ESTIMATING VALUE WHEN BALANCING REAL ESTATE OF AGRICULTURAL ENTERPRISES IN THE REPUBLIC OF SERBIA

The first aim of this paper is to analyze the possibilities that an appropriately created and positioned function of financial estate management opens up for an agricultural enterprise and its significance for optimal balancing of estate in a company's total assets. Since estates often represent a significant position in the assets, it is necessary to repeatedly reassess the value of the agricultural company's estates by using an appropriate methodology, and that task is often assigned to an audit. If the values of particular positions of estate determined in the process of reevaluation differ significantly from the positions in the balance of assets, it is necessary to carry out corrections in financial reports. Depending on the degree of correction, an assessment is carried out and a contribution to the quality of financial reports is made. The importance of this paper stems from the fact that it presents a methodology of an agricultural company's estate value reassessment and gives a model of how, based on determined differences, one can assess quality of financial statements in the area of estate balance policies.