June 2011 session ACCA Qualification pass rates: Paper F1, Accountant in Business, 70%* Paper F2, Management Accounting, 57%* Paper F3, Financial Accounting, 55%* Paper F4, Corporate and Business Law, 55% Paper F5, Performance Management, 37% Paper F6, Taxation, 51% Paper F7, Financial Reporting, 38% Paper F8, Audit and Assurance, 40% Paper F9, Financial Management, 38% Paper P1, Governance, Risk and Ethics, 52% Paper P2, Corporate Reporting, 50% Paper P3, Business Analysis, 47% Paper P4, Advanced Financial Management, 30% Paper P5, Advanced Performance Management, 35% Paper P6, Advanced Taxation, 45% Paper P7, Advanced Audit and Assurance, 31%