Tag Archives: parent

Issues of Control in Accounting: A Comparative Analysis of IAS 27 and IFRS 10 (Published)

Subsidiaries identification has always been a contentious issue in consolidation of financial statements and till date is one of the most challenging issues accounting standard setting bodies such as the International Accounting Standards Board (IASB) have to contend with. The global financial crisis of 2007 and some prominent accounting scandals in recent history e.g., the Enron saga, have remarkably demonstrated the consequences of wrong application of consolidation rules on entities, investors, and other stakeholders. International Accounting Standard (IAS) 3 – Consolidated financial statements and IAS 27 – Consolidated and separate financial statements were respectively issued in 1976 and 1989 by the International Accounting Standards Committee (IASC) to address these controversies. Additionally, In May 2011, the IASB which replaces the IASC in 2001, published International Financial Reporting Standards (IFRS) 10 which came-up with a revised consolidation model replacing the provisions of IAS-27 and SIC-12. However, the consolidation criteria in IFRS 10 were adjudged as difficult to understand, even amongst experts and even more challenging to apply in practice. IFRS-10 is principled-based and is not only broader and more complex than IAS-27 and Standards Interpretation Committee (SIC) 12, but the structure remains questionable. In addition, the provisions of IFRS 10 contained several terms that were undefined and unspecified which are capable of subjective interpretation and application. In-depth understanding of the new provisions of IFRS 10 and its basic concepts are necessary to achieve the objective of the revised standard. Lack of adequate understanding of the new rules and its basic concepts will practically make it impossible to properly apply the new consolidation criteria. The research methodology adopted is therefore to review relevant literatures, practical and professional assertions by contrasting and comparing the provisions of the two standards.

Citation: Gubio Zanna Dalatu,  Kwasau Ntyak Leah and  Lateef Olumide Mustapha  (2022) Issues of Control in Accounting: A Comparative Analysis of IAS 27 and IFRS 10, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 8, pp.39-47


Keywords: Consolidated financial statements, Control, parent, subsidiary.

Effect of Parental Unemployment on Academic Performance of Secondary School Students in Nigeria (Published)

This paper examines the effect of parental unemployment on academic performance of secondary school students. Thus, the efficacy of parental unemployment   is perilous social problem which contributed to the inability of many parents to caring for their children   education. However, the challenges of unemployed parents contributed to the high rate of step—down many students in secondary education. Consequently, there some factors which contributes to unemployed parents in country such as shortage of industries, inexperience of people, unskilled labour and unavailable of firms. Moreover, thousands of embody men and women are unemployed in Nigeria. However they are seeking for employment opportunities, but the job is not available for them that was the reason    many parents are jobless and they cannot provide   their  childern education pre-requisite, while some parents  are not ready to work that is reason they are jobless and find it cumbersome to care for their  children education. Presently, thousands of secondary school students involved various bad activities such prostitution, Yahoo, kidnapping, stealing, and other relevant offences in our country, because of inability of their   parents to  send them  to   secondary  education . Yet, unemployment cause high rate of poverty which affected many patents in thirty- six states of federation includes Abuja  the federal  capital of Nigeria. However, the rate of drop out increasing daily basis because their parents could not perform their responsibility as parenting who have devoted to caring for their children education.  Moreover, the population of unemployed parents is too high in Nigeria .

Keywords: Academic, Education, Parenting, Performance, Poverty, School, Secondary, Unemployed, Unemployment, parent