Shiv Jaidka has 12+ years of experience, specialising in providing accounting and taxation services to the RTOs and VET Industry.
A fully qualified chartered accountant that can handle every aspect of your financial reporting and compliance requirements.
We provide easy to access and understand real-time reports using cloud technology like Xero, ensuring that your RTO is always financially healthy, protected and ready for growth.
We can also assist your RTO in preparing its next funding application (Skills First/VTG VET, VET Student Loans/VET FEE-HELP, Skills for All, and NSW Smart and Skills).
The FVRA Tool spreadsheet is a three-way forecast, a combination of Profit & Loss, Balance Sheet, Cash Flow and associated information to enable ASQA to determine whether your RTO can manage a positive cash flow.
When does ASQA require the FVRA Tool?
Initial registration for an RTO or CRICOS
Changing the scope of an RTO (within two years of registration)
A 50% change in ownership within a year
When a monitoring review is requested
As a qualified Chartered Accountant, Shiv can help you to prepare and sign off your FVRA Tool.
STARTING A RTO?
Starting an RTO can be challenging.
You need to understand the VET system and submit the Business Plan & Financial Viability Risk Assessment (FVRA) Tool with ASQA as an initial completeness check.
If these documents are incomplete, the ASQA will not commence the assessment process.
We can make this process easier for you, completing the FVRA Tool that supports the Business Plan and organise a business structure for the success of your RTO.
‘I was in the process of setting up my new RTO, and there were many questions in my mind. Shiv helped me put the strategy in the form of a Business Plan to start the conversation with ASQA. He completed the Financial Viability Risk Assessment (FVRA) Tool for submission with ASQA and liaised directly with the consultant organising the registration. Now Clayton Education Group has received the RTO registration; I use and recommend his Business Accounting and Taxation Services as well.'