Financial-Services-Cloud Valid Test Forum - Financial-Services-Cloud New Study Guide

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To become certified, candidates must pass a 90-minute online exam consisting of 60 multiple-choice questions. Financial-Services-Cloud Exam covers various topics related to financial services, including client onboarding, financial accounts and transactions, financial planning, and compliance and security. Salesforce Financial Services Cloud (FSC) Accredited Professional certification is valid for two years and requires candidates to complete maintenance modules to keep up with the latest industry trends.

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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q155-Q160):

NEW QUESTION # 155
Lake Tahoe Bank is migrating customer records from the Individual Model to Person Accounts. Which three steps should a Data Architect take to ensure a successful migration?

A. Log a case with Salesforce to perform the conversion from the indrvkJual Model to Person Accounts.
B. Use a CSV field to map PersonRecordTypeld to the Person Account RecoroTypeld and use Data Loader to update Client Records
C. Configure your Person Account record types m the Indrvidual Record Type Mapper.
D. Ensure Person Accounts is enabled on the org
E. Enable 'Individual to Person Account Migration' in Custom Settings.

Answer: B,C,D

Explanation:
Explanation
The following steps are required to migrate customer records from the Individual Model to Person Accounts in Financial Services Cloud:
Ensure Person Accounts is enabled on the org. You need to have Person Accounts enabled before you can convert Individual Model records to Person Accounts. You can enable Person Accounts by contacting Salesforce Support or by using the Enable Person Accounts option in Setup > Account Settings.
Configure your Person Account record types in the Individual Record Type Mapper. You need to map your existing Individual Model record types to the corresponding Person Account record types. You can do this by using the Individual Record Type Mapper option in Setup > Financial Services Settings.
Use a CSV file to map PersonRecordTypeId to the Person Account RecordTypeId and use Data Loader to update Client Records. You need to update the Client records with the correct PersonRecordTypeId value that matches the Person Account RecordTypeId value. You can do this by using a CSV file and Data Loader to perform a bulk update operation. Verified References: : Salesforce Help Article 1 :
Salesforce Help Article 2 : Salesforce Help Article 3

NEW QUESTION # 156
To access Financial Services Cloud Lightning Components "My Domain" must be enabled. How does the System Admin accomplish this?

A. Go to Custom Settings and edit the Industries Settings
B. Enable Communities
C. Open a case with Salesforce Support
D. Register a subdomam using the My Domain wizard and then deploy it

Answer: D

Explanation:
Explanation
My Domain is a feature in Salesforce that allows you to create a subdomain for your org. You need to enable My Domain to access Financial Services Cloud Lightning Components, such as Actionable Relationship Center, Relationship Map, Life Events & Business Milestones, etc. To enable My Domain, you need to do the following:
Register a subdomain using the My Domain wizard in Setup > My Domain.
Deploy it to your users after testing it in your sandbox or developer org. Verified References: :
Salesforce Help Article [7]

NEW QUESTION # 157
Which of the following would be considered a Junction Object in Salesforce?

A. A custom object that contains a lookup field to a standard object
B. A many-to-many relationship created with two master-detail relationship
C. Two standard objects that have lookup relationship with each other
D. A many-to-many relationship created with two lookup relationships

Answer: B

NEW QUESTION # 158
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. It is possible to hide Sensitive Life Event or Business Milestone Types in the Insurance Agent Portal.
D. 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.

Answer: A,C

NEW QUESTION # 159
Lake Tahoe Bank would like to reslricl their Financial Services Cloud users from viewing certain types of milestones that might be irrelevant to their customers or might cause negative sentiment. How can the Salesforce Admin implement such a requirement?

A. The Salesforce Admin can hide sensitive Life Events on Ihe Life Events component on the Lightning Page using the Properties pane.
B. The Salesforce Admin can hide the life Event or Business Milestone type, by removing it from the Event Type picklist.
C. The Salesforce Admin can manage sensitive Life Evenls using sharing rules.
D. The Salesforce Admin can manage sensitive Life Events using Permission Sets.

Answer: A

NEW QUESTION # 160
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