Hi Jagan,
Based on your inputs, I understand that you are following Revenue Recognition Function which is available in SD Module.
In such case, Impact of revenue recognition depends upon the revenue recognition method which you are following (like time related, event related etc.) and related configurations in SD item categories and FI Account assignment.
I suggest you to go through note 1172799 - New version of Best Practices for revenue recognitionwhich describes the process, best practices and customization settings related to Revenue recognition. It is more of SD process and advise to contact your SD team for the same.
Regards,
Santosh Varanasi