According to Compliance Week:
"Only 1 percent of the Fortune 500 say their adoption of new revenue recognition accounting rules will have a material effect on the company’s financial statements, according to a PwC analysis, while 54 percent say definitively that the effect will be immaterial. Another 17 percent have provided some qualitative disclosures about the expected effect of adoption, but no materiality call and no hard data."
https://www.complianceweek.com/blogs/accounting-auditing-update/half-of-fortune-500-still-noncommittal-on-new-revenue-rules
So, if the above figures are correct, this may be another fee generation for the public accounting firms, a drain on the resources of the company and net gain pretty insubstantial to the proposed groups who "need to see transparency", namely investors and creditors.
What's your opinion?