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Salesforce AP-208 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Client and Customer Management | - Client lifecycle management processes - Relationship Groups and role modeling |
| Topic 2: Security, Reporting, and Integration | - Reporting and dashboards in Financial Services Cloud - Data security and sharing models - Integration with Salesforce ecosystem tools |
| Topic 3: Financial Services Processes | - Sales and service process automation - Wealth and insurance workflows |
| Topic 4: Financial Services Cloud Fundamentals | - Industry use cases in banking and insurance - Core concepts and value proposition of Financial Services Cloud |
| Topic 5: Data Model and Architecture | - Accounts, Contacts, Households, and Relationships - Financial accounts and household structures |
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) 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.
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) To share a Person Account record the admin will need to create sharing rules Account and Contact objects
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. Cumulus Bankhas implemented Compliant Data Sharing in Financial Services Cloud. Which two things happen when an opportunity record that has opportunity participants with associated share table entries is set to Private?
A) Sharetable records need to be manually deleted.
B) All opportunity participant records are delete
C) The share table records are deleted.
D) The opportunity participant records are not deleted.
3. Cumulus Cloud Bank, a major financial services provider, has engaged Salesforce Professional Services to transform its operations with Financial Services Cloud (FSC). The Addams family are wealth management clients with the following relationships:
* The wife and her husband are part of the Addams Household.
The wife is the primary member, and together the couple run the Addams Charitable Trust.
* The wife is also part of the Symonds Household with her father as the primary member. Which tool should the Salesforce FSC consultant recommend so a wealth manager could make sense of this complex data to provide impeccable service to the Addams family and discover new business opportunities?
A) Data Visualization with Marketing Cloud Intelligence
B) Actionable Relationship Center (ARC), an advanced visualization engine
C) Data Filtering and Sorting in Tableau Desktop
D) Financial Services Cloud Einstein
4. A financial services company is migrating a legacy customer relationship management system to Financial Services Cloud (FSC). The company is requesting that its consulting partner introduce specific customer interaction features mapped to its business processes.
What should the consultant consider when introducing the FSC features?
A) If there is a business process for showing common interests and needs across the company's clients, the Interaction Summaries component is recommended to use.
B) If there is a business process for taking detailed notesfor client meetings and adding action items, the Action Plan component is recommended to use.
C) If there is a business process for limiting role-based data visibility, the Interaction Summaries component is recommended to use.
D) If there is a business process for tracking the customer life events and milestones, and timely reminding of opportunities, the Action Plan component is recommended to use.
5. Lake Tahoe Bank wants to onboard a client digitally and without asking the client for information that the bank already has on file. The process has multiple steps and can have branching (conditional) logic that asks for different informationdepending on the responses. Which Salesforce feature should be used for this digital onboarding process?
A) Actionable Relationship Center
B) Aclion Plans
C) Flows
D) Financial Goals
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C,D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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