ASA Philadelphia Calendar

ASA 2009 International Conference

2009-05-14T12:34:00.002-04:00

Get the 2009 ASA International Conference brochure.

May Meeting: Best Practices for Insurance Claims

2009-04-26T07:23:00.001-04:00

The May Chapter Meeting will be held on Wednesday, May 20, 2009 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meeting starts at 6:30. The guest speaker will Anthony W. Hinkle, Esq., Managing Partner of the Philadelphia/Blue Bell Office of Cipriani & Werner. Mr. Hinkle will talk about The Do's and Don't of Claims.

A member of the American, Pennsylvania and Philadelphia County Bar Associations, Mr. Hinkle took his B.A. in economics and psychology at Wabash College, and earned both his J.D from the University of Pittsburgh School of Law and an M.S. from Carnegie Mellon University's Heinz School in a dual-degree program.

Mr. Hinkle is admitted to practice in all Pennsylvania State Courts, local United States District Courts, and the United States Third Circuit Court of Appeals. He concentrates on insurance liability litigation, including product, motor vehicle, and premises liability matters. A significant part of his practice is also devoted to employer/employee relations and to commercial contract and construction litigation.

Mr. Hinkle's discussion of The Do's and Don'ts of Claims will be of interest to appraisers in all disciplines. Please register early for this educational and productive evening which qualifies for one hour of ASA Continuing Education Credit.

Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by May 16 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).

Update: Current Topics in Business Valuations Seminar

2009-04-04T15:18:00.000-04:00

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.

Register before April 17 and pay only $350 per person. Regular registration thereafter or at the door is $400. 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

2009-03-27T10:23:00.002-04:00

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

2009-03-13T11:07:00.001-04:00

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.

NYC: Current Topics in Business Valuation

2009-02-20T10:06:00.000-05:00

The seventeenth annual Current Topics in Business Valuations seminar, presented by the New York City Chapter, qualifies for 8 hours ASA and CPE credit, and covers the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It's ideal for business appraisers and others at all levels. The impressive line-up of speakers, panelists and topics promises a lively and informative day. For more information and to register online visit the ASA NYC Calendar.

March Meeting: Art Conservation

2009-02-17T20:30:00.000-05:00

The March Chapter Meeting will be held on Wednesday, March 18, 2009 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meeting starts at 6:30. The guest speaker will be Susan Duhl, an Art Conservator and Collections Manager in private practice in Bala Cynwyd, PA. Ms. Duhl will talk about Art Conservation And Maintaining Art As A Tangible Asset.

Susan Duhl is a graduate of the Art Conservation Department, Cooperstown Program, State University College at Buffalo and a Professional Associate of the American Institute for Conservation. Her practice specializes in the treatment of works on paper and in preservation consultations for museums, libraries, archives, governmental agencies, and private clients. Recent clients include the Library of Congress, the State of New Jersey Division of Records and Archives Management, and the General Sciences Library of South Viet Nam.

Ms. Duhl will talk about Art Conservation and its relationship to art, artifact, and library collections as tangible asserts, including a detailed discussion of care, management, and preservation issues. She will address participant's concerns in a post-presentation Q&A period.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by 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).

Business Valuation Seminar: April 2009

2009-01-02T15:59:00.005-05:00

The Philadelphia Chapter of the American Society of Appraisers (ASA) is sponsoring a two-day Business Valuation Seminar on Thursday, April 23 and Friday, April 24, 2009 at the Doubletree Guest Suites Hotel in Plymouth Meeting, PA. The first day will cover the theory and practice of Monte Carlo Simulation. The second, programmatically independent, day will cover Real Options Valuations. Participants may register for one or both days. The instructors will be David Ewert, Ph.D and Kevin P. Couillard, ASA, who teach similar workshops in ASA's CAVS series.

Overview. As business valuation appraisals become more complex -- and third-party scrutiny escalates -- appraisers need models and tools that accurately portray the impact of uncertainty. The workshops will use hands-on exercises and case studies to examine the effect of uncertainty on value. Each day's program will qualify for eight hours of ASA Continuing Education Credit.

Monte Carlo Simulation. Monte Carlo methods, which rely on repeated random sampling, are often used to calculate the value of companies, corporate projects, and securities investments. Compared to so-called "what if" scenarious, which manually assign a few discrete values covering a wide range (such as best case, worst case, and most likely case), Monte Carlo simulation produces thousands of narrowly clustered outcomes, yielding more accurate, less uncertain valuation predictions.

Real Options Valuation. In real options valuation (ROV), the general ideas from financial options pricing theory -- the valuation of puts, calls and complex derivatives -- are applied along with some of the mathematics, such as Monte Carlo simulation, to the valuation of investments such as R&D projects, new drugs, mineral rights, or patents. The benefit of ROV as a technigue for evaluating investments under conditions of uncertainty, is that it provides a way of capturing value that otherwise goes unrecognized in traditional NPV analysis.

David Ewert, Ph.D is President of Atwood Conger & Ewert, LLC, an Atlanta, GA firm that provides financial and project management training and consulting services. An engineering graduate of Iowa State University, he earned an MS at the University of Minnesota, and a PhD in finance at Stanford University. Dr. Ewert is Professor Emeritus of Finance and Director Emeritus of the Executive MBA program at Georgia State University. A co-author of "Obtaining Unsecured Loans" for the Dow Jones Irwin Treasurer's Handbook, he has presented financial management seminars on six continents.

Kevin P. Couillard, ASA is Executive Director of FairValue Advisors, LLC, an Alpharetta, GA professional services firm specializing in business valuation, litigation support and management advisory services. A chemical engineering graduate of the Georgia Institute of Technology, Mr. Couillard earned an MBA in finance from Georgia State University, and is a Chartered Financial Analyst (CFA). He specializes in the valuation of businesses, limited-market business interests, and intangible assets and providing expert testimony regarding valuation matters.

Daily Timetable
Registration, Buffet Breakfast	7:30 am-8:00 am
Morning Session*	8:00 am-12:15 pm
Lunch	12:15 pm-1:15 pm
Afternoon Session*	1:15 pm-5:30 pm
*Morning and Afternoon Sessions include Refreshment Break

Seminar Fees. The seminar registration fee is $325 per day. The fee includes breakfast, snacks and lunch.

Additional Information. A seminar brochure, including additional information, a registration form, refund and cancellation policies is available in PDF format [18 KB]. Brief biographies of the instructors are also available [PDF: 22 KB]. For all other questions, including continuing education credits for your organization, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500.

January Meeting: Reducing Referral Anxiety

2008-12-30T21:03:00.002-05:00

The January Breakfast Meeting will be held on Wednesday, January 21, 2009 at the Doubletree Guest Suites in Plymouth Meeting, PA at at 8:00 am. The guest speaker will be Steve Bauer, founder of The Referral Academy in Erdenheim, PA, who will talk about Reducing Referral Anxiety.

A graduate of Bucknell University and Villanova's MBA program, Steve Bauer's experience stems from 8 years at The CIT Group and 17 with The Three Marketeers, the promotions and marketing firm he owns with his wife, Beth. Steve's thesis is that anxiety often blocks referrals to the best opportunities. His breakfast talk will explore some of the causes of referral anxiety and the methods that can be used to reduce it. Expect a lively meeting! An active volunteer with community and professional organizations, Steve says he enjoys interacting with business professionals in the classroom, and through coaching and consulting.

Reducing Referral Anxiety is sure to be interesting, and qualifies for one hour of ASA Continuing Education Credit. The Breakfast is FREE for members and $25 for guests. Family members, colleagues, and associates are welcome! Make checks payable to ASA Philadelphia Chapter 35. Please RSVP 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).

IRS Charitable Contribution Rules

2008-10-28T19:33:00.003-04:00

The November Chapter Meeting will be held on Wednesday, November 19, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meeting starts at 6:30. The guest speakers will be IRS attorneys Susan Kassell, Esq. and Nancy Lee, Esq. who will talk about What Appraisers Should Know About Proposed IRS Regulations on Income Tax Charitable Contributions Under Section 170.

Ms. Kassell is Senior Counsel in the IRS Office of the Associate Chief Counsel (Income Tax & Accounting) in Washington, D.C. With the IRS since 1995, she has conducted guidance projects and published private letter rulings on the deductibility of charitable contributions under Section 170. Working in the same office, Ms. Lee has specialized in Section 170 charitable contribution issues.

Their presentation will cover general rules for deducting charitable contributions, and specific rules -- both current and proposed -- for substantiating charitable contributions, including rules added by the Jobs Act of 2004 and the Pension Protection Act of 2006.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by November 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).

Reminder: The Chapter meeting follows the eight-hour Report Preparation Course (ASA ME210) taught by Charles C. Dixon, ASA at the same venue. The seminar is of interest to both appraisers of Machinery and Equipment as well as of Personal Property and is considered useful for both candidates writing reports as well as seasoned appraisers who want to catch up on the most recent data. Click here to register.

September Meeting: Tales from the President's Table

2008-09-11T20:57:00.000-04:00

The September Chapter Meeting will be held on Wednesday, September 17, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meetings starts at 6:30. The guest speaker will be American antique collector Set Charles Momjian, who will present Tales from the President's Table, a program about his collection of White House china and his experiences as an advisor to five Presidents.

A retired executive with Ford Motor Company, Mr. Momjian has served as the United States Representative to the United Nations and as a member of the President's Commission on the Restoration of the White House Offices. Besides White House china, Mr. Momjian's varied collections include 19th century American paintings and sculptures, antique toys, and books.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by September 12 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).

PICPA Seminar: Valuations for Tax Purposes

2008-08-16T08:50:00.000-04:00

The Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) will offer a daylong seminar, Valuations for Tax Purposes, at the Springfield Country Club in Springfield , PA 19064 on Wednesday, September 24, 2008 from 9:00 am to 5:00 pm. Presenters will include Rod P. Burkert CPA/ABV, CVA, Scott P. Borsack, Esq., and John J. Barton, CPA, ASA. The seminar will include a Business Valuation case study, an update on case law relating to valuation practice, and a discussion of the Pension Protection Act. Program details, credits, fees, and registration information is available in the course description.

October 2008: USPAP Update Course

2008-08-06T07:09:00.001-04:00

The Philadelphia ASA Chapter will offer the 7-hour Uniform Standards of Professional Appraisal Practice (USPAP) Update Course on Wednesday, October 15, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The course will be conducted by Robert J. Luciani, ASA, an AQB Certified USPAP Instructor, and past ASA Regional Governor, J. Mark Penny, ASA of Hempstead & Co., Inc. in Somerdale, New Jersey. The course, which is required for all ASA members and all State Licensed Real Property Appraisers, is for appraisers who have already completed the full USPAP course. It covers critical changes and revisions to USPAP that significantly impact every practicing appraiser. Registration is at 8:30 am; the class is from 9:00 am to 5:00 pm. The cost is $129 per person. Please confirm your reservation by sending your check, made payable to ASA Philadelphia Chapter 35, by October 1 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). Please include your name, address, telephone and State License Number, if applicable.

October: Seminar on 18th and 19th Century Philadelphia Furniture

2008-07-23T20:39:00.002-04:00

The Philadelphia Chapter of the American Society of Appraisers will hold a one-day, hands-on Furniture Seminar at Girard College in Philadelphia on Wednesday, October 15, 2008 from 9:30 am to 3:30 pm. The seminar will be conducted by Philip D. Zimmerman, Ph.D., a widely-recognized museum and decorative arts consultant.

Dr. Zimmerman, whose most recent book is American Federal Furniture and Decorative Arts From the Watson Collection, will base his seminar on the 18th and 19th century Philadelphia furniture in the Stephen Girard Collection in the College museum. The furniture (1780-1830) was used by Girard, a millionaire banker and financier of the Revolutionary era, in his 23 North Water Street townhouse. Happily, we also have his archives listing the maker, year and purchase price for many of the pieces.

Dr. Zimmerman, who earned his Ph.D. at Boston University in American and New England Studies, is a former curator of the Currier Gallery of Art in Manchester, NH. An authority on early American furniture, he served as Director of the Historical Society of York County and later as Director of the museum collections division at Winterthur.

Tuition for the seminar, which includes continental breakfast and lunch, is $175 for ASA members and candidates, $195 for all others. Additional information and the registration form, returnable with payment by October 1, 2008, is contained in the seminar brochure [PDF: 15 KB]. Early registration is strongly recommended for this unique seminar.

November Meeting & ME210 Report Preparation Course

2008-07-14T14:34:00.003-04:00

The Philadelphia Chapter and the Machinery & Technical Specialties (M&TS) Committee will offer a one day Report Preparation Course (ASA ME210) to coincide with the Chapter Meeting on Wednesday, November 19, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The course, which qualifies for eight hours of ASA Continuing Education Credit, will be taught by Charles C. Dixon, ASA.

The course, which will be useful to candidates and seasoned appraisers alike, will integrate the report writing requirements of the Uniform Standards of Appraisal Practice (USPAP) and the American Society of Appraisers. Directed primarily to M&TS and Personal Property appraisers, it will cover:

• Report objectives
• USPAP requirements
• ASA report requirements
• Reviewers' requirements
• Typical problems with reports

• Report preparation
• Report self-audit
• M&TS reviewer's checklist
• A sample report

Tuition for the course is $235 for ASA members, $255 for all others. Registration information is available on the ASA National website. Additional information about the course is available from the instructor.

May Meeting: Making the Most of Your Website

2008-05-07T11:47:00.000-04:00

The May Chapter Meeting will be held on Wednesday, May 21, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meetings starts at 6:30. The guest speaker will be Kevin Fitzsimmons of WSI Marketing who will talk about "The Best Way to Utilize Your Company Website." A graduate of Drexel University, Mr. Fitzsimmons has done marketing, advertising and promotions for the Bell Atlantic Yellow Pages, AT&T Broadband, his own company, and now for We Simplify the Internet (WSI). The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by March 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).

ASA Northern NJ Events

2008-05-06T13:41:00.001-04:00

Thursday, May 15, 2008: The Multidisciplinary Appraisal Lecture and Tour of the historic Masonic Hall Grand Lodge in New York City features discussions by Ellen Epstein, ASA, Joe Novelli, ASA, and Paul Roberts, ASA. The event is co-sponsored by RICS, the Royal Institute of Chartered Surveyors.
Friday, May 16, 2008: ASA International President, John Willey, FASA, will offer the 7-hr USPAP Update Course at the Holiday-Inn-Harmon Meadows in Secaucus. The course is for appraisers who've already taken the full course.

NYC: Current Topics in Business Valuation

2008-04-12T20:33:00.003-04:00

The sixteenth annual Current Topics in Business Valuations seminar, presented by the New York City Chapter, qualifies for 8 hours ASA and CPE credit, and covers the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It's ideal for business appraisers and others at all levels. The impressive line-up of speakers, panelists and topics promises a lively and informative day. Download the conference brochure (PDF: 15 KB), then register online or by mail.

March Meeting: Employee Retention

2008-02-24T09:11:00.002-05:00

The March Chapter Meeting will be held on Wednesday, March 19, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meetings starts at 6:30. The guest speaker will be management consultant Harry L. Beisswenger of Beisswenger Associates Inc. who will talk about Hiring And Retaining The Best People. A graduate of Lafayette College, Mr. Beisswenger's first company, Compute-R-Systems, was acquired by Control Data Corp. in 1984. Renamed Quorum Systems, it became the largest provider of automated billing and financial software to the legal industry. Subsequently, Mr. Beisswenger has helped other companies hire, and retain the best employees through the use of personality, honesty, and integrity assessments. The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by March 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).

May: Ivory and Its Look-A-Likes

2008-02-14T15:15:00.002-05:00

The Philadelphia ASA Chapter will sponsor an all-day hands-on seminar in which participants will learn to distinguish Ivory and Its Look-A-Likes on Friday, May 16, 2008 from 8:30 am to 3:30 pm at the Historic Joseph Ambler Inn at 1005 Horsham Rd, North Wales, PA 19454 . Instructor Shirley Sue Swaab, ASA, who is a member of the International Ivory Society, has appeared at museums and historical societies from New Jersey to Florida, from Washington, DC to California. Her hallmark is the use of items from her own collections to create hands-on presentations.

Ms. Swaab will use the morning session of Ivory and Its Look-A-Likes to explain the basics of ivory identification. The afternoon session will be devoted to hands-on identification of ivory, real and fake, from over 150 samples. Participants may bring in their own samples for examination, and should come equipped with a magnifying glass.

This hands-on seminar costs $175 for ASA, AAA, and ISA members, $195 otherwise, and includes Continental breakfast, lunch, and morning and afternoon snack breaks. The program qualifies for 7 hours of ASA Continuing Education Credit. For more information and to register, please view the seminar brochure, then call Ms. Swaab at 215-635-2260.

April: Business Valuation Seminar

2008-02-04T11:57:00.005-05:00

The Philadelphia ASA Chapter is sponsoring a daylong Business Valuation Seminar on Friday, April 18, 2008 starting at 8:30 am (registration: 8:00 am) at the Doubletree Guest Suites Hotel in Plymouth Meeting, PA. The seminar will covers tools and techniques, contemporary analyses, and case studies in evolving areas of business valuation.

A synopsis of the program follows. (Full details are in the seminar brochure.)

8:00 AM: Registration
8:30 AM: Theory and Application of the Van Vleet SEAM Model: Daniel R. Van Vleet, ASA, Managing Director at Duff & Phelps in Chicago, will discuss his SEAM Model for S Corporation valuation. A nationally recognized expert on the valuation of businesses, fractional equity interests, S Corporations, and other pass-through entities, Mr, Van Vleet is the author of many articles on advanced business valuation concepts and a contributor to several valuation textbooks.
10:15 AM: Coffee Break
10:30 AM: Van Vleet SEAM Model Cont'd
12:15 PM: Lunch Break
1:15 PM: Blockage Discounts -- Where Theory & Practice Meet: Lester Barenbaum, Ph.D., Managing Director at Financial Research Associates in Bala Cynwyd and Professor of Finance at La Salle University, and Walter Schubert Ph.D., also a Professor of Finance at Lasalle University, will discuss blockage discounts and the recent Court decisions that have pushed the concept from a notion to an empirically determined discount. Popular guest speakers, Messrs. Barenbaum and Schubert are, with Robert Feder, co-authors of The Family Lawyer's Guide to Stock Options published by the American Bar Association (2007).
2:30 PM: Coffee Break
2:45 PM: Trapped-In Capital Gains: John J. Barton, ASA, the Principal of Brandywine Valuation Consultants in Lyndell, PA, will discuss trapped-in capital gains in the valuation of C and S Corporations and partnerships. Active in the ASA, Mr. Barton currently serves as Vice Chairman of the Business Valuation Committee, and has taught ASA valuation courses around the world. A frequent speaker at professional meetings and conferences, he has written for Practitioners' Publishing Company.
4:00 PM: An Insider’s Understanding of Real Estate Appraisals: John E. Doyle, MAI of Doyle Real Estate Advisors in Philadelphia will examine real estate appraisals from a business valuation viewpoint. Licensed in 11 states, Mr. Doyle serves as a reviewer of commercial appraiser reports for HUD. He has also has provided legal testimony and case management service for many of Philadelphia's largest law firms.
5:00 PM: Seminar Closes

Business Valuation Seminar Registration Fees
	ASA Members	Non-Members
Individuals	$245	$275
Same firm, multi-party	$220	$250

Registration includes Continental breakfast, full buffet lunch, and morning and afternoon snack breaks. The program qualifies for 7 hours of ASA Continuing Education Credit. Seating for this popular seminar is limited, so please register early to avoid disappointment.

Please mail registration checks -- payable to "ASA Philadelphia Chapter" -- to Executive Secretary Joanne Paciello at 8 Terrace Rd, Plymouth Meeting, PA 19462 by April 4. The registration form and full details of the seminar are contained in the seminar brochure. Additional information is available from Ms. Paciello by email, phone (610-277-1366) or fax (610-277-1366), and from seminar coordinator Robert M. Haas, Jr., ASA by or phone (215-887-6500).

January Meeting: Breakfast with Monica Malpass

2007-11-20T10:51:00.000-05:00

The January Breakfast Meeting will be held on Wednesday, January 16, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA at 8:00 am. The guest speaker will be WPVI TV-6 Action News lively and knowledgeable co-anchor, Monica Malpass who will talk about The Media and the Future of Philadelphia.

Monica Malpass, who has a B.A. in Journalism from the University of North Carolina at Chapel Hill and a M.A. in Political Science from Villanova University, also anchors the political discussion program Inside Story, and authors WPVI's political podcasts, blogs, and web book reviews. An award-winning journalist -- recently inducted into the Broadcast Pioneers Hall of Fame -- Monica is the veteran of many national and international assignments, including coverage of every election since 1988. A spokesperson for the Philadelphia Free Library, she is active in civic and charitable organizations, including the Children's Hospital of Philadelphia and the American Heart Association.

Breakfast with Monica Malpass is sure to be interesting, and qualifies for one hour of ASA Continuing Education Credit. The Breakfast is FREE for members and $25 for guests. Family members, colleagues, and associates are welcome! Make checks payable to ASA Philadelphia Chapter 35. Please RSVP 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).

November Meeting: Personal Property

2007-10-20T21:06:00.000-04:00

The November Chapter Meeting will be held on Wednesday, November 14, 2007 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meetings starts at 6:30. The guest speaker will be Shirley Sue Swaab, ASA, who will talk about A Collector's Unusual Collection. Much in demand for her sprightly lectures and hands-on seminars, Ms. Swaab has appeared at museums and historical societies from New Jersey to Florida, from the Smithsonian in Washington, DC to California. Her hallmark is the use of items from her own collection to create hands-on presentations, as she did the past two Springs in all-day seminars on Silver and Ceramics for the Philadelphia Chapter. A leading appraiser of Personal Property accredited in Antiques & Decorative Arts, as well as in Residential Contents, she was the recipient of the prestigious George D. Sinclair Professionalism Award for 2007. The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP 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).

Advanced Business Valuation Conference

2007-08-19T14:57:00.001-04:00

The 2007 ASA Advanced Business Valuation Conference will be held on Monday-Wednesday, October 29-31, 2007 at the Sheraton San Diego Hotel & Marina in San Diego, California. Offering up to 19.5 CPE credit hours and reaccreditation credits, plus optional workshops, the Conference sessions include:

FASB Current Thoughts on Fair Value
State of Business Valution
Business Combinations under SFAS 141R
SFAS 157, SFAS 159 and Beyond
Company-Specific Risk: New Theories
Estimating the Cost of Equity Capital
Fairness Opinions: Issues and Analyses
IP Valuation: A New Look
Implementing 409A and SFAS 123R
Discounts and Premiums
Adjusting Multiples: Guideline Public Companies
Advanced Modeling for Holding Company Valuation
The Market Approach vs. The Income Approach
Discount Rate in a Global Environment
Discounts for Lack of Marketability
Business Valuers and Financial Reporting
IRS Wants to Help You Stay Out of Trouble
The Business Appraiser as an Expert Witness

For additional information, to register for the Conference, or to sign up as an exhibitor, visit the 2007 ASA Advanced Business Valuation Conference website.

September Meeting: Installation Dinner

2007-07-21T17:57:00.000-04:00

The September Chapter Meeting will be held on Wednesday, September 19, 2007 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meetings starts at 6:30. Join us for the installation of Chapter President Robert Ardinger, ASA and the other 2007-2008 Chapter Officers. The guest speaker will be Jay E. Fishman, FASA, who will explain How The IRS Wants To Help You Stay Out of Trouble. A Managing Director of Financial Research Associates in Bala Cynwyd, Mr. Fishman is the author of several books, including Standards of Value: Theory and Applications, with Shannon P. Pratt, and William J. Morrison, and Guide to Business Valuations. He has qualified as an expert witness in eleven states, and taught business valuation for the IRS, AICPA, the National Judicial College, the Hong Kong Society of Accountants, and the World Bank in Russia. Learn from a master, celebrate the new Officers, and enjoy an evening with friends. The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, , phone (610-277-1366) or fax (610-277-1366).

ASA Philadelphia Calendar

ASA 2009 International Conference

May Meeting: Best Practices for Insurance Claims

Update: Current Topics in Business Valuations Seminar

Fall 2009: Personal Property Seminars

March: Real Property Seminar

NYC: Current Topics in Business Valuation

March Meeting: Art Conservation

Business Valuation Seminar: April 2009

January Meeting: Reducing Referral Anxiety

IRS Charitable Contribution Rules

September Meeting: Tales from the President's Table

PICPA Seminar: Valuations for Tax Purposes

October 2008: USPAP Update Course

October: Seminar on 18th and 19th Century Philadelphia Furniture

November Meeting & ME210 Report Preparation Course

May Meeting: Making the Most of Your Website

ASA Northern NJ Events

NYC: Current Topics in Business Valuation

March Meeting: Employee Retention

May: Ivory and Its Look-A-Likes

April: Business Valuation Seminar

Business Valuation Seminar Registration Fees

January Meeting: Breakfast with Monica Malpass

November Meeting: Personal Property

Advanced Business Valuation Conference

September Meeting: Installation Dinner