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.
Get in touch
Tell us about your
Financial Viability Risk Assessment Tool
Contact us using the form, or click on the button below to arrange a free consultation.
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.