The current method for converting decimal to binary and vice versa primarily involves the DIV/MOD algorithm, which uses division and remainders to perform conversions. Computers handle these operations in binary, even when starting with decimal numbers. For instance, to convert a decimal number like 1206 to binary, the computer divides by two and tracks the remainders. In programming languages like C++, the modulus operator (%) and integer division (/) are utilized to manage these calculations effectively. For applications such as accounting, data may be stored in Binary-Coded Decimal (BCD) format to avoid rounding errors associated with binary conversions. High-level languages like COBOL support BCD operations, while modern CPUs can perform basic BCD math. Overall, conversion methods vary based on the application, with division and multiplication being key operations for base conversions, whether dealing with integers or fractional parts. Additionally, practical implementations, such as parsing decimal data in C++, demonstrate how these conversions can be executed programmatically.