Pass Your Accredited Professional Financial-Services-Cloud Exam Easily with Accurate PDF Questions [Apr 12, 2024]
Financial-Services-Cloud Certification Exam Dumps Questions in here
To pass the Salesforce FSC Accredited Professional Certification Exam, candidates must demonstrate a thorough understanding of the Salesforce FSC platform, including its features and functionality. They must also show the ability to use the platform to manage clients' accounts, track investments, and provide financial advice. Financial-Services-Cloud exam is challenging and requires candidates to have extensive knowledge of the financial services industry, as well as a solid understanding of Salesforce. However, passing the exam can be a great way for financial services professionals to demonstrate their expertise and gain credibility in the industry.
By earning the Salesforce FSC Accredited Professional Certification, professionals can demonstrate their mastery of the FSC platform and their ability to provide effective solutions to clients in the financial services industry. Salesforce Financial Services Cloud (FSC) Accredited Professional certification can also help professionals to differentiate themselves in a competitive job market and advance their careers. Additionally, having a Salesforce FSC Accredited Professional on staff can help financial services organizations to improve their customer relationships, streamline their operations, and increase their revenue.
To become a Salesforce Financial Services Cloud Accredited Professional, candidates must have a strong understanding of the financial services industry, as well as experience working with Salesforce's FSC platform. Financial-Services-Cloud exam consists of 60 multiple-choice questions that must be completed within 90 minutes. To pass the exam, candidates must score a minimum of 68%, which demonstrates their ability to effectively implement FSC solutions for their clients.
NEW QUESTION # 89
A corporate investment banking associate at Cumulus Capital works with a trusted analyst to create pitch books, analyze market data, and generate reports. The banking associate is looking to capture sensitive deal information in Salesforce. They wish to share the deal information with the trusted analyst only, without giving access to Salesforce users up the management chain in the Role Hierarchy.
What should a consultant do in Salesforce to build the required sharing model for sensitive deal data?
- A. Use the Financial Deal object to capture the deal data and use restriction rules to block user access above the banking associate in the Role Hierarchy.
- B. Use the Opportunity object to capture the deal data and use Compliant Data Sharing to grant the analyst access.
- C. Use the Opportunity object to capture the deal data and use manual sharing to grant the analyst access.
- D. Use the Financial Deal object to captu^* y^ deal data anc* use Compliant Data Sharing to grant the analyst access.
Answer: A
Explanation:
Explanation
To build the required sharing model for sensitive deal data, the consultant should use the Financial Deal object to capture the deal data and use restriction rules to block user access above the banking associate in the Role Hierarchy. The Financial Deal object is a custom object in Financial Services Cloud that allows you to track and manage complex deals that involve multiple parties, products, and stages. You can use the Financial Deal object to store sensitive deal information, such as deal name, amount, status, or participants. You can also use restriction rules to limit the visibility of Financial Deal records based on criteria such as role, profile, or ownership. Restriction rules can override the organization-wide default sharing settings and block user access to records that they would otherwise be able to see through the Role Hierarchy or other sharing mechanisms.
Verified References: : Salesforce Help Article 1 : Salesforce Help Article 2
NEW QUESTION # 90
A System Administrator has received a note from one of the portfolio managers that the Actionable Relationship Center (ARC) is not visible when the portfolio manager was trying to set up relationships between two accounts. The portfolio manager has also mentioned that other colleagues in the same role have access to it and are able to use it to manage their customer's relationships. What is a possible cause for this?
- A. The portfolio manager does not have access to the account records that he is trying to create for.
- B. The portfolio manager has not been given the permissions that enable users to view and manage ARC
- C. The ARC Component has not been added to the page layout
- D. The portfolio manager does not have access to the Lightning page that has the ARC component added
Answer: B
Explanation:
Explanation
A possible cause for why the portfolio manager cannot see ARC when trying to set up relationships between two accounts is that he has not been given the permissions that enable users to view and manage ARC. To access ARC, users need to have certain permissions and settings enabled in their user profile or permission set, such as:
View Setup and Configuration
Customize Application
Manage Custom Permissions
Financial Services Cloud Standard User
Financial Services Cloud Admin If any of these permissions or settings are missing, users may not be able to see or use ARC properly. Verified References: : Salesforce Help Article 5
NEW QUESTION # 91
Lake Tahoe Bank branch manager Sue Berry wants to encourage all Personal Bankers to use Action Plans to capture repeatable tasks and automate the task sequences, improving collaboration and productivity. Which three of the following statements about Action Plans are true?
- A. Action Plans require a monthly license fee per user
- B. When you work with Action Plans, you first create Action Plan Templates.
- C. Action Plans can be used to schedule appointments with the Bankers.
- D. Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance.
- E. Action Plans can be used to automatically assign task owners and deadlines for specific client engagements.
Answer: C
NEW QUESTION # 92
A financial services company needs to capture a new type of referral that has different required fields than what is currently configured in the org.
Which three steps should the administrator take to configure Financial Services Cloud correctly based on the scenario?
- A. Update the lead page layout.
- B. Assign the record type to users.
- C. Create a new record type Referral' on the Lead object.
- D. Create a custom Referral object.
- E. Create a new referral record type mapper record.
Answer: A,B,C
Explanation:
Explanation
The following steps should be taken by the administrator to configure Financial Services Cloud correctly based on the scenario:
Assign the record type to users. You need to assign the new record type to the user profiles or permission sets that need to create or access referrals of that type. You can assign record types by going to Setup > Profiles > Object Settings > Leads > Record Types or Setup > Permission Sets > Object Settings > Leads > Record Types.
Create a new record type Referral' on the Lead object. You need to create a new record type on the Lead object and name it Referral. You can use this record type to distinguish referrals from other types of leads and apply different page layouts, business processes, or validation rules for referrals.
Update the lead page layout. You need to update the page layout for the Referral record type and add or remove fields according to the requirements. You can also make some fields required or read-only on the page layout level. You can edit page layouts by going to Setup > Object Manager > Lead > Page Layouts. Verified References: : Salesforce Help Article 3 : Salesforce Help Article [4] : Salesforce Help Article [5]
NEW QUESTION # 93
Lake Tahoe Bank wants their customer reps to be able to see client records such as Person Accounts, but what actions should an Admin take to ensure that all users see Person Accounts, but only specific users can view Financial Accounts (2 correct answers)
- A. Change OWD sharing on the "Financial Accounts" object to "Private"
- B. Grant users access to Financial Account object with profile settings or permission set.
- C. Change OWD sharing on the "Financial Accounts" object to "Public Read/Write"
- D. Financial Account visibility inherits the related Person Account visibility settings
- E. Change OWD sharing on the "Financial Accounts" object to "Controlled by Parent"
Answer: A,B
NEW QUESTION # 94
Our Personal Banker Hank Burton is learning to use Action Plans to ensure compliance in the client onboarding process. Where can Hank see Action Plan Tasks? (2 options)
- A. Hank will be able to see the Action Plan Tasks assigned to him on the standard Salesforce task list.
- B. Hank will be able to see the Action Plan Tasks assigned to him on his calendar.
- C. Hank will be able to see the Action Plan tasks on the related list of the Account page layout.
- D. Once the Action Plan is assigned, Hank can see the related Tasks on the Timeline.
Answer: A,C
Explanation:
Hank can see Action Plan Tasks in two places:
On the related list of the Account page layout, where he can view all the tasks associated with an account and their status, due date, owner, and priority4.
On the standard Salesforce task list, where he can view all the tasks assigned to him across different accounts and filter them by various criteria.
NEW QUESTION # 95
A private equity company with only one administrator wants to upgrade Financial Services Cloud (FSC) from a Sales Cloud Unlimited Edition (UE) org. The company decided to install FSC greenfield on a new org to minimize the transfer of existing tech debt. In preparation for data migration, the administrator has been exporting backup files of the current org for a month.
What should the administrator do as part of the preparation for the data migration process?
- A. To start, the administrator can run a daily backup data export for a week, then continue to run this job weekly until they are ready for data migration.
- B. After running the backup data export manually for 2 weeks, the administrator can schedule this job to run weekly every Sunday to review the file on Mondays at the start of the week for data comparisons/analysis.
- C. As a dry run, the administrator can test this process via a data export request from the primary sandbox to the existing Sales Cloud UE org.
- D. The administrator can ask the business manager on the investment bank team to review the file directly.
Answer: A
Explanation:
Explanation
As part of the preparation for the data migration process, the administrator should run a daily backup data export for a week, then continue to run this job weekly until they are ready for data migration. This is a best practice for data migration in Salesforce that allows the administrator to identify the data they want to migrate, create templates for the data, prepare the destination org, and validate the data2. By running a daily backup data export for a week, the administrator can capture any changes or updates in the data and compare them with previous exports. By continuing to run this job weekly until they are ready for data migration, the administrator can ensure that they have the most recent and accurate data to migrate into Financial Services Cloud. Verified References: 2
NEW QUESTION # 96
What capabilities included in the FSC license can assist bankers in focusing on the most promising referrals?
- A. Einstein Referral Scoring for FSC
- B. Referral Approval Processes
- C. Referral Routing Rules
- D. Intelligent Need-Based Referrals and Scoring
Answer: D
NEW QUESTION # 97
The Salesforce Admin at Lake Tahoe Wealth Management Company wants to ensure that the advisors at his firm can quickly see the most important client data in the Actionable Relationship Center (ARC). What must the Admin configure for each object to display the most important fields on the side panel of ARC?
- A. Search Layout
- B. Field Sets
- C. Lightning Record Pages
- D. Compact Layout
- E. Page Layout
Answer: D
Explanation:
To display the most important fields on the side panel of ARC, the Admin must configure the Compact Layout for each object. The Compact Layout is a layout that determines which fields appear in key places in Salesforce such as record highlights areas, list views, lookup dialogs, and global search results. The Admin can use the Compact Layout to select up to 10 fields that are most relevant for each object and display them on the side panel of ARC
NEW QUESTION # 98
What step is required to give users access to the Financial Services Cloud Commercial Banking features?
- A. Install the Commercial Banking Managed Package
- B. Update the user profiles to give users access to Financial Services Cloud objects
- C. Update Industries Settings to give users access to the Commercial Banking Console Lightning app.
- D. Assign permission sets to give users access to the Commercial Banking Console Lightning app.
Answer: D
Explanation:
Explanation
To give users access to the Financial Services Cloud Commercial Banking features, such as Commercial Banking Console Lightning app, Referrals List component, and Treasury Services object, the Admin needs to assign permission sets to the users. Permission sets are collections of settings and permissions that give users access to various tools and functions4. The Admin can use the following permission sets to enable Commercial Banking features for the users4:
FSC Commercial Banking Console User: This permission set gives users access to the Commercial Banking Console Lightning app, which is a custom app that provides a unified view of commercial banking clients and their financial needs4.
FSC Commercial Banking Referrals User: This permission set gives users access to the Referrals List component, which is a Lightning component that displays a list of referrals related to a business account4.
FSC Commercial Banking Treasury Services User: This permission set gives users access to the Treasury Services object, which is a custom object that represents a treasury service product or offering that a commercial banking client uses or is interested in4. Verified References: 4
NEW QUESTION # 99
When importing data, what happens if some records do NOT met the data validation criteria?
- A. Import process aborts when it encounters the first invalid record
- B. Import process requires user authorization to import the invalid records
- C. Import process ignores the data validation criteria
- D. Import process fails only for the records with invalid data.
Answer: D
NEW QUESTION # 100
A user is having trouble logging into Salesforce. The users login history shows that this person has attempted to log in multiple times and has been locked out of the organization.
How can the system administrator help the user log into Salesforce? (2 answers)
- A. Click reset password on the users record detail page.
- B. Log in as the user and enter a new password
- C. Click unlock on the users record detail page
- D. Send an email to the user containing the user's password
Answer: A,C
NEW QUESTION # 101
Lake Tahoe Bank branch manager Sue Barry wants to encourage all Personal Bankers to use Action Plans to capture repeatable tasks and automate the task sequences, improving collaboration and productivity. Which three of the following statements about Action Plans are true?
- A. Action Plans require a monthly license fee per user
- B. Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance
- C. Action Plans can be used to schedule appointments with the Bankers
- D. When you work with Action Plans, you first create Action Plan Templates
- E. Action Plans can be used to automatically assign task owners and deadlines for specific client engagements
Answer: B,D,E
Explanation:
The following statements about Action Plans are true:
When you work with Action Plans, you first create Action Plan Templates, which are reusable sets of tasks that define a common client process1.
Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance. Users can use standard report types or custom report types to create reports on action plans, action plan templates, action plan items, action plan item templates, and action plan item owners1.
Action Plans can be used to automatically assign task owners and deadlines for specific client engagements. Users can specify task owners by using assignment logic such as specific user, role, queue, action plan creator, or account team1. Verified Reference: 1
NEW QUESTION # 102
How can the Salesforce Admin change the configuration to summarize Financial Goals at the household level?
- A. Create a formula field and add it to the Account page layout
- B. Add a custom Rollup By Lookup (RBL) rule.
- C. Financial Goals can not be summarized at the household level.
- D. Update the selection in "Activities & Objects to Roll Up' to indude Financial Goals
Answer: D
NEW QUESTION # 103
A financial services company wants to use the Financial Services Cloud Person Account data model. The company needs two Person Account record types, one to represent Individual customer and one to represent Individual independent advisors that send referrals.
What should the administrator do to set up the new record types?
- A. Create custom fields on the Person Account object.
- B. Enable "Use Person Account" custom setting.
- C. Configure Individual Record Type Mapper" custom metadata.
- D. Create a record type on the Contact object.
Answer: C
Explanation:
Explanation
To set up the new record types for Person Accounts, the administrator should configure Individual Record Type Mapper custom metadata. The Individual Record Type Mapper is a custom metadata type in Financial Services Cloud that defines how records are created when using certain features, such as Einstein Data Capture or Salesforce Inbox. The Individual Record Type Mapper maps Person Account record types to Individual record types, so that when a new Individual record is created from an email or calendar event, it automatically creates a corresponding Person Account record with the same record type. To configure Individual Record Type Mapper custom metadata, you need to go to Setup > Custom Metadata Types > Individual Record Type Mapper > Manage Records and create a new record for each Person Account record type and its matching Individual record type. Verified References: : Salesforce Help Article [8] : Salesforce Help Article [9]
NEW QUESTION # 104
An investment bank is implementing Financial Services Cloud (FSC) to manage the deal pipeline. Each opportunity has confidential information that the deal team members must only view. In addition, each member needs the ability to take and share notes directly within Salesforce with others on the team.
Which three FSC features should be part of the solution design?
- A. Profiles
- B. Interaction Summaries
- C. Sharing Rules
- D. Complianthata Sharing
- E. Financial Deal Management
Answer: B,C,E
Explanation:
The following FSC features should be part of the solution design for managing confidential deal information and notes sharing among deal team members:
Financial Deal Management: Financial Deal Management is a feature in Financial Services Cloud that allows you to track and manage complex deals that involve multiple parties, products, and stages. You can use Financial Deal Management to store confidential deal information such as deal name, amount, status, or participants. You can also use Financial Deal Management to associate opportunities, products, or tasks with a deal.
NEW QUESTION # 105
A consultant is working with a new customer and has gained a firm understanding of their business processes and systems in preparation for implementing Salesforce Financial Services Cloud.
What should the consultant create as a deliverable for the current state business process?
- A. An Excel spreadsheet with steps of the process as rows, and systems and personas in columns
- B. Word document telling the story of the process from the user's perspective
- C. An end-to-end visualjmap of the process using personas, systems, inputs, and outcomes
- D. A Powerpoint deck wftJscreenshots of the current systems and callouts to what is happening on each slide
Answer: C
Explanation:
Explanation
To document the current state business process for implementing Salesforce Financial Services Cloud, the consultant should create an end-to-end visual map of the process using personas, systems, inputs, and outcomes. A visual map is a tool that can help illustrate the flow of a business process from start to finish, showing the steps, decisions, and dependencies involved in each stage. A visual map can also include personas, systems, inputs, and outcomes to provide more context and detail for each step of the process.
Personas are fictional characters that represent the different roles or users that participate in or interact with the process. Systems are the tools or applications that are used to perform or support the process. Inputs are the data or information that are required or provided for each step of the process. Outcomes are the results or outputs that are achieved or delivered by each step of the process. Verified References: : Salesforce Help Article 3 : Salesforce Help Article [4]
NEW QUESTION # 106
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Updated Financial-Services-Cloud Exam Practice Test Questions: https://testinsides.actualpdf.com/Financial-Services-Cloud-real-questions.html
