Delaware Court Approved FIFA is a system used by Delaware courts to ensure that the financial accounts of a business are managed and reported in accordance with the laws and rules of the Delaware Court of Chancery. This system is designed to provide a more efficient and cost-effective way for businesses to manage their finances. Delaware Court Approved FIFA consists of two primary components: the Delaware Court Approved Financial Accounting System (FAS) and the Delaware Court Approved Financial Reporting System (FRS). The FAS is used to track and report the financial information of the business, while the FRS is used to generate financial reports for the court. There are two main types of Delaware Court Approved FIFA: the Standard Edition and the Enterprise Edition. The Standard Edition is designed for smaller businesses and provides basic financial accounting and reporting capabilities, while the Enterprise Edition is designed for larger businesses and provides more robust financial accounting and reporting capabilities.