The first day is on insurance appraisals, while the second and third days are devoted to Fair Value (not FMV, Fair Value is used for annual reports, mergers, acquisitions, etc.), which is the required value standard for the Financial Accounting Standards Board (FASB).
Sandra Tropper, AS, TAFAC chair and symposium speaker/program chair commented about the ASA Symposuium and the fair value concept, "We are covering FASB regs and have a board member from the International Valuation Standards Council speaking on how the council views PP. We know that PP appraisers are going to be needed for things like art collections and general office contents. I am afraid if we are not qualified, they will turn the jobs over to BV people and others who nothing much about PP."
It appears the Fair Value standard will become more important to personal property appraisers in the near future, and the sooner we are educated and able to write to the fair value standard the more client opportunities we will have and successful our practices will become.
The program schedule and info from the ASA website is
Personal property appraisers from around the country will meet in Chicago March 31st for a 3-Day Symposium covering Insurance Appraisals and Fair Value. This conference will provide guidance to appraisers on what they need to do to be in compliance with assignments that come under the jurisdiction of the Financial Accounting Standards Board (FASB). Speakers at this dynamic symposium include insurance industry leaders, veteran appraisers and conservators. Click here to download a registration form.
Insurance Appraisal Forum - March 31
The symposium will kick off with the Insurance Appraisal Forum on Thursday, March 31st. Appraisers who perform insurance appraisals should come meet the industry leaders at this focused study day. Participants will learn what every appraiser should know about how appraisals are evaluated by insurance companies for both property coverage and damage and loss claims.
Speakers Include:
* Heather Becker, CEO, Chicago Conservation Center
* Vivian Ebersman, Director, Art Expertise, AXA Art Insurance Corporation
* Judith L. Pearson, President and Director, ARIS Corporation
* Brian Shannon, Collections Specialist & Appraiser, The Chubb Corporation
* Douglas J. Tomsky, ASA, CEO, Douglas Tomsky & Associates
* Rebecca Woan, Founder and CEO, Chartwell Insurance Services
Registration: $195 member, $245 nonmember (Hurry - prices increase March 1st!)
Click here to register for the Insurance Appraisal Forum
Fair Value for Personal Property Appraisers - April 1 - 2
Fair Value for Personal Property premieres Friday and Saturday, April 1st and 2nd. This new class provides personal property appraisers with the “how-tos” for preparing an appraisal for financial reporting assignments. The course explains how personal property appraisers must now use “Fair Value” in work for business, and will focus on methods of using “Fair Value” that come under the jurisdiction of the Financial Accounting Standards Board and comply with Securities and Exchange Commission (SEC) requirements “Keeping up-to-date with changes in the profession is not optional,” says Sandra J. Tropper, ASA, who is Program Chairman for the Symposium. “The goal is to offer practical information that will be of immediate use.”
Speakers Include:
* Douglas R. Krieser, ASA, MRICS, President, Valcon Partners, Ltd.
* Ryan A. Gandre, Director in Valuation & Financial Opinions Group, Stout Risius Ross (SRR)
* Lee Hackett, ASA, Executive Vice President, American Appraisal Associates, Inc.
* Sandra J. Tropper, ASA, Owner, Artemis Inc. and Chairman, The Appraisal Foundation Advisory Council
Registration: $395 member, $495 nonmember (Hurry - prices increase March 1st!)
Click here to register for the Fair Value for Personal Property Appraisers
Don't miss out! Attend the FULL 3-Day Symposium
Registration: $540 member, $690 nonmember (Hurry - prices increase March 1st!)
Click here to register for both courses at the full 3-Day Symposium.
EVENT LOCATION
Conrad Hilton
521 N. Rush St.
Chicago IL
(312) 645-1500 or http://conradhotels1.hilton.com
*** Mention group code (coming soon!) by February 28th to receive the discounted rate of $165/night.
HOW TO REGISTER
1. MAIL - Send in a completed registration form (download here) with payment to: American Society of Appraisers, 555 Herndon Pkwy Ste 125, Herndon, VA 20170.
2. FAX - Print and fax a completed registration form with credit card payment to (703) 742-8471.
3. ONLINE - Register online with our quick and easy registration process.
Click HERE for more info on the ASA website.
1 comment:
Thanks for sharing the news about our Appraisal Symposium! It's going to be a great time and we look forward to seeing all of you!
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