Financial Viability Risk Assessment Tool (FVRA Tool) Services
Completing the FVRA Tool can be a daunting task even for established RTOs and their accountants.
The Tool is a job for a specialist accountant and getting this wrong with ASQA can cause delays and material costs.
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
Once you provide us with all of the information we require (not partial information), our turnaround time is 6-7 working days. Any quicker turnaround would need to be discussed in advance and may incur extra fees.
Our process is straightforward: we request the information we need from you; you provide it and we review it, following up with you on anything missing or incomplete; we then meet with you to discuss and finalise the information, and this meeting acts as your sign off on the complete information; we then work on the agreed, complete information to finalise the Tool and related documents. Once we have all the requested information and agreed on it with the client in the finalisation meeting it takes us 6-7 working days to prepare and complete our work.
Meetings are face to face or via videoconference (Google Meet or Zoom).
Standard Timeline
| Day | Task | Description | Responsible |
|---|---|---|---|
| 1 | Request information |
We request all of the operational and financial information required to complete the FVRA Tool. |
RTO Accountants |
| 1-3 | Obtain and review information |
You provide the requested information; we review it and follow up with you on anything missing or incomplete. |
Client and RTO Accountants |
| 4-5 | Meeting and sign off |
We meet with you to discuss and finalise the information. This meeting acts as your sign off on the complete and final information. |
Client and RTO Accountants |
| 6-12 | Prepare and Complete Tool |
Using the complete and agreed information prepare the business operational and financial forecasts to prepare and complete the FVRA Tool and required documents. |
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]
We’re proud to work with trusted software and professional partners including Xero, ServiceM8 and NowInfinity, among others. See our partners.