Tools I use to complete the FVRA Tool

Completing the Financial Viability Risk Assessment (FVRA) Tool requires careful planning and the right tools. Over the years, we have developed tools to streamline the process and ensure accuracy. Let me share three tools I use to help clients complete the FVRA Tool efficiently.

Tools I use to complete the FVRA Tool

1. Internal Workpapers

My internal work papers are customised templates designed to organise and standardise the financial data required for the FVRA Tool. These wallpapers help capture details like Profit and Loss, Balance Sheet, and Cash Flow data, ensuring accuracy and consistency across all tool sections.

For example, I use a dedicated work paper to map historical financial data directly from your accounting software into the FVRA Tool. This eliminates manual errors and ensures that every number aligns with your audited financial statements.

2. Ratio Calculations

The FVRA Tool relies heavily on financial ratios such as liquidity, debt-to-equity, and EBIT percentage. I use automated Excel formulas and templates to calculate these ratios quickly and accurately, ensuring they meet industry benchmarks.

With my ratio calculation tool, I can instantly assess whether your financial metrics meet the regulator's requirements. For instance, if your liquidity ratio is below the threshold, I can identify adjustments to improve your standing before submission.

3. Comprehensive Checklists

My checklists ensure no detail is overlooked when preparing your FVRA Tool application. They include everything from required supporting documents, such as lease agreements and insurance certificates, to operational information, such as student-to-trainer ratios and enrolment data.

I use the checklist to verify that all tabs in the FVRA Tool are complete and consistent with your Business Plan. This step-by-step approach ensures your submission is thorough and aligned with the regulator's expectations.

Using internal work papers, ratio calculation tools, and comprehensive checklists has helped me efficiently and accurately guide clients through the FVRA Tool process.

Feel free to contact us if you need help with the FVRA Tool.