Financial Viability Risk Assessment (FVRA Tool)
Completing the FVRA Tool can be a daunting task even for established RTOs and their accountants. RTO Accountants are qualified chartered accountants that specialise in the RTO sector. We have worked on and signed off on hundreds of compliant FVRA Tools.
We will streamline the FVRA process for you, making it easier and relieving unnecessary stress. We will advise and work with you to get your financials prepared to demonstrate the required financial viability of your business.
Our Process
The process required to prepare, develop and complete an FVRA tool takes 8-12 working days depending on client response times as we rely on information from you. Meetings are face to face or via videoconference (Google Hangout or Zoom)
| Day | Task | Description | Responsible |
|---|---|---|---|
| 1 | Initial meeting |
Discuss RTO details, provide instructions on the completion of our specifically designed and easy to use FVRA Client Input Template (FVRA CIT) Also, advise on the information the client will need to collect and provide to us |
RTO Accountants |
| 1-5 | Prepare and obtain information |
Work on, prepare and obtain required operational and financial information as explained in the Initial Meeting |
Client |
| 6-7 | Finalise information |
Review, discuss, advise the client on and amend the information to ensure compliance |
Client and RTO Accountants |
| 7 | Client Sign Off (Critical) |
Client to sign off on finalised operational and financial information |
Client |
| 8-12 | Modelling and Tool |
Using the final operational and financial information financial modelling is undertaken, the Tool is prepared, reviewed and signed off on |
RTO Accountants |
FVRA Tool Information
- FVRA Tool Requirements as advised by the Australian Skills Quality Authority (ASQA)
- Related RTO Services including Busines Plan Review and Business Set Up and Structuring
Need to talk to us?
Complete our enquiry form and one of our trusted advisors will contact you.
For more information or to book a consultation, click below. Alternatively call us on 1300 724 608 or via email [email protected]
