(May-2024) Latest Financial-Services-Cloud Dumps for Success in Actual Salesforce Certified
Changing the Concept of Financial-Services-Cloud Exam Preparation 2024
NEW QUESTION # 67
How can a system administrator restrict users from viewing certain fields in list views, searches, page layouts and reports?
- A. Remove the field from reports and list views
- B. Set the field to hidden using field-level security
- C. Remove the field from page layouts
- D. Set the field to hidden on the user role
Answer: B
NEW QUESTION # 68
Lake Tahoe Bank's financial advisors are complaining that they can't see an accurate summary of their clients financial data as clients often change households. How can an Admin set up Financial Services Cloud to provide financial advisors with an accurate summary of their client's financial data?
- A. Set clients financial data to be rolled up using Financial Services Cloud Primary Group.
- B. Create a roll-up field on the Opportunity object to track client's Financial Account balance and display the summary amount on the Person Account object.
- C. Create a custom obiect to track client's financial data
- D. Use Process Builder to create a workflow to summarize data at the Person Account level.
Answer: A
NEW QUESTION # 69
How should developers configure customized nodes for display in ARC?
- A. Reference the Lightning WebComponent in the Display properties of the custom ARC relationship graph
- B. Select Use LWC from the node Display tab to show the node in a Lightning Web Component
- C. Reference the FlexCard in the Display properties of the custom ARC relationship graph
- D. Select Use FlexCard from the node Display tab to show the node in a FlexCard
Answer: A
Explanation:
Explanation
To configure customized nodes for display in ARC, developers should reference the Lightning Web Component in the Display properties of the custom ARC relationship graph. A Lightning Web Component is a custom framework for creating reusable web components that run natively in browsers and leverage modern web standards. A custom ARC relationship graph is a metadata type in Financial Services Cloud that defines how account-account relationships are displayed in ARC, such as node shape, color, size, label, or icon. You can use Lightning Web Components and custom ARC relationship graphs to create customized nodes for ARC that show additional information or functionality for each account. Verified References: : Salesforce Help Article [9] : Salesforce Help Article [10]
NEW QUESTION # 70
Lake Tahoe Bank, an existing Salesforce customer, is planning to implement FSC. Their Salesforce Admin is considering whether to use a new Salesforce org for the FSC users, or upgrade the existing org. Which considerations indicate that upgrading the existing Salesforce org is the better choice?
- A. The bank has limited redesign opportunities for business capabilities.
- B. Data migration is a big concern. The current org has a large amount of data and the bank wants to minimize data migration efforts.
- C. The current implementation is using a product-centric view and the bank wants to move to a customer-centric view.
- D. The bank wants to use this project as an opportunity to retire customizations.
- E. The bank is currently using several ISV solutions and re-implementing them would be a big effort.
Answer: A,B,E
NEW QUESTION # 71
A marketing user has received a file of leads to import. What tool can be used to avoid duplicate leads?
- A. Import Wizard
- B. Data Loader
- C. Merge Leads function
- D. Validation Rules
Answer: A
NEW QUESTION # 72
A major Japanese bank is expanding geographically and opening additional branches in Asi a. As such, they hired a regional consulting firm to implement Financial Services Cloud (FSC) locally.
What are the two expectations from implementing multi language features in FSC?
- A. Bankers in Japan have been accessing FSC in Japanese, but the new bankers in China will be accessing FSC in Chinese.
- B. In Tokyo branches, the names of the Account, Prospect & Contact are in Japanese, but the package Advisor, Personal Banker, D Relationship Manager, and Client Associate profiles are in English.
- C. In Seoul, South Korea, the branch managers will be reviewing their FSC dashboards every morning in Korean, while their colleagues in " Shanghai, China, will be doing so in Chinese.
- D. Referrals in Singapore and Hong Kong will be shared in English, but in Macau, referrals will be shared in Portuguese.
Answer: A,C
Explanation:
The following expectations are from implementing multi language features in FSC:
Bankers in Japan have been accessing FSC in Japanese, but the new bankers in China will be accessing FSC in Chinese. This expectation means that FSC supports multiple languages and allows users to choose their preferred language for their user interface and data display.
In Seoul, South Korea, the branch managers will be reviewing their FSC dashboards every morning in Korean, while their colleagues in Shanghai, China, will be doing so in Chinese. This expectation means that FSC supports multiple languages for reports and dashboards and allows users to view them in their preferred language.
NEW QUESTION # 73
What standard object has a one-to-many relationship with the account object? (3 answers)
- A. Opportunity
- B. Contact
- C. Campaign
- D. Case
- E. Lead
Answer: A,B,D
NEW QUESTION # 74
Which of these statements is true for the Person Accounts Model? (2 correct answers)
- A. The Person Account record type can be used when a client is a business or an institution.
- B. The Person Account represents all aspects of the person. Data includes personhood details, such as birth date or tax ID number, and dealings with your organization, such as review frequency or service tier
- C. Person Accounts can not be related to cases, tasks, or calls.
- D. The Person Account model uses the standard Account object to hold all of the details about a person. The Account object has been extended with custom fields, record types, and more.
Answer: B,D
NEW QUESTION # 75
How can the Salesforce Admin change the configuration to summarize Financial Goals at the household level?
- A. Add a custom Rollup By Lookup (RBL) rule.
- B. Create a formula field and add it to the Account page layout
- C. Update the selection in "Activities & Objects to Roll Up' to indude Financial Goals
- D. Financial Goals can not be summarized at the household level.
Answer: C
Explanation:
Explanation
To change the configuration to summarize Financial Goals at the household level, you need to update the selection in "Activities & Objects to Roll Up" to include Financial Goals. This option is available in Setup > Financial Services Settings > Activities & Objects to Roll Up. By selecting Financial Goals, you enable Group-Level Rollups for Financial Goals, which display the total number of goals, completed goals, and completion percentage of all the goals that belong to a group. Verified References: : Salesforce Financial Services Cloud Implementation Guide, page 81.
NEW QUESTION # 76
A financial services company needs a custom field for reporting when relating two-person accounts to each other. Which object should the Financial Services Cloud consultant configure the custom field on?
- A. Contact-Contact Relationship
- B. Account Account Relationship
- C. Account Contact Relationship
- D. Person Account
Answer: B
Explanation:
To configure a custom field for reporting when relating two-person accounts to each other, the Financial Services Cloud consultant should configure the custom field on the Account Account Relationship object. The Account Account Relationship object is a junction object that links two accounts together and defines their relationship type and role. By configuring a custom field on the Account Account Relationship object, the consultant can capture additional information about how two-person accounts are related to each other and use it for reporting purposes.
NEW QUESTION # 77
When creating a Custom Summary Formula in a Report, what are the four valid Summary Types which you can select? (4 answers)
- A. Average
- B. Total
- C. Sum
- D. Previous
- E. Max
- F. Min
Answer: A,C,E,F
NEW QUESTION # 78
When can a validation rule be used to prevent invalid data? (3 answers)
- A. When records are deleted by a user
- B. When records are edited by a user
- C. When records are imported
- D. When records are submitted using web-to-lead
- E. When records are updated by a workflow rule
Answer: B,C,D
NEW QUESTION # 79
When importing records from a system outside of Salesforce, which ID should be used to prevent the data import from creating duplicates?
- A. Org ID
- B. User ID
- C. Data Load ID
- D. External ID
Answer: D
Explanation:
Explanation
To prevent the data import from creating duplicates when importing records from a system outside of Salesforce, you should use External ID. External ID is a custom field type that can be used to store unique identifiers from other systems. You can use External ID to match records during data import and avoid creating duplicate records in Salesforce. You can also use External ID to enable upsert operations, which can insert new records or update existing records based on the External ID value. Verified References: : Salesforce Help Article [5] : Salesforce Help Article [6]
NEW QUESTION # 80
Universal Containers uses a custom field on the account object to capture the account credit status. The sales team wants to display the account credit status on opportunities.
Which feature should a system administrator use to meet the requirements?
- A. Look-up Field
- B. Workflow field update
- C. Roll-up summary field
- D. Cross-object formula field
Answer: D
NEW QUESTION # 81
A client has called their Financial Advisor to open an Education Savings Account for their first child. What 2 steps should the Financial Advisor take in the Financial Services Cloud App to capture that information?
- A. Create a Referral for the Banker for an Education Savings Account
- B. Create a case and include the target Savings amount for the Education Savings Account and relate the case to the child's Person Account.
- C. Create two Life Events, one for the birth of the child and one for the Education Savings Account.
- D. Create a Life Event for the birth of the child and a Financial Goal for the Education Savings Account
- E. Create a Life Event for the birth of the child and a Referral for the Education Savings Account
Answer: B,C
NEW QUESTION # 82
Our Personal Banker Hank Burton wants to encourage his customers to provide required documents for a loan application. He creates Document Checklist Items that help his customers to manage file uploads to speed up loan approval. For which of the following records does Salesforce support Document Checklist Items out of the box? (Choose Three)
- A. Opportunity
- B. Contact
- C. Residential Loan Application
- D. Lead
- E. Account
Answer: A,C,E
Explanation:
Explanation
The following records support Document Checklist Items out of the box in Financial Services Cloud:
Account: An Account is a record that represents a person or an organization that has a business relationship with your company. You can use Document Checklist Items to request and track documents from your account holders, such as identity proofs, tax forms, or contracts.
Residential Loan Application: A Residential Loan Application is a record that represents a request for a loan to purchase or refinance a residential property. You can use Document Checklist Items to request and track documents from your loan applicants, such as income statements, credit reports, or property appraisals.
Opportunity: An Opportunity is a record that represents a potential sale or deal for your products or services. You can use Document Checklist Items to request and track documents from your opportunity owners, such as proposals, quotes, or agreements. Verified References: : Salesforce Help Article 2 :
Salesforce Help Article 3 : Salesforce Help Article 4
NEW QUESTION # 83
The Salesforce Administrator for Lake Tahoe Bank is receiving a report that a members Financial Account Balances are not adding up to the Financial Summary field in the related Household. Which two steps should the admin take to troubleshoot the issue?
- A. Ensure RollUpByLookup Configuration is Active
- B. Ensure the Primary Group flag in the Account record is checked.
- C. Ensure a RollUpByLookup batch job is scheduled to run every 15 mins.
- D. Ensure that the member is the Primary Member in that Household
- E. Ensure the reported Household is the Primary Group for the member
Answer: A,E
Explanation:
Explanation
To troubleshoot the issue of Financial Account Balances not adding up to the Financial Summary field in the related Household, the Admin should take the following steps:
Ensure RollUpByLookup Configuration is Active, which is a custom setting that enables or disables the Rollup By Lookup (RBL) feature. RBL is a feature that allows users to aggregate data from financial accounts and display it at the client and group levels1.
Ensure the reported Household is the Primary Group for the member, which is a field on the Account object that indicates whether an account is the primary group for a contact or an individual. The primary group determines which financial summary fields are displayed on the contact or individual page2.
Verified References: 12
NEW QUESTION # 84
A Bank of the Future customer calls the bank to update the address on their account. The call center agent handling the call needs to enter a new address into the system. The agent enters the new contact information using an OmniScript and then needs to generate a prefilled PDF with the new address that can be shared with the customer.
Which two OmniStudio tools should a consultant recommend to generate the prefilled PDF?
- A. OmniStudio Action Document Generation
- B. DataRaptor
- C. Integration Procedure
- D. Calculation Procedure
Answer: A,B
Explanation:
Explanation
The following OmniStudio tools should be recommended to generate the prefilled PDF:
OmniStudio Action Document Generation, which is a tool that allows users to create documents from templates and data sources using OmniScripts and Integration Procedures. By using OmniStudio Action Document Generation, the consultant can create a document template with placeholders for the contact and address information and generate a PDF file from it using an OmniScript.
DataRaptor, which is a tool that allows users to extract and transform data from Salesforce or external systems using Integration Procedures. By using DataRaptor, the consultant can create a data source that retrieves the contact and address information from Salesforce and maps it to the document template placeholders.
NEW QUESTION # 85
A financial services company needs a custom field for reporting when relating two-person accounts to each other. Which object should the Financial Services Cloud consultant configure the custom field on?
- A. Contact-Contact Relationship
- B. Account Account Relationship
- C. Account Contact Relationship
- D. Person Account
Answer: B
Explanation:
Explanation
To configure a custom field for reporting when relating two-person accounts to each other, the Financial Services Cloud consultant should configure the custom field on the Account Account Relationship object. The Account Account Relationship object is a junction object that links two accounts together and defines their relationship type and role. By configuring a custom field on the Account Account Relationship object, the consultant can capture additional information about how two-person accounts are related to each other and use it for reporting purposes.
NEW QUESTION # 86
Which of the following statements are correct when creating Financial Goals?
- A. Users require the Financial Goals permission set to works with Financial Goals
- B. Users can associate a goal with a specific Financial Account.
- C. Users can only create savings oriented goals.
- D. Users can create goals for paying down debt
Answer: D
NEW QUESTION # 87
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Salesforce Financial Services Cloud (FSC) Accredited Professional Certification Exam is designed for professionals who want to demonstrate their expertise in the Salesforce FSC platform. The FSC platform is a comprehensive solution for financial advisors, wealth managers, and insurance providers to manage their client relationships, investments, and policies. Salesforce Financial Services Cloud (FSC) Accredited Professional certification exam is intended for those who have experience in financial services and want to expand their knowledge and skills in using Salesforce FSC to better serve their clients.
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