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Salesforce Financial Services Cloud Accredited Professional Sample Questions:

1. The Compliant Data Sharing (CDS) feature lets administrators and compliance managers configure advanced data-sharing rules so that they can improve compliance with regulations and company policies.
Which three things should be considered when implementing CDS in Financial Services Cloud (FSC)?

A) CDS in FSC allows record owners to grant access to their records to other FSC users.
B) To disable CDS for an object, any Participant Roles associated with that object must be deleted first.
C) To get the benefits of CDS, administrators must set organization-wide sharing settings for supported objects to the Private access model.
D) Users above the record owner in the Role Hierarchy and non-record owners with Edit access granted through CDS have the same ability/access as record owners,
E) CDS can only be applied to FSC objects and Account and Opportunity objects.

2. In Financial Services Cloud, what is the criteria for commas and symbols to be displayed correctly on the Financial Account Summary component?

A) Account currency must match org default currency.
B) User's locale and language must match user's currency.
C) User's locale must match user's currency.
D) User currency must match org default currency.

3. Lake Tahoe Bank branch manager is asking the Salesforce Administrator for improvements in Salesforce to speed up Loan Approval Processing. The Salesforce Admin isconsidering using Action Plans. Which 3 process improvements can be delivered using Action Plans?

A) Action Plans can speed up the collection of a list of documents needed for the loan application
B) Action Plans can automatically schedule the next appointment with the Advisor.
C) Action Plans create repeatable tasks and automate the task sequences when executed
D) Action Plans enhance collaboration and productivity by automatically assigning task owners and deadlines for specific client processes.
E) When you create an action plan from a template for a specific targetrecord, items that have no assigned user are assigned to the owner of that " target record.

4. 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?

A) Create a new referral record type mapper record.
B) Update the lead page layout.
C) Create a custom Referral object.
D) Create a new record type Referral' on the Lead object.
E) Assign the record type to users.

5. Lake Tahoe Bank allows more than two owners on Financial Accounts. The Salesforce Admin wants to make sure that balances are rolled up to all joint owner's primary Households. Which 2 options does the Salesforce Admin have to accomplish this?

A) Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
B) Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the householdlevel.
C) Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.
D) Enable the 'Enable Rollup Summary' in custom settings
E) Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.

Solutions: