Are you familiar with the abbreviations GAAP and IFRS? If you’re a business owner and you aren’t, you soon will be. The Securities and Exchange Commission (SEC) is considering switching from one to the other, and businesses had better be ready if they do. Generally Accepted Accounting Principles (GAAP) is the set of principles by […]
Typically, before performing a machinery and equipment appraisal, a CMEA will outline the scope of work required by an assignment. The USPAP (Uniform Standards of Professional Appraisal Practice), to which all CMEAs adhere, has published guidelines to help machinery and equipment appraisers know what to include in the scope of work. The minimum standards for […]
The key to any successful business is to find a void and fill it. To find a need and fill that need, machinery and equipment appraisal offers what other industries don’t, an attractive diversification that offers economic freedom. More importantly, a Certified Machinery and Equipment Appraiser (CMEA) professional designation eliminates a customer’s need to guess […]
When you have a machinery and equipment appraisal performed, you should be confident that the appraisal values are accurate and are backed by evidence to support them. The three factors listed below can help ensure that your machinery and equipment appraisal report will hold up under scrutiny. 1. Certification – Be sure that the […]
Each month, we will profile a different NEBB Institute member company, focusing on the company’s services and highlighting its unique offerings. Profile Marketing and Consultant Services, Inc., located in Wichita, Kansas, is a provider of certified business valuations, certified equipment appraisals, business consulting, mergers and acquisitions (M&A) consulting, and insurance. Focusing on working with business […]
A recent story out of Wisconsin illustrates the importance of equipment appraisal. Two small Wisconsin towns – Vernon and Big Bend – have used a shared fire department for years. But now each town will be getting its own fire department, so the machinery and equipment had to be divided between the two new […]
At the first of this month, changes to the Small Business Administration’s (SBA) 501 10 (c) went into effect. These changes affect SBA loans that involve a change of ownership of fixed assets. Some of the changes are specific to business valuations, but others involve machinery and equipment appraisals. Since these are the ones that […]
Last week on our Facebook page, we asked you: Have you ever considered appraising for an auction? So, we thought we would follow up with a post about machinery and equipment appraisal for auctions. The goal of an equipment auction for a struggling or failing company is to quickly sell off equipment with as high […]
On June 1, 2007, NEBB Institute acquired the Society of Business Analysts (SBA), an organization with the purpose of providing superior professional advice for its clients through continued education and improvement of existing business skills. The SBA was renamed The International Society of Business Analysts (ISBA) on January 1, 2010, to include their international membership. […]
Imagine that you’ve been hospitalized while dealing with a major health crisis. Once you regain your health and are discharged from the hospital, you’d like to show the people who cared for you your appreciation. You decide that the best way to do this is to donate a new piece of equipment to replace the […]
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