Angelo is the co-founder of Zin.Global. Previously he was the CEO of BURG Translations, headquartered in Chicago, IL, USA. Prior to that, he was a management consultant for the healthcare industry, helping pharmaceutical companies price and valuate potential medication, and held a teaching positions at King’s College London and the North China Institute of Science & Technology. He is a certified John Maxwell Coach, certified ISO 9001:2015 Lead Auditor, Associate at the Higher Education Academy and holds a PhD in Biostatistics and BSc in Management. Angelo is on the board of the Chicagoland Chamber of Commerce. He speaks English and Spanish fluently and maintains basic fluency in Mandarin and French. In his free time he volunteers with Global Brigades, a charity he co-founded in London, as an Executive Board Member.
Since 1936, Chicago-based BURG Translations has been dedicated to providing superior technical translation services across multiple global industries. The company offers a wide variety of language services to Fortune 500 clients ranging from prestigious medical journals, legal firms and leaders in biotech and manufacturing to new tech startups, universities, healthcare groups and life science organizations. The key to BURG’s success lies in its more than 85 years of cultivating an elite corps of translation professionals.
With FASB’s new lease accounting update, ASC 842, companies may be struggling to establish procedures that make the transition easier. But with any new process, companies will make iterative improvements. Here are four mistake to avoid when dealing with foreign language lease agreements.
Because businesses are now required to disclose lease commitments on the balance sheet with FASB’s ASC 842 standards update, there is going to be significantly more work for corporate accountants and lawyers, especially if foreign leases are involved. Developing a streamlined lease agreement translation process with the right technology and lease translation partner can mitigate […]
The “standard” translation process is not time- or cost-effective in meeting FASB’s new lease agreement accounting standards update ASC 842. Accountants and lawyers are beginning to realize how the translation of lease agreements will fit into their workflow towards compliance. They are going to need an efficient solution that minimizes impact on transition resources. There […]
As companies begin to assess what changes are needed to comply with FASB’s new lease accounting standard, ASC 842, it’s important to understand the role that technology can and should play in translating lease agreement contacts for abstracting purposes. Without a specialized set of translation technologies, translating multiple leases to comply with ASC 842 can […]
With its effective date of 2018 looming around the corner, an important issue of FASB’s most recent lease accounting standard (ASC 842) is the potential challenge that Lease Administrators, CFOs, and accountants will have with managing many more lease agreements. Now that lease agreements outside the United States are required to be recognized on balance […]
With its effective date of 2018, an important issue of the FASB’s most recent accounting standard (ASC 842) is the potential challenge that Lease Administrators, CFOs and accountants will have with translating lease agreements. Lease agreements for tangible assets outside the United States are now required to be recognized on balance sheets- making compliance more complicated. […]
The Financial Accounting Standards Board (FASB) functions as an independent and not-for-profit organization that establishes financial accounting and reporting standards for all organizations that follow Generally Accepted Accounting Principles (GAAP). After nearly 10 years in the making, FASB announced its most recent standards update in February 2016: ASU 2016-02, Leases (Topic 842) Intended to address […]
Chicago, IL, March 1, 2017: Chicago-based BURG Translations, Inc. – an international company specializing in technical translation services – announces an enhanced lease agreement translation service process for accountants, lawyers and others impacted by last year’s FASB changes to lease accounting standards. The changes announced in February, 2016, require lease agreements for properties outside the United […]
Problem The marketing department for a medical device company needed help finding as many key opinion leaders (KOLs) as possible from across three countries to champion the company’s products. The KOLs were needed for regional sales and marketing teams to maximize sales quickly. The challenge in this case was that the company had no support […]
Chicago, IL, July 24, 2016: Chicago-based BURG Translations, an international company specializing in technical translation services, recently announced that Angelo Passalacqua, CEO, will be a featured speaker at the 6th Annual Clinical Trials Innovation Programme in Miami at the Sheraton Miami Hotel & Executive Meeting Center on July 28 and 29. The event will feature […]
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