3 ms·
Not that all the native floating point languages can't switch to fixed point, but Muller's recurrence is essentially what caused the IRS to switch BACK to COBOL
by Jimmc414 6y ago
Not that all the native floating point languages can't switch to fixed point, but Muller's recurrence is essentially what caused the IRS to switch BACK to COBOL. Accounting hasn't changed much since the 60's and no other language is this auditable. It is still the best language for reliably calculating massive accouting transactions and thats why it is still the engine of the entire ACH system, the IRS, the FDIC, the Federal Reserve and the US Treasury Department. Not mention just about all banks, insurance companies and national brokerages.