Latest Publications

ASA International Virtual Chapter Event Recap

Central University of Finance and Economics Beijing Campus

Central University of Finance and Economics Beijing Campus

On December 3, 2016, ASA’s International Virtual Chapter’s President, Blake J. Runckel, ASA, presented at the International Forum on New Development of Assets Valuation in Beijing, China. Organized by the School of Public Finance and Taxation at the Central University of Finance and Economics, this year’s forum held five sessions discussing topics on the new economic situation and government reform measures, the breakthrough of the dilemma of assets valuation industry, the role that assets valuation plays in economic development of capital market, and the expansion of new business and field of assets valuation. Mr. Runckel’s presentation on the Enhanced Multiple, developed by Bradford Cornell and Rajiv Gokhale, gave profound insight that attendees enjoyed.

For more information regarding the International Virtual Chapter visit ASA online.

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IVSC AFWG Committee Visits Washington, D.C.

Jack Beckwith, ASA

Jack Beckwith, ASA

Jack Beckwith, ASA represented ASA at the 2017 International Valuation Standards Council (IVSC) AFGW event this month in Washington D.C. Mr. Beckwith, along with other representatives from valuation professional organizations met to discuss the publication of the International Valuation Standards.

ASA has adopted the new 2017 Edition and fellow ASA Members will be able to download the 2017 Edition through the ASA link at no charge. Changes to the original IVS version adds Standards IVS 300 which is applicable to the Machinery and Technical Specialties Discipline, as well as the development of Standards contributable to the IVS 101 Scope of Work, IVS 104 Basis of Value, and IVS 105 Valuation Approaches; the development of governance and organizational structure; the establishment of an internet website that allows for 72 AFWG DC Meeting 2.14.17internal and external communication and development of the IVSs; the International notoriety among valuation profession stakeholders; and the adoption of IVSs worldwide by various VPOs. With these new standards in place, this will further help facilitate the primary objectives of ASA on an International scale.

For more information regarding the new standards, visit ASA online.

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The American Gem Trade Association GemFair Conference Recap

72 AGTA LogoTuesday, January 31-Sunday, February 5, 2017, the American Society of Appraisers participated in the 2017 American Gem Trade Association Gem Fair and Conference in Tucson, Arizona. This year’s conference focused on the rise of silicosis and the health concerns within the colored gemstone industry.

Special attractions and extraordinary seminars were presented throughout the conference from prominent leaders of the industry. Topics included Sourcing of Pink Diamonds, Appraisal Forum, Digital Design Tricks for Gemstones, Proof of Provenance, Techniques for Small Scale Productions, One Hundred Years if Cultured Pearls, Secrets of the Gem Trade, International Property Law for Jewelers, 72 Boothalong with several others. The collection of this year’s AGTA Spectrum award winners were displayed and guests were given the opportunity to vote for the last spectrum award of the year. After a full day of lectures, attendees unwound and networked during receptions and cocktail hours.

ASA-GJ sponsored a booth at the conference, manned by 14 ASA members.  ASA’s CEO, Jim Hirt payed a visit to the ASA Booth. The booth was organized by Marti Hubbard, ASA, MGA and Theresa Brossmer, ASA, MGA, ARM-GJ, whose commitment and leadership has furthered ASA recognition in the gems and jewelry industry.   Interest in ASA Membership was driven by high interest in the 9th edition of the Jewelry Appraisal Handbook offered for sale in the ASA booth.  All representatives with knowledge and understanding of the society, have played a key role in the efforts of ASA. “Volunteering for ASA takes on a realm of understanding and participation on a broad scale. It behooves every member to play a part” — Juanita Addeo, FGA, GG, ASA, MGA.

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(Left to Right): Mary B. Reich, ASA, MGA; ASA CEO, Jim Hirt, CAE; Theresa Brossmer, ASA, MGA, ARM-GJ

ASA would like to thank ASA CEO, Jim Hirt, CAE; Marti Hubbard, ASA, MGA; Theresa Brossmer, ASA, MGA, ARM-GJ; Juanita Addeo, FGA, GG, ASA, MGA; Carole C. Richbourg, ASA, MGA; Duane W. Hutchison, ASA, MGA; Kennon E. Young, ASA, MGA; Maury Woulf; Tracy L. Aros, ASA, MGA; Eleanor Smith; Eric M. Shelton, ASA, MGA; Harold Lindsay, ASA, MGA; Nancy Weiss; Monica L. Caldwell, ASA, MGA; Bradley C. Pear, ASA, MGA; Linda Salik; and Chandra Pennington for their hard work and commitment at the AGTA GemFair Conference!

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17th Annual Aircraft Education Program Preview

indexThis year, the National Aircraft Finance Association (NAFA) has teamed up with Embry-Riddle Aeronautical University (ERAU) and the American Society of Appraisers (ASA) to offer an eight hour course for aircraft appraisers at the National Aircraft Finance Association Annual Conference on Tuesday, March 21, 2017 at the Harbor Beach Marriott in Fort Lauderdale, Florida.

ERAU is the exclusive teacher of aircraft appraiser classes that are bringing their knowledge and expertise to this year’s program.  Designed to provide real world skills and best practices, this year’s program has been designed to create a more technical learning experience. This year’s topics include opening remarks from NAFA President, Chris Miller, and 72 Cessna172-CatalinaTakeOffEmbry-Riddle Aeronautical University Dean of Business, Dr. Michael Williams; The New Aircraft Accreditation Process through ERAU by Dr. Sunder Raghavan, ASA; USPAP Updates by Richard Berkemeier, ASA; Market Updates by Carl Janssens, ASA; Updates in Business Aircraft Maintenance Trends by George Kleros; NextGen Updates / ADS-B Equipage by Alexander Craig, Kenneth Byrnes, and Carey Miller; Effect of ASA Valuations on the Asset Management Process by Anthony Kioussis, Jeff Dunn, Luci Johnson, Alan Perzigian, and Kevin Sensenbrenner, ASA; Aircraft Insurance Updates by Louis Seno, ASA, Steve Johns, Edmund Underwood, and Jon Riemenschneider; and closing remarks from JSSI Chairman Emeritus, Louis Seno, ASA, and Citi Private Bank VP, Ford von Weise.

Open to the public and offered at the start of the National Aircraft Finance Association Annual Conference this spring, this eight hour course will include curriculum required by ASA to be accredited as an aircraft appraiser of commercial, business and general aviation aircraft including fixed-wing and rotorcraft, and other aerospace assets.

For more information regarding this course offering, contact Richard Berkemeier, ASA at richardberkemeier@gmail.com.

To register for this event visit NAFA Online.

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Energy Valuation Conference Preview

Houston_LogoEditor’s Note: The American Society of Appraisers Houston Chapter will host the 2017 Energy Valuation Conference on Wednesday, May 3, 2017 at the Federal Reserve Bank of Dallas in Houston, Texas.  ASA sat down with Laurie-Leigh White, ASA to take a closer look at this upcoming event.  

Can you give us a synopsis of the programs being presented?
This conference is designed to bring together prominent energy valuation professionals along with exceptional networking opportunities. The featured speakers are remarkable leaders in the energy industry from all across the United States possessing a variety of different perspectives. To give you some examples, we are having a SVP from Moody’s who will address the effect of oil prices on energy company credit, the Chief Economist from the Greater Houston Partnership, the Chairman and CEO of Netherland Sewell, among others.

What makes energy valuation so important to appraisers? 
This is a very dynamic and cyclical industry that affects different cities across the world such as Denver, Houston, and several others. Even if your client isn’t an energy company, energy can still play a vital role in its performance.

What can attendees expect to take away from this event?
Participants will have a better understanding of the current economic and geopolitical conditions of the industry. They will also find solutions to challenges they may face based on their locations. This is a very holistic and well-rounded conference that attendees will learn and enjoy from – not just appraisers.

When is the last day to register for this event and where can you register?
The last day to register for the conference is Thursday, April 26, 2017. Attendees be offered 10 hours of continuing professional education and can register through the American Society of Appraisers Houston Chapter as well as the Houston CPA Society’s websites.

72Coordinator Biography  
Laurie-Leigh White, ASA is a knowledgeable business valuation professional with more than 10 years’ experience. Ms. White received a Master of Science in Accounting, a Bachelor of Business Administration in Accounting, and a Bachelor of Arts in Political Science from Southern Methodist University, where she graduated with highest honors. Ms. White has been on the planning committee for the Energy Valuation Conference since its first launch and is serving as the current chair for the conference.

 

For more information, visit ASA online or contact us at (800) 272-8258.

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Heritage Auction’s Webinar Preview

indexEditor’s Note: The American Society of Appraisers has teamed up with Heritage Auctions to offer the Heritage Auctions: An inside Look at the Largest Collectibles Auction House webinar to be held on Wednesday, March 1, 2017 from 2:00pm-4:00pm ET. ASA got the chance to sit down with Meredith Meuwly to take a first look at this upcoming webinar.

Can you tell us a little bit on how this class was formed?
I attended ASA’s 2016 International Appraisers Conference in Boca Raton, Florida and Richard Berkemeier, ASA, who is part of the Machinery and Technical Specialties Discipline Committee, messaged me asking if I could arrange a webinar illustrating the history of Heritage Auctions to ASA members.

Can you give us a brief summary of topics that will be covered?
I will be covering the history and expansion of Heritage Auctions by giving you great inside stories on how it came to be. To give you a quick review we first started off by auctioning coins then comic books and now, all of a sudden, we became the third largest auction house in the world within a 35 year timeframe. I will also cover unique categories that are special to Heritage as well as free resources that are available for appraisers on our website, which is www.ha.com. This is a fantastic relationship building workshop where participates can ask questions to get to know Heritage and what we do best, that will hopefully encourage appraisers to use our services.

What audience is this webinar geared towards?  
This webinar is opened to all appraisers who are interested in Heritage Auctions and the services we can provide them and their practice.

What can attendees expect to take away from this class?
Participates will have a better understanding on who to contact within Heritage Auctions about their inquiries. They will also gain the ability to navigate through our free resources page on our website.

Instructor Biography
Meuwly_Meredith newMeredith Meuwly is a seasoned professional working in the international art auction and appraisal industry since 2001. Meredith earned her Bachelor’s degree in Classical Studies and Art History from Duke University and has a Master’s degree in Modern Art, Connoisseurship, and the History of the Art Market from Christie’s Education in New York. She spent five years in Christie’s New York Antiquities Department as a sale coordinator and cataloguer of ancient Greek, Roman, Egyptian, and Near Eastern works of art. During her time at Christie’s, she worked on numerous high profile auctions including the Doris Duke Estate, Ancient Egyptian Art from the Harer Family Trust, and the John W. Kluge Morven Collection of Ancient Art. Meredith joined Heritage Auctions in 2007 as Senior Consignment Director in the Fine & Decorative Arts Department, overseeing two auctions each year. In January 2010, she became the Director of Appraisal Services, preparing formal appraisals for 40 specialist categories. In addition to her duties at Heritage, Meredith participates as an appraiser for Antiques Roadshow on PBS, specializing in Glass, Silver, and Decorative Arts.

For more information, visit ASA online or contact us at (800) 272-8258.

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ASA BV201 Mexico City Course Recap

The American Society of Appraisers held an onsite training course from January 18-21, 2017 in Mexico City, Mexico. Participants of the BV201— Introduction to Business Valuation, Market Approach course were able to obtain thorough knowledge and expertise from ASA’s International Past President, Linda B. Trugman, ASA.

The Introduction to Business Valuation is the first course in the Principles of Valuation (POV) course series for the American Society of Appraisers. It introduces practitioners to the steps necessary to complete a valuation assignment and provides an overview of how to apply the Market Approach. More specifically, the course introduces the Guideline Public Company and Merger and Acquisition Methods through the use of a case study.

Students were extremely happy and impressed with the information provided and the structure presented to them. The course material had new and very important information and training that the students had not been exposed to previously

MexicoThe class was sponsored by ASA’s Mexico City Chapter and was attended by 40 local students.

The Society’s Onsite Course Program is a popular option for local chapters or 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 a local chapter or organization’s individual needs. The courses provide a convenient and cost effective means of helping members or 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.

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ASA Attends the 51st Annual Heckerling Institute on Estate Planning

imagesThe 51st Annual Heckerling Institute on Estate Planning Conference was held on January 9-13, 2017 at the Orlando World Center in Orlando, Florida. The conference this year focused on the potential impact of the 2016 election and an update on the recently issued Section 2704 Proposed Regulations.

Jeffrey B. Reardon, ASA (Left) and Bryan M. Fleming (Right) speaking with attendees

Jeffrey B. Reardon, ASA (Left) and Bryan M. Fleming, ASA (Right) speaking with attendees

ASA was pleased to send representatives to the conference to help support ASA’s exhibitor booth. ASA volunteer members Robert H. Buchanan, ASA; Bryan M. Fleming, ASA; Mike McGovern, ASA Candidate; Jeffrey B. Reardon, ASA; Morgan W. Eldridge, ASA; Duane W. Hutchison, ASA, MGA; Thomas Seguin, ASA, MGA; and Marketing and Communications Assistant Jennifer Aguilar from ASA headquarters were on hand to answer any questions, provide information on what ASA has to offer, and informed all attendees about ASA’s free “Find an Appraiser” search tool. Volunteer members played a crucial role in representing ASA and explaining the importance of having the ASA designation.

ASA held a raffle with multiple prizes, 1 large Yeti cooler and 3 Yeti mugs. These prizes proved to be exceptional by the amount of business cards placed in the raffle bowl, over 600! Many attendees were impressed by the prize and spread the word, which sent a lot of traffic to ASA’s booth and gave ASA a greater ability to engage with conference attendees.

For more information regarding the “Find an Appraiser” tool, visit ASA Online or call us at (800) 272-8258.

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ASA Launches New Online Reaccreditation Portal

Reaccreditation Process Simplified—Now Available Online

Editor’s Note: ASA sat down with the Chair—Board of Examiners, Douglas R. Krieser, ASA, to find out more about the Society’s new Online Reaccreditation Portal.

reaccredASA: Tell us more about ASA’s new Online Reaccreditation Portal?
Krieser: ASA is moving from a process of sending in your-accreditation’ packet to a process of self-reporting. Instead of compiling your information, sending it in to ASA headquarters via e-mail or mail, all you need to do now is enter the data into an easy-to-use online template, which will automatically record your hours in a variety of activities.

ASA: How do designated members access the new Online Reaccreditation Portal?
Krieser: Simply login to ASA’s website and click on the My Reaccreditation link (located on the left-side, vertical navigation menu).

ASA: What other reaccreditation changes are new?
Krieser: In addition to the new online reaccreditation process, several new and/or updated reaccreditation policies have been implemented. One important change is the required 100 hours has now been divided into two categories: Continuing Education (CE) and Professional Activities (PA). Members must now have at least forty (40) hours of the required credits in continuing education-specific activities, while the balance may be met through CE or a wide-range of other related professional activities. Changes have been noted in ASA’s updated Guide to Professional Reaccreditation.

ASA: Why were these changes made?
Krieser: The main impetus was to bring all of the Society’s disciplines into conformity with each other and into conformance with existing and upcoming Appraisal Foundation Qualifications requirements, as well as to make the entire re-accreditation process easier, faster and more efficient.

ASA: How can designated members learn more?
Krieser: A brief video demonstrating this new process may be viewed here. Designated Members can also contact an ASA’s reaccreditation specialists by phone (800) 272-8258 or e-mail reaccreditation@appraisers.org. Your reaccreditation specialist is here to assist and guide you through these new processes if you should need any assistance.

Krieser, D newDouglas R. Krieser, ASA is Chair—Board of Examiners for the American Society of Appraisers. Mr. Krieser is founder and president of Valcon Partners, Ltd. He has performed and supervised valuations and consulting projects on an international basis for over 30 years. His area of expertise is primarily machinery & equipment/personal property. However, he has valued buildings and improvements for insurance purposes.

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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. liqAll 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. new courseMachinery & 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.

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