2024-2025 7-Hour USPAP Update for Business Valuation
-
You must log in to register
- Non-Member - $525
- Member - $375
General Information
This course offers students convenient online access to self-paced modules and downloadable course materials, all accessible immediately following registration.
The course consists of modules and accompanying module quiz assessments that students are required to review and complete sequentially. Students have unlimited access to review modules and/or quiz assessments.
Upon completion of all course modules and required components, students can promptly download a certificate of completion and obtain automatic CE credit. It is recommended that students finish the course within 90 days of purchase to prevent access issues. Students have the option to request an additional 90-day extension for the course by contacting education@appraisers.org. However, please note that this extension incurs a non-refundable fee.
Registration Includes
- 24-7 online access to course modules and quizzes
- 2024 eUSPAP*
- 2024 USPAP Guidance and Reference Manual*
- Any additional student handouts i.e. administrative guidance, or reference materials if applicable
Upon registration, all course handouts provided are exclusively in PDF format and accessible for immediate download. These handouts are strictly for personal use and are not to be resold or distributed. By registering for the course, you consent to refrain from sharing the electronic documents with any third party. Refunds are not permitted once access to the materials has been granted following registration.
*The Appraisal Foundation has secured these PDF manuals and they cannot be printed.
Note before registering: This course is geared towards Business Valuation (BV) appraisers only. PP/GJ/MTS appraisers must take the Personal Property USPAP course(s). This course does not meet the Appraisal Foundation’s USPAP continuing education requirements for Real Property appraisers. This course will not be accepted by state real property licensing boards or for CE credit for state licensing of real property appraisers. This course may be used to meet qualifying USPAP requirements for beginning Real Property students who are seeking state certification, however, it is the responsibility of the student to verify acceptance of this course with his/her state prior to registering. Refer to the USPAP FAQ's for additional information.
Continuing Education (CE) Information
7 ASA Continuing Education (CE) Credit Hours
This course does not provide CPE (NASBA's Continuing Professional Education) credit
Course Information
USPAP stands for "The Uniform Standards of Professional Appraisal Practice" and is published by The Appraisal Foundation (TAF) headquartered in Washington, DC. In 1989, Congress enacted the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), which authorized TAF as "THE" source of appraisal standards and appraiser qualifications. "USPAP is the generally recognized ethical and performance standards for the appraisal profession in the United States" and was adopted by Congress in 1989. USPAP contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. USPAP is updated every two years providing appraisers with the information they need to deliver unbiased and thoughtful opinions of value.
What is the 7-Hour USPAP Update Course for Business Valuation? The 7-Hour USPAP Update Course for Business Valuation will familiarize users of USPAP Standards 9 and 10 with recent, significant revisions to USPAP that impact every practicing appraiser in the business valuation arena. In addition, the course confronts some of the regularly misunderstood concepts in USPAP and reviews their application through the use of other communications published by the Appraisal Standards Board. This course will meet current USPAP continuing education requirements established by the Appraisal Foundation for BV appraisers.
This course consists of:
- Narrated instructional modules;
- Downloadable course handout materials (PDF); and
- Module quizzes
Learning Outcomes
- Prepare appraisals in full compliance with the current Uniform Standards of Professional Appraisal Practice;
- Utilize the new definitions in USPAP in appraisal preparation;
- Recognize how the changes in USPAP will affect appraisal reporting; and
- Identify many of the current problems faced by business valuation appraisers and how to use USPAP to solve and/or better handle them.
Learning Level
Fundamental
Course Audience
Individuals who have completed the full 15-hour USPAP course before and only require updated information, specifically Business Valuation professionals.
Important note: This course does not meet the Appraisal Foundation’s USPAP continuing education requirements for Real Property appraisers. This course will not be accepted by state real property licensing boards or for CE credit for state licensing of real property appraisers. This course may be used to meet qualifying USPAP requirements for beginning Real Property students who are seeking state certification, however, it is the responsibility of the student to verify acceptance of this course with his/her state prior to registering.
Carla G. Glass, CFA, FASA
Managing Director, Valuation & Litigation Support Services
Marcum LLP
Carla Glass is a managing director in the Firm’s Valuation, Forensic and Litigation Services practice in the New England region. She has more than 40 years of experience in the valuation of businesses, partnerships, debt, derivative securities, intellectual property, and other intangible assets in a wide range of industries. She has performed valuations of business interests for a variety of purposes including, but not limited to, gift and estate tax, financial reporting, employee stock ownership plans, corporate and partnership reorganizations, minority shareholder rights, bankruptcy proceedings, merger and acquisition analysis, and litigation.
Carla served as Chair of the Business Valuation Committee of the American Society of Appraisers (ASA) and Chair of the Appraisal Standards Board of The Appraisal Foundation, which is the board that promulgates the Uniform Standards of Professional Appraisal Practice (USPAP). She is a Fellow in the ASA College of Fellows (FASA), the ASA’s highest mark of achievement and recognition. She was also one of eight valuation professionals who served on the Valuation Resource Group of the Financial Accounting Standards Board (FASB).
Carla has created and taught principles of valuation courses for the ASA and is a frequent speaker on topics in business valuation to appraisal, legal, accounting, and other professional groups. During her time as Chair of the ASA’s Education Committee, she headed the development, teaching, and grading of courses, seminars, and examinations for the society.
She has been qualified as an expert witness in Federal District Courts and the District Court of the State of Wyoming, as well as in arbitration proceedings.
Jay E. Fishman, FASA
Managing Director
Financial Research Associates
Jay E. Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974. He specializes in the valuations of business enterprises and their intangible assets. Mr. Fishman has co-authored several books, including the Guide to Business Valuations, Standards of Value, A Consensus View Q&A Guide to Financial Valuation and The Business Valuation Bench Book.
Key:
Complete
Next
Failed
Available
Locked