It was developed by an association of computer scientists named the Conference on Data Systems Languages (CODASYL) in 1959. Formulated by the Short Range Committee, an assortment of computer manufacturer and government agency officials, as a solution for a short range look at common business language.Ħ. It also is responsible for some of the back end computing behind online financial transaction and payroll services.ĥ. Its primary use is in the fields of business, finance, and administrative systems for various companies and governments. Also one of the oldest programming languages that is still in use today.Ĥ. Is a third generation programming language (3GL)ģ. An acronym that stands for Common Business-Oriented LanguageĢ. Append below some basic understanding of COBOL Programming language:ġ.