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Salesforce Financial Services Cloud Accredited Professional Sample Questions:

1. A company wants to convert its Salesforce Financial Services Cloud implementation from using the individual account model to using person accounts.
Which three things should a consultant do to prepare for the conversion?

A) Ensure each individual account to be converted is not a parent account of any other account records.
B) Ensure all individual account records to be converted are only linked to exactly one contact record.
C) Update all opportunities linked to individual account records to be owned by the individual account record's owner.
D) Ensure each account.phone field in the individual account record is blank.
E) Test out the conversion in a sandbox, including all integrations and customizations.

2. A system administrator at a financial services company wants to build a report to show Interest Tags.
Which two things should the administrator consider when configuring the report?

A) The user must build a report using the Topics object to view Interest Tags in the report.
B) To show Interest Tags applied to specific objects, the user can add a filter in the report and select the object name.
C) When the user defines the custom report type, Topics should be selected as the Primary Object.
D) When the user defines the custom report type, Tag Categories should be selected as the Primary Object.

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 a Referral for the Banker for an 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 two Life Events, one for the birth of the child and one for the Education Savings Account.

4. Lake Tahoe Bank needs to conduct periodic reviews with their customers to review credit & debit card usage, review account payables and discuss credit needs. The bank wants to ensure such activities are tracked and exceptions are reported &followed up on in a timely manner. How can Financial Services Cloud support these requirements?

A) Train account owners to create required tasks periodically and setdue dates for tracking.
B) Use Lightning Scheduler to periodically schedule tasks for account owners.
C) Run a nightly process to create tasks and assign them to account owners for follow-ups
D) Create an Action Plan Template with associated pre-determined Tasks and automate the periodical creation of Action Plans for customer accounts.

5. Which three record type options should an advisor configure for a Lead object configuration?

A) Referral
B) Retirement Planning
C) General
D) Opportunity
E) Adjustments

Solutions: