For multinational finance teams

The same lease. Six different answers.

One place that lines up IFRS, US GAAP, Dutch GAAP, Turkish GAAP, German HGB and UK GAAP side by side — topic by topic, cited to the standard and kept current — so your team stops reconciling by PDF.

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TOPIC 02 — LEASES · LESSEE RECOGNITION · 5-YEAR EQUIPMENT LEASE, NO PURCHASE OPTIONAS OF 2026-09
A · IFRS 16
Right-of-use asset and lease liability on the balance sheet for nearly all leases. The baseline every other column is measured against.
✓Baseline
B · US GAAP ASC 842
On-balance-sheet too, but keeps a dual model — operating vs. finance leases post different expense patterns.
≠P&L pattern differs
C · Dutch GAAP (RJ 292)
Operating leases may still stay off-balance-sheet; applying IFRS 16 is an accounting-policy option, not the default.
≠Off-balance option
D · Turkish GAAP
TFRS 16 mirrors IFRS 16 for full-TFRS entities; BOBİ FRS §15 keeps the finance/operating split, so operating leases stay off-balance-sheet.
≠Tier-dependent
E · German HGB
No right-of-use model at all — attribution follows economic ownership under the tax Leasingerlasse; the lessee usually just expenses rent.
≠No ROU asset
F · UK GAAP (FRS 102)
Periods from 1 Jan 2026: lessees move on-balance-sheet, IFRS 16-style, with short-term/low-value exemptions. Lessor accounting largely unchanged.
~Aligned from 2026, simplified
The problem

Your group ledger speaks six languages.

Every subsidiary books the same transaction differently, and finding out exactly where and why usually means pulling a Big Four PDF, a national standard-setter's release, and someone's memory of last year's conversion memo.

Those PDFs are excellent — and static. They compare two frameworks at a time, usually IFRS against US GAAP. The moment your group includes a Dutch or Turkish entity, you're back to searching, translating, and hoping the version you found is current.

GaapSwitch is the living version of that stack: one searchable view, topic by topic, across every framework your group actually reports under — every cell cited to the standard, dated, and flagged until a reviewer has signed it off.

Today
Comparisons live in PDFs that go stale the moment a standard-setter issues an update. FRS 102's lease model changed in 2026; most guides still describe the old one.
Coverage gap
Most existing guides stop at IFRS vs. US GAAP — Dutch, Turkish and German local GAAP rarely get compared at all.
Topic library

Twelve topics. Every one cross-referenced.

The technical areas multinational groups hit most often when converting between frameworks. Each cell is a claim about one framework, one facet, cited to the standard.

01Revenue recognitionOPEN02LeasesOPEN03Financial instruments04Property, plant & equipment05Intangible assets & goodwill06Impairment of assets07Provisions & contingencies08Income taxes09Consolidation & scope10Business combinations11Employee benefits & pensions12Presentation of financial statements
Who it's for

Built around three desks.

Group controllers

Running a conversion between an entity's local books and the group's reporting framework — and need the source, not just the summary.

Technical accounting teams

Tracking standard changes across every jurisdiction the group reports in, before they turn into surprises at year-end.

Auditors

Confirming a subsidiary's local treatment lines up with group policy, with a citable source for the workpaper.

Get the release notes.

We publish topics as they clear review and log every standard-setter change that moves a cell. One email when something changes, never more than weekly.

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