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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q29-Q34):

NEW QUESTION # 29
Rachel is the primary member of the Adams household hired a new attorney. What type of relationship should the Wealth Advisor create in Financial Services Cloud for Rachel and her attorney before assigning the reciprocal role of "Attorney"?

A. Create an Account-Account relationship between the Adams Household and the attorney
B. Create a Contact-Contact Relationships between the primary member of the Adams Household and the attorney.
C. Create an Account-Account Relationship between the Addams Family Trust and the attorney.
D. Create an Account-Contact relationship between the Adams Household and the attorney.

Answer: D

NEW QUESTION # 30
Which three of these statements are true for Rollup By Lookup (RBL) in Financial Services Cloud?

A. An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances.
B. Person Accounts need to be enabled in order to use the Rollup by Lookup functionality.
C. Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules
D. The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels
E. RBL rules do not require a lot of processing power.

Answer: A,C,D

Explanation:
Explanation
The following statements are true for Rollup By Lookup (RBL) in Financial Services Cloud:
An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances. You can use RBL rules to aggregate financial account data across different levels of client relationships.
The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels. You can use RBL configuration to define which fields are rolled up and how they are calculated for each diem and group type.
Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules. RBL rules are complex and require extensive testing and validation. If you need to create or customize RBL rules, you should contact a certified Salesforce partner or consultant. Verified References: : Salesforce Financial Services Cloud Implementation Guide, page 75. : Salesforce Financial Services Cloud Implementation Guide, page 76. : Salesforce Financial Services Cloud Implementation Guide, page 77.

NEW QUESTION # 31
Rachel Addams belongs to two households:
1. The Addams household where Rachel lives with her spouse, Nigel Addams. Rachel is the client and, as such, is listed as the primary member of that household. This household is also Rachel's primary group.
2. The Symonds household. This household belongs to Rachel's parents, but Rachel manages their finances.
Rachel is considered the beneficiary of this household.
In addition, Rachel's household has a related account, the Addams Charitable Trust, and a related contact, Ivan
M. Kohl, attorney at law.
What should be the relationships between the parties when the Financial Services Cloud consultant sets up Rachel's person account?
1.Primary Group Household - Addams Household
Primary Member - Rachel Addams
Spouse - Nigel Adams
Trustee - Addams Charitable Trust
Household - Symonds Household
Primary Member - Neil Symonds
Beneficiary - Rachel Addams
Related Accounts - Addams Charitable Trust
Related Contacts - Ivan M. Kohl
A financial services company needs to transform the individual data model to person accounts in Financial Services Cloud (FSC), and its consulting partner is helping decide the sequence of the user stories in the design phase.
What should the implementation team do as the top priority during planning?

A. Enable a person account in a sandbox.
B. Perform a data backup.
C. Enable person accounts in FS
D. Configure Person Account record types.

Answer: B

Explanation:
Explanation
The relationships between the parties when the Financial Services Cloud consultant sets up Rachel's person account should be as follows:
Primary Group Household - Addams Household
Primary Member - Rachel Addams
Spouse - Nigel Adams
Trustee - Addams Charitable Trust
Household - Symonds Household
Primary Member - Neil Symonds
Beneficiary - Rachel Addams
Related Accounts - Addams Charitable Trust
Related Contacts - Ivan M. Kohl

NEW QUESTION # 32
How can you set up Referral creation?

A. As a global action
B. As a Flow
C. On a Community
D. As a standard action

Answer: A,C,D

NEW QUESTION # 33
The Salesforce Admin wants to change the fields that are showing on the Actionable Relationship Center Household Card. How can the Admin achieve this?

A. Use the Schema Builder to update the field on the Household Card.
B. Edit Household Page Compact Layout on the Account Object.
C. Change the fields directly from the card.
D. Edit Household Page Compact Layout on the Contact Object.

Answer: B

NEW QUESTION # 34
......

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Sean Brown Sean Brown

Biography

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