The American Society of Appraisers (ASA) recently celebrated its second graduating class of Aircraft Valuation Program students, held jointly with university partner, Embry-Riddle Aeronautical University (ERAU) at their Daytona Beach, Florida campus.

The 26 students who successfully completed the four course program were treated to a celebratory dinner held in their honor. Instructors, Richard Berkemeier, ASA, David Crick, ASA, and Dr. Vitaly Guzhva, ASA, were in attendance, as well as Chair of the Society’s Machinery & Technical Specialties Discipline Sam Shapiro, ASA, and Embry-Riddle’s Dean, Michael Williams.

View photos from the ceremonies here.

Prior to the graduation, during the Program’s final class, ASA-204 Advanced Topics in Aircraft Appraisals II, students enjoyed presentations from Airbus, as well as Director, Aircraft Valuation at Boeing Capital Corporation, Kenneth G. Price, Aircraft Information Services, Inc. (AISI) President, Mark Halsor and CEO Dave Miller and aviation lawyer, Amanda Applegate.

The ASA/ERAU four course program is designed for professional aircraft appraisers and provides participants the necessary fundamental appraisal coursework to apply for professional accreditation through ASA in the Machinery and Technical Specialties (MTS) discipline with a specialty in aircraft appraisal. The courses curriculum covers commercial, business and general aviation aircraft including fixed-wing and rotorcraft, and other aerospace assets.

To register for upcoming classes or to learn more about becoming an aircraft appraiser visit www.appraisers.org/aircraft or call (800) 272-8258.

The American Society of Appraisers has approximately 68 designated members with a specialty in aircraft valuation located throughout the United States, Canada, United Kingdom and Australia.

To hire an ASA designated aircraft valuation professional, visit www.FindanAppraiser.org or call (800)-272-8258.

The American Society of Appraisers lost a dear friend, Robert B. Podwalny, FASA, on April 16, 2018 after a lengthy battle of lung cancer. Bob was a member of the Society for 43 years holding designations in both Machinery & Technical Specialties and Appraisal Review & Management. He was an active and supportive member serving in numerous discipline, chapter and national volunteer and leadership positions, most notability as Chair of the Appraisal Review & Management Discipline Committee, President of the NorCal Chapter and Regional Governor of the Board of Governors Committee. In recognition of his many efforts, Bob was inducted into ASA’s College of Fellows and conferred the designation of Fellow (FASA) – the highest honor ASA bestows, along with being awarded a Life Membership in 2012.

Bob’s professional career ultimately led him to becoming Senior Vice President of the Leasing and Valuation Division of the Bank of America, later to be followed by the opening of Appraisal Consultant, his own company in 2007.

His passion for volunteerism and helping others led him to serving as an instructor for ASA and the World Bank Economic Development Program, where he taught classes in the United States and abroad, along with being a co-author of several books.

Prior to beginning his professional career, Bob served in the U.S. Army 1965-1967. He is survived by his wife, sons, sister and numerous nieces, nephews and grandchildren.

Services will be held at the Immaculate Heart of Mary Church, Brentwood, California with Bob being laid to rest in Sacramento Valley National Cemetery.

Additional tributes to Bob are scheduled to be published in ASA’s MTS Journal and in the NorCal Chapter Newsletter. View Bob’s obituary here.

Editor’s Note: This new award category honors the brightest young ASA leaders, age 40 and under, who have demonstrated success throughout the year. ASA sat down with Bharat Kanodia, ASA, to take a closer look at this latest offering.

What was the driving force behind the creation of the Rising Stars award?
William Johnston, ASA, started this program in 2016. The idea was to create more awareness of valuation as a career and profession among young professionals. This year we are planning to take Bill’s legacy work, and make it permanent and recognized within ASA.

Could you tell us a little bit more about it?
In 2018, we are starting the Rising Star Awards. This award will be given up to five professionals age 40 and under, who will be judged on their accomplishments, leadership, community efforts and milestones.

What does it take to be a Rising Star nominee?
A Rising Star is exactly that, a rising star within ASA and in the valuation profession. Someone who is gaining momentum in their career, is respected by her peers, and is contributing towards growing the eminence of our profession and supporting ASA through their volunteer leadership. We are here to provide this person with a platform to be recognized, grow their network, and continue to help us collectively grow the profession and our Society.

When do nominations start and when do they end?
Nomination process starts March 1, 2018, and commences on June 30, 2018.

What will the winners receive?
The winners will receive three things –

1. Recognition – recognition of their contributions towards the valuation profession.
2. Invitation – invitation to the annual International Appraisers Conference.
3. Bragging Rights – above all, bragging rights for the recognition and exclusive invitation to the annual conference.

Where can we find more information regarding the award application and process?
More information is available via ASA Online.

Bharat Kanodia, ASA

About Interviewee:
Bharat Kanodia, ASA, leads venture and private equity valuations using technology based solutions, while helping valuation and audit firms streamline their international operations. He has worked with American Appraisal, Silicon Valley Bank Analytics, Ipreo and Veristrat among other industry leading firms. Bharat has valued real estate, industrial, personal property and financial assets including the Golden Gate Bridge, NYC subway system, Hartsfield Atlanta Airport, and Las Vegas casinos. He has signed off on over 4,500 valuation opinions with $1.3 trillion in assets. Bharat lives in the Bay area with his wife and two kids, and enjoys sailing and horseback riding.

Editor’s Note: The American Society of Appraisers Northern New Jersey Chapter will host the 2018 New Jersey Business Valuation Conference on Friday, February 23, 2018 at the Saddle Brook Marriott in Saddle Brook, New Jersey. ASA sat down with the chapter’s organizing committee (Richard Barre, ASA; Dhaval Jani, ASA; Mike Lavelle, ASA; Daniel Roche, ASA; and Donna Thompson Ray) to take a closer look at this upcoming event.

Can you give us a synopsis of the programs being presented? 
Our program is intended to focus on topics of significant importance to any business valuer. This event will provide participants with the most talked about topics, which includes:

• Brand Valuations: Assessing the financial value of a brand in the context of how it contributes to the business results today and in the future.
• Mandatory Performance Framework for Valuation Professionals: Introduction, background, and outlook for the quality, documentation, and certification requirements that valuation professionals must adhere to.
• Valuation and The Art of Investing: How equities have outperformed other asset classes historically and in the current market, and within the equity class; and how counter-intuitively high quality equities have outperformed other equities.
• Carried Interest Valuations: Issues in practice when valuing carried interests for typical structures used by alternative investment funds.
• BV Appraisers And The New Tax Law: What are the implications of the new “Tax Cuts and Jobs Act” for business valuation.

Why should business valuers attend this event?
This event covers a good mix of valuation topics making it interesting for business valuation professionals with diverse backgrounds. The content of the topics is largely suitable for audience from intermediate through advance stages in their career. Our goal is to equip attendees with the knowledge and expertise on facing challenges they may encounter now and in the future. It is also a great opportunity to network and meet peers from the area.

What can attendees expect to take away from this event?
Attendees will leave with the most comprehensive valuation information available, taught by preeminent business valuation leaders. This event will also expand their professional network and offer unparalleled valuation related training.

Can attendees receive ASA Continuing Education Credits, if so, how many credits?
Yes, participants will obtain 7 hours of Continuing Education Credits.

When is the last day to register for this event and where can you register?
The last day to register is on Monday, February 19, 2018. Registration is available online.  To learn more about the 2018 New Jersey Business Valuation Conference, please contact the chapter at ASA.NNJ.Secretary@gmail.com.

From Left to Right: Lynn Magnusson, ASA; Mike Lavelle, ASA; Donna Thompson Ray; Dhaval Jani, ASA; Daniel Roche, ASA.

ASANNJ73 BV Conference Organizing Team:
Daniel Roche, ASA – Chapter Secretary; Dhaval Jani, ASA – Chapter Treasurer; Donna Thompson Ray – Chapter President; Mike Lavelle, ASA – Chapter Vice President; and Lynn Magnusson, ASA – Board Member; Richard Barre, ASA – chapter member; Paul Roberts, ASA – administers oath of office to new Board of Officers, ASANNJ73.

Editor’s Note: The American Society of Appraisers (ASA) provides several listservs for the benefits of its members. ASA understands the importance of keeping members connected by creating an online community allowing members to engage, connect and promote knowledge with others in the field. In preparation for the release of the Society’s highly anticipated ASA Personal Property Listserv we sat down with the Discipline’s Chair, Lela Hersh, ASA, to get the inside scope.

What was the driving force behind the creation of the new ASA Personal Property Listserv?
ASA is the leading international, multidiscipline valuation professional organization, whose core mission is to provide the latest education and credentialing services to the appraisal profession and allied professionals. As new research and trends emerge, the Society’s thought leaders, developers and expert instructors are constantly exploring innovative and beneficial solutions. Presently, there’s a push towards online discussion forums, which foster collaborative learning and reflection—critical components of professional development and career growth. Online discussion forums allow participants to raise questions, demonstrate knowledge, share experiences and make connections.

Could you tell us a little bit more about it?
The primary goal for the new ASA Personal Property Listserv is to grow and foster a sense of community amongst like-minded professionals. Participants can meet new people and network, share and learn new ideas, gather technical information and feedback, establish credibility and grow their personal brand.

What are some of the benefits of the listserv?
Participants can exchange ideas, information and experiences in an open and friendly environment. A great resource for networking and problem solving, the ASA Personal Property Listserv is unique in that it focuses solely on issues and concerns specific to personal property valuation profession. It greatly helps you and your colleagues by making it simple and efficient to share best practices stories, post information about an exciting tip you’ve learned that’s geared towards your specialty, tell others about an enlightening article you recently read, ask questions and seek answers to business challenges, and more! We believe the information and contacts you gain through this forum will be invaluable. And, it’s easy to participate!

What recommendations would you give to listserv users?
We recommend participating in the ASA Personal Property Listserv often. New conversations and responses are posted daily by personal property appraisers. You can also post your own questions to solicit advice and feedback from your peers. We recommend that participants ask for responses be sent directly to them and then respond to the entire group once a week. We also ask that members refrain from personal responses to posts like “thank you” and “good idea” in order to limit the amount of emails participants receive.

When will the listserv launch?
The ASA Personal Property Listserv will launch on March 15, 2018.

What will members have to do to subscribe and use?
The process to subscribe and use will be quick and easy. Detailed subscription and instructions will be made available online and sent by e-mail to members prior to launch.

Who do members contact for more information on the listserv?
For information about the new ASA Personal Property Listserv, please contact ASA at asainfo@appraisers.org or (800) 272-8258.

Lela Hersh, ASA
Chair, Personal Property Discipline Committee

About Interviewee:
Lela Hersh, ASA, is the founder and president of Chicago metro area based Museum and Fine Arts Consulting, LLC, where she provides personalized advisory and research services to cultural institutions, corporations, galleries and private collectors. She has been involved in the arts for over 35 years. Ms. Hersh has a Master of Fine Arts and is an Accredited Senior Appraiser from the American Society of Appraisers where she presently serves as the chair for the Society’s Personal Property Discipline Committee. Ms. Hersh may be reached at (847) 780-4560 or lelahersh@comcast.net.

The American Society of Appraisers recently held its 2017 Advanced Business Valuation Conference on October 7-10, 2017 in Houston, Texas at the Hilton Americas.

This conference presented the most comprehensive Business Valuation educational programming available, taught by the world’s top Business Valuation professionals. This three-day event offered attendees with three distinct educational tracks with highly focused educational sessions in areas of business valuation, fair value and a variety of specialized topics. The 2017 Advanced BV Conference was held in conjunction with ASA’s 2017 International Appraisers Conference, allowing a unique opportunity for attendees to expand their global professional network and interact with attendees and exhibitors. The conference kicked off Saturday night at the Welcome Reception giving attendees the opportunity to mingle and network with one another.

The conference began Sunday morning with introductions and welcome remarks from International President, Sharon A. Desfor, ASA. Following the opening remarks was a keynote presentation by Tom DeLuca, whose approach of education through entertainment, taught us how to overcome obstacles to success. Breakout sessions followed the keynote and included topics such as Cash and Working Capital in the DCF Method; Regression Analysis: Construction and Interpretation; PCAOB Current Topics: Auditing Standards Update; Case Study: Calculating the WACC; Methodologies for Calculating Personal Goodwill Gain Traction in Marital Dissolution Proceedings; and Maintaining Your Sanity Throughout the Audit Review Process for Valuations for Financial Reporting by Trey Stevens, ASA; Mark Shirley; Adam Smith, ASA; Travis Harms; Robert B. Morrison, ASA; Keith Konen, ASA; and Shlomo Lang, ASA.

Sunday afternoon consisted of 9 sessions discussing topics of Normalizing Owner Compensation; Options-Based Techniques for the Valuation of Complex Debt and Equity Instruments; Latest Developments in Contingent Consideration Valuation; Pitfalls in Determining Terminal Value in the DCF Model; Using New REIT Data to Value FLPs: Theory and Application; Performing Purchase Price Allocations for Financial Reporting Purposes; Forecasting Balance Sheets and Cash Flow Statements for DCF Analyses; Evidence of DLOMs for Controlling Interests; and Valuation Dilemma for Preferred Warrants: BSO vs. OPM. These presentations were taught by Stephen Kirkland; David C. Dufendach, ASA; Alok Mahajan; Gilbert Matthews, FASA; Spencer Jefferies; James R. Park, ASA; Shlomo Lang, ASA; Joseph Emanuele, ASA; Ronald DiMattia; and Keith Konen, ASA.

Sunday evening was the Educational Foundation Auction and the President’s Networking Reception. There was a silent auction, which was a huge success due to over 60 items being donated. Items in the silent auction included jewelry, wine, books, classes and even liquor. The auction and President’s Networking Reception concluded the first full day of the conference.

Monday began early with a second keynote presentation by Donna J. Walker, FASA, ARM-BV, Carla Glass, FASA, Sheryl Gillett, FASA, and Richard W. Gilmore, FASA on Changing Perceptions of Value. Breakout sessions followed with presentations by Bethany Hearn on DCF Case Study; Michael A. Paschall, ASA on Critiquing a Valuation Report: The Top 20 Errors; Oksana Westerbeke on ASC 805/ASC 718 Reconciliation Dilemma: Control Purchase vs. Minority Backsolve Value; Jefferson Davis on Financial Institutions – Black Holes of Valuation; David Aughtry, Esq. on Bulletproofing Your Valuation for Tax Court; William A. Johnston, ASA on How to Obtain Your CEIV Designation; William H. Frazier, ASA on Update on IRS Regulations Including S Corp Tax Affecting; Joseph Leauanae, ASA and Jennifer Allen on BV and Forensic Accounting: Navigating the Intersection of Fact and Fiction; Nathan DiNatale on Purchase Price Allocations: ASC 805 Application and Best Practices; Neil J. Beaton, ASA on Valuing Biotechnology Companies; Jim Andersen, ASA on Maintaining Objectivity in Your Adjustments and Normalization; Joseph W. Mease, ASA on Economic Obsolescence in Purchase Price Allocations. The last session of the day was a general session for all BV attendees — Ask the Experts with moderator Nathan DiNatale and experts Michael A. Paschall, ASA; Adam M. Smith, ASA; and Oksana Westerbeke. Tuesday evening was the inaugural Women’s Networking and ASA’s Rising Stars Receptions. These receptions gave attendees the opportunity to meet and network with prominent women across all of ASA’s appraisal disciplines as well as rising professionals in the appraisal industry.

Wednesday was the last day of conference and included 8 educational sessions taught by 12 experts in the field. Topics of discussions included Practice Growth 102: An Integrated Approach by Evan Tierce and Catherine Seitz; Valuing Right of Publicity: Rock Stars, Movie Stars and Other Famous People by Mark Roesler and Audrey Wessel; Valuing Companies Owning Real Property by Alan Kaplan and Keith J. Klemowits, ASA; Valuation of Winery Brands and Operations by Jim Andersen, ASA; Valuation of Options and Option-Like Instruments by Oksana Westerbeke; Market Participant Acquisition Premiums (MPAP): The Final Word by Andrew Fargason; Toy Story: Forensic Files EditionReal Life Litigation Case Study – Opposing Experts Face Off by Marie Ebersbacher and Kim Onesko; and Applications of the Market Approach Relief from Royalty (RFR) Method to Value Intellectual Property by Robert F. Reilly, ASA.

Those unable to attend the conference in person were able to sign up and view key sessions from the conference via live streaming online.

ASA hosted a series of pre-conference educational courses in Houston prior to IAC2017. The given courses were BV202 – Introduction to Business Valuation, Income Approach; BV204 – Advanced Topics in Business Valuation; BV401 – CEIV Course – Valuation for Financial Reporting; MD220 – Ethics and the Appraiser.

The American Society of Appraisers would like to thank HeliValue$, Inc.; Knowcraft Analytics; Trugman Valuation; Business Valuation Resources; Sweeney & Bartlett; MG Valuation; Kersten’s Antiques; ASA Houston Chapter; The MTS Journal; ASA PAC; BV Review; Valuation Review; Borrowman; Veristrat, Inc.; New Orleans Auction Gallery; TagnFi; RCReports; American Business Appraisers; International President and Conference Chair Sharon A. Desfor, ASA; and the planning committee and advisors Matthew Kaufman, ASA; Juanita E. Addeo FGA GG, ASA, MGA; Paul R. Cogley, Jr., ASA; Melanie Modica, ASA, ARM-PP; Ronald E. Prat, ASA; William M. Engel, ASA; Bruce A. Johnson, ASA; Rosanne Aumiller, ASA; Jaclyn Burket, ASA; Jay E. Fishman, FASA; George Hawkins, ASA; Kevin M. Janke, ASA for all of their hard work and support. Photos from the 2017 International Appraisers Conference can be viewed here.

Save the Date! Make plans to attend the 2018 Advanced Business Valuation Conference at Anaheim, CA on October 7-10, 2018.

Thank you again to all of our sponsors for making ASA’s 2017 Advanced Business Valuation Conference a great success!

The American Society of Appraisers recently held its annual 2017 International Appraisers Conference on October 7-10, 2017 in Houston, Texas at the Hilton Americas. In keeping the tradition of providing the highest-level of education for appraisal experts, this year’s IAC featured more than 40 sessions of the most comprehensive educational programming available taught by preeminent thought-leaders from all appraisal disciplines. IAC’17 kicked off Saturday night with a Welcome Reception, allowing attendees to get to know one another and network.

Sunday was the first full day of the conference with introductions and welcoming remarks from the Conference Chair and International President, Sharon A. Desfor, ASA. Immediately after was the keynote presentation by Tom DeLuca, whose approach of education through entertainment, taught us how to overcome obstacles to success. Following the keynote presentation, attendees adjourned to the appropriate specialized educational track they chose.

The first educational sessions of the day included presentations on Oil/Gas: Refining Trends and Outlook by Karl Bartholomew, ASA; Forevermark Diamonds, Value Beyond the 4Cs by Sam Panasiuk; Navigating Current Markets and Estates with Millennials by Mark Prendergast; Conducting a Reappraisal for Ad-Valorem Taxes – The Mass Appraisal Experience by Lisa A. Hobart, ASA; and Attacking & Defending while Staying Out of Trouble by Ted Whitmer, MAI, AI-GRS, CRE, CCIM. Educational sessions continued with topics on Estimating the Fair Market Value of a Solar PV Project; Top Ten Report Corrections: Make Your Next Report Your Best Report; David Webb: An American Classic Past and Present; and Scope of Work within Appraisal Review by Steve Dean, ASA, Sandra J. Tropper, ASA, Mark Emanuel, and Joel D. Gonia, ASA-ARM & MTS respectively.

Lunch and the International Awards Presentation followed these educational sessions. During the Awards Presentation, ASA members, volunteers, chapters and staff were recognized and honored for their achievements. William A. Johnston, ASA won the Jerry F. Larkins Award in recognition of exceptional volunteer service to and support of ASA, its members, its staff and the appraisal profession, Joy L. Brown of ASA headquarters staff won the Sylvia Wade Olson Award in recognition of outstanding dedication and commitment to ASA and invaluable service to the appraisal profession, Sandra J. Tropper, ASA won Examiner of the Year in recognition of exemplary ethical standards, and Cheryl Kessler, ASA won Chapter Member of the Year in recognition of outstanding dedication and commitment to ASA’s San Diego Chapter. Chapter awards winners included NorCal Chapter for Best Membership Recruitment Program; Philadelphia Chapter for Outstanding Chapter Education Event; NorCal Chapter for Best Outreach Program; and Chicago Chapter for Outstanding Chapter of the Year.

After lunch, sessions touched on topics of Plastics Industry Market Trends and Recent Developments & State of the Semi-Conductor Industry by Kenneth M. Heyse, ASA and Alexander Steele, ASA; Dealing with Disasters: Documentation, Standard Practices and Case Studies by Elissa Gydish, AM, Rosa Lowinger, and Steve Pine; Focus on Fluorescence – Exploring UV LW/SW Testing of Gems by Claire Mitchell, FGA, DGA; Valuation Issues as They Relate to The Assessment of Complex Commercial and Industrial Properties by Alexander Hazen, ASA, IFAS and Joseph G. Kettell, ASA; and What’s New at the IRS on Estate and Gift Tax Matters by James F. Hogan. The last sessions of the day included presentations on Truck & Trailer/Construction Equipment by Wade W. Whitenburg and Michael E. Winterfeld, ASA; Print Identification: Old Masters to Modern Processes by Kelley Magill, Ph.D.; The Emergence of ’60’s & ’70’s Jewelry by Gina D’Onofrio, ASA, MGA; Introduction to Going Concern Valuation by Robert C. Schlegel, FASA, L. Deane Wilson, ASA, and William P. (Bill) Wilson, FASA; and Tax Assessment and Appraisal Review by Richard J. Conti, ASA, ARM-PP.

The Educational Foundation Auction and President’s Networking Reception followed Monday’s educational classes in the evening. There was a silent auction, which was a huge success due to over 60 items being donated. Items in the silent auction included jewelry, wine, books, classes and even liquor. The auction and President’s Networking Reception concluded the first full day of the conference.

Monday was busy with over 20 educational sessions from more than 30 industry experts. A second keynote presentation was scheduled for Monday morning at 8:00am. Donna J. Walker, FASA, ARM-BV, Carla Glass, FASA, Sheryl Gillett, FASA, and Richard W. Gilmore, FASA presented on Changing Perceptions of Value. Educational sessions began immediately after with topics ranging from You’re the Expert: Write Your Own Blue Book; Bayou Bend and Rienzi: Two Houses and Collections of the MFA Houston; ROLEX – Vintage Sports Watches a Chronological History; Being a Better Expert Witness: Real Property Mock Trial; You’re the Expert: Write Your Own Blue Book; Mass Appraisal of Business Personal Property; ARM: Report Reviews Affect All Appraisers; ASA Update; and Appraisal Review in the Banking & Finance Industry. Leaders in the profession instructing these sessions were Sharon A. Desfor, ASA; Dave Mendenhall; Mike Clark; Bradley Brooks; Misty Flores; Adam Harris; Bruce D. Greenberg, ASA, ARM-RP; Brent Bersin; Christina Maccio; James Munisteri; Steve Ryan; Robert Stanley; Susanne Alaman; Hal Long; Jack Young, ASA, ARM-MTS; Theresa Brossmer, ASA, MGA, ARM-GJ; Melanie Modica, ASA, ARM-PP; John Russell; Todd Paradis; and Paul R. Cogley Jr., ASA.

Following lunch were presentations on Preparing for an Appraisal Review – Financial Statement Audits and Litigation by Robert S. Svoboda, ASA and Robert J. Stall, ASA; The Great Divide: Difficulties in Divorce Property Cases by Robert Goldberg, ASA; Classification of World’s Opal by Damien Cody: Is There A Place for Iowa Curve Analysis by Richard Ellsworth, ASA; Moving the Estate Appraisal to Market: Liquidating Unique Residential Contents by Shirley Sanders; Issues Affecting Appraisers and Synthetics by Tiffany Stevens; Marketing Your Appraisal Services by Bruce D. Greenberg, ASA, ARM-RP, Melanie Bartlett, Kimberly Bindra, Todd Paradis, and Debra Sweeney; A Bridge to International Standards by Thomas Boyle; MTS and BV – How Two Disciplines Work Together by Raymond D. Rath, ASA; They Came, They Installed, They Valued: Monumental and Unusual Works by Beatrice Chan, Laurance D. Triplette, ASA, and Kyle Young; The Organics of Coral by Eric Fritz; Market Extracted Adjustments by Gary Snowdon, ASA; Common USPAP-Related Errors and What’s New in USPAP by Carla Glass, FASA.

The Women’s Networking Reception and ASA’s Rising Stars event was held Tuesday evening. These receptions gave attendees the opportunity to meet and network with prominent women across all of ASA’s appraisal disciplines as well as rising professionals in the appraisal industry.

Wednesday was the last day of the conference and consisted of over 10 educational sessions ranging from How to Market and Grow Your Visibility as an Appraisal Professional by Analee McClellan, ASA; Impossible Comps and Possible Solutions: Navigating Market Road Blocks Successfully by Jane C. Jacob, ASA; The New Moving Target: Vetting Synthetics by David Skuza; Real Property Appraisal Review from Basics to Business Development by Travis L. Avant, ASA; Writing Effective Reports by J. Mark Penny, ASA, ARM-BV; Elements of an Appraisal Report by Sandra J. Tropper, ASA; Using Effective Social Media Profiles to Drive Business Development Results by Shavonna Roberts Schreiber; Pricing and Rarity of Fancy Colored Diamonds by Oren Schneider; Deepening Learning for Participants in Your Workshops and Classes by Jack Young , ASA, ARM-MTS; Reports in Courts: How to Write Reports to Withstand the Witness Stand by Charles T. Rosoff, ASA, Kenneth Linsner, ASA, and Edith Yeomans, FASA; Developing a Database For Your Practice by Matthew Kaufman, ASA; and an off-site tour to Minute Main Park for all Machinery and Technical Specialties attendees.

ASA hosted a series of pre-conference educational courses in Houston prior to IAC2017. The given courses were AR208 – Appraisal Review Report Writing Workshop; BV202 – Introduction to Business Valuation, Income Approach; BV204 – Advanced Topics in Business Valuation; BV401 – CEIV Course – Valuation for Financial Reporting; MD220 – Ethics and the Appraiser; ME202 – Machinery and Equipment Valuation Methodology; ME204 – Machinery and Equipment Valuation – Advanced Topics and Report Writing; PP445 – Personal Property Appraisal Report Writing Update.

The American Society of Appraisers would like to thank HeliValue$, Inc.; Knowcraft Analytics; Trugman Valuation; Business Valuation Resources; Sweeney & Bartlett; MG Valuation; Kersten’s Antiques; ASA Houston Chapter; The MTS Journal; ASA PAC; BV Review; Valuation Review; Borrowman; Veristrat, Inc.; New Orleans Auction Gallery; TagnFi; RCReports; American Business Appraisers; International President and Conference Chair Sharon A. Desfor, ASA; and the planning committee and advisors Matthew Kaufman, ASA; Juanita E. Addeo FGA GG, ASA, MGA; Paul R. Cogley, Jr., ASA; Melanie Modica, ASA, ARM-PP; Ronald E. Prat, ASA; William M. Engel, ASA; Bruce A. Johnson, ASA; Rosanne Aumiller, ASA; Jaclyn Burket, ASA; Jay E. Fishman, FASA; George Hawkins, ASA; Kevin M. Janke, ASA for all of their hard work and support. Photos from the 2017 International Appraisers Conference can be viewed here.

Save the Date! Make plans to attend the 2018 International Appraisers Conference at Anaheim, CA on October 7-10, 2018.

Thank you again to all of our sponsors for making ASA’s 2017 International Appraisers Conference a great success!

On December 3, 2017, the American Society of Appraisers had the pleasure of supporting the 7th International Forum on New Development of Valuation held in Beijing, China. Jointly sponsored by the American Society of Appraisers; China Appraisal Society; Capital University of Economics and Business; Business Value Research Center of Zhongnan University of Economics and Law (ZUEL); Economic School of Xiamen University; and the International Association of Consultants Valuators and Analysts, this event brought together more than 300 attendees from China, Japan, the United States, and Russia.

The forum generated a platform for valuation experts to present ideas on the latest development of asset valuation on an international scale. Professor, Dongxu Yao, Dean of the School of Finance and Taxation at Capital University of Economics and Business, lead the opening ceremony along with Professor Kaizhong Yang, Vice President of Capital University of Economics and Business; Guochun Zhang, Secretary General of China Appraisal Society; Chengjun Wang PhD, ASA Co-Chairman of ASA’s China Chapter Committee; and Dr. Dengqing Liu, President of Beijing Zhongqiahua Assets Appraisal Company. Together they highlighted the expansion and influence of this grand affair. The reoccurring theme of the forum was the reform, innovation, and development of China’s appraisal profession in the new era. The Chinese valuation profession has grown rapidly in the past decade and unlike other countries, China started its valuation profession in the late 1980s. With an increase of market demand and regulatory requirements, China’s valuation industry has pushed for a reform of its management, strategy, and development. Chengjun Wang PhD, ASA, Co-Chairman of ASA’s China Chapter Committee, indicated ASA’s participation in the development of China’s valuation profession since the 1980s and their promise to expand the profession in various areas. ASA members such as Sammy Lai, ASA, the Co-Chairman of ASA’s China Chapter Committee; Paul A. Bauman, ASA; and Alexander N. Lopatnikov, ASA also presented at the forum expanding on topics such as market value, fair value, and investment value.

ASA Headquarters would like to thank ASA’s China Chapter for their commitment and pursuit towards the development of the valuation industry.

For more information on upcoming ASA Chapter events visit us at ASA Online or call us at (800) 272-8258.

On November 13-15, 2017, the American Society of Appraisers participated at the Forensic and Valuation Services Conference in Las Vegas, Nevada. This three-day event, hosted by the American Institute of Certified Public Accountants (AICPA), offered astonishing sessions, first class exhibitions, and unparalleled networking opportunities. Supported by an exceptionally strong roster of speakers, this conference represented a unique platform that featured distinct perspectives of valuation and forensic accounting with additional guidance on litigation, practice management and fair value measurement. ASA was represented by Texas-based business valuation appraiser Bruce A. Johnson, ASA and ASA’s Marketing and Communications Assistant, Jennifer Aguilar.

Jennifer speaking with an attendee

Our volunteers spent most of their time addressing the need for qualified valuation professionals, the reasons why they should join ASA, and how ASA can help benefit them and their career. Many were unaware of ASA’s Professional Education Equivalency Program, a program allowing ABVs and CPAs to bypass certain accreditation requirements, and were interested in learning more. ASA also held a raffle offering a grand prize of 1 Yeti cooler and 2 Yeti mugs.

The American Society of Appraisers would like to thank our volunteers for their time and efforts for representing our society.

For more information on ASA Professional Education Equivalency Program, Visit ASA Online or call us at (800) 272 -8258.

On Tuesday, October 24, 2017, ASA’s NorCal Chapter launched its Rising Stars event in San Francisco, California. This remarkable affair took place at the University Club of San Francisco creating an ambiance of style and sophistication.

Coordinated by dedicated members of the Chapter, this occasion was driven to attract individuals from the area who were unfamiliar with the organization but were interested in learning more. This event also featured a presentation from Christine Hueber, a Linkedin expert, who discussed best practices in connecting with people on LinkedIn and how to convert those connections into sales and meetings. After the presentation, attendees enjoy sparkling cocktails and scrumptious hors d’oeuvre in a private area of the facility. The relaxed atmosphere sparked conversations amongst attendees which allowed them to meet others in the profession.

ASA would like congratulate the NorCal Chapter for their hard work in hosting this marvelous event.

For more information on upcoming chapter events, visit ASA Online or call us at (800) 272-8258.