ME204 - Advanced Topics & Report Writing (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 builds on the concepts studied in ME201, ME202 and ME203.  It delves further into the Income Approach and inputs needed to develop an income model, advancing beyond those concepts taught in the previous courses.  The course discusses business structures, basic accounting terminology and the types of financial statements.  Accounting for fixed assets is reviewed and business enterprise versus equity valuation is presented along with contrasting business and fixed asset valuation.  Capital budgeting analysis is reviewed and functional and economic obsolescence derived through the income approach is considered.  Finally, the course touches on two other topics of interest to the appraiser: Ad Valorem taxes and Inventory. A financial calculator is required.

Instructional Methods

In addition to lectures and materials, the course will also provide opportunities for students to review, discuss and analyze advanced level case studies.

Course Audience

Appraisers, accountants, attorneys, auctioneers, bankers, engineers, leasing company staff, forensic consultants, 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.

Students should review Chapter 3: Cost Approach, Chapter 5: Income Approach, Chapter 9: Valuation for Financial Reporting Purposes, Chapter 12: Inventory, Chapter 17: Cost Segregation Studies, Chapter 18: Ad Valorem Tax: Personal Property and Appendix I: Valuation Process for Financial Reporting. 

Purchase - Valuing Machinery and Equipment, 4th Edition

Learning Level 

Fundamental 

Learning Outcomes

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. 

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 ME204 Exam please email education@appraisers.org and notify them you wish to take ASA's ME204 Exam