Salesforce Financial Services Cloud Accredited Professional (AP-208) Exam Questions Instant Access

Question 1

[Security, Permissions, and Integration]

While working for an insurance client implementing Financial Services Cloud, an API integration between Salesforce and a risk control system has been configured. The consultant is asked to ensure the correct profiles and permissions were set up for this connection. Which two steps should the consultant take?

AUpdate the System Administrator profile to include the API Only User.

BCreate a dedicated Integration User.

CAssign the integration user to the System Administrator profile.

DCreate a new customprofile and ensure API Only is selected.

Answer : B, D

Question 2

[Relationship and Group Management]

A System Administrator has received a note from one of theportfolio managers that the ActionableRelationship Center (ARC) is not visible when the portfolio manager was trying to set up relationships between two accounts. The portfolio manager has also mentioned that other colleagues in the same role have accessto it and are able to use it to manage their customer's relationships. What is a possible cause for this?

AThe portfolio manager has not been given the permissions that enable users to view and manage ARC

BThe portfolio manager does not have access tothe Lightning page that has the ARC component added

CThe portfolio manager does not have access to the account records that he is trying to create for.

DThe ARC Component has not been added to the page layout

Answer : A

Question 3

[Financial Accounts, Rollups, and Referrals]

A financial services company needs to capture a new type of referral that has different required fields than what is currently configured inthe org.

Which three steps should the administrator take to configure Financial Services Cloud correctly based on the scenario?

AAssign the record type to users.

BCreate a new record type Referral' on the Lead object.

CCreate a new referral record type mapper record.

DCreate a custom Referral object.

EUpdate the lead page layout.

Answer : A, B, E

Question 4

[FSC Features and Functionality]

A wealth management firm is looking to start tracking its clients' hobbies for marketing purposes in Salesforce. Which Financial Services Cloud feature is most suitable for this?

AInterest Tags

BAlerts

CTopics

DEngagement Topics

Answer : A

Question 5

[Implementation and Best Practices]

A financial services company wants to plan ahead for designing the Financial Services Cloud (FSC) implementation. Which three activities should the implementation team prioritize during planning?

APrepare for integrations with transactional systems, external data sources, custodians, and any other platforms that the company's business relies on.

BBeyond the preconfigured settings, evaluate whether they need advanced customizations.

CEnable and configure person accounts in FSC, and assign users with permission set licenses.

DReview the out-of-the-box capabilities and compare them to the company's current needs.

EDesign the modifications to fields, picklists, layouts, and othKrequired features to support business processes.

Answer : A, B, D

Question 6

[Financial Accounts, Rollups, and Referrals]

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

AAn RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances.

BPerson Accounts need to be enabled in order to use the Rollup by Lookup functionality.

CThe Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels

DSalesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules

ERBL rules do not require a lot of processing power.

Answer : A, C, D

Question 7

[Implementation and Best Practices]

The system administrator team at a retail consumer bank justreceived 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 datamigration?

A1. Accounts and contacts2. Financial accounts3. Account groups and households

B1. Financial accounts2. Accounts and contacts3, Account groups

C1. Accounts and contacts2. Households3. Financial accounts

D1. Households2.Financial accounts3. Person accounts

Answer : A