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Salesforce AP-208 Exam Syllabus Topics:

Salesforce Financial Services Cloud Accredited Professional Sample Questions:

1. Lake Tahoe Bank has been using Sales Cloud to support the business to consumer (B2C) activities. The VP of IT wants a better and more flexible data model that can supporthis B2C Banking use cases. He is considering upgrading to Financial Services Cloud, using Person Accounts. Which 2 of these statements are true for the Financial Services Cloud Person Account Data Model?

A) To share a Person Account record the admin will need to create sharing rules Account and Contact objects
B) 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 and a Person Account Record Type
C) The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes D data such date of birth or tax ID number.
D) Person Accounts can be merged with Business Accounts in Financial Services Cloud
E) The Person Account record type can be used when a client is an agent for a broker firm that is doing business with the Financial Institution.

2. The Compliant Data Sharing (CDS) feature lets administrators and compliance managers configure advanced data-sharing rules so that they can improve compliance with regulations and company policies.
Which three things should be considered when implementing CDS in Financial Services Cloud (FSC)?

A) CDS in FSC allows record owners to grant access to their records to other FSC users.
B) To disable CDS for an object, any Participant Roles associated with that object must be deleted first.
C) To get the benefits of CDS, administrators must set organization-wide sharing settings for supported objects to the Private access model.
D) Users above the record owner in the Role Hierarchy and non-record owners with Edit access granted through CDS have the same ability/access as record owners,
E) CDS can only be applied to FSC objects and Account and Opportunity objects.

3. 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 two Life Events, one for the birth of the child and one for the Education Savings Account.
B) Create a Life Event for the birth of the child and a Referral for the Education Savings Account
C) Create a case and include the target Savings amount for the Education Savings Account and relate the case to the child's Person Account.
D) Create a Life Event for the birth of the child and a Financial Goal for the Education Savings Account
E) Create a Referral for the Banker for an Education Savings Account

4. Permission setlicenses incrementally entitle users to access features that are not included in their user licenses.
Which three Permission Set Licenses give users access to Financial Services Cloud features?

A) FSC Insurance
B) Financial Services Cloud Standard
C) Mortgage
D) Action Plans
E) Lightning Scheduler Resource

5. Lake Tahoe Bank has branch offices in many countries around the world and they are planning to roll out Financial Services Cloud. Which of the 2 considerations does the Salesforce Admin have to keep in mind when it comes to dealing with multiple currencies?

A) For each user, the user currency must correspond to the default currency for the user's locale
B) When multicurrency is enabled in FSC. advanced currencymanagement is also available
C) When filtering by currency values in reports or list views, users must specify a currency ISO code, such as USO or GBP. before the value.
D) The Salesforce Admin can enable or disable multiple currencies if needed

Solutions: