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Salesforce AP-208 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Data Model and Architecture | 18% | - Financial Account and Financial Holding objects - Relationship mapping between accounts and contacts - Individual and Household data model - Custom objects for financial products |
| Wealth Management Capabilities | 20% | - Performance monitoring - Investment portfolio management - Financial goals and planning - Asset allocation tracking |
| Financial Services Cloud Overview | 10% | - Core capabilities of Financial Services Cloud - Key differentiators from standard Salesforce CRM - Use cases for Banking, Wealth Management, and Insurance |
| Analytics and Reporting | 12% | - Key metrics for financial advisors - Financial Services Cloud reports and dashboards - Custom reporting requirements |
| Banking and Lending Features | 15% | - Compliance and regulatory considerations - Digital lending workflows - Account aggregation |
| Implementation and Configuration | 10% | - Security model considerations - Setup and configuration basics - Best practices for deployment |
| Client Management | 15% | - Relationship types and hierarchy - Client lifecycle management - Client profiling and segmentation - Household management |
Salesforce Financial Services Cloud Accredited Professional Sample Questions:
Question 1
Cumulus Bank has branches in multiple countries that are required to report in local currency, while the corporate headquarters office wishes to see reports in a single currency (the corporate currency).
Which solution should a consultant recommend to meet these requirements?
A. Use a third party from AppExchange add-on to implement currency conversions.
B. Allowusers to set their preferred currency in their profile and design reports that convert currencies for the user running the report.
C. Enable multiple currencies and advanced currency management, and set a corporate currency for the corporate headquarters office.
D. Set the default currency for head office and have the regions download their reports to Excel and convert them manually.
Question 2
Which three things must an admin keep in mind when creating Action Plan Templates'5
A. When creating Action Plan Templates with the Ul. you can designate a plan owner different from the plan creator.
B. When youcreate an Action Plan from a template for a specific target record, item deadlines are calculated using the start date and date offset " defined in the Action Plan Template
C. The Action Plan Template permission set must be added to all users that wantto use Action Plans.
D. When you create an Action Plan from a template for a specific target record, the plan creator can choose whether the date calculation is based on calendar or working days.
E. An Action Plan is a run-time instance of the template that allows you to automate the sequence of the tasks you defined in the template.
Question 3
Lake Tahoe Bank branch manager is asking the Salesforce Administrator for improvements in Salesforce to speed up Loan Approval Processing. The Salesforce Admin isconsidering using Action Plans. Which 3 process improvements can be delivered using Action Plans?
A. Action Plans can automatically schedule the next appointment with the Advisor.
B. When you create an action plan from a template for a specific targetrecord, items that have no assigned user are assigned to the owner of that " target record.
C. Action Plans enhance collaboration and productivity by automatically assigning task owners and deadlines for specific client processes.
D. Action Plans can speed up the collection of a list of documents needed for the loan application
E. Action Plans create repeatable tasks and automate the task sequences when executed
Question 4
The Salesforce Admin at Lake Tahoe Bank is implementing Financial Services Cloud and wants to roll up customer data at the client and group levels. What functionality can Rollup By Lookup (RBL) provide for this requirement?
A. Rollup By Lookup (RBL) displays associated records for Financial Accounts. Financial Goals, and Opportunities.
B. Rollups for multiple joint owners are not supported
C. When you edit a financial account record or primary Group membership, the Rollup By Lookup(RBL) configuration updates the corresponding RBL summaries at the client and Group levels.
D. An RBL rule displays summary calculations of financial account information, such as account balances.
E. RBL calculations can notbe disabled when importing data into your Salesforce org.
Question 5
Which three record type options should an advisor configure for a Lead object configuration?
A. Referral
B. Adjustments
C. Opportunity
D. General
E. Retirement Planning
Solutions:
| Question 1 Answer: C | Question 2 Answer: B,D,E | Question 3 Answer: B,C,E | Question 4 Answer: A,C,D | Question 5 Answer: A,D,E |
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