2019 Extended Training

Tuesday, September 17 at 1:00 PM - Friday, September 20 at 12:00 PM

Overview

We invite you to choose among four courses offered concurrently after the conference. Depreciation Fundamentals is an excellent overview course focusing on the major topics related to depreciation. This course is often repeated by members preparing for the CDP exam. Our hands-on course Analyzing the Life of Real-World Property gives attendees the opportunity to apply actuarial and simulation models to real-world property and also attend a class probing the engineering reasons that cause assets to fail. Our popular course Analyzing Net Salvage in the Real World focuses on net salvage analysis, estimation, and accounting as applied to real-world property. Our capstone course walks you through Preparing and Supporting a Depreciation Study. This seminar course may not be offered again until 2021 so early registration is advised!

Course Descriptions

Click on the class title for a longer course description. 

Depreciation Fundamentals - 22 CPEs

This course covers the areas introduced in the Sunday course Introduction to Depreciation. This comprehensive course covers the basics of plant and depreciation accounting, life and salvage analysis, and depreciation models. Instructors walk you through the data required for a depreciation study and explain the calculations that underpin a depreciation study. This course is often repeated by people who want additional study on select topics or who are preparing for the CDP exam. There are No Prerequisites for this course.

Analyzing the Life of Real World Property - 22 CPEs

This hands-on course provides valuable experience in applying life analysis models to real-world property. After a brief review of actuarial and simulation life analysis models, you will apply the models to real-world property data. The course also includes an expanded class discussing the engineering reasons that cause assets to fail or be replaced. The course ends with a segment on getting behind the numbers developed in a depreciation study. Prerequisite: Depreciation Fundamentals or permission from Dr. Susan Jensen based on your qualifying experience or courses.

Analyzing Net Salvage in the Real World - 22 CPEs

This popular course examines how the components of net salvage (gross salvage and cost of removal) are recorded to accrued depreciation, analyzed using various statistical techniques, and then estimated and incorporated in the calculation of annual and accrued depreciation. You will learn about the various activities and transactions that result in net salvage and consider how such transactions are impacted by the age of the asset being retired and the cause of retirement. Analyses will consider the age of the retired assets and past and future inflation. The estimation of net salvage for both mass and life-span properties will be discussed. Prerequisite: Depreciation Fundamentals or permission from Dr. Susan Jensen based on your qualifying experience or courses. 

Preparing and Supporting a Depreciation Study - 22 CPEs

Our capstone course is intended for depreciation professionals who have a direct role in depreciation studies as well as managers seeking an overview of the depreciation study process. The course begins with a brief review of life and salvage analysis and depreciation models. We then focus on developing life and salvage estimates, preparing the depreciation study report, and supporting the study. Trainees are given an opportunity to role play as a witness or provide support to the witness. Prerequisite: Depreciation Fundamentals or permission from Dr. Susan Jensen based on your qualifying experience or courses. This seminar course may not be offered again until 2021 so early registration is advised! 

Faculty

Click here to view the faculty biographies for the 2019 Extended Training. 

CPE Credits

Attendees at the 2019 SDP Annual Meeting and/or Training can receive CPE credits. The Society of Depreciation Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

If you have any questions or concerns about the SDP Annual Conference or Training please contact the SDP at the (978) 364-5195.