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Salesforce FINANCIAL-SERVICES-CLOUD Exam (page: 3)
Salesforce Financial Services Cloud (FSC) Accredited Professional (AP)
Updated on: 25-Dec-2025

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FINANCIAL-SERVICES-CLOUD PDF 170 Questions

Lake Tahoe Bank's financial advisors are complaining that they can't see an accurate summary of their clients financial data as clients often change households. How can an Admin set up Financial Services Cloud to provide financial advisors with an accurate summary of their client's financial data?

  1. Create a roll-up field on the Opportunity object to track client's Financial Account balance and display the summary amount on the Person Account object.
  2. Set clients financial data to be rolled up using Financial Services Cloud Primary Group.
  3. Create a custom obiect to track client's financial data
  4. Use Process Builder to create a workflow to summarize data at the Person Account level.

Answer(s): B

Explanation:

A Primary Group is a construct in Financial Services Cloud that allows you to define the main group for a client. You can use Primary Group to roll up financial data from all the financial accounts that are related to the client or the group. This way, you can get an accurate summary of the client's financial data regardless of how often they change households. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 69.



Lake Tahoe Bank allows more than two owners on Financial Accounts. The Salesforce Admin wants to make sure that balances are rolled up to all joint owner's primary Households.
Which 2 options does the Salesforce Admin have to accomplish this?

  1. Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the household level.
  2. Enable the 'Enable Rollup Summary' in custom settings
  3. Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
  4. Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
  5. Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.

Answer(s): C,E

Explanation:

Rollup By Lookup (RBL) is a feature in Financial Services Cloud that allows you to display summary calculations of financial account information, such as balances, market values, and cost bases. You can use RBL to roll up financial data to all joint owners' primary households by doing the following:
Create custom RBL rules to rollup the joint owner balances using the Joint Owner field on the Financial Account object.
Enable RBL rules that rollup balances using Financial Account Role for joint owners using the Account

Role field on the Account Contact Relationship object. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 75.



To access Financial Services Cloud Lightning Components "My Domain" must be enabled. How does the System Admin accomplish this?

  1. Register a subdomam using the My Domain wizard and then deploy it
  2. Open a case with Salesforce Support
  3. Enable Communities
  4. Go to Custom Settings and edit the Industries Settings

Answer(s): A

Explanation:

My Domain is a feature in Salesforce that allows you to create a subdomain for your org. You need to enable My Domain to access Financial Services Cloud Lightning Components, such as Actionable Relationship Center, Relationship Map, Life Events & Business Milestones, etc. To enable My Domain, you need to do the following:
Register a subdomain using the My Domain wizard in Setup > My Domain. Deploy it to your users after testing it in your sandbox or developer org. Verified


Reference:

:
Salesforce Help Article [7]



Lake Tahoe Bank has branch offices in many countries around the world and they are planning to roll out Financial Services Cloud.
Which of the 2 considerations does the Salesforce Admin have to keep in mind when it comes to dealing with multiple currencies?

  1. For each user, the user currency must correspond to the default currency for the user's locale
  2. The Salesforce Admin can enable or disable multiple currencies if needed
  3. When filtering by currency values in reports or list views, users must specify a currency ISO code, such as USO or GBP. before the value.
  4. When multicurrency is enabled in FSC. advanced currency management is also available

Answer(s): C,D

Explanation:

Multicurrency is a feature in Salesforce that allows you to work with multiple currencies in your org. If you enable multicurrency in FSC, you need to consider the following:
When filtering by currency values in reports or list views, users must specify a currency ISO code, such as USD or GBP, before the value. For example, USD500 or GBP300.
When multicurrency is enabled in FSC, advanced currency management is also available. This feature allows you to track historical exchange rates and apply them to opportunities and forecasts.



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 support his 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?

  1. Person Accounts can be merged with Business Accounts in Financial Services Cloud
  2. To share a Person Account record the admin will need to create sharing rules Account and Contact objects
  3. 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.
  4. 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.
  5. 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

Answer(s): D,E

Explanation:

The following statements are true for the Financial Services Cloud Person Account Data Model:
The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes data such as date of birth or tax ID number. You can use Person Accounts to store information about individual people by combining certain Account and Contact fields into a single record.
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. You can use Person Accounts to simplify your data model and reduce the number of records you need to manage.



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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