Appraising intangibles – update

A couple news items concerning appraisals of intangible assets:
American Society of Appraisers Business Valuation section is now offering a Intangible Asset Specialty Designation. According to their website:

Factors considered in the development of this designation include:

  • The increasing importance of intangible assets to business strategies and profitability
  • Expanded financial reporting requirements regarding intangible assets
  • Increased review of intangible asset valuations by regulatory groups including the Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB)
  • The increased uncertainty regarding asset values as a result of the recent Financial Crisis
  • Complexities associated with the identification and valuation of the many different types of intangible assets.

The Appraisal Institute (for real estate appraisers) is offering a course on the Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets. Interestingly, this course is specifically identified in the latest version of SBA Standard Operating Procedures for the 7(a) loan program as an acceptable qualification for an appraiser to give a “going concern” appraisal on a loan.

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