You could also view Deferred Revenue Like Flip-Side of Fixed Asset where the Deferred Revenue Could be seen as Liabilities.
The Analogy could be as follows:
Take Rent for example.
When Rent is paid for 2 Years, the value goes to the Income Account as 100% Value in the current period. However, in the real sense, the value should be spread as income over the next 2 years spanning the rent period. Thus, the value will be moved from the Income Account to the Deferred Revenue Account as a Liability. and on a monthly basis for the duration of the Rent, the Monthly Amount is Credited to the Income account and moved from the Deferred Revenue Account in the Balance Sheet.
In Effect, the stages are as follows like FA Posting (Only its the Reverse in Sign)
Post FA Acquisition >> Post Liability Acquisition (-ve FA).
Acquisition Account and Accum. Depreciation Account = Deferred Revenue Account
Recognition Start Date = Rent Start Date
Recognition End Date = Rent End Date
Depreciation Expense Account = Income Account (Rent)
Monthly Periodic Activity Calculate Depreciation = Calculate Recognition.
This will the Create the Recognition Journal that Transfers the Monthly Rent from Deferred Revenue to the Rent (income) Account.
The Monthly Recognition continues until the Book Value of the Liability becomes Zero.
Hope This helps - Sgg