ME203-ACS - Advanced Topics in Aircraft Appraisals I

Registration

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

Course Information

This course is the third 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 builds on the fundamental principles of appraisal terminology, methods and concepts, and basic aircraft terms, aviation concepts and applications discussed in the prior two courses. The course also introduces participants to various aviation specialties including UAS, helicopters, flight simulators and aviation engines. ME203-ACS will expose participants to a broad spectrum of the aviation world to enhance their career path and professional standing in aircraft appraisals, banking and finance and related fields.

Course Audience

The course is intended for aircraft brokers, aviation appraisers, and professionals in aviation banking, financing, and aircraft maintenance industries.

Instructional Methods

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

• Read and discuss MTS journal articles that highlight current developments in the aircraft appraising profession
• Discuss current, historic and possible future impact to values for different sectors of aviation equipment
• Listen to expert guest speakers from the aviation industry on important topics relevant for aircraft appraisers

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

Agenda

Coming Soon!

Learning Outcomes

After completing this course the participants will be able to understand and master:

1. Appraising of unique aircraft assets: warbirds and donative Properties;
2. Appraising inventory of aircraft parts;
3. How aircraft damage affect diminution of value;
4. Appraising commercial aircraft;
5. Advanced topics of aircraft engine appraisals; and
6. Writing and defending aircraft appraisal reports.