Registered Training Organisations (RTOs) are complex in nature and are heavily regulated thus needing expert accounting and taxation knowledge. The team at Vivid Partners have vast experience in the industry and can assist RTOs in various stages ranging from those seeking initial registration to the ones who have been in the industry for a long time.

We can assist RTOs with:

• ASQA’s Financial Viability Risk Assessment (FVRA) for registration purposes
• Financial forecast preparation and review
• Financial Analysis
• Business Structure Advice
• Bookkeeping
• Preparation and Lodgement of BAS
• Financial Statements & Tax Returns
• Payroll
• Tax Planning

Financial Viability Risk Assessment (FVRA) for RTOs

FVRA is a tool used by ASQA to assess whether the RTO seeking initial registration or existing RTOs and those seeking CRICOS have financial capacity to operate a sustainable training business and achieve quality outcomes for their students.

Applicants seeking initial registration as a RTO/CRICOS, any RTO looking to change their scope of registration within the first two years of its registration, RTO/CRICOS that are notifying ASQA and over 50% change in shareholding in the previous 12 months and existing RTO and CRICOS need to complete the FVRA tool.

 It includes;

• Provider Details
• Balance Sheet
• Profit & Loss statement
• Cash Flow Statement
• Bank, Debtors and Creditors
• Student Number and Course Fees
• Key Expenses
• Business Plan showing current conditions and future outlook.

How can Vivid Partners help you?

Having worked with numerous RTOs in preparing FVRAs, ranging from those seeking initial registration to the ones who have been in the industry for a long time, we have built specialist knowledge in the industry and can provide you with tailored services depending on your needs.