the authors was to determine differences in operating efficiency between public utility enterprises and the so called other enterprises that put in place internal controls in their current operations. Further on, the authors of this paper wanted to find out which type of internal controls in place in public utility enterprises and other enterprises enabled best performance. The usefulness of the study is visible in the presented results of the research. Specifically, they indicate significant differences between public utility enterprises and other enterprises, both in terms of implementation of internal controls and in their performance, which was proven in 2018. In addition to that, performance of public utility enterprises founded by local self-government units is found to be better than that of the so called other enterprises after the introduction of internal controls.

This study examined the influence of agroecological conditions on the ontogenesis and production yield traits of black oat (Avena strigosa Schreb.). Understanding the agronomic and phenological properties related to productive properties of black oats can enable more successful introduction into new areas of oat cultivation. Field microexperiments were performed during the three consecutive years (2017–2019) on the two localities in South Banat, in Serbia, which differed in soil type: carbonate chernozem and humogley, respectively. The results showed that all investigated traits of oat in the chernozem soil type were higher when compared with measured traits obtained from the humogley soil type. The average value of yields of aboveground biomass, yield and protein content were significantly higher in relation to the humogley, by 13%, 17% and 11%, respectively for all three seasons. Observed by years, all productivity parameters differed significantly, which confirmed that the productivity of the cultivated plants was strongly influenced by different agroecological, soil and climatic conditions in Pannonian environments. The aboveground biomass and grain yield obtained from the humogley soil type indicate that this species can be successfully grown and utilized in production as a cover or fodder crop even in less favorable soil conditions.

More demanding management requires management to foster the application of different mechanisms. One of the upcoming ways of improving management is the use of the fair value of property and equipment in the business books of the company. The authors of this study emphasize the importance of fair valuation of agricultural equipment, processing surveyed 382 legal entities of the Republic of Serbia, in the case of widespread tractor IMT 533 agricultural holdings in 207 and 175 joint-stock companies. To show the real application of fair value, the research period lasted from 2015 to 2018. We came to the basic conclusion that there is a statistically significant relationship between organizations, enterprises and the age of the tractor to the application of the fair value of the tractor in the business books of the company. There is also a conclusion that fair financial reporting brings about benefits to agricultural entities of other legal forms.

The importance of making a rational business decision by top management in agricultural enterprises should be viewed as an ongoing process. The process of rational business decision-making is of special importance for the business of companies that carry out most of their business in activities that do not have a high degree of capital turnover, i.e. in activities that depend on the great influence of natural factors on production such as agriculture. The authors point out that the process of making a rational business decision begins with making a valid management decision by top management. The implementation of a valid business decision in all parts of the company is of great importance to be implemented immediately because any delay in its implementation costs the company. The IT sector of the company can help speed up the implementation of the business decision of the top management, because it has the technical conditions to immediately include innovative business decisions in the business system in all sectors in the agricultural company. As a special support for the implementation of business decision-making is the previous adoption of a valid organizational scheme in the company.

This study shows the importance of introducing control over the work of internal auditors in public enterprises. The aim of the study is to indicate possible benefits in the operations of public enterprises following the control conducted over the work of internal audit by public finance bodies. To reach their aim, the authors conducted a research and determined the existence of differences in the efficiency of operations in public utility enterprises with internal audit in place before and after the control conducted by public finance bodies. The obtained results show there is a strong impact of the control performed by the public finance bodies set up to supervise the work of internal auditors in public enterprises on the operating results expressed as total revenues of public enterprises.