Latest Financial-Services-Cloud Pass Guaranteed Exam Dumps Certification Sample Questions
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Salesforce Financial-Services-Cloud (FSC) Accredited Professional Exam is designed for professionals who want to demonstrate their expertise in using Salesforce's Financial Services Cloud. Salesforce Financial Services Cloud (FSC) Accredited Professional certification is ideal for professionals who want to work in the financial services industry and want to demonstrate their knowledge of Salesforce's specialized tools and features in this domain.
Salesforce Financial Services Cloud (FSC) Accredited Professional certification exam is a highly sought-after designation for professionals in the financial services industry. Salesforce Financial Services Cloud (FSC) Accredited Professional certification is designed to validate the skills and knowledge required to implement and use the Salesforce Financial Services Cloud platform effectively. Salesforce Financial Services Cloud (FSC) Accredited Professional certification exam is challenging and requires extensive preparation, but the benefits of earning this designation are well worth the effort.
NEW QUESTION # 98
For which three objects are Rollup By Lookup (RBL) summaries are available?
- A. Life Events
- B. Assets and Liabilities
- C. Financial Accounts
- D. Contacts
- E. Claims
Answer: B,C,D
Explanation:
Rollup By Lookup (RBL) summaries are available for the following objects:
Financial Accounts, which are records that represent financial products or services that a client owns or uses1.
Assets and Liabilities, which are records that represent the value of what a client owns or owes1.
Contacts, which are records that represent individuals who are associated with an account3.
NEW QUESTION # 99
An insurance company wants to create a car insurance quote process for its website. The process should include the following functionality:
* The user has to enter contact and address information.
* The user has to enter the driver's age and the car model and year.
* The process should calculate an insurance quote based on the data the customer provided and save the offer to the client's record.
Which three OmniStudio tools should the consultant use to design a solution that meets these requirements?
- A. Business Rules Engine
- B. Integration Procedures
- C. FlexCards
- D. APEX Code
- E. OmniScripts
Answer: A,B,E
Explanation:
The following OmniStudio tools should be used to design a solution that meets the requirements for creating a car insurance quote process for the website:
OmniScripts, which are tools that allow users to create guided, interactive, and intuitive scripts that capture data and execute actions. By using OmniScripts, the consultant can create a script that guides the user through the car insurance quote process and captures the contact and address information, the driver's age, and the car model and year.
Integration Procedures, which are tools that allow users to orchestrate data and actions across multiple systems using RESTful APIs. By using Integration Procedures, the consultant can create a procedure that calls the core system service to calculate an insurance quote based on the data provided by the user and returns the quote to the OmniScript.
Business Rules Engine, which is a tool that allows users to define business logic and validation rules using natural language expressions. By using Business Rules Engine, the consultant can create rules that validate the data entered by the user and enforce any business policies or conditions for the car insurance quote process.
NEW QUESTION # 100
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. Page Layout
- E. Compact Layout
Answer: C
NEW QUESTION # 101
Scott Adams calls his Personal Banker Hank Burton to apply for a loan to buy a boat. Hanks wants to refer Scott to the loan department, but the current process is manual and time-consuming. Hank is asking the bank's System Administrator to automate Referral creation in Salesforce. How can the Admin speed up and simplify Referral creation?
- A. Use
- B. Use Global Action lo create Referrals.
- C. Use the Case process and create Cases with Case Type 'Referrar'.
- D. Write a trigger to create Referrals from a 'Create Referral* button.
Answer: B
NEW QUESTION # 102
Which 3 out of the box capabilities come with Financial Services Cloud Lead & Referral Management?
- A. Referral Automated Approvals
- B. Accepting a Referral
- C. Referral Conversion
- D. Round Robin Referral Routing
- E. Assigning a Referral
Answer: B,C,E
NEW QUESTION # 103
Which object would you use to model the relationship between business contact and the client on relationship group?
- A. Contact Contact Relationship and Reciprocal Role
- B. Account Account Relationship
- C. Reciprocal Role
- D. Account Contact Relationship
Answer: B
NEW QUESTION # 104
The SF admin wants to make it easier or call center agents to complete some common tasks by setting up Lightning Flows (3 correct answers)
- A. You can clone LF Templates and then customize according to your needs
- B. To use FSC LF, you'll need the FS Managed Package installed in the org
- C. To run LF, the user needs a LF permission set license
- D. LF are available in multiple languages
Answer: A,B,C
NEW QUESTION # 105
The administrator at universal containers will create a custom field to track a specific Tier 2 support user on a case record.
What data type should be used while creating this custom field?
- A. Lookup relationship
- B. Formula
- C. Hierarchical relationship
- D. Lookup Filter
Answer: A
NEW QUESTION # 106
What item appears in a user's My Unresolved items after synchronization (2 answers)
- A. Contacts not assigned to an account
- B. Emails not associated to a record
- C. Cases not assigned to a contact
- D. Note not associated to a record
Answer: A,C
NEW QUESTION # 107
During the delivery stage of a Financial Services Cloud (FSC) implementation, a consultant needs to think about how to utilize FSC-related objects. Which three things should the consultant consider when adopting such objects?
- A. Both the Financial Deal object and the Opportunity object support Compliant Data Sharing.
- B. In a household, each of the household members is modeled as a Person Account and the household ismodeled as an Account.
- C. In a household, each household member is modeled as a Contact, and the household is modeled as an Account.
- D. Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object.
- E. Role Hierarchy-based sharing can be disabled for the Financial Deal object but can't be disabled for the Opportunity object.
Answer: A,C,E
Explanation:
Reference: Set Up Clients, Households, and Relationships, Compliant Data Sharing in Financial Services Cloud | Salesforce Trailhead, Track Client Interactions - Salesforce Explanation: Some considerations when adopting FSC-related objects are:
In a household, each household member is modeled as a Contact, and the household is modeled as an Account. A household is a type of relationship group that represents a group of clientswho have a direct relationship with one another and shared financials, such as spouses and their dependent children. A household is modeled as an Account record with a custom record type of Household. Each household member is modeled as a Contact record that is related to the household Account. A household can also have related accounts and contacts that are not part of the household, but are associated with it for some reason.
Both the Financial Deal object and the Opportunity object support Compliant DataSharing. Compliant Data Sharing (CDS) is a feature of FSC that allows granular control over access to sensitive data in Account and Opportunity objects. CDS can help financial services companies comply with regulations and policies that restrict data visibility based on user roles. CDS can also be enabled for the Financial Deal object, which is a custom object that represents a business opportunity or transaction with a client. The Financial Deal object can be used instead of or in addition to the Opportunity object, depending on the business needs.
Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object. Interaction Summary is a custom object that captures the details of a client interaction, such as a meeting, a call, or an email. Interaction Summary can be linked to other FSC objects, such as Financial Accounts, Financial Goals, Financial Deals, or Relationship Groups. Interaction Summary can also have participants, which are records that represent the people or groups involved in the interaction.
NEW QUESTION # 108
The Salesforce Admin wants to make it easier for call center agents to complete some common tasks by setting up flows and launch them from the Retail Banking Console. What does the Admin have to keep in mind when setting up Flows?
- A. To use Financial Services Cloud Flows, you'll need the Financial Services Managed Package installed m the org and the Financial Services Cloud a permission set assigned to the user.
- B. To use a Flow, a user must have access to the underlying object and its field
- C. Flows can be used to provide step-by-step guidance for address changes, without the need for then agent to navigate to different screens.
- D. To open. edit, or create a Flow in Flow Builder, the user needs the Run Flows permission.
Answer: A,B,C
NEW QUESTION # 109
What is the purpose of the ideas community? (2 answers)
- A. To post customer ideas by logging cases on the Ideas tab of the portal
- B. To provide access to articles that answer questions around an idea theme
- C. To invite customers, partners, and employees to submit ideas
- D. To comment on and vote for ideas posted by other community members
Answer: C,D
NEW QUESTION # 110
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 only create savings oriented goals.
- C. Users can associate a goal with a specific Financial Account.
- D. Users can create goals for paying down debt
Answer: D
NEW QUESTION # 111
A wealth management division manages the financial assets of many wealthy clients.
Which three steps should the Financial Services Cloud consultant take to offer a high level of customization to boost user productivity?
- A. Assign the Custom Field Set to the Financial Summary component.
- B. Assign the Custom Field Set To a Lightning component.
- C. Create and assign the Cuslhm Field Set permission set to all users.
- D. Create a Custom Field Set solely for the Wealth Managers without affecting the Investment Bankers.
- E. Create a new type of person account so trust group details roll down to the beneficiaries level.
Answer: A,B,D
Explanation:
Explanation
The following steps should be taken by the consultant to offer a high level of customization to boost user productivity for the wealth management division:
Create a Custom Field Set solely for the Wealth Managers without affecting the Investment Bankers. A Custom Field Set is a construct in Financial Services Cloud that allows you to define a collection of fields that can be displayed in a Lightning component, such as the Financial Summary or the Financial Account List. You can use Custom Field Sets to customize the fields that are relevant for different user groups or business scenarios, without modifying the underlying data model or page layout. You can create a Custom Field Set by going to Setup > Object Manager > Financial Account > Field Sets and adding or removing fields according to your requirements.
Assign the Custom Field Set to the Financial Summary component. The Financial Summary component is a Lightning component that displays aggregated financial data for a selected record, such as an account, contact, or opportunity. You can use the Financial Summary component to provide a holistic view of your client's financial situation and goals. You can assign a Custom Field Set to the Financial Summary component by using the Lightning App Builder and selecting the Custom Field Set from the Component Properties panel.
Assign the Custom Field Set To a Lightning component. A Lightning component is a reusable unit of user interface that can be added to any Lightning page, such as record pages, app pages, or Home pages.
You can use Lightning components to enhance the functionality and user experience of your pages. You can assign a Custom Field Set to a Lightning component by using the Lightning App Builder and selecting the Custom Field Set from the Component Properties panel. Verified References: : Salesforce Help Article 1 : Salesforce Help Article 2 : Salesforce Help Article 3
NEW QUESTION # 112
Which of these statements is correct?
- A. To assign the Action Plans permission set the user must have a Financial Services Cloud license.
- B. Assigning the Action Plan permission set automatically assigns an Action Plans permission set license to the user.
- C. To give users access to the new action plans feature, you must add the Action Plans permission set to the user.
- D. Lightning is not required to enable Action Plans
Answer: C
NEW QUESTION # 113
Not all life events or business milestones apply to every customer. To create a better customer experience, you can hide the life events or business milestones a customer hasn't achieved or is unlikely to achieve in the future. Which of the following statements are correct?
- A. When you hide a life event or business milestone type, it doesn't appear on the component until you add an event or milestone of that type.
- B. Life Events can not be displayed on the Household level of the Account Record.
- C. The option to hide life event types or business milestone types is not available in the Communities version of the Life Events or Business Milestones component.
- D. It is possible to hide Sensitive Life Event or Business Milestone Types in the Insurance Agent Portal.
Answer: A,D
NEW QUESTION # 114
A banking customer is using Sales Cloud but their Admin is considering whether Financial Services Cloud would be a better solution to meet their business needs.
What is the best way for the Admin to access a Financial Services org with preconfigured data to play around and learn what's in it?
- A. Purchase one license of an FSC production org
- B. Request a Salesforce developer org
- C. Spin up a Trailhead challenge org
- D. Hop on a 30-day Financial Services Cloud trial org
Answer: D
NEW QUESTION # 115
How can you set up Referral creation?
- A. On a Community
- B. As a global action
- C. As a standard action
- D. As a Flow
Answer: A,B,C
NEW QUESTION # 116
Early in the discovery and solution meetings, it was determined that the client would primarily use out-of-the-box Financial Services Cloud (FSC) objects and components with minimal custom objects needed.
In addition, it was decided that records should be private, but the managerial chain would require visibility into all their direct reports' records.
Which three security settings must be set up in Salesforce to meet these requirements?
- A. The Role Hierarchy in setup should be configured to allow for managers to automatically see records of those under them.
- B. Custom permission sets and out-of-the-box FSC permission sets should be configured or updated and assigned to all users for the use of FSC components and field-level security.
- C. Organization-wide sharing defaults should be set to meet sharing requirements for all objects in use.
- D. Only Custom Profiles should be configured and assigned to all users to use FSC components and field-level security. The ^ administrator should configure custom profiles and assign them to all users
- E. Each object sharing should be set up, explicitly sharing each user's record with the manager.
Answer: A,B,C
Explanation:
Explanation
The following security settings must be set up in Salesforce to meet the requirements of using out-of-the-box Financial Services Cloud objects and components with minimal custom objects and private record sharing with managerial visibility:
Organization-wide sharing defaults should be set to meet sharing requirements for all objects in use.
Organization-wide sharing defaults are the baseline level of access that users have to records that they do not own or are not explicitly shared with them. You can use organization-wide sharing defaults to specify the default access level for each object, such as Public Read/Write, Public Read Only, or Private.
You can also use organization-wide sharing defaults to enable or disable features such as grant access using hierarchies, external access, or external org-wide defaults.
The Role Hierarchy in setup should be configured to allow for managers to automatically see records of those under them. The Role Hierarchy is a structure that represents the levels of data visibility and access that users have in an organization based on their role or position. You can use the Role Hierarchy to define the roles and subordinates for each user and grant access to records owned by or shared with users below them in the hierarchy. You can also use the Role Hierarchy to control the visibility of dashboards, reports, and territories.
Custom permission sets and out-of-the-box FSC permission sets should be configured or updated and assigned to all users for the use of FSC components and field-level security. Permission sets are a collection of settings and permissions that give users access to various tools and functions in Salesforce.
You can use permission sets to grant additional permissions or access levels to users without changing their profile. You can also use permission sets to control the field-level security for each object and field, which determines whether users can view, edit, or delete data in those fields. Financial Services Cloud provides several out-of-the-box permission sets that grant access to FSC components and features, such as Action Plans, Financial Accounts, or Relationship Groups. You can also create custom permission sets to meet your specific business needs. Verified References: : Salesforce Help Article 1 :
Salesforce Help Article 2 : Salesforce Help Article 3
NEW QUESTION # 117
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To become a Salesforce FSC Accredited Professional, candidates must pass a 60-question multiple-choice exam, which lasts for 105 minutes. Financial-Services-Cloud exam is administered by Salesforce and can be taken at any of the authorized testing centers or remotely online. Candidates must achieve a passing score of 68% to receive the certification.
Financial-Services-Cloud Sample with Accurate & Updated Questions: https://examcollection.vcetorrent.com/Financial-Services-Cloud-valid-vce-torrent.html