Up until now accounting standards regarding financial instruments were changed several times. The latest change was the issuance of the IFRS 9 Financial instruments published for the purpose of simplifying the rules in its predecessor IAS 39 Financial instruments: recognition and measurement. From the above mentioned changes of accounting regulatory regime for financial instruments we may conclude that accounting bodies, so far, have not found the adequate approach and treatment for the financial instruments. They considered that fair value would be a revolutionary measure for the financial instruments and that this measure would provide more relevant, transparent and comparable information. But the standard setters did not predict that this measurement attribute might have an effect on earnings power and financial position of a company. In this paper we observe critiqually the main differences between IFRS 9 and IAS 39 regarding the recognition and measurement of financial instruments and with an emphasis on of some problems of early adoption of IFRS 9 by companies.

The paper analyzes the trends in the development of industrial crop production in the case of sugar beet and sunflower in Serbia from 1976 to 2013. Grouping of regions (4 regions without Autonomous Province of Kosovo and Metohija) and districts (25 districts) in Serbia in 2013, according to the characteristics of land capacity, production of sugar beet and sunflower and level of development, was carried out by cluster analysis. Based on the median value of the important characteristics of available land capacity, production volume and economic development in municipalities, I-distance method were ranked districts in Serbia from 1 to 25. Similarities between the sugar beet and sunflower production regions in Serbia were determined by the method of complete-linkage clustering, and the results were presented in the dendrogram. According to data for 2013 it was found that 99.8% of sugar beet production and 93.9% of sunflower production in Serbia comes from the Vojvodina region. The average yields per hectare for analyzed crops in the areas of the Vojvodina region, on average, were by up to 10% higher compared to the yields in Serbia. According to the characteristics of land capacity and production, areas of the Vojvodina region belong to the highest rank 1-7, while according to the characteristics of the development level, these areas belong to rank 2-13.

This paper examines banking industry practice in the area of circular economy reporting with the specific emphasis on waste management reporting in this sector. Paper answers the basic question - is financial service sector exempt from the circular economy reporting requirements having low material usage and resource consumption? Manuscript indicates that in Serbia waste management reporting in banks is in the early stage. Most of the waste management indicators in banks are included as integral part of sustainability reports or as part of management report. Paper indicates that less than half of the bank population in Serbia prepares standard report required by the Environmental Protection Agency. Having in mind these results, banks managers and state officials should take into consideration the fact that most of the banks do not report on flow of waste and most of these indicators are not regularly published on website implying that stakeholders and investors are not adequately informed on the inclusion of banks into circular economy environment. Lagging behind waste management requirements could be potentially hazardous having in mind the fact that Serbia strives towards European Union membership where the legislation and practical alignment with the EU regulation is inevitable process.

After transitional debacles and failures, structural degradation and recession, reindustrialization is imposed as a crucial stage in the economic development of Serbia. The production-market potentials of the agro-complex (as a complex economic subsystem of pre-farm, farm and post-farm activities) and its place in the national economy open the significant possibilities of the revitalization of the industries of agrarian inputs (agricultural machines and equipment, mineral fertilizers and pesticides). Considering the structural significance of the pre-farm agrarian sector in the Serbian economy, this paper analyzes the fundamental features of production and the foreign-trade exchange, especially the dynamics and changes in the volume and structure of production and the import of agrarian inputs. On that basis, through a target comparative analysis of multi-year data series (1986-2011), the paper explores the trends of production and employment, identifies transitional distortions and the growing import dependence of the Serbian economy and the agro-complex in particular, considers the agrarian potentials in a possible reindustrialization primarily via the revitalization of the industry of agrarian inputs, and highlights a special phenomenon of the opportunity costs of the Serbian agrarian development.

In the paper analyzes the trends in the development of market production of fruit (on the example of the apple and the plum) and grapes in Serbia from 1976 to 2015. The grouping of the Serbian districts according to the degree of the market production of fruit and grapes in 2015 was performed by a cluster analysis, on the basis of the six features of production, five features of the capacities, and five features of development. According to the data for 2015, the degree of the marketability of apples in Serbia was 47.7%, plums 15.9%, and grapes 18.3%. The Serbia-North Region shows a surplus in the production of apples, and a deficit in the production of plums (-181.7%) and grapes (-99.1%). The Serbia-South Region has a surplus in the production of the analyzed kinds of fruit (the apple accounting for 43.0%, and the plum 50.9%) and grapes (45.2%).

The use of RESs reduces the emission of gases and hazardous materials into the atmosphere, which has an impact on the improvement of the quality of the environment. The use of biomass, especially that from municipal waste and agriculture, reduces the need for importing energy sources. Energy production from RES is a fast-growing economy branch employing a significant workforce. Of 5.6 Mtoe of the total annual usable technical potential of the RES in Serbia, 1.96 Mtoe (i.e. 35%) is used up, whereas only 1.1 Mtoe (i.e. 32%) is used up of 3.4 Mtoe of the total biomass. The paper is aimed at indicating the significance of the production of renewable energy from biomass, the available quantities, the structure and the advantages of using it in the future development of the energy sector. Some states, Serbia included, have prescribed stimuli to green energy kW delivered to power distribution enterprises.