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Question 153 - Certified Sales Cloud Consultant discussion

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Cloud Kicks (CK) plans to implement Advanced Currency Management for its Salesforce implementation. CK has Roll-up Summary fields on the Account and Opportunity.

What should CK consider when enabling Advanced Currency Management in its Salesforce org?

A.
Dated exchange rates are used in Opportunity forecasting or currency fields in other types of reports.
Answers
A.
Dated exchange rates are used in Opportunity forecasting or currency fields in other types of reports.
B.
Opportunity Roll-up Summary fields will update from the Opportunity Line Item object.
Answers
B.
Opportunity Roll-up Summary fields will update from the Opportunity Line Item object.
C.
Account Roll-up Summary fields will update from the Opportunity object.
Answers
C.
Account Roll-up Summary fields will update from the Opportunity object.
D.
Account cross-object formulas always use the dynamic conversion rate for currency conversion.
Answers
D.
Account cross-object formulas always use the dynamic conversion rate for currency conversion.
Suggested answer: C

Explanation:

Account Roll-up Summary fields will update from the Opportunity object is something that Cloud Kicks should consider when enabling Advanced Currency Management in its Salesforce org. A Roll-up Summary field is a field that calculates values from related records, such as count, sum, min, max, etc. Advanced Currency Management is a feature that allows users to enable dated exchange rates and track historical exchange rates in Salesforce. By enabling Advanced Currency Management, Cloud Kicks can use dated exchange rates to convert currency amounts based on specific dates or ranges of dates. When using dated exchange rates, Account Roll-up Summary fields will update from the Opportunity object based on the close date of the opportunities, regardless of whether the opportunities are open or closed.

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asked 23/09/2024
Aaron Ford Jr
46 questions
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