Category: Machinery & Technical Specialties
Continuing Education: 27
Please see the "Upcoming Classes" tab for class offerings and registration information.
This course provides a comprehensive review of the
concepts studied in MTS201, MTS202 and MTS203. It reviews the application of
appraisal techniques in valuing an integrated facility (steel mill) and
considers various professional standards including USPAP, IVS and Ethics and
their relationship to report writing. It also discusses how to develop and write
a professional appraisal report. This course takes an in-depth look at the
skills needed to address issues of obsolescence (physical, functional and
economic), and finally, the course will provide students with the tools for
analyzing the following items and ways
to apply these appraisal concepts in their day-to-day practice:
In addition to lectures and materials, the course
will also provide opportunities for students to review, discuss and analyze
advanced level case studies.
attorneys, auctioneers, bankers, engineers, leasing company staff, farm
managers, forensic consultants, shop staff and the appraisal community at large
who are involved in the valuation of machinery and equipment.
*No CE credits will be awarded for
the audio versions of this course. Accredited MTS Members who took the MTS 201-204 courses for
accreditation purposes may not retake the courses for
reaccreditation credits. Those who have not previously completed these courses
must successfully pass the exam to receive ASA reaccreditation credit.
MTS203 - Advanced Topics and Case Studies
Day 1—MorningIntroductionsReview of syllabus and
words of adviceOverview of ME201, ME202, and ME203Review of financial
administrationReview of exponential pricing techniquesReview of present
value theoryEconomic obsolescence
Day 1—AfternoonInutility calculationReview of income
approachDiscussion of discounted cash flowsDiscussion of discount
ratesSteel plant videos to introduce facility and complexity
Day 2—Full DayCase study—steel millThis case study
uses the three generally recognized approaches to value.
Day 3—MorningStudy of leasingResidual
forecastingFair rental value calculation
Day 3—AfternoonReport writing, USPAP, code of
ethicsGeneral review of ME201, ME202, ME203, and ME204
Upon completion of this course,
students will be able to: