ME201ACS Introduction to Machinery and Equipment Valuation (Aircraft Specific)
Includes Multiple Live Events. The next is on 12/09/2025 at 10:00 AM (EST)
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You must log in to register
- Non-Member - $1,650
- Member - $1,650
Class Date/Time
Tuesday, December 9 - Friday, December 12, 2025
10:00am-6:00pm Eastern US approx.
Class registration will close on Monday, December 8, 2025
Registration Includes
- One registrant log-in to the live sessions
- Electronic student materials
Class Format - Virtual
ASA is offering the opportunity for students to attend this class live via the internet as a remote participant.
Class Schedule
Times Listed in Eastern US
- Day 1 - Tuesday, December 9, 10:00am - 6:00pm
- Day 2 - Wednesday, December 10, 10:00am - 6:00pm
- Day 3 - Thursday, December 11, 10:00am - 6:00pm
- Day 4 - Friday, December 12, 10:00am - 1:00pm (Final Exam)*
*The final exam will be administered and proctored the last day on Friday, December 12th. Exams are no longer provided in a written format and students MUST have a personal laptop or computer device to complete the secure online exam. For any exam questions or technical/logistic concerns, contact education@appraisers.org. More detailed information will be provided before class concludes.
Please note: Partial credit will not be awarded for this offering. Students must participate in all the live session(s) virtually to complete the course and receive full credit following successful completion of the final exam. The virtual session(s) will not be recorded and/or made available after class.
Continuing Education (CE) Credit
Class provides 28.8 Hour of CE plus 3 Exam Hours.
Course Description
This course is the first of four Principles of Valuation (POV) courses that make up ASA's Aircraft Valuation Program which provides the required baseline education on aircraft specific appraisals as part of the Accredited Member (AM) or Accredited Senior Appraiser (ASA) designation. This course is designed to introduce students to proper aircraft appraisal terminology, methods and concepts. The course provides a solid foundation for the remaining three POV courses and will assist each student by broadening their skill set to include an expertise/specialty in the appraisal of aircrafts and equipment, as well as further enhance their career path and professional potential.
Additional course topics include:
- Machinery and equipment 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
In addition to lectures and materials, this course will provide opportunities for students to:
- Discuss current, historic and possible future impacts to aircraft values; and
- Learn from industry subject matter experts from companies such as Boeing, Airbus, GE Pratt, Aircraft Post, Jetnet, Bluebook who will serve as special guest speakers
Course Audience
Anyone interested in pursuing a professional designation with ASA with a specialty in aircraft appraisal as well as aircraft brokers and other professionals in the aviation banking, financing, and aircraft maintenance industries.
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
Learning Level
Fundamental
Continuing Education and Contact Hours
28.8 Hours of CE are provided upon completion of the course (with 3 exam hours).
eMaterials
All course materials included with your registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable class materials are accessible via your class Handouts tab. Once eMaterials have been posted for download, the class is no longer refundable.
Accessing eMaterials
eMaterials are provided electronically in PDF format and posted to the class within class Handouts tab for all registrants to securely access prior to the start of the class. Attendees should come to class prepared with an electronic or printed copy of all eMaterials to use as a reference. OnDemand course registrants receive access to materials immediately following registration.
PDF course materials are presented in color, are bookmarked, and comment enabled. When opting to print downloaded materials, it is recommended that personal print settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.
Certificate of Completion
Please allow 5-10 business day following successful completion of the course or final exam to receive a formal status notification and access to a certificate of completion. The certificate will be available to view and download/print from within the class Certificate tab.
Robert Gallagher
President
Aircraft Systems Group, Inc
Robert or Bob as most in the industry know him began his aviation career as an FAA licensed Airframe and Powerplant mechanic after graduating from Aviation High School in NYC. Work started at an FBO in Delaware then back to New York working for Fairchild Republic Corporation as a quality inspector on the A-10 project. During that early times he found multiple employment options with airlines in technical management such Eastern Airlines, Capital International, Evergreen and Oversees National.He became the first technical hire for a break out de-regulation carrier; People Express Airlines born from the breakup of the Civil Aeronautics Board (CAB). His career moved quickly at People Express where he managed aircraft acquisition and heavy maintenance purchasing over 75 aircraft in a three-year period and taking the company public through his first IPO. Bob left to manage assets for AAR Corporation and subsequently moved to DHL Airways, to oversee their global airline system from a technical aspect. He returned to New York to work for a 747 operator, Tower Air. Tower expanded expediently and that became his second Wall Street endeavor and IPO. Leaving the airline operational side Bob went to work for George Soros running his worldwide leasing assets from a technical prospective where he oversaw the technical and operational side of the business this time with an international IPO, Hainan Airlines the first of the former CAAC
operators to go public.In the mid 90’s Bob went on to establish his own consulting and leasing company where he managed fleets of aircraft for clients such as GMAC Commercial Finance, Pratt & Whitney Finance, National City Bank and numerous others in addition to his owned engines and aircraft assets and leases to airlines such as Atlas Air, Delta Airlines, Aero Boliviano and other entities. Bob is currently involved in projects testifying as an Expert in airworthiness, operations, leasing and technical management related to aviation assets for the DOJ, IRS and other Law Firms throughout the world. He holds professional appraisal designations from the National Aircraft Appraisers Association, the American Society of Appraisers, and the International Society of Transport Aircraft Traders. He holds a BA in Vocational Education from CCNY, a MA in technical Education from NYU and a Post Masters Certificate in Aviation Management from Dowling College. He has also participated in PhD programs at both NYU and USF. Bob and his wife live in the Tampa Bay area where he continues to be involved in aviation projects.
Michael Williams
Dr. Michael J. Williams is formerly the Dean of the College of Business and Professor of Management in the Department of Economics, Finance and Information Systems at Embry-Riddle Aeronautical University in Daytona Beach, Florida. His academic areas of expertise include information systems, radio frequency identification (RFID), electronic commerce, transportation principles and aviation maintenance management. Dr. Williams holds a Ph.D. in Computer Technology from Nova Southeastern University, and a Masters of Aviation Management from Embry-Riddle Aeronautical University. Certifications include FAA Aircraft 4 (A&P) Technician, FAA Part 107 sUAS Drone Pilot, and CompTIA RFID+. His research interests include: intermodal transportation, radio frequency identification (RFID), information systems, and aviation maintenance management. His work has appeared in such publications as the Journal of Air Transportation, World Review of Science, Technology & Sustainable Development, World Review of Intermodal Transportation Research, and Multimodal Transport Security: Frameworks and Policy Applications in Freight and Passenger Transport.
Financial Assistance
ASA’s Educational Foundation recognizes students who choose to invest their time in appraisal studies by providing assistance to students demonstrating a financial need. Please visit the Educational Foundation's webpage for more information and to download an application.
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LockedReview Prior to Exam Session
Please read the following information in its entirety to ensure a successful exam experience.
- ASA requires the use of a PC/Mac/laptop with webcam capabilities in order to take your online exam. Mobile devices are not acceptable.
- The day of your exam, please login to your online open examination session via the Zoom or GoToMeeting link/details within the Join Session tab above.
- Make sure your webcam is on and that you are muted.
- Your open examination session will be monitored by an online proctor (either an ASA staff member or an instructor). This individual will provide you with their contact information should you need to reach them during the exam.
- Your exam may be accessed via the class page on your dashboard.
- PLEASE NOTE – You may not reference any of the course materials or classroom notes, nor may you access any websites or any other resources during the exam.
- Lastly, ASA has transitioned to online exams to accommodate the continuation of learning. In the unlikely event you run into any technical issues or you are inadvertently kicked out of the exam, we STRONGLY recommend you keep a written record of all your answers on a separate piece of paper as you take the exam. In case there is an unforeseen issue, you will have your answers at the ready to reload into the exam software or to send to ASA via email as backup.
Note:
- Join the open examination session via the Zoom/GoToMeeting link 5 minutes early to ensure enough time for check in.
- Reliable internet service, a webcam and a personal computer/Mac/ laptop are required. Exams may not be taken on a mobile device.
- A secondary device (i.e. phone or tablet) should be available if you need to contact the proctor during them exam.
- You have one (1) hour to complete the USPAP exam and three (3) hours to complete the ASA POV exams (four (4) hours for ME204). When your time is up, your exam will be automatically submitted.
Questions?
Email education@appraisers.org.