ASA
American Society of Appraisers Election Results
Results are in for 2011 American Society of Appraisers elections. Membership elected new international officers, discipline governors, and officers and members of discipline committees. Those elected will officially take office on July 1, 2011.
It’s an honor for me, as an ASA equipment appraiser and (ahem) the newly-elected Vice-president of the NorCal ASA Chapter, to be associated with this prestigious group of professionals who have consistently demonstrated their support and dedication to the mission of ASA and its members. Congratulations especially to Nancy Stacy, a valuable member of the NorCal ASA Chapter, and now discipline governor of Gems & Jewelry, and to the governor, committee officer & members of my particular area, Machinery & Technical Specialties — less formally referred to as equipment and machinery appraisal.
Equipment Appraisal USPAP with Roger Durkin, J.D., ASA
Last week, I had the privilege of attending a USPAP Reaccreditation course especially for Machine & Technical Specialty appraisers taught by Roger Durkin, J.D., M.S., ASA, just over in San Francisco. The class was sponsored by the NorCal Chapter of the American Society of Appraisers, serving appraisers all over Northern California, including such hot spots as San Francisco, Oakland, Sacramento, Redding and San Joaquin County. The seminar was open to equipment appraisers everywhere and we had some nice folks from Arizona and Nevada there as well.
Restaurant Equipment Appraiser has Restaurant Industry Background
Over the Memorial Day weekend, I had the priviledge of inspecting a series of restaurants for a machinery and equipment appraisal. Because the owners declined to provide a listing of Subject Assets, I took my lovely and clever wife along as “clipboard” assistant. She wrote while I measured, called out manufacturer names and model numbers, took pictures with my faithful Casio Exilim.
One reason I like restaurant appraisals is that I spent several years in my 20s cooking in Aspen, Tucson and Phoenix. It’s fun to be back in a professional kitchen, chatting with the chef about Hobarts and Groen stock pots, even if I am using a tape measure instead of a spatula! So I’m cook and food and beverage controller turned Restaurant Appraiser.
Sacramento Equipment Appraiser Offers More
I’ve gotten some interesting emails regarding the initial post on the Proposed Update of Valuation Terms. One email reminded me that I could make my comments directly to the definitions committee and/or on the ASA forums. Well, I would if any of those comments had been mine! I must not have made it clear in the original post that the comments added to the definitions were part of the original document, so I went back and did some editing to clarify that.
Proposed Update of Valuation Terms
In April, the American Society of Appraisers released a proposal to update the current Definitions of Value approved by the Machinery & Equipment Committee and the American Society of Appraisers Board of Governors.
Over the next few blogs, I’ll share the entire definition list, but today I’d like to concentrate on 2 areas that caught my attention right away:
The first thing I noticed was the insertion of the term “opinion” in most of the definitions.This makes a lot of sense as valuation is not an absolute measurement of value but one arrived at through research and, in the words of former PCAOB Chief Auditor Thomas Rays, “the appropriate application of seasoned professional judgment.”
Sacramento Area Accredited Senior Appraiser Unites Accounting & Appraisal Acumen
Winters, CA – Norcal Valuation owner Jack Young has earned Accredited Senior Appraiser (ASA) status in the American Society of Appraisers, the oldest international major appraisal organization and the only one representing all disciplines of appraisal specialists.
Norcal Valuation specializes in appraisals of machinery and equipment throughout northern California, from factory to farm, and conducts cost segregation studies on income-producing buildings such as single family rental units, restaurants, hotels, manufacturing facilities, wineries, food processing, and industrial park complexes.
