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Financial-Services-Cloud Study Demo | New Financial-Services-Cloud Test Syllabus
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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q38-Q43):
NEW QUESTION # 38
An investment bank is implementing Financial Services Cloud (FSC) to manage the deal pipeline. Each opportunity has confidential information that the deal team members must only view. In addition, each member needs the ability to take and share notes directly within Salesforce with others on the team.
Which three FSC features should be part of the solution design?
- A. Complianthata Sharing
- B. Sharing Rules
- C. Profiles
- D. Interaction Summaries
- E. Financial Deal Management
Answer: B,D,E
Explanation:
Explanation
The following FSC features should be part of the solution design for managing confidential deal information and notes sharing among deal team members:
Financial Deal Management: Financial Deal Management is a feature in Financial Services Cloud that allows you to track and manage complex deals that involve multiple parties, products, and stages. You can use Financial Deal Management to store confidential deal information such as deal name, amount, status, or participants. You can also use Financial Deal Management to associate opportunities, products, or tasks with a deal.
NEW QUESTION # 39
The system administrator team at a retail consumer bank just received data migration instructions and guidance on Data Loader from their Salesforce architect to upgrade the existing Service Cloud org to a Financial Services Cloud (FSC) org.
In what order should the Salesforce objects be uploaded during an FSC data migration?
- A. 1. Accounts and contacts
2. Households
3. Financial accounts - B. 1. Accounts and contacts
2. Financial accounts
3. Account groups and households - C. 1. Households
2. Financial accounts
3. Person accounts - D. 1. Financial accounts
2. Accounts and contacts
3, Account groups
Answer: B
Explanation:
Explanation
The order of uploading Salesforce objects during an FSC data migration is important to ensure data integrity and avoid errors. The recommended order is:
Accounts and contacts: These are the core objects that store the basic information about the customers and their relationships. They should be uploaded first to establish the foundation for the FSC data model4.
Financial accounts: These are the custom objects that store the financial information about the customers, such as balances, interest rates, fees, and transactions. They should be uploaded after the accounts and contacts, and linked to them using lookup fields5.
Account groups and households: These are the custom objects that group the accounts and contacts based on common attributes or relationships, such as family members or business partners. They should be uploaded after the financial accounts, and linked to them using junction objects6.
References:
Financial Services Cloud Data Model
Data Migration Best Practices
Accounts and Contacts
Financial Accounts
Account Groups and Households
NEW QUESTION # 40
What steps does the SalesforceAdministrator have to take to create a new Business Milestone Type?
- A. Find Person Life Event using the Object Manager and add a new picklist value on the Milestone Type Field.
- B. In the Lightning Page Editor add the new Milestone Type to the Life Events & Business Milestones Lightning component
- C. Find Business Milestone using the Object Manager and add a new picklist value on the Milestone Type Field
- D. In the Object Manager go to the Business Milestone object and create a new field using the name of the new milestone.
Answer: C
Explanation:
To create a new Business Milestone Type, you need to add a new picklist value on the Milestone Type field of the Business Milestone object. This field is used to categorize the different types of business milestones that can be tracked for a client. Verified References: : Salesforce Financial Services Cloud Implementation Guide, page 57.
NEW QUESTION # 41
What item appears in a user's My Unresolved items after synchronization (2 answers)
- A. Emails not associated to a record
- B. Cases not assigned to a contact
- C. Note not associated to a record
- D. Contacts not assigned to an account
Answer: B,D
NEW QUESTION # 42
Scott Adams is opening a joint savings account with his mom, Rachel Adams. Rachel Adams is the primary member of the Adams Household. Personal Banker Hank Burton wants to make sure that Scott's data is rolling up to the Adams Household. How can the Banker accomplish this?
- A. Make the Adams Household Scotts pnmary Group and make Scott the pnmary member
- B. Add Scon as a Related Contact to the Adams Household.
- C. Disable the Primary Group setting fof Scon on the Adams Household
- D. Make the Adams Household Scott's primary Group and edit tie Activities & Objects to ft* Up.
Answer: D
Explanation:
Explanation
To make sure that Scott's data is rolling up to the Adams Household, the Banker should make the Adams Household Scott's primary Group and edit the Activities & Objects to Roll Up. A primary Group is a construct in Financial Services Cloud that allows you to define the main group for a client. You can use primary Group to roll up financial data from all the financial accounts that are related to the client or the group. By making the Adams Household Scott's primary Group, the Banker can ensure that Scott's financial data is included in the household summary. The Banker can also edit the Activities & Objects to Roll Up to specify which items, such as financial accounts, goals, or referrals, should be rolled up for Scott. Verified References: : Salesforce Help Article 4
NEW QUESTION # 43
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