CEMP101 Introduction to Equipment Appraisals for CEMP
Includes Multiple Live Events. The next is on 02/04/2025 at 10:30 AM (EST)
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- Non-Member - $1,195
- Member - $795
Description
This course offers a thorough introduction to the fundamental principles and methodologies of equipment appraisal, tailored specifically for Equipment Managers. Participants will gain a deep understanding of the essential elements involved in appraising equipment, as well as the practical application of appraisal values in equipment management. The curriculum includes a step-by-step guide to developing a comprehensive assignment scope, ensuring that all critical components of an appraisal are properly addressed. Furthermore, the course provides an in-depth exploration of the three primary approaches to valuation—sales comparison, cost, and income approaches—equipping participants with the tools necessary for accurate and reliable appraisals.
Instructional Methods
CEMP101 immerses participants in the learning process with a discussion-based curriculum that includes group involvement and asynchronous learning with limited lectures.
Course Audience
Equipment / Asset Managers, Credit Officers, Portfolio Managers, Attorneys, and others who are not Accredited Appraisers.
Learning Outcomes
Upon completion of the course the student will:
- Gain an introduction to the appraisal process.
- Develop a comprehensive understanding of the significance of appraisals as essential tools in valuation.
- Understand the criteria for effectively reviewing and utilizing appraisals.
- Recognize and distinguish among the various approaches to valuation.
- Identify the key components that should be included in an appraisal.
- Formulate a well-defined scope for appraisals.
Learning Level
Fundamental
Continuing Education and Contact Hours
8 hours of CE are provided upon completion of the course.
Required Reading
ASA’s Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and Technical Assets 4th Ed is the authoritative textbook on the theory and methodology of appraising machinery, equipment, and technical assets. The 2020 edition includes revised and updated chapters on topics like the sales comparison approach, appraisal report writing, and valuations for financial reporting, completely rewritten chapters on topics like aircraft appraisals, and a new chapter on ad valorem tax appraisals. It also includes updated appendices with appraisal research sources, an enhanced index, and a wholly rewritten and improved glossary.
Purchase - Valuing Machinery and Equipment, 4th Edition
Please make sure to go to components tab to do pre-course work prior to the start of class.
Class Schedule
SESSION 1 - FEBRUARY 4 | 10:30 AM- 2:30 PM
SESSION 2 - FEBRUARY 5 | 10:30 AM- 2:30 PM
Daily Course Agenda
Day 1 FEBRUARY 4, 2025
Basics Of Appraising Equipment
How Are Appraisal Values Used By Equipment Managers
How To Develop An Appraisal Scope
What Should An Appraisal Report Contain? – Appraisal Review
Day 2 FEBRUARY 5, 2025
Approaches to Value
Sales Comparison Approach
Cost Approach
Income Approach
Virtual Class Registration Includes
One registrant log-in to the live sessions
Downloadable course materials to include a Student Manual and any additional handouts i.e. administrative/exam guidance, if applicable. All course materials are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution.
Attendance
This is a highly interactive class. Registrants must participate in the entire class (all class sessions) with cameras turned on in order to receive a certificate following successful completion of the class.
Final Exam
There is no final exam for this class, but there will be knowledge checks along the way on your education dashboard.
Certificate of Completion
Please allow 10-15 business days following successful completion of the course in order to receive a certificate of completion via email notification. The certificate will be available for download under “My ASA Courses” on the ASA website (login required).
Download or Print eMaterials
Attendees should bring to class either an electronic copy (loaded on a laptop or mobile device) or a print copy of all course handouts to use as a reference. All course eMaterials are in an Adobe PDF format which can be viewed using the free Adobe Reader application. eMaterials are presented in color and are bookmarked and comment/typewriter enabled. When opting to print eMaterials, it is recommended that you adjust the print settings to print in black and white (or grayscale) and consider printing double-sided on recycled paper.
Paul Cogley
Mr. Cogley recently retired from Banc of America Leasing (BAL), a unit of Bank of America, based in Providence, Rhode Island, USA., where he was Senior Vice President – Commercial Valuation Manager. Mr. Cogley managed a staff responsible for equipment valuation and residual setting for finance and leasing transactions, conducting annual Accounting Standard Codification (ASC) reviews for residual impairment, and performing collateral appraisals & inspections for the Commercial Middle Market and Business Banking segments of BAL.
Prior to joining BAL in 2005, Mr. Cogley was Principal of Capital Asset Services of Connecticut, LLC (CASCONN), providing equipment appraisal, inspection, remarketing and consulting services to the financial services industry. Prior to CASCONN, Mr. Cogley spent 29 years at General Electric and GE Capital in a variety of senior finance and equipment management positions.
Mr. Cogley previously served on the Equipment Leasing and Finance Association (ELFA) Equipment Management Committee as a Committee Member, Committee Chairman and Chairman of the annual Equipment Management Conference. He is currently active in the American Society of Appraisers where he is a course instructor and course developer. He also serves on the Board of Governors, is the Chairman of the International Education Committee and a member of the Machinery and Technical Specialties (MTS) Discipline Committee. Mr. Cogley previously served as Secretary and Treasurer of the MTS Discipline Committee, and Chairman of the MTS International Appraisers Conference Committee. He also served on the ASA Nominating and Awards Committee, the ASA Strategic Planning Committee and the ASA Budget and Finance Committee. Mr. Cogley received the Jerry F. Larkins Volunteer Service award from the ASA in 2020.
Key:
Complete
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Failed
Available
LockedPrior to the start of the course, students must:
- Familiarize yourself with the "Valuing Machinery & Equipment" textbook.
- Make sure that you check the class activities tab for pre-work assignments.