Save the Date: Current Topics in Business Valuation Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Eighteenth Annual Current Topics in Business Valuation – 2010 Seminar on Friday, May 7, 2010 at the midtown Manhattan offices of PricewaterhouseCoopers at 300 Madison Avenue, 24th Floor, New York, New York 10017. Scott Nammacher, ASA and Bill Johnston, ASA will co-chair the seminar again this year.

Registration is $275 per person if paid by April 30, and $325 thereafter or at the door. No refunds after May 1. Registrants will receive a binder of speaker outlines and educational materials. Click the Pay Now button at right to pay with your Visa, MasterCard, American Express, Discover or Bank account through PayPal. (No PayPal account required!) Or pay by check payable to "NYC Chapter of ASA,".

RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124).

The seminar, which is expected to qualify for 8 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels.

Complete seminar details will be available soon. Please check back here or subscribe to this page for updates.

Business Valuation Seminar: April 2010

 The Philadelphia Chapter of the American Society of Appraisers (ASA) will hold its annual Business Valuation Seminar at the Doubletree Guest Suites Hotel in Plymouth Meeting, PA on Friday, April 30, 2010. The program includes how-to sessions conducted by leading thinkers on such topics as IRC 409A and SFAS 123R, intellectual property valuation, reasonable compensation, and lack of marketability discounting.

Mark L. Zyla, ASA, a Managing Director of the Atlanta Georgia firm of Acuitas, Inc. will present A Case Study in 409a and 123R Valuations from 8:30-10:30 am. Mr. Zyla is the author of Fair Value Measurements: Practical Guidance and Implementation (Wiley, 2009) and co-author of AICPA courses Fair Value Accounting: A Critical New Skill for All CPAs and Accounting for Goodwill and Intangible Assets. His presentation will explore current valuation methods, option pricing models and probability return models, discounting for lack of control and lack of marketability, and compare IRS 409A vs. auditor's SFAS 123R expectations.

P.J. Pankaj Patel, ASA, a Senior Vice President, and Edward P. Hamilton, a Vice President, at the Princeton, NJ Valuation Research Corp. will discuss Valuing Intellectual Property And Other Intangible Assets For Financial Reporting Purposes In A Business Combination from 10:15-11:30 am. Mr. Patel who took his B.S. at the University of Toronto and M.B.A. at Canisius College specializes in the valuation of intangible assets including in-process R & D, software, trademarks, patents and copyrights. Mr. Hamilton, whose baccalaureate is from Rowan University in physics, holds an M.B.A. from Temple University. He focuses on the valuation of intellectual property and intangible assets such as trademarks, technology, software, customer relationships and in-process R&D. Using valuation case studies in consumer products, software, technology, and defense companies, Messrs. Patel and Hamilton will discuss valuing brands, customer relationships and technology, including use of the relief from royalty and excess earnings methods and the 25%/33% rule in valuing intellectual property.

Jim Bowers, a Vice President, and Jeff Bacher, a Senior Consultant, at the Philadelphia office of the Hay Group, will present a program on Reasonable Compensation from 11:30 am to 12:15 pm. Mr. Bowers, who took his B.S. at Pennsylvania State University and holds a M.I.L.R. from Cornell, specializes in executive compensation, global job evaluation and general rewards, with a focus on the chemical, pharmaceutical, and energy industries. Mr. Bacher is a Senior Executive Compensation Consultant for Hay and has over twenty years consulting and executive experience. Their presentation will focus on the nuts and bolts of reasonable compensation, including tools to determine reasonableness, and factors that would undermine the presumption of reasonableness.

John J. Barton, ASA, President of Brandywine Valuation Consultants, LLC in Lyndell, PA will discuss Techniques for Estimating the Discount for Lack of Marketability from 1:15-4:40 pm. Mr. Barton holds a B.A. from LaSalle University, an M.A. in literature from Fordham University and an M.B.A. from LaSalle in Finance and Accounting. A specialist in the analysis of closely-held stock, preferred stock, intangible assets, and debt securities, he has taught business valuation courses for ASA, the Big Four accounting firms, the IRS, and at Villanova University. Mr. Barton's discussion of the discount for lack of marketability will use a case study approach focused on these analytical processes:

• FMV Opinions Restricted Stock Study
• Valuation Advisors IPO Study
• Quantitative Marketability Discount Model
• Option Models

 

Program Schedule
Registration, Buffet Breakfast	8:00 am-8:30 am
Morning Session*	8:30 am-12:15 pm
Lunch	12:15 pm-1:15 pm
Afternoon Session*	1:15 pm-4:40 pm

*Morning and Afternoon Sessions include Refreshment Break

 

Seminar Fees. Seminar fees include breakfast, snacks and lunch.

Early Registration	Register by March 31
ASA Members	$225
All others	$245
Regular Registration	Register after March 31
ASA Members	$250
All others	$270

 

Additional Information. The program qualifies for eight hours of Continuing Education Credit (CEC) for ASA members and for members of other professional organizations which recognize NASBA credit. A seminar brochure, including additional information, biographies of the presenters, a registration form, refund and cancellation policies is available in PDF format [262 KB]. For all other questions, including CEC eligibility for your organization, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

Spring 2009: 15-hr USPAP 2010-2011 Course

The Philadelphia Chapter of the American Society of Appraisers will sponsor a 15-hour, 2-day, all-discipline USPAP 2010-2011 Course on Thursday, April 15, 2010 and Friday, April 16 from 9:30 am to 5:00 pm each day.  The course will be held at the Marriott SpringHill Suites, 430 Plymouth Rd, Plymouth Meeting, PA 19462 (Phone: 610-940-0400), which offers discounted rates for ASA members and those taking the USPAP class. (Map)

This 15-Hour USPAP Course presents an overview of the USPAP 2010-2011 regulations and guidelines, and fulfills the requirements of appraisal societies for designation, and for USPAP continuing education.

The cost of the 2-day course is $275 per person and includes a Continental breakfast and afternoon snack each day, and a copy of the 2010-2011 USPAP Book, a $55 value.

Seating is limited to 30 participants, so please register early for the course, which meets the USPAP Requirements for re-accreditation and continuing education for most ASA appraisers.

Make checks payable to ASA Philadelphia Chapter 35 and mail to Executive Secretary Joanne Paciello, 8 Terrace Rd, Plymouth Meeting, PA 19462.  RSVP by email, phone (610-277-1366) or fax (610-277-1366).

October Meeting: CRE Performance & The Korpacz Survey

The October chapter meeting will be held on Thursday, October 15, 2009 at Connolly's Pub & Restaurant.  The guest speaker will be Susan M. Smith, MAI who will discuss “CRE Industry Performance and The Korpacz Survey.” Her talk will explore current and future CRE industry performance, covering fundamentals, the economy, and investor sentiment, as well as the impact on the real estate market. She'll look at the latest Korpacz Survey in relation to historical trends for different property sectors and geographies.

Susan M. Smith, MAI is a Director in the Real Estate Group of PricewaterhouseCoopers. She is the Editor-in-Chief of the PWC quarterly Korpacz Real Estate Investor Survey®, one of the industry's leading sources of commercial real estate investment trends and data. For the past ten years, she has also served as an adviser and contributing researcher of the annual Emerging Trends in Real Estate® publication. She has 20 years of experience in the commercial real estate industry and  is a designated member of the Appraisal Institute and a New York State Certified General Real Estate Appraiser. She has co-authored numerous articles, been interviewed by radio, print, and news outlets, and has appeared on Fox Business News, PBS Nightly Business Report, CNBC, and Bloomberg News.

For additional information, please download the meeting brochure [PDF; 78 KB].

This presentation is a must for appraisers in all disciplines! The program qualifies for one hour of ASA Continuing Education Credit. The Board Meeting is at 5:30 pm.; networking mixer at 6:00 pm; dinner at 7:00 pm. Please RSVP to Aleza Tadri, AM by phone (212-679-3400), or email. Make your check payable to ASA NY Chapter #30 for $35 per person. Reserve early. Space is limited.

ASA 2009 International Conference

Get the 2009 ASA International Conference brochure.

Update: Current Topics in Business Valuations Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Seventeenth Annual Current Topics in Business Valuations – 2009 Seminar on Friday, May 8, 2009 at the Hilton Hotel in New York at 1335 Avenue of the Americas, New York, NY 10019 (Phone: 212-586-7000). Scott Nammacher, ASA and Bill Johnston, ASA will again co-chair the seminar this year.

Registration is $400 person payable in advance or at the door. No refunds after May 1. Registrants will receive a binder of speaker outlines and educational materials. Click the Pay Now button at right to pay with your Visa, MasterCard, American Express, Discover or Bank account through PayPal. (No PayPal account required!) Or pay by check payable to "NYC Chapter of ASA,".

RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124).

The seminar, which is expected to qualify for 8 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels. The impressive line-up of speakers, panelists and topics promises a lively and informative day.

• Bank Valuations in Today's Environment
  Andrew K. Gibbs, CFA, CPA/ABV
• Horizon Values: Does, Don'ts and Methods to Keep Your Analysis Consistent
  Jeffrey Dunn
• Financial Reporting Update: Q & A on Current Issues
  Stamos Nicholas
• Valuing Debt Instruments: Intrinsic and Relative Valuation Methods
  John D. Moore, VP & Timothy J. Doherty, CFA, VP
• Underwater Option Re-pricing or Exchange Valuation Techniques and Issues
  Cindy Ma, Ph.D, CPA, CFA

Complete seminar details will be available within the week. Please check back here or subscribe to this page for updates.

Fall 2009: Personal Property Seminars

The American Society of Appraisers in cooperation with the Rhode Island School of Design in Providence, RI will offer two daylong seminars in the school's continuing education Appraisal Studies in Art + Antiques certificate program. Shirley Sue Swaab, ASA of ASA's Philadelphia Chapter will be the instructor for both seminars.

• Thursday, September 10, 2009: Ivory and Its Look-A-Likes
• Friday, September 11, 2009: Identifying Ceramics: Hard Paste Porcelain, Soft Paste Porcelain, Creamware, Pearlware, Stoneware and Faience

Ms. Swaab, who is celebrated for teaching by using examples, will employ over 100 pieces of ivory and ceramics during the two daylong seminars. For more information, call 215-635-2260.

March: Real Property Seminar

The Northern New Jersey Chapter of the American Society of Appraisers and the New Jersey North Chapter of the National Association of Independent Fee Appraisers will jointly sponsor a two-hour Real Property Seminar on The Home Valuation Code of Conduct and Fannie Mae Form 1004 MC. The seminar will be held on Monday, March 23, 2009 from 4:00-6:00 pm at the Wilshire Grand Hotel, 350 Pleasant Valley Way, West Orange, NJ 07052. Robert J. Luciani, ASA, IFA, a real property appraiser practicing in Philadelphia, will conduct the seminar, which will be followed by a Chapter Dinner Meeting.

The housing bubble and subsequent melt-down has led to two new requirements for appraisals submitted to the federal mortgage agencies.

• The new Home Valuation Code of Conduct (HVCC), effective May 1, 2009, applies whenever the primary lender plans to sell the loan to Fannie Mae or Freddie Mac. It's designed to prevent conflicts of interest.
• Beginning April 1, 2009, appraisal reports submitted to Fannie Mae will require Form 1004 MC, a Market Conditions Addendum. Its purpose is to illuminate neighborhood market trends and conditions.

Mr. Luciani will explore the HVCC and 1004 MC requirements and relate them to current USPAP obligations for appraisers.

The program qualifies for two hours of ASA Continuing Education Credit. Dinner is $35 person. Please RSVP Chapter Secretary Lynn Magnusson, AM by phone (973-425-1550), fax (973-425-1553) or email, and mail her your check payable to "ASA Northern New Jersey Chapter 73" by Monday, March 16.

First Call: Current Topics in Business Valuations Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Seventeenth Annual Current Topics in Business Valuations -- 2009 seminar on Friday, May 8, 2009 at the Hilton Hotel in New York at 1335 Avenue of the Americas, New York, NY 10019. Scott Nammacher, ASA and Bill Johnston, ASA will again co-chair the seminar this year.

Registration fee for the seminar is $350 per person before April 17, $400 afterward. No refunds after May 1. Registrants will receive a binder of speaker outlines and educational materials. Click the Pay Now button at right to pay with your Visa, MasterCard, American Express, Discover or Bank account through PayPal. (No PayPal account required!) Or pay by check payable to "NYC Chapter of ASA,". RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124). (Telephone for the New York Hilton is 212-586-7000.)

The seminar, which is expected to qualify for 8 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels. Another impressive line-up of speakers, panelists and topics is being arranged, so please register early.

Complete seminar details will be available in the near future. Please check back here or subscribe to this page for updates.

ASA NYC November Meeting -- How Attorneys Use Appraisers and Appraisals

The November chapter meeting will be held on Tuesday, November 6, 2007 at the National Arts Club, 15 Gramercy Park South, New York, NY 10003 (212-477-2389). This will be a joint meeting with the ASA LI Chapter, which has arranged for panel of attorneys from the NY and NJ law firm of Herrick, Feinstein LLP to address the topic -- How Attorneys Use Appraisers and Appraisals.

The panel comprises Herrick partner John A. Rogers Jr. (Corporate, Securities), associates Andrew M. Grumet (Taxes, Trusts & Estates, Not-for-Profit), Matthew Hawkins (Litigation), and Frank K. Lord, IV (Art Law), and counsel Kenneth E. Kobylowski (Real Estate). They will discuss the use of appraisals in their respective areas of practice. The meeting brochure has additional background information.

Appraisers in all disciplines will appreciate this program, which qualifies for one hour of ASA Continuing Education Credit. The meeting, including cocktails and dinner, is scheduled from 6:00-9:00 pm. RSVP to ASA LI Chapter Secretary Joseph Ammirati, ASA by phone (516-364-3232) or email. The cost for this special event is $49 per person for members and guests alike. Guests will be accomodated as space permits. Please reserve early and make your check payable to ASA LI Chapter.