ASA’s ME203 & ME204 Wrap Up: Nigeria

Leslie H. Miles, Jr. FASA; Paul Osaji and students.

The American Society of Appraisers (ASA) recently conducted an onsite training course in Nigeria for Paul Osaji & Co. Estate Surveyors and Valuers. The Society’s ME203 – Advanced Topics and Case Studies and ME204 – Machinery & Equipment Valuation – Advanced Topics and Report Writing were presented to almost 20 students from March 1-11, 2016, with instruction provided by Leslie H. Miles, Jr. FASA, FAPI. The attendees consisted of various appraisers from the local area of the capital city of Lagos.

Instructor Leslie H. Miles, Jr. FASA teaching the class.

Advanced Topics and Case Studies focused on introducing advanced concepts and techniques than those taught in ME201 and ME202. The course explored exponential pricing techniques, cost estimation, reproduction vs. replacement costs, quantifying functional obsolescence, use of research data, time value of money calculations and more. Machinery & Equipment Valuation – Advanced Topics and Report Writing was merely an extension of the advanced areas with an introduction of such things as leasing, inutility and fair rental value as well as carrying the income approach to a little higher level as we do more on the discount rate development. The students, a good majority of them experienced appraisers, were extremely happy and impressed with the more advanced information and the way it was presented. The course material, as expected, had new and very important additional information and training that students had not been exposed to in their previous work.  The order and content of these courses is well set out and is much of the reason ASA education is in demand.

“It is through Paul Osaji’s underwriting and coordinating that ASA has come to Africa with these “in demand” special offering POV courses. In closing I must acknowledge those people that did the same thing (in Australia, Japan); expanding ASA’s footprint in places we were not so well recognized in the past. Thank you to all for that “value added” benefit to this discipline and the overall valuation profession!” stated Leslie H. Miles, Jr. FASA, FAPI.

The Society’s Onsite Course Program is a popular option for organizations in need of training large groups or entire departments of staff. These special, client-centric courses provide educational experiences that can be customized to meet an organization’s individual needs. The courses provide a convenient and cost effective means of helping employees with professional development opportunities and to achieve a designation with ASA.