ME204 Advanced Topics & Report Writing
- Registration Closed
Tuesday, May 31, 2022 - Friday, June 3, 2022
Important Class Information
ME204 is being presented via virtual and in-person format and will be taught by a live instructor over the course of (3) days with the exam the morning of day 4. Students will meet virtually with the instructor all three days, and engage in discussions, exercises, and post-session assignments. Students must participate each day in order to complete the course and receive full credit. Final exam is June 3rd at 10am EST, then you are free to go.
ASA-accredited members (AM, ASA, FASA) who would like to attend this class can receive a 50% discount. Pricing reflected at checkout.
Cancellations and refunds are not permitted one week before the start of the course.
Students will receive log in details for the live session following registration. Registration includes:
- One registrant log-in to the live sessions; and
- Electronic Student Handout Materials. *Students should have a financial calculator handy
- Required Textbook:"Valuing Machinery and Equipment - The Fundamentals of Appraising Machinery and Technical Assets, 4th Edition (2020)"
- Recommended Reading: "Uniform Standards of Professional Appraisal Practice" (current edition) 2020-2021 USPAP PDF Download Only (Non-Members have the option of purchasing a PDF download or hardcopy version of the book through the Appraisal Foundation).
- A computer, knowledge of how to use a computer, and internet access are required in order to complete the course. Students must have the following available for all sessions:
- Laptop or desktop computer with internet and webcam access is required .
- Telephone access or computer headset with microphone.
- Printed or electronic copy of all student materials.
- Internet Explorer/Google Chrome/Firefox Internet browsers.
- Zoom and other similar software platforms.
- To ensure the best webinar experience, test your Zoom audio/video connection on your computer and review the Zoom System Requirements prior to registering for this webinar series.
Important Note: Partial credit will not be awarded for this offering. Students must engage in each live virtual session with webcam enabled to complete the course and receive full credit for participation.
Each course registration includes a full electronic set of course materials including handouts, pre-reads, references and any additional student information. Printed materials will not be made available for webinar series registrants. Once eMaterials have been distributed and.or posted for access, courses are no longer refundable . Students are expected to bring to each online session an electronic copy (loaded on a laptop or mobile device) or a print copy of all course materials/handouts to use as a reference for the webinar lecture. All eMaterials are provided in an Adobe PDF format which can be viewed using the free Adobe Reader application. For students choosing to print materials, 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.
Registrants must participate in the entire class (all class sessions) in order to sit for the exam and receive a certificate following successful completion of exam. The class will not be recorded or provided as an archive per accrediting body guidelines.
All exams will be conducted through ASA’s online exam platform on day 4. Successful completion of the exam is required in order to pass the class. Students must complete the online exam within 21 days after the class concludes. Further exam instructions and guidance will be provided within the eMaterials once available.
Certificate of Completion
Please allow 10-15 business days following successful completion of the exam 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).
Contact the ASA Education Team at firstname.lastname@example.org
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 Foundation’s webpage for more information and to download an application.
Richard Ellsworth, ASA, IA
Rick Ellsworth is MTS Education Chairman and currently an instructor for the Principles of Valuation course, ME 204. Rick is designated as an Accredited Senior Appraiser (ASA) in the Business Valuation, Machinery & Technical Specialties, and Appraisal Review & Management disciplines of ASA. He also holds the Society's specialty designation in Intangible Asset valuation. In addition, Rick is also a licensed Professional Engineer (PE), Chartered Financial Analyst (CFA) and Certified Cost Professional (CCP). He has Masters in Business Administration and Bachelor of Science in Civil Engineering degrees from Lehigh University.
Day 1—Morning Introductions Review of syllabus and words of advice Overview of ME201, ME202, and ME203 Review of financial administration Review of exponential pricing techniques Review of present value theory Economic obsolescence
Day 1—Afternoon Inutility calculation Review of income approach Discussion of discounted cash flows Discussion of discount rates Steel plant videos to introduce facility and complexity
Day 2—Full Day Case study—steel mill This case study uses the three generally recognized approaches to value.
Day 3—Morning Study of leasing Residual forecasting Fair rental value calculation
Day 3—Afternoon Report writing, USPAP, code of ethics General review of ME201, ME202, ME203, and ME204
Upon completion of this course, students will be able to:
- Explain and apply the three approaches to value;
- Apply appraisal techniques for leasing, residual forecasting and fair rental calculations;
- Develop and Report a Professional Appraisal Report; and
- Understanding of the role of Standards in the Appraisal process.