Monday, October 8
|8:00am - 9:30am ||Joint Conference Opening Remarks and Keynote Address: America's Economic Future |
Where is the United States heading economically? What are the prospects for job growth, inflation and debt reduction in coming years? Are we losing our competitive edge in manufacturing? Is globalization good or bad for the United States? Are there any bright spots in the U.S.? Barry is a passionate free market economist who believes the best is yet to come for the U.S. and the world.
Barry Asmus, PhD, Senior Economist, National Center for Public Analysis
KC Conrad, ASA, CBA, CMEA, ABA, Principal, American Business Appraisers, LLC
Linda Trugman, ASA, CPA/ABV, CBA, Vice President, Trugman Valuation Associates, INC
Daniel Van Vleet, ASA, Managing Director, Stout Risius Ross
|9:30am – 10:30am ||Joint Multi-Discipline General Session: Raising the Bar for the Valuation Profession |
The Valuation profession's challenge in today's post crisis environment is to bring greater consistency, quality and transparency to those who rely on our work. Investors, regulators and auditors require more extensive input from independent valuers than ever before. This session will provide an update on recent engagement with regulators and accounting standards setters. Efforts within the U.S. and globally to strengthen quality and credibility within the profession will also be discussed.
Steve Sherman, Partner, Economic and Valuation Services Practice, KPMG, LLP, Chair, IVSC Standards Board
Anthony Aaron, Principal, Valuation and Business Modeling Practice, Ernst & Young, LLP
|11:00am - 12:00pm ||Measuring Obsolescence in Fixed Assets |
As we continue to experience a slow economic recovery, there remains the need to measure obsolescence in fixed assets for financial reporting purposes. Financial reporting standards provide their own set of guidelines as they relate to measuring fair value and the appropriate methods to measure obsolescence. This session will provide an overview of how to quantify obsolescence in fixed assets in the context of these financial reporting standards.
Christina Chojacki, ASA, Director, PwC
Leslie Vitale, ASA, Manager, PwC
|12:00pm - 1:30pm ||Joint Conference Luncheon and Awards Presentation |
|1:45pm - 2:45pm ||Audit Reviews |
This session will discuss the accounting regulations that lead to questions about appraisal reports. The presenters will outline some of the issues and misconceptions surrounding audit reviews associated with appraisals performed for financial reporting purposes. They will also provide their opinions about best practices to follow in preparing and submitting appraisals for financial reporting purposes. The presentation will be followed by a Q & A session.
Mike Crismyre, ASA, Senior Manager, KPMG, LLP
Nicole Stango, ASA, Senior Manager, Tax, KPMG LLP
|3:00pm - 5:00pm ||Impairment |
This session will discuss the impact of value on capital assets as a result of impairments and the adjustments and results of asset impairments to the asset ledger and company worth.
Robert Stall, President, Medina General Hospital
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Tuesday, October 9
|9:00am - 11:30am ||Palo Verde Nuclear Generating Station, the Energy Cornerstone of the Southwest |
Join your colleagues in the Machinery and Technical Specialties Discipline and the Real Property Discipline for an informative presentation on nuclear power plants. A special follow-up discussion will occur in the afternoon.
Charles Emmett, Communications Consultant, Palo Verde Communications - PVNGS
|11:30am - 12:15pm ||Lunch on Own |
|12:15pm - 3:15pm ||Power Plant Valuation: A Challenge for the 21st Century |
This presentation will first familiarize you with the operations side of a nuclear power plant. Next, you will be provided with an industry wide trending overview of power plants, past, present and future. Finally, you will be provided with the framework and methods used to analyze the market for these properties, and valuation issues now involving power plant appraisals.
Lawrence Golicz, PhD, MAI, Independent Valuation Consultant and Appraiser
Peter Huck, PE, ASA, MBA, Director and Assistant Vice President, American Appraisal Associates, INC
Derek Edmunds, Training Manager, Western Technical Services, INC
|3:15pm - 5:15pm ||Joint Multi-Discipline General Session: Healthcare Valuation |
Robert James Cimasi, ASA, MHA, MCBA, AVA, CM&AA, President, Health Capital Consultants
Ernest A. Demba, FASA, FRICS, PE, MS, MBA, Managing Member, Demba Valuation Services, LLC
Edward Detwiler, ASA, President, Edward G. Detwiler and Associates, LTD
Sandra J. Tropper, ASA, Managing Director, Artemis, Inc.
Charles Wilhoite, ASA, Managing Director, Willamette Management Associates
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Wednesday, October 10
|8:00am - 9:00am ||Generation: Where is the Value? |
This session will cover the key risk factors in future recovery/pricing in U.S. environmental rules, demand projections, commodity prices, nuclear fallout and renewable conclusions.
Todd Filsinger, ASA, Managing Director, Filsinger Energy Partners
|9:00am - 10:00am ||Pipeline Appraisals |
Appraisal assignments for pipeline easements are classified in two categories: (1) new or proposed easements; and (2) existing pipeline easements. In addition, pipeline easements are typically found in conforming size lots that are vacant or improved, or as part of an existing transportation corridor. This session will review the scope of this type of appraisal assignment:
• Identify the larger parcel
• Identify taking area
• Review proposed pipeline easement agreement
• Identify the proposed impact of vertical division of rights
• Apply the appropriate approaches to value
• Search for comparables
• Make appropriate adjustments
• Arrive at final value opinion
Gary Valentine, ASA, MAI, SR/WA, CCIM, President and Owner, Valentine Appraisal & Associates
|10:30am - 11:30am || |
Environmental Impacts on Asset Values
This session will:
• Review of different environmental hazards and regulatory regulations
that impact asset value.
• Advantage of “certifications” for an industry, ISO9000, 14000 etc.
• Impact and movement of “Green Standards” impacting value.
• Environmental impact on assets. Closure requirements i.e. Phase I.
Adel Assaf, CHI, CSP, President, Guardian Consulting Company, INC
|11:30am - 12:00pm ||Asset Recovery: A Key Component in Any Business Plan |
The salvage value, as a residual value, is calculated by using the normal useful life of the equipment and subtracting the expected effective age in years based on industry mortality rate standards for that type of equipment. The estimated percentage of salvage value is then applied to the original cost of the equipment. It is important to know if the equipment was new or used when placed into service by its current owner, and what the owner is defining as normal useful life of the equipment. If not, values may be way off when considering residual salvage value.
Jim Johnson, President, New Era Consulting Services, LLC
|1:00pm - 5:00pm ||Post-Conference Tour of MD Helicopters |
Arrangements have been made with MD Helicopters of nearby Mesa, Arizona, to provide a tour of their headquarters and production facility on Falcon Field. The tour will visit several engineering and design offices and will feature the main plant where the “latest and greatest” MD helicopters are assembled and outfitted for their many civilian/commercial, public service and military roles. Space for this tour is VERY limited, only 20 slots available and limited to Machinery and Technical Specialties Discipline registrants. Reservations will be made on a first-come, first-served basis with a wait list maintained should there be a cancellation. There is no additional cost for this tour. Please note: Due to MD Helicopter’s status as a U.S. military contractor, foreign visitors will need to provide name, company and country in advance of the tour and must bring a valid passport for identification. All visitors will be checked in and must wear a visitor’s badge throughout the tour.