ME206 Appraisal of Inventory

Class Date/Time

Tuesday, September 9, 2025 - Friday, September 12, 2025

 Class registration will close on Monday, September 8, 2025

Registration Includes 

Virtual Attendees

• Access to virtual zoom sessions will be accessible via education dashboard (login required)
• 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. Virtual students share the same educational experience as the students in the classroom and can participate live just as if they were attending physically.

Class Schedule

Times Listed in EASTERN Standard US

• Day 1 - Tuesday, September 9, 10:00am - 6:00pm 
• Day 2 - Wednesday, September 10, 10:00am - 6:00pm
• Day 3 - Thursday., September 11, 10:00am - 6:00pm
• Day 4 - Friday, September 12, 10:00-1:00pm ET

*The final exam will be administered and proctored on Friday, September 12, 2025. Exams are no longer provided in a written format and students MUST have a personal laptop or computer device to complete ASA online exams. For any exam questions or technical/logistic concerns, contact education@appraisers.org. Registrants will be provided more detailed information before class concludes.

Please note: Partial credit will not be awarded for this offering. Students must participate in all the live session(s) virtually or in-person 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 32.4 ASA CE including 3 Exam Hours.

Course Description

This course provides a comprehensive introduction to the principles and practices of inventory appraisal. Designed for professionals seeking to enhance their understanding of inventory valuation, this course covers the full scope of the appraisal process—from identifying inventory types to interpreting valuation results.

Participants will learn to define key categories of inventory, determine the scope of an appraisal, and gather relevant data for accurate analysis. The course also explores accounting methods, units of measure, and key variables that influence inventory value. Attention is given to potential risk factors, the role of physical inspections, and the importance of industry-specific terminology.

By the end of the course, participants will be equipped to apply core appraisal concepts confidently and communicate effectively using standard inventory valuation jargon.

Instructional Methods

Methods include lectures, examples, individual/group exercises, and review assignments

Course Audience

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

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: 

Define different categories of inventory

Define the scope of the inventory appraisal

Obtain relevant information for an inventory appraisal

Identify methods of accounting for inventory and how they
affect valuation results

Discuss units of measure and how they affect valuation results

Discuss potential risk factors that affect the collateral

Discuss variables that affect the inventory value

Discuss the importance of the physical inventory inspection

Discuss why inventory is valued

Appropriately utilize inventory appraisal jargon

Continuing Education and Contact Hours

32.4 Hours of CE are provided upon completion of the course (including 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.

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.

Review Prior to Joining the Exam Session

Please read the following information in its entirety to ensure a successful exam experience. 

1. ASA requires the use of a PC/Mac/laptop with webcam capabilities in order to take your online exam. Mobile devices are not acceptable.
2. 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. 
3. Make sure your webcam is on and that you are muted.
4. 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.
5. Your exam may be accessed via the class page on your dashboard.
6. 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.
7. 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.

Procedures

*If you cannot attend your exam please see the ProctorU tab on your education dashboard.