ME204 LEGACY- Advanced Topics & Report Writing (Audio Only)

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- Non-Member - $1,795
- Member - $1,195
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Before You Register – Please Read! This course is an older MTS course and should only be taken by MTS students who did not complete the ME201-204 course series when the NEW MTS courses came out in September 2024. If you enrolled in an ME201 course in/after September 2024, you are taking the NEW courses and therefore you should not register for this course. Instead, please enroll in the live, virtual courses listed here. If you have any questions as to which course you should be taking, please reach out!

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 NEW convenient format allows the learner to easily review and repeat any of the course lecture modules and/or assignments. This audio course provides students with convenient 24-7 online access to instructional modules via your "Education Dashboard" immediately following registration.

This course consists of:

Narrated instructional modules;
Classwork and assignments;
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). The final exam is multiple choice and securely administered online and remotely proctored. Additional final exam instructions are provided following registration.

*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.

Required Reading (purchase not included with registration)

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

Continuing Education and Contact Hours

28.8 ASA CE Instructional Hours and 3 Exam Hours

*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.

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.

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