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Salesforce FINANCIAL-SERVICES-CLOUD Exam (page: 2)
Salesforce Financial Services Cloud (FSC) Accredited Professional (AP)
Updated on: 25-Dec-2025

Viewing Page 2 of 35
FINANCIAL-SERVICES-CLOUD PDF 170 Questions

Which three of these statements are true for Rollup By Lookup (RBL) in Financial Services Cloud?

  1. An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances.
  2. Person Accounts need to be enabled in order to use the Rollup by Lookup functionality.
  3. The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels
  4. Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules
  5. RBL rules do not require a lot of processing power.

Answer(s): A,C,D

Explanation:

The following statements are true for Rollup By Lookup (RBL) in Financial Services Cloud:
An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances. You can use RBL rules to aggregate financial account data across different levels of client relationships.
The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels. You can use RBL configuration to define which fields are rolled up and how they are calculated for each diem and group type.
Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules. RBL rules are complex and require extensive testing and validation. If you need to create or customize RBL rules, you should contact a certified Salesforce partner or consultant. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 75. : Salesforce Financial Services Cloud Implementation Guide, page 76. : Salesforce Financial Services

Cloud Implementation Guide, page 77.



Which of the following objects do support Group-Level Rollups?

  1. Tasks
  2. Alerts
  3. Financial Accounts
  4. Action Plans
  5. Opportunities

Answer(s): C,D,E

Explanation:

The following objects do support Group-Level Rollups:
Financial Accounts: You can use Group-Level Rollups to display the total balance, total market value, and total cost basis of all the financial accounts that belong to a group. Action Plans: You can use Group-Level Rollups to display the number of action plans, the number of completed action plans, and the completion percentage of all the action plans that are associated with a group.
Opportunities: You can use Group-Level Rollups to display the total amount, expected revenue, and weighted amount of all the opportunities that are related to a group. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 80. : Salesforce Financial Services Cloud Implementation Guide, page 81. : Salesforce Financial Services Cloud Implementation Guide, page 82.



Which 3 options does the Financial Services Cloud application offer to view and update Account- Account. Account-Contact, and Contact-Contact Relationships?

  1. Actionable Relationship Center
  2. Family Members Component
  3. Relationship Map
  4. Group Members Component
  5. Life Events Component

Answer(s): A,C,D

Explanation:

The following options are available to view and update Account-Account, Account-Contact, and Contact-Contact Relationships in Financial Services Cloud:
Actionable Relationship Center: This is a Lightning component that displays a list of all the relationships for a client or a group. You can use it to view, create, edit, and delete relationships. Relationship Map: This is a Lightning component that displays a graphical representation of all the relationships for a client or a group. You can use it to visualize and navigate the relationship network.

Group Members Component: This is a Lightning component that displays a list of all the members of a group. You can use it to view, add, and remove group members. Verified


Reference:

: Salesforce Financial Services Cloud User Guide, page 34. : Salesforce Financial Services Cloud User Guide, page
36. : Salesforce Financial Services Cloud User Guide, page 38.



Which two statements are true about Group Membership in Financial Services Cloud?

  1. Group Membership defines the role of the member within the Group.
  2. With Group Membership settings you can define if a Group is the member's primary Group.
  3. With Group Membership settings you can define who is the primary and who is the secondary member within the Group.
  4. Group Membership is modeled using the Account-Group Relationship object.

Answer(s): A,B

Explanation:

Group Membership is a construct in Financial Services Cloud that allows you to define the relationship between a group and its members. You can use Group Membership to specify the following information:
The role of the member within the group, such as Owner, Beneficiary, Trustee, etc.
Whether the group is the primary group for the member, which affects how financial data is rolled up and displayed. Verified


Reference:

: Salesforce Financial Services Cloud User Guide, page 38.



Lake Tahoe Bank has duplicate client records in their current CRM system because they come from a different systems of record. Any changes made in Salesforce should be updated in the source system.
What can a Salesforce Administrator do to help bankers get a consolidated view of the individual in the Financial Services Cloud?

  1. Leverage Financial Services Cloud Relationship Groups to link duplicate client records and create a consolidated view.
  2. Implement deduplication rules in Salesforce and let the integration handle the updates to the source system.
  3. Create a custom Person Account hierarchy to link duplicate client records.
  4. Create custom components to provide a single view of the client.
  5. Link individuals using related contacts to link duplicate client records

Answer(s): A

Explanation:

A Relationship Group is a construct in Financial Services Cloud that allows you to model complex and dynamic relationships between clients and accounts. You can use Relationship Groups to link duplicate client records and create a consolidated view of their financial data, activities, and interactions. You can also use Relationship Groups to sync data between Salesforce and the source system using external IDs and integration tools. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 67.



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Share your comments for Salesforce FINANCIAL-SERVICES-CLOUD exam with other users:

Manasa 12/5/2023 3:15:00 AM

are these really financial cloud questions and answers, seems these are basic admin question and answers
Anonymous


Ale M 11/22/2023 6:38:00 PM

prepping for fsc exam
AUSTRALIA