Latest Publications

ASA’s 2016 Educational Foundation Auction Recap

Attendees Viewing and Biding on Auction Items

The American Society of Appraisers hosted ASA’s Educational Foundation Auction on Monday, September 12, 2016 from 5:30-7:00pm at the Boca Raton Resort & Club in Boca Raton, FL. This ASAEF auction, which was held under the 2016 International Appraisers Conference and Advanced Business Valuation Conference, is the Foundation’s primary source of donations to fund grants for appraisal education. Attendees got the chance to enjoy exquisite cocktails and mouthwatering hors d’oeuvres while bidding on auction items. Displayed pieces included collectibles, trips, wine, food, books, and ASA Discipline Educational classes.

Attendees unwinding and networking amongst each other

Attendees Unwinding and Networking

Throughout the evening attendees had the opportunity to network and meet others from different disciplinary areas while awaiting the results. By the end of the evening ballots came in and winners were announce on each of the auction items. This event became a huge success thanks to the donations and the contributions that were given to the Educational Foundation.

To view the photos of the Educational Foundation Auction Click Here or to view photos of the 2016 International Appraisers Conference and the Advanced Business Valuation Conference Click Here.

For more information visit ASA Online or call (800) 272-8258.

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2016 ASA Advanced Business Valuation Conference Wrap-Up

The American Society of Appraisers recently held its annual 2016 Advanced Business Valuation Conference on September 11-14, 2016 in Boca Raton, Florida at the Boca Raton Resort & Club. BV presented the most comprehensive Business Valuation educational programing available, taught by the world’s top Business Valuation professionals. This three-day conference 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 2016 Advanced BV Conference was held in conjunction with ASA’s 2016 International Appraisers Conference, which allowed a unique opportunity for attendees to expand their global professional network and interact with attendees and exhibitors. BV’16 kicked off Sunday night with the Welcome Reception, allowing attendees to chat and network amongst each other.

Monday's Keynote Presentation by Bernard Baumohl

Monday’s Keynote Presentation by Bernard Baumohl

The conference began Monday morning with opening remarks and introductions made by ASA’s Chief Executive Officer Jim Hirt and Region 2 Governor, Mike Pratt, ASA. ASA’s International President, Susan Golashovsky, ASA, had the pleasure in welcoming honored guests, organizers, sponsors, and exhibitors that attended this year’s conference. The morning continued with knowledgeable speaker, Bernard Baumohl, as this year’s keynote speaker. Using real-world examples and stories, Mr. Baumohl illuminated every U.S. and foreign indicator that matters to appraisers. With his energetic delivery and personal observations, attendees received excellent insight that kicked off the start of breakout sessions.

The first round of sessions included enhanced multiple corporate valuation model by Rajiv Gokhale; public company valuation credential by William Johnston, ASA, Nancy Czaplinksi, ASA, and Michael DeLuke; valuing government contractors by Kimberly Randolph, ASA; insights & applications from investment banking by Michael Poole; and supporting clients through the audit of fair value measurement and disclosure by Martin Mazin. Monday afternoon consisted of 5 sessions discussing the absurdity of CAPM, value allocations in complex capital, new developments in cost of capital, the valuation of complex FLPs, and professional standards & regulatory update. These presentations were taught by Pablo Fernandez; Charles Higgins; Roger Grabowski, FASA; Bruce Johnson, ASA; Drew Dorweiler, AM; and Adam Smith, ASA.

Attendees Biding On Auction Items

Attendees Biding On Auction Items

The Educational Foundation Auction and President’s Networking Reception followed Monday’s educational classes in the evening. The silent auction was a huge success, thanks to the donations being given to the Educational Foundation, which included collectables, trips, wine, food, books, and classes. The auction and President’s Networking Reception concluded the first full day of the conference. Photos from the Educational Foundation Auction can be viewed here.

Tuesday began bright and early with The End of Valuation Discounts? IRS’s Proposed Section 2704 Rules by William Frazier, ASA and John Russell as well as ASA’s first ever Multi- Discipline Mock Trail taught by Peter Gladstone, Roger Durkin, FASA, Gary Trugman, ASA, Jack Beckwith, ASA, Charles Rosoff, ASA, William Wilson III, FASA, and David Wolf, ASA, MGA. Educational sessions followed soon after with topics ranging from adjusting leverages, what appraisers need to know before rendering a fair opinion, and the usage of statistics to quantify lost profit being presented by Pablo Fernandez; Sean Wee; and Michael Crain and Bill Kennedy.

Attendees Listening to Presentations at IAC/BV

Attendees Listening to Presentations at IAC/BV

After the Business Valuation Committee Update and lunch, more thought provoking sessions took place. These sessions included the variable WACC/Capital structure framework by John Taylor, ASA and Yuka Itami; valuation of customer related intangibles by PJ Patel, ASA; state private capital markets by Craig Everett; patent litigation by Robert Schweihs, ASA; the valuation of cannabis related entities and intellectual property rights by Ronald Seigneur, ASA; the impact of economic environment on business performance by Ashok Abbott; contingent consideration by Daniel Kahn; and the risks and rewards of using controlled premiums under the new MPAP guidance by Eric Nath, ASA. Tuesday evening, held the Women’s Networking Reception and ASA’s Rising Starts event. These receptions gave attendees the opportunity to meet and network with prominent women across all of ASA’s appraisal disciplines as well network with growing professionals in the appraisal industry.

Wednesday was the last day of the conference and included 9 educational sessions taught by 10 experts in the field. Topics of discussion included valuation of shares by Gilbert Matthews; in search of value by John Finnerty; common flaws in BV reports by Arlene Ashcraft, ASA and Trey Stevens, ASA; when an option is not an option by Robert Schweihs, ASA; valuing foreign acquisitions by Neil Beaton, ASA; incorporating S Corp research by Nancy Fannon, ASA; valuing sports franchises by Drew Dorweiler, AM; how to effectively review an appraisal report by Timothy Lee, ASA; and private equity/venture capital valuation practice guide by Raymond Rath, 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 three BV pre-conference educational courses in Boca Raton including a US015-BV – 15-Hour Uniform Standards for Professional Appraisal Practice (USPAP) for Business Valuation; BV202-OOO – Introduction to Business Valuation, Income Approach; BV204-OOO – Advanced Topics in Business Valuation; BV301-OOO – Valuation of Intangible Assets.

Appraisal Builder Pro. Was One of the Many Exhibitors at IAC/BV

Appraisal Builder Pro. Was One of the Many Exhibitors at IAC/BV

The American Society of Appraisers would like to thank HeliValue$, Inc.; Business Valuation Review; Sweeney & Bartlett; Crown of Light; Kersten’s Antiques; The M&TS Journal; Real Property E-Journal; Borrowman Baker LLC; NARMCO; GF Data; TagnFi; Cupitor; Appraisal Builder Pro; ASA PAC; International President and Conference Chair Susan Golashovsky, ASA; and the planning committee and advisors Matthew Kaufman, ASA; Gary Trugman, ASA; Juanita Addeo, ASA; Paul R. Cogley JR., ASA; Tom Simatos, ASA; Ronald Prat, ASA; and William Engel, ASA for all of their hard work and support. Photos from the 2016 Advanced Business Valuation Conference can be viewed here.

Save the Date! Make plans to attend the 2017 Advanced Business Valuation Conference at Houston, TX on October 7-10, 2017.

Thank you again to all of our sponsors for making ASA’s 2016 Advanced Business Valuation Conference a great success!

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2016 ASA International Appraisers Conference Wrap-Up

The American Society of Appraisers recently held its annual 2016 International Appraisers Conference on September 11-14, 2016 in Boca Raton, Florida at the Boca Raton Resort & Club. 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’16 kicked off Sunday night with the Welcome Reception, allowing attendees to chat and network amongst each other.

Susan Golashovsky, ASA International President & Conference Chair, welcoming attendees to IAC & BV

Susan Golashovsky, ASA International President & Conference Chair, welcoming attendees to IAC & BV

On Monday, September 12, ASA’s Chief Executive Officer Jim Hirt and ASA’s Region 2 Governor, Mike Pratt, ASA kicked off the joint conferences. ASA’s International President, Susan Golashovsky, ASA had the pleasure in welcoming honored guests, organizers, sponsors, and exhibitors that attended this year’s conference. The morning continued with knowledgeable speaker, Bernard Baumohl, as this year’s keynote speaker. Using real-world examples and stories, Mr. Baumohl illuminated every U.S. and foreign indicator that matters to appraisers. With his energetic delivery and personal observations, attendees received excellent insight to begin the day.

The first round of sessions included presentations on the evolution of the crown of light diamond by Tammy Cohen; the 600 MHzSpectrum auction by David H. Cole, ASA; navigation of legal and ethical issues by Jeffrey W. Brend, ASA and Lela Hersh, ASA; valuation methods for Ad Valorem by Lisa A. Hobart, ASA; and the best technical practices for completing business valuations by Raymond Rath, ASA. Educational sessions continued into the afternoon with topics on equipment values, perspective on vehicles, perspective on appraisal review, and continuations on the evolution of diamonds, and valuations on ad valorem being taught by Carl C. Chrappa, ASA, Edith Yeomans, FASA, Paul Golubovs, ASA, Tammy Cohn, and Lisa A. Hobart, ASA.

From Left to Right: Jan Marek, ASA and Susan Golashovsky, ASA

From Left to Right: Jan Marek, ASA and Susan Golashovsky, ASA

Lunch and the International Awards Presentation followed these education sessions. During the Awards Presentation, ASA members, volunteers, chapters, and staff were recognized and honored for their hard work and accomplishments throughout the year. Jan Marek, ASA won the Jerry F. Larkins Award in recognition of his exceptional volunteer service to and support of ASA, its members, its staff and the appraisal profession. Cinthia Giannakos of ASA headquarters staff won the Sylvia Wade Olson Award in recognition for her outstanding dedication and commitment to ASA and invaluable service to the appraisal profession. Chapter award winners included the Chicago Chapter for Best Outreach Program, the Europe Chapter for the Best Professional Education Program, Paul Roberts, ASA of the Northern New Jersey Chapter for Chapter Member of the Year, and the NorCal Chapter for Outstanding Chapter of the Year. To view list of winners, click here.

After lunch sessions highlighted topics on grading and evaluating diamonds by Elena Deljanin; keys to defensible reports by Richard Conti, ASA; diminution value panel by Deane Fehrman, FASA, James Polk, ASA , and Charles Rosoff, ASA; and the evolution of measurement standards by Ernest Demba, FASA. The remaining individual disciplinary sessions of the day included the international watch market by Scott Heisler, valuation of inventory by David Briguglio, AM, Cuba today by Patrick Ela, ASA and Tom Simatos, ASA, USPAP and litigation by Jay Fishman, FASA, and the continuation of the evolution of measurement standards by Ernest Demba, FASA. The last session of the day involved all disciplines, discussing the two most common standards of value which members in the appraisal profession are called upon to opine that was led by Richard Wise, FASA and Gilbert Matthews.

Attendees Networking During the President's Networking Reception

Attendees Networking During the President’s Networking Reception

The Educational Foundation Auction and President’s Networking Reception followed Monday’s educational classes in the evening. The silent auction was an enormous success, thanks to the donations being given to the Educational Foundation, which included collectables, trips, wine, food, books, and classes. The auction and President’s Networking Reception concluded the first full day of the conference. Photos from the Educational Foundation Auction can be viewed here.

Tuesday was jammed packed with over 16 education sessions from more than 30 knowledgeable speakers teaching in the areas of Gems & Jewelry, Machinery & Technical Specialties, Person Property, Real Property, and Appraisal Review and Management. ASA took a different approach for the second keynote presentation by offering its first ever Multi- Discipline Mock Trail being taught by Peter Gladstone, Roger Durkin, FASA, Gary Trugman, ASA, Jack Beckwith, ASA, Charles Rosoff, ASA, William Wilson III, FASA, and David Wolf, ASA, MGA. Educational sessions followed soon after with topics ranging from the valuation of surgical centers by Doug Krieser, ASA, the overview of vintage travel trailer market by James Polk, ASA, the appraisal of golf courses by Lawrence Golicz, ASA, how to become an expert Gems and Jewelry witness by Peter Gladstone, and the appraiser as the witness from the courts perspective by Roger Durkin, FASA. Presentations continued on areas in gem mining, marketing, art, and appraisal issues by Sheahan Stephen; Mellanie Barlett and Debby Sweeney; David Eldridge, ASA, Leslie Fordham, and Tin Ly; and Terry Taylor.

Attendees Hard At Work During the Sessions

Attendees Working Hard At IAC

Tuesday afternoon included the art in public places offsite tour which was open to all personal property appraisers. The tour featured several iconic art pieces around Broward County such as stainless steel sculptures, terrazzo artworks, and paintings. The remaining disciplines continued with extraordinary presentations on the ethical approach to handling your customers by Melinda Adducci; social networking by Garrett Schwartz, ASA and Jack Young, ASA; and Covering your Assets with a support work file by Barbara Minyard. Concluding sessions of the day featured ‘auction’ is it the best way? by Joseph DuMouchelle; analyzing depreciation by Joao Mynarski, ASA; Auditability verses Reviewability by George Dell, ASA; and the continuation of the covering your Assets with a support work file by Barbara Minyard.

The Women’s Networking Reception and ASA’s Rising Starts 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.

Captivating Topics Being Presented at IAC

Captivating Topics Being Presented at IAC

Wednesday was the last day of the conference and consisted of over 10 educational sessions ranging from the masterpieces and inspirations of Gianmaria Buccellati by Larry French; the appraisal of firearms by Joseph Cornell, ASA; the language of a compliance consultant by Cheryl Bella and Ralph Griffin; the appraisal review in the banking and finance industry by Paul Cogley Jr., ASA; pearls by Eric Fritz and Claire Mitchell; business development by David Kinney, ASA; appraisals in a paperless office by Matt Kaufman, ASA and Jack Young, ASA; historic renovations of artwork by Paul Benson; and Miami-Dade county property appraiser’s office by Pedro Garcia and Lazaro Solis.

ASA hosted a series of pre-conference educational courses in Boca Raton prior to IAC2016. The given courses were BV202-OOO – Introduction to Business Valuation, Income Approach; BV204-OOO – Advanced Topics in Business Valuation; BV301-OOO – Valuation of Intangible Assets; ME202-OOO – Machinery and Equipment Valuation Methodology; ME204-OOO – Machinery and Equipment Valuation – Advanced Topics and Report Writing; US015-BV – 15-Hour Uniform Standards for Professional Appraisal Practice (USPAP) for Business Valuation; USP007-OPP – 7-Hour USPAP for Personal Property, Gems & Jewelry and Machinery & Technical Specialties; GJ207-OOO – Identification of Jade Treatments and Imitations, Quality and Value of Jade.

Cupitor Was One of the Many Exhibitors at IAC

Cupitor Was One of the Many Exhibitors at IAC

The American Society of Appraisers would like to thank HeliValue$, Inc.; Business Valuation Review; Sweeney & Bartlett; Crown of Light; Kersten’s Antiques; The M&TS Journal; Real Property E-Journal; Borrowman Baker LLC; NARMCO; GF Data; TagnFi; Cupitor; Appraisal Builder Pro; ASA PAC; International President and Conference Chair Susan Golashovsky, ASA; and the planning committee and advisors Matthew Kaufman, ASA; Gary Trugman, ASA; Juanita Addeo, ASA; Paul R. Cogley JR., ASA; Tom Simatos, ASA; Ronald Prat, ASA; and William Engel, ASA for all of their hard work and support. Photos from the 2016 International Appraisers Conference can be viewed here.

Save the Date! Make plans to attend the 2017 International Appraisers Conference at Houston, TX on October 7-10, 2017.

Thank you again to all of our sponsors for making ASA’s 2016 International Appraisers Conference a great success!

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ASA’s Indiana Chapter Fall Panel Program Preview

6x4-photoASA’s Indiana Chapter is delighted to announce the offering of the Fall Panel Program for all Midwest Appraisers in Business Valuation, Machinery & Equipment, Real Property and Personal Property being held on Thursday, September 29, 2016 at the Meridian Hills Country Club. This panel is complimentary to all ASA members and is open to all non-members, at a small price, from 4pm-6pm eastern time. In this session, Stanley J. LaBuz, an Indianapolis IRS Appeals Officer, and Brett Miller, a tax attorney for Bingham Greenebaum Doll LLP, will discuss the tax ramifications of charitable gifts. 4x6-moneyLaBuz plays a key role in the program by giving IRS point of view on the matter while Miller focuses on both federal and state tax law engagements. In that capacity, both are responsible for representing the Internal Revenue Service before the United States Tax Court and other state and federal courts. Appraisal Panel members also include Christopher Hirschfeld, ASA, Senior Manager, Somerset Financial, ASA President, Indiana and Robert Schlegel, FASA, Houlihan Valuation, ASA International President Emeritus.

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

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2016 IAAO Recap

captureOn August 28-31, 2016, the American Society of Appraisers participated at the 82st Annual Conference on Assessment Administration in Tampa, Florida. This three-day event, hosted by the International Association of Assessing Officers (IAAO), brought over 1,200 administrators and decisions makers from across the world in order to give an extraordinary experience. This conference offered eight in-depth educational tracks which included Commercial, Residential, Legal and Legislative, Management and Professional Development, Technology Trends and Tools, Special Issues, and Education in Action and Mass Appraisal. ASA was fortunate enough to be represented by skilled real property appraisers Mike Pratt, ASA and Ronald Prat, ASA.

Left: Real Property Appraiser Mike Pratt. Right: Real Property Appraiser Ronald Prat

Left: Real Property Appraiser Mike Pratt. Right: Real Property Appraiser Ronald Prat

ASA’s booth generated a tremendous amount of traffic and interest in the society’s Ad Valorem/Mass Appraisal specialty designations. Mike and Ronald gave way ASA handouts/brochures and promotional items, and informed attendees about the Society’s Real Property Discipline’s educational and accreditation programs. The purpose in attending this event was to promote the Society’s Ad Valorem/Mass Appraisal designation program and the reciprocity with other private professional organizations in an effort to bolster membership.

For more information about Ad Valorem/Mass Appraisal specialty designations, visit ASA online, call (800) 272-8258.

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Spotlight on ASA’s New York City Chapter Rising Stars Event Recap

Editor’s Note: ASA’s New York City Chapter hosted an ASA Rising Stars Networking Event on Thursday, September 15, 2016 at the Connolly’s Pub in New York, NY. This event offered networking opportunities and a live broadcast of the Buffalo Bills vs. New York Jets football game. We got the opportunity to speak with Nicholas Tzoumas, ASA from Marshall & Stevens, Incorporated, one of the events’ hosts, to get the full scoop.

Why did your chapter create this event?new-chapter
This idea was driven by National’s initiative to attract a younger membership to the local chapters as well as the organization as a whole. Our goal was to reach out and connect with individuals who are ASA member as well as individuals who may not be as familiar with the organization but are interested in learning more in an informal setting. We thought that this was a great way of introducing them to the organization and showing them what we are doing in the New York City Chapter.

Can you give us a brief summary?
The event was setup cocktail style with high-top tables, open floorplans in a private area of the pub. We offered typical food served at a football game watch including mozzarella sticks, chicken wings, chicken fingers, etc. Everyone wore a name badge and networked with each other through the duration (even after) the event.  Other New York City Chapter officers and I tried to facilitate as many conversations as possible but in reality the room seemed to be flowing the entire evening without us getting involved.

Are you able to say that you hit the demographic you were hoping for?
I am very happy to say that we definitely reached our target audience. Looking at our attendance list about half were not part of the ASA organization and those who were members about 30 percent did not have the designation. It ranged from all ages but I would say about 90 percent were under the age of 40. This was by far one of the best attended events in recent years for the New York City Chapter.

 

Connolly's Pub & Restaurant on 14 E 47th St, New York, NY.

Connolly’s Pub & Restaurant on 14 E 47th St, New York, NY.

Does your chapter plan on hosting these types of events in the near future?
We are certainly planning to host one Rising Stars event a year. From the feedback we received from our attendees, they liked the idea of not having an educational component. They enjoyed the relaxed and casual atmosphere which they felt allowed them to meet other people in the profession. In the future we hope to hold this type of event in the beginning and towards the end of the year.

ASA congratulates the New York City Chapter for their hard work in hosting this marvelous event. For more information on upcoming events visit ASA Online or call us at (800) 272-8258.

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ASA to Provide Onsite Training for DLL Financial Services in the Netherlands

captureThe American Society of Appraisers is set to provide the first half of the Society’s popular Principles of Valuation four course series onsite for DLL Financial Services on November 7-12, 2016 in Eindhoven, Netherlands.

ME201-OOO – Introduction to Machinery and Equipment Valuation, is an introduction to appraisal terminology and concepts providing students with a solid foundation in appraisal of machinery and equipment. This course covers machinery and equipment appraisal terminology; functions and purposes of appraisals; introduction of the three approaches to value; depreciation and factors affecting depreciation; field inspection techniques and safety; introduction to the issues of indexes in machinery and equipment appraising; basic pricing exercises for current and obsolete assets; and ethics and professional standards.

ME202-OOO – Machinery and Equipment Valuation Methodology, explores in depth the ideas introduced in ME201 and provides students with a better understanding of the types of value commonly used in the appraisal of machinery and equipment. This course addresses the issues of price vs. value, indirect costs, use of and development of indexes, age-life concepts, recommended rounding of figures, types of values for machinery and equipment appraisals, reproduction cost new, replacement cost new, replacement cost depreciated, fair market value in use, orderly liquidation value, forced liquidation value and supporting conclusions for various purposes.

DLL Financial Services Headquarters Building

DLL Financial Services Headquarters Building

The two classes are expected to draw students from not only the Netherlands, but also from other countries like Australia, Brazil, Germany, Sweden and the United Kingdom. Instruction will be provided by Richard A. Berkemeier, ASA. Mr. Berkemeier, who serves as the Society’s Machinery & Equipment Discipline Education Chair, is an independent senior asset management professional offering more than 20 years of appraisal experience within the capital markets, including risk management, inventory assessment, appraisal review, liquidation expertise, debtor-in-possession financing and collateral management.

The ASA Philadelphia Chapter is co-sponsoring with DLL on these course offerings. Tuition is $2,400 USD ($1,200 USD/per course), which includes all course materials and can be paid online with a major credit card or by PayPal through the Philadelphia Chapter website. If you have any questions, please contact Richard Jordan, ASA, 610-386-3421 or at rjordan@leasedirect.com.

DLL Financial Services is a global provider of asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Automotive, Transportation, Construction, Industrial and Office Technology industries. DLL collaborates with equipment manufacturers, dealers and distributors in more than 35 countries. Offerings include vendor finance, commercial finance, life cycle asset management, consumer finance, leasing and factoring. DLL is a wholly owned subsidiary of Rabobank Group.

For more information about ASA’s Onsite Course Program, visit ASA online, call +1 (703) 478-2228 or e-mail, asainfo@appraisers.org.

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Spotlight on New Aircraft Appraisal Education Program

Editor’s Note: Embry-Riddle Aeronautical University (ERAU) has signed an agreement with the American Society of Appraisers (ASA) to be the sole provider for three years of required coursework for professional aircraft appraisers to apply for worldwide accreditation. As part of the agreement, Embry-Riddle will develop and update four courses in coordination with ASA materials, composed of 30 hours. Starting off the course series is the Introduction to Machinery and Equipment Valuation (Aviation Specific) to be held on Thursday, October 27-Sunday, October 30, 2016 at Embry-Riddle Aeronautical University Campus in Daytona Beach, FL. ASA sat down with Dr. Michael Williams, Dr. Sunder Raghavan, ASA, Dr. Vitaly Guzhva, ASA, David Crick, ASA, and Richard Berkemeier, ASA to get the inside scoop.

Entrance of Embry-Riddle

Entrance of Embry-Riddle

What are your thoughts on the ASA/Embry-Riddle education program being held on the campus of Embry-Riddle?
Dr. Michael Williams: Aerospace is a very complex industry that requires both the practical and theoretical aspects. Fortunately for us our faculty, through the training of ASA, are able to bring these two criteria together to help our academic efforts. Partnering with ASA, who hold outstanding instructors assisting us, is the perfect thing to do.

What does Embry-Riddle bring to the table in terms of appraisal education?
Dr. Sunder Raghavan, ASA: Embry-Riddle is ranked number one in aviation aerospace. The idea of having this course in an educational institution, which has access to flight lines, helps students gain practical experience. Students will be able to explore the aircraft, examine them, and gain a sense on how to appraise it. Embry-Riddle has a great flight department that organizes tours for students when they first enter into the program. This gives their education value by not only giving them a physical idea on how to approach an appraisal but also a practical sense on what the aircraft are.

Embry-Riddle aircraft

Embry-Riddle Aircraft

What can students expect when taking this Embry-Riddle course (Introduction to Machinery and Equipment Valuation- Aviation Specific) and what can students expect for future Embry-Riddle courses?
Dr. Vitaly Guzhva, ASA: This is an introductory course that shows you the basics of aircraft appraisals. Our expectations are to give students a combined academic and practical approach in each of our courses. Student will be able to look forward to a variety of guest speakers related to aircraft appraisals as well as field trips on and off campus.

Are the ASA/Embry-Riddle classes respected globally?
David Crick, ASA: A number of students have been involved with Embry-Riddle prior to this program. The cross section of international students is mandatory for this industry because there is a significant portion of aviation assets that are located around the world. It is important to have international appraisers that are outside of the United States that understand the methodology and the process of appraising aircraft. By having both ASA’s and Embry-Riddle’s methodologies, it allows appraisers to expand on different areas rather than being limited to what they know.

75x100-dimond

Inside of Embry-Riddle Aircraft

As ASA’s Machinery and Technical Specialties education chair, instructor, and course developer how is the program going?
Richard Berkemeier, ASA: ASA has taught these courses with Embry-Riddle from around the globe including Europe, Australia and the United States. The program is recognized as the gold standard for aircraft appraisal education that hold the best and the brightest. Students include banks, leasing companies, insurance companies, appraisal firms, and Embry-Riddle students. Not only is this a world class appraisal education with a global student body, it sets the gold standard for Appraisal Education. Great instructors, speakers, facility, tours are all on the Daytona Beach Embry Riddle Campus.

More exciting and informative sessions are offered at Embry-Riddle throughout the year. Jeffrey Dunn will give you an up close and intimate view of the industry from a banking perspective with the Ups and Downs of Business Aviation. Paul Cardarelli will speak on the state of the aviation market as observed by JETNET iQ.

The American Society of Appraisers would like to thank all those who have contributed to these growing programs and to the advanced of aviation education.


Michael Williams Professor of Management and Dean, College of Business

Dr. Michael Williams, Dean of College of Business

 

Dr. Michael Williams is Dean of the College of Business and Professor of Information Systems at Embry-Riddle.  He has a PhD in Computer Technology and is a certificated Airframe and Powerplant (A&P) technician.  His academic areas of expertise include information systems, radio frequency identification (RFID), electronic commerce, intermodal transportation and aviation maintenance management.

 


 

Sunder Raghavan Master's Program Coordinator Aviation Finance

Dr. Sunder Raghavan, Master’s Program Coordinator Aviation Finance

Dr. Sunder Raghavan, ASA started his career by receiving his PhD at Washington State University in Finance and Economics. He later joined Embry-Riddle 15 years ago focusing his research on airline mergers & acquisitions and aircraft leasing. He is currently a Seno Professor of Finance and Master of Science in Aviation Finance (MSAF program coordinator. In collaboration with the International Society of Transport Aircraft Trading (ISTAT), whose members are involved in operating, manufacturing, maintaining, selling, purchasing, financing, leasing, appraising, insuring or other activities related to the commercial aviation sector, he has been expanding the aviation finance and leasing programs.

 


Dr. Vitaly Guzhva, Professor of Finance

Dr. Vitaly Guzhva,
Professor of Finance

 

Dr. Vitaly Guzhva, ASA is a Professor of Finance at Embry-Riddle Aeronautical University.  As a corporate pilot, researcher, and educator Dr. Guzhva has over 20 years of experience in aviation, including providing opinions of value for aircraft and components of aviation infrastructure.

 


David Crick, ASA, Machinery & Technical Specialties Appraiser

David Crick, ASA, Machinery & Technical Specialties Appraiser

 

David Crick, ASA has over 20 years of specialized valuation experience in many different sectors with considerable knowledge of corporate valuation requirements for mortgage security assessments, litigation support & liquidation disposals, which he regularly uses for fixed-wing and rotary-wing aircraft valuations in many different international jurisdictions.

 


OLYMPUS DIGITAL CAMERA

Richard Berkemeier, ASA, Machinery & Technical Specialties

 

Richard Berkemeier, ASA is a senior asset management professional offering more than 20 years of appraisal experience within the capital markets, including risk management, inventory assessment, appraisal review, liquidation expertise, debtor-in-possession financing, and collateral management.

 


 

Jeffrey Dunn Vice President, Asset Management – Corporate Aircraft at Citizen Asset Finance

Jeffrey Dunn
Vice President, Asset Management – Corporate Aircraft at Citizen Asset Finance

Jeffrey Dunn has over 16 years of experience in the aviation industry and currently serves as Vice President of Asset Management/Aircraft for Citizens Asset Finance. Jeff began his aviation career in the United States Air Force (1999-2008) where he worked as a jet engine depot-level mechanic on Pratt and Whitney TF33-P-5/P-7 engines (RC-135 aircraft) and General Electric F110-GE-100 engines (F-16 aircraft).  After being honorably discharged in 2008, Jeff gained his Airframe and Powerplant rating from the Federal Aviation Administration and worked as an aircraft mechanic at J.A. Air Center for 2 years (2008-2010).

 


 

Paul Cardarelli, Vice President of Sales at JETNET

Paul Cardarelli, Vice President of Sales at JETNET

Paul Cardarelli is part of the very foundation that built and supports JETNET.  He has been with the company from its inception in 1988 when he began his career working in the Research Department.  There he gained his knowledge of the business aircraft sales trade and the market in which occurs.  In 1994 he was promoted to Sales Director, and today manages a staff of thirteen with responsibility for all JETNET subscription sales worldwide.

 


For more information about the ASA/Embry-Riddle aircraft appraisal education program, visit ASA online, call (800) 272-8258 or e-mail asainfo@appraisers.org.

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Exclusive IAC Session Preview— Arts in Public Places Tour

"Fort Lauderdale Airport Sculpture" by David Lee Brown

“Fort Lauderdale Airport Sculpture” by David Lee Brown

ASA is thrilled to announce the offering of the Arts in Public Places tour being held on Tuesday, September 13, 2016 at Fort Lauderdale-Hollywood International Airport. In this session, each student will learn the project sequence, guidelines, the selection process, installation, maintenance and deaccessioning of the art being displayed under Broward County’s Public Art & Design Program. This tour is complimentary to all registered students and will be held from 2pm-6pm eastern time.

"Vendor with Walkman" by Duane Hanson

“Vendor with Walkman” by Duane Hanson

As an iconic location for displaying art, Fort Lauderdale-Hollywood International Airport has been a prime example on the efforts of the enhancement of urban design. Three out of the 54 artworks that are being displayed have received awards from the American for the Arts under the Public Art category in the United States. The airport holds a variety of art collection such as stainless steel sculptures, terrazzo artworks, paintings, and several other pieces. One of the most notable art pieces comes from Duane Hanson, who specialized in lifelike sculptures. Many tourist and residents of Broward County have agreed that the program has helped improved the visual environment of art and has become a stepping stone for others to follow.

"Colors and Forms in Flight" by Dorothy Gillespie

“Colors and Forms in Flight” by Dorothy Gillespie

This session and offsite tour is taking place under the International Appraisers Conference, in conjunction with the Advanced Business Valuation Conference, at Boca Raton Resort & Club. To register or to learn more visit ASA Online or call (800) 272-8258.

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ASA Department Profile Series: Education

ALL Staff

(Left to Right) ASA’s Education Team: Cinthia Giannakos, Stephanie Paratore, Samantha Jones and Nathaly Alcocer

The American Society of Appraisers (ASA) is recognized and respected for being a global leader of multidiscipline education for the appraisal profession. ASA is leading the way in delivering professional valuation education through innovative eLearning platforms. ASA offers its education through interactive webinars led by the professions best instructors. New OnDemand courses that are globally accessible anywhere and anytime are continually being added to our lineup of education offerings as well as classroom courses domestically in the United States and in many countries around the world.

Charged with the implementation and management of the numerous logistics impacting these efforts is ASA’s HQ Education Team. Last year alone, these dedicated education staff members supported over 100 classes and serviced the professional development needs of more than 4,300 professionals. The department also works closely with discipline and local chapter representatives, course developers, ASA’s pool of esteemed instructors and presenters, external consultants and servicing vendors.

The HQ education team is currently comprised of four people: Nathaly Alcocer, Cinthia Giannakos, Samantha Jones and Stephanie Paratore:

Nathaly Alcocer reviewing course documentation

Nathaly Alcocer reviewing course documentation

Nathaly Alcocer, eLearning Assistant, is responsible for assisting with ASA’s eLearning course administration and supporting all students and faculty participating in ASA’s OnDemand offerings and webinar programs. She has been with ASA for two years. Nathaly’s extensive customer service background, bi-lingual Spanish language skills and over 10 years of work experience enable her to respond quickly to member inquiries or support requests. Prior to ASA, Nathaly held positions with several companies, most notably the American Academy of Audiology and State Farm Insurance. Nathaly may be reached at (703) 733-2101 or nalcocer@appraisers.org.

 

Cinthia Giannakos assisting registrant at ASA’s International Appraisers Conference

Cinthia Giannakos assisting registrant at ASA’s International Appraisers Conference

Cinthia Giannakos, Senior Manager, eLearning, is responsible for ASA’s online and distance learning program development to include webinar and virtual offerings. She has been with ASA for three years. Cinthia’s educational background, technical expertise and 10 years of work experience enable her to utilize the latest technology solutions in her role. She has a Bachelor of Science degree in Communications with a concentration in Creative Advertising from Virginia Commonwealth University, and is also currently pursuing an additional degree in Web Design and Interactive Media from The Art Institute of Washington. Prior to ASA, Cinthia worked as an eLearning program manager for the American Industrial Hygiene Association. Cinthia may be reached at (703) 733-2106 or cgiannakos@appraisers.org.

Samantha Jones outlining upcoming course deliverables and deadlines

Samantha Jones outlining upcoming course deliverables and deadlines

Samantha Jones, Education Assistant, manages all contracted domestic and international education and handles all logistics before, during and after the course(s). Samantha supports students and faculty, prepares client invoices and inputs student information into ASA database. She also handles retakes and challenges for all ASA courses and manages ASA’s University Partner Program. She has been with ASA just over a year. Samantha’s educational experience, attention to detail and eight years of work experience provide her with a valuable skill set crucial to her role. She has a Bachelor of Arts degree in Spanish and International Studies from Kenyon College, a Master of Science degree in Fashion Apparel Manufacturing with a concentration in Advanced Apparel Manufacturing from Philadelphia University. Prior to ASA, Samantha held both service and operational positions for organizations and institutions like Philadelphia University, Fairfax County Public Schools and several notable greater New York metro Garment Manufacturers. Samantha may be reached at (703) 733-2107 or sjones@appraisers.org.

Stephanie Paratore confirming instructor availability and schedule

Stephanie Paratore confirming instructor availability and schedule

Stephanie Paratore, Senior Manager, Education Programs, manages ASA’s Principles of Valuation (POV) courses, handles logistics for pre-, during, and post-POV courses, manages chapter education courses including correspondence, logistics, course materials and invoicing and maintains ASA’s database with updated course dates, cancellations, instructors and pricing. She has been with ASA for over a decade. Stephanie’s tenure, along with her educational background and 11 years of work experience provide her with valuable insight into key education-related components of ASA’s management systems. She has a Bachelors degree in Health Science with a minor degree in Business Administration from George Mason University. Prior to ASA, Stephanie worked for the American String Teachers Association as an office assistant and the National Association of Health Underwriters as an assistant manager of education. Stephanie may be reached at (703) 733-2137 or sparatore@appraisers.org.

Together, these four individuals work to ensure an enriching educational experience for members and other allied professionals.

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