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

Question 1

[FSC Features and Functionality]

A new custom object has been created, and the records of this object will be created throughintegration with another system What should a consultant do to ensure the data is loading into the correct fields in Financial Services Cloud?

ACreate a junction object between the external system and the new customer object where the data will reside

BEnsure custom metadata is configured and each custom metadata record details where the data will be sent

CUse a CSV file with the data created and use Data Loader to map to the correct field

DUtilize a field mapping file with the external system (allocation and the corresponding field in Salesforce

Answer : D

Question 2

[FSC Features and Functionality]

Cumulus Insurance has created a Delegated Administrator group for its franchise users to reduce the workload on head office support staff.

Which three functions should be added tothe Delegated Administrator group?

AUnlock users.

BModify permission sets.

CSet organization-wide sharing defaults on custom objects.

DAssign or remove permission sets for users in their delegated groups.

ECreate and manage membership of specified public groups.

Answer : A, D, E

Question 3

[Financial Accounts, Rollups, and Referrals]

For which three objects are Rollup By Lookup (RBL) summaries are available?

ALife Events

BFinancial Accounts

CAssets and Liabilities

DContacts

EClaims

Answer : B, C, D

Question 4

[Action Plans and Workflows]

The Salesforce Admin of Lake Tahoe Wealth Management Company needs to update an

existing, published Action Plan Template to accommodate a change in the firm's annual

clientreview process. What steps should the Admin take to make that change?

AEdit the published Action Plan Template directly.

BSet the Action Plan Template to ''Inactive'' and then make changes to the template, as necessary.

CClone the existing Action PlanTemplate and make any necessary changes on the new Action Plan Template.

Answer : C

Question 5

[FSC Features and Functionality]

Which three insurance processes are managed by the Policy Administration component?

APayments

BApprovals

CCommissions

DUnderwriting

EEndorsements

Answer : A, B, E

Question 6

[Financial Accounts, Rollups, and Referrals]

A wealth management division manages the financial assets of many wealthy clients.

Which three steps should the Financial Services Cloud consultant take to offer ahigh level of customization to boost user productivity?

ACreate a new type of person account so trust group details roll down to the beneficiaries level.

BCreate a Custom Field Set solely for the Wealth Managers without affecting the Investment Bankers.

CAssign the Custom Field Set to the Financial Summary component.

DCreate and assign the Cuslhm Field Set permission set to all users.

EAssign the Custom Field Set To a Lightning component.

Answer : B, C, E

Question 7

[FSC Features and Functionality]

Lake Tahoe Bank has branch offices in many countries around the world and they are planning to roll out Financial Services Cloud. Which of the 2 considerations does the Salesforce Admin have to keep in mind when it comes to dealing with multiple currencies?

AFor each user, the user currency must correspond to the default currency for the user's locale

BThe Salesforce Admin can enable or disable multiple currencies if needed

CWhen filtering by currency values in reports or list views, users must specify a currency ISO code, such as USO or GBP. before the value.

DWhen multicurrency is enabled in FSC. advanced currencymanagement is also available

Answer : C, D