VALUATION AND APPRAISAL SERVICES
|
|
- Delilah Lambert
- 5 years ago
- Views:
Transcription
1 VALUATION AND APPRAISAL SERVICES
2 The Right Answer for Insurable Values Are you getting the right advice to complete your statement of value for insurance placement? A well-advised Statement of Value for insurance placement purposes is beneficial for risk management and can result in significant cost savings for you and your business. At MNP, our team of professional appraisers have comprehensive experience developing cost estimates on a multitude of properties, contents and equipment assets, as well as managing appraisal programs for larger entities. Reasons to Obtain an Estimate of Insurable Value Knowing the exact requirements of your insurance policy can protect you against inadequate coverage while avoiding paying excess premiums. The stress of a loss can be greatly diminished with a complete documented asset listing. MNP s Valuation and Appraisal team will work with your insurance provider to ensure an accurate statement of value for insurance placement consistent with your policy. Our professional appraisers have the highest level of qualifications and necessary experience to determine value. MNP also maintains work files for at least seven years after completion of the assignment, which means you have access to readily available and reliable documentation in the event of a loss. Premise of Value Insurance appraisals assist in completing the Statement of Value for insurance coverage that will indemnify the insured against loss. The Premise of Value is a matter to be consistent with the specific insurance policy. Costing is primarily based on estimating Replacement Cost New. If the circumstance presents itself, however, we can complete the estimate of Reproduction Cost New for example, in the case of a character or historic building, fine arts, sculptures and murals. Some policies require Insurance Value Depreciated or Actual Cash Value. The value estimate we provide will be consistent with your policy.
3 MNP s Approach MNP s valuation specialists approach each engagement by developing a thorough understanding of your needs right from the start. From there, project planning determines the scope of work, overall timing and scheduling which leads to a discussion on the quantity and format of the deliverables. in general, our process proceeds as follows: 1. Determine appraisal inclusions and exclusions in detail, in conjunction with a review of the requirements of the insurance policy. 2. Discuss optimal timing of site visit, safety and security standards and site contact(s) information for the inspection. 3. Review your existing records; (maintenance and / or accounting), building layout diagram, blueprints, plans and construction related data for the building facility. 4. Physical inspection of building structure, including: a) An internal and external inspection of the building structure or leasehold improvements, inclusive of a series of photographs (subject to any sensitivity); b) Gather / confirm details on structural components, identify the age of the structure(s), measure dimensions; c) Seek information pertaining to the use and history of the property through discussions with the on-site representative and observation; d) Inventory site improvements such as roadways, parking areas, landscaping, outdoor lighting and fencing (optional); 5. Physical Inspection of machinery and equipment, including: a) A physical inspection of a reasonable sample of the equipment or fixtures. b) Review the asset listing provided from your internal records that outlines the model, age, capacity, etc. of the equipment assets (we will amend the listing as required to ensure a complete and accurate inventory of assets); 6. Complete a detailed listing of each building and the building components thereof. 7. Complete a detailed listing of contents or equipment assets within each building and facility, documenting the make, model and serial numbers as appropriate and referencing their location. 8. Estimate the Replacement Cost for each building structure utilizing the Segmented Cost Method in the Marshall Valuation Service Costing Manual. As part of this process, we will (subject to agreement and provisions in the insurance policy) separate some underground building components that are rarely destroyed in fire. We will utilize other published costing manuals to cross-check the costs estimates, including RSMeans / Reed Construction Data publications and the Cuthbert Smith Construction Cost Guide, as well as information we obtain from local contractors.
4 9. Estimate the replacement cost of site improvements using similar resources. The preferred costing method for this classification is to utilize a square foot cost allowance, consistent with the occupancy (optional). 10. Investigate current building codes with respect to significant enhancement requirements for new structures, accounting for potential additional costs that might be incurred in the event of reconstruction; focusing on fire protection requirements (fire sprinklers / fire walls) and access (ramps, elevators) (optional). 11. Review land use bylaws restrictions to determine compliance of the structures, particularly in terms of parking requirements (optional). 12. Estimate cost of demolition and debris removal of building structures in the event of a loss. The preferred model is based on the assumption of a 60% loss factor with 40% of the building components requiring demolition and debris removal to facilitate reconstruction (optional). 13. Estimate the replacement cost of building contents and equipment assets by contacting suppliers, referencing catalogues and websites and referencing our in-house database. Market knowledge is critical in determining the closest replacement asset available in terms of utility. 14. Rigorous review of the market to determine installation costs and indirect costs related to having the equipment assets back into operation. 15. Complete a detailed reporting of the appraisal process and conclusions. Our work is in conformance with the standards set forth by the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and the Uniform Standards of Professional Appraisal Practices (USPAP).
5 Advice You Can Rely On We are designated professionals that adhere only to best practices. Building structures are appraised by senior accredited members; Accredited Appraiser of the Canadian Institute ( AACI ); of the Appraisal Institute of Canada*. *Founded in 1938, the Appraisal Institute of Canada ( AIC ) is the premier real property valuation association in Canada. AIC members are highly qualified valuation professionals who undertake a rigorous program of professional studies, examination and experience before being granted a designation. All contents (machinery and equipment) being valued will be completed by a senior accredited member of the American Society of Appraisers** as well as a member of the Royal Institute of Chartered Surveyors***. **American Society of Appraisers ( ASA ) accredited appraisers are experts. The meticulous ASA accreditation process ensures that ASAaccredited appraisers are accurate, impartial, and credible. They are educated and experienced in their fields and are respected members of their communities. They can deliver independent valuations that assure your property is appraised at its fair market value. ***Royal Institute of Chartered Surveyors ( RICS ) is the world s leading professional body for qualifications and standards in land, property and construction. As people, governments, banks and commercial organizations continue to demand more assurance of certified standards and ethics, attaining RICS status is the recognized mark of property professionalism. We have experience in completing appraisals across the globe for some of the largest insurance companies. We understand their policies and tailor our product to conform to their needs while being specific to the insurance policy.
6 ABOUT MNP MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our clients in the public, private and not-for-profit sectors. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world. For more information on our Valuation & Appraisal Services contact Chris Perret, B.Comm, MRICS, AACI, CBV at or chris.perret@mnp.ca or Paul Leung, ASA, MRICS at or paul.leung@mnp.ca Visit us at MNP.ca Praxity AISBL is a global alliance of independent firms. Organised as an international not-for-profit entity under Belgium law, Praxity has its executive office in Epsom. Praxity Global Alliance Limited is a not-for-profit company registered in England and Wales, limited by guarantee, and has its registered office in England. As an Alliance, Praxity does not practice the profession of public accountancy or provide audit, tax, consulting or other professional services of any type to third parties. The Alliance does not constitute a joint venture, partnership or network between participating firms. Because the Alliance firms are independent, Praxity does not guarantee the services or the quality of services provided by participating firms. 0159M-15
Canadian Standards and Quality Valuations an AIC Advantage. Dan Brewer AACI, P. App AIC President
1 Canadian Standards and Quality Valuations an AIC Advantage Dan Brewer AACI, P. App AIC President 2 Canadian Uniform Standards of Professional Appraisal Practice - CUSPAP AIC has published CUSPAP for
More informationSUBJECT: Unacceptable Assignment Conditions in Real Property Appraisal Assignments
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 ADVISORY OPINION 19 (AO-19) This communication by the Appraisal Standards Board (ASB) does not establish new standards
More informationASA MTS CANDIDATE REPORT REVIEW CHECKLIST INSTRUCTIONS (Effective as of January 01, 2018) Basic Report Requirements and General Report Quality
ASA MTS CANDIDATE REPORT REVIEW CHECKLIST INSTRUCTIONS (Effective as of January 01, 2018) Basic Report Requirements and General Report Quality This checklist was designed to be a useful resource tool by
More informationDemonstration Appraisal Report Utilizing a Form Report
Demonstration Appraisal Report Utilizing a Form Report National Association of Independent Fee Appraisers 330 North Wabash Avenue, Suite 2000 Chicago, IL 60611 Phone: (312) 321-6830 Fax: (312) 673-6652
More informationHow to Read a Real Estate Appraisal Report
How to Read a Real Estate Appraisal Report Much of the private, corporate and public wealth of the world consists of real estate. The magnitude of this fundamental resource creates a need for informed
More informationBUSI 398 Residential Property Guided Case Study
BUSI 398 Residential Property Guided Case Study PURPOSE AND SCOPE The Residential Property Guided Case Study course BUSI 398 is intended to give the real estate appraisal student a working knowledge of
More informationINVENTORY POLICY For Real Property
INVENTORY POLICY For Real Property (Consolidated Revenue Fund Entities) Page 1-10 CONTENTS 1. TITLE... 3 2. OVERVIEW... 3 3. PURPOSE... 3 4. POLICY STATEMENT... 3 5. APPLICATION... 7 6. EVALUATION AND
More informationBoundary Disputes. Geomatics Client Guides. A clear impartial guide to... Check. They re Chartered.
Check. They re Chartered. Geomatics Client Guides A clear impartial guide to... Boundary Disputes Property Registration Boundary Dispute Resolution Boundary Identification and Demarcation A clear, impartial
More informationINVENTORY POLICY For Real Property
INVENTORY POLICY For Real Property (Broader Public Sector Entities) Page 1-12 CONTENTS 1. TITLE... 3 2. OVERVIEW... 3 3. PURPOSE... 3 4. POLICY STATEMENT... 3 5. APPLICATION... 7 6. EVALUATION AND REVIEW...
More informationREQUEST FOR PROPOSAL (RFP) RFP AS. Appraisal Services Valuation of DBHA Properties
REQUEST FOR PROPOSAL (RFP) RFP 2019-01AS Appraisal Services Valuation of DBHA Properties Daytona Beach Housing Authority (DBHA) 211 N Ridgewood Ave Suite 300 Daytona Beach, FL 32114 (386) 253-5653 Terril
More informationAppendix I Definitions of Inspections and Surveys of Buildings (CIC Explanatory Leaflet)
Appendix I Definitions of Inspections and Surveys of Buildings (CIC Explanatory Leaflet) Introduction Professionals carry out many different types of inspections, each for a particular reason and each
More informationOUR APPROACH AND ETHOS TO A PROFESSIONAL PROPERTY MANAGEMENT & SURVEYING SERVICE
OUR APPROACH AND ETHOS TO A PROFESSIONAL PROPERTY MANAGEMENT & SURVEYING SERVICE 26 Rosecroft Gardens, Twickenham, Middlesex, TW2 7PZ : 020 7183 9020 : 020 7183 9021 : neil@myhomesurveyor.co.uk My Home
More informationFILE: EFFECTIVE DATE: May 15, 2013 AMENDMENT: 1
APPROVED AMENDMENTS: Effective Date Briefing Note /Approval Summary of Changes: June 1, 2011 BN 175892 Policy and Procedure update to reflect reorganization of resource ministries April 2011 May 15, 2013
More informationVALUATION REPORTING REVISED Introduction. 3.0 Definitions. 2.0 Scope INTERNATIONAL VALUATION STANDARDS 3
4.4 INTERNATIONAL VALUATION STANDARDS 3 REVISED 2007 1.0 Introduction 1.1 The critical importance of a Valuation Report, the final step in the valuation process, lies in communicating the value conclusion
More informationAlways Accurate, Always on Time
Always Accurate, Always on Time Clearing the Air: Going-Concern Valuation vs General Valuation Knowing When you Can be Better Served by a More In-depth Valuation Expert Jan, 2015 Clearing the Air: Going-Concern
More informationTraining the Next Generation of Appraisers The S.T.A.R.T. Program - Standards to Assure Responsible Training:
Training the Next Generation of Appraisers The S.T.A.R.T. Program - Standards to Assure Responsible Training: An Industry Solution to the Declining Number of Appraisers Entering the Profession and Practical
More informationUniform Residential Appraisal Report (URAR) Model Appraisal
Basic Appraisal Procedures Residential Applications & Model Appraisals 15-13 Uniform Residential Appraisal Report (URAR) Model Appraisal On the following pages are examples of a completed Fannie Mae/Freddie
More informationOctober 1, Mr. Wayne Miller, Chair Appraiser Qualifications Board The Appraisal Foundation th Street, NW, Suite 1111 Washington, DC 20005
October 1, 2015 Mr. Wayne Miller, Chair Appraiser Qualifications Board The Appraisal Foundation 1155 15th Street, NW, Suite 1111 Washington, DC 20005 Dear Mr. Miller, I am honored to have the opportunity
More informationChapter 24 Saskatchewan Housing Corporation Housing Maintenance 1.0 MAIN POINTS
Chapter 24 Chapter 24 Saskatchewan Housing Corporation Housing Maintenance 1.0 MAIN POINTS The Saskatchewan Housing Corporation s maintenance of the 18,300 housing units it owns is essential to preserve
More informationMODULE 7-A: APPRAISALS, BPOS AND USPAP
MODULE 7-A: APPRAISALS, BPOS AND USPAP LEARNING OBJECTIVES One of the most challenging aspects of the real estate business is the development of prices or values of the rights to real estate. Buyers and
More informationREQUEST FOR PROPOSAL FOR. Appraisal Services. Office of the Special Deputy Receiver
REQUEST FOR PROPOSAL FOR Appraisal Services Office of the Special Deputy Receiver October 1, 2008 REQUEST FOR PROPOSAL ( RFP ) Appraisal Services BACKGROUND The Office of the Special Deputy Receiver (OSD),
More informationAnnouncement March 24, 2005
Announcement 05-02 March 24, 2005 Amends these Guides: Selling Final Appraisal Report Forms Part XI: Property and Appraisal Analysis Guidelines In Lender Announcement 04-07 dated November 8, 2004, we released
More informationValue of Real Estate Appraisers: Facing Expiration of Operating Agreements. Presented by: Adam G. Dickinson, AACI, P.App de Stecher Appraisals Ltd.
Value of Real Estate Appraisers: Facing Expiration of Operating Agreements Presented by: Adam G. Dickinson, AACI, P.App de Stecher Appraisals Ltd. Adam G. Dickinson, AACI, P.App. Appraiser/Owner de Stecher
More informationTHE APPRAISAL OF REAL ESTATE 3 RD CANADIAN EDITION BUSI 330
THE APPRAISAL OF REAL ESTATE 3 RD CANADIAN EDITION BUSI 330 REVIEW NOTES by CHUCK DUNN CHAPTER 1 Copyright 2010 by the Real Estate Division and Chuck Dunn. All rights reserved CHAPTER 1 - REAL PROPERTY
More informationAlways Accurate, Always on Time
Always Accurate, Always on Time U.S. Small Business Administration (SBA) Recent Changes to Standards of Operating Procedures (SOP) Qualified Appraiser and Remaining Economic Life June, 2015 Retail Petroleum
More informationChapter 8 VALUATION OF AND INFORMATION ON PROPERTIES. Definitions
Chapter 8 VALUATION OF AND INFORMATION ON PROPERTIES Definitions 8.01 In this Chapter:- (1) carrying amount means, for an applicant, the amount at which an asset is recognised in the most recent audited
More informationRESTRICTED APPRAISAL REPORT
Restricted Use Appraisal Report Thomas J. Schulte & Associates Page #1 RESTRICTED APPRAISAL REPORT SUBJECT ASSIGNMENT Property City: Zip Code: County: Legal Description: Assessor's Parcel #: Tax Year:
More informationChapter 37. The Appraiser's Cost Approach INTRODUCTION
Chapter 37 The Appraiser's Cost Approach INTRODUCTION The cost approach for estimating current market value starts with the recognition that a parcel of real estate contains two components - the land and
More informationAppraisal Stream Restricted Use Residential Appraisal Report
Appraisal Stream Restricted Use Residential Appraisal Report File No. 769kemplin This report is limited to the sole and exclusive use of the client. The appraiser's opinions and conclusions set forth in
More informationSAN FRANCISCO COMMUNITY COLLEGE DISTRICT
SAN FRANCISCO COMMUNITY COLLEGE DISTRICT Appraisal Report for Property Insurance Purposes Spot Appraisal Prepared for Table of Contents Appraisal Report PURPOSE THE ENGAGEMENT... 1 ENGAGEMENT... 2 EFFECTIVE
More informationData Verification. Professional Excellence Bulletin [PP-14-E] February 1995
Professional Excellence Bulletin [PP-14-E] February 1995 Although obviously a cornerstone of appraisal practice, data verification has not been considered a major problem to real estate appraisers in the
More informationThe Society of Chartered Surveyors Ireland - enhancing, advancing and enforcing professional standards in construction, land and property.
The Society of - enhancing, advancing and enforcing professional standards in construction, land and property. 1 Overview Independent Expert Qualified The Society of is the leading professional body for
More informationWhat is an Appraisal? Equity Valuations and Consulting Services Ltd.
What is an Appraisal? Equity Valuations and Consulting Services Ltd. Reid Umlah AACI designation since 1993 Principal of Equity Valuations and Consulting Services Ltd. Experience with First Nations Lands
More informationInternal Audit Report
Internal Audit Report TxDOT Internal Audit Division Objective To determine if objectives are being met and are in compliance with current regulations. Opinion Based on the audit scope areas reviewed, control
More informationExposure Draft of Proposed Changes to ADVISORY OPINION 21 (AO-21), USPAP Compliance
TO: FROM: RE: All Interested Parties Barry J. Shea, Chair Appraisal Standards Board Exposure Draft of Proposed Changes to ADVISORY OPINION 21 (AO-21), USPAP Compliance DATE: February 22, 2013 The goal
More informationTRANSACTION GUIDELINES AND VALUATION PROCEDURES
TRANSACTION GUIDELINES AND VALUATION PROCEDURES 1 Table of Contents 1.0 Transaction Guidelines Purpose...3 2.0 Application.3 2.1 Solicitation offers 2.2 Valuation 3.0 Valuation Procedures Purpose 5 4.0
More informationVHDA Low Income Housing Tax Credit Manual Version: K. Appraisal Guidelines
VHDA Low Income Housing Tax Credit Manual Version: 2018.1 K. Appraisal Guidelines VHDA LIHTC Program Page 119 Last Modified: 11/30/2017 Appraisal Information Appraisals are required to be submitted with
More informationCouncil Policy Name: Policy Statement and Rationale: Scope: Council Policy No.: C205 CAO 044. Date Approved by Council: May 26, 2015
Council Policy No.: C205 CAO 044 Council Policy Name: Date Approved by Council: May 26, 2015 Date revision approved by Council: Related SOP, Management Directive, Council Policy, Form Policy Statement
More informationDescription of the RICS HomeBuyer (Survey & Valuation) Service
Description of the RICS HomeBuyer (Survey & Valuation) Service The service The RICS HomeBuyer (Survey & Valuation) Service includes: an inspection of the property (see The inspection ) a report based on
More informationexpert surveyor reports T. W. LANDLES BSc (Hons) MRICS FNAEA MARLA
expert surveyor reports T. W. LANDLES BSc (Hons) MRICS FNAEA MARLA Chartered Surveyor- RICS Registered Valuer [Elected 1993] Tel: 01553 772816 Email: timlandles@landles.co.uk EXPERT REPORTS FOR LITIGATION
More informationBUSI 499 Income Property Guided Case Study
BUSI 499 Income Property Guided ase Study PURPOSE AND SOPE The Income Property Guided ase Study course BUSI 499 is intended to give the real estate appraisal student a working knowledge of the practical
More informationGuide Note 6 Consideration of Hazardous Substances in the Appraisal Process
Guide Note 6 Consideration of Hazardous Substances in the Appraisal Process Introduction The consideration of environmental conditions along with social, economic, and governmental conditions is fundamental
More informationTax Implications Of The Intellectual Property Valuation Process
Tax Implications Of The Intellectual Property Valuation Process Robert F. Reilly Robert F. Reilly is a managing director of Willamette Management Associates. He is a Certified Public Accountant, Accredited
More informationLease extensions a practical guide
ACSFILES/ARTICLES/Lease extensions a practical guide Lease extensions a practical guide Introduction The Leasehold Reform, Housing and Urban Development Act 1993 (the Act) gave tenants of certain types
More informationREVIEW SUBMISSION GOVERNMENT OF NEWFOUNDLAND & LABRADOR DEPARTMENT OF MUNICIPAL AFFAIRS & ENVIRONMENT MUNICIPAL LEGISLATION REVIEW 19 JANUARY 2018
REVIEW SUBMISSION GOVERNMENT OF NEWFOUNDLAND & LABRADOR DEPARTMENT OF MUNICIPAL AFFAIRS & ENVIRONMENT MUNICIPAL LEGISLATION REVIEW 19 JANUARY 2018 January 18 th, 2018 Government of Newfoundland & Labrador
More informationDescription of the RICS HomeBuyer (Survey & Valuation) Service
Description of the RICS HomeBuyer (Survey & Valuation) Service The service The RICS HomeBuyer (Survey & Valuation) Service includes: an inspection of the property (see The inspection ) a report based on
More informationTangible Personal Property Summation Valuation Procedures
Property Tax Valuation Insights Tangible Personal Property Summation Valuation Procedures Robert F. Reilly, CPA For ad valorem property taxation purposes, industrial and commercial taxpayer tangible personal
More information2015 Appraisal Guidelines
2015 Appraisal Guidelines Pursuant to Section 13 VAC 10-180-60 of the QAP, appraisals are required for all acquisition, acquisition/rehab and adaptive reuse developments, where the applicant is seeking
More informationBUILDINGS, LAND AND LAND IMPROVEMENTS
Approved: Effective: February 19, 2014 Office: Office of Comptroller, General Accounting Topic No. 350-090-315-g Department of Transportation BUILDINGS, LAND AND LAND IMPROVEMENTS PURPOSE: To define requirements
More informationProfessionals Providing Real Estate Solutions
Professionals Providing Real Estate Solutions Professionals Providing Real Estate Solutions Decisions to invest in, buy, or sell real estate almost always focus on one question. Whether the transaction
More informationA Study of Experiment in Architecture with Reference to Personalised Houses
6 th International Conference on Structural Engineering and Construction Management 2015, Kandy, Sri Lanka, 11 th -13 th December 2015 SECM/15/001 A Study of Experiment in Architecture with Reference to
More informationInternational Valuation Standards Update
International Valuation Standards Update Adam Smith Interim Technical Director of Business Valuation Standards OIV International Business Valuation Conference January 16, 2017 INTERNATIONAL VALUATION STANDARDS
More informationBLUEPRINT REAL ESTATE POLICY
DATE September 19,2007 TITLE BLUEPRINT REAL ESTATE POLICY ORG. AGENCY Blueprint Intergovernmental Agency APPROVED.01 STATEMENT OF POLICY The purpose of this administrative regulation is to establish a
More informationBUSI 352 Learning Objectives
BUSI 352 Learning Objectives Purpose and Scope of the Course The Case Studies in Residential Appraisal course (BUSI 352) explores the depth and breadth of knowledge around the valuation of residential
More informationAPARTMENT OWNERSHIP UNDER THE MULTI- UNIT DEVELOPMENTS (MUD) ACT 2011 AN OVERVIEW
APARTMENT OWNERSHIP UNDER THE MULTI- UNIT DEVELOPMENTS (MUD) ACT 2011 AN OVERVIEW Dating back to 1895, the Society of Chartered Surveyors Ireland is the independent professional body for Chartered Surveyors
More informationLetting your property with
Letting your property with RESIDENTIAL LETTINGS & PROPERTY MANAGEMENT Whether you have a single property or an expanding portfolio with complicated management requirements, our dedicated Lettings & Management
More informationReal Estate Group in Poland
Real Estate Group in Poland EY Real Estate Group is an international real estate consultancy firm. The scope of our services is tailored to the needs of each client, whether from a private or public sector.
More informationQRE ADVISORY SERVICES QRE. St. Martin s House, Waterloo Road, Dublin 4. Prepared by:
QRE ADVISORY SERVICES Prepared by: QRE St. Martin s House, Waterloo Road, Dublin 4 QRE QRE is a wholly owned subsidiary of the Space Property Group and was established to drive the innovations needed in
More informationAppraisal and Market Analysis of Indoor Waterpark Resorts
Appraisal and Market Analysis of Indoor Waterpark Resorts By David J. Sangree, MAI, CPA, ISHC An appraisal of an indoor waterpark resort is similar to other appraisals in that it is a professional appraiser
More informationMass Appraisal of Income-Producing Properties
Chapter 10 Mass Appraisal of Income-Producing Properties Whether valuing income-producing property or residential property, you can use similar information and methods for collecting and analyzing data
More informationIntangible Assets Valuation Best Practices in the US. Better Valuation for Better Financial Reporting Bocconi University, Milan Italy 22 June 2011
Intangible Assets Valuation Best Practices in the US Anthony V. Aaron, ASA, CFA Better Valuation for Better Financial Reporting Bocconi University, Milan Italy 22 June 2011 Agenda Valuation and Appraisal
More informationType of Costs, Obligations and Property Management Federal Programs
Type of Costs, Obligations and Property Management Federal Programs The Interlocal establishes and maintains board policies, administrative regulations, and administrative procedures on administration
More informationWhat are the accounting requirements for typical real estate lease, property, and investment property activities?
Course introduction This two-day course examines international financial reporting issues and their effect on real estate entities. Our specialist instructors discuss the critical issues that go beyond
More informationPage 1 of 5 STANDARD 3: APPRAISAL REVIEW, DEVELOPMENT AND REPORTING In performing an appraisal review, an appraiser acting as a reviewer must develop and report a credible opinion as to the quality of
More informationDescription of the RICS Condition Report Service
Description of the RICS Service 1 The service The RICS Service includes: an inspection of the property (see The inspection ); and a report based on the inspection (see The report ). The surveyor who provides
More informationReal Estate Appraisal Professional Standards
Real Estate Appraisal Professional Standards Summary This proposal is to amend the Florida Administrative Code (FAC) to allow a Certified Residential Appraiser or a Certified General Appraiser to use standards
More informationProperty Consultants making a real difference to your business
Property Consultants making a real difference to your business Making commercial sense of property Focused on commercial benefits Making property add value to your business In everything we do, we are
More informationCPPDSM4003A Appraise property
CPPDSM4003A Appraise property Unit descriptor Employability skills Prerequisite units Application of the unit Competency field Unit sector This unit of competency specifies the outcomes required to appraise
More informationAffordable housing expertise
we can find the land we can conduct a survey we can handle the conveyancing we can carry out the EPC we can arrange the mortgage and much more Affordable housing expertise Affordable housing expertise
More informationAnatomy Of An Appraisal
Anatomy Of An Appraisal Leslie A. Fields The most important thing to know about an appraisal report is how to review and critique it. Leslie A. Fields a partner with the Law Firm of Faegre & Benson LLP,
More informationILLINOIS HOUSING DEVELOPMENT AUTHORITY APPRAISAL SCOPE AND GUIDELINES December 2015
ILLINOIS HOUSING DEVELOPMENT AUTHORITY APPRAISAL SCOPE AND GUIDELINES December 2015 As part of the Common Application for Multifamily Financing, the Illinois Housing Development Authority (IHDA) requires
More informationEDGEFRONT REALTY CORP. MANAGEMENT S DISCUSSION AND ANALYSIS For the three-month period ended March 31, 2013
EDGEFRONT REALTY CORP. MANAGEMENT S DISCUSSION AND ANALYSIS For the three-month period ended March 31, 2013 May 30, 2013 MANAGEMENT S DISCUSSION AND ANALYSIS The following management s discussion and analysis
More informationPRINCIPLES OF VALUATION
PRINCIPLES OF VALUATION AMCHAM 20 th November 2018 Who am I and why am I giving this talk? Chartered Surveyor Real Estate degree 2 years working experience APC examination Qualified member of Royal Institution
More informationFirst Exposure Draft of proposed changes for the edition of the Uniform Standards of Professional Appraisal Practice
TO: FROM: RE: All Interested Parties Sandra Guilfoil, Chair Appraisal Standards Board First Exposure Draft of proposed changes for the 2012-13 edition of the Uniform Standards of Professional Appraisal
More informationQualification Snapshot CIH Level 3 Certificate in Housing Services (QCF)
Qualification Snapshot CIH Certificate in Housing Services (QCF) The Chartered Institute of Housing (CIH) is an awarding organisation for national qualifications at levels 2, 3 and 4. CIH is the leading
More informationSCOPE OF SERVICES Appraisal Consultant Services For SR 710/Beeline Highway FM
SCOPE OF SERVICES Appraisal Consultant Services For SR 710/Beeline Highway FM 2298961 This project will be divided into two separate groups of parcels, identified as Group A and Group B. The specific parcel
More information12. STAFF REPORT ACTION REQUIRED SUMMARY. Date: September 21, Toronto Public Library Board. To: City Librarian. From:
STAFF REPORT ACTION REQUIRED 12. Property Redevelopment Feasibility Date: September 21, 2015 To: From: Toronto Public Library Board City Librarian SUMMARY At the meeting on May 25 2015, the Toronto Public
More informationAppraisal Review Update: Trends and Best Practices for Lenders and Appraisers
Appraisal Review Update: Trends and Best Practices for Lenders and Appraisers Presenters: Eric Schwartz, MAI, SRA, AI-GRS Rob Moorman, MAI, SRA, AI-GRS AI Connect July 2016 Charlotte, N.C. 1 2 Meet the
More informationLand Value Estimates and Forecasts for Reston. Prepared for Reston Community Center April 2013
Land Value Estimates and Forecasts for Reston Prepared for Reston Community Center April 2013 LAND VALUE ESTIMATES AND FORECASTS FOR RESTON COMMUNITY CENTER Purpose of the Analysis RCLCO (Robert Charles
More informationAnthony Banfield, FRICS Banfield Real Estate Solutions Ltd
Anthony Banfield, FRICS Banfield Real Estate Solutions Ltd } RICS Practice Statement GN13/2010 Contamination, the environment and sustainability What is it and why should we care? What does it cover? Implications
More informationAPES 225 Valuation Services
APES 225 Valuation Services [Supersedes APES 225 Valuation Services issued in July 2008 and revised in May 2012] Prepared and issued by Accounting Professional & Ethical Standards Board Limited REVISED:
More informationCost Segregation Analysis Webinar Index
Cost Segregation Analysis Webinar Index a) Niche Services i. Taken from the Accounting Today, The 2007 Top 100 Firms ii. 54% of top 78 accounting firms listed Cost Seg as a top niche service for their
More informationLGFP CONFERENCE Appreciating Depreciation. QAO Perspective. Patrick Flemming Brendan Macrae. 25 November 2014
LGFP CONFERENCE Appreciating Depreciation QAO Perspective Patrick Flemming Brendan Macrae 25 November 2014 Outline What are financial reporting risks impacting on assets? How do we audit: Ø financial sustainability
More informationA DIVERSIFIED PROPERTY COMPANY CORPORATE PROFILE
A DIVERSIFIED PROPERTY COMPANY CORPORATE PROFILE MISSION We are what we do for the benefit of our people, our partners and our clients. VISION - To be the property company of choice - To remain a material
More informationCAPITAL ASSET POLICY
CAPITAL ASSET POLICY POLICY STATEMENT Morningside College, through each of its operating departments acquires and disposes of capital assets. Each department is responsible for following College procedures
More informationAPI PropertyPRO Pro-forma Report
Organisation/Lender: Commonwealth Bank of Australia Valex Ref: 6601457 Fax/Email to: VOXBusinessSupport@cba.com.au Contact: Tejas Purohit Borrower: Test Test Purpose of Report: Mortgage Loan Ref..: VOX000076173227
More informationMULTIPLE CHALLENGES REAL ESTATE APPRAISAL INDUSTRY FACES QUALITY CONTROL. Issues. Solution. By, James Molloy MAI, FRICS, CRE
REAL ESTATE APPRAISAL INDUSTRY FACES MULTIPLE CHALLENGES By, James Molloy MAI, FRICS, CRE QUALITY CONTROL Third-party real estate appraisal firms are production-driven businesses designed to complete assignments
More informationGifts-In-Kind Policy (Non-monetary donations)
Gifts-In-Kind Policy (Non-monetary donations) Last revised by: Executive Committee March 27, 2012 Minute 5 Effective: September 27, 2011 Overview This policy establishes the conditions under which gifts-in-kind
More informationRAINS COUNTY APPRAISAL DISTRICT
RAINS COUNTY APPRAISAL DISTRICT 2017 MASS APPRAISAL SUMMARY REPORT mass appraisal report 2017 uspap_appr_report RAINS COUNTY APPRAISAL DISTRICT 2017 MASS APPRAISAL SUMMARY REPORT Identification of Subject:
More informationCollaborative Valuation: When Equipment and Real Estate Intersect
Collaborative Valuation: When Equipment and Real Estate Intersect BY PARK R. JOHNSON, MBA, ASA, MRICS APPRAISERS SHARE VALUES It might be said within the valuation community what has long been remarked
More informationWagerup Refinery Land Management Report for the period 10 December September 2015
Wagerup Refinery Land Management Report for the period 10 December 2013 9 September 2015 1. Introduction This report has been prepared to meet the land management reporting and auditing requirements under
More informationWhat/Who Determines that an Appraiser is Qualified in our Program?
What/Who Determines that an Appraiser is Qualified in our Program? Mike Jones, SR/WA, Maryland Certified General Appraiser Realty Specialist, FHWA Office of Real Estate Services Is it becoming tougher
More informationASSESSMENT METHODOLOGY
2019 ASSESSMENT METHODOLOGY COMMERCIAL RETAIL AND OFFICE CONDOMINIUMS A summary of the methods used by the City of Edmonton in determining the value of commercial retail and office condominium properties
More informationConflict Minerals Reports Questions & Answers
AICPA Financial Reporting Center Conflict Minerals Reports Questions & Answers.1 Differences Between Examination Attestation Engagements and Performance Audits Inquiry What are the key differences between
More informationGuide Note 15 Assumptions and Hypothetical Conditions
Guide Note 15 Assumptions and Hypothetical Conditions Introduction Appraisal and review opinions are often premised on certain stated conditions. These include assumptions (general, and special or extraordinary)
More informationTECHNICAL INFORMATION PAPER - VALUATIONS OF REAL PROPERTY, PLANT & EQUIPMENT FOR USE IN AUSTRALIAN FINANCIAL REPORTS
TECHNICAL INFORMATION PAPER - VALUATIONS OF REAL PROPERTY, PLANT & EQUIPMENT FOR USE IN AUSTRALIAN FINANCIAL REPORTS Reference ANZVTIP 8 Valuations of Real Property, Plant & Equipment for Use in Australian
More informationDescription of the RICS Building Survey Service
Description of the RICS Service 1 The service The RICS Service includes: a thorough inspection of the property (see The inspection ); a detailed report based on the inspection (see The report ). The surveyor
More information(ii) Particulars of land sales used: Date of sale Sale price** Address of property Land sales not used in analysis with reason code** (iii) (iv)
Issue by Methodology Documents, Studies or Information Subject to Disclosure Party Responsible and Timing of Disclosure 1 COST APPROACH (a) Land Value Particulars relating to land value by market area
More informationConsulted With Individual/Body Date Head of Finance Financial
Equipment Disposal Policy Developed in response to: Policy Register No: 12037 Status: Public Internal Audit Report for Fixed Assets Contributes to CQC Regulation 17 Consulted With Individual/Body Date
More informationJOB DESCRIPTION MANAGEMENT EXCLUSION
1. Position No. Various 2. Descriptive Working Title SENIOR DEVELOPMENT MANAGER JOB DESCRIPTION MANAGEMENT EXCLUSION 3. Present Classification Excluded Mgmt 4. Branch DEVELOPMENT AND ASSET 5. Department
More information