Competencies are described as the ability to do a particular activity to prescribed standard.

The competencies can be classified into three categories

1. Behavior Skill and Personal Qualities
1.1 Balanced behavior
1.2 Leadership
1.3 Problem Solving
1.4 Attention to Details
1.5 Critical Thinking and Analytical Skill
1.6 Flexibility to Manage Situation
1.7 Team working
1.8 Influencing
1.9 Communication
1.10 Relationship-Building

2. Business Knowledge
2.1 Finance and Economy
2.2 Business Case Development
2.3 Domain Knowledge
2.4 Subject Matter Expert
2.5 Principle of IT
2.6 Organization Structure and Design
2.7 Procurement

3. Techniques
3.1 Requirements Engineering
3.2 Stakeholders analysis and management
3.3 Facilitation Techniques
3.4 Business System Modeling
3.5 Business Process Modeling
3.6 Managing Business change
3.7 Data Modeling
3.8 Investigation Technique
3.9 Project management
3.10 Strategy Analysis

1. Behavior Skill and Personal Qualities

1.1 Balanced Behavior
This is an ability to work out what is and what is not commercially acceptable in an organization. Having commercial and political awareness by the way emphatically does not mean accepting statement qua. It does mean using resourcefulness and being astute to get results, even in the face of opposition. Balanced behavior means forcing a issue but moderately, firm but not arrogant.

1.2 Leadership
There is a never one solution for all problems. Leader should have the ability to understand the context of the problem and provide an effective solution.

1.3 Problem solving
A business analyst has to approach an issue with the outlook that problem can be resolved. A variation on this is that even if the optimal solution can not be implemented for financial, technical or political reasons, then the business analyst must be pragmatic and be prepared to find other solutions that will yield at least some benefit.

1.4 Attention to Details
Many business cases fail because there is no sufficient detailed evidence for the proposed change. When a project is handed over to IT specialists, they often find many important issues if the detail have not been addressed. Having an eye for the details is also an important attribute of a good business analyst.

1.5Critical Thinking and Analytical Skill
Business analyst have a common sense to ascertain what data are relevant and what are significant and separate vital factors from less important many critical thinking is achievable by experience and differentiate what factor to concentrate and what to leave.

1.6 Flexibility to manage situation
This is an extremely important quality. Business analyst must have sufficient self confidence in himself, in the quality of his analysis and the correctness in his solution, be able to withstand the pressure and sustain his point of view

1.7 Team working with data's
Business analyst often work in teams, A nature of understanding of the role within the team and what needs to be done and appreciation of the working style of others are, therefore important to ensure that the project objectives are achieved.

1.8 Influencing
Influencing needs careful consideration and prior planning. Business analysts have to develop an understanding of where the other party stands …

Financial accounting is providing information such as balance sheet, profit and loss accounts for taking financial decision. It could be produced in front of the external agencies like government department, income tax authorities, shareholders, as well as creditors who analyze the financial strengths and weaknesses of a company. Financial accounting services include only the monetary aspects of the business. In the company's financial year end financial accounting is handled by certified accountants who produce two fundamental financial reports such as the balance sheet as well as the profit and loss statements.

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