|

Winters Chartered Accountants and Registered Auditors
29 Ludgate Hill
London EC4M 7JE
England, UK
Tel:
+44 (0) 20 7919 9100
Fax:
+44 (0)
20 7919 9019
e-mail:
info@winters.co.uk
FACTSHEETS
1. STARTING UP IN BUSINESS
2. GENERAL BUSINESS
3. CORPORATE AND BUSINESS TAX
4. VAT
5. EMPLOYMENT ISSUES
6. EMPLOYMENT AND RELATED MATTERS
7. PERSONAL TAX
8. CAPITAL TAXES
9. PENSIONS
10. ICT
11. OTHER
|
|
Information
Factsheets
E
COMMERCE AND THE INTERNET - THE JARGON DE-MYSTIFIED
Applet
- an applet is a small program that can be sent along with a Web page to a
user. Java applets can perform interactive animations, immediate
calculations, or other simple tasks without having to send a user request
back to the server.
ASP (Application Service Provider) - these offer on-line real-time
access to standard packages. Users pay a metered charge to log on and
perform tasks using standard accounting, spreadsheet and word processing
packages.
.ASP (Active Server Pages) - A dynamic web page.
Attachment - an attachment is a file which is appended to an
e-mail. The file may be a word-processing document, or a spreadsheet, for
example.
The importance is related to the security risks associated with opening
attachments, as any program code stored in an attachment is executed. The
code can contain a virus which can potentially damage a PC or network (see
macro virus and virus below).
Authentication - a process which is used to confirm the identity of
a person, or the integrity of a transaction.
Bandwidth - he capacity of a system to deal with network traffic.
Blog - Blog (originally weblog) is a diary or history. Blogs are
used by all types of entity from corporates to personal users. Most
personal blogs are anonymous and typically refer to issues in daily life
– usually centred around the working environment.
Broadband - high speed internet access.
Browser - a program which enables web access.
Cable-modems - a service provided by cable TV companies to allow
internet access. TV cable is used to send and receive data, and not the
telephone line. The service relies on the provision of cable in the area.
Cookie - bookmarks which remember details about a site visited.
They have evolved to become fairly intelligent robots. They store details
about a site, what log on preferences have been set, passwords and
specific buying patterns.
Digital signature/certificate - a method using encryption
techniques and a public/private key to verify the authenticity of a person
or transaction.
DSL - is an abbreviation for Digital Subscriber Services. It is a
method of transferring data over traditional BT copper wire lines. The
data is transferred at higher speeds than normal.
Dot com - an expression referring to the internet industry.
Frequently used in the context of ‘a dot com company’ and ‘a dot com
millionaire’.
e commerce - conducting business over the internet and therefore by
electronic rather than by paper-based methods.
EDI (Electronic Data Interchange) - is a standard method of
exchanging documents, such as invoices, between companies who may have
incompatible hardware and/or software.
Electronic form filling and transmission is far quicker than manually
completing a form and then posting it. A further extension of EDI is the
processing of electronic funds.
Standards have emerged for different types of funds transfers – for
example the SET standard (see below) for credit card transactions.
Extranet - a network, but only for ‘invited’ business partners.
These are set up mainly to cope with B2B (business to business)
transactions. One company may have access to a number of different
extranets.
Firewall - a hardware and/or software based security system to
prevent unauthorised access to a network or server.
Gateway - a device or devices which enable two or more different
types of network to communicate with each other. Sometimes described as a
bridge.
HTML (Hyper Text Markup Language) - a programming language used to
create web pages.
Host - a computer or network which holds information such as a web
site on behalf of a number of different companies. Also see ISP below.
Hyperlink - a link which can be created in a document, for example,
which can then branch to another document, or web site.
Intranet - an internal network based on the internet, but
containing material for company employees only.
ISP - an Internet Service Provider. An ISP acts as a host (see
above) providing e-mail services, web site services and access to
information channels.
JAVA - a programming language which can be run across a variety of
platforms. Its interoperability means that applets can easily be
downloaded to any computer, when required.
Local loop - the last kilometre or so of cable from a telephone
exchange to a house or business is known as the local loop.
Macro virus - a macro virus is a program written within a standard
application, which executes a malicious payload when the document or
spreadsheet is opened. A macro virus can perform a variety of unwanted
side effects from putting up strange messages to completely destroying
data on a network.
Non-repudiation - provides proof of the origin of a transaction. It
protects the recipient against the sender denying that the transaction was
originated by him (the sender).
.PDF (Portable Data Format) - this is a read-only version of an
existing document or spreadsheet. As the information is compressed, PDF
files tend to be relatively small.
Phishing - this refers to the stealing of personal identifiers such
as Pin numbers, Credit card numbers and passwords via a spoof web site or
email.
Podcasting - a Podcast is an audio and sometimes video recording,
made available online.
PKI (Public Key Infrastructure) - the framework in which digital
certificates are created and used, based on a public/private key.
SaaS - (Software as a Service) - a model of web-based software
delivery, where a software vendor provides maintenance, operation and
support for their software.
SET (Secure Electronic Transaction) - is one of several standards
for ensuring credit card payments are secure over the internet.
Spam - unsolicited bulk e-mail.
TCP/IP - a protocol designed to allow different computers to
communicate with each other regardless of the hardware or operating system
platform.
URL (Uniform Resource Locator) - a standard method of identifying
web resources, such as web sites and web addresses.
Virus - a generic term for a rogue piece of software. The internet
has enabled viruses to be transferred from one network to another very
quickly. The current crop of viruses rely on using some of the more common
applications software to transmit their payload to the largest possible
number of users.
Wireless - the ability of a computer to access e-mails and the
internet without being physically connected by cable.
XBRL (extensible business reporting language) - This uses XML (see
below) data tags to transmit financial data.
HMRC, for example use XBRL for e-filing
of CT returns.
XML (extensible mark-up language) - this allows designers to create
customized tags to enable information to be transmitted from one system
into another (completely different) system.
HOW WE CAN HELP
If you would like information as to how we can assist you with your e
commerce activities we will be more than happy to provide you with help.
For information of
users: This material is published for the information of clients.
It provides only an overview of the regulations in force at the date of
publication, and no action should be taken without consulting the
detailed legislation or seeking professional advice. Therefore no
responsibility for loss occasioned by any person acting or refraining
from action as a result of the material can be accepted by the authors
or the firm.
Please BOOKMARK
this page and visit again.
|