ME204-OOO - Machinery and Equipment Valuation - Advanced Topics and Report Writing
Category: Machinery & Technical Specialties
Continuing Education: 28.8
Registration
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Course
Description
This course provides a comprehensive review of the
concepts studied in ME201, ME202 and ME203. 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:
- Inutility;
- Complex Leasing Structures;
- Residual Forecasting;
- Fair Rental Calculations (for Leasing); and
- Valuing facilities using all three approaches to
value.
Instructional
Methods
In addition to lectures and materials, the course
will also provide opportunities for students to review, discuss and analyze
advanced level case studies.
Course Audience
Appraisers, accountants,
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.
Agenda
Day 1—Morning
Introductions
Review of syllabus and
words of advice
Overview of ME201, ME202, and ME203
Review of financial
administration
Review of exponential pricing techniques
Review of present
value theory
Economic obsolescence
Day 1—Afternoon
Inutility calculation
Review of income
approach
Discussion of discounted cash flows
Discussion of discount
rates
Steel plant videos to introduce facility and complexity
Day 2—Full Day
Case study—steel mill
This case study
uses the three generally recognized approaches to value.
Day 3—Morning
Study of leasing
Residual
forecasting
Fair rental value calculation
Day 3—Afternoon
Report writing, USPAP, code of
ethics
General review of ME201, ME202, ME203, and ME204
Day 4—Examination
Learning Outcomes
Upon completion of this course,
students will be able to:
- Explain and apply the three approaches to value;
- Apply appraisal techniques for leasing, residual forecasting and fair
rental calculations;
- Develop and Report a Professional Appraisal Report; and
- Understanding of the role of Standards in the Appraisal
process.