Evolution Of The Millennium Bug In Accounting Based Systems

Abstract

The year 2000 problem has serious consequences for accountants today and will continue to impact accounting based systems for several years to come.  Year 2000 problems will potentially disrupt calculations of all kinds.  The problem is not limited to just software, but extends to computer hardware and, in fact, any device that uses a microprocessor with date fields such as computerized cash registers and network routers.  Accountants need to protect themselves and their clients from year 2000 related systems crashes.  This article provides an overview of what the year 2000 problem is and provides some recommendations for dealing with it.  In general, all businesses (clients, CPA firms, and software venders) should get a written statement confirming year 2000 compliance from the maker of any device they use, sell, or support