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New Opportunity for Going Concern Appraisers

by User Not Found | Feb 04, 2014

The American Society of Appraisers is pleased to announce the release of a new educational course titled “Allocating Components in Going Concern Appraisals”, developed in response to new requirements impacting SBA-backed business loans and recent moves by financial institutions, both of which are providing new opportunities for ASA-designated appraisers who specialize in Going Concern valuations.

As of January 1, 2014 the Small Business Administration (SBA) began adherence to updated Standard Operating Procedures (SOPs) (1) dealing with all aspects of SBA-backed business loans. Reflected in these SOPs are changes to who is considered a “qualified source” to perform Going Concern valuations in support of these loans. The new SOPs require appraisers to hold one of several generally recognized professional appraisal designations – including the Accredited Senior Appraiser offered by ASA – to be considered a “qualified source”.

ASA’s new three-day course will provide ASA-designated real property appraisers and other certified general appraisers a thorough, hands-on learning experience covering the knowledge and understanding to properly allocate/segregate the components and report their effect on value as required by the Uniform Standards of Professional Appraisal Practice (USPAP). Instruction will be provided by highly experienced, ASA-designated appraisers who specialize in real property and business valuation. The course has been approved for 27 hours of continuing education credits. For the latest state approvals, check here.

Allocating Components in Going Concern Appraisals will be held at various dates throughout the year. For upcoming classes, check here.

Grants for students to pay for tuition may be available from ASA’s Education foundation—for details, visit www.appraisers.org/About/educational-foundation.

Demand for the course is anticipated. Students are encouraged to register now to due to limited space and to take advantage of early registration discounts.

To register or for more information visit www.appraisers.org or call (800) 272-8258.

(1) Small Business Administration. (2014). SOP 50 10 5(F) Subpart B, 171. Retrieved from http://www.sba.gov/sites/default/files/Clean%20FINAL%20SOP%2050%2010%205%20(F).pdf