ExamGecko
Ask Question

Salesforce Certified Financial Services Cloud Practice Test - Questions Answers, Page 7

List of questions

Question 61

Report
Export
Collapse

Which three related lists are visible within Actionable Relationship Center associated with the Account object?

Cases
Cases
Notes and Attachments
Notes and Attachments
Client Financial Goals
Client Financial Goals
Financial Holdings
Financial Holdings
Household Financial Accounts
Household Financial Accounts
Suggested answer: C, D, E

Explanation:

The following related lists are visible within Actionable Relationship Center (ARC) associated with the Account object:

Client Financial Goals, which is a related list that displays the financial goals of the account, such as retirement, education, or debt payoff.

Financial Holdings, which is a related list that displays the financial accounts of the account, such as bank accounts, investment accounts, or insurance policies.

Household Financial Accounts, which is a related list that displays the financial accounts of the account's primary group, such as household or business group.

asked 23/09/2024
Karsten Heimers
41 questions

Question 62

Report
Export
Collapse

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?

OmniStudio Action Document Generation
OmniStudio Action Document Generation
Calculation Procedure
Calculation Procedure
DataRaptor
DataRaptor
Integration Procedure
Integration Procedure
Suggested answer: A, C

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.

asked 23/09/2024
Nour Algharbi
42 questions

Question 63

Report
Export
Collapse

A Financial Services Cloud (FSC) administrator is setting up a permission set for Actionable Relationship Center. Which license should the administrator select on the Permission Set setup page?

FSC Standard
FSC Standard
FSC Basic
FSC Basic
OmniStudio
OmniStudio
FSC Extension
FSC Extension
Suggested answer: A

Explanation:

To set up a permission set for Actionable Relationship Center (ARC), the administrator should select FSC Standard as the license on the Permission Set setup page.FSC Standard is a permission set license that enables user access to a license with contractual restrictions for Financial Services Cloud and provides access to core objects and features, including ARC1.By selecting FSC Standard as the license, the administrator can grant users access to ARC and its related objects and fields

asked 23/09/2024
Robert Jebakumar Jayakumar
25 questions

Question 64

Report
Export
Collapse

How should developers configure customized nodes for display in Actionable Relationship Center (ARC)?

Select Use FlexCard from the node Display tab to show the node in a FlexCar
Select Use FlexCard from the node Display tab to show the node in a FlexCar
Reference the Lightning web component in the Display properties of the custom ARC relationship graph.
Reference the Lightning web component in the Display properties of the custom ARC relationship graph.
Select OmniScript from the node Actions tab U^jhow the node in an OmniScript.
Select OmniScript from the node Actions tab U^jhow the node in an OmniScript.
Reference the FlexCard in the Display properties of the custom ARC relationship graph.
Reference the FlexCard in the Display properties of the custom ARC relationship graph.
Suggested answer: D

Explanation:

To configure customized nodes for display in Actionable Relationship Center (ARC), developers should reference the FlexCard in the Display properties of the custom ARC relationship graph. A FlexCard is a tool that allows users to create custom user interfaces for displaying data from Salesforce or external systems using OmniScripts and Integration Procedures. A custom ARC relationship graph is a metadata type that defines the nodes and edges of a custom relationship graph for ARC. By referencing the FlexCard in the Display properties of the custom ARC relationship graph, developers can customize the look and feel of the nodes and display data from various sources on them.

asked 23/09/2024
stephen mark
32 questions

Question 65

Report
Export
Collapse

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?

Use the Opportunity object to capture the deal data and use manual sharing to grant the analyst access.
Use the Opportunity object to capture the deal data and use manual sharing to grant the analyst access.
Use the Financial Deal object to captu^* y^ deal data anc* use Compliant Data Sharing to grant the analyst access.
Use the Financial Deal object to captu^* y^ deal data anc* use Compliant Data Sharing to grant the analyst access.
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.
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.
Use the Opportunity object to capture the deal data and use Compliant Data Sharing to grant the analyst access.
Use the Opportunity object to capture the deal data and use Compliant Data Sharing to grant the analyst access.
Suggested answer: C

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

Reference: : Salesforce Help Article1: Salesforce Help Article2

asked 23/09/2024
Nichal Maharaj
46 questions

Question 66

Report
Export
Collapse

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?

Assign the record type to users.
Assign the record type to users.
Create a new record type Referral' on the Lead object.
Create a new record type Referral' on the Lead object.
Create a new referral record type mapper record.
Create a new referral record type mapper record.
Create a custom Referral object.
Create a custom Referral object.
Update the lead page layout.
Update the lead page layout.
Suggested answer: A, B, E

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

Reference: : Salesforce Help Article3: Salesforce Help Article [4] : Salesforce Help Article [5]

asked 23/09/2024
Reatlehile Motaung
25 questions

Question 67

Report
Export
Collapse

Personal Banker Hank Burton is questioning his Referral Score shown in Salesforce Financial Services Cloud. When is the Referral Score updated?

The Referral Score updated when a referral is convened to an Opportunity or closed.
The Referral Score updated when a referral is convened to an Opportunity or closed.
The Referral Score updated when a lead is created using the referral record type.
The Referral Score updated when a lead is created using the referral record type.
The Referral Score updated when a referral is assigned from the queue to a user.
The Referral Score updated when a referral is assigned from the queue to a user.
The Referral Score updated when an opportunity associated with the Referral is Closed Won
The Referral Score updated when an opportunity associated with the Referral is Closed Won
Suggested answer: D

Explanation:

The Referral Score is updated when an opportunity associated with the Referral is Closed Won. The Referral Score is a metric that measures the quality and quantity of referrals that a user creates or receives. The Referral Score is calculated as the number of referrals converted to opportunities divided by the total number of referrals. The Referral Score is displayed in the Referral Summary component on the user's Home page or record page. The Referral Score is updated whenever a referral is converted to an opportunity or an opportunity is closed as won or lost. Verified

Reference: : Salesforce Help Article2: Salesforce Help Article4

asked 23/09/2024
Slavomir Ugrevic
36 questions

Question 68

Report
Export
Collapse

Which 3 out of the box capabilities come with Financial Services Cloud Lead & Referral Management?

Referral Conversion
Referral Conversion
Assigning a Referral
Assigning a Referral
Round Robin Referral Routing
Round Robin Referral Routing
Accepting a Referral
Accepting a Referral
Referral Automated Approvals
Referral Automated Approvals
Suggested answer: A, B, D

Explanation:

The following out of the box capabilities come with Financial Services Cloud Lead & Referral Management:

Referral Conversion: This capability allows you to convert a referral to an opportunity, a contact, or an account. You can use this capability to track the progress and outcome of a referral and measure its impact on your business.

Assigning a Referral: This capability allows you to assign a referral to another user, queue, or line of business. You can use this capability to route a referral to the appropriate person or team who can best meet the customer's need or interest.

Accepting a Referral: This capability allows you to accept a referral that is assigned to you or your queue. You can use this capability to acknowledge that you have received a referral and are ready to work on it. Verified

Reference: : Salesforce Help Article1: Salesforce Help Article3: Salesforce Help Article5

asked 23/09/2024
Igor Vasiliev
44 questions

Question 69

Report
Export
Collapse

If a client is associated with more than one Household or Group, where will this clients records get rolled up to?

to the household with the client's primary address
to the household with the client's primary address
to all the parent households and groups
to all the parent households and groups
to the household selected by the advisor for record rollups.
to the household selected by the advisor for record rollups.
to the Household where the client is the primary member
to the Household where the client is the primary member
Suggested answer: C

Explanation:

If a client is associated with more than one Household or Group, their records will get rolled up to the household selected by the advisor for record rollups. A Household or Group is a construct in Financial Services Cloud that allows you to group related accounts together and view their aggregated financial data and activities. A client can belong to multiple Households or Groups, but only one of them can be selected as their primary Group for record rollups. The primary Group determines which Household or Group will display the client's records in its summary components or related lists. The advisor can select or change the primary Group for a client using the Primary Group field on the client's record page. Verified

Reference: : Salesforce Help Article6

asked 23/09/2024
Julio Callegaro
38 questions

Question 70

Report
Export
Collapse

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?

Ensure the Primary Group flag in the Account record is checked.
Ensure the Primary Group flag in the Account record is checked.
Ensure RollUpByLookup Configuration is Active
Ensure RollUpByLookup Configuration is Active
Ensure a RollUpByLookup batch job is scheduled to run every 15 mins.
Ensure a RollUpByLookup batch job is scheduled to run every 15 mins.
Ensure that the member is the Primary Member in that Household
Ensure that the member is the Primary Member in that Household
Ensure the reported Household is the Primary Group for the member
Ensure the reported Household is the Primary Group for the member
Suggested answer: B, E

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

Reference:12

asked 23/09/2024
Anton Khodyakov
46 questions
Total 170 questions
Go to page: of 17
Search

Related questions