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Financial accounting program cobol
Financial accounting program cobol









financial accounting program cobol

But COBOL’s specialization and long history have meant that the language is pervasive. A key reason is that companies usually do not want major changes made to their mission-critical systems.ĬOBOL is not a general-purpose language. For the most part, adoption of new approaches tends to be slower with mainframe systems. This is why it is important to understand the history of the language. Regardless, many companies still use older versions, like COBOL 85.

financial accounting program cobol

OK then, so what is the latest version? It is COBOL V6.3, which was shipped in September 2019. The new version of the language was called COBOL 2002. To deal with this, a new version was released, called COBOL 85.īy the 1990s, more changes were needed, and work began on a new version that would adopt more modern approaches, such as object-oriented programming. The organization would continue to innovate the language.īut by the 1980s, COBOL would again have problems with compatibility. This is not to imply that the CODASYL committee was no longer a factor. This was done in 1968 and was called COBOL X3.23. This is why the America Standards Institute—now called the American National Standards Institute (ANSI)—took on the role of creating a standard for COBOL. However, as the language grew in popularity, more incompatibilities emerged. Then new features, like tables, were added. But the computer industry took steps to solve the problems and improve the language, especially with the development of compilers. It certainly had its flaws, and some people predicted that the language would not last long. The first version of COBOL, referred to as COBOL 60, came out in 1959.











Financial accounting program cobol