What is the FVRA Tool?

The FVRA Tool ASQA requires eleven macros enabled and locked sheets to assess the financial viability of a new applicant or an existing RTO.

The tool requires you to provide information on your organisation's financial history and projections. ASQA will use this information to calculate ratios and determine your RTO's financial health.

It also requires non-financial information, such as projected student and staff numbers. Before submission, the tool provides results in the form of traffic light signals to indicate whether the base financial requirements have been satisfied or if further assessment is required.

The tool requires supporting evidence to ensure that the data is correct. The tool needs to be prepared and signed off by a qualified accountant.

Having completed many FVRA Tools for RTOs, I understand the requirements for an acceptable result. I will discuss this in more detail in the following video.

Book a meeting with me if you need help or have any questions.