This article analyzed the moderator role of perceived interpersonal power and prestige in the relation between perceived parental acceptance and children’s psychological adjustment. The sample consisted of 187 children (43% boys) ranging in age from 9 through 12 years (M = 10.58). The measures used were the child versions of the Parental Acceptance–Rejection Questionnaire, the youth version of the Parental Power–Prestige Questionnaire, and the child version of the Personality Assessment Questionnaire. Results indicate that perceived maternal acceptance and perceived paternal acceptance were significantly related to children’s psychological adjustment. Paternal acceptance was also significantly related to both interpersonal power and prestige. Results of hierarchical regression analyses revealed that perceived parental acceptance and interpersonal prestige made significant independent contributions to children’s (both boys’ and girls’) psychological adjustment. Analyses of the interactions between these variables revealed a moderating role of both perceived interpersonal power and prestige in the relationship between perceived paternal acceptance and children’s psychological adjustment.