Key Concepts in Workplace Safety
General Aspects of Safety at Work
1. Defining Workplace Risk and Danger
RISK: Risk refers to work situations that can disrupt the balance between the physical, mental, and social health of individuals.
According to the LPR, it is the possibility that a worker suffers an injury arising from work.
DANGER: This is an intrinsic property or ability of something that can cause damage. According to UNE, it is a situation capable of causing harmful injury, property damage, environmental damage, or a combination
Read MoreUnderstanding Accounting: Principles, Processes, and Standards
What is Accounting?
Accounting is a financial information system used for decision-making in businesses and organizations. It studies and reports on the economic and financial structure of organizations, as well as their economic performance, by recording, classifying, and summarizing all relevant economic transactions in monetary terms. According to the American Institute of Certified Public Accountants (AICPA), accounting is the art of recording, classifying, and summarizing financial transactions
Read MoreUnderstanding Mexican Financial Reporting Standards (NIF)
1. Which Agency is Responsible for Accounting Issues?
The Commission for Accounting Principles (CPC) of the Mexican Institute of Public Accountants (IMCP).
2. What is the Role of CINIF?
The Mexican Council for Research and Development of Financial Reporting Standards (CINIF) is responsible for the development of financial reporting standards in Mexico, aiming for convergence with International Financial Reporting Standards (IFRS).
3. What Types of Standards Does CINIF Issue?
CINIF issues the following:
Read MoreUnderstanding Key Concepts in Taxation and Financial Law
Law Governing Taxpayer Rights & Programs
Tax Law
Tax Law’s Top 3 Distinguishing Features
- The nature of the tax liability
- Parties responsible
- The coercive economic power
Tax Collection Obligation in Public Finance
The nature of tax liability.
Tax Authority’s Debt Enforcement Power
The coercive economic power.
Sanctioning Power of Tax Authorities
The ability to exert sanctions.
Doctrinal Principles of Taxation Location
In the charter.
Adam Smith’s Principles of Taxation
- Principle of Justice
- Principle of Certainty
Characteristics
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Artificial Intelligence Fundamentals
Machine Learning vs. Deep Learning: Key Differences
Machine Learning (ML) is a method for computers to learn from data and improve their performance without being explicitly programmed step-by-step. It is typically used for simpler predictions or decisions based on patterns identified in data.
Deep Learning (DL) is a more advanced subset of ML that utilizes large neural networks with many layers. It excels at understanding complex data types, such as images or human
Read MoreUnderstanding International Trade and Its Key Institutions
1. General Aspects
Growth of International Trade: Increased post-WWII in both:
Volume (due to modernization of transport and telecommunications) and
Complexity (more actors, new types of trade, including services and intellectual property).
Led to the creation of institutions to regulate trade at the regional and international levels.
Major Organizations:
UN (1945): General international cooperation.
ITO (1946, not created): Intended for trade regulation; failed due to US non-ratification.
GATT (1947):