Your RTO Accounting Specialists
Our team of qualified and RTO experienced accountants specialise in the preparation of the ASQA Financial Viability Risk Assessment Tool.
The FVRA Tool is a complex excel spreadsheet that can be overwhelming for RTO’s and their accountants to complete. The importance of the FVRA Tool means you shouldn’t leave its preparation to chance. Your RTO Accounting Specialists’ team have completed hundreds of compliant FVRAs for RTOs across Australia. Our Client’s range from small micro RTOs to Top Ten publicly listed companies.
Using our unique online information form we gather all the information needed to prepare the FVRA Tool. Our team maintain unlimited open communications with our clients insuring that their business is reflected accurately and completely, resulting in a financial liability risk assessment tool that demonstrates accurately the viability of their business.
ASQA'S FVRA TOOL
The Australian Skills and Quality Authority (ASQA) announced:
“To ensure applicants are fully financially prepared to operate a sustainable training business and help them understand the financial requirements for registration, applicants will be required to complete a new financial viability risk assessment. Applicants must give ASQA a detailed business plan and a range of financial information and underlying assumptions including information on projections, funding sources, assets and loan arrangements, staff and student numbers.”
The Financial Viability Risk Assessment Tool requires a full:• Profit and Loss • Balance Sheet • Cashflow • Student number projections Regardless of how you choose to complete the FVRA it must be certified by a qualified accountant.
A Case Study
Having managed the initial registration of Online Education as an RTO in 2018 through our subsidiary business, Your RTO Specialists, they called upon our services again in 2019 to prepare a Financial Viability Risk Assessment Tool to accompany an application to add to their scope of registration.
Online Education provided a challenge as they deliver online non-accredited training courses world wide plus their accredited training in Australia. This involves a number of international bank accounts in foreign currencies as well as Australian bank accounts.
Working closely with Online Education’s staff our team prepared the FVRA Tool and this amazing RTO’s application for addition to scope was approved in one week.
what we offer
Financial Viability Risk Assessment Tool Services
Your RTO Accounting Services specialise in assisting our clients (RTOs and businesses applying for registration as a RTO or CRICOS provider) with the preparation of the ASQA Financial Viability Risk Assessment (FVRA) Tool. Our team includes qualified and RTO experienced accountants and management consultants.
We specialise in preparing the FVRA Tool
Our team’s experience is your advantage when choosing Your RTO Accounting Specialists to prepare your FVRA Tool for ASQA.
"I just thought I would take this opportunity to thank you for your efforts and hard work in preparing our FRVA financial assessment tools, as required by ASQA. I appreciate Janeen completing the tasks in a professional and timely manner, then met our nominated submissions dates. I have no hesitation recommending you to other RTOs and have already sent your details to a number of colleagues whom have similar requirements."
"What fantastic service from Your RTO Accounting Specialists!! From our initial enquiry where you were able quickly appreciate the challenges that our client faced with tight timeframes and the complexity of being a large, publicly listed company; through to the signing of our FVRA Certificate, your insights, industry knowledge, communication and guidance was invaluable. A big thank you!! I cannot recommend the services provided by Your RTO Accounting Specialists more highly. Looking forward to calling on your services again soon."
"As a recently approved Registered Training Organisation (RTO), with quite a complex business structure, it was a requirement for our business to complete a Financial Viability Risk Assessment Tool (FVRA) as part of a recent Australian Skills Quality Authority (ASQA) application for an addition to our scope of offering. We found the FVRA tool quite challenging to adapt to our business structures but were fortunate enough to work with Janeen Andersen from Your RTO Accounting Specialists and her team, which worked tirelessly on the project. I was especially impressed with Janeen’s attention to detail and her ability to break down complex accounting concepts into digestible components for our team to work with. Janeen has a very friendly disposition and is a great communicator, which makes her an absolute pleasure to work. The result was more than favourable, with approval from ASQA for the addition to scope within one week! I would definitely recommend Janeen and her team for any FVRA requirements."
"As a part of our application for initial registration as a Registered Training Organisation we had Your RTO Accounting Specialists prepare our Financial Viability Risk Assessment Tool. The focus on our specific needs by Janeen and her team was exceptional. Our company is not quite straightforward and Janeen took the extra time to clearly understand our structure and financial integrations as well as guiding how we explain company to ASQA for our application. Our application was successful with no questions from ASQA regarding our financial viability. I have no hesitation in recommending Your RTO Accounting Specialists for the preparation of the ASQA Financial Viability Risk Assessment."
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Financial Viability Risk Assessment Tool
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Across Australia for your RTO
Ensure your ASQA Financial Viability Risk Assessment Tool is prepared by qualified, RTO experienced accountants. Contact our team today for your free consultation and learn how Your RTO Accounting Specialists can help you.