ME201-ACS - Introduction to Machinery and Equipment Valuation (Aviation Specific)

Registration

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Course Description

This course is the first of four Principles of Valuation (POV) courses that make up ASA's Aircraft 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 is designed to introduce students to proper aircraft appraisal terminology, methods and concepts. The course provides a solid foundation for the remaining three POV courses and will assist each student by broadening their skill set to include an expertise/specialty in the appraisal of aircrafts and equipment, as well as further enhance their career path and professional potential.

Additional course topics include:

• Machinery and equipment 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.

Instructional Methods

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

• Discuss current, historic and possible future impacts to aircraft values; and
• Learn from industry subject matter experts from companies such as Boeing, Airbus, GE Pratt, Aircraft Post, Jetnet, Bluebook who will serve as special guest speakers.

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

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

• Identify the three approaches to value;
• Discuss various uses of an aircraft appraisal;
• Communicate the requirements of an appraisal (either as an appraiser or someone needing an appraisal); and
• Assess the scope of work and qualifications needed to perform an appraisal assignment.