SOURCE American Society of Appraisers – ASAReston VA, July 9, 2021 / PRNewswire ASA announces plan to resume pre-pandemic global expansion efforts, continuing to build strategic partnerships with international professional assessment organizations (OPVs). Such connections with like-minded organizations and like-minded organizations will help build global public trust of members and the evaluation profession through upholding…Read More
Financial Reporting Appraisals: Acquisition Accounting
One of my favorite accounting professors, Dr. Larry Watkins, PhD, CPA, retired last year from Northern Arizona University, where I took many accounting courses before finishing up & graduating from Arizona St University in Tempe. In the years after I got my ASA and before he retired, we got together a few times for what…Read More
ASA International Appraisers Conference 2019
At this year’s ASA 2019 Advanced Business Valuation & International Appraisers Conference, Appraisal Review & Management (ARM) is sponsoring some great presentations. I worked with attorney Angela Somers on a complicated case that recently settled, and I’m especially excited to hear her presentation on Valuation in Litigation: Destruction of the Company Damages. Other presentations from ARM How to Have More Influence…Read More
3 Red Flags in Machinery & Equipment Appraisal Reports
I recently submitted a few examples of Machinery & Equipment Review problems–along with a sample review report–to an overseas valuation organization that’s putting together an in-house manual for its members. What’s interesting to me is that although this organization follows IVS instead of USPAP, is governmentally regulated in a way that ASA equipment appraisers are…Read More
Wildland Fire Litigation Conference: A Report
Several years ago while serving as equipment appraisal expert witness for the Ophir Fire, I discovered the Wildland Fire Litigation Conference and put it on my appraisal bucket list. Just this year, my schedule finally allowed me to attend the conference. In the intervening years, I’ve done many equipment appraisals related to insurance loss claims,…Read More
Learning How It Works
When I was 15, my family lived for awhile in the Ozark mountains outside of Branson, Missouri. For a kid who loved to hike, fish and hunt, this was pretty much heaven. The hills and open woods reminded me of the Pennsylvania family farm and my dog and I would wander all over the mountains…Read More
Seeds of an Appraisal Career
I spent last week back east visiting my uncle and cousins at the Young family farm, where my uncle, who grew up there, now raises goats, grains and vegetables and boards horses on the property. My grandfather (Pappy) wasn’t raised on a farm, but as a young man he built an old style dairy farm…Read More
USPAP 2014-15: 7 Notable Changes
Every two years, USPAP (Uniform Standards of Professional Appraisal Practice) gets an update. That doesn’t mean, of course, that all appraisers are learning about the updates in the same year that the new version of USPAP hits the streets. In fact many appraisers only take a USPAP class every 5 years! Or, as we discussed in…Read More
Accredited Appraisers vs. Certified Appraisers
Every now and then a client asks about our California appraiser license and certification pursuant to Assembly Bill 527. The regulations of Assembly Bill 527, we explain, were established by OREA (Office of Real Estate Appraisers now called the Bureau of Real Estate Appraisers) and so are only applicable to real estate appraisers. Machinery and…Read More
Valuing Ag Equipment in California
Had a chat this morning with a fellow from a governmental lending agency who wanted to know if I’d like to be their go-to equipment appraiser for agricultural equipment in California — from the Mexican border up to the edge of Oregon. Would I? Yessir, I believe I would. Thanks for asking! I’ve written before…Read More
Annual Fair Value Conference in San Francisco
Next week, the annual Fair Value Conference will be in San Francisco. As president of the San Francisco/Nevada Chapter of the American Society of Appraisers, I’m especially excited about this. It’s a great opportunity not only for local Business Valuation appraisers, but also for the NorCal ASA Chapter in general. Of course, here at the Northern California/Nevada…Read More
Appraisal Seminar with Les Miles
San Francisco ASA chapter offers important appraisal seminar on Advanced Cost Approach with Les Miles in mid-June. Read more about the seminar offering, instructor Les Miles, and why this seminar is important for appraisers in all areas as well as accountants for understanding appraisal applications; attorneys questioning expert witnesses who speak to such use of the cost approach; tax consultants & taxing authorities needing to make applications for presentations to the various taxing authorities or considering whether hiring an appraiser is worthwhile; bankers and asset-based lenders assessing outside appraisers; and anyone needing to contract appraisals or make their own value estimates. Read More