FINANCIAL-SERVICES-CLOUD RELIABLE CRAM MATERIALS, FINANCIAL-SERVICES-CLOUD VCE EXAM SIMULATOR

Financial-Services-Cloud Reliable Cram Materials, Financial-Services-Cloud VCE Exam Simulator

Financial-Services-Cloud Reliable Cram Materials, Financial-Services-Cloud VCE Exam Simulator

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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q113-Q118):

NEW QUESTION # 113
A financial servicescompany must add details to the default business hours record. For company-wide holidays, the company wants the option to skip non-work days in Action Plan when setting task completion dates.
What should the administrator configure to meet the requirement?

  • A. Omit the day's start and end time fields when the administrator wants to indicate a non- working day.
  • B. Configure the day withoutbusiness hours, it is considered a non-work day, even if the day is a recurring holiday.
  • C. Add non-work days to the date offset when calculating the task completion date is automatic; no setup is required.
  • D. Select Recurring Holidays as Action Plans and consider recurring holidays when determining the non- work days to skip.

Answer: B

Explanation:
To skip non-work days in Action Plan when setting task completion dates, the administrator should configure the day without business hours, as it is considered a non-work day, even if the day is a recurring holiday. This means that the administrator should leave the start and end time fields blank for any day that is not a working day, such as Saturday or Sunday. Action Plans will then automatically omit those days when calculating the task completion dates based on the business hours1. Recurring holidays are not considered by Action Plans when determining the non-work days to skip2.
References:
SetBusiness Hours
Set Up Company-wide Holidays


NEW QUESTION # 114
Which step is required to give a group of users access to a Financial Deal?

  • A. Share a financial deal record with a group by adding them as participants to the record from the Financial Deal Participants related list,
  • B. Create a Financial Deal permission set and assign it to the users that should have access to Financial Deals.
  • C. Change organization-wide defaults (OWD) sharing on the Financial Deal object to Public Read/Write.
  • D. Update Industries Settings to give users access to the Financial Dew object.

Answer: A

Explanation:
To give a group of users access to a Financial Deal, you need to share a financial deal record with a group by adding them as participants to the record from the Financial Deal Participants related list. The Financial Deal Participants related list is a custom related list on the Financial Deal object that allows you to add users, groups, or queues as participants of a financial deal.Participants can have different roles and access levels for a financial deal, such as Owner, Collaborator, Viewer, or Approver. By adding a group as a participant, you can grant access to all the members of that group for a specific financial deal. Verified References: :
Salesforce Help Article [6] : Salesforce Help Article [7]


NEW QUESTION # 115
The Lake Tahoe Bank Salesforce Admin is planning to migrate data into the new Financial Services Cloud org. The Admin can control whether Rollup By Lookup (RBL) rules or record rollups are queried and calculated. Before initiating data insert or update operations, the Admin wants to disable rollups to speed up data loading. Where in Salesforce would the Admin temporarily disable rollups to accelerate uploads?

  • A. Custom Settings
  • B. Object Settings
  • C. App Manager
  • D. Company Settings

Answer: A


NEW QUESTION # 116
A consultant is configuring ademo for a customer but cannot create new residential loan application records.
What is prohibiting the consultant from creating a new residential loan application?

  • A. The Residential Loan Application flow was not enabled in the setup.
  • B. The administrator did not assign the Mortgage permission set to the user.
  • C. The administrator did not enable "Allow Mortgage Access" in Setup.
  • D. The user does not have "Mortgage User" checked in their user record.

Answer: B

Explanation:
The administrator did not assign the Mortgagepermission set to the user. The Mortgage permission set is required to access the Residential Loan Application object and its related objects, such as Loan Application Form, Loan Assessment, and Loan Product. Without this permission set, the user cannot create, edit, or view residential loan application records. The administrator can assign the Mortgage permission set to the user from the user detail page in Setup.References: [Mortgage Permission Set], [Residential Loan Application Object]


NEW QUESTION # 117
During the delivery stage of a Financial Services Cloud (FSC) implementation, a consultant needs to think about how to utilize FSC-related objects. Which three things should the consultant consider when adopting such objects?

  • A. In a household, each of the household members is modeled as a Person Account and the household ismodeled as an Account.
  • B. Role Hierarchy-based sharing can be disabled for the Financial Deal object but can't be disabled for the Opportunity object.
  • C. Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object.
  • D. Both the Financial Deal object and the Opportunity object support Compliant Data Sharing.
  • E. In a household, each household member is modeled as a Contact, and the household is modeled as an Account.

Answer: B,D,E

Explanation:
Reference: Set Up Clients, Households, and Relationships, Compliant Data Sharing in Financial Services Cloud | Salesforce Trailhead, Track Client Interactions - Salesforce Explanation: Some considerations when adopting FSC-related objects are:
In a household, each household member is modeled as a Contact, and the household is modeled as an Account. A household is a type of relationship group that represents a group of clientswho have a direct relationship with one another and shared financials, such as spouses and their dependent children. A household is modeled as an Account record with a custom record type of Household. Each household member is modeled as a Contact record that is related to the household Account. A household can also have related accounts and contacts that are not part of the household, but are associated with it for some reason.
Both the Financial Deal object and the Opportunity object support Compliant DataSharing. Compliant Data Sharing (CDS) is a feature of FSC that allows granular control over access to sensitive data in Account and Opportunity objects. CDS can help financial services companies comply with regulations and policies that restrict data visibility based on user roles. CDS can also be enabled for the Financial Deal object, which is a custom object that represents a business opportunity or transaction with a client. The Financial Deal object can be used instead of or in addition to the Opportunity object, depending on the business needs.
Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object. Interaction Summary is a custom object that captures the details of a client interaction, such as a meeting, a call, or an email. Interaction Summary can be linked to other FSC objects, such as Financial Accounts, Financial Goals, Financial Deals, or Relationship Groups. Interaction Summary can also have participants, which are records that represent the people or groups involved in the interaction.


NEW QUESTION # 118
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