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, sourced and kept current — so your team stops reconciling by PDF.

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TOPIC 02 — LEASES · 5-YEAR EQUIPMENT LEASE, NO PURCHASE OPTION REF. WORKPAPER B-2
A · IFRS 16
Right-of-use asset and lease liability recognized on-balance-sheet for nearly all leases.
Baseline
B · US GAAP ASC 842
On-balance-sheet, but keeps a dual model — operating vs. finance leases post different expense patterns.
P&L pattern differs
C · Dutch GAAP (RJ)
Operating leases may still stay off-balance-sheet — a materially different starting point than IFRS.
Off-balance option
D · Turkish GAAP (TFRS)
TFRS 16 mirrors IFRS 16 for entities on full TFRS; BOBI FRS entities keep operating leases off-balance-sheet.
Tier-dependent
E · German HGB
No on-balance-sheet model at all — HGB still follows the classic risk-and-reward lessee/lessor split.
No ROU asset
F · UK GAAP (FRS 102)
Periodic-review amendments (periods from 1 Jan 2026) bring an IFRS 16-style on-balance-sheet lessee model, with simplifications.
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're built to 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 built to be the living version of that stack: one searchable view, topic by topic, across every framework your group actually reports under.

Today
Comparisons live in PDFs that go stale the moment a standard-setter issues an update.
Coverage gap
Most existing guides stop at IFRS vs. US GAAP — local GAAPs rarely get compared at all.
Frameworks covered at launch

Six books. One reconciliation view.

Each framework carries its own tab, its own standard-setter, and its own review cycle.

A

IFRS

IASB

The baseline. Principles-based, applied or permitted in 160+ jurisdictions.

B

US GAAP

FASB · ASC Codification

Rules-based, organized across roughly 90 codified topics.

C

Dutch GAAP

Raad voor de Jaarverslaggeving

Simpler and more permissive than IFRS for non-listed Dutch entities.

D

Turkish GAAP

KGK · TFRS / BOBI FRS

Tiered by entity size — large entities track IFRS closely, smaller ones diverge more.

E

German GAAP

HGB · Handelsgesetzbuch

More conservative and creditor-focused than IFRS — still widely used for statutory local filings.

F

UK GAAP

FRC · FRS 102

The main UK & Ireland GAAP for non-listed entities. The 2026 periodic-review amendments pull revenue and leases much closer to IFRS.

Topic library at launch

Twelve topics. Every one cross-referenced.

The technical areas multinational groups hit most often when converting between frameworks.

01Revenue recognition
02Leases
03Financial instruments
04Property, plant & equipment
05Intangible assets & goodwill
06Impairment of assets
07Provisions & contingencies
08Income taxes
09Consolidation & scope
10Business combinations
11Employee benefits & pensions
12Presentation 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.

Be first to reconcile smarter.

We're building the topic matrix for IFRS, US GAAP, Dutch GAAP, Turkish GAAP, German HGB, and UK GAAP first. Join the list and we'll email you the day it's ready to try.

You're on the list — we'll email you when the first six frameworks go live.
No spam. One email when the comparison tool is ready.