ME201 - Introduction to Machinery & Equipment Valuation (Audio Only)

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MTS Courses Are Changing - Please Read

ASA's MTS Principles of Valuation (POV) courses (ME201 - ME204) are undergoing a major revamp and new courses will be launching in the fall of 2024. To ensure a smooth transition, the four legacy MTS POV courses will sunset at the end of the current fiscal year (June 30, 2024). If you're currently working through these courses, we encourage you to complete the four course series before the 2024 sunset date.

General Information

This NEW convenient format allows the learner to easily review and repeat any of the course lecture modules and/or assignments. This audio course provides students with convenient 24-7 online access to instructional modules via your "Education Dashboard" immediately following registration.

This course consists of:

Narrated instructional modules;
Classwork and assignments;
Downloadable course handout materials (PDF);

Printed or hard copies are not provided to course registrants. Once the audio course and downloadable materials have been accessed, the course is no longer refundable.

The course and final exam must be completed within 90 days of purchase. The option to request an additional 90 day extension at education@appraisers.org is available (non-refundable fee is applicable). The final exam is multiple choice and securely administered online and remotely proctored. Additional final exam instructions are provided following registration.

*ASA-accredited members (AM, ASA, FASA) who would like to attend this class will receive a 50% discount. This discount will be automatically applied at checkout.

Required Reading (purchase not included with registration)

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

Learning Outcomes

Upon completion of this course, students will be able to:

Identify the three approaches to value;
Communicate the requirements of an appraisal (either as an appraiser or someone needing an appraisal);
Assess the scope of work and qualifications needed to perform an appraisal assignment;
Understand the concepts within ASA's Code of Ethics;

Communicate basic appraisal theory;
Discuss global standards and why we need them (USPAP, IVS, CAS and others); and
Understand the principals of indexing.

Continuing Education and Contact Hours

28.8 ASA CE Instructional Hours and 3 Exam Hours

*Accredited MTS Members who took the ME201-204 courses for accreditation purposes may not retake the courses for reaccreditation/continuing education (CE) credits. Those who have not previously completed these courses must successfully pass the associated exam to receive ASA reaccreditation/CE credit. No reaccreditation/CE credit will be awarded for the audio version of this course.

Description

This course will introduce appraisal terminology and concepts and provide students with a solid foundation for a career in appraisal of machinery and equipment. This course covers MTS 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.

Instructional Methods

Methods include audio narrated instructional modules, exercises and homework assignments.

Course Audience

Appraisers, accountants, attorneys, auctioneers, bankers, engineers, leasing company staff, farm managers, forensic consultants, shop staff, and the appraisal community at large who are involved in the valuation of machinery and equipment.

Learning Level

Fundamental

Continuing Education and Contact Hours

28.8 ASA CE Instructional Hours and 3 Exam Hours

Key:

Complete

Failed

Available

Locked