diff --git a/addons/account/data/data_financial_report.xml b/addons/account/data/data_financial_report.xml
new file mode 100644
index 00000000000..18624f94749
--- /dev/null
+++ b/addons/account/data/data_financial_report.xml
@@ -0,0 +1,43 @@
+<?xml version="1.0" encoding="utf-8"?>
+<openerp>
+    <data noupdate="1">
+        <!-- 
+            Financial Reports
+        -->
+        <record id="account_financial_report_balancesheet0" model="account.financial.report">
+            <field name="name">Balance Sheet</field>
+            <field name="type">sum</field>
+        </record>
+        <record id="account_financial_report_assets0" model="account.financial.report">
+            <field name="name">Assets</field>
+            <field name="parent_id" ref="account_financial_report_balancesheet0"/>
+            <field name="display_detail">detail_with_hierarchy</field>
+            <field name="type">account_type</field>
+        </record>
+        <record id="account_financial_report_liability0" model="account.financial.report">
+            <field name="name">Liability</field>
+            <field name="parent_id" ref="account_financial_report_balancesheet0"/>
+            <field name="display_detail">detail_with_hierarchy</field>
+            <field name="type">account_type</field>
+        </record>
+
+        <record id="account_financial_report_profitandloss0" model="account.financial.report">
+            <field name="name">Profit and Loss</field>
+            <field name="type">sum</field>
+        </record>
+        <record id="account_financial_report_income0" model="account.financial.report">
+            <field name="name">Income</field>
+            <field name="parent_id" ref="account_financial_report_profitandloss0"/>
+            <field name="display_detail">detail_with_hierarchy</field>
+            <field name="type">account_type</field>
+        </record>
+        <record id="account_financial_report_expense0" model="account.financial.report">
+            <field name="name">Expense</field>
+            <field name="parent_id" ref="account_financial_report_profitandloss0"/>
+            <field name="display_detail">detail_with_hierarchy</field>
+            <field name="type">account_type</field>
+        </record>
+
+    </data>
+</openerp>
+