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Salesforce AP-208 Exam Syllabus Topics:

Salesforce Financial Services Cloud Accredited Professional Sample Questions:

Question 1

During a project's design phase, a consultant must provide a Financial Services Cloud solution that can support CompliantData Sharing (CDS). What are three things the consultant should consider regarding CDS?

A. A financial services company wants to track different categories of financial accounts in its org.
Relationship managers must be able to see all of these financial accounts in one place on the customer's Account record page grouped by categories. Which three steps should an administratortake to configure the Financial Account object and the Account Lightning record page to meet the design?
B. Participant Roles provide another way to grant data access without overwriting sharing behavior from existing sharing features.
C. Compliance managers and Salesforce administrators can enable CDS for Account and Opportunity objects.
D. Role Hierarchy-based sharing is disabled bydefault in CDS.
E. In a standard Salesforce org, Role Hierarchy for Account and Opportunity objects is enabled by default and can't be turned off.

Question 2

Lake Tahoe Bank has duplicate client records in their current CRM system because they come from a different systems of record. Any changes made in Salesforce should be updated in the source system. What can a Salesforce Administrator do to help bankers get a consolidated view of the individual in the Financial Services Cloud?

A. Create a custom Person Account hierarchy to link duplicate client records.
B. Leverage Financial Services Cloud Relationship Groups to link duplicate client records and create a consolidated view.
C. Link individuals using related contacts to link duplicate client records
D. Create custom components to provide a single view of the client.
E. Implement deduplication rules in Salesforce and let the integration handle the updates to the source system.

Question 3

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

A. Life Events
B. Assets and Liabilities
C. Contacts
D. Claims
E. Financial Accounts

Question 4

Financial Services Cloud (FSC) contains a number of custom objects to model a client's financial information, and each object can be configured to appear as tabs in your org. For example, if a consultant wanted to create a financial goal for a customer, they could use the Financial Goal object in FSC.
What are three objects in FSC?

A. Revenue
B. Financial Goal
C. Financial Holding
D. Inheritance
E. Billing

Question 5

A financial services company would like its users to be able to relate two business accounts. Whatshould the administrator configure to meet the requirement?

A. Create a new Contact Reciprocal Role for the required value.
B. Update the Role picklist on the Account-Account Relationship object with new value.
C. Update the Role picklist on the Account-(?ontact Relationship object with new value.
D. Create a new Account Reciprocal Role for the required value.

Solutions: