Cashflow and Financial Viability in the Current RTO Environment

Recorded on 22/01/2020, this webinar explored the factors of funding, profitability, invoice timing, invoice collection, other funding and payments and how they can be managed proactively.

Topic overview:

The regulatory focus on financial viability (FV) has increased significantly over the last 12-18 months in terms of what you are required to submit and the level of review. Cashflow has become a major issue for many providers and outcomes are influenced by numerous financial factors.

Understanding these factors and managing them is critical for financial viability! This webinar explored the factors of funding, profitability, invoice timing, invoice collection, other funding and payments and how they can be managed proactively.

The FV process was discussed from a regulatory perspective and highlighted some potentially surprising commercial applications. It also explored what you can do to improve your RTO's bottom line and financial health.

N.B Statements of Attendance or Certificates of Completion are not available with Velg Training products as we cannot verify attendance/viewing. However, this can still be recorded as valid professional development (PD) in your Trainer/Assessor Profile and verified by your supervisor, RTO Manager or CEO (depending on the policies and procedures adopted by your RTO).  

What was covered in the session:

• Was it a coincidence that the financial viability requirements were tightened up at the same time cash for RTO’s got tighter?
• We will discuss how cash got tighter in the RTO environment
• Other terminology and definitions
• An overview of the FVRA Tool and its objectives
• Consider the commercial applications of the FVRA Tool
• How can profit and cash flow be improved

Webinar content targeted towards:

• CEO/Owners
• Operational Managers
• Senior Managers
• Compliance Managers

Webinar duration: 60 minutes

Bio of presenter:

With over 25 years’ experience as a practicing CA, David is the Founder and Principal of RTO Accountants. David started his career at KPMG, moving onto mid tier accounting firms and commercial roles with Citigroup, Zurich, CBA and others in Sydney and London before setting up an accounting practice in 2001. Offering commercial and realistic advice, David believes the foundation for business success is built upon strong, trusted and lasting client partnerships.

David is commercially minded and works collaboratively with clients to develop strategies and solutions for complex business challenges. Having worked in accounting firms as well as public and private businesses, David has a breadth of experience in accounting, taxation, business advisory, financial control and CFO roles, ensuring his clients receive top-level, expert advice.    With extensive experience working with RTO’s and training businesses, David has been heavily involved in advising and negotiating the sale of training businesses including two in the last year and one into a listed vehicle.