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ASA Equipment Valuation Conference Presenter Spotlight

ASA’s upcoming 4th Annual Equipment Valuation Conference is set to take place June 3-4, 2015 in Cleveland, OH. This annual event has grown to become the definitive source for the latest insights into equipment valuation. One of the biggest reasons why is the Conference’s informative educational sessions on current market conditions and trends from experts in the field.

Here’s a look at this year’s line up:

Cole_David_75x100David H. Cole, ASA, President | Cole Appraisal Services, Inc.
Instructor: Pre-Conference 7-Hour USPAP Update Class

Mr. Cole joined the American Society of Appraisers in 1987 and has been an accredited senior appraiser since 1990. Mr. Cole has an extensive background in ASA education including serving as the chairman of the International Education Committee. Mr. Cole has been a senior instructor of the machinery and equipment POV courses ME201-204 since 1992. Mr. Cole has been a USPAP instructor since 2012 and has presented USPAP as both a webinar and in live classroom settings.

Mekael Teshoma, Assistant Vice President & EconomistTeshome_Mekael_75x100 | PNC Financial Services
Presentation: An In-depth Discussion of the Opportunities and Risks Facing our National Economic Outlook

Mekael Teshome is assistant vice president and economist for The PNC Financial Services Group. He is responsible for contributing to PNC’s regional, national and international economic analysis. Teshome focuses on state and metropolitan economies within PNC’s core economic footprint as well as industry analysis. Teshome joined PNC in September 2011 from Moody’s Analytics, where he was lead analyst of the Greek and Norwegian economies. He monitored the South African economy and was responsible for numerous U.S. states and global metro areas. In addition, he also worked extensively on sovereign risk analysis and forecast model-building for global cities. He serves on the board of economic advisors for the North Carolina Chamber Foundation, North Carolina’s largest nonpartisan business advocacy organization. He also serves on the board of directors of the Economic Club of Pittsburgh – the local chapter of the National Association of Business Economics (NABE). Teshome has a master’s degree in economics from Vanderbilt University and a bachelor’s degree in political science and international studies from Taylor University.

Beckwith_Jack_75x100Jack Beckwith, ASA, President | Equipment Appraisal Group, Inc.
Presentation: The ACA Impact on Diagnostic Equipment Valuation

Jack Beckwith’s area of expertise is primarily machinery and equipment/personal property. However, he has valued buildings and improvements for insurance purposes. In addition to his valuation experience, Mr. Beckwith has been an expert witness in the United States Bankruptcy Court and in various counties for personal property ad valorem tax litigation. These research assignments since 1998 include Personal Property and Inventory appraisals in such industries as construction, retail, aviation, food service, health care, light gauge fabrication, wafer fabrication, printing, confectionery production, refueling stations and paper mill. Mr. Beckwith’s career began in 1976 distributing new and refurbished machinery and equipment in the healthcare industry. As a re-marketer, he owned and operated Mission Medical with locations in Dallas, Houston, San Antonio, and Monterrey, Mexico. During the early 90’s, managed medicine entered the Health Care Industry and demands increased for services in valuation of specialized equipment. It was at this time, Mr. Beckwith became aware of the importance of the appraisal methodology and the compliance issues associated with this profession. His article “What is Value?” was published in 1999 for San Antonio Medicine. In 1996, he sold Mission Medical and entered the appraisal field full time and received his Accredited Senior Appraiser designation (ASA). Though he is based in Texas, Mr. Beckwith has performed and supervised valuations throughout the United States, Canada, Mexico, and Europe. He has been published for various valuation topics in The M&TS Journal and the ASA Professional.

Kruse_Dan_75x100Dan Kruse, Auctioneer/Sales | Kruse Energy & Auctioneers
Presentation: Current and Future Financial Trends of the Oilfield Equipment Industry

As a 3rd generation auctioneer with 40 years of experience, Dan co-founded Kruse International in 1970. Dan was honored as one of the world’s top 50 auctioneers by Auction World and is recognized internationally for liquidating over 6 billion dollars of equipment. Dan is President/CEO of Dan Kruse Classic Car Productions and Kruse Asset Management. He is also a proud employee of Iron Planet and Kruse Energy Equipment Auctions and has sold and appraised billions in the oilfield industry over 30 years.

Sexton_Thomas_75x100Thomas A. Sexton, ASA, Equipment Analyst | JP Morgan Chase
Presentation: Today’s Rail

Tom Sexton has experience in evaluating industrial equipment of all types, studying relevant segments of the economy relating to equipment values and providing information on various equipment types as well as value forecasts. He also oversees inspections and appraisals of assets used to collateralize financial transactions, and is also active in assisting in all facets of lease end and sale of assets used as collateral. Tom also has 12 years field experience in the appraisal of fixed assets of all types. For the past 28 years he has provided equipment management services specializing in rail equipment, including maintenance of way, motive power as well as freight cars of various types. In addition to his rail equipment specialty Tom has extensive experience with printing equipment, chemical and food process equipment, machine tools, oil field equipment and providing evaluations and determining appropriate return documentation conditions. He has performed valuation projects in both the public and private sectors. Tom calls Central Ohio home for the past eighteen years. Tom has a Bachelor’s degree from DePaul University, and has an Accredited Senior Appraiser’s designation from the American Society of Appraisers. Tom’s activities in the appraisal society includes past membership on the Machinery and Technical Specialties Committee and Chairmanship of the Long Range Planning Sub-Committee.

Holck_Mike_75x100Michael J. Holck, ASA, Vice President | Irontrax
Presentation: Transporation—Current Trends

Mike Holck is a highly regarded appraiser within the transportation industry. Clients seek Mike’s expertise for his consistent accurate valuations and deep knowledge and experience in specialized transportation, including car haulers, concrete pumps, wreckers, trucks and trailers. Mike holds an ASA designation from the American Society of Appraisers and has completed the Uniform Standards of Professional Appraisal Practice (USPAP). As vice president of Irontrax, Mike is responsible for nationwide appraisal services for the transportation and construction industries and remarketing of off lease and repossessed assets. Prior to Irontrax, Mike worked 14 years at Taylor & Martin, a leader in over-the-road trucking equipment re-marketing, appraisals and consulting, as lead appraiser and assistant manager of appraisal services. In these roles, he performed physical and desktop appraisals for numerous assets specific to the transportation industry, including trucks and trailers and concrete pump trucks. He also provided residual analysis and consultations to lessors and performed lease end inspections. Mike began his career in the transportation industry in 1985, starting at the ground level washing trucks and trailers while in school. He has done it all – from changing tires, rebuilding engine’s, driving trucks and finally as an owner operator of his own trucking company, Holck Trucking. For the past several years, Mike has participated in the Equipment Leasing & Finance Association (ELFA)’s Equipment Manager Conference product showcase. He also is a past speaker at the American Society of Appraiser’s Machinery & Equipment ID conference in Cleveland, Ohio. He holds several inspection certifications and has completed numerous American Society of Appraisers courses.

Kinney_Dave_75x100David H. Kinney, ASA, Founder | USAppraisal
Presentation: Automotive Values: When a Bad History can be Worth More and Neglect can Increase Value

David Kinney is a Senior Member of the American Society of Appraisers, the nation’s largest multidisciplinary appraisal organization (www.appraisers.org). Having been a car enthusiast all of his life, Dave Kinney has been involved in almost every phase of the automobile industry. USAppraisal is the culmination of over thirty-five years of experience buying, selling, servicing and learning the ins and outs of the many facets of collector, special interest, antique, classic and production vehicles. Dave Kinney is also well known as an automotive journalist. He is a monthly columnist for AUTOMOBILE Upshift>>Auction and the British publication Octane. Kinney was formerly a contributor to The New York Times Automobile section. Additionally, Kinney is the founder and publisher of Hagerty Price Guide (formerly known as Cars That Matter), a price guide published three times per year.

Ruth_Charles_75x100BWCharles W. Ruth, ASA, President | Professional Appraisal Services, Inc.
Presentation: Mining in the United States and the Effects on Value

Charles W. Ruth, ASA, retired from Phelps Dodge Corporation / Freeport McMoRan Copper & Gold on January 30, 2009, after being employed for 38 years. His appraisal activity has, for the most part, been as an in-house appraiser of mining equipment and process plants for the company. The focus has been primarily in the southwestern United States at sites in Arizona, New Mexico, Texas and Colorado with additional assignments in Mexico and South America. He began appraising machinery and equipment for Phelps Dodge in 1988, and specialized in the appraisal of mining equipment and material processes for both open pit and underground operations. He completed appraisal assignments for a variety of departments within the company, including Resource Management (process plants & equipment), Global Supply Chain (asset recovery, liquidation and transfers of machinery & equipment and other capital assets,) Risk Management (insurance values), Land & Water (ranches & water rights), Corporate Finance (lease options, residual values at end of mine life, values for bond issues). In 1992 Charles earned an Accredited Senior Appraiser with a Machinery & Equipment designation from the American Society of Appraisers. In 2004 he became a senior instructor for the Principles of Value courses Level 201 & 202, and have taught these classes throughout the United States. He is the course developer and author of ME217 Advanced Mining Class, which was taught for the first time in May 2011 in Australia. Charles has also taught ME201, 202 and 214 (Mining course) in Australia in 2010. He is also the developer of an ASA Webinar for the ASA on Life Cycle Costing of Mining Assets. Professional Appraisal Services Inc. was formed in 1995, and is the current president. His military experience and history includes being a retired Senior Chief Petty Officer with the United States Navy with 28 years of service. He has had experience in submarine warfare, being a navy diver and instructor NEC 5345 and 9502.

Cuyler_Otto_75x100Otto Cuyler, President | Cuyler FoodPro
Presentation: Food Processing/Micro Brewery

Otto Cuyler grew up in a food processing machinery family started in 1942 by his father and grandmother in Webster, New York. Starting out as a mechanic, he helped recondition all types of food processing equipment as a teenager. He also accompanied his father on buying inspection trips, auctions and appraisals for regional banks. Otto continues the family food machinery business, from his father’s passing in 1979 to today. In 1982, he started working with national asset based lenders appraising machinery and valuing complete plants for liquidation and auction. In 2000, Otto formalized Cuyler FoodPro Appraisal, as the appraisal division of Cuyler Associates, Inc. In 2012, his daughter, Cate, joined the firm as a valuation and marketing associate, the forth generation of this family business. Otto is current in the Uniform Standards of Professional Appraisal Practice (USPAP) and a frequent speaker at local and national ASA and other value groups.“Our over 70 years of experience in buying, reconditioning, selling and appraising food processing machinery gives us a unique perspective on value, as we use our own money to buy and sell, every day.”

Desfor_Sharon_75x100Sharon A. Desfor, ASA, President | HeliValue$
Presentation: Helicopters, their Market, and its Drivers

Sharon Desfor, ASA, is president of HeliValue$, Inc., the world’s most trusted helicopter appraisal firm, and publisher of The Official Helicopter Blue Book®, the accepted standard for helicopter resale pricing information. Sharon is an Accredited Senior Appraiser of the ASA, currently serving on ASA’s Board of Governors and Strategic Planning Committee, chairing the International Committee, and standing ex oficio on the Budget & Finance Committee and Machinery & Technical Specialties Committee. She has served as Editor of both the M&TS Journal and Production Manager of Valuing Machinery and Equipment, Third Edition. Sharon is past Chair of the Helicopter Foundation International and of the HAI’s Finance & Leasing Committee, and served as Editor of HAI’s finance handbook, Helicopter Funding: Assembling the Pieces of the Puzzle. Sharon performs appraisals for finance and leasing, helicopter acquisitions and sales, bankruptcies, estate settlements, mergers and acquisitions, insurance subrogation, and litigation support. She mostly enjoys teaching finance people about the helicopter industry and helicopter people about the finance industry. Sharon gives lectures regularly for ASA, Corporate Jet Investor (CJI), and the Helicopter Association International (HAI), occasionally for the Equipment Leasing and Finance Association (ELFA) and the National Aircraft Finance Association (NAFA), and writes articles for a number of magazines in the aviation and appraisal industries. She is a vigorous advocate for professionalism in appraising, and an outspoken participant in appraisers’ forums on LinkedIn. You can find her profile and groups at www.linkedin.com/in/sharondesfor.

Santora_Joseph_75x100Joseph M. Santora, ASA, President | Irontrax
Conference Organizer

Joe Santora has spent more than 10 years building Irontrax into a reputable partner for financial institutions, equipment managers and construction professionals who seek accurate valuation and sales of machinery and equipment. Irontrax is in the approved appraiser list for most of the major financial institutions. Joe’s deep relationships in the market, coupled with his true third-party viewpoint, have yielded consistent spot-on valuations for clients. Joe has walked in the shoes of his clients. Prior to starting Irontrax, Joe was an asset manager at First Merit Bank (Akron, Ohio) where he established bank policy for the Equipment & Leasing & Finance Division and instituted the use of an approved appraiser list. He also held roles with Ritchie Bros. Auctioneers, the world’s largest auctioneer of unused and used heavy equipment and trucks, and Insight Auctioneers (Sebring, Florida). During his 5-year tenure with Ritchie Bros. Auctioneers, Joe was responsible for the successful liquidation of over $100 million in assets. Well known throughout the industry, Joe has been published in several financial and construction trade publications and has served on numerous committees for the Ohio Contractors Association. He currently is a member of the American Society of Appraiser’s MTS (Machinery and Technical Specialties) committee. Joe holds an ASA designation from the American Society of Appraisers and has completed the Uniform Standards of Professional Appraisal Practice (USPAP).

To register or to learn more about the conference and why appraisers, equipment management professionals, remarketers and industry service providers are attending, visit ASA Online or call (800) 272-8258.

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2015 ASA Personal Property Conference Recap

This year’s Personal Property Conference, Current Issues in Determining the Authenticity in Visual Art and Objects, The Catalogue Raisonné, Art Scholarship and Value in the Marketplace, took place March 25-27th at the Yale Club in New York, NY. The scholarly conference featured highly regarded experts including gallery directors, Catalogue Raisonné authors, attorneys, IRS representatives, insurance providers, object conservators and the FBI. Topics addressed included numerous aspects of the problems appraisers, art-industry professionals and collectors must continually consider, including fakes and forgeries and authenticity issues.

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The conference was held at The Yale Club in NYC.

The conference, chaired by Frances Zeman, FASA was extremely successful, selling out, with participants traveling from all over the country and Canada to attend the three-day event. Attendees like appraiser Laurie Triplette, ASA commented, “The insights, tips and visuals provided by the conference speakers were better than any textbook. You can’t make this stuff up, and I can attest that the learning curve without such guidance is painful!” and appraiser Jake Fish from The Alasko Company remarked, “this conference was THE occasion to collaborate with my colleagues and explore the question of the roll and responsibility as an appraiser regarding object authenticity. I can’t imagine a better opportunity to share ideas and experiences with so many accomplished individuals. What a great conversation and learning experience.”

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One of the Q&A sessions that followed each presentation.

Each panel invited lively Q&A sessions and proved to be an extraordinary opportunity for all appraisers and other professionals in the field who attended. In addition to the panels and lectures, the attendees enjoyed receptions and social mixers at Urban Archaeology in Tribeca and Bonhams auction house in Manhattan, as well as a post-conference field trip to the Princeton University Museum and Sculpture Collection.

Special thanks to John Szoke, John Szoke Editions, NY, NY and Jane St. Lifer, St. Lifer Art, Inc. NY, NY for the generous donation of the Will Barnet Catalogue Raisonné of Prints.

Many thanks to Lowy, NY, NY for the generous donation of their book The Secret Lives of Frames One Hundred Years of Art and Artistry for our raffle.

To view photos from the conference click here.

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Media Sponsor

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New ASA Synchronous eLearning Class a Success

eLearning offers a virtual learning environment that provides students with the same level of technical content and standard of learning as face-to-face course, but is sensitive to time and budget constraints. ASA’s eLearning course offerings and partnerships have been designed to meet the needs of appraisers at every stage of their career. Whether working towards an ASA or AM or a seasoned professional looking to expand your skill set, ASA is the sole source for worldwide education geared towards all six appraisal disciplines.

Instructors Sandra J. Tropper, ASA and David H. Cole, ASA in action providing live eLearning instruction.

Instructors Sandra J. Tropper, ASA and David H. Cole, ASA in action providing live eLearning instruction.

ASA recently debuted a new synchronous eLearning class to rave reviews by students—the new 7-hour USPAP Update Course for PP, GJ and MTS.

Synchronous classes are basically the same as live, in-person classes but take place online, affording students the convenience and cost-savings to learn in their home of office. Students simply log in, listen and follow an instructor-led presentation and participate by submitting and answering questions.

The 7-hour USPAP Update Course for PP, GJ and MTS has been held twice. The most recent offering took place March 18, 2015 with a previous offering on November 19, 2014. Classes ran from 11:00a.m. – 6:30p.m. ET with instruction provided by Sandra J. Tropper, ASA and David H. Cole, ASA. 45 students participated in the two offerings.

In surveys of participating students, an overwhelming majority (90%) favored the synchronous eLearning format.

Here is some additional feedback from students:

I was impressed with the course and the time the instructors took to answer questions and ensure what they were saying was clearly understood. Kudos!” —Susan Golashovsky ASA-PP

The instructors did a bang-up job of running the class via live webinar. It was easy to forget that we weren’t all in one room together, and everyone participated in the class discussion. I believe I gained as much from the webinar as I would have in a traditional classroom setting, but was spared the time and the cost of travel…a huge plus for me!” —Carol DiGiovanni, AM-PP

I was very pleased with my first ASA webinar experience. I found the instructors to be knowledgeable and informative, the curriculum conveyed clearly and the format easy to follow. I am now a fan of ASA’s webinars! —Patrick Davis, ASA-GJ

ASA’s current eLearning formats include: webinars, webinar recordings, audio course recordings and OnDemand. Learn more about ASA’s eLearning education and partners online or by calling (800) 272-8258.

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The Slovenian Institute of Auditors Market ASA’s ARM207

The banner ad on the Slovenian Institute of Auditors website

The banner ad on the Slovenian Institute of Auditors website

The Slovenian Institute of Auditors has recently launched a marketing campaign to promote ASA’s offering of ARM207 in Slovenia. The Institute has run a banner ad for the class on their home page and have sent out eblast to the members of the Institute to promote the ASA course.

Sample of the eblast that the Slovenian Institute of Auditors have sent out to promote ASA’s ARM207.

Sample of the eblast that the Slovenian Institute of Auditors have sent out to promote ASA’s ARM207.

ASA will be conducting a private onsite offering of ARM207-Appraisal Review Theory and Practice for the Slovenian Institute of Auditors, March 18-19, 2015 in Ljubljana, Slovenia. The Society’s Appraisal Review and Management Discipline Committee is sponsoring the course. This comprehensive course will cover a wide spectrum of appraisal review topics, including report writing, review standards, competency issues, disputes, review process, burden of proof, appraisal language and more; and provide 16 continuing education credits. The instructors of this class will be Richard A. Berkemeier, ASA and Roger P. Durkin, J.D., M.S., FASA.

 

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Spotlight on Upcoming Advanced Gemological Training

During the month of May, the American Society of Appraisers will hold advanced gemological training for gems and jewelry professionals with offerings in the heart of the Chicago and New York diamond districts.

Here’s a sneak peek at these exciting locations:

Chicago

The Jeweler’s Center

The Jeweler’s Center

Offerings scheduled for Chicago will take place in two locations. The first, at The Jeweler’s Center at the Mallers Building at 5 South Wabash Avenue, an iconic landmark featuring offices, an indoor mall housing numerous jewelry stands for diamonds, gems, baubles, watches & repairs and the only accredited gemological laboratory in the Midwest; and the second, at the UBS Building at One North Wacker Drive.

Offerings include:
May 16-17, 2015—GJ209b: Masters Class Recognizing Treated Gems and Origin Issues;
May 17, 2015—Master Gemologist Appraiser Examination; and
May 18, 2015—7-Hour USPAP class for PP, MTS and GJ Appraisers sponsored by ASA’s Chicago Chapter

International Gem Tower

International Gem Tower

New York
Offerings scheduled for New York will take place downtown in the heart of the diamond district at the GIA (Gemological Institute of America) NYC Campus located in the International Gem Tower at 50 West 47th Street, the city’s only commercial condominium designed specifically for the international diamond, gem and jewelry trade. GIA’s state-of-the-art facility is feet away from thousands of businesses devoted to jewelry. New York is also the gateway to the world’s largest consumer diamond market, and the vast majority of diamonds entering the United States pass through it. Jewelry is New York’s third largest industry.

Offerings include:
May 20, 2015—Master Gemologist Appraiser Examination; and
May 21-22, 2015—Diamond Grading Update*
*Session available to ASA members only.

Limited spaces are available and classes are expected to sell out. Early registration is encouraged.

Complete course descriptions are available online.

To register or for more information visit www.appraisers.org or call (800) 272-8258.

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Pushing for Global Ethics Standards – ASA Joins International Coalition of Professional Organizations to Create Global Ethics Standards

Richard Berkemeier, ASA, (sixth from right) represented the Society, joining fellow IES Coalition peers outside the United Nations building in New York. Photo Credit: RICS

Richard Berkemeier, ASA, (sixth from right) represented the Society, joining fellow IES Coalition peers outside the United Nations building in New York.
Photo Credit: RICS

The American Society of Appraisers has joined an international coalition of professional organizations with the aim of developing and implementing the first set of globally recognized ethics standards for property and related professional services.

The International Ethics Standards Coalition (IESC) is made up of more than 25 leading standards bodies representing professionals working across the entire spectrum of land, property and construction related services.

The IES Coalition was first proposed during a meeting of a number of the founding organizations at the United Nations (New York) in October 2014.

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Richard Berkemeier, ASA, (bottom left) participates in IES discussions. Photo Credit: IRWA

The ethics principles set out in the standard will be drafted and published for consultation by an independent group of experts, to be appointed in early 2015. The Coalition intends that the expert group will represent the diverse nature of professional practice as well as the international scope of the project.

It is hoped that the new standard will be ready in early 2016, following which member bodies of the Coalition will implement it through training and guidance to their members.

News about the IESC was recently announced on ASA’s website and published in the International Right of Way Association’s January/February 2015 issue of Right of Way.

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ASA’s Chicago Chapter Set to Host Upcoming Advanced Healthcare Valuation Course Session

Chicago_Logo_150x75A blockbuster faculty lineup has been assembled for the upcoming American Society of Appraisers Healthcare Special Interest Group (ASA HSIG) Advanced Healthcare Valuation Course Session, sponsored by the ASA Chicago Chapter.

COURSE SESSION:

This two-day, in-person event is a segment of ASA HSIG’s Multidisciplinary Advanced Education in Healthcare Valuation Program, and will be held on Friday, April 24, and Saturday, April 25, 2015, in Chicago, IL.  View course session details here. Early registration pricing is available when you register before Friday, March 27, 2015. To register or for more information on this event click here.

Oakbrook Terrace Corporate Center

Oakbrook Terrace Corporate Center

VENUE:
The venue for the course session will be:

Oakbrook Terrace Corporate Center
1901 South Meyers Road – 1st Floor Conference Room, Oakbrook Terrace, IL 60181

Located off I-88 Tollway in the East-West corridor and minutes from I-355, I-90 and I-294 Tollways.

Marriott Courtyard Chicago Oakbrook Terrace

Marriott Courtyard Chicago Oakbrook Terrace

HOTEL:
The hotel for the course session will be:

Marriott Courtyard Chicago Oakbrook Terrace
6 Transam Plaza Drive, Oakbrook Terrace, IL 60181

Located only two miles from several major highways, I-294, I-88 and I-355. The prestigious Oak Brook Mall and premier restaurants, shops and businesses are just minutes away.

ASA has secured a block of rooms at the Marriott Courtyard Chicago Oakbrook Terrace at a rate of $109/night with a date of April 23-24, 2015. To reserve your room by phone, contact Courtyard Chicago at (630) 691-1500.

TRAVEL:
Attendees may fly into two main airports in Chicago; Chicago O’Hare International Airport (ORD) or Chicago Midway International Airport (MDW).

Chicago O’Hare International Airport (ORD)
10000 W O’Hare Ave, Chicago, IL 60666
Rental Car Services | Taxi Services | Shuttle Services

Chicago Midway International Airport (MDW)
5700 South Cicero Ave, Chicago, IL 60638
Rental Car Services | Taxi Services | Shuttle Services

Driving Distances

Hotel

Venue

Chicago O’Hare Int’l Airport (ORD)

23 minutes driving time

15.2 miles

22 minutes driving time

18 miles

Chicago Midway Int’l Airport (MDW)

34 minutes driving time

21.8 miles

36 minutes driving time

22.4 miles

 

 

 

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Conference Preview: Houston 2015 Energy Valuation Conference

David S. Butler, ASA

David S. Butler, ASA, CPA

ASA’s Houston Chapter is set to offer their annual Energy Valuation Conference on Tuesday, April 28, 2015 in Houston, TX. To get in inside look at the popular event, we sat down recently with Conference Organizer David S. Butler, Jr., ASA, CPA.

Over the past several years, the Energy Valuation Conference has attracted a growing interest from valuation and energy industry professionals. Why is this the case?

I believe the Conference is meeting a demand in this market sector for advanced continuing professional education. The Conference’s robust line up of presentations on leading-edge topics from prominent experts have proved to be a popular draw to the many appraisers, accountants and other finance professionals who specialize in the energy industry, due to their continual need to stay on top of the latest issues and trends. Other reasons include: the offering of CE and CPE credit, networking opportunities, 1-day format, competitive pricing and convenient location at the iconic Federal Reserve Bank building.

For the third year in a row, you’re teaming up with the Houston CPA Society. Tell us more about this relationship.

Many of our appraisers are CPAs themselves, come from similar backgrounds or work closely with accountants. The same may be true for CPAs who specialize in business valuation. Working closely with the Houston CPA Society we are able to bring together these groups of professionals and foster a shared learning environment leveraging the various experiences and insights unique to each. As part of this relationship, we are offering a discounted Conference registration to members of both organizations along with ASA CE and NASBA approved CPE credits.

What are some new topics for this year’s Conference can you share with us?

We are really excited about this year’s line up of presentations including: the valuation of energy derivatives; mining processes & valuation issues; Mexican energy reform, cost of capital; capital markets update; risk-adjusting reserves; valuation considerations of offshore drillers; and current SEC developments. Professionals will not want to miss these!

Your Conference has generated a lot of interest from professionals, but also from organizational sponsors as well.

Correct. We are very proud of our sponsors and appreciative of the support they provide. This year we feature firms who specialize in global financial advisory; online oil & gas professional networking; and assurance, tax and consulting services. Our current list of sponsors includes: Stout | Risus | Ross—Premier; bvagroup—Lunch; HSSK—Breakfast; Oilpro—Media Partner; and McGladrey—Reception.

Where can interested professionals register or get more information about your Conference?

Registration is open until April 22, 2015 and available at:

ASA members and non-members: http://www.appraisersofhouston.org/home/energy_valuation_seminar

TSCPA members: https://www.houstoncpa.org/IMIS15/HoustonCPA/Conferences_and_Events/Energy_Valuation_Conference/HoustonCPA/Conferences_and_Events/Energy_Valuation_Conference.aspx?hkey=a5b8796e‐bc5f‐42f5‐8a6b‐d53847479466

 

For questions or more information professionals may visit http://appraisersofhouston-org.doodlekit.com/home/energy_valuation_seminar or contact myself at (713) 771-5011, x212 or dbutler@hsskgroup.com.

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AGTA Event Recap

(L-R) Theresa Brossmer, ASA, MGA; Mary B. Reich, ASA, MGA; and Marti Hubbard, ASA, MGA.

(L-R) Theresa Brossmer, ASA, MGA; Mary B. Reich, ASA, MGA; and Marti Hubbard, ASA, MGA.

The American Gem Trade Association (AGTA) hosted the annual AGTA GemFair February 3-8, 2015 in Tuscon, Arizona at the Tucson Convention Center. The six-day event included educational seminars and workshops with networking opportunities for gem and jewelry professionals from around the world.

Special attractions included an exhibit of extraordinary cultured and natural pearls from the Smithsonian Institution. Seminars covered topics such as pearls, appraisal essentials, maya jade, managing business and life, color trends and jewelry marketing, gemstones and much more. Educational lectures and hands-on labs were also available to attendees.

ASA-GJ sponsored a booth at the fair. The booth was organized by Marti Hubbard, ASA, MGA and supported by gems and jewelry members. Highlights included a visit to the booth by ASA CEO, Jim Hirt and ASA International President Gary Smith.

(L-R)Gary L. Smith, ASA, MGA; Mary B. Reich, ASA, MGA and Jim Hirt, CEO.

(L-R)Gary L. Smith, ASA, MGA; Mary B. Reich, ASA, MGA and Jim Hirt, CEO.

The recently recorded ASA-GJ recruitment video was debuted at the AGTA Gem Fair. The four-minute video featuring testimonials from current ASA-GJ members was displayed at the ASA booth and was posted to the Society’s YouTube Channel. You can view the video here.

 

 

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4th Annual Equipment Valuation Conference—Events Preview

ASA’s 4th Annual Equipment Valuation Conference will be held June 3-4, 2015 in Cleveland, OH. Sponsored by ASA’s Machinery and Technical Specialties Committee, this annual event has grown to become the definitive source for the latest insights into equipment valuation. From it’s informative educational sessions on current market conditions and trends from experts in the field to hands-on equipment inspections, combined with ASA & CPE continuing education credits, valuable networking opportunities and a variety of entertainment options in the beautiful city of Cleveland, the Conference has garnered attention from appraisers, equipment management professionals, remarketers and industry service providers who have recognized the ROI provided.

The Conference will also be offing the following events:

Pre-Conference 7-Hour USPAP Update Class (Separate registration required.)
Tues., June 2, 2015 | 8:00a.m.–5:30p.m. | Hyatt Regency Cleveland at the Arcade

David H. Cole, ASA

David H. Cole, ASA

Plan to arrive early! A one-day 7-Hour USPAP Update Class will be held prior to the Conference. The course has been designed for students who have already completed the 15-Hour USPAP course and only require the updated information. Students will learn about critical changes and revisions to USPAP, as it specifically relates to MTS appraisals. The course will be taught by David H. Cole, ASA. To register or for more information, visit ASA Online or call (800) 272-8258. Registration closes Tuesday, May 26, 2015.

Conference Welcome Reception (Included)
Tues., June 2, 2015 | 6:00p.m.–8:00p.m. | Location TBD

Kick off your Conference experience at the popular Welcome Reception. This informal meet-and-greet of attendees provides a low-key atmosphere for networking and getting to know your fellow attendees. Swap stories, share tips, ask questions, get business leads or exchange contact information, all while enjoying light snacks and drinks. Something you don’t want to miss! Visit ASA Online for more information.

Great Lakes Brewery Tour (Included)
Wed., June 3, 2015 | 1:00p.m.–5:00p.m. | Great Lakes Brewery Tour

Great Lakes Brewing Company_100x69See first hand, up-close the processes and equipment it takes to run a successful brewery. The Great Lakes Brewery Tour will take you behind the scenes around the brewery and show you the Brewhouse’s stainless steel brewing vessels; the Tank Farm’s fermentation tanks; the Bottling & Packing Line; the Cooler; and the Physical/Chemical and Microbiological Quality Assurance Labs. Come thirsty for insight into this interesting and amazing tour. Learn more online. Round trip transportation provided and included in Conference registration.

Brewhouse

Brewhouse

Tank Farm

Tank Farm

Bottling Line

Bottling Line

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