IFRS plans for Revenue Recognition of Warranty and Extended Warranty

Currenty we have to defer the income from Extended Warranty contracts and recognise it once the contract is Active.  While the income from the Extended Warranty can be identified and recorded as derred, is there a simple way of automatically feeding it back as revenue whilst the contract is Active?  This is on Release 11.5.10.

Looking forward IFRS have published requirements that are likely to be implemented in 2013.  In a similar manner to Extended Warranty the price of providing a Warranty will have to be taken from the sales revenue of a product at the time of sale and released back into revenue only as the obligations of the Warranty are satisfied.