ME202-ACS - Machinery and Equipment Valuation Methodology (Aviation Specific)

Registration

Please see the "Upcoming Classes" tab for class offerings and registration information.

Course Description

This course is the second of four Principles of Valuation (POV) courses within ASA's Aviation Valuation Program which provides the required baseline education on aircraft specific appraisals as part of the Accredited Member (AM) or Accredited Senior Appraiser (ASA) designation.  This course will build upon the fundamental principles of appraisal terminology, methods and concepts discussed in ME201-ACS. Students will be introduced to basic aircraft terms, aviation concepts, and application and aircraft logbooks and other records.  ME202-ACS will assist students in broadening their skill set and enhancing their career path and professional standing in aircraft valuation, banking and finance, and related fields. 

Instructional Methods

In addition to lectures and materials, this course will provide opportunities for participants to:

• Read and discuss MTS journal articles that highlight current developments in the aircraft appraising profession;
• Discuss current, historic and potential future impact to aircraft values;
• Learn from expert guest lecturers from the aviation industry on important topics relevant for aircraft valuers; and
• Gain hands on experience with aircraft assets.

Required Reading

ASA’s Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and Technical Assets 4th Ed is the authoritative textbook on the theory and methodology of appraising machinery, equipment, and technical assets. The 2020 edition includes revised and updated chapters on topics like the sales comparison approach, appraisal report writing, and valuations for financial reporting, completely rewritten chapters on topics like aircraft appraisals, and a new chapter on ad valorem tax appraisals. It also includes updated appendices with appraisal research sources, an enhanced index, and a wholly rewritten and improved glossary.

Students must also have access to a financial calculator and be familiar with excel.

Valuing Machinery and Equipment: PDF ONLY
Valuing Machinery and Equipment: Printed Book and PDF

Agenda

Coming Soon!

Upon completion of this course, students will be able to:

• Understand the functions and purposes of appraisals;
• Assess the three approaches to Value and Depreciation;
• Discuss the Sales Comparison Approach or Market Approach to Value;
• Understand the Income Approach and Discounted Cash Flow Analysis (DCF);
• Identify the introduction to statistical concepts and forecasting techniques;
• Define aircraft terms, aviation concepts and application and aircraft logbooks and other records;
• Assess field inspection techniques and safety;
• Aviation databases used by aircraft appraisers; and
• Understand ethics and professional standards.