ME203 - Advanced Topics & Case Studies (OnDemand)

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 on demand course provides students with convenient 24-7 online access to instructional modules via "Education Dashboard" immediately following registration. 

This course consists of:

• Narrated instructional modules;
• 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). At any point throughout the duration of this OnDemand course, the student has the option to go back and log in to repeat and/or review any of the modules and/or practice tests. 

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.

The final exam is multiple choice and securely administered online and remotely proctored. Additional final exam instructions will be provided within the course. 

Course Description

This course will introduce more advanced concepts and techniques than those taught in ME201 and ME202. A review of case studies illustrating a range of operating entities will be employed. This course will explore exponential pricing techniques, cost estimation, reproduction vs. replacement costs, quantifying functional obsolescence, use of research data, time value of money calculations and more. A financial calculator (we recommend HP12C) is required.

*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. 

Instructional Methods

Methods include lectures, discussions and individual/ group exercises and 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.

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 

Learning Outcomes

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

·       Introduction of concepts to the Income Approach theory including Future Value and Discount Rate Development; 

·       Apply Cost Approach estimation using cost capacity exponents, trending, effective weighted age, and inutility calculations;

·       Introduction to leasing terminology with residual exercises;

·       A basic overview of Report Writing comparing USPAP with IVS, and our Code of Ethics

Continuing Education and Contact Hours

32 Hours of CE are provided upon completion of the course (including exam hours).

Additional Information

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.

In order for you take your ME203 Exam please email education@appraisers.org and notify them you wish to take ASA's ME203 Exam v5.25.22