CEMP101 Introduction to Equipment Appraisals for CEMP

CEMP101 Introduction to Equipment Appraisals for CEMP

Includes Multiple Live Events. The next is on 02/04/2025 at 10:30 AM (EST)

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 industryPrior 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 ConferenceHe is currently active in the American Society of Appraisers where he is a course instructor and course developerHe 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 CommitteeMr. Cogley previously served as Secretary and Treasurer of the MTS Discipline Committee, and Chairman of the MTS International Appraisers Conference CommitteeHe also served on the ASA Nominating and Awards Committee, the ASA Strategic Planning Committee and the ASA Budget and Finance CommitteeMr. Cogley received the Jerry F. Larkins Volunteer Service award from the ASA in 2020

Key:

Complete
Failed
Available
Locked
Pre-Work - PRIOR TO THE START OF CLASS
Pre-Work - Reading
Agree to terms to continue.
Agree to terms to continue. Familiarize yourself with textbook.
Prerequisite: Introduction
Make 1 discussion post to continue.
Make 1 discussion post to continue. Introduce yourself by answering these questions: a. What line of work are you in? b. How do you use appraisals in your line of work? c. What city and state do you live in? d. How do you plan on using your new appraisal review skill?
Prerequisite: Answer the following questions
Make 1 discussion post to continue.
Make 1 discussion post to continue. In the comment section please answer these questions prior to the start of class. i. What are your expectations of the CEMP Program? ii. What is the objective of the CEMP program? iii. What are the topics to be covered in this course? iv. What chapter in “Valuing Machinery and Equipment” did you find most interesting?
Pre-Work - Module 1 Watch the video "The ASA Difference - Why Hire?"
Select the "View On-Demand Recording" button to begin.
Select the "View On-Demand Recording" button to begin. Watch the video, download the presentation in the handouts tab, and be prepared to discuss the on the first day of class.
Session 1 | Module 1 - Basics of Appraising Equipment
Live Login Day 1
02/04/2025 at 10:30 AM (EST)  |  240 minutes
02/04/2025 at 10:30 AM (EST)  |  240 minutes Day 1 Passcode: 314300
Module 1 Knowledge Check
3 Questions  |  Unlimited attempts  |  1/3 points to pass
3 Questions  |  Unlimited attempts  |  1/3 points to pass a. In class knowledge check:
Prework for Module 2 | Watch Video "External Role in Equipment Financing"
Open to view video.
Open to view video. Watch video from ASA IAC 2022 "External Appraisers Role in Equipment Financing"
Module 2 - How Are Appraisal Values Used by Equipment Managers
Module 2 | Short Answer - External Appraiser
Graded as Pass/Fail
Graded as Pass/Fail Describe a situation where you have engaged an external appraiser.
Pre-Work for Module 3 | Watch video "What's Behind Curtain #3"
Open to view video.
Open to view video. Please watch video from ASA IAC 2021 "What's Behind Curtain #3"
Pre-Work for Module 3 | Lease documentation
Graded as Pass/Fail
Graded as Pass/Fail Review your company's lease documentation and provide the following: i. Definition of Fair Market Value ii. Use, Maintenance and Return Provisions
Module 3 - How to Develop an Appraisal Scope
Module 3 Knowledge Check
3 Questions  |  1 attempt  |  0/3 points to pass
3 Questions  |  1 attempt  |  0/3 points to pass
Pre-Work for Module 4 | Watch video
Open to view video.
Open to view video. Watch video from ASA 2019 "What Financial Institutions Are Looking for in Appraisal Reports"
Module 4 - What Should an Appraisal Report Contain? Appraisal Review
Module 4 - In Class Knowledge Check
3 Questions  |  1 attempt  |  0/3 points to pass
3 Questions  |  1 attempt  |  0/3 points to pass
Pre-Work for Module 5 | Reading
Agree to terms to continue.
Agree to terms to continue. Read article on "Valuation in Use Versus Value in Exchange"
Live Login Day 2 - Module 5-9
02/05/2025 at 10:30 AM (EST)  |  240 minutes
02/05/2025 at 10:30 AM (EST)  |  240 minutes Session 2
Module 5 | Approaches to Value
Module 5 - Knowledge Check
2 Questions  |  1 attempt  |  0/2 points to pass
2 Questions  |  1 attempt  |  0/2 points to pass
Pre-Work for Module 6 | Reading
Agree to terms to continue.
Agree to terms to continue. Reach Chapter 4 in "Valuing Machinery & Equipment"
Module 6 - Sales Comparison Approach
Module 6 Knowledge Check
3 Questions  |  1 attempt  |  0/3 points to pass
3 Questions  |  1 attempt  |  0/3 points to pass
Pre-work for Module 7 | Reading
Agree to terms to continue.
Agree to terms to continue. Reach Chapter 3 in "Valuing Machinery & Equipment"
Pre-Work for Module 7 | Watch Video "Utilizing Excel to Build Market Based Depreciation Curves"
Open to view video.
Open to view video. Watch ME182 "Utilizing Excel to Build Market Based Depreciation Curves"
Pre-Work for Module 7 | Watch Video "The Producer Price Index"
Open to view video.
Open to view video. Watch ME172 "The Producer Price Index & BLS"
Module 7 - Cost Approach
Module 7 Knowledge Check
4 Questions  |  1 attempt  |  0/5 points to pass
4 Questions  |  1 attempt  |  0/5 points to pass
Pre-Work for Module 8
Agree to terms to continue.
Agree to terms to continue. Read
Course Completion
CEMP101 Fall 2024 Survey
18 Questions
18 Questions We appreciate you taking the time to complete this course evaluation. Your feedback is vital to ASA to provide quality education and courses. Thank you in advance for your valuable feedback as it will continue to help ASA shape future educational initiatives. Sincerely, The ASA Education Team
Certificate
4.80 CE credits  |  Certificate available
4.80 CE credits  |  Certificate available

Prior to the start of the course, students must: 

  1. Familiarize yourself with the "Valuing Machinery & Equipment" textbook. 
  2. Make sure that you check the class activities tab for pre-work assignments.