“Parental Status and Students Academic Performance in Financial Accounting”

CHAPTER ONE

INTRODUCTION

1.1       Background to the Study

            Historically, all societies usually establish hierarchies, among their members, social-stratification is universal. Human beings have invented numerous ways to classify people by wealth, power, prestige, ability, education, occupation: even through where they live. According to person, Stephanie and Deborah (2001), socio economic status is an expression which is used to differenciate between people’s relative status in the community regarding family income, political power, educational background and occupational status. The academic performance of a child is usually determined by parental education level, parental occupational statist and income level (Jeynes, 2002). The term “social class” originally referred to group of people holding similar roles in the economic processes of production and exchange such as landowners or tenants, employers or employees. Such position correspond to different levels of status, prestige, and access to political power. However, social class eventually took on a more generic meaning and to refer to all aspects of a person’s rank on the social hierarchy (Gale Encyclopedia of Public Health, 2002).