This question comes up with a fair degree of frequency in the machinery and equipment appraisal world. What’s the difference between a client and an intended user? Well, there’s a short answer to that and a long answer. The short answer is that the client is the party that requests the appraisal, and the intended […]
The old adage says that practice makes perfect. Artists seem to know this inherently and practice their crafts during every free moment. The same goes for athletes. Imagine the countless hours that go into a competition that may last only moments. Why don’t business professionals follow the same method? Many companies spend quite a bit […]
A few months ago, we reported that International Society of Business Analysts (ISBA), sister organization to the NEBB Institute, announced the new professional credential of Business Certified Appraiser (BCA). To help educate the ISBA membership and the general public about the BCA credential, we recently developed a podcast, featuring KC Conrad, ASA, ABAR, MCBA, CMEA, […]
Are you a real estate appraiser looking to expand your skill set? You’re not alone. During the Great Recession, many real estate appraisers found that their flow of business ground to a halt. Some real estate appraisal companies were not prepared for such an extended downturn in the real estate market and were forced to […]
Here is another example of why it is so important for CMEAs to stay on the cutting edge of the machinery and appraisal industry. Using automation in food and beverage packaging is nothing new, but the food industry is now making greater demands for robots to help the process along. In response, manufacturing companies are […]
There are at least 20 reasons lenders, CPAs, Attorneys, business owners, and others may need a certified machinery and equipment appraisal (CMEA) is required by lenders, CPAs, attorneys, business owners, and others. Lenders are required to substantiate equipment values to satisfy the U.S. Small Business Administration and bank examiners. CPAs are required by the IRS […]
As we’ve discussed in the past, membership in the NEBB Institute automatically gives you membership in the International Society of Business Analysts (ISBA). ISBA membership is a tremendous resource to have, in part because of the educational opportunities it provides. Our educational podcasts touch on an array of subjects, everything from buying your business to […]
From an appraiser’s perspective, furniture, fixtures, and equipment (FF&E) includes everything a business needs to function that is not attached to the business’ building. Things like office furniture, technical components, filing cabinets, and cases used to hold collateral are all considered FF&E. Items like these are on a fast depreciation schedule, so business owners tend […]
If you’re planning to have your machinery and equipment appraised, make sure the appraiser has an up-to-date, complete list of the machinery and equipment that is going to be appraised. Many companies don’t keep their asset lists up to date, but it can help save lots time and potentially money. Maintaining an asset list on […]
Within the machinery and equipment appraisal realm, there are a number of different designations that appraisers can earn. Three of the most common designations are Machinery & Equipment Appraiser (MEA), Certified Machinery & Equipment Appraiser (CMEA), and Senior Business Analyst (SBA). They all sound suitably impressive, but what do they all mean? A CMEA is […]
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