WE have found sadly that Financial Reporting just print default account descriptions despite having translated descriptions; in different words, Financial Reporting does not check user language of preference or financial entity base language. So it will always show account description as entered during account creation.
This is nothing new, however, still to be solved as per this request from 7/13/2010.
Due to our implementation nature (multi-country, multicurrency and multi-language) having Financial Reports without translation as per user preferences or entity base language is causing a lot of issues.
We do not consider this as a nice to have.