The qualitative characteristic that says accounting information can influence users' decisions by allowing them to assess past performance is:

Confirmatory Value

Explanation:

Accounting information has both the primary and secondary qualitative values or characteristics. These actually determine the usefulness of accounting information per time.

The primary characteristics of accounting information are: relevance and representational faithfulness

The secondary characteristics are: timeliness, comparability, understand ability and verifiability.

Specifically, Relevance describes the usefulness of accounting information in making financial decisions and for accounting information to be relevant it must possess the following:

1. A confirmatory value - any quality of accounting information that allows decision makers or users to assess or make use of information from past events or financial performance has a confirmatory value.

2. A predictive value- this quality means accounting information gives users information to predict the possible future and make informed decisions.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; /// i believe the correct answer to the above question is(200 pounds); /good luck