The main features of the IBM Electronic Data Processing Machine, Type 702, are discussed from the programroar's point of view to illustrate how it was designed specifically to solve large accounting and statistical problems in business, industry, and government.The 702 exploits in one integrated system the high speed and storage capacity of magnetic tape, the 'accessibility of electrostatic memory supplemented by large auxiliary storage on magnetic drums, the flexibility of punched-card document input, the page printing output of modern accounting machines, and the technology of general-purpose, stored-program, electronic computer s.The 702 is a serial machine with decimal arithmetic.Its serial nature provides several unusual logical features of great aid in programming accounting problems.