diff --git a/addons/account/account.py b/addons/account/account.py
index 61e1fb021a9..38ed96d4aac 100644
--- a/addons/account/account.py
+++ b/addons/account/account.py
@@ -139,7 +139,7 @@ class account_account_type(osv.osv):
  'Balance' will generally be used for cash accounts.
  'Detail' will copy each existing journal item of the previous year, even the reconciled ones.
  'Unreconciled' will copy only the journal items that were unreconciled on the first day of the new fiscal year."""),
-        'sign': fields.selection([(-1, 'Negative'), (1, 'Positive')], 'Sign on Reports', required=True, help='Allows you to change the sign of the balance amount displayed in the reports, so that you can see positive figures instead of negative ones in expenses accounts.'),
+        'sign': fields.selection([(-1, 'Reverse balance sign'), (1, 'Preserve balance sign')], 'Sign on Reports', required=True, help='For accounts that are typically more debited than credited and that you would like to print as negative amounts in your reports, you should reverse the sign of the balance; e.g.: Expense account. The same applies for  accounts that are typically more credited than debited and that you would like to print as positive amounts in your reports; e.g.: Income account.'),
         'report_type':fields.selection([
             ('none','/'),
             ('income','Profit & Loss (Income Accounts)'),
@@ -2637,6 +2637,10 @@ class account_fiscal_position_account_template(osv.osv):
 
 account_fiscal_position_account_template()
 
+# ---------------------------------------------------------
+# Account Financial Report
+# ---------------------------------------------------------
+
 class account_financial_report(osv.osv):
     _name = "account.financial.report"
     _description = "Account Report"
@@ -2691,17 +2695,19 @@ class account_financial_report(osv.osv):
         'parent_id': fields.many2one('account.financial.report', 'Parent'),
         'children_ids':  fields.one2many('account.financial.report', 'parent_id', 'Account Report'),
         'sequence': fields.integer('Sequence'),
+        'note': fields.text('Notes'),
+        'balance': fields.function(_get_balance, 'Balance'),
+        'level': fields.function(_get_level, string='Level', store=True, type='integer'),
         'type': fields.selection([
-            ('sum','Sum'),
+            ('sum','View'),
             ('accounts','Accounts'),
-            ('account_report','Account Report'),
+            ('account_type','Account Type'),
+            ('account_report','Report Value'),
             ],'Type'),
         'account_ids': fields.many2many('account.account', 'account_account_financial_report', 'report_line_id', 'account_id', 'Accounts'),
-        'note': fields.text('Notes'),
-        'account_report_id':  fields.many2one('account.financial.report', 'Account Report'),
-        'balance': fields.function(_get_balance, 'Balance'),
-        'display_detail': fields.boolean('Display the account list'),
-        'level': fields.function(_get_level, string='Level', store=True, type='integer'),
+        'display_detail': fields.boolean('Display details', help='Display every account with its balance instead of the sum.'),
+        'account_report_id':  fields.many2one('account.financial.report', 'Report Value'),
+        'account_type_ids': fields.many2many('account.account.type', 'account_account_financial_report_type', 'report_id', 'account_type_id', 'Account Types'),
     }
 
     _defaults = {
@@ -2710,7 +2716,9 @@ class account_financial_report(osv.osv):
 
 account_financial_report()
 
-    # Multi charts of Accounts wizard
+# ---------------------------------------------------------
+# Account generation from template wizards
+# ---------------------------------------------------------
 
 class wizard_multi_charts_accounts(osv.osv_memory):
     """
diff --git a/addons/account/account_view.xml b/addons/account/account_view.xml
index 1055a4a164a..b22274f4546 100644
--- a/addons/account/account_view.xml
+++ b/addons/account/account_view.xml
@@ -749,6 +749,7 @@
                     <group col="2" colspan="2">
                         <separator string="Reporting Configuration" colspan="4"/>
                         <field name="report_type" select="2"/>
+                        <field name="sign" />                        
                     </group>
                     <group col="2" colspan="2">
                         <separator string="Closing Method" colspan="4"/>
@@ -2713,16 +2714,27 @@ action = pool.get('res.config').next(cr, uid, [], context)
             <field name="type">form</field>
             <field name="arch" type="xml">
                 <form string="Account Report">
-                    <field name="name"/>
-                    <field name="parent_id"/>
-                    <field name="sequence"/>
-                    <field name="type"/>
-                    <field name="account_report_id" attrs="{'readonly': [('type', '!=', 'account_report')]}"/>
-                    <separator string="Accounts" colspan="4"/>
-                    <field name="display_detail" attrs="{'readonly': [('type', '!=', 'accounts')]}"/>
-                    <field name="account_ids" nolabel="1" colspan="4" attrs="{'readonly': [('type', '!=', 'accounts')]}"/>
-                    <separator string="Notes" colspan="4"/>
-                    <field name="note" nolabel="1" colspan="4"/>
+                    <group col="6" colspan="4">
+                        <field name="name"/>
+                        <field name="parent_id"/>
+                        <field name="sequence"/>
+                        <field name="type"/>
+                    </group>
+                    <notebook colspan="4">
+                        <page string="Report" attrs="{'invisible': [('state','!=','confirm')]}">
+                            <field name="display_detail" attrs="{'invisible': [('type','!=','accounts')]}"/>
+                            <newline/>
+                            <field name="account_ids" nolabel="1" colspan="6" attrs="{'invisible': [('type', '!=', 'accounts')]}"/>
+                            <newline/>
+                            <field name="account_report_id" attrs="{'invisible': [('type', '!=', 'account_report')]}"/>
+                            <newline/>
+                            <field name="account_type_ids" nolabel="1" attrs="{'invisible': [('type', '!=', 'account_type')]}"/>
+                            <newline/>
+                        </page>
+                        <page string="Notes" attrs="{'invisible': [('state','!=','confirm')]}">
+                            <field name="note" nolabel="1" colspan="4"/>
+                        </page>
+                    </notebook>
                 </form>
             </field>
         </record>
@@ -2763,7 +2775,7 @@ action = pool.get('res.config').next(cr, uid, [], context)
         </record>
 
         <record id="action_account_financial_report_tree" model="ir.actions.act_window">
-            <field name="name">Account Reports</field>
+            <field name="name">Financial Reports</field>
             <field name="type">ir.actions.act_window</field>
             <field name="res_model">account.financial.report</field>
             <field name="view_type">form</field>
@@ -2790,7 +2802,7 @@ action = pool.get('res.config').next(cr, uid, [], context)
             </field>
         </record>
         <record id="action_account_report_tree_hierarchy" model="ir.actions.act_window">
-            <field name="name">Account Reports Hierarchy</field>
+            <field name="name">Financial Reports Hierarchy</field>
             <field name="res_model">account.financial.report</field>
             <field name="view_type">tree</field>
             <field name="view_id" ref="view_account_report_tree_hierarchy"/>
diff --git a/addons/account/report/account_balance_sheet.py b/addons/account/report/account_balance_sheet.py
index b1e51e6fc46..ce9e3c51f06 100644
--- a/addons/account/report/account_balance_sheet.py
+++ b/addons/account/report/account_balance_sheet.py
@@ -136,7 +136,7 @@ class report_balancesheet_horizontal(report_sxw.rml_parse, common_report_header)
                         'code': account.code,
                         'name': account.name,
                         'level': account.level,
-                        'balance':account.balance,
+                        'balance': account.balance != 0 and account.balance * account.user_type.sign or account.balance,
                         'type': account.type,
                     }
                     currency = account.currency_id and account.currency_id or account.company_id.currency_id
diff --git a/addons/account/report/account_financial_report.py b/addons/account/report/account_financial_report.py
index 6b0ada74708..6b42bb1875d 100644
--- a/addons/account/report/account_financial_report.py
+++ b/addons/account/report/account_financial_report.py
@@ -63,14 +63,18 @@ class report_account_common(report_sxw.rml_parse, common_report_header):
             if data['form']['enable_filter']:
                 vals['balance_cmp'] = self.pool.get('account.financial.report').browse(self.cr, self.uid, report.id, context=data['form']['comparison_context']).balance
             lines.append(vals)
+            account_ids = []
             if report.type == 'accounts' and report.display_detail and report.account_ids:
                 account_ids = account_obj._get_children_and_consol(self.cr, self.uid, [x.id for x in report.account_ids])
+            elif report.type == 'account_type' and report.account_type_ids:
+                account_ids = account_obj.search(self.cr, self.uid, [('user_type','in', [x.id for x in report.account_type_ids])])
+            if account_ids:
                 for account in account_obj.browse(self.cr, self.uid, account_ids, context=data['form']['used_context']):
                     if account.type != 'view':
                         flag = False
                         vals = {
                             'name': account.code + ' ' + account.name,
-                            'balance': account.balance,
+                            'balance':  account.balance != 0 and account.balance * account.user_type.sign or account.balance,
                             'type': 'account',
                             'level': 6,
                             'account_type': account.type,
diff --git a/addons/account/report/account_profit_loss.py b/addons/account/report/account_profit_loss.py
index 4c8896ee630..27182cdbd21 100644
--- a/addons/account/report/account_profit_loss.py
+++ b/addons/account/report/account_profit_loss.py
@@ -141,11 +141,15 @@ class report_pl_account_horizontal(report_sxw.rml_parse, common_report_header):
                           'code': cal_list['expense'][i].code,
                           'name': cal_list['expense'][i].name,
                           'level': cal_list['expense'][i].level,
-                          'balance':cal_list['expense'][i].balance,
+                          'balance': cal_list['expense'][i].balance != 0 and \
+                                    cal_list['expense'][i].balance * cal_list['expense'][i].user_type.sign or \
+                                    cal_list['expense'][i].balance,
                           'code1': cal_list['income'][i].code,
                           'name1': cal_list['income'][i].name,
                           'level1': cal_list['income'][i].level,
-                          'balance1':cal_list['income'][i].balance,
+                          'balance1': cal_list['income'][i].balance != 0 and \
+                                        cal_list['income'][i].balance * cal_list['income'][i].user_type.sign or \
+                                        cal_list['income'][i].balance,
                           }
                     self.result_temp.append(temp)
                 else:
@@ -158,7 +162,9 @@ class report_pl_account_horizontal(report_sxw.rml_parse, common_report_header):
                               'code1': cal_list['income'][i].code,
                               'name1': cal_list['income'][i].name,
                               'level1': cal_list['income'][i].level,
-                              'balance1':cal_list['income'][i].balance,
+                              'balance1': cal_list['income'][i].balance != 0 and \
+                                            cal_list['income'][i].balance * cal_list['income'][i].user_type.sign \
+                                            or cal_list['income'][i].balance,
                               }
                         self.result_temp.append(temp)
                     if  i < len(cal_list['expense']):
@@ -166,7 +172,9 @@ class report_pl_account_horizontal(report_sxw.rml_parse, common_report_header):
                               'code': cal_list['expense'][i].code,
                               'name': cal_list['expense'][i].name,
                               'level': cal_list['expense'][i].level,
-                              'balance':cal_list['expense'][i].balance,
+                              'balance': cal_list['expense'][i].balance != 0 and \
+                                            cal_list['expense'][i].balance * cal_list['expense'][i].user_type.sign \
+                                            or cal_list['expense'][i].balance,
                               'code1': '',
                               'name1': '',
                               'level1': False,
diff --git a/addons/account/report/account_profit_loss.rml b/addons/account/report/account_profit_loss.rml
index 3b6aa102ce9..362381be6a8 100644
--- a/addons/account/report/account_profit_loss.rml
+++ b/addons/account/report/account_profit_loss.rml
@@ -228,8 +228,8 @@
           [[ setTag('tr','tr',{'style': 'Table'+str(min(3,a.level))}) ]]
         <td><para style="terp_level_3_code">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_3_code_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_code'}) ]]<i>[[ a.code ]]</i></para></td>
         <td><para style="terp_level_3_name">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_name_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(4,a.level))+'_name'}) ]][[ a.name ]]</para></td>
-        <td>[[ (a.level &lt;&gt;2) or removeParentNode('td')  ]]<para style="terp_level_3_balance">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_3_balance_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_balance'}) ]][[ formatLang(a.balance, currency_obj=company.currency_id) ]]</para></td>
-        <td>[[ a.level == 2 or removeParentNode('td') ]]<para style="terp_level_2_balance"><u>[[ formatLang(a.balance, currency_obj=company.currency_id) ]]</u></para></td>
+        <td>[[ (a.level &lt;&gt;2) or removeParentNode('td')  ]]<para style="terp_level_3_balance">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_3_balance_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_balance'}) ]][[ formatLang(a.balance * a.user_type.sign, currency_obj=company.currency_id.symbol)</para></td>
+        <td>[[ a.level == 2 or removeParentNode('td') ]]<para style="terp_level_2_balance"><u>[[ formatLang(a.balance * a.user_type.sign, currency_obj=company.currency_id) ]]</u></para></td>
       </tr>
     </blockTable>
     <blockTable colWidths="100.0,326.0,113.0" style="Table_Net_Profit_Loss">
@@ -277,8 +277,8 @@
           [[ setTag('tr','tr',{'style': 'Table'+str(min(3,a.level))}) ]]
         <td><para style="terp_level_3_code">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_3_code_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_code'}) ]]<i>[[ a.code ]]</i></para></td>
         <td><para style="terp_level_3_name">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_name_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(4,a.level))+'_name'}) ]][[ a.name ]]</para></td>
-        <td>[[ (a.level &lt;&gt;2) or removeParentNode('td')  ]]<para style="terp_level_3_balance">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_3_balance_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_balance'}) ]][[ formatLang(a.balance, currency_obj=company.currency_id) ]]</para></td>
-        <td>[[ a.level == 2 or removeParentNode('td') ]]<para style="terp_level_2_balance"><u>[[ formatLang(a.balance, currency_obj=company.currency_id) ]]</u></para></td>
+        <td>[[ (a.level &lt;&gt;2) or removeParentNode('td')  ]]<para style="terp_level_3_balance">[[ (a.type =='view' and a.level &gt;= 3) and setTag('para','para',{'style': 'terp_level_3_balance_bold'}) or setTag('para','para',{'style': 'terp_level_'+str(min(3,a.level))+'_balance'}) ]][[ formatLang(a.balance * a.user_type.sign, currency_obj=company.currency_id) ]]</para></td>
+        <td>[[ a.level == 2 or removeParentNode('td') ]]<para style="terp_level_2_balance"><u>[[ formatLang(a.balance * a.user_type.sign, currency_obj=company.currency_id) ]]</u></para></td>
       </tr>
     </blockTable>
     <blockTable colWidths="100.0,326.0,113.0" style="Table4">
diff --git a/addons/account/wizard/account_financial_report_view.xml b/addons/account/wizard/account_financial_report_view.xml
index 2083fd0ed53..1472da4ba87 100644
--- a/addons/account/wizard/account_financial_report_view.xml
+++ b/addons/account/wizard/account_financial_report_view.xml
@@ -31,7 +31,7 @@
         </record>
 
         <record id="action_account_report" model="ir.actions.act_window">
-             <field name="name">Financial Report</field>
+             <field name="name">Financial Reports</field>
              <field name="res_model">accounting.report</field>
              <field name="type">ir.actions.act_window</field>
              <field name="view_type">form</field>