Latest Publications

Valuing Customer Related Intangibles Webinar

Valuing Customer Related Intangibles Webinar

Thursday, Sept 23
1:00-3:00pm EDT
$99/member $129/nonmember –
early bird rate ends Sept 8

Register Now

Customer related intangibles (CRIs) are commonly valued during both business combinations and impairment testing for financial reporting purposes. There are many challenging issues, such as:

  • identifying CRIs
  • determining the appropriate valuation methodology
  • how to value CRIs when other assets of equal or greater importance are present
  • how to estimate attrition rates, profit margins and other key inputs   
Join us on Sept. 23 as leading expert, PJ Patel, CFA of Valuation Research Corp., discusses the issues in a case study format. Mr. Patel will also
  • review the use of the multi-period excess earnings method and alternative methods including the cost approach, market approach and variations on the income approach
  • update the status of his work with The Appraisal Foundation’s working group for Best Practices in the Valuation of Customer Related Assets 
You don’t want to miss this!
 
Click here to register NOW, before the Sept 8 early bird deadline! 

MTS Aircraft Bluebook Webinar

MTS Aircraft Bluebook Webinar

Wednesday, Sept 22
11:00-12:30pm EDT
$79/member $99/nonmember

Register Today

For over 50 years, Aircraft Bluebook, the premiere resource for aircraft values, has been providing valuable information designed to give the most accurate, comprehensive and timely assessment of the aircraft market. 

Join us on Sept. 22 as leading expert, Carl Janssens, ASA discusses the following topics regarding the Aircraft Bluebook:
  • History of the Aircraft Bluebook – Price Digest
  • What aircraft are reported in the Bluebook
  • Products that the Aircraft Bluebook offers
  • How to use the Aircraft Bluebook
  • Valuations
You don’t want to miss this - register today!
 
View an example appraisal from the Aircraft Bluebook.

Join ASA in September for our Education Courses

Join ASA in September for our Education Courses

Advancing the Professional…and the Profession

up to 27 CPE Credits

Start or continue your appraisal training with the American Society of Appraisers. ASA is recognized throughout the world for excellence in appraisal education. Our instructors are top-notch, having met superior academic standards and having proven track records and real-world practice. ASA courses are distinguished by their applied, practical approach and relevance to the corporate world. Whether a novice practitioner or a seasoned appraiser, ASA’s training will increase your expertise and your profession.

ASA’s September Course Schedule:

Mining Course (ME214)
Sept 8-11 | Tucson, AZ
The objective of the course is to address the valuation of mining and processing equipment from start to finish. ME214 will prepare you for what to expect, give you a level of confidence when you inspect a mining/milling operation; different types of mines processes. Includes cost, market and income approach. Most important, the course concentrates on market dynamics affecting the supply, demand and swings in the values of equipment. This is an advanced course; students should be familiar with report writing and appraisal techniques.
 
Introduction to Business Valuation Part 1 (BV201)
Sept 23-26 | Bethesda, MD
BV201 will introduce the novice practitioner to the three basic approaches to valuation. The valuation process as outlined in Revenue Ruling 59-60 will be the focus of the course, including instruction on how to do company analysis, industry and economic analysis and financial analysis. A full explanation of the Market Approach will emphasize the application of the subject company’s qualitative and quantitative analysis to the valuation process.
 
Introduction to Business Valuation Part 2 (BV202)
Sept 23-26 | Bethesda, MD
The basic theory and application of the income approach and its various methodologies is presented. Basic capitalization models and discounting models are shown in the context of earning and cash flow measurements, as well as equity and invested capital assignments. In addition, the fundamentals of the asset approach will be taught. 
 
Advanced Topics in Business Valuation (BV204)
Sept 23-26 | Bethesda, MD
Instruction in five timely advanced topics is presented. Approximately one half of the course is in valuation adjustments, including discounts for lack of marketability and lack of control, as well as control premiums. Other topics include tax issues in the valuation of pass-through entities, valuation in volatile markets, international cost of capital and accounting for intangible value. The plan for BV204 is to rotate the advanced valuation topics as needed.
 
Special Topics in the Valuation of Intangible Assets (BV302)
Sept 30-Oct 2 | Miami, FL
BV302 expands on the intangible asset valuation theory presented in BV301 as well as provide the student with the latest studies in this area. Emerging topics such as the valuation of contingencies and the use of differential value methods are explored. Areas that have challenged appraisers including attrition measurement and the valuation of covenant not to compete will be thoroughly examined.
 
Advanced Topics and Case Studies (ME203)
Sept 23-26 | Bethesda, MD
The objective of this course is to introduce more advanced concepts and techniques than those taught in ME201 and ME202. A review of case studies illustrating a range of operating entities will be employed. This course will explore exponential pricing techniques, cost estimation, reproduction vs. replacement costs and much more!
 
Prices increase September 1!  Click here to learn more or to register!

Family Values: ASA Candidate Member Educates Others About Heirlooms

Family Values: ASA Candidate Member Educates Others About Heirlooms

” Appraisers aren’t just for the wealthy,” said ASA candidate member Genice Lee in a featured article titled, Family Values: Greenbelt woman educates others about heirlooms. In the article Ms. Lee addresses the importance of preparing an estate and recording the valuables that are in your home.  Not only is she passionate about being an appraiser, Ms. Lee is also dedicated to making a difference by educating the public about the importance of preparing an estate and how to do so by speaking at public meetings and on radio shows. Click here to read the full article.

2010 ASA-CICBV Business Valuation Conference

2010 ASA-CICBV Business Valuation Conference

What? Business Valuation Conference
When? Oct 4-6, 2010
Where? South Beach Miami, FL

Join ASA and the CICBV for this year’s Business Valuation conference in South Beach Miami, FL. The conference will be held at the Loews Miami Beach Hotel.

Sessions that deal with current issues at an advanced level being offered:

  • Valuation for financial reporting
  • Transaction/advisory services
  • Fair market value/litigation

Registration Prices
Early Bird Price: $925 (before August 13)
Regular Price: $1,050 (after August 13)

For further information and conference updates, please visit the Business Valuation Conference website.

Also be sure to sign up for the BV courses taking place directly before the conference at the same hotel in South Beach.

  • BV302 Special Topics in the Valuation of Intangible Assets | Sept 30-Oct 2 
  • CAVSMC Monte Carlo Simulation: Extensions in Valuation Part 1 | Oct 2 
  • SE100BV USPAP for Business Valuation | Oct 2-3 
  • CAVSEWP Expert Witness Preparation and Testimony | Oct 2 
  • CAVS123R/409A | Oct 3 
  • CAVSRO Real Options Valuation: Extensions in Value Part 2 | Oct 3

We hope to see you in Miami!

Candidate Member of ASA, Laura Leopardi, Crowned 2010 Universal Ambassador Queen of Hope

Candidate Member of ASA, Laura Leopardi, Crowned 2010 Universal Ambassador Queen of Hope

Tempe, AZ, July 20, 2010

Laura S. Leopardi, CPA/ABV/CFF, MBA, Candidate Member of the American Society of Appraisers and professional business appraiser and consultant, competed as Ms. Arizona and was crowned the 2010 Universal Ambassador Queen of Hope. Now an international titleholder in a recognized 501(c)(3) charitable organization, Ms. Leopardi plans to implement her personal, professional and pageant platform of Alleviating Fear of Finance: Achieve Financial Health and Wealth as she works with private business owners to develop exit strategies to fund their own retirement and leave a legacy to worthy charitable organizations in their estate planning. The Queen of Hope Pageant proceeds and collective philanthropic efforts of past, reigning, and delegate/contestant queens benefit continued cancer awareness and research efforts toward a cure. The Pageant was held at the Tempe Center For the Arts on Friday, July 16th. Ms. Leopardi is also one of the distinguished Recipients of the Pageant’s Community Service Awards for her extensive volunteer and charity work. The Pageant included interview, fitness and formal wear, and on stage question competitions scored by a panel of five Judges. Ms. Leopardi’s professional website is leopardivaluation.com.

Basics of Valuation Modeling for Real Property

Basics of Valuation Modeling for Real Property

By Scott Mauney, ASA

Real Property appraisal has always been considered by most end users as a soft science. This is mainly due to the RP appraisal profession not fully embracing the philosophies of other hard sciences. In the past you’ve had (appraisers on one side, statistician on the other side), and now you have AVM’s trying to fill the void. I have written an abstract which tries to explain how the philosophical foundation should be constructed so both sides can communicate. This will help address the “black box” concerns that many appraisers object to regarding AVM’s. This will also give AVM developers a common starting point. I have researched many appraisal and valuation modeling textbooks and have not found a simple explanation for constructing a real property valuation model. If Albert Einstein can reduce his greatest equation to e=mc^2, then I think the real estate appraisal profession can do the same.

Email Scott Mauney for a copy of his abstract entitled The Basics of Modeling for Real Estate Appraisal.

Scott Mauney, ASA (RP & MTS)
Dallas, TX

ASA’s Chicago Chapter Continues to Rise to the Top

ASA’s Chicago Chapter Continues to Rise to the Top

On Monday, July 26, 2010 the American Society of Appraisers presented their annual awards at the 2010 International Appraisal Conference. Among all of the awardees the Chicago Chapter undoubtedly stood out from the rest as they were awarded the Best Chapter Public Relations Program for the eight consecutive consecutive year and the Outstanding Chapter of the Year for the second year in a row. Click here to watch a short clip of the Chicago Chapter awards.

AMERICAN SOCIETY OF APPRAISERS’ 2010 AWARDEES RECOGNIZED AT INTERNATIONAL APPRAISAL CONFERENCE JULY 26TH

AMERICAN SOCIETY OF APPRAISERS’ 2010 AWARDEES RECOGNIZED AT INTERNATIONAL APPRAISAL CONFERENCE JULY 26TH


The American Society of Appraisers (ASA) presented its 2010 Awards on Monday, July 26, at ASA’s 2010 International Appraisal Conference’s Award Ceremony at the JW Marriott Las Vegas Resort and Spa. Awardees are recognized for their exceptional service to and support of ASA, its members, its staff and the appraisal profession. Award winners include Ms. Linda Trugman, ASA; Ms. Nicole Cruz; and members of ASA’s Chicago, St. Louis, NorCal and Philadelphia Chapter.

ASA’s most prestigous award, The Jerry F. Larkins Award, is presented to an ASA volunteer who has shown commitment and dedication to ASA’s excellence and growth. This year, the award is presented to Ms. Linda Trugman, ASA, for her continued efforts towards building a quality education program for business valuation. “I felt extremely honored and flattered that the staff at ASA headquarters felt that strongly about me and my contributions to the organization and the business valuation profession as a whole. Volunteering my time and energy to help make ASA a stronger organization is a passion and it was a wonderful surprise to be honored for my efforts,” said Ms. Trugman.

The Sylvia Wade Olsen Award is presented to an ASA staff member who has gone above and beyond in helping staff and members. Voted on by fellow staff members and selected by the executive committee, this year’s winner is Ms. Nicole Cruz, Senior Education and Accreditation Specialist. “When I was told that I had won the Sylvia Wade Olson award, I was surprised and elated at the same time. This award was so unexpected and I feel honoured to receive it,” said Ms. Cruz.

ASA Chapter awards are given to chapters to recognize them for their hard work and exemplary products used to promote ASA and the field. This year the winner of the Outstanding Chapter of the Year and the Best Chapter Public Relations Program goes to the Chicago Chapter, the St. Louis Chapter is the recipient of the Best Chapter Newsletter with less than 100 Members, the NorCal Chapter is the winner of the Best Chapter Newsletter with more than 100 Members and the Philadelphia Chapter is the recipient of the Best Chapter Website award. Congratulations to all of ASA’s 2010 Awardees!

Jane S. Grimm, ASA Chief Executive Officer comments:

“Linda Trugman is the recipient of the 2010 Jerry F. Larkins Award because she is a tireless volunteer, extremely organized, a brilliant teacher, and a real asset to ASA. She has been recognized for her outstanding efforts by other organizations, so ASA is not the first. We are certainly proud to add her name to our list of dedicated members whose efforts make ASA such a great organization.”

“Nicole Cruz has been awarded the 2010 Sylvia Wade Olsen Award because she is an exemplary ASA staff member. She is always one of the first to take on the extra challenges and workloads or help anyone who needs it. She is a great ambassador for staff at the POV course sites and takes our goal of better member service seriously. She is organized, patient, kind and good-hearted. I am thrilled to have her on staff.”

About the American Society of Appraisers:
The American Society of Appraisers is an international organization of appraisal professionals and others dedicated to the education, development and growth of the appraisal profession. ASA is the oldest and only major organization representing ALL disciplines of appraisal specialists, originating in 1936 and incorporating in 1952. ASA’s headquarters is in the metropolitan Washington, DC area. To find an accredited appraiser near you, visit appraisers.org or call (800) 272-8258.

Expert Diamond Cutter, Brian Gavin, Speaks at ASA 2010 International Appraisal Conference

Expert Diamond Cutter, Brian Gavin, Speaks at ASA 2010 International Appraisal Conference

Brian Gavin is a fifth generation diamond cutter and creator of the internationally renowned Signature Hearts and Arrows diamond brand. He was a featured speaker at this year’s International Appraisal Conference in Las Vegas, Nevada, July 26-28. His well received workshop was titled “Diamonds and the Internet”. To learn more about Brian Gavin visit his website at www.briangavindiamonds.com or follow him on Twitter at www.twitter.com/briangavin or @briangavin.