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

Question 1

[Financial Accounts, Rollups, and Referrals]

An insurance company needs to ensure the record rollups aggregate information from related records for several objects in the Financial Services Cloud at a client orgroup level.

What should the administrator configure to meet the requirement?

ATo show all Primary Group member cases on a related list at the group level, the administrator should add Cases as a picklist value to the Rollup__c field on Account Contact Relationship.

BClient-level records are aggregated by setting up client-level rollups to all primary group members.

CWhen the administrator enables record rollups at the group level, all corresponding records are stamped with the Primary Group in the Rallup_c lookup field

DTo show all Primary Group member opportunities on a related list at the group level, the administrator should add Opportunities as a picklist value to the Household__c field on Account Contact Relationship.

Answer : C

Question 2

[FSC Data Model and Configuration]

How can the Salesforce Administrator make sure that highly sensitive Life Events or Business Milestones will not be shownuntil the event actually happened?

AHide the Event or Milestone on the Events & Business Milestones Lightning Component page properties.

BDelete the value from the Event Type picklist on the Life Event Object or the Milestone type on the BusinessMilestone object

CRemove the Event or Milestone from the Lightning Component in the Developer Console.

DLife Events are part of the FSC managed package, therefore the Salesforce Admin must contact Salesforce Support to remove the Event from the Lightning Component.

Answer : A

Question 3

[FSC Data Model and Configuration]

What actions can a Wealth Advisor take from the Life Events card7

ACreate Case

BCreate Lead & Referral

COpen an Account

DRequest Record Approval

ECreate Opportunity

Answer : B, D, E

Question 4

[Financial Accounts, Rollups, and Referrals]

The Salesforce Admin at Lake Tahoe Bank is implementing Financial Services Cloud and wants to roll up customer data at the client and group levels. What functionality can Rollup By Lookup (RBL) provide for this requirement?

ARBL calculations can notbe disabled when importing data into your Salesforce org.

BAn RBL rule displays summary calculations of financial account information, such as account balances.

CWhen you edit a financial account record or primary Group membership, the Rollup By Lookup(RBL) configuration updates the corresponding RBL summaries at the client and Group levels.

DRollups for multiple joint owners are not supported

ERollup By Lookup (RBL) displays associated records for Financial Accounts. Financial Goals, and Opportunities.

Answer : B, C, E

Question 5

[FSC Features and Functionality]

Cumulus Insurance has a franchise business model with a large number of franchisees who operate independently but report to regional managers who are Cumulus employees. The company would like the franchise owners and their employees to have access to the Cumulus Salesforce Financial Services Cloud (FSC) instance. The company plans to use the Role Hierarchy and sharing rules to implement this. What should the architect at Cumulus Insurance be aware of for this solution?

AFranchise users will need to switch their browsers to a platform that supports Lightning Web Components.

BSalesforce FSC only allows 1,024 public groups.

CThe administrator can define up to 300 total sharing rules for each object.

DFranchise users canhave multiple roles in the hierarchy.

Answer : C

Question 6

[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

Question 7

[FSC Features and Functionality]

A Financial Services Cloud (FSC) administrator is assigning permission set licenses to users, including personal bankers. Which permission set license is recommended for this set of users?

AFSC Foundations permission set license

BFSC Basic permission set license

CFSC Extension permission set license

DFSC Standard permission set license

Answer : D