ASA’s ME203 & ME204 Wrap Up: Leeds, England
The American Society of Appraisers recently conducted an onsite training course for Liquidity Services Appraisal LQDT (NASDAQ) on January 15-21, 2017 in Leeds, England. All participates have previously taken the required ME201 and ME202 courses and were ecstatic to be challenged with these courses being offered to them. The Society’s ME203— Advanced Topics and Case Studies and ME204 – Machinery & Equipment Valuation – Advanced Topics and Report Writing courses were presented to students with instructions provided by Richard Berkemeier, ASA, who is knowledgeable in the field of Machinery and Technical Specialty appraising. Gerard Deterne, Senior Manager of Airbus Helicopter, Marseille, France and Andreas Wolf, Deputy Head of SCI Verkehr, Cologne, Germany, joined Liquidity Services in hopes of obtaining the highly demanded ASA designation.
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.
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.
For more information, visit ASA online or contact us at (800) 272-8258.