Author Archives: Admin

January Breakfast Meeting: A Case Study in Environmental Remediation

The January Breakfast Meeting will be held on Wednesday, January 20, 2016, 8:00 am at the Doubletree Guest Suites in Plymouth Meeting, PA. The guest speaker will be Florin Gheorghiu, Principal of Applied Testing and Geosciences, LLC in Bridgeport, PA. Mr. Florin will present “A Case Study in Environmental Contamination and Remediation.”

FlorinG A Registered Professional Geologist in Pennsylvania, Mr. Gheorghiu holds a M.Sc. in Engineering Geology/Geophysics from the University of Bucharest, Romania. At Applied Testing and Geosciences, he leads multi-disciplinary teams in complex remedial and civil/geotechnical projects around the globe. Widely published — he has contributed to over 20 publications — he is also a frequent speaker on hydrogeology, groundwater control and site remediation.

Please register early for this educational and informative breakfast meeting which qualifies for 2 hours credit toward ASA reaccreditation..

The Breakfast is FREE for ASA Philadelphia members and $25 for guests. Family members, colleagues, and associates are welcome! To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by January 15 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

SAVE THE DATE: 2016 Business Valuation Seminar

042916Seminar The Philadelphia Chapter of the ASA will hold its 11th Annual Spring Business Valuation Seminar program on Friday, April 29, 2016, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.

· Russell T. Glazer, ASA on Valuing Real Estate Holding Companies

· Nathan DiNatale on Purchase Price Allocation

· Courtney S. White, ASA on Craft Brewery Valuation

· Glen Birnbaum, AM on Working Capital And Value

· Mark S. Gottlieb on Advanced Risk Issues In Business Valuation.

For more information, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

Holiday Charity Event & Happy Hour

The Philadelphia Chapter of the American Society of Appraisers will sponsor a Charity Event and Happy Hour on Thursday, December 3, 2015 from 5:00-8:00 pm in the Hunt Room at The Great American Pub(610-940-0540), 123 Fayette Street, Conshohocken PA. The event will benefit Cradles to Crayons.

Charity Event. Please bring a new or gently-used article of essential children’s winter clothing. The clothing, or a $10 donation instead of clothing, will go to Cradles to Crayons. The charity helps children living in low- income and homeless situations.

Happy Hour. Enjoy a delicious selection of hot and cold hors d’oeuvres and an open bar (soda, draft beer, all house wines and liquor), all courtesy of the Philadelphia Chapter.

Registration Required. The event is FREE for Philadelphia Chapter members, but space is limited so please visit the ASA Philadelphia Members Page to REGISTER if you plan to attend.

We’re hoping for a big turn-out for our second annual service event. Please direct questions about the event to Executive Secretary Joanne Paciello, by email, phone (610-277-1366) or fax (610-277-1366).

ASA ME202-OOO (MTS202): Machinery & Equipment Valuation Methodology

The Philadelphia Chapter of the American Society of Appraisers will sponsor ME202-OOO (formerly MTS202) Machinery and Equipment Valuation Methodology on January 18, 19 & 20, 2016 from 8:30 am to 5:00 pm at DLL Financial Services, located at 1111 Old Eagle School Road, Wayne PA 19087. The instructor for the 3-day ASA course will be Richard A. Berkemeier, ASA.

ME202 OOOcourse This course explores in depth the ideas introduced in MTS201 and provides students with a better understanding of the types of value commonly used in the appraisal of machinery and equipment. This course addresses the issues of price vs. value, indirect costs, use of and development of indexes, age-life concepts, recommended rounding of figures, types of values for MTS appraisals, reproduction cost new, replacement cost new, replacement cost depreciated, fair market value in use, orderly liquidation value, forced liquidation value and supporting conclusions for various purposes.

Mr. Berkemeier is an independent senior asset management professional offering more than 20 years of appraisal experience within the capital markets, including risk management, inventory assessment, appraisal review, liquidation expertise, debtor-in-possession financing, and collateral management.

Please register ASAP for this class to avoid disappointment. Seating is limited.

Tuition for the class is $1200 per person, which includes all course materials, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number and email address, to Executive Secretary Joanne Paciello, 8 Terrace Rd, Plymouth Meeting, PA 19462. RSVP by email, phone (610-277-1366) or fax (610-277-1366).

November Meeting: Preview of Next USPAP Changes

The November Chapter Meeting will be held on Wednesday, November 18, 2015 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Chapter Member and Past President, Robert J. Luciani, ASA, who will preview the “Changes to USPAP Effective January 1, 2016.”

luciani A PA Certified Real Estate Appraiser & Assessor, Mr. Luciani is also a PA Licensed Real Estate Broker. He is an Adjunct Professor of Real Estate at the Community College of Philadelphia and a Deputy Assessor in the Office of Property Assessment for the City of Philadelphia. Chapter Members are all familiar with the courses he teaches as an AQB (Appraiser Qualifications Board) Certified USPAP Instructor.

Mr. Luciani’s presentation is sure to be of interest to ASA members in all disciplines. As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, November 13, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

September Meeting: Accounting Standards Updates

The September Chapter Meeting will be held on Wednesday, September 16, 2015 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. It will include the installation of the 2015-2016 Chapter Officers and presentation of the 2015 George D. Sinclair Award.

Albert Lazo, CVA The guest speaker will be Albert A. Lazo, Director of Valuation Services at Brinker Simpson & Company, headquartered in Springfield PA. Mr. Lazo will review recent Accounting Standards Updates (ASUs) and their impact on business valuation.

Mr. Lazo is a Certified Valuation Analyst (CVA) with more than 15 years business consulting experience, including 10 in valuation services. A graduate of the University of Vermont with a BA in Mathematics, he took his MBA in International Business & Finance at Virginia Tech. Before joining Brinker Simpson & Company, he worked in valuation at KPMG and BDO.

With Michael Simpson, Al leads his firm’s valuation practice , which serves Fortune 500 and middle market clients, including energy, oil, chemical, retail, and manufacturing companies. Their practice ranges from business, gift and estate tax valuation to purchase price allocation and goodwill impairment.

As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. Members: Last chance this season to buy the 5 Meeting Plan for $110 – a $65 saving! To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, September 11, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

SAVE THE DATES. This is the first meeting of the 2015-2016 season. Other meetings, all at the Doubletree, are November 18, January 20 (Breakfast) and March 16. A May dinner meeting at a special venue is also planned but not finalized.

ASA MTS201: Introduction to Machinery and Equipment Valuation

The Philadelphia Chapter of the American Society of Appraisers will sponsor MTS201 Introduction to Machinery and Equipment Valuation on May 11, 12, 18 and 19, 2015 from 8:30 am to 4:30 pm at DLL Financial Services, located at 1111 Old Eagle School Road, Wayne PA 19087. The instructors for the 4-day ASA course are Richard A. Berkemeier, ASA and Paul R. Cogley, Jr., ASA.

mts201course This course will introduce appraisal terminology and concepts and provide students with a solid foundation for a career in appraisal of machinery and equipment. This course covers machinery and equipment appraisal terminology; functions and purposes of appraisals; introduction of the three approaches to value; depreciation and factors affecting depreciation; field inspection techniques and safety; introduction to the issues of indexes in machinery and equipment appraising; basic pricing exercises for current and obsolete assets; ethics and professional standards.

Mr. Cogley is a Senior Vice President – Commercial Valuation Manager for Banc of America Leasing in Providence, Rhode Island, managing a valuation staff for the middle market and business banking segments.

Please register ASAP for this class to avoid disappointment. There are just 8 seats available.

Tuition for the class is $1250 per person, which includes all course materials, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number and email address, to Executive Secretary Joanne Paciello, 8 Terrace Rd, Plymouth Meeting, PA 19462. RSVP by email, phone (610-277-1366) or fax (610-277-1366).

May Meeting: Art, Cocktails & CE Credit at the Barnes

The May Chapter Meeting will be held on Wednesday, May 20, 2015 at the Barnes Foundation at 2025 Benjamin Franklin Parkway (at 20^th St) in Philadelphia. The Board of Directors will meet at 5:30 pm. All ASA members are welcome. The general meeting will begin at 6:30 with a cocktail hour featuring hors d’oeuvres and an open bar. A guest speaker will provide a Curator’s Talk about the rare and unique items from the Collection. The Chapter will have access to the Collection until the museum closes at 9:00 pm.

barnesfoundation The Barnes Foundation was established by Albert C. Barnes in 1922 to promote the advancement of education and the appreciation of the fine arts and horticulture. The Barnes holds one of the finest collections of Post-Impressionist and early Modern paintings, with extensive works by Pierre-Auguste Renoir, Paul Cézanne, Henri Matisse, Pablo Picasso, Henri Rousseau, Amedeo Modigliani, Chaim Soutine and Giorgio de Chirico, as well as American masters Charles Demuth, William Glackens, Horace Pippin and Maurice Prendergast, Old Master paintings, important examples of African sculpture and Native American ceramics, jewelry and textiles, American paintings and decorative arts and antiquities from the Mediterranean region and Asia.

Space is limited, so please register early for this entertaining and educational evening which qualifies for 2 hours credit toward ASA reaccreditation. Hurry, Registration ends Monday May 11, 2015. Do bring a guest to this special event!

The cost, including the cocktail hour and admission to the Collection, is $50 per person for members and guests, $28.00 if you have the 5-meal plan. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP and/or make payment by Thursday, May 14, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

Parking and public transportation.
Get more information on parking and public transportation on the Barnes Foundation’s Getting Here page.

March Meeting: Emerging Economic Trends

The March Chapter Meeting will be held on Wednesday, March 18, 2015 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Ardy Lynn Wurtzel, Research Associate in the Corporate Affairs Department of the Federal Reserve Bank of Philadelphia.

ardylynnwurtzel Ms. Wurtzel, who is also an adjunct faculty member at Temple, Rutgers and Arcadia Universities, holds a B.A. in economics and finance from Temple’s Fox School of Business, and an M.A. in economics, also from Temple.

At the Bank, Ms. Wurtzel manages economic data sets and conducts research on current economic trends. She also delivers presentations for the Bank to the business and banking community on emerging economic trends.

Ms. Wurtzel’s presentation is sure to be of interest to ASA members in virtually all disciplines. As seating is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, March 13, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

NOTE: Appraisers attending this meeting may also be interested in attending the 2-Hr. Pennsylvania Appraisal Law Course presented by the ASA Philadelphia Chapter on the same day, in the same location, starting at 4:00 pm.