ME202-ACS - Machinery and Equipment Valuation Methodology (Aviation Specific)
Category: Machinery & Technical Specialties
Continuing Education: 28.8
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.
Valuing
Machinery and Equipment: PDF ONLY
Valuing
Machinery and Equipment: Printed Book and PDF
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.