ME201-OOO - Introduction to Machinery and Equipment Valuation
Category: Machinery & Technical Specialties
Continuing Education: 28.8
Registration
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Course Description
This course will introduce appraisal terminology and
concepts and provide students with a solid foundation for a career in appraisal
of machinery and equipment. This course covers MTS appraisal terminology;
functions and purposes of appraisals; introduction of the three approaches
to value; depreciation and factors affecting depreciation; field inspection
techniques and safety; introduction to the issues of indexes in machinery
and equipment appraising; basic pricing exercises for current and obsolete
assets; and ethics and professional standards.
*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.
No prerequisites for this course.
Agenda
Day 1—Morning
Introductions
Introduction to
appraising
Valuation process
Appraisal definitions
Purposes and uses of
appraisals
Day 1—Afternoon
Miscellaneous accounting
and valuation definitions
Preparing for an appraisal
Classification of
machinery
Day 2—Morning
Review homework
assignment
Identification of machinery and equipment
Approaches to
value
Pricing, including problems
Day 2—Afternoon
Pricing, including problems
(continued)
Depreciation
Day 3—Morning
Review homework assignment
Depreciation
and problems (continued)
Indexes and problems
Day 3—Afternoon
Ethics and reporting
Field
safety
Course review
Day 4—Examination
Learning Outcomes
Upon completion of this course, students will be able to:
- Identify the three approaches to value;
- Communicate the requirements of an appraisal (either as an appraiser or
someone needing an appraisal);
- Assess the scope of work and qualifications needed to
perform an appraisal assignment;
- Understand the concepts within ASA's Code of Ethics;
- Communicate basic appraisal theory;
- Discuss global standards and why we need them (USPAP,
IVS, CAS and others); and
- Understand the principals of indexing.